Thursday
Jul072011
Quiet is good..
Thursday, July 7, 2011 at 07:21AM Absolutely nothing to add in respect to today’s action that wasn’t covered yesterday or on the weekend.
In all, a good thing as the SPX recouped some morning red to close +1.33 pts as sellers are still nowhere to be found despite some incremental negative newsflow today. You can’t ask for anything more as a’ long’ trader as last week’s gains get digested.
Seemingly, both sides are sidelined gearing up for earnings kick off next week to possibly make a move, ECB (Thursday) and June jobs report (Friday) are unlikely to point to any market direction.