Good afternoon,
(Data as of 2:25EST)
While the market continues its wide yo yo type moves today, the selling isn’t particularly intense as you can see by taking a look at the index ETFs below. Notice the volume is below average heading into the last hour of the trading day. The only sector getting hit with high volume is the energy/oil sector, although it has been bouncing back in the last hour or so. The Oil Services HLDRS (OIH) is down 1.5% with volume 73% greater than average. Both the SPDR and Ishares Energy ETFs (IYE and XLE) are down signficantly with volume greater than 100% above the average.