Monday, July 6, 2009

Will The Market Rebound Soon?

As of COB 7/6/2009, the US stock market is showing some signs of resiliency by rebounding at the end of the day following a dismal session. It seems that we are heading lower in a W pattern with potential for a surprise if any good news comes along. I feel the Market is going into oversold territory as profit taking from the March Lows and renewed uncertainty is leading the way down.

Look for a few stand out stocks to buck the trend as we approach a CRITICAL earning season in the second half of July,
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