Equity markets are lower this morning but well off their worst levels - and the SPX did tag 1199.2 yesterday - so curious to see if they can bring them back and head over the 1200 level- currently SPX -4, NAZ -3 and the DJIA -8.
Strongest sectors include - gaming, real estate, junk, nat gas, homies and semis while metals, oil service, airlines, banks and energy lag.
NYSE- 920 net losers;
NAZ- 600 net losers;
SPX - 160 up and 330 down;
NDX- 42 GREEN;
VIX- higher by 6% at 16.55 and a hair under the SMA 10.
TRIN- .62 with down volume slightly higher than up;
Gold down .5% at 1150.
Dollar up a hair at 80.72.
RSI 2 levels all over the board on the major indexes:
So apparently energy dragging the SPX down a bit while semis and tech are outperforming and causing the NAZ/NDX to be the winner to the upside.
Still long SMH BMY SNY GGP MGM - for short term trades - and hoping for lower prices to add.