Stocks have the best week since last November. The S&P 500 index went up 10.7% to 756, the Dow Jones Industrial Average increased 9% and the Nasdaq composite index gained 10.6% for the week. Stock market will not go up forever and will not go down forever. From the weekly chart of the S&P 500 index, its momentum (STO) is still below 20 at an extreme oversold level. This indicates that we are not out of the woods yet. Howerver, any rally is welcomed at this precarious economy down time. Hopefully the good economy news will keep coming, government's stimulus plan can work its way around, and the market can stabilize at this level.
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