The buyers in the stock market are much more aggressive Friday than sellers were during the market's tumble earlier this week. The NYSE Arms Index, which is a volume-weighted measure of breadth, fell to 0.523. About 77% of NYSE were trading higher, but the volume in advancing stocks represented about 88% of total volume. Meanwhile, current Arms readings suggests buyers are behaving like they are panicking, but aggressively rushing into advancing stocks. Read the full story: Stock buyers were much more aggressive than sellers earlier in the week
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On Friday, The New York Times reported that Trump told Russian officials he had fired Comey in order to ease the pressure of the ongoing probe. The ongoing probe into ties between Russia and the Trump campaign has reportedly identified a current White House official as "a significant person of interest," The Washington Post reports. Read the full scoop at The Washington Post. The White House also has acknowledged that Kushner met with [Sergey] Kislyak, the Russian ambassador to the U.S., in late November. "Current administration officials who have acknowledged contacts with Russian officials include Trump son-in-law Jared Kushner, as well as Cabinet members Attorney General Jeff Sessions and Secretary of State Rex Tillerson," the Post writes.
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Stock market selling is broad based but nowhere near panic levels
Selling in the stock market is broadly based and heavy, but market internals show no signs of panic, which suggests investors are not yet worried about a lasting decline. And volume of declining stocks is 78.8% of total volume o the Big Board and 85.7% of the total on the Nasdaq. But at current readings, the Arms Indexes suggest the selling is still calm and collected. The number of declining stocks are outnumbering advancers by a 2,236-to-584 margin on the NYSE and by a 2,159 to 367 score on the Nasdaq. Many who follow the Arms believe a rise above 2.000 implies panic selling, or capitulation by bulls, which could suggest a bounce would be coming.On Friday, The New York Times reported that Trump told Russian officials he had fired Comey in order to ease the pressure of the ongoing probe. The ongoing probe into ties between Russia and the Trump campaign has reportedly identified a current White House official as "a significant person of interest," The Washington Post reports. Read the full scoop at The Washington Post. The White House also has acknowledged that Kushner met with [Sergey] Kislyak, the Russian ambassador to the U.S., in late November. "Current administration officials who have acknowledged contacts with Russian officials include Trump son-in-law Jared Kushner, as well as Cabinet members Attorney General Jeff Sessions and Secretary of State Rex Tillerson," the Post writes.
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collected by :Jack Luxor
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