Where The S&P Is Now…
Stocks are continuing to fall today
with
investors showing little interest in stocks, ahead of the holiday weekend.
Early gains from profit taking were quickly replaced with lower
markets. The S&P 500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating) is now below the 950 support level, making
an intraday low at 934.87. Volume is light, which is due to the holiday. Friday
the markets will be open half day.
In late-morning trading, the Dow Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating)
was lower in the first half of trade, after dropping 102.04 points on Tuesday. The
Nasdaq Composite
(
$COMPQ |
Quote |
Chart |
News |
PowerRating) is negative, after falling 45.98 points
in the previous session.
Kevin Haggerty’s “Views From The Trading Desk”
is insightful as always. Click Here for Kevin’s article.
ConAgra Foods
(
CAG |
Quote |
Chart |
News |
PowerRating) is pulling back from
its recent high. CAG is carrying a
3-month relative strength rank of 89 from TradingMarkets.com.
Big Lots, Inc.
(
BLI |
Quote |
Chart |
News |
PowerRating) is pulling back from
its recent high. BLI is holding a
3-month relative strength rank of 95 from TradingMarkets.com.
Scholastic Corp.
(
SCHL |
Quote |
Chart |
News |
PowerRating) appears to be
falling out of a counter trend rally. SCHL is carrying a
3-month relative strength rank of 7 with a downtrending ADX of 47 from
TradingMarkets.com.
ATT Canada
(
ATTC |
Quote |
Chart |
News |
PowerRating) is pulling back to the
20-day moving average. ATTC is carrying a
3-month relative strength rank of 82 from TradingMarkets.com.
NASDAQ Breadth: 2002-07-03 12:28:25
Adv: 981 / Dec: 2205 Net: -1224
UpVol: 8357104 / DnVol: 3865172 Net: +4491932
Breadth: 2002-07-03 12:28:25
Adv: 813 / Dec: 2302 Net: -1489
UpVol: 20851087 / DnVol: 55434000 Net: -34582913