The bulls closed the week by adding to a 3 day oversold bounce. For the S&P500 it narrowly missed a positive week and that makes 4 down week in a row. Volume was light due to the holiday, but breadth was good. Fundamentally, the economic reports show some sign of slowing and the European sovereign debt problem is still lingering. The Call buyers were very active today and could hint at another short term drop, but we have beginning of the month buyers and the potential for a summer rally further down the road. Have a very nice long weekend!
Related posts:
