Market Alert - Afternoon Session

Stocks were already sluggish, but about 20 minutes back reports started to circulate that the Senate was going to delay a vote on the Senate healthcare bill until after the July 4 break. When will they learn that if they are serious they should just repeal it in toto and have a replacement package, negotiated by all, ready to go. I know, wasting my breath. Work together? Congress? Oh, that is a good one.

SP500 -10.91, -0.45%
NADAQ -70.54, -1.13%
DJ30 -44.47, -0.21%
SP400 -0.40%
RUTX -0.37%
SOX -1.98%

As you can see, the NYSE indices remain relatively stronger and many materials and similar stocks are holding up decently.

Will see what kind of bounce generates off this selling and if it can sustain or remain weaker. If weaker, there are some downside entries. For now letting QRVO puts continue to work as that stock continues working lower through its target.

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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