BB,the down volume was overhelming.
SPX S&P 500 1,216.14 Off -27.63
Advancing Issues 982
Declining Issues 1,997
Unchanged Issues 559
Advancing Volume 141,908,000
Declining Volume 540,838,000
Unchanged Volume 31,242,000
Total Volume 714,316,000
In certain stocks just there were no buyers, not that
there were a lot of seller.
IMHO many bullish day traders are getting killed.
Will see after the treasury auction how the market
will behave.
From a fundamental point of view teh news are very
positive if the statistics are correct. Productivity
up more than wages which points to stable earnings.
Therefore I anticpate a positive treasury auction as
inflation is postponed, which in turn may pop up the
stock market OOP's the Rubin Tulip Market.
BWDIK
Haim |
