I am keying off the SPY 5-minute chart since the open.

You can see a triangle forming higher lows but lower highs. Whichever way this breaks should lead to the next market move into the early-afternoon.

What are you trading this morning?

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Amid a whacky open to the downside, Ebola stocks are heating up again, or at least staying firm.

CMRX INO TKMR are on my radar on the long side.

And APT LAKE are trying to build out consolidations on daily charts now.

I still maintain the Ebola stocks can trade independently of the broad market. It has served us well inside 12631.

Apparently our chat room is malfunctioning again this morning. Thank you for your patience as our IT Department attempts to fix the issue.

Feel free to drop me your trading ideas, market thoughts, and other comments below.

Looks like a bloody open, as I sit in just about full cash and some soft commodities.

Here is a two-part video presentation of the relevant issues which traders are facing in the current market. 

If you enjoy this presentation, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Direct Vimeo Link Part I. Click Here

Direct Vimeo Link Part II. Click Here

After 7pm EST tonight, I will be doing a special “iBankCoin Markets in Turmoil Special” video presentation.

Please leave me any questions you may have below. I will try to get to as many as possible.

See you then.

What a pounding for crude in recent weeks, especially today. Close to a bottom? Perhaps a brief one. But the damage has certainly been done.

Stay tune for some special video market analysis after the bell and later tonight…