Visa & MasterCard Lead Markets

This morning, Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are surging sharply higher. The catalyst for the rally in these two leading stocks is strong reaction to the MasterCard earnings announcement. MA stock will have some short term intra-day resistance around the $385.00 level. Visa Inc stock is obviously trading higher in sympathy to the MasterCard earning report. Visa stock is now trading at a new all time time at $106.13 a share.

Other leading credit card stocks that are trading higher include American Express Co (NYSE:AXP), and Discover Financial Services (NYSE:DFS). It is important to note that AXP, and DFS are also bank holding companies, therefore, they will not always trade along with Visa and MasterCard with are credit card processing companies.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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