Friday, July 1, 2011

7/1 1:45

Today's rally should definitely turn the tech composite neutral.  I shorted at a point 30 points up on the day for NQ futures.  This is a pre-holiday and window-dressing rally so it should level off and not go ballistic like for an unexpected event. 
The dollar has held it's ground and gold/silver have declined, which bodes poorly for the stock market going beyond today. 

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