Stock Market Commentary for Wednesday, June 15, 2005

Yawn, Tuesday was yet another excruciatingly slow trading session, as people await divine guidance as to which direction the market heads next.  Nasdaq rose a mere 8 cents.  The good news is that there is no serious selling pressure.

As usual, the economic data was mixed.

Nasdaq trading volume was extremely light (1.46 billion shares), and breadth was moderately positive, with 1.40 gainers for each loser. Such positive breadth on a negligible point-gain suggest a rotation from larger-cap stocks to smaller-cap stocks.  The Nasdaq-100 Index Tracking Stock (QQQ) in fact fell by 0.40%.

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-- Jack Krupansky