Quick note on the Market close today, July 14, 2010

[ 0 ] July 14, 2010 |

The close today was not that bad to me. The market opened up as expected, and if you see Fred’s note yesterday night, he expected some selling and thus he said Sell the Bounce and Buy the decline. The market declined after being up a little ( even with the bad Figures) and at the close finally ended up for the 7th day. This to me means there was really little selling pressure, which is very positive, and there is a good chance we see higher prices in the near future. Lets see how the futures act tonight.

Apple is still my favorite stock.

Bobby

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Category: Markets and Trading, Technology