Monday Morning Update
Well, this is quite unpleasant: over a week’s worth of gains gone in minutes. The 10 day low is down near 1326, but as best as I can see here, it looks like we might get support just above there, at 1335. I don’t know what triggered this sell-off, but volume is very high: I suspect that the Euro took a dive last night. Among the sectors, the leaders (those getting creamed less) are XLU and XLP, lagging badly are XLB, XLE, and XLK. The Nasdaq and Russell 2000 are both lagging. I have oil and gold down, treasury yields down big.
I have only 13 new highs so far, with one non acquisition breakout, GY. I have CAP and VLTR scheduled today, they will both be reporting after the close.
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