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Dividend.com: Last Hour Tells

The markets are holding up fairly well on this first day back from the long holiday weekend.

The markets are holding up fairly well on this first day back from the long holiday weekend. Let's take a look at what traders should be looking at as we head into the last hour of trading.

Bullish Signs:

Apple

(AAPL) - Get Apple Inc. Report

: Stock is leading the charge higher. Volume could be better, but long traders will take it. I would be moving my stop up and making sure the bulk of today's gains remain intact. I would be inclined to hold some into tomorrow if we can close near the highs of the day.

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

: Similar to Apple in that volume is on the low end, but the stock is still near the highs of the day. Keep the trailing stops moving higher. Same strategy for GS as for AAPL.

Fertilizer Sector:

Potash

(POT)

,

Mosaic

(MOS) - Get Mosaic Company Report

, and

Agrium

(AGU)

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are all trading nicely higher.

Exchange Plays:

CME Group

(CME) - Get CME Group Inc. Class A Report

and

Intercontinental Exchange

(GS) - Get Goldman Sachs Group, Inc. Report

are both trading strongly higher.

Sears Holdings

(SHLD)

: Stock is bouncing higher and may be a real spike play if it can get over Friday's opening print of $60.65.

McDonald's

(MCD) - Get McDonald's Corporation Report

: Weak dollar winner has had a big run the last couple of days.

Transports:

FedEx

(FDX) - Get FedEx Corporation Report

and rail plays are leading the way up.

Home-Related Plays:

KB Home

(KBH) - Get KB Home Report

,

Lowes

(LOW) - Get Lowe's Companies, Inc. Report

, and

Home Depot

(HD) - Get Home Depot, Inc. Report

are all higher.

Commodity Stocks:

Freeport McMoran

(FCX) - Get Freeport-McMoRan, Inc. Report

, and suppliers like

Joy Global

(JOYG)

and

Bucyrus International

(BUCY)

were both upgraded today, and steel names like

U.S. Steel

(X) - Get United States Steel Corporation Report

all look strong.

Bearish Signs:

Volume:

Lots of stocks are up on meager volume so far. We need to see this pick up.

Airlines:

Key names like

Continental Airlines

(CAL) - Get Caleres, Inc. Report

are lagging.

Inflation:

Oil

(USO) - Get United States Oil Fund LP Report

and

Gold

(GLD) - Get SPDR Gold Shares Report

are bouncing off of earlier lows.

Treasuries

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

are getting hit very hard as rates continue to uptick. Rates are not particularly a concern for me at this level, with the 10-year at 3.49%.

Keep the trailing stops inching higher as stocks build on any gains in the last hour. If the market pulls back, you will be stopped out, but not until you have started the week like an all-star!

Be sure to visit our complete

recommended list of the Best Dividend Stocks

as well as a

detailed explanation of our ratings system

.

At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.