Tuesday, June 24, 2008

06.24.08 - Overdue Bounce


Not huge as a percentage gain, but we've seen a nice reversal on the day. We remain over-sold and cumulative tick is just now picking up some steam. The prior stars, tech and small-caps, are still lagging a bit.

11:25AM PST UPDATE: Bit of resistance at the declining five-day moving average. It would be nice to break through, but in the mean time tighten stops.

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