The market closed lower today. It was a distribution day for techicians. The up/down volume is about 12 ups for 17 downs. The down market is contributed by the Dell profit and revenue warnings. From the surface, the market does not look that bad at all. There is no market panic sell-off. The market is still trading in a narrow range between 2050 to 2150. The market is waiting for the FED to stop raising the rate soon. I believe if the FED stops, market will break the trading range.
The leaders for the days are still very strong, GOOG is no doubt the leader for the big caps. NWRE is another one to be emerged as another leading performer for the small caps. The semi does not look good at this point because of DELL and INTC.
After market stocks movers:
Positive momentum stocks:
CUTR (look for an entry buy), TRDO
Negative momentum stocks:
SYMC, JUPM
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