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Originally Posted by coolhand

It was another sloppy trading session today with the S&P and DWCPF both posted modest losses.




We can see that price didn't move all that much on either chart. The S&P and DWCPF both seem to be hitting resistance. It's as if the market is telling the bears "I'm ready to roll over, you can short now". And then the market will likely take off once again. Yeah, the bears love that game.

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Stocks were mixed but mostly flat on Tuesday with the Nasdaq lagging with a modest loss. The Dow was up 3-points and the S&P was down less than 1. Bonds were down after a rally in yields, and that may have been the catalyst for the losses in the Nasdaq as well. We got some big earnings reports after the bell so rear-view mirror analysis on a flat day may be futile.

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