Monday 9 July 2012

Closing Brief

A pretty mediocre day, but even a moderate red close should be seen as progress by the bears, and today - unlike Friday, confirmed the declines.


The closing hourly index charts...

IWM



Dow



Sp



Summary

Very minor losses for the indexes, arguably a flat day. Still waiting for the next sp-20/25pt day. Its well overdue!
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*coal miners all smashed lower (again!) today, I'll post some more on PCX, BTU later this evening on my stocks page!