| Dow | 12,582.77 | +168.43 | +1.36% |
| Nasdaq | 2,816.03 | +42.51 | +1.53% |
| S&P 500 | 1,339.67 | 0.00 | 0.00% |
| Russell 2000 | 840.04 | 0.00 | 0.00% |
Tuesday, 5 July 2011 Economic Data
| 10:00am | USD | Factory Orders m/m |  | 1.1% | -1.2% |
Summary
- Last week was a straight bull run, market up for consecutive 5 days, high probability of profit taking and exhausted bull
- Yesterday holiday help to recharge and give a pleasant mood (long weekend)
- People dine out, spend and travel over the long weekend
- Almanac - traditionally volatile after 4 July
- There straight consecutive 8 bullish days that happen before
- Good news on Greece bailout
- Bear might let the hype build higher before jumping tml
- Better than expected ISM data last friday
Tuesday, 5 July 2011 Market Direction : Up
Accuracy : (2/4)
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