Thursday, January 7, 2010

01.07.10 - Noisy Range Day?


Another flattish day, but this time registering a lower-low on the daily time frame. On one hand, a willingness to hit the sell button has been demonstrated, on the other, internals, though hardly strong, are running sideways and this market has repeatedly been able to save itself by the bell. However, it's certainly hard to imagine it will be able to do the same today ahead of the jobs number, but we shall see!

[ADD] Oh, and where would this market be without the Financials today?  May want to keep a close eye on those.

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