Rare Monday Selling Pressure
The major stock indexes are all coming under some rare Monday selling pressure this afternoon. The decline in the market indexes is occurring even during a light volume trading session and a decline in WTI oil. Crude is selling off by $3.21 to $109.45 a barrel. One would think that lower oil prices would help the major stock indexes. Traders should watch for intra-day support on the SPDR S&P 500 Trust(NYSE:SPY) around the $132.00 level.