As the market heads higher, the financial stocks lead the way. These gains continue to mount as concerns over Europe remain muted and economic news from China is strong. Stocks like JPMorgan Chase & Co. (NYSE:JPM) are up...
Read MoreThe markets are rallying today on the back of China’s official Purchasing Managers’ Index. This economic number came in better than expected and has the SPDR S&P 500 ETF (NYSEAMEX:SPY) trading at $132.71, +1.39...
Read MoreAll of the leading gold mining stocks have surged higher over the past week. The popular Market Vectors Gold Miners ETF (NYSE:GDX) has rallied higher by over $6.00 since January 25, 2012. This is a very fast move in such a small...
Read MoreNearly everyday we hear about the problems in the Middle East with Iran. While there could be conflict with the oil producing nation; it is important to realize that this is not causing gasoline to increase in price. Gasoline...
Read MoreThe PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) made a new 52 week high by $0.06 today. This minor high is also known as a classic double top. The technology index fell sharply off that level and is now trading near the...
Read MoreAfter an impressive recovery yesterday, the markets opened nicely higher today. These light volume floats in the market are normal in 2012 and have helped keep stocks near their 52 week highs. However, major technical issues are...
Read MoreNearly every trading day the major stock indexes will decline before the noon hour. This decline in the major stock market indexes usually leads to a light volume rally that lasts into the close. For example, yesterday the major...
Read MoreLight volume is saving the day once more. After an ugly gap lower, the markets are floating back towards the flat line. This is classic behavior for a market without volume. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at...
Read MoreStocks opened sharply lower to start the week. The drop was driven by issues bubbling up out of Europe once again. While these European issues came up early Monday morning, a master target had been achieved late last week in the...
Read MoreThis morning, the U.S. Dollar Index futures (DX H2) are trading higher to start the day. As we should all know by now, when the dollar starts off strong the major stock indexes will usually be weak. That is certainly the case...
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