Cusick’s Corner 06-19-2012
Resistance breached but not held. There was a lot of noise in the After Hours, most of it was denied and then discounted (referring to late day headlines that EFSF/ESM was set to buy Sovereign Debt, only to have Germans deny it) and then the market finished right at resistance, 1350 on the S&Ps. This puts the FOMC right in the limelight and anything that’s short of a QE3-type announcement could be a big disappointment to the recent crop of bulls. If the news … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards