Friday, April 11, 2008

Moderate Sell Strength Today

Indexes on the run today chased by GE news and for failing to get beyond the one big rally day of April 1st. Look for bears to spin today's price action and for the bulls to hold onto the base building takes time story. A look at internals shows moderate sell strength on the break and a VIX that could only rally a buck fifty. All points more to sideways to slower markets as prices work through current config.