Get started

Nyad

Bifurcated marketsSPY lost -0.6% on Thursday. DJIA lost 1.4%. And IWM lost -2%. But Nasdaq gained +0.5% on the heels of tech heavy institutional darlings. Earlier in the day SPY had lost -60 handles, but recouped some losses by day's end. Today's overall weakness is shown by declining issues over advancing issues by a 3:1 margin at the NYSE and a 2:1 margin at the Nasdaq. ES futures are red by -10.25 handles as of now. NY Advance/Decline issues are sloping down and just perched above 50% level. Nasdaq and NY Mcmillan oscillators RSI's are below 50% suggesting declining markets ahead. But still the broad 300-320 range holds on SPY. Only a trader's market at present.
AMEX:SPY
by insyyte