Is The Market Down Turn For Real This Time? 这次市场真的下跌了吗？

The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. These data are adding to fears of a slowdown in the world’s largest economy as a result of the trade war with China. Mean while Euro zone manufacturing data showed the sharpest contraction in almost seven years. The result of these negative news are sharply lower stock prices.
The Dow reversed it's 129 point gain to over 300 point losses now. Gold and Silver rallied while the odd of an October rate cut has increased to 63%.  Today's market action is causing more technical damages to major indexes as the Russell 2000 is below its 20, 50 and 200 day moving averages, the Nasdaq Composite is below its 20 and 50 day moving averages, the bench market S&P 500 is solidly below its 50 day moving average and the Dow is only at spitting distance to break its 50 day moving average.  The Russell 2000 is solidly on a downtrend, the Nasdaq Composite has formed very bearish Head and Shoulder Top ,the S&P 500 has confirmed Double Top and the Dow is to follow. The key for today is whether dip buyers are dare to step in to buy as they usually do. If they don't and the S&P 500 stays below its 50 day moving average 2948 at the close, more downside is likely. The projected downside supports for S&P 500 will be 2890 ,then 200 day moving average 2836. The market down turn looks for real this time.

To participate on the market down turn consider buying the following ETFs: 2X volatility index performance ,  TVIX, Inverse 3X Nasdaq 100 index performance SQQQ and Inverse 3X Russell 2000 performance TZA.

供应管理协会(ISM)的美国制造业采购经理人指数在9月份跌至 47.8％，为2009年6月以来的最低水平，并且是连续第二个月收缩。这些数据加剧了人们对与中国的贸易战导致全球最大经济体增长放缓的担忧。同时，欧元区制造业数据显示为近七年来最大幅度的收缩。这些负面消息的结果是股市大幅下跌。

道琼斯指数将其早上129点的涨幅扭转为300点以上的跌幅。黄金和白银及恐慌指数VIX上涨，而十月份降息的几率则上升至63％。今天的市场负面行情对主要股票指数造成更大技术性损害，因为罗素2000指数跌破20、50和200天移动平均线，纳斯达克综合指数跌破20和50天移动平均线，基准市场标准普尔500指数稳固的跌低于其50日均线，道琼斯指数仅在吐口水的距离便会跌穿其50日均线。罗素2000指数一直处于下降趋势，纳斯达克综合指数形成了非常看跌的头肩顶，标准普尔500指数已确认双顶，而道琼斯指数也将紧随其后。今天的关键是，平价买家是否像通常那样敢于介入。如果他们不这样做，而标普500指数收盘时仍低于50天移动均线2948，则市场可能会有更大的下跌空间。标普500的预计下行支撑将是2890，然后是200天移动平均线2836。这次市场下跌似乎会是真的。

若要参与市场下跌，可考虑购买以下ETF：2X波动率指数表现，TVIX，反向3倍纳斯达克100指数表现SQQQ及反向3倍Russell 2000表现TZA。