Bears Present No Mercy Equally Stock Marketplace Rank Crumbles

The major indices are all solidly inwards the red:

DJIA down..................... 414.65 (-1.57%) at 26,015.92
S&P 500 down................. 46.65 (-1.62%)  2,833.69
Nasdaq composite down....179.88 (-2.32%) at 7,558.14

From Investor's Business Daily, 12:05 PM ET:

Stock marketplace pose bears hammered the bulls belatedly Midweek morning, every bit the intensity of the selling picked up. In the meantime, defensive stocks — such every bit food, medical supplies in addition to utilities — posted gains.

The Nasdaq crumbled 2.1%. piece the S&P 500 in addition to the Dow Jones industrial average each lost 1.4%. Small caps too faltered every bit the Russell 2000 declined 1.3%.

Volume accelerated on the NYSE only cruel on the Nasdaq vs. the same fourth dimension Tuesday.
The S&P 500 pierced its 50-day describe of piece of job Midweek morning. If the index closes nether the line, the violation would hold upwardly the get-go since early on July. Meanwhile, the Nasdaq is trading good below its 50-day describe of piece of job in addition to is approaching the 200-day line.

Action was generally negative alongside top-rated stocks.
The Innovator IBD fifty Fund (FFTY) stabbed 4% lower. The central traded fund based on the IBD 50 is straightaway 13% off its high in addition to nether its 50-day in addition to 200-day moving averages....MORE