Stock Market Analysis – 04-09-2009

April 9, 2009 at 10:42 pm · Filed Under Broader Market 

SPY Weekly Chart

A really strong close to the shortened week (closed for Good Friday) continued the positive streak on the weekly chart.  Volume was a bit weak, but with WFC preannouncing a positive quarter people are all optimistic about the near future.  I’m not sure what to think yet.  I’m not convinced the banks are okay yet, and I definitely don’t think the economy is on solid ground, so I guess it’s a wait and see period.

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