The US stock market is poised to rise again this morning after Germany confirmed its loans to Greece. The global stock markets have been trading in a yo-yo fashion because of the global economy and the debt crisis mainly from Greece and other nations. This could be the first step toward stability to come. Hopefully the S&P and Nasdaq support lines can be held. We have tested several times in the past few weeks. It seems to be held now. The next thing to watch is the heavier volume to the upside.
Personally I think we have seen the peak for Gold and Silver now. I would lighten up some positions if you have not done so in the past few session.
Up Stocks:
(AMZN) - I think we can have a decent sale from Amazon this holiday season, perhaps the optimism is back to this stock as well as its ability to compete with (NFLX). Maybe (NFLX) can be taken by Amazon.
(A) - Unusual call options have placed yesterday on this stock, the trend continues.
(YRCW) - Penny stock to cut change the top level folks.
(ARMH) - Rebound from the recent sell-off. I think it is the Intel of the future.
Down Stocks:
(SQQQ) - bear ETF, as well as other bear ETFs will be down.
(WAG) - Down after earning, maybe investors do not like what they saw in the report.
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