The stock market selling was broadly based on Tuesday with the down volume swamping the up volume by a seven-to-one margin. The mid-cap S&P 400 was down 1.33% with the small-cap S&P 600 losing 1.25%. Both were better than the 1.70% decline in the S&P 500, while the iShares US Home Construction index (ITB) was only down 1.08%. It closed just above last week?s recommended buying level. The Spyder Trust (SPY) has reached next support in the $205 area with the monthly projected pivot support at $201...
The stock market selling was broadly based on Tuesday with the down volume swamping the up volume by a seven-to-one margin. The mid-cap S&P 400 was down 1.33% with the small-cap S&P 600 losing 1.25%. Both were better than the 1.70% decline in the S&P 500, while the iShares US Home Construction index (ITB) was only down 1.08%. It closed just above last week?s recommended buying level. The Spyder Trust (SPY) has reached next support in the $205 area with the monthly projected pivot support at $201...
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