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Despite the broad, sharp selloffs in the Big 3 stock market indexes, market internals suggest there is no panic in the selling, and there may even be signs that investors are looking to buy on the dip. The NYSE Arms Index, a volume-weighted breadth measure that tends to rise above 1.000 during market selloffs and fall below 1.000 during rallies, is actually down to 0.843, while the Nasdaq Arms is down to 0.715.
...read full article on Market Watch
