Friday, June 12, 2009

Index Futures Pointing to Flat Open on Friday

Early Friday morning the US stock Index futures were pointing to a rather flat market open.

In Thursday's action, it seemed that some underinvested folks decided to buy -- and some folks betting short decided to cover. But the market that was trading higher through the day began to wane toward the closing bell -- typical lately. So far the Bull is still snorting and stomping, trying to gain traction for a sustained move over S&P 950 -- but, thus far, he has been pretty much just putting on a good show because the reality is that we seem rather range-bound.

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