SSS - Just How Weak is this Market?

Published : June 22 2012 at 15:58 ET

As Gil is fond of saying, "If you think the market is weak, try shorting a couple of stocks and see just how weak it is." We note the persistent upside movement in FFIV and VMW along with the market's resilience after shaking out through the NASDAQ 2866 fail-safe level as a possible clue here as FFIV and VMW also push through their 10-day moving averages. The market could simply be shaking everyone out here so there is no need to force the issue.

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