Adrian Abshire Stock Insights

Monday, July 4, 2011

Market Update for July 4th 2011

 

I forgot today was a day off for the markets but will take a monthly look back at this time.

The market looks as though it is making a bounce but with the short week there may just be a bunch of short selling (people trying to get out of their short trades).

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Another green day – mostly.  Maybe we will start another uptrend but I think the volume may be the problem – a sign of short selling?

 

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Not really sure what a ‘conglomerate’ is but they are doing great!

Industrial Goods are up along with the usual Healthcare. 

Basic Materials is getting hammered – maybe due to raw input costs?

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