Slight sell the news today with the five-day moving average on the SPY now acting as mild resistance. That said, although net negative, internals are really rather flattish and this could still go either way into the second half.

Related posts:

  1. 08.12.10 – Coiling Under Pivot
  2. 12.31.09 – Morning Slide to Support
  3. 10.12.10 – Q.E. II Wait
  4. 10.19.10 – Mild Giveback
  5. 09.22.10 – Testing the Five Day Moving Average