Forex | Forex | Stocks pull back, but losses minimal (22/07/2009 00:33:53)

Stocks pull back, but losses minimal

The major indices finally broke their winning streak but the selling pressure was moderate. This may suggest another retest of the highs, or slightly new highs, are in the cards. Despite today's minor digestion, we feel as though a larger correction is looming at some point. However, we also can't rule out a continuation of the squeeze to elect buy stops in the 958 area of the September S&P. If this happens, we could see 960/962 before running out of buyers. In the meantime, investors are


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