Tuesday Morning Update

After yesterday's bombardment, it wouldn't be surprising to see a reflexive bounce in the market this morning, and we got one, but a very weak one. The "but the dippers" seem to be concentrated in the financials, as XLF is leading, but XLB is also getting a decent bounce, as is the gpold and silver index, XAU. Yesterday's leaders, XLP, XLV, and XLU are lagging. The Nasdaq and Russell 2000 are also leading, but just barely, and oil is having trouble getting off the carpet, having trouble getting back above 67. Housing starts came in lower than expected. PPI also came in lower than expected, and that is beiung interpreted as good, but i'm not so sure. Of course the Fed will pat themselves on the back for keeping inflation "contained", when the reality is prices are dropping because of lack of demand.

There are 9 new highs so far. Only one high volume breakout that isn't a penny stock, JHX, which is a Dutch cement company that normally gets vapors for volume but is getting over 200K shares today on no news that I can find. There were no earnings reports from either of the watchlists scheduled for today.

EDIT: JHX is an earnings breakout.