The volume remains abysmal. It’s options expiration week and this market is having major trouble sustaining itself, let alone reaching new highs. There is selling into the up-bids, very decent selling on some Dow components. We’ll have to see what kind of candles are left on the charts after this afternoon’s reversals on the indices. Agilent (A) reported good headline numbers, but I haven’t dissected the earnings yet. See you later this evening!
MARKET INTERNALS UPDATE AT 3:30PMET
- NYSE volume 900M shares, about 30% below its six-month average; advancers lead decliners by 1.7:1.
- NASDAQ volume 1.72B shares, about 4% below its six-month average; advancers lead decliners by 1.1:1.
