After the steepest two-week rally in more than two years, the S&P 500 is at the top end of it's range for the past two months.Monday earnings and guidance from IBM, followed by results from Apple, Coca-Cola and Intel on Tuesday will give shorts a reason walk away, or wish they had..S&P 500 will take out that well defined resistance at 1,220, making it a sinch to meet their 52 week moving average goal plus, with upwards of 3% tacked on to that..
another bear trap
after a two week rally, do you really believe that the broad market will continue to move higher day after day? Not all earnings released this week will be good. Some no doubt will be a disappointment. The Banks will be among the losers. Buy FAZ! SS
Like that going to happen! Stocks will sink this week! Polish says so...