Read Larry Connors' blog – Short Term Trading Strategies
Oil hit a yearly high today bursting above $69.50/barrel prior to settling lower. Gold followed suit, adding $13.80 to $979.40 after surging near the $1000.00/oz psychological resistance level on inflation hedge fears. Former Countrywide Financial CEO and part time pitchman, Angelo Mozilo, was busted by the SEC for insider trading and civil fraud for misleading investors about the health of the company. Several US Banks were upgraded by popular analysts triggering a rally in financial shares, as well as commodity stocks lifted the major averages into positive territory today. The DJIA advanced +74.96 to 8750.24, the Nasdaq gained by +24.10 to 1850.02 and the broad based S&P 500 marched forward +10.70 to 942.46.
KeyCorp (KEY | Quote | Chart | News | PowerRating) - Ohio's largest bank was upgraded by RBC Capital markets sending shares higher by 19.57% or 0.90 cents to $5.50/share.
Wind River (WIND | Quote | Chart | News | PowerRating) - Surged 47% or $3.76 to $11.76/share after Intel agreed to purchase the company.
Teradyne (TER | Quote | Chart | News | PowerRating) - Jumped 6.10% or 0.43 cents to $7.48 after being pumped by Jim Cramer on Mad Money.
Hot Topic (HOTT | Quote | Chart | News | PowerRating) - Fell 3.45% or 0.26 cents to $7.28/share upon announcing slumping sales to the teen market.
Oil climbed $2.69 to $68.69, Gold surged $16.70 to $982.30 and the VIX fell by 2.71% to 30.18.
According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading.
| Market Snapshot | |||||||||||||
|
| Economic News | |||
|
Join the discussion on Twitter. Follow @Trading_Markets to leave your questions and feedback with the people you follow everyday at TradingMarkets.com.
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
