Monday, June 28, 2010

Stocks - Inside Day


Stocks were quiet today as can be seen by the low volume. The S&P formed an inside day today which means I will be on the lookout for a large range trending day tomorrow. Being that I am long a few stocks, I'd much rather see the S&P break the high of the inside day than break the inside day's low.  If the S&P does break down from here, I will quickly abandon my longs and may even consider shorting a few things. I do not want to fight this market especially with the bond market breaking out to new highs.

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