Dave Landry

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Got a Minute?

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim061011/mim061011.html

Got Random Thoughts:

The market broke its 6-day losing streak but not by much. The Ps
closed up less than ¾% and the Nasdaq only closed up around 1/3%. 

The sector action wasn't very impressive either. Some in
longer-term downtrends did bounce a bit but some recently stronger
areas such a REITS sold off.

I hate to short into oversold but I think we need to start adding
on the short side.

I hope I'm wrong. I dare this market to prove me wrong and go on to
make new highs.

Regardless of what you do, make sure you wait for entries. That, in
and of itself, can often keep you out of trouble.

The futures are weak pre-market.

Best of luck with your trading today! 

Dave

Questions? Comments?  Buy my new book, read it, then shoot me an
email at dave@davelandry.com or call me at(1) 985-898-4993. 

Disclaimer:

All predictions are about the future. A lot of $#*!  can happen
between now and then. 

Information is provided for educational purposes only. 
See more disclaimers at www.davelandry.com