Cubefield Game

Last report we stated there was "a potential for market neutrality or strength moving forward." The morning after that report was released the Dow was at 9,910. The market closed today 358 points higher at 10,268. Over the past week the market remained basically neutral with the majority of strength coming in todays 169 point gain. The investor confidence reading, however, was gained last week (prior to todays gains) and moved 3.1% lower to 29.4%. This reading is now part of a lo-hi-lo pattern and may be indicative of investor uncertainty. This data now indicates a potential for market weakness moving forward. Read the rest of this entry »