For Immediate Release
Chicago, IL – 03/28/2012 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Markets Float After Bernanke Pump Rally
The markets are floating flat on the trading day. The SPDR S&P 500 ETF ( SPY) is trading at $141.53, -0.08 (-0.06%). Yesterday, Ben Bernanke pumped the markets with talk of more QE (quantitative easing). This sent the QE addicted markets shooting higher like a junkie excited about a fix.
Apple Inc. ( AAPL) hit a new all time high today of $614.91. This is one of the stronger players in the market today, along with Amazon.com, Inc. ( AMZN). These two stocks are helping the NASDAQ maintain a positive day while the Dow Jones Industrial Average and S&P 500 are flat to slightly negative.
Volume has remained insanely light ever since 2012 began. This is one warning sign that should bother most investors. If things were so great, volume would be higher as institutions buy stocks heavily. In addition, this current quarter is the best performer since 1998, just prior to the technology bubble collapse.
Lastly, pay attention to metal stocks. They have fallen sharply of late while the rest of the market continues to hit new highs. The metal stocks are a direct gauge of the global economy. The fact that they are not rallying tells intelligent traders that the upside is Federal Reserve based and not fundamental.
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
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT 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
Email: [email protected]
APPLE INC (AAPL): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
To read this article on Zacks.com click here.