7/19/2013 Daily Blog

Several indexes broke out yesterday the DOW, S&P, and the IYT. What concerns me is the light volume on these breakouts. Today is a very mixed day with MSFT missing on numbers and GOOG being down on earnings. HON, KSU, and GE all beat estimates for earnings. It is doubtful the market will set a new high but a run-up to the high from yesterday and a failure will certainly peak our interest as the markets look a bit tired after option expiration week. Not sure yet but I may post a weekend blog on Sunday recapping this week and setting our sights on next week. Have a great day and for all those in the northern half of the country stay cool, take the day off and reward yourself. Have a great day