Investor Sentiment Check

The market remains under heavy selling pressure as we approach mid-session. The NDX is down -1.3%, and the semis, retailers, and industrials are also all down more than 1%.

Measures of investor sentiment are slightly elevated, though not dramatically.

• The volatility indexes (VIX/VXN) are spiking +6%
• The ARMS Index is at above-average levels (1.20)
• The CBOE put/call is slightly elevated, at 0.92
• The ISEE is around average levels (147)

The market is still trying to find some sort of intraday bottom. I am looking for stocks to trim some of their losses into the close.