I was just looking at the performance of the indices for the year and I wasn’t surprised to see that they are basically flat. Here are the numbers for the first six months of the year:
- S&P 500 – up 2.6%
- NASDAQ – up 2.22%
- Dow – down 0.18%
- S&P 600 (small cap index)- up 9.59%
- Russell 2000 – up 6.21%
- NYSE Composite – up 2.15%
Aside from the small(er) caps there’s not much to get excited about if you’re a bull or a bear. Maybe earnings season will give the market a reason to break out of this range. The graph of the S&P 500 says it all for my current read of the market.
I’ll try to post some charts over the weekend. I’m not sure if I’ll be trading tomorrow. I’ll take a look at the pre-market gappers, and if nothing looks compelling I’m taking a four day weekend. Have a good weekend!
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