The market has been unable to take advantage of another series of analyst upgrades this morning. Let's take a look at what traders should be keeping an eye on.
(SWK - Get Report)
(AAPL - Get Report)
(GOOG - Get Report)
are holding up the best after this mornings ratings boost.
: I am a little bit surprised at how well the SRS, SKF, and DUG plays are performing so far today. It may make sense to prepare to take a "taste" on the long side once again if someone wants to try a quick intraday Friday move here.
: Mild gains in the sector with
(FDX - Get Report)
a key name to watch here.
: Appears to be another week of gains for bonds as the "flight to safety" trade continues.
(ICE - Get Report)
(CME - Get Report)
are near the lows of the week.
(CVX - Get Report)
are lower after last night's reports.
: No help from the news on Chevron, as other big names are going lower.
are also caught up in the downdraft.
JP Morgan Chase
Bank of America
are taking a hit so far.
: Wakness has resumed for shares of
Unless things turn around this afternoon, it looks like the market will be going into the start of earnings season on a down note. I am waiting to see what trades pop up, but the bias right now has to remain on the short side, unless we get a tremendous oversold situation. The exchange plays mentioned above may be headed in that direction, but are not there yet. I would prefer to see a close or two off the bottom.