Market is weak today and volume still is not great. $SPY is down 0.69% at 761.74, with volume at 16.7M vs the 39.71M 30 day average. So we are red, but still not seeing some huge volume flush either. Sector flow is pretty defensive. The only green areas are: $XLE +0.93% $XLP +0.54% $XLV +0.36% Energy, staples, and healthcare holding up while the higher beta areas get hit is usually not the cleanest look. Weakest areas: $XLI -1.64% $XLY -1.61% $XLK -1.45% $XLB -0.94% $XLF -0.73% Options activity is still pretty light too. A lot of major names are below their 30 day average volume, so even with the market red, I’m not seeing crazy participation across the board. Weak tape, but still low participation. Defensives are holding up, tech and discretionary are dragging, and overall options activity still feels muted. Not a spot I’d want to force much. @unusual_whales is running a Labor Day sale right now. Save 20% on Dashboard, API, and Bundle plans for a limited time. Take advantage of the sale here and get access to Market Tide, Periscope, live flow, dark pool, sector flow, heat maps, and more: https://t.co/cNSsGRMLi1
Anthony SandfordShare


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