Stock Market Analysis – 06-19-2009
June 21, 2009 at 1:48 pm · Filed Under Broader Market
This is the first week in a long time that dropped below the previous week’s low. Unlike the previous drops though, this one wasn’t straight off a cliff, hitting support around $900 midweek. We’ve been seeing little signs of stability along the way, and this is yet another one. A solid base would allow some more aggressive breakout plays here, but as it stands right now, the safest bet still appears to be picking and choosing selectively. These are the areas where I always have to remind myself that capital preservation is the key, so expect to see that theme all through the summer.
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