For the first time this year the number of New Lows outpaced the number of New Highs on the S&P 500 yesterday.
A total of 11 New Lows bested the 7 New Highs. With the index now 2.6% off a 4-year high it is not time to panic, but it is time to take notice to the recent action and watch individual stocks closely.
The 7 New Highs included: Apple ($APPL), Home Depot ($HD), Mastercard ($MA), Priceline.com ($PCLN), Chipotle ($CMG), Sempra Energy ($SRE), and The Lorillard Group ($LO).
The New Lows were represented by commodity and select utilities.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
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