Sunday, June 13, 2004

Chart of the Week

CBOE Index Put/Call Ratio (simple 5-day moving-average)
(>1.70 Bullish, <1.00 Bearish)
Close: 1.35

Bottom Line: Put/Call, ARMS, VIX and AAII % Bulls readings are all pointing to a weaker-to-neutral environment for U.S. stocks in the short-term. The market has technical and psychological hurdles in the short-term as well.

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