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Daily Archives: May 3, 2010

Keep Your Eye on this Retailing Stock

May 3, 2010
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Keep Your Eye on this Retailing Stock

In my mind, the market today is in something of a rolling consolidation–it began two Fridays ago when the news broke that Goldman was being indicted by the SEC on fraud charges.  The major indexes took a hit, but rallied back … before succumbing to some renewed selling pressure early this week. Overall, this is still a strong bull market, but I do think some more potholes are ahead, at least for individual stocks.  Whereas the major indexes might pull back 2% to 5%, many leaders can drop 10% or more, especially with earnings reports flying around. My thought...

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