Cusick’s Corner 08-07-2012
The market continued to chop around — wow, no insights there but the offensive sectors, XLE, XLY, XLI and XHB, were all up 2X the S&Ps which is supportive of the bullishness of the market. The Small Caps, IWM and RUT, were both breaking resistance, $80, which again is positive. Lastly, bond yields are moving up and prices down, the continuation of a trade out of bonds into… potentially equities. I am tempering my enthusiasm a little because the Financials, XLF, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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