Dip Buyers Haven't Reported for Duty

Unlike yesterday, the dip buyers are in no hurry to go to work this morning. The primary difference is that there isn't any specific news catalyst to serve as a trigger. As I commented yesterday, the way the market operates now, there isn't any big reaction to news. The program trading focuses on reacting to any reaction. When we have a selloff on news about North Korea, that triggers the "buy the dip" algorithms.

This morning, since there isn't any specific news, the typical buy programs don't operate in the same way. There isn't anything to trigger a reversal, so the selling continues and there is a drip lower....193 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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