Tuesday, June 17, 2008

Indices Are Lower - Third White Soldier Appears AWOL

During the first two hours of trading the DJIA, S&P, Nasdaq and Russell are clearly pausing with modest pullbacks. At this moment the DJIA is slipping below yesterday's low. The S&P, Nasdaq and Russell near their lows of the morning have made a higher high and higher low so far today. Watch the S1 support levels. AAPL is moving higher after Monday's confirmation of Friday's hammer. AAPL is up over $3. Today's Action: Moving Up CF, FSLR, POT, DRYS, BIDU, MON, AGU, MOS, CLF, AAPL, BTU, RIMM, MA, IPI, MTL, AMZN, MEE, CNX, V Moving Down: STRA, MS, IBM, GRMN, GS, MER, LEH, CELG, BRCM, ESRX

1 comment:

Anonymous said...

Dave:
I like the AWOL comment-being retired military, I tend to use similar military jargon/comments about the market (and other areas of life).
Thanks for the updates.
Very good Adv Tech Capstone last night.
Appreciate you and your efforts.
Robert
CANI_212