market sentiment

The selling accelerated once the opening low was breached and breadth hit about 3 to 1 negative.
I am going to tell you how this sell-off works and why it is not as special as it seems.
The market has wanted to sell-off for a while and finally it is doing it.
Take a pass on stocks like Kimberly-Clark or Pfizer that are bucking Wednesday's sell-off and going higher.
We are in one of the slowest times of the year and there just isn't much of an appetite for aggressively buying weakness.
We're hunting for when the number of stocks making new lows contracts and on Tuesday we saw a minor contraction.
It is healthy for stocks to go through a consolidation period when they don't do much.
The bounce this morning is producing a sigh of relief, but this is going to remain a difficult trading market.
I don't have the answer whether or not Turkey's situation will end up in a contagion.
Poor seasonality combined with bad news and the failure of dip buying make for a poor market environment.

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