Sellers were most aggressive in the financial sector, with some of the biggest pullbacks in some of the biggest banks. A late intraday rally – and continued strength in retail – helped trim the market’s overall losses ahead of Tuesday’s open.
This week’s edition of 7 Stocks You Need to Know features overbought stocks below the 200-day moving average, oversold stocks above the 200-day moving average, and a pair of potential “special situations” in the form of exceptionally oversold stocks that a growing number of traders are starting to talk about.
U.S. Markets Edge Higher … S&P 500 (SPY) Leads Dow (DIA), Nasdaq 100 (QQQQ) … Top Stock PowerRatings Stocks for Today Include: NTRI, VLTR, ARUN … VIX Stretch Below 10-Day Nears 4% … Silver (SLV), Crude Oil (USO) Among Major Commodity Gainers … Top ETF PowerRatings Funds for Today Include: RTH, XLY, ICF.
The U.S. dollar fell hard against the major currencies while the automakers announced an improved December. Discount retailer Family Dollar Stores has its sights set on an EPS of 47 cents before the open on Wednesday morning.