As reported by businessinsider and some other major financial news portals:

Major stock market indexes continued to meander between significant support and resistance levels and this, of course, can’t go on forever.

Expect a breakout soon, possibly as early as this week, as we reach the end of the quarter and half year mark.

We continue to see significant risk to the downside in most ETF asset classes and believe that we are in a significant stock market correction within what is still a longer term uptrend, but an uptrend that faces growing threats on a daily basis.

We expect the next stock market directional move to be down and you can see our rationale for this bias below.

HOW TO TRADE SINGLE STOCK EVERY DAY AT THE OPENING – NEVER LOSS HIDDEN METHOD – CONTINUE HERE

Wall Street Sector Selector will be raising prices on all its portfolios in July and so we are offering a “final summer sale” which will run until Sunday evening at midnight Pacific Time.  You can access this information at Wall Street Sector Selector Summer Sale

The Business and Financial News Week Ahead

The big news to watch for this week will be the votes in the Grecian Parliament on Wednesday and Thursday, the outcome of the stalemate between the White House and Congress over deficit reduction and several significant economic reports sprinkled throughout the week for housing, consumer confidence, unemployment and manufacturing.

Monday: May Personal Income, May Consumer Spending

Tuesday: April  Case/Shiller Housing Report, June Consumer Confidence

Wednesday: May  Pending Home Sales

Thursday: Initial Unemployment Claims, Continuing Claims

Friday: June Consumer Sentiment, June ISM, May Construction Spending, June Motor Vehicle Sales