Another Quiet Mid-Day Trade
S&Ps are traded down to its recent low of 1131.70 on broker selling. However, there appears to be little interest in the trade right now, and the pit is very quiet.
Earlier, the market made a move above 1134 on some strength in the Dow. Sellers then stepped back into the trade.
Nasdaq traded down to a recent low below its range at 1546, but there is little interest in this trade. Keep an eye on the semiconductors, which are seeing a few upticks.
Earlier, this market traded largely in a range between 159-1548, which we are currently below. But the key word for the trade right now is “quiet.”