That was a pretty ugly close as the ES futs lost about 7 points in the last thirty minutes of trading- seems like the buyers are having a hard time beating back the bears the last couple of days.

The SPX closed +1, NAZ -6 and the DJIA +17.

Strongest sectors- metals, high yields, ags, banks, homies and energy while gaming, biotech, drugs and internets lagged.

VIX- up 2% at almost 26- and the highest close in a while.

The tech stocks were also sold in the last hour with XLK AMZN GOOG RIMM BIDU closing red and many others with late day sell offs.

Next week should be interesting as again we have the SPX 1K watch- I suspect we get there - but it could shake many out before we do.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home