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Mon, 29 August 2011
Calm after the Storm?
This is a big week for economic data, and the numbers could push the market back to its state of volatility. As we head to the Labor Day weekend, the market will be looking to scrutinze Friday's job report for indications on the direction of the economy.  
Finally, the charts of the various stock indicies indicate that there will be resistance for the market trying to get through the following levels: Dow 11500, Nasdaq 2600, SP500 1220. Until these levels are overcome in a convincing way, caution is warranted. 
Posted: 8:44 CST

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