June 12th Daily Market Comments

The markets continue to trade in a conciliatory manner, the Dow is currently using the 50 day moving average/T-line as a support. The NASDAQ and the S&P 500 trading slightly lower and indecisively. The transportation index is trading positive. This scenario indicates the lack of any major selling pressure, merely profit-taking. This scenario will remain in progress provided there is not any major slam to the downside. Let each individual stock chart the top analytical factor.