Futures down sharply as yesterday's drop continues:
Uptrend Faces Selling Pressure As Nasdaq Notches 6th Distribution Day
08/06/2013 06:53 PM ET - Homebuilding, gold mining, biotech and a few stocks within the vast retail sector got smacked Tuesday as the market declined broadly in higher volume. The Nasdaq fell 0.7% its largest decline since a 1.1% drop on June 24 as volume picked up nearly 5%. On the NYSE, turnover intensified at a greater pace, up 23%, as the S&P 500 lost 0.6%. ... More »
An aging rally is looking like it may be replaced by a correction.
sorry about the repost —that’s the last time I press the ‘resend’ button w/o checking the pings.
One word: Bearnado. That was on Fast Money last night.
http://edge.media-server.com/m/p/4ga65tna/lan/en
I love this this thread but have been so busy that I have not have live-time input as of late, but would hope to contribute more in the days ahead.