For the second time in two months, Akamai (AKAM) gapped down from resistance at 46. The stock first hit resistance here in mid June and gapped down in late June. AKAM moved back to resistance in July, but failed again with another gap and high-volume decline.

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Markets are trading in a lethargic manner as participants continue to nervously take on risk-correlated trades. The move toward risk is logical because without the massive sovereign crisis fear hovering over the market like the Sword of Damocles, one needs to consider the fundamentals – particularly monetary policy, as the core driver. Overall, the rate at which central banks are mopping up…

Weekly jobless claims will again be a big event for Thursday’s markets, and economists think the number will not really show any improvement.