Stock Market Rally Could Have Legs

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In last weekend’s column I noted that the market was again short-term oversold and due for another rally attempt. But I said, “I’m not ready to turn bullish yet. Let’s see the second-quarter earnings reports due out this week and how the market reacts to them.” I noted that the January – February market correction began when December quarter earnings were released, even though those earnings were impressive, and the more serious April-July correction began precisely when March quarter earnings were released, even though they were also better than forecasts. To read the rest head over to
StockHouse.com
Posted In: MarketsTrading Ideas
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