The Traderszone Network

Published in TZ Latest News 30 May, 2014 by The TZ Newswire Staff

Stocks’ Uptrend Stays Intact: Can Summer Rally Follow?

Stocks trotted to a mixed finish Friday as the new uptrend continued to avoid hard shots. The Nasdaq slipped 0.1%, while the S&P 500 rose 0.2%. The IBD 50 lost 0.8%. Volume rose across the board. The absence of bearish action during the week gave the bulls cause for hope. A distribution day — a significant loss in a major index in rising volume — soon after a follow-through day is often fatal to a new rally.

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