Tuesday, June 8, 2010

6/8 - morning scan

  • this push up intraday doesn't seem like it will last
  • the support levels we are getting bounces from are very weak...looks like we need to first close at the lows before we get a bounce in the future
  • market indecision is written all over the charts of individual stocks
  • some starting to make new lows...a few making new highs
  • environment just feels very tough...feeling like a grind...like we will get sideways to volatile action that will just continue to frustrate many traders...
  • but for today..my call is for us closing at the lows...

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