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Monday, May 7, 2007

Big Caps Keep on Truckin'

Big Caps are leading the way, continuing a relentless uptrend fueled by M&A. Notive the low volume today.

The Russell is resuming it's weakness after playing catch-up last week. MACD is turning down, and resistance at 835 is pretty strong.

I didn't see a lot of breakouts today, although AAPL finally followed through on the earnings nreakout of a week ago. At this point I am very cautiously bullish, but I am tightening stops.

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