Markets had a down day today on a little heavier volume. Right from the open selling started but by 1030 CST it subsided and markets went sideways with a small surge upwards into close. Internals were outright negative with NYSE Advance/Decline line registering lowest reading in more than a month. Oil and energy sector were the weakest while utilities were stronger so was dollar.
Dollar I think is the biggest tell on market right now and If dollar is trying to find a bottom here then markets as well as commodities could be in trouble which were hit hardest today.
I lightened up on DBC, UGA, USO in my long term acct today and will look to see how deep this correction will go in commodities sector.
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