Insights From The New-Low List

As suggested by the technical evidence after Monday's close, stocks got hammered on Tuesday with very negative market internals as the ARMs Index closed at 2.47, reflecting heavy selling pressure. Asian markets were also weak as many were down well over 1%. Similar losses in early European trading but the US stock index futures are up slightly in early trading. The next major support for the S&P 500 is in the 1600-1610 area, which is the next potential downside target. It would take a powerful u...