Distribution Days Pile Up To End September

September was an ugly month for the stock market.  The S&P 500 recorded 10 distribution days, and the Nasdaq recorded 8 distribution days.  The selling picked up at the end of the month too on even heavier volume.  The arrows shown below mark distribution days in the market.

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Small cap stocks are also continuing to look bad with heavy selling in the Russell 2000 (IWM).  And the dollar continues to surge which is a sign of risk off in the markets.  I would look for October to potentially be a bad month for the markets if September is a forewarning.

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