NASDAQ Trendline busted; XLF (financials ETF) set a new 1-year low; Big selling programs are hitting every BTFD attempt

https://twitter.com/OccupyWisdom/status/1055966785458094080

https://twitter.com/OccupyWisdom/status/1055974682497896449

Big selling programs are hitting every BTFD attempt — an ominous sign that auction is having trouble digesting overhead supply that is unlocking. When does the next round of margin calls occur? $SPX pic.twitter.com/8EcBkAnIDt

— Alastair (@StockBoardAsset) October 26, 2018

Drawdowns

Regional Banks KRE: -23.2%
Builders XHB -23.5%
Biotechs IBB: -17.5%
Nasdaq 100 NDX: -12.4%
Financials XLF: -13.9%
Disc XLY: -13.4%
Oil Sector XLE: -16.5%
Russell IWM: -16.1%
Pharma IHE: -11.8%
S&P SPY: -10.6%
Junk JNK: -2.7%
Staples XLP: -2.7%

v @BearTrapsReport

— Lawrence McDonald (@Convertbond) October 27, 2018

Junk starting to move pic.twitter.com/jCze5nalo0

— zerohedge (@zerohedge) October 26, 2018

America shops at Amazon, and if Amazon is guiding revenues lower, it’s a good sign that heavily indebted consumers are cutting back on buying stuff they can’t afford on credit. This is how modern American recessions start!

— Peter Schiff (@PeterSchiff) October 26, 2018

in this boom/bust economy, it will be you, the millennial, who will deleverage next. most generations go through a deleveraging at some point in life. pic.twitter.com/3sBxAvmEFr

— Alastair (@StockBoardAsset) October 27, 2018