SHOCKING NEWS
Contrary to every other day in what seems forever, the markets are lower and perhaps there will even be another day when the markets close lower.
Weighing on the markets seems to be the fact that oil prices are not plunging but are up a few pennies. Oil stocks are generally higher with OIH and XLE both +1%.
Sector leaders besides oil includes, GOOG AMGN GS EBAY internets and metals. Leading lower are semis, trannies, airlines, cyclicals, consumers and small caps.
Market internals are slightly bearish with about 900 more issues lower than higher.
Volatility indexes are barely off the floor as the VIX/VXO tandem trade between 10.5 and 12.
The DJIA front finds MCD BA XOM higher with HPQ GM IBM and WMT lower; 13 up 17 down.
No clue as to direction but a selloff after the recent run should not surprise anyone.
Weighing on the markets seems to be the fact that oil prices are not plunging but are up a few pennies. Oil stocks are generally higher with OIH and XLE both +1%.
Sector leaders besides oil includes, GOOG AMGN GS EBAY internets and metals. Leading lower are semis, trannies, airlines, cyclicals, consumers and small caps.
Market internals are slightly bearish with about 900 more issues lower than higher.
Volatility indexes are barely off the floor as the VIX/VXO tandem trade between 10.5 and 12.
The DJIA front finds MCD BA XOM higher with HPQ GM IBM and WMT lower; 13 up 17 down.
No clue as to direction but a selloff after the recent run should not surprise anyone.
posted by DAVID at
10:23 AM
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