Wild Day on Wall Street

Was that not a crazy day of trading?

We fluctuated all day — plus to minus and back again — before finishing with quite the flourish:

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DJIA Intra-day August 1, 2007
Dow_aug_1_07

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The only notable thing I saw was that we traded down to the S&P500 Cash Futures 200 day moving average, befire snapping back the last 20 minutes.

With the Dow up 154, the Advance Decline was a surprising 1377/1926 in favor of decliners.

We also got mildly oversold, based on the % of stocks trading over their 200 day moving average, and more moderately oversold  according to the equity index put/call ratio. . .

 

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