Tough Market to Barter

Outside of a handful of stocks, the market is largely reversing lower into midday. Cybersecurity stocks have finally bounced back. But, as we are seeing with banks and homebuilders, the key to a healthy market rotation is seeing the moves sustained beyond one day of promising price action.

The small caps of the Russell 2000 Index, below on the ETF's 30-minite timeframe, drive this point home insofar as their spirited bounce yesterday being given back today. They remain a diverging part of the market versus the Nasdaq's recent push to new all-time highs. 

Overall, I am still keeping things light in an effort to avoid some of the mistakes which are inevitably hurting traders' capital and confidence in this type of market environment. 

With AMZN weakening a bit into earnings tonight, the stakes are high again to see if any downside reversal potential in the market at-large can be blunted, yet again. 

I will cover those topics and plenty more for Members in my usual Midday Video coming up soon as part of Market Chess Subscription Services.