Thursday, March 18, 2010

Stock Market Commentary: Pause

It was perhaps too much to ask for but the S&P finished the day flat with lower volume too.

The only stumbling block came with a loss for the semiconductor index. But it was only enough to take it back to triangle support.

Volatility down at 17.2 is getting closer to its 10-year low at 12.5 but technicals aren't quite oversold

Friday looks like it will be a down-day given Thursday lacked the follow through after two solid days and this rally needs a sizable down day to take the heat off a little.

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