Friday, June 12, 2009

Market Summary

Markets remained boring and choppy today. After initial morning sell off we consolidated all day and had a late day surge ending the day almost flat across all the indexes. Morning was ugly after yesterdays reversal but volume was light and which meant that we were going to see a range bound day and that's what we saw today. For a change oil, commodities, semis were lower and retailers/IYR was up today. Overall we are still in a range bound market and individual stocks are working. Will post some charts/picks for next week over the weekend on twitter.

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