Reply #22: 2:15 numbers and blather (Why'd they change to the 30 year bond?) [View All]

[54anickel]

Dow 10,673.99 -40.89 (-0.38%)
Nasdaq 2,076.64 -3.71 (-0.18%)
S&P 500 1,152.68 -4.31 (-0.37%)
30-yr Bond 4.894% -0.023

2:00PM: The market maintains its indecisive trade, highlighted by range-bound action, moderate at best volume, and unconvincing breadth figures... Contributing to the volatility is Friday's options expirations, which has a tendency to influence the trade in several preceding sessions... Like their large-cap counterparts, the small- and mid-cap averages are hugging the flat line, with the S&P 400 down 0.07% and the Russell 2000 up only 0.01%...
Generally speaking, though, keeping in mind yesterday's rally, a bit of profit-taking is only natural, especially considering the fact that the Dow and the S&P 500 are trading within only a short distance of their respective 52-week highs... NYSE Adv/Dec 1499/1732, Nasdaq Adv/Dec 1486/1609