Markets are trading lower after flipping from green on the heels of the worse than expected consumer confidence number.
The SPX -7, NAZ -9 and the DJIA -41.
Strong sectors include defense, bonds, metals, biotech and tech while energy, gaming, trannies and real estate lag.
NYSE- 900 net losers;
NAZ- 500 net losers;
NDX- 35 GREEN;
SPX 130 GREEN;
VIX - higher by 4% at 25.28.
TRIN .75 with down volume only a bit more than up;
The SPX trading at its lowest point since last Thursday and my guess is they come in later today and buy them again- seems all the dips now get bought and have to go with what is working of late- and that is it.
RSI 2- on the SPX down at 50 which is also lower than it has been in quite a while.