Friday, June 12, 2009

06.12.09 - Falling Flat

The market has been unable to recover from yesterday's afternoon slide off of new annual highs, with the semiconductors (SMH -2.6%) perhaps hardest hit. Cumulative Tick is negative, but mostly flat at the mid-day as price loops around the equally flattened VWAP. There is always the possibility of late-day fireworks, so traders have to keep on their toes in spite of the boredom.

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