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U.S. stocks surged today on renewed hope of a mortgage bailout plan helping consumers maintain ownership. Oil and other commodities jumped up on news that China may institute measures to boost economic growth.
U.S. Stocks Drive Deeper into Overbought Territory Below 200-day ... Asian Markets Rally on Stimulus Optimism ... Euro Pulls Back from Recent Gains Against Greenback ... Oversold ETFs for Monday Include: PSQ, SDS, TWM, REW, SCC.
News of additional economic stimulus efforts in China have boosted interest in industrial machinery companies like Caterpillar which soared by more than 14% on Wednesday.
Time and time again, Larry Connors has said that the markets over the past few months have been highly correlated. In this trading lesson, Larry shares with you a site that is a useful utility for identifying and measuring correlations in your trading positions.
U.S. Stocks Rally from Severely Oversold Conditions ... Asian Stocks Rally On China Spending Pledge ... Bond ETFs Still Oversold; Brazil, Taiwan, Latin American ETFs Overbought ... Earnings on Deck for Today Include: BBI, URBN, MRVL.
Friday saw higher closes again for live cattle and feeder cattle along with lean hogs and pork bellies. Will meat futures continue their highs in today's session?
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