Rally Knocked Flat, Bernanke Says Low Rates, Dollar Climbs
An earnings-driven rally was knocked flat by a strong dollar and commodity share based selling. The bulls were in control until the selling sent the market to a mixed close on the day.
VIXing Profits & 3 PowerRatings Stocks
In an effort to determine the truth about the VIX and its relation to stock prices, we conducted several quantitative tests … and the results were quite revealing.
Portugal Punks Stocks, New Homes Fall, Durable Goods Strong
A downgrade of Portugal’s debt combined with increased default fear from the Greek Isles sent stocks skidding lower.
TradingMarkets 7 Stocks You Need to Know for Thursday
Bernanke’s testimony and multiple critical earnings releases are on the slate for Thursday. Including electronics retailer, Best Buy Co reporting before the bell with an expected EPS of $1.79.
Bernanke Talks: Dollars Perfect Storm
On Thursday, Federal Reserve head Ben Bernanke will testify on the twice yearly Monetary Policy Report. Economists are expecting Bernanke to lay out his strategy for wrapping up the current stimulus driven policy getting the economy back to normal functioning.
The Benefit of the International Contagion & 3 PowerRatings Stocks
As things are slowly improving within the United States, a creeping contagion is inching its way around the world. Here’s how to use these tremors setting off in the international arena to create buying opportunities.
Rates Staying Low, Home Sales Best, Stocks Surge
The stock market bulls took full control for the second day this week. Existing home sales falling less than expected and growing demand for computer chips further powered stocks higher.
TradingMarkets 7 Stocks You Need to Know for Wednesday
Durable good orders and new home sales await stock investors midweek in the midst of a heated bull advance. Multiple important earnings are also being released into the optimistic atmosphere.
New Homes Sales: Support Breaking Impetus?
On Wednesday the U.S. Census Bureau releases its New Homes Sales number, with a projected figure of 318k.
How to Trade the Runaway Bull & 3 PowerRatings Stocks
If you are similar to most short term investors, then your way of buying stocks might include the “buying strength” mantra. We’ve tested the concept of buying strength vs. buying weakness. Find out what our market research uncovered.
Health Bill Passes, Stocks Climb, Greece Still Worried
Obama’s sweeping health care reform measures were passed by the house. Stocks reacted by rallying, after an early morning sell off, despite dire warnings from the bill’s critics.
TradingMarkets 7 Stocks You Need to Know for Tuesday
Technology and health care led the advance on the day as much feared health care reform bill passed the House to much apprehension. Several critical earnings announcements join the existing home sales and Red Book economic reports on Tuesday.