Dear Members: MARKET NOTE: Dear Members: We've now got three up days in a row as we get ready to close out the month of June. Most likely a great deal of the buying is related to institutional need to buy stocks into quarter end. Accordingly the S&P…
Dear Members: MARKET NOTE: Dear Members: We've got day two of a nice bounce off of the recent lows with all of the major indexes higher. Interestingly, we've gone from despair to feeling good in the space of 48 hours with the VIX down another 9%…
Dear Members: MARKET NOTE: In yesterday's market update I made the case that the market was ripe for a bounce. We got that today with all of the major indexes higher. However, I also mentioned that the S&P would struggle at its 200 day moving average…