New credit downgrades to a number of banks by S&P and still-negative chart patterns mean Bank of America and Citigroup are still very much out of favor.
While the market's pullback to key support is a caution sign for now, it’s also likely to result in a rally next week -- one critical to the market’s intermediate-term future.
It could be a couple of weeks until we know the true effect of the latest US debt debate in the markets, but there are still no clear signs that a year-end rally has been written off.
A proper breakout could be on its way as early as next week. Watch for any pullback as a buying opportunity in these specific sectors.
Certain lower-priced sectors carry higher risk right now. Count on relative-performance analysis to stay in the strongest areas of the market.
Markets are selling off sharply on the latest debt-crisis developments, but investors are likely to realize good buying opportunities on the drop.
Tuesday’s drop gave investors an excellent entry point for a sustained rally. Of course, certain groups appear better than others at the moment.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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