S&P 500: 1104.18  +5.31              NASDAQ Composite 2236.20 +7.33        CBOE Interest Rat 2.761 +1.07        Treasury Yield 30 3.845 +1.22        HANG SENG INDEX 21167.27 0.00        NIKKEI 225 9098.39 0        BSE SENSEX 18799.66 +132.95        DAX 6221.52 +57.08        FTSE 100 5494.16 +64.42        CAC 40 3722.15 +44.94        ESTX50 EURP 2782.43 +29.54        CBOE Interest Rat 2.761 +1.07        Treasury Yield 30 3.845 +1.22                
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02
Jun

We discuss today’s sell-off that the charts told us was coming. We are expecting more weakness in the S&P over the next 2 weeks and are preparing to cover our short in oil as it may be setting up for another move higher. We also look at some unhealthy financial stocks that may lead this market lower. And did anyone catch the continued short squeeze in TSO? Up another 11% today!

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Craig

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