The Week Ahead: Fake Out or Breakout?

After a generally positive week, the stock market rally stalled Thursday and the sellers have stepped back in early Friday. The major averages are down 1-1.5% by mid-day so most of the major averages are likely to be lower for the week. In last Wednesday's session, the NYSE Composite was finally able to overcome the resistance from last July. The other major averages have tested their major resistance levels but have not yet been able to breakout to the upside. Even though the S&P 500 is near an...