Start of a much awaited pullback

With the sword hanging on the neck of Goldman and whole financial industry awaiting a financial regulation, FOMC standing pat on the interest rates and the summer ahead, I think its time to see a pull back/correction in the indices.

Baidu hit a long term resistance

Baidu went from low 100's to mid 650s in a little over 1 year. That is definitely a Oomph run. It clearly hit a long term resistance. We just have to wait and see what the next move might be before it consolidates here. A pull back from here is definitely in the cards for Baidu.

Tech sector has had a great run

Tech sector ran from the lows of March 2009 to the dizzying heights of 2010. This is the time for some consolidation before it makes another move.