Stock Market Update

[BRIEFING.COM] The stock market is in that prime position that is ripe for buy-the-dip interest. That is, it has rolled over from opening levels, leading to losses for the major indices. That is nothing new. It has happened before; only buyers have made a habit of showing up to preempt any trend weakness.

We'll see if that ends up being the case today as well, yet it is a higher buy-the-dip hurdle to clear with the information technology sector (-1.6%) behaving in a surly manner.

Another impediment is the general lack of leadership. While the mega-cap cohort is weak, so are the small-cap, mid-cap, and large-cap stocks as a class.

The Russell 2000 is down 0.6%, the S&P MidCap 400 is down 0.6%, and the equal-weighted S&P 500 is down 0.3%.