Financial Markets

The market is looking like setting a bottom . . . . ..

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Steady selling all day, mainly the financials and technology . .  no panic . . just steady selling in the absence of buying; low volume.

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A nice relief rally – with Wells Fargo Corp. and Intel reporting nice earnings, crude oil futures pulling back and Pres Bush lifting the executive ban on off-shore drilling( last Friday). JPMorgan and Citi to report later this week and let’s see how those turn out. July options expire end of this week.  

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Increasing volatility . . . . . uncertainty increasing too . . .

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Another day of new lows . . . . 

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