07/12/06 Stock Market Recap

Posted by Blain Reinkensmeyer
July 12, 2006 at 11:43 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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