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