07/12/06 Stock Market Recap
Posted on Wed 12th Jul, 2006 11:43:08 PM
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
NASDAQ was down today and closed below 2100, though on lower volume this isn’t good. Things are looking pretty bleak right now, so much for the big rally day on 6/29.
The S&P 500 Index was trading between the 50 and 200 MAs but today close below both, a very bearish sign. Again lighter volume, but tomorrow should be interesting to see.
Cash is King, and the Shorters will Reign.
Happy Hunting.
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