It was another down day in the market today.
The S&P 500 Index opened @ 1287.87. That was the absolute high of the day. There must have been alot of sell orders lined up at the opening bell. Anyway, the futures were down this morning and the day's action constituted follow-through selling. The selling was unrelenting.
The market closed @1265.42. The TSP Club left the C Fund @ 1300.
Today was a typical day in a downtrend. Bad news out of Greece was sold. The opening price was the absolute high of the day. There's not much more to say.
The trend is down. Prices will continue to decline with bounces here and there until the down trend ends. Professional traders are selling the rallies, not buying the dips.
Later,
Wink
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