The markets remain under pressure, and have not really mounted any rallies today.
Investor sentiment is skeptical again, with the ARMS Index just hitting 1.20, the CBOE put/call at 1.01, and the ISEE Index depressed at 81.
As long as sentiment remains this bearish, I think the rally can continue, albeit it in fits and starts. When investor sentiment begins to flash more signs of optimism, then it will likely be time to take cover again.
Tech stocks are mixed, infra and ag are up, and the rest of the market is basically lower.
Here is today's list of stocks making moves on above-average volume:
- STRA, SPWR, BIDU, EDU, TBSI, CHU, LII, OMTR, DEO