8/8/16 was down -$0.80 and the model projects that the CME component on yesterday's kill will be down between -0.60 and -0.90. The QQQs settled at a discount to the component of -2.62 and the "Gap" for the VVVs is very wide at -10.87. A lot of "Gap" gets closed when packers take off 0.50 to 1.00 per day.

Early quotes looks like my bearish bias is going to once more be challenged giving me another heart-burn today. At least the bonds are behaving well for me.

Best wishes,

dhm