Keene at the Close 6.26.2012

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Chart Volatility VIX CBOEThere is only one thing that came out of today, the stock market is stuck in a range.  I do not think that the market will be able to break out through the 1280 level to the downside or above the 1350 level to the upside.  We saw positive news on NWSA as they are considering spinning their printing and media into two companies and the stock raged higher to $21.50 before coming off at the end of the day.  Also, we see the EUR hovering around this 1.25 level looking for a breakout and I continue to be short the EUR.  Earnings that I will be looking at for tonight and tomorrow before the bell are GIS, HRB, LEN, and MON.  I think the more we have slow days like today, the more the market will be stuck in a range and I am playing it accordingly