Dada Nexus Ltd. (DADA)

0.03 0.13
NASDAQ : Technology Services
Prev Close 23.13
Open 22.70
Day Low/High 22.54 / 23.34
52 Wk Low/High 17.57 / 61.27
Volume 365.57K
Avg Volume 2.21M
Exchange NASDAQ
Shares Outstanding 222.23M
Market Cap 5.84B
EPS -1.60
Div & Yield N.A. (N.A)

This action tells us much more about the health and sentiment of this market than the S&P 500 which is trading flat.

What's most notable today are the pockets of strong speculative action.

The primary focus is on trying to put more cash to work.

There's some frothy action out there but that's being overcome by the strong momentum.

This has been a narrow market, driven by some big-cap technology names and now the most severe corrective action is in those same names.