Will traders continue to drive stock prices higher in the wake of news suggesting a potential improvement on the jobs front?

The stock market began 2012 with a bang, sending the S&P, Dow and Nasdaq up by more than 1% to start the new year. Will overbought conditions encourage profit-taking – or more buying?

Trader poured into the market on the first trading day of 2012, sending stocks soaring toward short-term overbought territory.

Phil Suarez takes a look at the potential for further gains in both stocks and ETFs in the wake of the big rally on Tuesday.

With the major stock market indices extremely oversold ahead of trading on Tuesday, there’s a growing chance that oversold conditions will help bring traders off the sidelines and into the market as buyers.

Will the typical end of year, upward bias to stocks help shake the market out of its mid-month slump?

Positive news on the jobs front and oversold conditions over the past few days suggest a potential bounce in stocks in the near term.

Disappointment with a lack of action from the Fed and the lack of a resolution in Europe continue to keep pressure on stocks.

With the ratings agencies continuing to put pressure on leaders in Europe, stocks in the U.S. and abroad continue to be buffeted back and forth from oversold extreme to overbought extreme.