Market Commentary

If anything, today’s market activity showed us that the bears are willing and able to impose their will upon the equity markets and are far from ceding control to the bulls. However the successive series of lower intraday highs and higher intraday lows suggest that a showdown is not far off.

Market breadth for the SP-500 components was negative with 114 advancers vs. 3 unchanged and 383 decliners. 64 of the benchmark index’s stocks hit new 5 day highs vs. 95 new 5 day lows, in addition to 37 new 52-week highs and 19 new 52-week lows.

Stock price increases on surging volume

• Google Inc Class A (GOOGL) @ 690.30 (+4.10%) on 158% volume surge
• GOOG Inc (GOOG) @ 660.78 (+4.27%) on 149% volume surge
• Sysco Corp (SYY) @ 37.97 (+1.01%) on 121% volume surge
• WEC Energy Group Inc (WEC) @ 50.49 (+1.51%) on 114% volume surge
• Marathon Petroleum Corp  (MPC) @ 55.86 (+4.88%) on 57% volume surge

Stock price declines on surging volume

• Symantec Corp (SYMC) @ 21.34 (-6.85%) on 256% volume surge
• Fossil Inc  (FOSL) @ 62.11 (-3.74%) on 253% volume surge
• Yum Brands Inc (YUM) @ 83.54 (-4.87%) on 170% volume surge
• Freeport-McMoran Inc  (FCX) @ 10.22 (-12.27%) on 123% volume surge

Market Summary

Market Moving Events

Bullish Events

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Bearish Events

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Neutral Events

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