The markets are wild today on the back of comments from the ECB and Jobless Claims that shot higher to 474,000. The SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA) are trading lower while the...
Read MoreThe Dollar ripped higher today causing commodities to be annihilated. The Dollar jumped on ECB comments that pushed the Euro lower. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) hit a high of $21.18, +0.23 (+1.07%). This...
Read MoreThis morning the major stock market indexes are all coming under some selling pressure for the fourth consecutive trading day. There is one sector that is bucking the short term trend and it the highly popular transportation...
Read MoreThis morning, WTI oil is trading sharply lower by $3.74 to $105.51 a barrel. When the U.S. Dollar rallies higher most commodities will come under some selling pressure. The United States Oil Fund(NYSE:USO) is trading lower by...
Read MoreThis morning the European Central Bank (ECB) kept their benchmark interest rate unchanged at 1.25 percent. ECB President, Jean-Claude Trichet, made a statement that he never pre-committed on rates. This statement caused the U.S....
Read MoreThe U.S. Dollar Index(DXY) is trading lower by 0.08 cents to $73.06. This is another new daily chart low for the U.S. Dollar Index, however, the DXY is trading off of its intra-day low. As you probably know by now, when the U.S....
Read MoreOil stocks have collapsed this week, a sell off of monumental proportions. The drop was almost too obvious as oil was at a level where if it moved up, the oil stocks would sell off and if it moved down, oil stocks would also...
Read MoreThis morning, the major stock market indexes are coming under some heavy selling pressure. The decline in the major stock indexes looks to be very broad based. The one sector that is leading the decline this morning looks to be...
Read MoreThis morning, the major takeover news comes as Applied Materials Inc.(NASDAQ:AMAT) buys out Varian Semiconductor Equipment Associates Inc.(NASDAQ:VSEA) for $63.00 a share in cash. This buyout is causing some of the other leading...
Read MoreAround 11:00 am EST the U.S. Dollar Index rallied sharply higher off its morning lows. When the dollar pops the stock market drops. Short term traders must keep one eye on the U.S. Dollar Index chart at all times, as it seems to...
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