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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.
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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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