Tuesday, July 10, 2007
We don't have much to go on here. The major indices have moved up significantly in recent days, though it's been tough finding good stock trades that will move up with the indices. The market yesterday was quite dull, and of course you never short a dull market. Weekly charts have the S&P and Dow poised for a breakout. If the broad market does in fact break out to catch up with the NASDAQ, will it then continue higher along a wall of worry, or be used as a selling opportunity? We don't know, but the worry remains high here.