$SPY needs to clear 200 on the 60-minute chart

200 is a resistance level.

Almost 67% of S&P 500 stocks are below their 200 day moving average

• 33% of S&P 500 stocks are above their 200 day moving average
• The red lines at 60% and 40% mark bull and bear territory for me
• The % must rise and get above 60% for a reversal

$VIX starts to retreat which bodes well for stocks...danger still lurks though

Monitor $NFLX for a bounce off the cloud which is marking support

$BABA can go lower

$TWTR shows inverted hammer on daily chart which is a reversal candlestick or at least marks support

$TWTR may have found some support for the moment

Hourly chart reveals support

$FB may be a good buy below 90 and price may bounce

Scale in. 

$VIX is slightly below last October's high and a break above it will ensure more carnage

If $VIX starts to decline it may be an opportunity to buy the dip.

Dow Theory rules have all been met

$QQQ corrects

Cloud shows where support is for $SPX

$VTI is at support.

$SPY has support around 195 so let's see if it holds

$RSP - Average S&P 500 stock is in correction territory

$RSP has support at 76. A break below it will turn things from bad to worse.

Fear Guage ($VIX) blasts off like a bottle rocket so monitor it for an opportunity to BUY into the market by scaling in

Don't try to catch a falling knife, but when $VIX starts to lose momentum it has proven to be a good time to BUY into the market

$VTI may issue a buy signal tomorrow if it closes higher

• Scale in since leading cloud is bearish and flat
• Keep eye on Chikou Span
• Conservative investors should wait until Tenkan Sen crosses Kijun Sen and both lines are above the cloud

$SPY will issue a buy signal tomorrow if it closes higher

$VTI:$BND Stock-to-Bond ratio turns bearish which favors bonds

$UGA has a thick bearish cloud providing resistance

$UNG is trading in the 13/14 range

$XLY dips, but is still bullish

$XLV pauses with the cloud providing support

$XLP stalls after breaking out above the cloud in July

$XLK shows flat trading

$XLI is bearish

$XLF has slow upward trend

$XLE is bearish despite trending up a little

$XLB is bearish and trading sideways

$XLU shoots up after breaking out above the cloud

$HD doesn't show any signs of slowing down

Wait for a dip before jumping on

$DJUSAR shows breakout above the cloud for airline sector which is bullish

$SAVE doesn't show any upward momentum and is flat

$AAL remains in the cloud, but leading Kumo is bullish so watch

$LUV breaks out of cloud

$DAL soars after breaking out of cloud

$UAL issues buy signal with breakout above the cloud and 200 EMA

• Scale in since Kijun Sen (red line) and Chikou Span haven't cleared the cloud yet

$JBLU $ALK No signs of slowing down...yet

$JBLU and $ALK are outperforming the others year-to-date

$BABA nothing but a downward spiral after investors got suckered

$TWTR needs some good news

$DIA faces resistance around 175/176

$IWM faces resistance around 121

$SPY is trading sideways

$VTI is in a 107/110 trading range

$EEM has been in a 34/45 trading range for 5 years

$QQQ is holding up well while the rest of the market corrects

$UGA is bearish

$BRENT has some support in the 48/50 range based on January lows