The indices (DJIA 12496, S&P 1314) were off a bit yesterday. However, both traded within their intermediate term uptrends (11801-16801, 1239-1806) and short term trading ranges (12206-13302, 1266-1422)---(as an aside, their closing prices were also well above the upper boundaries of their former short term downtrends). In addition, they continue to develop the right shoulder of a reverse head and shoulders formation.Volume rose; breadth declined. The VIX spiked, closing well above the lower boundaries of both its short term up trend and its intermediate term trading range.
Thursday, June 14, 2012
The Morning Call-Dimon wows the girl's softball team while Europe prays for a timeout
