Nasdaq and Russell 2000 tumble more than 2%


The selloff accelerates, with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) each now lower by 2.3%. Little-changed earlier, selling comes to the S&P 500 (SPY -0.7%) and DJIA (DIA -0.4%).

What's working? Emerging markets for one. Another area of green is the utility sector (XLU +0.9%). Healthcare (XLV -0.8%) would usually get a bid on these days, but it's being dragged down by the continuing liquidation of the biotechs. There are also some pockets of green in basic materials (XLB -0.7%).

Utility ETFs: XLU, IDU, VPU, NLR, GRID, JXI, NUCL, DBU, IPU, RYU, UPW, PUI, FUTY, FXU, SDP, PSCU, AXUT, UTLT

Healthcare ETFs: IYH, XLV, VHT, PJP, XPH, CURE, FXH, IHE, RXL, IRY, IXJ, PPH, IHI, IHF, FHLC, XHS, PSCH, RYH, XHE, PTH, DRGS, AXHE, RXD

Basic Materials ETFs: XLB, VAW, UYM, IYM, IGE, SMN, MATL, FXZ, PYZ, FMAT, RTM, SBM, PSCM

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Comments (6)
  • mjtroll1
    , contributor
    Comments (2793) | Send Message
     
    I covered/reversed spy/iwm pair at -4 .. 6month range -6/+6
    4 Apr 2014, 01:24 PM Reply Like
  • Jeb Handwerger
    , contributor
    Comments (636) | Send Message
     
    Tech is about to rollover...juniors are the place to be.

     

    http://seekingalpha.co...
    4 Apr 2014, 03:33 PM Reply Like
  • davidshelton
    , contributor
    Comments (373) | Send Message
     
    Care to mention that $GLD blasted through 125 today and GDX/GDXJ are catching a bid??..... nah, not really newsworthy today, is it?
    4 Apr 2014, 01:32 PM Reply Like
  • Herbert Samuel Jennings
    , contributor
    Comments (298) | Send Message
     
    I tried to warn people!
    http://seekingalpha.co...
    4 Apr 2014, 02:49 PM Reply Like
  • june1234
    , contributor
    Comments (4412) | Send Message
     
    On a day Gold was up $21 at one point GDX finished +.39% while SLW dropped -10%. Better catch up if it wants to be newsworthy
    4 Apr 2014, 03:46 PM Reply Like
  • 96815234
    , contributor
    Comments (2210) | Send Message
     
    I call that a good start.
    4 Apr 2014, 02:21 PM Reply Like
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