29Sep3:51 pmEST
There's the Rub
Headed into the bell on what has been a wild session, the mega caps in the Dow look rather ominous and perhaps headed towards a major break.
But the Nasdaq and small caps balance out the pessimism, with the QQQ ETF still above its 20-day simple moving average.
Despite the DB concerns and the Dow swooning 200-points intraday, if bears cannot ever bring the QQQ below its 20-day, it is going to be tough to load up on any type of meaningful short inventory.
More after the bell in my recap, including more analysis of DB.