One short at 13:08, filled at 2576.75;



Stopped out in fairly short order for a 2.5 point loss, got skinned half a point of slippage on the exit.  The Richmond Fed Manufacturing Index for July came in at -17 against expectations of 0.  

A big drop to a low not seen since 23rd September 2008, 8 days after the collapse of Lehman brothers...;


Richmond Fed Manufacturing Index 


Doesn't bode well, this should sharpen the market's acuity and focus on upcoming data in the coming days/weeks.


What is interesting is how markets seem to "pull together" sometimes at turns, almost as if the correlations between the markets peak out closer to 1 then fall off following the turn...;


The turn here is 2 mins after the open.weeks.