S&P 500 went down to 912 area but improved by close.....
Dow went down to 8393 area also improved by close.....
Volume was much higher than yesterday on a down day..NOT a good thing....
Internals were weak also with Down volume & declining stocks were in the lead in Both NYSE & Nasdaq.....
Nasdaq leaders behaved well..which is a good thing....
Lot of technicians are also predicting a sideways market with range trending lower...pretty much in line with my Sunday blog...
What I am doing is positioning my trade in MRVL,SOL,TLM..idea is to sell @ profit & then look for other trading ideas..going to stay with what I know & NOT extended/popular.....I expect July & August to be a quick trading market......
AH Futures are mini green in Dow & S&P 500 but mini red in Nasdaq....
AH Gold ,Oil are UP...
VIX closed @ 26.35 UP 3.94%...showing little FEAR on a down day...which confirms narrow trading range scenario in Indices...
AH Nikkei is Down .36% so far.....
Strong stocks included RIMM,AAPL,PALM,TSL,AMZN,BIDU,YGE,GERN....
BLOG does NOT give buy or sell.
Saleem
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