June 30, 2006 Stock Market Recap

Given all that could have happened today with it being quarter-end and the Russell rebalancing its indices things were rather quiet. Although volume increased on many indices I think that was all due to the rebalancings. The Russell 2000 had a nice 1.45% gain today thanks to that rebalancing, even if all the gains came in the last 15 minutes of the session.

So the indices, excluding the Russell, were little changed today. Monday is one of those stoopid half-day sessions so I don't expect much to happen then either. I'll get back to trading and posting watchlists on Wednesday. Enjoy the break and the holiday.






Trend Table

No changes today

TrendNasdaqS&P 500Russell 2000
PrimaryDownUpUp
IntermediateDownLatDown
Short-termUpUpUp

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

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Quoted

"One evening, while having dinner with a fundamentalist, I accidentally knocked a sharp knife off the edge of the table. He watched the knife twirl through the air, as it came to rest with the pointed end sticking into his shoe. "Why didn't you move your foot?" I exclaimed. "I was waiting for it to come back up," he replied." ~ Ed Seykota
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This page contains a single entry by Michael published on June 30, 2006 7:10 PM.

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