As of this writing the major indices are off around 2 percent each. I don’t like that word indices, how come some people just say indexes? I’m going to go indexes from now on exclusively.
Anyway…
This follows a week in which the S&P’s momentum ground to a halt, the closes of last Tuesday and Friday were all within 4 points of each other. On the surface that may have looked like complacency but beneath the surface, many of the market’s leaders were being whacked, one by one. I pointed this out last week in my post Leaderless (from Friday).
Anyway, let’s have a look at where the damage is today by sector, you’ll be unsurprised to see that the frothiest cyclical plays (materials and industrials) are taking it the hardest:

The close will be meaningful, and don’t forget that we are getting into the heart of earnings season.
… [Trackback]
[…] Info to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Here you can find 71166 additional Info to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Read More Information here on that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Info to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Here you can find 82411 additional Information to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] There you can find 897 more Info to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Find More on to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Read More Information here on that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Read More Information here to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Find More to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] There you will find 40999 additional Info to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2011/04/18/shakeout/ […]