Will everyone now become an armchair technical analyst?  I have opined several times it appears market trading has been co-opted by the machines.  To hell with earnings and valuations as it is now all about trend lines and moving averages....

It is getting really ugly.  Oil has been decimated down over 23% since its June apex.  In many regards it looks like oil futures are in a complete collapse as Brent crude is at the lowest level since December 2010....

In my view the employment report was relatively strong in many dimensions.  Both private sector and non-farm payrolls were considerably higher than expected and so were the revisions from August.  The jobless rate fell to 5.9%, the lowest rate since July 2008’s level of 6.1%. ...

Equities fluctuated while the dollar extended a four year high and oil led a drop in commodities as the economic data suggested a possible delay in a change in monetary policy and Russia was considering capital controls to stem that country’s exodus of funds....