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From: Rarebird	6/7/2010 9:07:12 AM
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Transcendental Market Truths: The Market: The very high Arms ratio Friday (over 12) likely means a bounce on Monday. Only a new stimulus package passed by Congress will have any hope of pumping stock prices back up. If there is stimulus, expect a Summer Rally into late August in the stock market even as the economy dives back into recession. If there is no stimulus, expect hell on earth for bulls. Gold: Gold should remain in a trading range with a slight upward bent for a few more months. But, eventually, the recession will take its toll on the yellow metal. Mining Stocks (HUI Index): There is no sign of real accumulation in the mining shares to recommend them here. Nasdaq-100: The last rally showed bearish divergence against the money flow line, indicating that the sector is now under distribution. S&P 500: SPX has been consistently breaking support lines and rallying back to retest them from underneath, which is definitely a bearish pattern. Russell 2000: Money has been exiting the small stocks of RUT like there's no tomorrow. And, there may not be for many of them.

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