There are lots of sell on the close orders. They paired off with buy orders rather nicely, but there are more sell orders hitting. The market did rebound to start the last hour, moving up from new session lows hit just before the last hour, but that is being reversed. You could see some big moves at the close as big funds adjust their portfolios.
SP500 -13.23, -0.59%
NASDAQ -53.13, -0.98%
DJ30, -83.52, -0.41%
SP400 -0.41%
RUTX -0.42%
SOX -1.64%
AAPL: It is speculated, again, that it will cut iPhone production in early 2017 based upon data from AAPL suppliers.
No more news to report as interesting as the Chicago PMI in the last alert. Trump of course tweeted again, something about Putin being smart for delaying any possible counter moves to the US hacking response. See, all is normal.
As for positions, there are some still struggling. Would prefer to leave them to work, but going to close CENX and take the loss to offset some gains. Others are holding up so we plan on keeping them.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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