Monday, 15 September 2014

12pm update - major disparity

There is some serious disparity between the indexes this morning. We have the Dow fractionally higher, the sp/trans/nyse comp' moderately lower, whilst the R2K - along with the momo stocks.. getting slammed, -1.3%.


R2K, daily


*ViX holding moderate gains of 5% in the low 14s.

I'm not sure what to make of today. Certainly, we're on the weak side, but the headline indexes aren't warning of any trouble.

The only real notable weakness is in the momo stocks, which are getting whacked..

TSLA -7.3%
TWTR -4.7%

A real mess....