This Correction Could Gain Some Traction

Extremely chaotic market action continues this morning, but it is primarily a reversal of what occurred during the half-day session on Monday. The Nasdaq 100 ETF (QQQ) big-cap names are leading while small-caps, financials and the S&P 500 lag. Breadth is still positive, but there are very few, if any, pockets of momentum.

Most notable this morning is weakness in Tesla Inc. (TSLA) , while a few names such as Nvidia Corp. (NVDA) and Facebook Inc. (FB) try hard to bounce. If QQQ goes red again today, it is going to cause some additional worry. It already is oversold and the inability to bounce is a change that many market players will find disturbing....134 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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