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Archive for July 7th, 2011

Posted by Martin July 07, 2011

Stock market overextended

Stock market overextended

Today the market was yet another surprise. S&P 500 gapped up and basically broke through the major resistance level. All happened because of job claims data. When I reviewed them I didn’t consider them that amazing. Apparently good enough to bring another wave of enthusiasm to the market. But the volume was once again quite Continue reading →