Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME
Posted on August 02, 2009 at 19:59 PM EDT
Last weekend, in my Market Forecast, I said, "For the new week, although market still looks strong, it is also toppy. After 2 weeks of rallying, it is starting to look sluggish. SPX 980 is posing some resistance. We could see some profit-taking and consolidation here before testing SPX 1000. SPX 950 now should be a [...]
Agnico Eagle Mines Barrick Gold Corp. Freeport-McMoRan Copper & Gold Goldman Sachs Group, Inc. PowerShares DB US Dollar Index Bullish Fund Randgold Resources Ltd SPDR Gold Trust SPDR S&P Metals & Mining ETF Select Sector SPDR-Financial Singapore Straits Times State Street Corp. United States Steel Corp.
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