THE GAP FILLS
Markets were flying but have since fallen back to earth and closed the morning gap- and the strongest area - NDX/NAZ and tech is leading the way down- SPX -1.5, NAZ -13 and DJIA +1.
Strongest sectors- energy, ags, telecom and drugs while real estate, biotech, small caps and brokers lag.
NYSE- 400 net losers;
NAZ- 800 net losers;
SPX - 167 green;
NDX- 15 GREEN;
VIX - up a hair at 28.75;
Market getting worse as I type - and just wondering if this is it for the bulls or will they show like they always seem to before the session ends.
Bought some TBT this morning and looking to dive back into some SSO as just about everyone is finding some reason why the short side is the place to be.