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David Maxson commented on Bryan Leighton's videoCostco Wholesale Corporation (NASDAQ:COST), and Dollar Tree Inc. (NASDAQ:DLTR) are holding up the retail sector both of these stocks are trading higher by over 1%. Intra-day resistance on COST is around $85.00 and $85.50; DLTR is around the $100.75 and $101.28 levels. Some other retail stocks trading higher include Wal-Mart Stores Inc. (NYSE:WMT), The TJX Companies Inc. (NYSE:TJX), and Zumiez Inc. (NASDAQ:ZUMZ).
Nicholas…
ContinuePosted on May 24, 2012 at 10:40am
First Solar, Inc. is trading at an attractive valuation level ($13.72, +0.12 (0.90%), this is also a makes FSLR a possible buyout candidate. New tariff rules passed on Chinese solar companies makes First Solar one of the lowest cost solar producers on the market.
Gareth Soloway
InTheMoneyStocks.com…
ContinuePosted on May 23, 2012 at 12:36pm
The markets are taking a beating today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $130.44, -1.76 (-1.33%). While things look ugly, there is a major silver lining showing up. This is a positive divergence between the markets and the U.S. Dollar.
The Dollar and the markets have an inverse relationship. Whenever the Dollar rises, the markets sell. This can be clearly seen on any Dollar, S&P 500 chart spanning the past few years. While this relationship still remains…
Posted on May 23, 2012 at 12:06pm
Today is a perfect example of why traders should use charts and not follow the news. When the April new homes sales report was released it was better than expected, increasing by 3.3. percent. The median prices were up by 0.07 percent, however, the SPDR S&P 500 ETF (NYSEARCA:SPY) ticked lower after the news. Does this make sense? Of course not, the stock market only cares about the action in the U.S. Dollar Index. When the U.S. Dollar Index increases the…
ContinuePosted on May 23, 2012 at 11:25am
Posted on May 22, 2012 at 1:13pm
Roger Carter said…
Roger Carter said… 
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