Markets Ignore Bad Data And Move Higher (Duh): Here Are The 10 Trades To Watch Right Now

ignore talk to the hand

U.S. stocks are higher after starting the day weaker on poor pre-market U.S. economic data and more Chinese moves to combat inflation.

China’s central bank raised reserve requirements for the fourth time two months.

Gold is below $1260.

This moved caused commodities to spiral and crude oil futures are down too.

  • DOW up 0.14%
  • NASDAQ up 0.24%
  • S&P 500 0.28%
  • CAC up 0.21%
  • FTSE down 0.59%
  • DAX up 0.01%

Thw mot notable thing is that once again markets are totally ignoring bad news.

Financials up followed by utilities

The Big Trade: Dollar slips versus Euro on retail sales, CPI data

BIG WINNER: ASML Holding up more than 7%

BIG WINNER: Applied Materials gets boost from Intel earnings

BIG LOSER: ARM Holdings down over 5%

BIG LOSER: AIG down on possible IPO news

Sector Mover: Vanguard Financials ETF

Country Mover: iShares FTSE China

Energy: Oil falls for second day in a row

Metals: Gold drops

What are the investment trends everyone is getting in on in 2011?

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