Goldman Sachs Group, Inc. (NYSE:GS) and Amazon.com, Inc. (NASDAQ:AMZN) were two of the few stocks to post gains today. Both stocks showing signs of life in sectors that are getting beaten up today. Goldman is trading at $139.40 +$2.71 (1.98%) while Amazon.com is trading at $122.46 +$0.34 (0.28%).
The markets are getting knocked around today as fear continues to bubble up in Europe. The Euro is getting hit while the U.S. Dollar is surging. The markets are off their lows of the day but still seem to be just holding above the lows of the day. It appears they could retest their lows at any time.
The markets have continued their sell off, touching the master level on the SPDR S&P 500 ETF (NYSE:SPY) at $105.00. It briefly crossed below hitting $104.38 on the open, before rallying back higher. $105.00 remains a solid level. Should the markets sell through that area, $103.50 – $104.00 is next.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
