VIX retraced 86% of its rally, closing beneath its Intermediate-term support at 10.93. It is temporarily off  its weekly buy signal. Confirmation comes above that level and the subsequent move may be very fast. Ending Diagonal patterns are known to completely retrace themselves, once broken. Could the initial foray have broken the trendline already?

(Forbes)  Volatility, volatility, volatility. Market participants who are looking for volatility to find trading opportunities might have something to look forward to. Generally, most of the historical market crashes have been preceded by a decrease in volatility and often referred to as the calm before the storm. So could it happen again?

It is now a decade on since the onset of the credit crisis and coming up to the 30th anniversary of Black Monday, the stock market crash that occurred on October 19, 1987, that saw the Dow Jones Industrial Average lose a hefty 500 points on the day. By the end of that month leading stock markets around the globe had declined by between 30% and 40%.

SPX Crosses makes a partial retracement

SPX rallied within 10 points of its August 8 high (2490.87) but did not break out. A reversal beneath Short-term support at 2451.58 may re-introduce the sell signal. Should SPX not break above its prior high the current formation suggests a probable decline to or below 2300.00.

(Reuters) – Wall Street gained on Friday as a tepid U.S. jobs report did little to change bets for another interest rate hike this year, while investors were on track to kick off a typically dour month for stocks on a positive note.

U.S. job growth slowed more than expected in August after two straight months of hefty increases. The Labor Department said on Friday nonfarm payrolls increased by 156,000 last month, while economists had forecast an increase of 180,000.

NDX makes a new all-time high

NDX rallied to a new all-time high today in a throw-over above its 6-year Ending Diagonal. Intermediate-term support and the nearby trendline at 5796.44 are providing critical support. A decline beneath Intermediate-term support and its Brexit trendline may produce a sell signal.    

(InternationalAdvisor)  Despite their hefty price tag, the FANG stocks and Apple have had remarkable staying power, surviving a sell-off and reaching record share price highs. But has the relative safety of the tech giants come to an end?

As the world grappled with North Korea’s latest aggression and Hurricane Harvey wreaking havoc in Houston, Apple was on the verge of something monumental.

Apple, which had more than $30bn (£23.2bn, €25.1bn) wiped off its share price on 9 June after plummeting to $148.98 per share, began trading at a record high of $162.86 per share.

If its shares rally another 14-15%, the Silicon Valley superstar will become the first firm in history to breach the $1trn market capitalisation.

High Yield Bond Index makes a new all-time high

The High Yield Bond Index stair-stepped to an all-time high. The Cycles Model suggests its period of strength may be over. A sell signal may be generated should MUT fall beneath Intermediate-term support and its Ending diagonal trendline at 168.44.

(Bloomberg)  After a tough summer for junk bonds, with investors yanking cash out of the market, the clouds are gathering for a potentially stormy fall.

September is typically among the busiest periods of the year for debt sales, posing a risk to issuers of high-yield bonds after fund managers from Pacific Investment Management Co. to DoubleLine Capital turned bearish on the asset class. How the market adjusts to the coming wave of supply will determine whether the recent slump proves to be just a blip.