Reply #63: 2:05 update and I've gotta run! Is that the old invisible hand we're

[54anickel]

seeing in the Nasdaq today?

Dow 10,334.16 -75.94 (-0.73%)
Nasdaq 1,971.81 -28.06 (-1.40%)
S&P 500 1,125.74 -10.73 (-0.94%)
10-yr Bond 4.852% +0.061
30-yr Bond 5.514% +0.049


2:00PM: The Nasdaq again successfully tested its 200-day simple moving average at 1967.7; setting new session lows at 1968.39, while finding support for the broader market...The major indices are vacillating near their respective session lows, as the Nasdaq continues to spearhead the decline...Losing roughly 1.5%, the Nasdaq is underperforming its blue-chip counterparts on a relative basis, while the S&P and Dow shed a more modest 1.0% and 0.8%, respectively...The 10-year note is just off its worst levels of the day as yields reached as high as 4.85% and are poised for a push higher...NYSE Adv/Dec 598/2681, Nasdaq Adv/Dec 810/2264

1:30PM: After gapping lower on the open, the major indices have been struggling unsuccessfully to find support...The mid-day uptick initiated in the past hour is showing signs of weakness, as the Nasdaq again toys with new session lows as it leads the session's declines...While there is virtually no leadership to the upside, the list of laggards continues to include influential semiconductors, gold & silver, retail, communication equipment and homebuilding...Advance/declines are roughly 1-to-4 on the NYSE and 1-to-3 on the Nasdaq...NYSE Adv/Dec 642/2626, Nasdaq Adv/Dec 838/2222