Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, MOO
Posted on May 11, 2009 at 00:53 AM EDT
Last weekend, in my Market Forecast, I wrote, "For the new week, the "stress test" results on banks will likely be a mover for the market. Meanwhile, much attention seems to be shifting towards energy sectors. Techs are still healthy and Nasdaq should push to perhaps test 1800. For SPX, 900 is the next resistance." Indeed, the stress test [...]