More selling hit Wall Street as sellers continue to dominate the tape. Industrials, materials, and transportation stocks continue to remain weak as these sectors continue to signal weakness in the tangible economy. The NASDAQ led the major market indexes lower with the Russell 2000 not too far behind. Shanghai composite was hit hard by selling during its Monday session. The selling continues during its Tuesday session. At the close the market did hit short-term oversold conditions and a bounce for a day or two is not out of the realm of possibilities. Stay tuned!
Travel schedules are wrapping up. Looks for a deal this week. We are entering a historically weak part of the calendar. Execution of a sound risk management process is paramount.
