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Looking back at the first trading day in June over recent years shows some big moves in both directions. It tells me that Monday may not be a quiet day.

These are Dow points...

2012: -275
2011: -279
2010: -112
2009: +221
2008: -135

05/30/13

Stocks gave back Tuesday's 106-point gain yesterday as the Dow lost 107-points yesterday. Not to be outdone, both the S&P 500 (C-fund) and the small caps (S-fund) fell almost exactly the same percentage as they lost on Tuesday.
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05/29/13

After last week's pre-holiday pullback, stocks resumed their bullish ways by opening up sharply higher in Tuesday's post-holiday trading. Stocks finished well off of their highs but the Dow, up about 220-points at one point, still managed a new closing high after finishing the day up 106-points.
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05/28/13

Stocks opened sharply lower on Friday with Dow down nearly 100-points in early trading, but once again buyers stepped up, and by the close the Dow was back in positive territory at +8.60.
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Last week I said I had another Total Tracker buy signal as the auto-tracker was showing a collective stock exposure of less than 40% (and for the 3rd week in a row too). But I also said that I don't use this signal as a stand-alone indicator, because like all indicators it can be wrong at times (on a week over week basis). We were certainly due for a pullback though as the indexes were at or above the upper end of trend lines as well as bollinger bands. And if price is to continue moving higher, ...