22 JUL 2010, Thursday

• Well...market, like Lucy, will keep you guessing.  
• Took the trendline and 50MA.  So, neutral.  Still below 90MA and prior pivot highs.  Could it improve?  Sure.  Anything is possible...past few years have shown that.
• Something to consider...Ben Bernanke (Fed Head) said yesterday in his testimony before Congress that the economic future is filled with "unusual uncertainty".  So, even he's hedging.  And this from the man who in 2007-2008 kept saying that sub-prime was contained.  Oops!  He was optimistic then and cautious now.  What to make of that...I'll let you decide.
• Market has been tough...many indicators are all twisted after these multiple up/down 7-10% moves.  Their is little clarity...I feel for Ben here. 
• Lately the market has been like this...