The market is losing confidence in the dip buyers -- and that is a problem.
Pockets of sell-the-news are beginning to appear.
The Russell 2000, S&P 500, Dow Jones, Nasdaq and junk bonds are all on the move higher. Did you miss your chance to buy the dip?
The stock market could be in for a correction if the fall in high-yield bonds and the Russell 2000 are any precursor.
Nike is relying on innovation to drive sales going forward and is putting more emphasis on its Nike+ membership. It's not saying much about an Amazon deal, though.