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This Rally Looks Tired

by John Lounsbury

There is a difference of opinion about what the month of June will bring for the U.S. stock market. Some notable opinions from RealMoney contributors include: Helene Meisler has detailed technical analysis and concludes that the trading volume patterns necessary to support an advancing market have been absent recently. Vince Farrell has some ambivalence about the prospects for June. Jim Cramer is still constructive on the market in the coming weeks, believing cash flows are supportive and investors should not panic in pullbacks. Doug Kass opines that the next 50-point move in the S&P 500 will be down (to about 895 based on the closing price June 2, the date of publication). Dick Arms sees a lot of overhead supply that is restricting any further advance. However, he believes it would be better to wait for an actual sign of weakness before going aggressively to the...

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