Stocks Start the Week Mixed
Gains from a mid-day rally were dissipated after the Treasury’s 10-year note rose to 5.13%. Tomorrow’s treasury budget report and Retail Sales data on Wednesday will be watched closely by investors to gauge market direction. p>
July crude futures added 2% to $65.97 per barrel after Saudi Arabia curbs shipments to Asian refiners. Gold futures for August delivery rose 1.3% to $659.00 an ounce.
Around Europe, France’s CAC 40 Index rose 1% to close at 5,940.09, Germany’s DAX Index added 1.5% to 7,706.10, and Britain’s FTSE 100 gained 1% to 6,567.50.
After last week’s market selloff today’s PowerRatings Heat Map is starting to show a few bullish sectors. The leading sector is Drugs. Click here to view all 33 Heat Map sectors. Â Â
Click here to see our new list of indicators that includes Gaps Down 5% or More, 2-Period RSI Below 2, Stocks Up 10% or More. Historically proven edges make these a great place to start making a watch list.Â
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Darren Wong
Associate Editor