The market was ugly with exagerrated moves. What is interesting is that for the past two days 57% of down volume in the NYSE was solely Citigroup. And Bank of America comes in at about 20%. Additionally, Moodys keeps selling off. But all three are all headline, politically driven corporations.
The strength is that medical related companies strengthened yesterday. Look at Abbott which has been a dog throughout the market rally as well as Bristol Myer and the highly volatile Amgen.
Also, AONE, a battery manufacturer had a tremendous 50% pop on its first day of trading and now hosts a market cap similar to a more established company, XIDE.
Natural gas is up! XTEX ROSE EP are great stocks on dips.
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