I had a feeling this morning’s sell-off might reverse. It seems the early market-moving economic data, which showed a drop in The Chicago Purchasing Manager’s Index, wasn’t as dire as the initial reaction by traders made it seem. 

Still, the major indices all finished in the red. While briefly tip-toeing in positive territory only to lose momentum might seem disappointing, it’s important to note that the bulls defended an important support level at 1047 on the S&P 500. Ultimately, it appears stocks are stalling ahead of Third Quarter earnings.

Now, let’s move on to the day’s Top Gainers…

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