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Stock Market 9/8/10 September 8, 2010
The Stock Market dropped on Tuesday after a huge run up in stock prices last week. While I still feel we are a bit oversold in the short term, I still own AAPL & BEXP for the long term. With last weeks spike, I raised a lot of cash and sold out of most of my short term positions.
The Dow Jones will continue to have resistance around 10,450-10,500 going forward.
The two major pieces of economic data this week are the Fed Beige Book 9/8/10 at 2pm EST followed by initial jobless claims on Thursday.
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