Tuesday Outlook: Commodities, Global Markets
June 23rd, 2009
The rollover in the McClellan Summation Index probably indicates a temporary top is in. Does that mean we drop like a stone? Probably not despite the negative 200 point DJIA day. Will we get just a tiresome trading range? Possibly. But, we have the end of month and quarter in front of us with earnings beginning next month. Perhaps bulls will see more green shoots, or not. It just doesn’t seem many folks are involved in markets beyond Da Boyz.
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