Welcome to WallStreetPit, the leading community website for active traders seeking to profit from stocks, futures, options and forex.
Although anyone can view messages, only registered members are allowed to post messages. If this is your first visit, please take a moment to register so you can start interacting with other traders immediately.
Fed concerns, NY manifacturing slowing activities and the European court ruling, rejecting MSFT's anti-trust ruling appeal, are the main reasons into today's redish opening with Dow printing under 41 Points and Nas - 12.
Dow seems to have recouped into that initial dip printing now only 7 points in red while Naz remains above 12 point negative. the underperformance of the financial, consumer discretionary and health care sectors is a heavy weight on the broader market.
there is some selling interest, but not with a lot of conviction on part of decliners..... Dow climbed into green territory with almost 8 Points to tape while Naz is stagnant at this point with red 12 Points.
market breadth in play with both sides showing reservation and a cautious attitude ahead of tomorrow's FOMC meeting...dow under 41.29 Points Naz increasing into red territory with 23.32 rtq.