The market had a nice rally into the close yesterday to offset the earlier weakness. The SPX looks to be consolidating a bit below its overhead 200-day. I would still like to see a follow-thru accumulation day this week. Absent that, there could be more selling pressure.This morning, there will be a meeting between Fed Chairman Bernanke, Treasury Sec. Paulson, and Senator Dodd. I’m not sure what it means, but hopefully they will come up with some good ideas to improve the current credit crunch. The Fed, for its part, injected [...]
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[Source: The Money Blogs]
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