Monday, June 29, 2009

Market Should Fall Monday; June 28, 2009

The market was fairly flat, but fractured on Friday and an divergence occured between the Dow and the S&P with teh S&P making a new daily high while the Dow did not. After this occured, the market sold off sharply into the close Friday. As long as this divergence holds, the markets should be on a downward trend.

Expect the market to fall Monday, especially at the open at the least.

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