impact of Moody downgraded US credit rating

Sunday, 8/7/2011

Weekly Market Analysis Last week: Stocks Tumbles due to debt ceiling fears, Moodys warned on US downgrade last week, but on monday debt ceiling was approved by congress. on friday afternoon, s&P downgrade us AAA rating to AA+. Factory order, ISM index, ISM service were down from previous month. consumer confidence was drop as well
initial claims and non farm payroll show improvements. US down 4% before moodys decision on US downgrade.fear lead the market down. now most of stocks traded below it's 200 MA
Riots in UK.
Next week:

• FOMC meeting -Retail sales on Friday Prediction: Monday Down this week: down as debt fear still lead the market

Target for Short ACOM
Long DLTR