This is what IBD calls 'market under pressure', like a yellow traffic light saying to proceed with caution. Yesterday's trading was worrysome--
As Nasdaq Adds To Its Distribution
08/07/2013 06:34 PM ET - The major indexes trimmed losses Wednesday but still added to an uncomfortably rising sum of distribution in the market. The Nasdaq fell 0.3% and the S&P 500 0.4%. But the indexes were down much more early in the session and shrank their losses throughout the day. The composite was off as much as 0.9% in the first hour, while the S&P 500 had slid ... More »
--while today's futures are up and the news is more upbeat
Unexpected strength in China trade data eases some gloom
By Koh Gui Qing. BEIJING | Thu Aug 8, 2013 4:15am EDT. BEIJING (Reuters) - Surprisingly firm rebounds in China's exports and imports in July offered some hope that the world's second-largest economy might be stabilizing after more than two years of ...Europe shares higher on strong