market update friday 6-12-09

This market has been a tug of war between the bears and bulls. The markets haven't really gone anywhere in since the beginning of the month. Although there is some slight bullish tint to the direction.

Next week is triple-witching week with options, futures, and stocks expiring.

This week we have been consolidating. I think that we are going to either break up or break down. I'm hoping for a break down.

This has been a painful month waiting for a breakdown while the market has been mostly flat (although slightly bullish).