This Rally Should Start To Stall Later In The Week!
Last week, the market did not have to fight off bad economic/credit news and it was able to rally higher on good earnings. Corporations are making great money and balance sheets are strong. Typically, earnings season kicks off with some of the strongest companies reporting early. Economic conditions have been gradually deteriorating and there weren't any major releases last week. That will change a little this week and consumer confidence, durable goods orders, the Beige Book, initial claims, GDP, Chicago PMI and consumer sentiment will be released. Durable goods orders have been volatile and given solid earnings from Ford and Whirlpool, …
July 26, 2010
• Posted in: Options
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