Cusick’s Corner 05-08-2012
Here’s one positive from today — the market was able to retake mid-term support (50-Day Moving Average) into the close and hold it. The big driver was the surge in the Energy sector, XLE -.32%, finishing the day well off their worst levels and outpacing the S&Ps in the effort to get back to break even. The increase in volume associated with this late day move was another plus as well. The Bid in the Dollar, UUP, and the Bonds, TLT, tempered the late day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards