Market was making a breakout move early today. But all 3 major indices dropped back from the intraday highs when closed. S&P still didn't break out of the range of 923-950; DJ still didn't break out of the range of 8500-8850. But the uptrends of 3 indices are still intact. So unless the lower bound of the range is broken, the bull will try to break tomorrow or next week. On the other hand, economic data are all better than expected: jobless claims went down, retail sales improved, 30-yr bond auction went well, business inventory has been reduced to a point that need to be replenished (meaning more activities). So result of TA may be a bit neutral, but fundamentals all look good. So no need to worry lah.
