07/12/06 Stock Market Recap

Blain Reinkensmeyer
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.

Share this post:
  • TwitThis
  • StumbleUpon
  • Yahoo! Buzz
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Facebook
  • MySpace
  • Live
  • Technorati

Leave a Reply

Create a Gravatar for your comments