Markets turning around...

Discussion in 'Wall St. News' started by jsimmons, Jun 15, 2005.

  1. Any news come out that's turning the markets down from their gap up this morning ? Oil ??
  2. just21


    Dollar is weaker for the first time in six days.
  3. TGregg


    We've been in this cotton pickin' range for what? A month or so. Yuck. We need a nice big trend day to mow down the new crop of doubledowners. :)

    On one hand, this range up here could signal the end of the bullish correction in the longer term bear market. On the other hand, we might be building a base for a breakout. Seems hard to imagine that we'd breakout in the face of rising fed rates (even if the interest rates haven't started going up yet).

    But who knows. I started the day with a long, and was soon shorting away. You can't enter these markets with some idea about the future written in stone.
  4. =======
    Dont think QQQQ & semisector have turned around , mostly bearish short term, however SPY still looks and measures uptrendy on most all measures.:cool:

    Another sign of strength in uptrending SPY ,gap ups close up ;
    DIA looks like mostly sideways trend or range like GE.