Averages Melt Down And Slide Sideways

July 16th, 2013
in Gary's blogging, market open

Opening Market Commentary For 07-16-2013

Internet connection issues with Comcast can not post full commentary.

Markets look weak – expect an no action session.

<<<<<<<<<<<>>>>>>>>>>

The DOW at 10:45 is at 15476 down 2 or -0.01%.

The SP500 is at 1681 down 2 or -0.11%.

SPY is at 168.00 down 0.15 or -0.08%.

The $RUT is at 1042 down 0.83 or -0.08%.

NASDAQ is at 3605 down 2 or -0.06%.

NASDAQ 100 is at 3081 down 1 or -0.03%.

The longer trend is up, the past months trend is bullish, the past 5 sessions have been bullish and the current bias is sideways and mixed.

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Written by Gary









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