UPDATE: A measure of stock-market panic is at its highest in 8 weeks as Wall Street's downturn gathers Today 4:13 PM ET (MarketWatch) A selloff in Monday afternoon trade reached levels not seen since early February by one measure. The Arms index is was at its highest since on the NYSE briefly hitting above 2.6, approaching its highest level since Feb. 5, when the markets saw another sharp descent, according to FactSet data. The Arms index is a volume-weighted measure of market breadth, that tends to rise when the broader market falls, as the intensity of the selling in declining stocks is usually greater than the intensity of buying in rising stocks, was at 2.621 on the NYSE. It last traded at 2.516. Levels above 2.000 are considered panicky. The Dow Jones Industrial Average ended off its lows, but still booked a loss of about 460 points, or 1.9%, at 23,644 in Monday afternoon trade. The S&P 500 index ended off 2.2% at 2,581, below its 200-day moving average, while the Nasdaq Composite Index turned negative for the year and for the session, off 3.2% at 6,836. The number of advancing stocks on the NYSE outnumbered d ecliners 2,378 to 567, or by around a 4.2-to-1 margin. -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
Sometime this year unless we take out the Feb low with volume and stay under it. For now I'm targeting 2620's on swing longs. Without a break under Feb lows, upside objectives are 2620's, 2708's and 2850's
All indexes failing, support being broken in every which direction, bull market is finally fading away after nearly a decade. Most won't know what to do since they are only used to strong bull markets. Stocks broke key level in sell-off that signals potential for bigger correction An ugly sell-off Monday signals more pain ahead for the market as stocks broke key technical levels. The S&P 500 closed below its 200-day moving average for the first time since June 2016. But strategists say while the reasons for a sell-off are piling up, the market could change focus in coming weeks to a very strong earnings season. Meanwhile, the February lows, at around 2,530, could be the next test for the S&P 500, which broke its important 200-day moving average.
You guys seem to be talking about a "bear" market? What does that even mean??? Like, a temporary pullback?