Taken out behind the wood shed is an understatement for today's stock market.

In this episode of common sense market analysis we'll review what happened, the surrounding markets from a technical and chart perspective and where we're likely headed next.

The bond market continues to rise higher pushing yields lower. Stocks are falling and all of a sudden, bad news is bad news again...

We'll look at the IWM which is the small cap index as well as the transportation and financial sectors. These are generally solid leading indicators for what the S&P500 will do next.

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