The market is slightly positive today as volume in the afternoon as died down. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $114.56, +0.43 (+0.38%). The markets are now looking towards next week and the Unemployment Report and Non Farm Payrolls as well as the start of earnings season.
The leaders today are clear. Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) are both much higher with oil leading the way. The U.S. Dollar is getting punished again with the PowerShares DB US Dollar Index Bullish (NYSE:UUP) $22.68, -0.16 (-0.70%). With the Dollar lower, oil tends to rally as a commodity. With oil rallying, commodity plays generally will see upside. Chevron and Exxon are both showing this market the way by leading.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
