PRE MARKET

Futures down decently after markets moved all over the map yesterday off of fake China news. The outcome was a sell off into the close.

And now not so good news on China this morning BUT…

Regardless, internals remain way worse than the indices.

NEW YEARLY HIGHS? What new highs?

Leadership? Utilities, reits, housing, a few SEMI-names, a few consumer staple names.

Chart patterns? After a 1,300 point drop and a very low volume 650 points up, not thrilled.

One small light…some of the down and out software names that topped out a couple of months back are rallying back up.

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