Technical signal suggests end of correction near

|By:, SA News Editor

The stock market printed a 90% down day yesterday - 92% of NYSE volume was in declining stocks, says Miller Tabak's Jon Krinsky. Readings above 90% are rare and have occurred just 5 times this year.

While all of these reads came near the correction low, "it is important to note that each time the initial instance was not THE LOW for the correction," says Krinsky.

Stock index ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDBQQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQEDIA, DDM, UDOW, DXD, SDOW, DOG.

Total U.S. market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.