Earnings reports may tell; market battles over key technical level

Apple, AT&T, Procter & Gamble and Comcast are among the major corporations releasing reports this week

 

In the shorter term, Frederick sees a brief period of weakness, followed by a new uptrend potentially motivated by this week’s earnings reports. In the long term, he continues to predict that the SPX will reach 1500 by the end of 2012.

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