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Second Day of Quiet Action

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The S&P lost a little, the Nasdaq gained a little, but there was no change in the larger picture.  The S&P registered a distribution day, of sorts: volume climbed, but as the index finished with a doji it doesn't really qualify as a heavy sell off day. The selling volume was enough to generate a 'sell' trigger in On-Balance-Volume too, but the whipsaw risk is high.

Stall in Action

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Not a day to get excited with. It would be pointless to say too much, so here are the charts:

I'm on eToro

I'm looking to give eToro a spin for fun. I emphasis the 'fun' because I will only be working with an account of a couple $100 and my positions will be small (about $20 a pop). If you wish to join me, follow this link . Financial sites regulated by small islands are not my idea of financial well being (although we won't mention FXCM), so I will be keeping my account small and I recommend others to do likewise.  The aim is to use eToro as a call tracker with real money, even if the gross amount is tiny. I'll be using it to trade FX, Indices and Commodities, with some stocks (of the limited number they cover). If you already have an eToro account, feel free to follow me .

Dow and Semiconductor Index Add to Gains

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It was another relatively quiet day for the indices, except for two. The Dow pulled away from breakout support, although volume was lighter. Technicals are all net positive.

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