Markets continue to trade lower but as usual "off their worst levels of the day." The DJIA has already touched 12,956 and the SPX- 1,431 before this small bounce.
Sectors- Best- utils- drugs, biotech, internets and large cap growth;
Worst- China, airlines, emerging markets, homies and brokers;
VIX- touched the 27 level but has since come off a bit with the markets;
NYSE - 2,250 net losers;
NAZ- 1,860 net losers;
NDX - 15 WINNERS;
OEX -12 WINNERS;
IBD 100- 12 WINNERS;
All the sectors pretty ugly with recent winners like consumers not a hiding place today as CL DEO GE K KMB KO PG SBUX all lower while retail, tech, oils, metals all ugly.
My optimism from the earlier post is we seem a little washed out here but the close is obviously what matters. And who exactly is bullish here and now?