Stock Market Update - June 08, 2009

One chart this evening. Its the Dow daily chart. Over the last two sessions the Dow price has been very indecisive in the direction to take. The last two closes have been about even in price. We will just have to wait this one out and see which way its going to move. One item to note ... anytime the green line and the blue line have topped relatively together ... it has not been a good thing ... look over the past year or so and see what has occurred. Volume is also drying up for the Dow ... less than a billion shares traded today (not a good thing). Also, the Dollar rallied early but was pushed back ... if the Dollar falters then stocks may stay stronger for a while longer. On a positive note the Dow did rally late in the day to stay positive.