Market volatility has picked up this week. Monday was a strong day as the media labeled it a "post-debate", Hilary Clinton rally. That was short lived though as Tuesday spent the whole day giving back all of Monday's gains and then some. The S&P 500 (SPY  ) is now down on the week as selling persists into Wednesday's open. The decline on Tuesday for the SPY has now broken a short term support area that technical traders like to look at. This seems to have added to the selling pressure and volume.

The Nasdaq 100 (QQQ  ) continues to be the stronger market. Although it too is also down on the week, it still remains near its all time high set just this Monday. The Nasdaq has not been able to fight off the selling pressure from Tuesday but traders continue to look for strength in the tech heavy index.

Gold (GLD  ) is one of the focus sectors again this week as it continues to hover near its 3 week low with no immediate signs of bouncing. This pressure has taken the Gold Miners (GDX  ) along for the ride, showing almost a 20% loss in the last few weeks.

Bonds (TLT  ) also remain a top focus for traders in the short term as they too have fallen to the sellers. A 9 day push lower has temporarily scared away the bulls as they regroup. Technical traders will note the support around $132, but so far have shown no signs of interest in buying that support.

Oil (USO  ) had been in a consistent, and slow uptrend for a few weeks, but seems to be taking a break this week so far. Performance is slightly in the red, but we should note that the selling pressure has been light up to this point, indicating only some minor profit taking.