Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLE, XLF, GLD, CLF, BTU, PCX, WLT, ACI, APA, EOG, HES, DVN, NOV, SWN, BAC, C, GS, SLV
Posted on July 24, 2011 at 23:14 PM EDT
Last weekend, in my Market Forecast, I said: "The market is in a range right now, consolidating after 2 weeks of sharp rally. As soon as the Congress reaches a resolution/compromise to raise the debt ceiling, the market should breathe more easily. Until then, we’ll likely see stocks being driven by earnings." The market did [...]