Friday, July 09, 2010

Market outlook for July 9th

Hi all. Well the market is in a tight range today. The Intraday shows the Dow keeps bouncing around the unchanged line only briefly going negative. Volume is extremely low, as many appear headed out for the weekend early. I guess I should too. But wanted to give my readers a heads up, as I am traveling starting tomorrow until next Thursday. I will do some posting if events warrant but it will be less frequently until I return to home base.

Remember the overall trend is still down and that if you take a good look at a 2 or 3 month chart, you will see we are forming another "W" pattern and it is slanted lower. Happy summer.

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