- Market breadth is 9:5 negative and is arguing against a turnaround for the bulls today.
- The option ratios are inconclusive as the CBOE is showing put activity while the ISE is showing the opposite.
- Defensive sectors are outperforming, while tech and financials are underperforming.
- The dollar is slightly higher.
Waiting For Turkey Day
Volume should start drying up this afternoon and by tomorrow should be at a crawl. This likely makes trying to read the tape an exercise in futility, but I will give it a shot.