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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, June 1, 2011

Stock Trader's Almanac: June is the second worst performance month of the year

Jun 1 pre-market update:
pre-market futures down about 5~6 $spx points.
$spx pulls back from the Feb 18 high 1344's resistance level.
i see 60m ..., also the red trend line around 1331 could be the short term magnet.
ADP employment data is bad.