The Stock List: Selling Reaches Extreme Levels as S&P 500 Drops Below 1,100
When the top decliners in the S&P 500 represent sectors as diverse as semiconductors – ^MU^ – health care -^THC^ – steel – ^AKS^ – and homebuilding – ^PHM^, clearly a broad-based sell-off is underway.
One question many traders are asking themselves is whether or not we are closer to the beginning or the end of this sell-off, a sell-off that has seen stocks like ^AAPL^ sell-off for six days in a row.
But a more important question may be this: what strategies are working best right now? Where are the edges when markets are selling off as aggressively as they have been over the past several weeks and how can traders learn how to better take advantage of them?
The answer to the first question is unknowable – though in the short term it is important to recognize the severely oversold nature of the stock market as a whole. Fortunately, the answer to the second question, on the other hand, is not only very knowable, but is part of our Special to 7 Stocks section below.
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Special to 7 Stocks You Need to Know for Tuesday: Day Trading ETFs in High Volatility Markets
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Day Trading ETFs in High Volatility Markets
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Here are 7 Stocks You Need to Know for Tuesday
Scheduled to report quarterly earnings on Tuesday, ^YUM^ shares closed lower for a fourth day in a row, dropping by nearly 2%.
Want more stocks? Follow 7 Stocks You Need to Know on Twitter @Need2KnowStocks: breakouts, pullbacks, stocks, ETFs, intraday updates and more!
Shares of ^GMCR^ continue to pullback above the 200-day moving average, closing in oversold territory for a third day in a row. GMCR ended trading on Monday down well over 5%.
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David Penn is Editor in Chief of TradingMarkets.com