Weekly Review (6/12/06 – 6/16/06)

Keep Watching

We had a very interesting time. The market found its support and changed a little this week. For the week, the Dow rose 1.13 percent, while the S&P 500 slipped just 0.06 percent and the NASDAQ lost 0.24 percent.

The market showed some resistant finally. It presented to us how unreasonable and volatile the market is. I guess a lot of technical models were lost their ground during this week.

There won’t be any big economic news for the coming week. The market will keep its mess for a while. I think the mid week would be the crucial time for the market.

Is the market at the bottom? I am not sure yet. There is a bigger possibility that the market will keep its down trend another time. If there is another down, after certain points, you should start to take long position.

I don’t suggest people to take big action in the coming week, but play small portion with the volatility.

Good luck!