Like an addict, the market needs another fix and the drug pusher of choice is, of course, Ben Bernanke and his QE pills. The question on trader's minds these days: is the market going to receive another QE3 fix soon? Or are the markets just going to get the shakes and move back to the downside? A QE3 pill is needed if this market is going to get high again, on the upside.
It's very debatable as to whether the Fed and Bernanke have any more pills to sell. If Bernanke is out of pills, then this market will have to go cold turkey. The market will have to survive on its own strength and weaknesses and not some drug induced quantitative easing.
As for MarketClub, we will let the markets and our Trade Triangles do the talking.
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
|CONSUMER GOODS: -0.27%||Biggest Loser TSLA -5.08%|
|SERVICES: -0.41%||Biggest Loser JBHT -7.86%|
|HEALTHCARE: -0.42%||Biggest Loser VVUS -8.50%|
|ENERGY: -0.58%||Biggest Loser LNG -6.38%|
|TECHNOLOGY: -1.58%||Biggest Loser ZNGA -5.97%|
|FINANCIAL: -0.52%||Biggest Loser STT -5.43%|
|INDUSTRIAL GOODS: -0.69%||Biggest Loser WWD -5.70%|
|BASIC MATERIALS: -0.86%||Biggest Loser TC -5.85%|
|UTILITIES: -0.00%||Biggest Loser GRH -5.12%|
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology. Click Here to view today's video