|
Tuesday 06/27/06 INDICES PULLING BACK FROM RESISTANCE at 02:35 PM EST
At this point, the DOW is down 110 points.
Today is not Bernanke day after all. That won't be until Thursday, so we have two more days of anticipation.
Today's selloff is being blamed on Oil and refinary problems in Lousiana where a leak is going to shutdown production for 3 or 4 days.
In the longer term scope of things that is of little consequence since we now have an acknowledged reserve of crude and stocks are ahead of last year, but there always needs to be some excuse.
Here are updated charts of the indices mid-trading day.


|