Stock Market Commentary: Indecision -- MrSwing

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Stock Market Commentary: Indecision
Jul 02, 2009

Declan Fallon

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The last few days have seen some tight trading with doji or small real bodied candlesticks dominating action across the indices.

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One area which saw some bullish strength was the switch in relative strength from Large Caps to Small Caps; this left markets in their most bullish relative strength alignment (Small caps > Tech > Large Caps). This could be the basis for a budding rally but June highs need to be breached soon if momentum is to be maintained.