Behind the scenes

Folks, look out. Stocks are getting a beating in general. Look to the weekly chart of stocks in the S&P500 above their 50-day moving average. We are at 41.

Another view is offered by the bullish percent indices of the different sub segments of the S&P500. This index is based on the point and figure technique and you can see that energy stocks are really diving from a cliff. Also financials are moving lower.

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