Stocks made a serious attempt to rally off that deep low from yesterday.

And for the first half of the day, they were doing fairly well.

But alas, a rally was not meant to be, and in the afternoon the stock rally failed impressively.

Gold and silver also attempted to rally off their oversold condition, but they too could not hold their gains, although gold did finish a bit higher.

The VIX rose.

The Dollar edged higher into the 114 handle.

In news after the bell, sixteen Banks were fined $1.1 Billion for failing to maintain records of communications between their employees.  

The usual excuses were being made, yada yada. But collusion between employees to break the law is a commonplace temptation that requires the Banks to maintain records of those communications.

Stocks are at a 'must hold' point here on the charts, and a further decline from here may destabilize things further.

Needless to say, the markets are one event away from a panic.  

But that's how it is when journeying through experiments in lawlessness.

Have a pleasant evening.

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