Indecisive for most of the day, market finally made a break for it to the downside. Nice to see traders coming back from their summer vacation as indicated by the two strong days of volume we have had so far in September. Something we haven’t seen in quite some time, that in terms of actual losses, yesterday and today, has been somewhat benign despite there being a large number of news pieces out there (even though yesterday saw a large sell-off after sitting on some pretty hefty gains). Nasdaq is looking oversold, and the S&P can’t figure out where it’s heading.
Here’s the Nasdaq and S&P charts…
