Bulls Face a Battle in the Week Ahead

It's been just over a week since I last weighed in on the overall market. That column, from April 30, will serve as a good reference point for what follows. Heading into the afternoon on April 30, the market was showing signs of weakness, but those signs were offset by a number of factors that were still working against the bears. This left me bearish but uncommitted to a longer-term short. 

The result of this tug-of-war was a strong downward flush in the major indices throughout the session on May 1 that took the indices into their first main levels of support on the intraday time frames, but it was not enough to change the daily tide. The bulls quickly recovered the next day and continued to punish the hardcore bears by busting through the year's highs with a strong opening gap on May 3....342 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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