Market Still Has 2 – 3% Upside. Overnight News Should Be Good. Watch For Resistance Next Week


The market has been relatively quiet this week and momentum is pushing stocks higher on light volume. Investors are still holding out hope that Europe will get its act together. After an 8% rally in less than a week, we should expect consolidation or a small pullback. Stocks are trading lower today and bears need to temper their excitement. A “senior German official” told Reuters that he is more pessimistic now than he was a week ago. He does not see an overall summit deal this week. This should not come as a major surprise. There is no way that 17 …

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