Technical Breakdown
NYSE Breadth: 83.2% Downside Volume (!)
NASDAQ Breadth: 71.5% Downside Volume
Not a good day for the bulls. That’s all I can say about that.
We have talked about energy and financial stocks being the recent leaders, but we’re losing the leadership from the latter as investment banks are seeing a sell-the-news reaction to earnings.
We’r…
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