CHICAGO, Jan. 12, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Commodities Lead the Charge Higher
January 12, 2011 - RELATED TICKERS: United States Oil Fund LP (NYSE: USO), SPDR Gold Trust (NYSE: GLD), Chevron Corporation (NYSE: CVX) and United States Steel Corporation (NYSE: X).
Commodities are leading the market higher today. The United States Oil Fund LP (NYSE: USO) is higher by 1.60%, trading at $38.78, +0.61. In addition, the SPDR Gold Trust (NYSE: GLD) finds itself higher on the day, trading at $134.57, +0.45 (+0.34%).
Last week, oil and gold took somewhat of a tumble. Key stocks like Chevron Corporation (NYSE: CVX) and United States Steel Corporation (NYSE: X) pulled back nicely. These stocks are now jumping back higher again, giving an extra push of life to the markets in this extremely light volume session.
Volume has yet to fully return to the markets in 2011. As long as things remain quiet on the global horizon, this is likely to continue. The S&P is hovering just below resistance at 1280. This this be taken out, another small leg up could begin. Should it fail to push through in the coming sessions, look for a pull back next week. Based on these levels, the markets are entering a pivotal period where a move will be forthcoming shortly.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock |
|
People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: [email protected] |
|
Visit: www.Zacks.com |
|
SOURCE Zacks Investment Research, Inc.
Share this article