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.
: 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.
: 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.
are all trading nicely higher.
are both trading strongly higher.
: Stock is bouncing higher and may be a real spike play if it can get over Friday's opening print of $60.65.
: Weak dollar winner has had a big run the last couple of days.
and rail plays are leading the way up.
are all higher.
, and suppliers like
were both upgraded today, and steel names like
all look strong.
Lots of stocks are up on meager volume so far. We need to see this pick up.
Key names like
are bouncing off of earlier lows.
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!
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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.