Market Commentary

If anything, today's market activity showed us that the bears are willing and able to impose their will upon the equity markets and are far from ceding control to the bulls. However the successive series of lower intraday highs and higher intraday lows suggest that a showdown is not far off.

Market breadth for the SP-500 components was negative with 114 advancers vs. 3 unchanged and 383 decliners. 64 of the benchmark index's stocks hit new 5 day highs vs. 95 new 5 day lows, in addition to 37 new 52-week highs and 19 new 52-week lows.

Stock price increases on surging volume

Stock price declines on surging volume

Market Summary

Market Moving Events

Bullish Events

Bearish Events

Neutral Events