It sure seems like the market wants to head lower from here. What looked like the beginning of a bounce today quickly soured right around the 2:30 reversal time. Even though the indices ended the day higher the bulls can’t be happy with the action at the end of the session. Despite the stochastic buy signals I wouldn’t be moved to buy anything until after the market can close above the levels pointed out on the charts below (~1193 on the S&P and 2100 or 2103 on the Nasdaq). I wouldn’t be surprised if the market just kept churning (at best) until earnings season really gets going next week. (ISRG, which was on today’s list, had a great day though.)
