It's Far From Over

Yesterday through noon the market began "flat lining" or trade range hesitating trying to study all the different news and decide what should be "marketed." Believe this...the analysts and market makers get ready to build up before any "bad" or "good" news.
We saw classic trade range moves from Theoretical Dow Lows of 10,061, and highs of 10,241 thru the 3.30 p.m. hour

We see a market that has increasing chance of volatility and increasing "tops and bottoms". Study always the support and resistance lines and be sure to re-calculate intraday or take advantage of our Twitter email for any moves around 100 points.

Announcements: Construction for May Car Sales
Pending Home Sales ISM Manufacturing Report

All of these will be announced at 10 a.m. EST


Europe's financial-stability facility-emergency loans for euro-zone countries-is expected to be activated. This is a big deal

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The great burst upward by equities, speculative bonds form the March 09 bottoms lent a credence to the anticipation of a dramatic and sustained recovery for the economy.
Oops, later we figured we better take some profits from this 1000 point meteoric rise, and the bottom began falling.

This leads the talking heads babbling about another recession, and a second housing bust.

The housing bust may well occur, as it's far from over, and nothing was that much better as the market rose meteorically,EXCEPT the economy was slowly recovering, and the Blue Chip companies were doing well, and still are.

The nature of trading in the market has changed dramatically.

And we are now led by fractions, divided, of no bi-partisanship, no willingness to work together, and arguments over whether Obama is an American citizen.

This is my favorite of the day: Brewer: Most illegals are 'drug mules' http://www.cnn.com/2010/US/06/25/arizona.immigrants.drugs/index.html
This person was elected as a Governor and honestly believes this crap. It's amazing.