There wasn't much economic news today, but that didn't stop the market from sliding further down. SPX lost $9 to close at $1433 while RUT closed down $1 at $827. Trading volume was largely unchanged with 2.4 billion shares of the S&P 500 trading. Trading volume increased 1% on the NYSE and increased 9% on NASDAQ. RUT traded down to touch its 50 dma at $825 but then bounced. SPX is nearing its 50 dma at $1426, but held support at $1430 today. Interestingly, the VIX closed unchanged on the day at 16.3%. Does that suggest the downward trend of the past three sessions is bottoming out? At a minimum, it indicates the big players are not buying a lot of protection.

The FOMC's Beige Book came out in the afternoon, but it didn't move the markets - no surprises: The economy is slowly recovering; some areas are better and some are worse, blah, blah, blah.

My October iron condor stands at a P/L of -$320 with delta = +$103 and theta = +$161. The November position is up $1,100 with delta = +$35 and theta = +$52.