Replies to post #269392 on SPDR S&P 500 (SPY)

[spartex]

I think SPY is just doing an "early July" action pull back below the 50 dma before resuming higher (assuming bonds and 10 year treasury doesn't go to 3.5%, Italy doesn't cause EU crash, etc). And then earnings outlook.

Costco and Campbell soup up 3+% today. Money is going into other sectors right now out of QQQ/techs. This pullback is very healthy and necessary.