I am almost becoming accustomed to these sudden down days (almost). SPX peeled off $25 to close at $2089 while RUT lost $18, closing at $1215. Volatility rose about one and a half points on the VIX, closing at 14.3%. In my opinion, the most bearish aspects of today's trading were all of the major indexes closing near their lows for the day, and on higher volume across the board. Trading in the S&P 500 stocks hit 2.2 billion shares while trading volume on the NYSE rose 15%. Trading on NASDAQ increased 22%. RUT broke the support level at $1220 set in December and reaffirmed as support last Thursday. SPX closed right at the 50 dma - but will it hold tomorrow?

The ISM services index reported at 57.8 for April, up from 56.5.

I took this opportunity to close the remaining put spreads of my June iron condor on RUT. This closes June for a gain of $103 per contract or +12.8% and brings the year to date gains for the Flying With The Condor™ service to 21%.

I will be watching closely as the market opens tomorrow to see if the mayhem continues. Or will this be another "buy the dip"?