An Ominous Deadline
The market has been sending warning signals lately and now it looks like the dip-buyers may be losing their zeal. We have had only feeble bounce attempts after the big gap-down open. I don't think we've seen that sort of action all year. Typically, there is an aggressive bounce attempt very quickly.
Another thing that is notable this morning is that breadth is at the worst level of the year and is better than 10 to 1 negative on the NYSE. The big-caps are not providing a smoke screen either, with selling hitting IBM (IBM), Apple (AAPL) and other recent outperformers....148 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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