SPY SPDR S&P 500

For Immediate Release

Chicago, IL – 03/23/2012 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”.

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

Market Analysis: "Buy the Dip" Trying, But Weaker

After a substantial morning sell off, the markets are trying to bounce back. This is the classic "buy the dip" mentality that still prevails in this market. This shows us there is still retail money clamoring to buy as the institutions distribute.

Overnight, China PMI data hit the futures hard. With Europe still a mess and China slowing drastically, the outlook for the U.S. economy is getting clouded. Institutions understand this and are selling slowly as the retail investor is buying.

Retail, amateurs always buy the tops and sell the bottoms.  The SPDR S&P 500 ETF ( SPY) is trading at $139.23, -0.93 (-0.66%). While still lower, the SPY had been down to $138.75. This is a $0.50 bounce from the lows, all since 11am ET.

Many of the large cap staple stocks are seeing gains today while the commodities plays are falling. IBM Corp. (IBM), Apple Inc. ( AAPL) and Google Inc. ( GOOG) are all higher on the day.

While the top in this market is clearly being formed, the bullish sentiment is so strong that the dips are still being bought. However, the emotional nature has shifted and the buying will wane.

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 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
Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
Visit: www.Zacks.com

 
APPLE INC (AAPL): Free Stock Analysis Report
 
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
 
INTL BUS MACH (IBM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.