We're forced to look ahead and identify what might attract buyers back to this market.
Small- and mid-cap stocks have held up for a while, and the bulls have held sway. Since these stocks tend to crack before large cap stocks, Wednesday's weakness bears watching.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF where we have detected an approximate $102.0 million dollar outflow -- that's a 0.6% decrease week over week (from 58,830,573 to 58,455,573). Among the largest underlying components of MDY, in trading today Advance Auto Parts Inc is trading flat, HanesBrands Inc is up about 0.9%, and Church & Dwight Co., Inc.