These Stocks May Be Better Than Their Dow Equivalents
If you look at a chart of the U.S. Dollar Index futures (DX Z1) this morning you will see the sharp decline. If traders simply flip this chart upside down you will notice that the chart will resemble the S&P 500 Index today. When the dollar dips the markets flip. Traders should watch for some short term intra-day support on the U.S. Dollar Index futures around the $77.25 area. The U.S.
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Biogen Idec Inc. (Nasdaq:BIIB) announced that its 2011 Annual Shareholder Meeting will be webcast live on Thursday, June 2, 2011 at 9:00 a.m. ET. To access the live webcast, please visit Biogen Idec's Investor Relations section (investor.biogenidec.com). An archived version of the webcast will be available following the meeting.
Caterpillar Inc.(NYSE:CAT) is the leading mining equipment stock in the stock market. This stock looks to have topped out on May 2, 2011 at $116.55 a share. Since that high in early May, the stock has sold off sharply lower by nearly $15.00 to $102.00 a share. This current area is actually minor support on the daily chart as this is where CAT traded on April 18, 2011.