Despite The Rally There Are Some Pockets Of Weakness

The major stock indexes are all rallying sharply higher today. The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is trading higher by 1.22 percent. The financial stocks are leading the markets higher this morning. J.P. Morgan Chase & Co (NYSE:JPM) is trading higher by nearly 4.00 percent after reporting earnings earlier today. When the financial stocks rally higher it is always beneficial to the overall stock indexes.

Despite the rally there are some leading stocks that are still not participating in today’s rally. Some leading stocks that are weak today include F5 Networks Inc (NASDAQ:FFIV), Wynn Resorts LTD (NASDAQ:WYNN), Deere & Co (NYSE:DE), and Coinstar Inc (NASDA:CSTR). Traders should always watch when market leading stocks do not participate in large stock market rallies. It is usually a sign that the current stock rally may not last very long.

About Nicholas Santiago 575 Articles


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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