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Stocks set for sharp opening losses

Jan. 06, 2016 7:20 AM ETQQQ, SPY, DIA, IVV, RSP, QQEW, PSQ, SH, DOG, QLD, SSO, DDM, DXD, QID, SDS, QQXT, EPS, RWL-OLD, SPXL, SPXS, UPRO, BXUB, BXUC, TQQQ, SQQQ, UDOW, SDOW, VOO, SFLA-OLD, QQQE, SPLX, SPUU, OTPIX, RYARX, UDPIX, VFINX, PPLC, SPXUBy: Stephen Alpher, SA News Editor21 Comments
  • A lot of headlines are blaming weak data out of China - where the services PMI fell to a 17-month low - but that's pretty weak sauce for sparking a global selloff. Besides, the Shanghai Composite rose 2.25% overnight. There was also news out of North Korea, which says it successfully detonated a hydrogen bomb.
  • Oil continues to slide, with WTI crude down another $0.95 per barrel to $35.02. Brent crude touched an 11-year low of $35.11.
  • Dow and S&P 500 futures are down 1.55%, and Nasdaq 100 by 1.8%. Europe's lower by a similar amount at midday.
  • Gold is ahead $7 per ounce to $1,085 and the 10-year Treasury yield is lower by five basis points to 2.19%.
  • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX

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