The rally today is broad based, with energy, technology, banks and transports all higher. A few leaders are Chevron Corporation (NYSE:CVX), trading at $108.46, +0.97 (+0.90%), Google Inc. (NASDAQ:GOOG), trading at $594.00, +7.24 (+1.23%) and Goldman Sachs Group, Inc. (NYSE:GS) which is trading at $161.64, +3.04 (+1.92%).
The markets are short term extended but with the Middle East, Japan and Europe quiet, the market are enjoying a more calm period. New money flow from retail investors continues to flood the markets. The Dow Jones Industrial Average hit a new 52 week high today and the S&P 500 is closing in. To gain more hardcore analysis, swing trades and education, join the Research Center. Take the one week free trial today.
Chief Market Strategist
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