The CBO Paints a Bleak Picture for Market Investors (NYSE:SPY),(NYSE:DIA),(NASDAQ:QQQQ)

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The Congressional Budget Office says the deficit will reach $1.3T in 2010.  They also claim economic growth will remain 'muted' for the next few years.  That could be tough for investors in broad market ETFs like SPDR Trust, Series 1 (NYSE:SPY), Diamonds Trust, Series 1 (ETF) (NYSE:DIA) and PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ). 

Predicting Short-Term Stock Market Moves (NYSE:DIA),(NYSE:SPY),(NASDAQ:QQQQ)

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While it is not exactly possible to predict the future path of the stock market, Cliff Wachtel does help identify some forces and events that can help anticipate some of the upcoming market action. 

Analyzing the Diamonds Trust (NYSE:DIA)

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The Dow Jones is at a pivotal point right now as the current price for the Diamonds Trust, Series 1 (ETF) (NYSE:DIA) is resting on the lower trend line for the bullish price channel (blue line) and also is also resting on the 50-day simple moving average (orange line). 

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