A 6 week loosing streak sort of comes to an end with a tiny up week close. Seven straight down weeks has happened only once since 1928. Technology is now squarely in the red for the year (closing down for 5 straight weeks) while small-caps are struggling. The market may still get a bounce next week if the right actions are taken about Greece this weekend. The dilemma is that the market is oversold and everyone knows it, but it lacks a catalyst. I am more inclined to look for buying opportunities into early week weakness after two straight up days to close out option expiration. Happy Father’s Day!
