| Today's Comments (Short Term Outlook) |
|
The short-term indicators vs.
seasonality. I hope everyone had a nice holiday weekend and had a chance to pay your respects to those who gave their lives for our great country. Because I am still in holiday mode here on Monday evening, I am going to make these comments short and sweet. The market managed a small gain on Friday pushing the shortest term indicators to some extreme levels. Add that to the historically weak post Memorial Day Tuesday and the market could be under some pressure today.
However, the last trading day in May and the first five trading days
in June tend to do much better than average. This should make
for an interesting week. I am hoping the market can hang on
this week and perhaps I will lighten up some next week. |