Ugly Day For The Street

This is a broad based sell off today in all of the major stock market indexes. Traders and investors are selling off most of the recent stock market leaders. The integrated energy stocks are all declining sharply lower this afternoon as Exxon Mobil Corp. (NYSE:XOM), Chevron Corp. (NYSE:CVX), and ConocoPhillips (NYSE:COP) are trading lower by 3.00 percent.

The financial stocks are all trading lower by nearly 2.00 percent. Leading financial stocks such as Wells Fargo & Co. (NYSE:WFC), and J.P. Morgan Chase & Co. (NYSE:JPM) remain weak intra-day.

The technology sector is once again selling off across the board. The only leading tech stocks that seem to be posting gains this afternoon are F5 Networks Inc. (NASDAQ:FFIV), and Netflix Inc. (NASDAQ:NFLX).

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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