Financials have been an early laggard....
Here financials in red are losing momentum vs the SPX... Financials have been hovering around .30% on the day, the other notable laggard is the Russell 2000 at .21% on the day (below).
Financials intraday...
A sharp move down over the last 5-10 minutes...
On the 5 min chart Financials still have that same look they had on the 9th before the market dropped the next day on the 10th.
The NYSE TICK chart is pretty much in line with Financials and the market, although very flat and yet to break a +1000 reading which has been the norm nearly every day (1250-1500 being regular readings as well), right now the TICK is almost even suggesting there's near balance between the number of stocks ticking up vs ticking down.
The NYSE TICK chart is pretty much in line with Financials and the market, although very flat and yet to break a +1000 reading which has been the norm nearly every day (1250-1500 being regular readings as well), right now the TICK is almost even suggesting there's near balance between the number of stocks ticking up vs ticking down.
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