As you know various technical levels of the stock market have been tested in the past few weeks. In general this quarter will more than likely end in the red.
The headline for the excerpted Reuters articles is intriguing with bulls ready to charge.
Long story short, the market is poised for gains in two weeks if corporate second quarter reports are strong. We know the alternative. Between now and the beginning of July the same type of volatility of recent weeks seems possible.
Reuters: Bulls ready to charge into a wall of worry
The sources of the recent decline, including Greece's slow march toward a default on its debt, weak U.S. economic data and the creeping deadline to lift the U.S. debt ceiling, are far from being resolved.
...daily volume on the New York Stock Exchange, NYSE Amex and Nasdaq has averaged 7.22 billion shares.
That is down from the 7.94 billion shares traded daily during the first quarter...
The next two weeks, before quarterly earnings season starts in earnest, could be marked by wild swings like the ones seen recently.
Besides the weekly jobless claims numbers, housing and manufacturing data will attract the most attention next week.
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