Quotes as of 08/12/2019 11:11AM PST according to Yahoo Finance. Quotes should not be taken as real time.

Despite early futures being up we’ve seen a reversal and a rather nasty one.

Currently the Dow 30 has fallen -1.13%.

The S&P 500 is down -1.02% along with the NASDAQ being down -0.95%

S&P 500 VIX has spiked +7.33% indicating fear and uncertainty amongst investors and traders alike.

The China A50 has fallen -0.27% from close though did close rather nicely up 1.93%.

China H-shares futures down 0.50%.

The Hang Seng futures are showing a loss of -2.35%.

Europe futures on the Euro Stoxx 40 are down slightly at -0.15%

The Japanese Nikkei 225 and TOPIX are both red.

Nikkei 225 is down -1.76% and the TOPIX down -1.69%.

CAC 40 futures are down -0.51%

Currently the market is showing signs of uncertainty and exhaustion. Lack of volume can be a sign of unwilling participation which may lead to retesting lower levels.

The market also is currently reflecting 25% chance that a larger than 50bp rate cut is likely for next month. A 1/4 point rate cut is presumed for this September 18th.

Disclaimer: This is not financial advice, I am not a financial adviser. I hold no positions in the S&P nor volatility index.