June Begins

June arrives with the index markets stuck between the generally bad economic news and trading ranges which have been slightly supportive since the end of January. Macro bears have repeatedly laid-out the downside argument without much result while the bulls seem content simply not having a price disaster. No one is expecting much of any positive news from the unemployment report this Friday but the bears still may need to get any downside work done early in the week. If not, they could find themselves back against the rally side of dull but not harmful economic data.