Market Internals This Morning

Fractional new session lows for stock indices, hovering near low end of yesterday’s afternoon range — Dow -15, S&P -2.8, Nasdaq Comp -5.1 -Update

Market View- Food commodities among the worst performing CRB Index ETFs/ETNs in early trade; SGG (-2.9%), JO (-1.8%), JJA (-1.5%), JJG (-1.5%), & FUD (-1.2%)

Semiconductor Hldrs ETF holds at first level support (33.53 -0.17) -Update

Highlighted first level support at 33.50/33.41 in The Technical Take and the lagging SMH tested and is attempting to rebound off this area (session low 33.42).  A push back above 33.62/33.70 would neutralize the weaker action off yesterday’s early high.  The next short term resistance zone of note if able to build on the push off support is at 30.90/30.96

Point gainers

NFLX (+6.08), DTG (+1.96), STJ (+2.25), HS (+1.61), MCP (+1.67), VMW (+1.19), AMT (+1.28), REE (+1.33), NFX (+1.50), NUS (+1.12), DG (+1.15)

Point losers

WAG (-3.45), CP (-2.32), CRM (-2.34), CF (-1.72), AMZN (-1.86), AGP (-1.54), SI (-1.46), EXPD (-1.34), CHRW (-1.45), HMC (-1.32), APKT (-1.48)