Friday Outlook: Volume Remains Minimal

June 18, 2009



I thought it might be entertaining at least but the show was a bust—a bore—a ramped, camped and dumped deal. Bulls got excited early with (ho hum) “better than expected” employment data and Leading Economic Indicators. Then financials got a lift from Turbo-Timmy’s testimony.

With quad witching starting you’d think we’d have more volume but there was little. Breadth was positive.






The McClellan Summation Index continues to roll over. Not a bullish sign for the intermediate term at least.

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