I didn’t find a whole lot worth posting as most stocks are just trapped in a trading range. I’m still of the opinion that the indices are rolling over — if ever so slowly. I’m also still expecting an increase in volatility. Note the Bollinger Band Squeezes on the Nasdaq and S&P 500 which also indicate that we should get an expansion in volatility.
(Update: I forgot to mention the volume. I wouldn’t make too much of the volume increases on Friday. That was due to all the index rebalancing on Friday as well as expiration.)
In addition to the S&P 500 and Nasdaq, here are charts of the Eastern Europe ETF (RNE), Nasdaq Stock Market (NDAQ), NetFlix (NFLX) and Titanium Metals Corp. (TIE):
Great call on the indices Mike. By the way, GOOG seemed to have put in a (short/intermediate term?) top with a high volume reversal today.
Thanks for your time and the informative charts.
Andy