Mid-day Trading

All three major Indexes are now trading in the positive territory. Consumer Confidence readings, which was announced at 10am, are showing great improvement from the previous readings as well as the consensus. The consensus was 43 points where the numbers came out 54.9. This is usually an indication of optimism in the markets. As seen today, there is a tremendous confidence across investors. Industrial and Technology Sectors are leading the market. 452 stocks advanced today at S&P 500, only 46 declined and 2 unchanged. Oil is under serious pressure. It is now trading around $60. Gold also is trading its day lows. Now changing hands at $947.50.

The markets are now holding their early gains. All three Indices are now at their highest point. The volume has come down a little now. There is still no selling pressure in any sectors of S&P 500.