Nice way to start the Summer

June 21, 2006 · Print This Article

The market moved decisively higher today on very little economic news. Tomorrow is lacking any sort of important market moving events as well so it could be tricky over the short-term. It must be noted (as a have stated numnerous times) that the period following June options expiration is particularly bearish, especially Mondays and Thursday. Well, we know how Monday turned out. Will Thursday also live up to its historical billing?

On another note, I have been going over the new QQQQ and its looks very promising. I should have the research, back-testing, and trading guidelines very soon. Hopefully, the beginning of summer will be kind to all of our strategies.

RSi Wilder (5) for June 21, 2006