Stock Market Update - June 23, 2009

This is a look at the weekly Dow. It looks to be rolling over.

High Yielding Debt did not hold up today ... not a good confirmation for the market. The money flow is looking to have cycled to a bottom.

Price still looks oversold and may move back up ... but these things can stay oversold.

The green line that measures price is moving back down the channel that usually spells lower prices. The blue line that indicates money flow is close to a bottom ... if this starts to move back up ... this should support the market some ... question is how much. If the Dow rallies back up to 8500 t0 8750 on light volume ... it should be time to short the market for the summer and on into the fall. Today we had $1.7 billion cash inflow on the US DJ Total Market and we had a 59% volume up day.

Updates in the next few days and weeks may be slow in coming ... we are expecting our second child any day now.