The bulls are taking some profits today.
I don’t see any real catalyst for the shift in market dynamics today but we’re seeing an extension in stock market selling with the S&P 500 down 0.4% and the Nasdaq down 0.55%.
I suspect this is mostly profit taking as we have Oracle down 4% and Micron down 3.5% after earnings (it ran up big-time ahead of earnings).
This article was written by Adam Button at investinglive.com.
