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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.
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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.
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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.
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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.
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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.
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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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