Monday, July 6, 2009

Meanwhile, Stocks Continue Drop Toward Confirming Top

Stock index futures have also continued to decline, showing continued weakness. This is causing commodities across the board to decline also. More global worry! The past few trading sessions have renewed deep worries about the state of the global economy. We have declined through last week's lows and are now targeting the lows of May, where the stock market consolidated throughout most of the month. The head and shoulders top I wrote about last week is getting closer to being confirmed.