- Get dividend stock recommendations from our dividend portfolio
- Learn how to build positions at the DRIP Investing page
- See how dividends can fit into your passive income strategy
Market Update June 17, 2011
Posted on | June 17, 2011 | Comments Off
The S&P 500 is eying a bounce this morning as traders/investors gain confidence over the situation in Greece and Europe. While of course no long-term solutions are offered, traders can be appeased in the short term with the promise of short-term bailouts and stability efforts.
Interestingly, Apple (AAPL) broke its 200 day moving average yesterday for the first time since early 2009. Since Apple is such a widely watched stock and considered a leader in market action, this could be significant. Let’s see how it trades along with the rest of the market today.
With a big up day, the S&P and the markets can escape a seventh straight down week which would have been the first time in decades that this happened.
We’ll do a follow-up update this weekend after we see how Friday trades and the week closes out.