The Wrap 5/26/11

{+++} Performance among the major equity averages varied today. Data were generally disappointing. Stocks traded near the neutral line in the early going with a tepid tone amid mixed action, but the Nazzy and Russell 2000 outperformed the S&P and the DOW.

The commodity bounce of the last tree days is now approaching some moving average resistance. So it will be proven soon if this has been just a relief rally that will end up failing or the start of a sustained rebound. As always watch the dollar.

Nothing new tonight, but please check the P&L for any updates or stop adjustments.

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