Bill - In all fairness the market opened up weak on Thursday and you had ample opportunity to close your short positions before the reversal occurred.  Yesterday's action may have also been influenced by T +3 (trade plus 3 day settlement) to spruce up quarterly prices. 

We will do our best to post our outlook but we really don't want to get in the business of attempting to predict "day to day" stock prices.

You could elect to put in a buy order around that area BUT you must have a stop below should the decline resume. 

Most quote services have a percentage volume component or else look at the avg 60 day volume for a guide.

The rebalance of the Russell Investments indices will be finalized on June 26th.

Index funds that track the performance of the Russell 3000 will buy or sell stocks at the close on June 26th based on additions, deletions and weighting changes within the Russell 3000 and its components. “Russell Rebalance Day” is often one of the busiest trading days in the equity markets and a day when stocks added or deleted to the Russell indices often see elevated trading volume.

Very nice find - thanks for sharing simon_says and thanks for posting again jcomptonod

Thanks for sharing - that is also a viable count for now - we'll have to see how things unfold in the days ahead.

I have posted many charts today - check and see them from earlier.  We broke thruogh the downtrend lines on those charts which I said would be the first sign the market wanted to move higher.

Lucy - I sent you a private message. 

What scenario?  Please explain and I will respond.

robin - see Andrew's 5 Dow chart below for a Short Term count - at this time that looks appropriate to me.

The bullish inter-market divergence that I discussed last night was indicative of at least a near term bounce.  A close above those highlighted levels would open up other options for the market, including possibly that a low may be in place. 

No doubt - the fact that she's even in public office speaks volumes why California is in trouble.

ES has time and price resistance (908-911) on this bar for the 15 minute timeframe.  Let's see if it leads to a reversal of some sort.  You will need to get a trigger to consider playing it on the short side.

The big standout resistance on the 45 minute chart is 910-911 and then 913-916. 

As an aside, we are nearing quarter end so many managers would like to see prices hold firm. 

rp - many people must be traveling to Florida these days - maybe they are house hunting?

The DOW is MUCH WEAKER than all the other major indexes.

Not even close.

To difficult to put an intraday count in place with any degree of certainly under these volatile conditions - we don't use that for triggers anyway.