Stock Market Analysis – 08-20-2010

August 22, 2010 at 11:51 pm · Filed Under Broader Market 

S&P 500 Daily ChartAfter a brief bounce, the market appeared to be heading back south only to have a bullish reversal on Friday after lunch. That leaves us squarely in the middle of no man’s land again, and still waiting for something to force action.  Consolidation periods aren’t bad if you have your stops wide enough, so hang tight on your current positions and wait for signals on new ones.

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