As Stock Markets Surge, These Keys Become Important
The stock market is surging again. Gains sit at over 10% in the last week. This euphoric move in the markets has been on continued talk about a European bank recapitalization plan. This plan is said to mirror TARP in the U.S in 2008. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $118.97, +3.26 (+2.82%. Just last Tuesday, the SPY hit a low of $107.43.
(CME, CLNO, GOOG, CME) Stock Updates by DrStockPick.com
We all witnessed the massive late day rally yesterday into the close. The Dow Jones Industrial Average surged higher by nearly 400.00 points in the final 45 minutes before the close at the New York Stock Exchange. The late day surge caused many traders to cover their short positions.
Eastman Kodak Shares Got Crushed: What You Need to Know
The stock market is trading solidly higher today. Intervention by the ECB helped push the global markets higher. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $120.83, +1.46 (+1.22%) . The key to knowing whether or not the stock market will go higher is simple. Find a major pivot and watch to see whether the markets close above or below.
Hopefully many traders and investors know that this Friday is options expiration. Often during the trading week leading up to the expiration there will be a lot of games being played by the large institutional trading desks. You see, this is a time when the small retail options traders will most likely be shaken out of their near term options position.
This morning, little known activist investor Jaguar Financial said that it wants Research in Motion (NASDAQ: RIMM) to spin off its patent portfolio, or perhaps sell itself.
While few, if any, have heard of Jaguar Financial, it is the call for Research in Motion to do something with its patents that has investors buzzing today.