Futures see metals soaring and stock indexes off this morning after yesterday's stock selloff (distribution count now at three for both the S&P and the NASDAQ). Just 2 reports today @ a half hour after opening: Wholesale Inventories and JOLTS - Job Openings. Someone tell me they see something different but imho we're getting lots of signs of a typical index top.
Why is the stock market tanking today? And that while my drilling stocks have improved a bit.
Just wondering, what does this mean?
“Someone tell me they see something different but imho we’re getting lots of signs of a typical index top.”
Is it time to buy energy stocks, or are things going to go lower still?