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Stocks Prove to be Resilient, but Monday Differ

Jul 21,2008

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Earnings, options expiration, tame crude oil futures and oversold technical conditions have saved the stock indices this time around but many are wondering if a retest of the lows is imminent. Despite being a bull at heart, I see significant resistance in all of the major indices. While the Dow seems to be trading above (and holding) my original target, the S&P and the NASDAQ aren’t sharing the same technical success. This isn’t a surprising phenomenon given the fact that the Dow was the

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