Who’s Pushing This Market?
The Philadelphia Semiconductor Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
is in rally mode thus far. After trading lower this morning, the SOX is now
trending higher. After bouncing on its key support (500.00) on Wednesday, the
Semi Index has now broken above (533.43) and is eyeing its next level at 545.70.
The SOX is helping push the Nasdaq higher.
U.S. stocks are poised to move toward their first
weekly gain in three as investors are hoping the economy and corporate profits
will improve in the first half of this year.
Minnesota Mining & Manufacturing
(
MMM |
Quote |
Chart |
News |
PowerRating) is helping the Dow Jones
Industrial Average move higher today, while Georgia-Pacific
(
GP |
Quote |
Chart |
News |
PowerRating) helped
lift the S&P 500. The recent concerns surrounding the company’s asbestos
problems are beginning to subside.
The S&P 500
(
$SPX |
Quote |
Chart |
News |
PowerRating) is currently higher, up 5.10 to 1137.25 and
is up 0.8% so far this week. The Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) is climbing up 81.79Â
to 9877.86, extending the week’s climb to 1.2%.
Computer Network Technology
(
CMNT |
Quote |
Chart |
News |
PowerRating) is
touching the top of a flag pattern. CMNT is down 0.20 to 22.10 and is
holding a 3-month
relative strength rating of 95 with an uptrending ADX of 32 from
TradingMarkets.com.
Alliant Energy
(
LNT |
Quote |
Chart |
News |
PowerRating) is forming a high-level
cup-and-handle. LNT is currently down 0.15 to 30.44 and holds a (low) 3-month
relative strength of 27, but has moved more than 10% off its November low
and has an uptrending ADX of 29 from TradingMarkets.com.
JDA Software
(
JDAS |
Quote |
Chart |
News |
PowerRating) is tracing out a
pullback from high. JDAS is now down 1.16 to 27.74 and is carrying a 3-month
relative strength rank of 97 from TradingMarkets.com.
MRO Software
(
MROI |
Quote |
Chart |
News |
PowerRating) is coming out of a
pullback from highs. MROI has a TradingMarkets.com
3-month RS ranking of 98. It is up 1.02 at 27.51.
Click Here for Stocks
Crossing Above Their 50-Day Exponential Moving Average on Double Volume