by Deron Wagner, author of Sector Trading Strategies video and course book
11/11/09: Stocks quietly oscillated in a sideways range throughout yesterday's session before finishing near the flat line and with mixed results. Blue chips showed relative strength again, enabling the Dow Jones Industrial Average to edge 0.2% higher. The S&P 500 was unchanged and the Nasdaq Composite slipped 0.1%. The small-cap Russell 2000 lagged with a loss of 0.9%, as the S&P Midcap 400 dipped 0.2%. A modest bit of strength in the afternoon enabled the major indices to close in the upper half of their intraday ranges. Overall, the session was constructive consolidation that allowed stocks to retain most to all of their previous day's gains.
