More follow-through selling pressure on Thursday worked to help confirm the significance of the bearish key reversal down on the daily bar chart.

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The daily chart of the Direxion Semiconductor Bear 3X Shares ( SOXS) shows a sharp reversal Tuesday, as it was down 15.6%.

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Trade ministry figures showed output was down 1.2% in July, a steep reversal from the 0.4% rise recorded in June and way out of line with analysts expectations of a 1.7% increase.

BBC: A worker in a Japanese factory

The tactics of Yorkville Advisors have been the subject of several Forbes articles, which noted that one Yorkville fund, YA Global Investment Fund I, never had a down month from February 2001 to July 2008 until a stunning reversal saw it report a drop of 33% in 2010, most of it in the single month of December 2010, suggesting a big mark-to-market adjustment while the stock market was rising.

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The Spyder Trust ( SPY) also shows a strong reversal formation, and the E-mini futures were down another ten points after the stock market closed.

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We always look to see if any stocks or groups can go green into a big down open, and lots of green popped up showing market could stage a nice reversal like we saw Friday afternoon.

FORBES: Market Shrugging Off Jobs Number

In a reversal of priorities, the two countries are giving more attention to their security relationship and are playing down trade disputes.

CNN: SUMMITS