ES is rebounding nicely after yesterday’s tumble. But, the algos forgot to even backtest the 10-day moving average or even close a gap or two. Bottom line, TPTB are getting sloppy. At this rate, the marks (the investing public) are going to start to suspect something…

With ACA enrollment starting tomorrow and millions of registered voters about to experience huge stick shock, we get the feeling the government shutdown will soon end.

continued for members…

It needn’t get all the way to the former high – though that would be nice. But, when it doesn’t even backtest the SMA10, you know things are getting out of hand. At least make it believable.

The vol picture is unchanged – a split between VIX and VX.

And, the currency picture still favors the bears with USDJPY failing to break out.

GLTA