Technica Analysis Review of the Stock Market and Stocks 6/6/06

The market didn’t continue to selloff aggressively today and the end of day action did show some signs that buyers may be able to push the short term trend higher tomorrow. Even if buyers do regain control of the trend tomorrow I believe it will be a short lived rally as the markets remain in a severe downtrend. The is no reason to believe the trend is turning higher, the evidence just is not there yet. Continue to be defensive, this market environment is best for daytrades. This video outlines where the potential turn will come in the short term trend tomorrow and it also reviews stocks which were previously mentioned.