Sector Detector: Stocks Make A 7-Day Patriotic Rally
Posted on July 07, 2011 at 08:27 AM EDT
Stocks have had a great run over the past seven trading days, after a double bottom chart formation provided a launching pad, and with a little bit of good economic news sprinkled in at opportune moments along with a patriotic Fourth of July holiday. The ADP Employment Report, initial jobless claims and continuing claims all come out on Thursday, and then the June Employment Situation and non-farm payrolls on Friday. We’ll see if it turns this into something more than just an oversold bounce. [More...]
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