{+++}The day started out with a gap down. A sharp move lower brought the indices down below their recent support of the last couple sessions, but above the support of last week’s low. When they were unable to follow through to the downside, they ended up bouncing around for several hours, consolidating in what looked like bear flags for another leg lower, but in the afternoon they suddenly took off, broke through resistance, and then spiked up sharply on what appeared to be short covering.
Advance-declines were negative by 19 to 11, or a little worse than 3 to 2, on New York and by better than 3 to 2 on Nasdaq. Up/down volume was 3 to 2 negative on New York on total volume of just over 1 billion. Nasdaq traded lighter volume as well, just 1.8 billion shares, and had about a 5 to 4 volume ratio.
I’m laying off the video for a day or two until it is completely tight and wrinkle free. Lets get to same names:
