The markets have moved higher in the early afternoon session on the back of a dropping U.S. Dollar. Financial stocks remain very weak with Goldman Sachs headed towards the next support level. Technology is strong as GOOG, BIDU, AAPL and AMZN are all positive. This is options expiration week and InTheMoneyStocks had called for a second half of the week upswing due to options manipulation. In addition, the Dollar was short term overbought and due for a pull back. This video goes over technical analysis, trading calls, pivot levels and support, resistance points. Enjoy and take the seven day free trial to the Research Center or Intra Day Stock Chat.
Stock Market Videos: Markets Higher, Key Trades Discussed
– May 19, 2011Posted in: Intraday Commentary
