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Main | July 2004 »

Jun 09, 2004

School's Out - So What?

Schools out - so what. The what is that summer is here once again and with that returns the days of quiet, listless trading. Tomorrow will be quiet with rollover action the focus of the day while Friday the markets will be closed in observance of former President Reagan's state funeral.

The market is in the process of testing its breakout area from 06.07.04. The Spoos should find substantial support at this crucial area of 1125-1130, basis the June contract. If they fail and close below there, they are headed back to at least 1110-1115. Once I become more familiar with using the blog tool, I'll try and post a few charts.

Jun 09, 2004 at 23:37 | Permalink