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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

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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

    Disclaimer: Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.
     
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