Stocks Rally To Start The Week
Dow and S&P up 0.5%, while the Nasdaq gains 1%.Crude oil futures
reach a 2-month low and finish the day down by
nearly 3% to $70.45.
Friday’s
market action triggered a bearish VIX alert and CVR 12 sell signal on the NASDAQ
(explanations below). It will be interesting to see if we get more
bearish signals today/this week and if any trigger on the SPX, which has been
vacillating around the 1300 level for the past 8-days (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Google And EBay Enter Multi-year
Advertising Agreement (full
story). GOOG and EBAY shares finish the day up nearly 2%.
Amazon.com Plans $500 Mln Stock Buyback (full
story). AMZN shares rise nearly 3%.
Parlux Fragrances Reverses To Loss In Q1 (full
story). PARL shares jump over 14%.
Kinder Morgan Agrees To Be Acquired By CEO-led
Investor Group For $22 Bln Cash Including Debt (full
story). KMI shares rally 2.5%.
Western Refining To Buy Giant Industries
In $1.5 Bln Deal, Incl. Debt; Expects Deal To Be Immediately Accretive To EPS (full
story). WNR shares trade lower by over 3%, while GI shares close up over 14%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
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Dow
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+67.96
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11,352.01
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NASDAQ
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+20.41
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2,160.70
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S&P 500
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+6.71
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1,301.80
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size=2>NYSE
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size=2>NASDAQ
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Volume
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1,769,556,000
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1,309,593,000
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Advances
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2228
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1881
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Declines
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1028
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1127
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Up Volume
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1087
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948
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Down Volume
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479
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256
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New Hi’s
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134
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69
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New Lo’s
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29
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41
Strongest
Sectors
Weakest
Sectors
Transport Index (TRAN)
(XAL)
Silver Sector Index (XAU)
(GIN)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
No economic reports today.
Helvetica>
Darren Wong
darrenw@tradingmarkets.com
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Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
VIX Alert: This Alert triggers when the VIX is
5% above or below its 10-day SMA. 5% below usually precedes a quiet/down market.
5% above many times precedes a short-term rally.
CVR Signals: These are 14 signals using studies on the VIX. Multiple CVR
signals are the strongest (2 is good, 3 or more are better). And, a CVR 3 signal
is also usually a strong signal.