20 Aug '12, 1am

The Weekly Market Analysis For August 13th – August 17th

The Weekly Market Analysis For August 13th – August 17th

Stocks pushed higher this week, with three of the four major index ETFs flirting with the 52-week high. A clear break above the 52-week high indicates another wave higher in a long-term uptrend could be underway. The current levels of these index ETFs are pivotal price points. With declining volume and not all the indexes confirming the move to new highs, the possibility of a double top or false breakout to the upside remains a possibility. Therefore, this is a critical juncture for stocks, and it will determine if this uptrend continues or runs out of gas.

Full article: http://thefinance.sg/2012/08/19/the-weekly-market-analysi...

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WebSnob August 17th, 2012

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