Bulls Push Dow to New Highs
The bulls were able to push the major indices
higher after a mixed morning. Today’s rally was sparked by
an easing in crude prices as well as positive manufacturing data.
June crude futures lost $1.26
to close at $64.46 per barrel.
June gold futures fell $5.90 an ounce to $677.30.
Around Europe, France’s CAC 40 Index
led with a 0.49% gain to close at 5,960.04, Germany’s DAX Index
added 0.42% to 7,408.87, and Britain’s FTSE 100 slid 0.46% to
6,419.60..
Today‘s
PowerRatings Heat Map is beginning to show minor pockets of
bullish price action across the map after Monday’s pullback.
The Electronics and Drug sectors are continuing to display an
interesting divergence between high PowerRatings stocks and low
PowerRatings stocks.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com