The market is trading lower in the afternoon. It is getting worse as the day progresses. Volume is on track to be about the same as yesterday. Fortunately, it is not a drastically sell-off. The sell-off is prompted by the rise in unit labor cost, one of the key factor in determining inflation for the FED. I would be in the wait and see mode until the market is clear for up or down direction.
(NVEC) is finally had its first down day after several days of strong advances. This one can be very risky in a shaky market. I would place any bet on either direction.
Today's Stock Movers at 3:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(OMRI) 17.80 +1.13 +394
(MDG) 32.06 +1.31 +147
(SHOO) 38.76 +0.65 +83
(GES) 42.93 +0.72 +64
(AP) 31.32 +2.70 +61
Stocks Down:
(NVEC) 32.26 -1.75 +758
(KOMG) 30.42 -5.84 +670
(ZGEN) 18.60 -0.64 +610
(PCLN) 30.90 -3.26 +587
(MGLN) 43.23 -4.06 +581
Tags: stocks midday
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