Reply #108: 3:13 EST Faeries drunk - exits getting crowded

[UpInArms]

Dow 10,965.32 -40.42 (-0.37%)
Nasdaq 2,253.36 -14.10 (-0.62%)
S&P 500 1,272.71 -5.76 (-0.45%)
10-Yr Bond 4.732 -0.02 (-0.04%)

NYSE Volume 1,714,402,000
Nasdaq Volume 1,620,524,000

3:00 pm : The recent upward attempt was short-lived. Each of the indices have sunk back near session-lows. The market lacks leadership, and it is pressured by declines in six sectors. Two others, Industrials and Materials, are sitting on the flat line. The Telecommunication sector is continuing its year-to-date outperformance, but its gain today (+0.4%) is modest. Moreover, the sector accounts for just 3.0% of the S&P 500, and is having little effect on the broader market. Consumer Staples (+0.2%) remains a bright spot, as defensive areas of the market continue to attract investors, but its gain is similarly modest and muted.DJ30 -22.49 NASDAQ -8.68 SP500 -3.17 NASDAQ Dec/Adv/Vol 1639/1340/1.59 bln NYSE Dec/Adv/Vol 1567/1615/1.11 bln