S&P had a good technical closing today but Market Breadth shows not much activity in this market. Everybody seem to be waiting for market to move in any direction before they start making big decision.
If we get demand in this market , we may hit the 1363 range or it may test the next immediate support is at 1325.
Big cap not showing much movement either. They have a very light volume day as well.
INTC and IBM looks very strong here ... but don't feel excited to take trade at this high....
Again, market can go in any direction from this point so we have to take one day at a time.....
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