Stocks End Week Higher; Bouncing Off 200 DMA Line

Stocks End Week Higher; Bouncing Off 200 DMA Line

Friday, June 8, 2012 Stock Market Commentary: Stocks and a slew of other “riskon” assets bounced from deeply oversold levels as hope spread that another round of global monetary easing will curb the economic slowdown across the globe. In early May, all the major averages sliced below their respective 50 DMA lines which prompted us…