Well, that was just about the nuttiest week I’ve seen in nearly 30 years of trading! And within the week, Friday’s rally was very impressive. However, it stopped right at that long term resistance (formerly support). I suppose the next move will depend on Greece news, but I’d certainly be cautious right now.
When the market slumps, it’s always a good idea to start looking for bargains. A bargain for me is a stock that’s right near support, offering high reward for low risk. FedEx (NYSE:FDX) fits that bill.
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I’m a Comcast man, so I don’t often look at Time Warner Cable (NYSE:TWC). Maybe I should!
Back in two weeks to celebrate the dog days of summer!