Often day traders watch the markets for ‘gap and go’ trading sessions. This is when the S&P 500 futures trade higher 7.0 – 10.0 points before the opening bell and rallies throughout the rest of the trading...
Read MoreWhile the markets are surging higher today, financial stocks are weak on the back of earnings from Wells Fargo & Company (NYSE:WFC). The company reported net income that rose 51% but revenue fell. Revenue dropped to $20.3...
Read MoreThe markets opened sharply higher today on the back of a major beat down of the Dollar and some positive earnings. Anytime the Dollar drops, it rallies the market. The bigger the drop in the Dollar, the larger the up move in the...
Read MoreThe leading gold and silver mining stocks have recently lagged the precious metals themselves. Sometimes the leading mining stocks will lead the metal, however, they have been lagging the precious metals since mid-March 2011....
Read MoreThis morning, the major stock indexes are soaring higher. The rally looks to be broad based as almost every stock on my screen is in the green. Most sectors are trading higher including technology, retail, energy, and mining....
Read MoreTraders can easily see by this chart that when the U.S. Dollar Index declines the S&P 500 e-mini futures rally higher. This is the main catalyst for the gap higher open in the major stock indexes. We can only wonder when...
Read MoreThe United States Oil Fund(NYSE:USO) sold off a little from its intra-day high just before spot crude closed on the NYMEX at 2:30 pm EST. Traders should watch the $42.80 level for intra-day support. This could also be a likely...
Read MoreThe major stock market indexes have all rallied back higher this afternoon as the U.S. Dollar Index(DXY) makes new intra-day lows. When the U.S. Dollar Index declines it will help to inflate most stocks and commodities higher....
Read MoreThe solar stocks have been dropping significantly over the last two weeks as global cut backs on subsidies loom. The fears are great that with austerity measures being pushed through, less rebates will be available for solar....
Read MoreThe markets opened slightly higher today after Tim Geithner defended the U.S. credit rating. He expressed his belief that there is “no risk the U.S. would lose its AAA credit rating”. This helped weaken the Dollar...
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