THE CLOSE
Another wacky day as the markets close lower after rallying in the final hour - big swings the mood of the day.
Sector strength in internets, gaming, steel, tech and ags while banks, financials, brokers, homies and metals lagged.
VIX closes up 4% near the 25.75 line and over bought;
Down volume 2X the up;
Haven't put on the long yet but tomorrow looks like the day as Turnaround Tuesday sounds right and if oil can continue lower the market may rally nicely.
posted by DAVID at
4:01 PM
2 Comments:
This was an absolutely bizzare day. Was someone trying to manipulate the market... Where did the spike in the afternoon come from?
JWC
JWC:
Looked to me like margin clerk selling into the 230/300 hour and then the sellers dissappreared and the buyers came- check those green bars on the NQ-
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