The markets are holding on the flat line as many stocks have turned positive. From technology to financial stocks, flat to positive now seems to be the way of the day. The market would have a chance at a solid move up, but two key stocks must go from negative to positive. Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) are still having a very hard time making any sort of solid bounce. They are both off their lows but continue to trade to the downside. For the rest of the day these will be the ones to watch. If they turn positive, this market should move nicely higher with a solid bounce in the forecast for the coming days. If they cannot get a bid and turn positive, the market will likely stay weak until they can. To get more analysis, swing trades and education, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
