Tuesday, June 25, 2013

Tuesday evening

Could this be why AAPL was downgraded?

DJ-20 has printed railroad tracks so far this week and they are the triple digit variety. We may be range bound for a few days.  If you are a long term holder you may want to take some time off here.  You probably won't miss much.  If you are a day trader there should be enough movement to manufacture some profits.

DJ-20 Daily Chart
(Click chart for better view)

Tuesday afternoon


The market has basically hung around the same level it reached yesterday afternoon before retreating into the close.  I'm reading/hearing traders say we are now range bound.  Could be.  I have no data to say differently.

Tuesday morning