Monday, June 10, 2013

Status Quo for Me

On a day where a lot of eyes were watching $AAPL WWDC, The market had a calm day for a change. Apple didn't announce much and sold off a little.

I'm still sitting on my hands. Not chasing stocks up here and believe that a correction is coming. I suppose the argument could be made that last weeks retest (again) of the 50dma on the SP500 was the correction. Seems like the market doesn't want to sell off more than that. Meanwhile, interest rates are sneaking up but still pretty low.

Days like today almost seem calming and relaxing, setting up whatever is next.

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