Despite the fact that the Big Three market indices all indicate that the stock market is increasing, market internals indicate that the stock market is actually dropping, with smaller-capitalization stocks leading the way lower. On the NYSE, decliners outnumber advancers by 1,637 to 1,422 and on the Nasdaq, decliners over advancers by 2,584 to 1,291 stocks. Furthermore, falling stock volume accounts for 68.5 percent of overall activity on the NYSE and 62.9 percent on the Nasdaq. Meanwhile, the Dow Jones Industrial Average DJIA, +0.12 percent is up 74 points, or 0.2 percent, in noon trade, with 19 of 30 components gaining ground. The S& The Russell 2000 RUT, -0.56 percent index of small-cap companies is dropping 0.6 percent, indicating that it is moving more in line with market breadth./n
Read More
