If the market closed right here, everyone would consider it a victory. Despite all the red arrows, major indices are off the lows of the session.

ISM services came in better-than-expected with several components significantly above consensus, but it is still trending in the wrong direction.

Semiconductors are acting as a haven again. (I bought Advanced Micro Devices, Inc. (AMD) in my personal account and like it for all investors).

If the Semiconductor ETF SMH holds here, it would be a major buy signal.