That was a very interesting session to say the least. It’s been a while that I have seen Treasury futures selloff in heavy volume while equity slid lower. Pretty much everything was sold today, including AAPL, oil, precious metals and even volatility.
I am surprised markets did not rally into the close ahead of what could be a bullish session on Monday based purely on the bond market being closed due to the Columbus Day holiday in the US. But prior studies have shown no strong correlation with market trends and that specific holiday.
The short signals the model currently has triggered are profiling excellent downside momentum, primarily AAPL and the Aussie dollar.
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