Monday, April 7, 2008

Bull/Bear Stall

SP500, DJI, and NQ100 have stalled over the last four closes after the big rally of April 1st. This will play into the bear's hands for at least a scare since the only action of the last few days has been 2Q pricing by funds. Spec action is being seen primarily in tech stocks as there is noticeable caution over the broad market.