Daily Market Commentary: Selling Intensifies
After a series of relatively tight trading days, today opened up with a clear swing to sellers. Volume climbed to register distribution, but markets are really feeling for support following recent breakouts. Weakest was the Russell 2000. It registered over an 1% loss as the measured pullback gave way to more active selling. Tomorrow will see how valued 1,180-1,182 support is for the index. The CCI experienced an advance 'sell' signal.