UNUSUAL TRADING ACTIVITY

Unusual Trading Activity 2009

Houghton and Atkeson

What's Ahead for the Markets

Looking into June, the market should begin refocusing on upcoming earnings reports for evidence the economy is gaining momentum.

Watching the Treasury's Actions

In the short-term, the government's bond auction is likely to be a key driver of stocks.

Treasury Auction Boosts Market

The Treasury's auction of two-year notes brought an upside surprise which should alleviate fears of a lack of demand for U.S. paper.

Credit Markets Point to Upturn

The credit market, a reliable indicator of equity direction, suggests we will break out of the SPX's trading range to the upside.

Market Cooling Down

The market seems to be saying that a 30% move up from the lows is ahead of the real economy and the market needs to allow the economy to catch up.