Mid day update

The buying volume is generally on the light side. I'm expecting to see some profit taking in the afternoon leading into the weekend. Also with the additional news of explosive devices being discovered in London and the announcement that New York City is tightening security because of the events in London will likely have an added effect for the market today. The last thing the pros want to do is leave their money in the markets over the weekend when there is news that may give investors fear. So they like to take the money out and keep it under the bed until the "all clear" is given.

Apple is trading on high volume so far and soon I am expecting to see a lot of profit taking. I would not be surprised if Apple ends up closing in the red today.