Crash Market Stocks - Financial Tips On Making Money In The Stock Market

Markets have had quite the rebound this week, being up over 4% just this week. Technicals and new key resistance points are moving with the market and we are beginning to see some interesting charts.

Intel helped markets rise by a very favorable earnings report, which I believe will set the mood for much of tech. Many analysts were pessimistic about Intel's performance, but they proved many wrong. So what will this entail for Apple when they report. Let's just say I think they are going to have a very good month.

Yum brand's stock fell today due to weak guidance and disappointing earnings for the fast food giant. They do say that they are beginning to see recovery in the US and that they see great revenue growth potential internationally in some of their new emerging markets, like China. However, the public was sold as their stock closed down.

Key S&P technicals are being formed as you can see from the rooftop chart above. New crucial technical points are a break at 1103. Even strong would be a break at 1129, which would most likely quickly put bears back into hibernation. We will see if investors are able to crack these new thresholds. If so, watch out. Happy Trading. (Chart from slopeofhope.com)

Perceived strong earnings from both Intel and JP Morgan today caused for markets to rally. The S&P has blown aggressively through that critical 1080 resistance and the Dow has penetrated that long awaited 10,000 mark. To many it looks as if Wall Street is back and our "crash" days are over. As I do acknowledge the impressive nature of this rebound and wish I could have taken more advantage of the rally, I still do feel we have several more beasts to slay for us to be considered "out of the woods." However, as of now, some key technical indicators have been broken, and if they are sustained, I will once again return to the sideline for a period. Until I see technicals and fundamentals align, I, personally, cannot declare an end to this recession. As always, these new levels need to sustain to become anything too significant, but for now there are no signs of slowing.

As such, I still see a lot of opportunity in shorting gold and longing the US dollar. Prices of consumer goods continues to decline. Despite what looks to be strong profits for the banks, where are all the loans? Loans are almost non-existent in the commercial sector and are becoming more difficult to obtain in the residential sector. For many banks, they now do not consider 1099 income (self employment) as normal income, thus making it very difficult to get a loan. Independent contractors around the country are finding a lot of difficulty, despite having money in the bank, to convince banks for a loan. In this type of environment, it makes business growth very difficult.