Oversold rally

Posted on Wednesday the 4th of March 2009 at 23:30 by LtPinback

Overnight news of a Chinese stimulus package lifted sentiments as well as energy and natural resource stocks and commodities. Once the gap to Pivot Point was closed, the market took off on decreasing volume on the upside. This coupled with GE record lows and the relative weakness of the Financial Sector made the rally uncertain. [...]

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