NEW YORK (TheStreet) -- The stock market on Tuesday finally had a selloff that was more than a hiccup. All the negative divergences I have been mentioning in my articles finally showed their ugly head.
The DJIA lost 117.59 points to close at 16906.62 while the S&P 500 was lower by 13.94 at 1963.71. This was the 55th consecutive trading day the S&P has not had a 1% move in either direction. The Nasdaq was down 60.07, or 1.35%, and the Russell 2000 was down 14.59, or 1.23% for the day, to 1172.15.
The Russell 2000 is now down 2.97% in two trading days after failing to take out its March 2014 highs.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV