Tuesday, June 27, 2006

The Market Is Taking A Hint Today

The market is trading lower in the mid afternoon session. If you notice the most active list from the Nasdaq, only 3 out of 20 stocks are up slightly, mainly (MSFT), (YHHO), and (RBNC).

Up volumes vs down volumes are about 8-to-2 on the Nasdaq and 7-to-3 on the NYSE. Advancers to decliners are about 2-to-1 on both exchanges.

Caution should be employed right now. Avoid buying and think about shorting or just holding cash if you are not comfortable with shorting.

No comments: