Wednesday, October 19, 2011

Stocks take a day off...

Well...no rally in the final 30 minutes this time.

Dow -72
Nas -53
S&P -15 to 1209

Volume was light for most of the day.  We have October Options expiration of Friday.  It is not uncommon to get some selling on the Wednesday before options expiration as traders sell this months positions and roll into next month's.

Banks, commodities and oils were the main drags on the market today.

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