The Dow and SPX have inched back into positive territory as of this post. The broker index (XBD) is the only sector with gains on the day, while chip stocks are still off by more than 1.0%.
Other groups are mixed, in terms of winners and losers. The put/call ratio is running at 0.82, and the VXO is slightly higher (12.47). I'd say it's a coin toss in terms of more buying and short covering into the close.
Here is a partial list of stocks moving on above-average volume:
- High volume advancers: WC, PRAA, GMXR, THE, CRDN, RMD, CASY, FRK, CMCO, GMRK
- High volume decliners: IPCR, CMX, NTES, BF, CIB, JBL, RGS, BG, CSG, GEHL
GOOG and GS are both hanging in there. I am using these two stocks as my "tells" today to guage the tone of the market. See you after the close.