Breadth ended at 1.18:1, advancers, on some real volume today, 1.2B shares on the NYSE. Breadth is still very weak, another sign upside momentum is getting really tired.
Apple blew away earnings after the bell, but the stock never followed suit, only up a couple of bucks, and falling as I write this. CREE is down big after hours, 15%, after missing earnings!!!
Before the open, Goldman Sachs reports, this is also I biggie, and a miss is not likely, but it could turn into a sell the news event, BTW, BKX never did recover today, closing down 1.15% on Citi's disappointments.
One piece of good news for the Bears, the VIX did close back with-in the Bollinger bands, suggesting a new bullish trend for the VIX.