Lots of Selling in The Others, While Sentiment Sinks
The number of stocks setting new lows rises on the Nasdaq, while skyrocketing on the NYSE. Investors aren’t panicked, but they are showing concern.
The number of stocks setting new lows rises on the Nasdaq, while skyrocketing on the NYSE. Investors aren’t panicked, but they are showing concern.
Most stocks aren’t acting as well as the averages. But a break of the Nasdaq could be the thing to get stocks out of their slump.
Because it would help set the indicators up for a more reliable rally.
We got the bounce I expected, but a change in sentiment has me rethinking the next move.
I’ve been expecting a little oversold rally, but not with this level of concern.
If you came into the month banking on a higher July, you are surely disappointed right now.
XBI seems to be heading toward support and a bounce would be a good chance to do some selling.
Is it still the semis’ world that we’re living in or will the market show some real fear?
Do we bounce early and then go down again or do we just slide? That will tell traders a lot.
The semis are wobbling and everyone is talking about Korea. No wonder we’re starting to see some concern. Just don’t call it panic.