Consolidation Day

Posted by downtowntrader | 4/26/2007 11:44:00 PM | 0 comments »

The indices had what I would view as a consolidation day as they digested the large gains from yesterday. Most of the indices edged higher rejecting intraday pullbacks. Everything is quite extended here, so it's best to wait for some sort of pullback. I may still take plays from the small cap sector if they present themselves, but will probably stand pat for the most part.

Good Luck,