Boy, did I ever mush that rally attempt. No sooner did I post about the intra-day turnaround than the markets completely rolled over to close near their lows. What a jinx I am.
Volume rose slightly on the NYSE, qualifying as a distribution day for the S&P 500. Chip stocks sold off the hardest (XLNX warning), followed by housing stocks and energy. As for investor sentiment, the VXO rose today and the put/call closed above 1.0. I am considering buying some ETF longs for a trading bounce.