Indices closed Down 3.68% to 5.22%.....

Indices took a beating again, hurting most investors & traders.

Internals of the market were as follows :

Down volume led by 35.90 to 1 in NYSE & 48.14 to 1 in Nasdaq

Declining stocks led by 16.38 to 1 in NYSE & 10.21 to 1 in Nasdaq

New 52 wk lows 201 in NYSE & 241 in Nasdaq

VIX UP 35.12% @ 42.67

Oil @ $82.38

Gold @ $1822

S&P 500 low today was 1131.03 while previous low was 1101.54

RSI @ 35.23

SO..what happened today ?

Mr President went on vacation, Senators & Congressmen are long gone......while economic news keeps getting from bad to worse....lack of concern / resolution is taking a huge toll in traders psychology....

HFT is very happy to come in & take this market anywhere they want. Volume is totally dominated by HFT..on a day like today it could be as high as 80%.....based on huge % decline in most companies.

There was no bid in this market as down volume went as high as 97%.....

The only way to counter this one sided game is to position to trade quickly with profit.

You cannot have 100% exposure in this type of volatile market......

Even with all my experience, my two stocks are being taken to the cleaners in 48 hrs......

RVBD & LULU have great prospect but they are being trashed...BUT i can assure you that somehow i have to figure out a way to come out with profit.......

IF you are treating this market with "business as usual"...you are going to get hurt badly & may not recover.......

I see inaction in US & Europe, any decision IF they end up making will be "weak @ best"

SO we will have UP DOWN UP DOWN market.......which may not be good for your financial health....

SO....please try to understand this "weak trading environment" & become very small & trade often to lock any profit.....it is singles & not home run which you are after.....

AH ER were treated as follows :

MRVL UP 10.69%

HPQ Down 9.83%

LDK Down 21%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

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