U.S. stocks stay in trading range after a three day rally

The market gains were impressive in the last three days of trading, as hopes for the resolution of the Greek credit crisis lifted markets around the world. However, we must continue to caution stock market investors. The S&P 500 index has not yet broken out of its trading range and continues to be in a bearish downtrend. A pull back towards the support level is possible at this point and would raise additional concerns about losses.

Fidelity Spartan 500 Index (FUSEX, change: 1.06%)

Fidelity Spartan 500 Index (FUSEX, change: 1.06%)

Mutual fund screens are provided by FidelitySignal.com

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s