After a dramatic shift in momentum during the last few hours of trading on Wednesday---thanks to the announcement from the Federal Open Market Committee (FOMC) that the Fed will be pulling back on some of its stimulative programs---many investors are wondering what is going to happen in the market today. Will the downtrend continue, or can we bounce back? The futures contracts for the Dow Jones Industrial Average (DJIA), the S&P 500 (SPX) and the Nasdaq 100 Index (NDX) are all up approximately 0.10% as we head into the market opening. | {loadposition livevideopromo} | | | | | {loadposition homeaccordion2} | | | | | | {loadposition contentad} | | | | | The Asian markets were dramatically mixed today, but the European markets are moving slightly lower---signaling that we have some bearish momentum heading into the U.S. market opening. The Hang Seng index and the Nikkei were mixed today. The Hang Seng closed down 2.52% and the Nikkei closed up 1.67%. The FTSE 100 in London and the DAX 30 in Germany have both been trading lower during the European trading session. The FTSE 100 was recently down 0.14% and the DAX 30 was down 0.10%. Commodity prices are giving mixed signals for the opening on Wall Street. Gold prices have climbed nearly $3 today, but oil prices are down by $0.46. These prices leave gold well above $1,000 per ounce---at $1,017.10---and keep crude oil prices below $70 per barrel---at $68.51. As you can see, we don't have any real clear indicators as to which way the market is going to go. However, if you are looking for a few stocks that may lead the charge higher today, you might want to consider Shuffle Master, Inc. (SHFL), AutoZone, Inc. (AZO) and Genesco Inc. (GCO). Each of these stocks was upgraded by analysts today. {loadposition link_nowtime} {loadposition followus} |