Presented by Gareth Soloway August 13, 2012 11:24AM
Stocks are showing some weakness today after the bullish hype dominated all weekend. Last week, the markets could not sell no matter how hard they tried. Every day they opened flat or lower and moved to the positive side. This helped get the retail, amateur investor on the bullish side. Now options expiration has arrived. Now the institutions are set to take the money from the weak investors, those that let emotion and hype rule their world.
The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.23, -0.61 (-0.43%). This is rare for a light volume Monday and may be significant if the markets can end in this range. One major issue to watch will be whether or not the markets can float up later in the day and end flat.
Google Inc (NASDAQ:GOOG) Apple Inc. (NASDAQ:AAPL) are both doing their best to keep the technology sector higher. Both stocks are leading the market and doing their best to get back to their 2012 highs.
Oil is falling today which is helping lead overbought stocks like Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) lower.
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite pros as they teach their secret methodology and give swing trade alerts. Learn to trade better than any hedge fund manager and profit on every market move.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.23, -0.61 (-0.43%). This is rare for a light volume Monday and may be significant if the markets can end in this range. One major issue to watch will be whether or not the markets can float up later in the day and end flat.
Google Inc (NASDAQ:GOOG) Apple Inc. (NASDAQ:AAPL) are both doing their best to keep the technology sector higher. Both stocks are leading the market and doing their best to get back to their 2012 highs.
Oil is falling today which is helping lead overbought stocks like Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) lower.
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite pros as they teach their secret methodology and give swing trade alerts. Learn to trade better than any hedge fund manager and profit on every market move.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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