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Stocks Close Near Highs as Risk Worries Subside

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Apr 23, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. stock markets posted new highs for the year as risk worries subsided after Greece asked for financial aid from the European Central Bank and the International Monetary Fund.

    Investors treated the move by Greece as a step in the right direction although the situation is far from being resolved. Better than expected U.S. housing data for the second day in a row also helped to contribute to the market’s strength strength.

    Technically, at times stocks look like they are stuck in a range but nonetheless they continue to grind higher. This current leg in the rally was tested earlier in the week, but true to form, investors showed up on the dip. This pattern has repeated over and over throughout the bull run.

    Read full article at full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

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