Stocks Try To Bounce Back

Hello traders everywhere. Stocks are looking to bounce back a week after they suffered a bit of a pullback that resulted in weekly losses for the S&P 500 -1.2%, DOW -.65% and NASDAQ -1.1%. The losses came on the heels of a record-setting week, so it's expected that there was room for a pullback.

What was a positive morning for the stock market with better-than-expected earnings from companies ranging from Coca-Cola (KO) to United Technologies (UTX) has turned mixed as we head into afternoon trading. Will the market post a positive weekly gain this week?

The U.S. Dollar issued a new green weekly Trade Triangle at $97.58, indicating that we could see a long-term uptrend take shape. This came after news of a congressional deal to extend the U.S. debt limit for two years, easing fears of a government default.

Key Levels To Watch This Week:

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

One thought on “Stocks Try To Bounce Back

  1. Please get this stock price to climb upwards I am at my wits end. RIG
    95.92 would be the target price per share.

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