I will be in and out today and tomorrow, so posting will be a bit more sporadic than usual. The obvious takeaway from today’s session is the lagging Nasdaq Composite Index. It could be mere profit-taking and/or fallout from ORCL though. The main thing I continue to watch is the 1220-1230 area on the S&P 500. If the bulls can hold that level in the aftermath of yesterday’s rally and today’s giveback, I’d have to say its a solid battle victory. Not winning the war, mind you. But the battle, yes.
