Awaiting A Directional Signal From The Stocks

By: Scott Johnson Wednesday, July 01, 2009 12:30 PM

Symbols: AFL, AIG, BAC, C, CBRL, COF, DRI, EQIX, HD, JWN, MET, WFC, WYE

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At the same time, it is worth noting that a number of important sectors and individual stocks have developed a bearish orientation, and SPY is currently trading sideways as opposed to higher, at least for now. In Monday's sector overview, I ran through a number of these charts. For the most part, they look essentially the same today.

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