Morning market internals get crushed by lower than expected ISM numbers

Market internals are getting crushed this morning with lower than expected ISM (49.5 vs. 51.2) economic numbers.

A/D and Up/down ratios are well over 2:1 on the downside with TRIN at 1.41 levels.

Seasonal investor year-end perspectives:

1) With year-end reporting approaching, institutions are seizing to lock in gains YTD to maintain performance returns.

2) Tax loss selling - institutional/individual tax loss selling is also seasonally stronger in 4th quarters