Stocks are falling today as investors brace for political battle in Washington and after Chinese manufacturing data missed expectations.
S&P 500 futures are down half a percent, compared with losses of 1 percent to 2 percent in Europe. Most Asian markets declined slightly overnight.
While the S&P 500 began the year with a blazing rally, it’s now showing signs of a pause. Yesterday’s early gains were surrendered, and it made a lower high than its peak earlier in the week. Other charts that move in conjunction with equities–Treasury yields and the Japanese yen–have also halted their one-way moves after hitting potential resistance.
— Option Monster