Markets returned to normal yesterday as interest rates collapsed and stocks moved based on earnings reports. IBM (NYSE: IBM), UnitedHealth Group (NYSE: UNH) and Goldman Sachs (NYSE: GS) disappointed traders and the losses in those three stocks pulled the Dow Jones Industrial Average down for the day. Broader market indexes were higher as 81% of… [Read More]
The Dow Jones Industrial Average will be adding Goldman Sachs Group Inc (GS), Visa Inc (V), and Nike Inc (NKE). These 3 stocks will be replacing Bank of America Corp (BAC), Hewlett-Packard Co (HPQ), and Alcoa Inc, (AA). The changes will be effective on September 23, 2013, the S&P Dow Jones Indices said in a… [Read More]
Late strength in these two, top financials may signal that oversold extremes have finally been reached.
Continued selling in the financials may set up another short-term trading opportunity for active investors.
Will earnings announcements from Wells Fargo and JP Morgan provide a short-term buying catalyst for radically oversold financials?
Aggressive selling in both MS and GS has both stocks on the edge of short-term oversold territory.
Does the controversial op-ed in the New York Times represent an opportunity for short-term traders?
Of the three major technology companies scheduled to report on Wednesday, two may already be significantly oversold.
Trading By the Numbers: If you find yourself on the doubting side of the buying in banks, here are a few ways to take advantage of any selling in the sector over the next few days.
Quantified Trading Strategies with The Machine Positive news from Europe put traders in almost hysterical buying mood heading into the final trading day of the week. Banks were among the biggest beneficiaries of the shift back in favor of risk.