Another Rangebound Day

as the AutoBot (HFT) Olympics continue ....

(another "victory for the bulls", Pisani ? -- feh)

DIA Today .... rangebound between PP and S2

possible afternoon short opportunity at Pivot Point (90.91 DIA)

High Frequency Trading "Autobots" Rule The Market - see chart

Just more evidence that program trading algos dominate the volume today.

Do little guys like us even matter any more ? This chart suggests not.

AMZN - Final for July 1

Quick follow up to earlier post on AMZN.

Weak rally attempt after 2:30 low; retraced about 45-50 cents; but retested lows for the day several times, before turning up modestly at the close.

Notice how AMZN trended downwards from 10:30 am; and only into the close did it break above the downtrend lines (weakly).

Whether this means anything for tomorrow or not I don't know. It would not surprise me to see AMZN retrace 50% of the $3 drop (high to low) tomorrow; so let's look to see if it can go to +/- 83

AMZN could just as easily keep going down.

AMZN - intraday - July 1

Looks like a 2:30 bottom and reversal trade.....