Down day across the board on good volume. Both NYSE and Nasdaq total volume increased over yesterday, though not by much more than 2-3%.
Market internals were very bearish on both markets for most of the day, with a slight uptick during the lunchtime period. When market participants returned from lunch they set about taking us back down.
Both SPX and INDU closed near their lows and the Nasdaq did not fair a lot better. Of all the sectors I watch only Gold and Retail were green on the day.
Todays action would suggest further downside tomorrow and it will be interesting to see how the market reacts during any pullback