Stock Market Analysis – 06-16-2008
June 16, 2008 at 9:12 pm · Filed Under Broader Market
The S&P 500 started down but recovered towards the end of the day after oil retreated. Tech stocks did well again though following the good news from ADBE last Friday and RIMM today. However, ADBE issued a forecast below expectations today, so the negative vibes may show up tomorrow. Expect this trend (in the channel drawn above) to continue for now.
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