I had some problems with the chart today, so it took me longer than usual to get it, but it does show us something of interest here: a retest of the prior low at 1340, which may now be our new support level. We did have some heavier volume on yesterday's down slope, and I would suspect some of the big money was getting out, but not enough to set in a panic. Instead, we are getting a fairly strong bounce today, and may be looking for a retest of 1356. The sectors are all bunched together pretty closely, but right now the leaders are XLI and XLB, with XLY bringing up the rear, but they are all so close together that will likely change. The Nasdaq has a slight lead, but the Russell 2000, which had been lagging, has a big lead. I have oil and gold down, treasury yields up.
I have 99 new highs currently, with breakouts in AAP, CLUB, GNC, HOS, DDIC, MYE, CLR, and ASPS. From last nightr I have reports from CF, down 2%, EQIX, up 4.5%, and KS, up 2.4%. Reporting this morning is HOS, up 4.6%. I have MGM scheduled but they have not reported.
EDIT: I had DDIC scheduled tonight, but they reported last night and are up 8.1%.
