Market Recap: Mega Shark vs Giant Octopus

[youtube=http://www.youtube.com/watch?v=Fa7ck5mcd1o]

The Reformed Broker, AKA Cowboy Curtis, here with today’s Market Recap

The futures were ugly, and boy was the market in for it. Banks, REITs, insurance companies…you name it, they were red. Techs took the Nazz down over 40 points as well.

Get a load of the Advance/Decline numbers at the 3 o’clock look…wall-to-wall selling:

NYSE AMEX NASDAQ BB
Advancing Issues 531 (14%) 167 (21%) 450 (16%) 389 (31%)
Declining Issues 3,229 (85%) 581 (74%) 2,293 (81%) 545 (43%)
Unchanged Issues 50 (1%) 32 (4%) 95 (3%) 339 (27%)
Total Issues 3,810 780 2,838 1,273
New Highs 6 9 9 91
New Lows 53 27 21 437
Up Volume 1,008,203,068 (49%) 27,077,435 (3%) 78,693,155 (4%) 1,286,445,104 (59%)
Down Volume 1,051,690,420 (51%) 892,352,762 (97%) 1,716,379,444 (95%) 342,030,558 (16%)
Unchanged Volume 1,918,720 (0%) 1,195,046 (0%) 4,848,235 (0%) 563,286,954 (26%)
Total Volume 2,061,812,2081 920,625,2431 1,799,920,8341 2,191,762,6161

Sometimes the Mega Shark wins, but sometimes, the Giant Octopus does.  Today went to the Octopus.

Thanks for reading and have a great night.

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