My annoyance with meaningless early-day ramps is starting to crank up my snarkiness.
The good news is that, idiotic rumors and tweets be damned, the market is still just painting out one lower high after another.
Looking at the major cash indexes and their respective moving averages, you can see things are breaking down. You don’t have to squint or cock your head to see it. This is real.
The one holdout is the Dow Industrials, which still has to finish its crossunder.
See you in the morning, and spare me the ramp this time, OK?