Bagman's charts, watchlists, scans and etc.

[Phoenix-Rising]

what do you think he'll say?

http://finance.yahoo.com/news/Stock-futures-head-higher-apf-2952097023.html?x=0&sec=topStories&pos=main&asset=&ccode=Stocks opening higher ahead of Bernanke speech

Stocks open higher after 4 days of losses; Bernanke set to deliver remarks in the afternoon



FILE - In this June 3, 2011 file photo, specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange. Global stocks recovered Tuesday, June 7, after another big sell-off on Wall Street, as investors awaited a key speech from U.S. Federal Reserve chairman Ben Bernanke following a run of weak economic news. (AP Photo/Richard Drew, file)



Francesca Levy, AP Business Writer, On Tuesday June 7, 2011, 9:41 am

NEW YORK (AP) -- Stocks are opening higher after four straight days of losses. Traders are looking ahead to a speech by Federal Reserve chairman Ben Bernanke later in the day.

Bernanke is expected to discuss the economy and signal the direction of the Fed's monetary policy. Its $600 billion bond-buying program winds down later this month.

Disappointing economic reports over the past several weeks suggest that the U.S. economic recovery may be stumbling. Investors expect the Fed to keep interest rates near zero well into next year to encourage borrowing.

The Dow Jones industrial average is up 48 points, or 0.4 percent, at 12,137, in early trading Tuesday. The Standard & Poor's 500 index is up 5, or 0.4 percent, at 1,291. The Nasdaq composite is up 12, or 0.4 percent, at 2,714.