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Clues Emerging From Today’s Stock Market Sell-Off – Midday Commentary
Today’s stock market sell-off midway through the day is somewhat surprising given the strength we saw on Thursday. But the S&P 500 is now trading below last week’s lows and about 40 points from the lows of early February. I have no idea which way the market goes at this point; every rally attempt has been treated as an opportunity for sellers to get out. But there are few hints for now, that I see which are positives take ways.
Facebook shares are still well above the lows from the last week.
Nvidia shares are still above support at $219.
Netflix is hanging above $273 as well.
Apple is also trying to hang on.
The vix is staying below 25.
We’ll see where things settle out at the end of the day.
Michael Kramer and Clients of Mott Capital own shares of NFLX
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