Sum Ting Wong

Sometimes it's just vitally important to highlight some of the financial media's best work.  Here we feature today's headlines:

So what are the key metrics to gleam from this piece?

1) Stocks are "sliding" and "extending" to the downside for multiple days.
2) They are doing so over "Fed fears"

Heavy duty stuff.  Ouch!  Rampant fears causing all sorts of downside action.  Right?

Or is it?  The graphic says something is wong with their headlines.

I'm not saying that the market is not due to tank.  I think this extended balancing action could well be a significant top.

Facts:
1) No extending to the downside as today is above yesterday's lows.
2) No sliding lower and yesterday was an up day.
3) No fears
4) No Shit

How the public puts up with this horrific, nonsensical, reporting is beyond me.

Today was a balanced grind lower to re-balance some of yesterday's weak handed long inventory we noted to most likely be laggards.

Key: Second day in a row of no upside +600 ticks and multiple -800 programs hits.  The sellers are out, but not getting much for their efforts.  Either it's a sign of them gaining control, or they will cover like babies if any buyers hit the tape.

We will see.