Cusick’s Corner 08-22-2012
As I noted early this week, this has been a big run on light volume and a pullback at this stage is healthy. These are short-term actions in a longer-term uptrend. On the S&Ps, I will be looking for the 1395-1400 level to be defended in this pullback. The Euro Currency will continue to be my barometer and if there is a concerted pullback in the 1.23 region, could be a red flag for the equities. I will be watching the Crude markets, USO, and with demand off, I will … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards