Friday, May 30, 2008
OK, not the first time I've posted with that heading. Looks like the three days of gains have sapped some juice from the day, with the exception of tech, which is showing the most strength along with the transports.
Cumulative Tick is slightly negative on the day, but positively sloping as of this writing. I'd speculate yesterday's highs/ R1 would present some resistance ahead of the weekend, should we get that high (SPY $140.90). As of this writing; however, we look more range bound. Enjoy your weekend.