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Monday 29 July 2013

Stock Market Analysis

Stock futures are falling before markets open
Not much news or major earnings today
Pending Home Sales were better than estimates but worse than previous
Hertz only met estimates, Wynn Resorts missed estimates, both stocks are down during per-market
After markets opened, most stocks are trying to rebound
S&P 500 rebounded to 1690.5 but dropped quickly below 1690, 1690 seems to be a resistance for now
Google is hesitating at 890 but edging towards staying above 890

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