Market Forecast + Sector Watch: SPX, Nasdaq, USO, XLF, XME, XLE, PBW
Posted on July 19, 2009 at 22:53 PM EDT
Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks very vulnerable. The market would have to overcome a lot of downside pressure to push higher. Goldman Sach’s (GS) earnings on Tuesday morning could decide the market’s near-term fate." Indeed, GS earings turned out to a dominant force. On Monday, stocks jumped [...]