The stock market endured a volatile session on Tuesday with investors keeping one eye on the oil market and one on the dollar/ruble exchange rate. The Russell 2000 (-0.1%) registered the slimmest decline while the S&P 500 settled lower by 0.9% after failing to hold its 100-day (1988) and 50-day moving averages (2001).
The market had a very bullish move starting at about 10.30 that lasted until about 11:30. At that point the market rolled over hard for the rest of the day with all of the major averages closing on the lows.
The way in which we rolled over was quite bearish, but as we know know already, this market has been quite volatile evidenced by big intraday moves. Tomorrow we could be up 200 points.
Many stocks are getting hammered here. NFLX, TSLA, CAT, NAV, AMZN, GOOG and many others.
