Monday, March 28, 2011 12:24:46 PM
The Keys: Today's Market
The markets opened the day slightly higher, then had a strong push into the double top highs from Friday. After attempting to push through this level many times, the markets pulled back to the flat line. The SPDR S&P 500 ETF (NYSE:SPY) is holding just slightly positive at $131.39, +0.09 (+0.07%).
The markets are coming off major gains in the last week. Volume today is extremely light as it appears the they are searching for direction. The infamous Non Farm Payrolls number is due out this coming Friday. That will keep the markets neutral until then. Silver and gold are slightly lower today, along with oil. The iShares Silver Trust (NYSE:SLV) is trading at $36.20, -0.19 (-0.52%), the SPDR Gold Trust (NYSE:GLD) is trading at $138.47, -0.79 (-0.57%) and the United States Oil Fund LP (NYSE:USO) is trading at $41.83, -0.35 (-0.83%).
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Charts provided by: RealTick LLC
The markets opened the day slightly higher, then had a strong push into the double top highs from Friday. After attempting to push through this level many times, the markets pulled back to the flat line. The SPDR S&P 500 ETF (NYSE:SPY) is holding just slightly positive at $131.39, +0.09 (+0.07%).
The markets are coming off major gains in the last week. Volume today is extremely light as it appears the they are searching for direction. The infamous Non Farm Payrolls number is due out this coming Friday. That will keep the markets neutral until then. Silver and gold are slightly lower today, along with oil. The iShares Silver Trust (NYSE:SLV) is trading at $36.20, -0.19 (-0.52%), the SPDR Gold Trust (NYSE:GLD) is trading at $138.47, -0.79 (-0.57%) and the United States Oil Fund LP (NYSE:USO) is trading at $41.83, -0.35 (-0.83%).
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Charts provided by: RealTick LLC
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