Closing Bell

All the Indices rallied today.  S&P 500, NASDAQ and DJI finished the day with solid gains. Oil bounced back and finished the day on the year highs at $62.45 a barrel.  Metals and Mining and Retails were the biggest winner sectors, up 4.38% and 4.24% respectively. Today could have been a rather choppy day if it wasn't for the Financials and Consumer Confidence. We don't have much in the Economical calendar tomorrow.    

Commodities

As the market advances, so do the commodities. Oil just rebounded to almost $62 a barrel. Gold also cutting some losses, advancing to 952 an ounce. It is still early though. Lately, we have been seeing a late sell-off.

Indices Rose on Consumer Confidence

Stocks are ascending their fresh highs. S&P 500 is over 900 points flirting with 907. Industrials are still the leading sector, up 3.0%. CSX Corporation, CSX, is the star in the sector, up 6.4%. US Dollar is surrendering its early gains today. It is now back to $80.08, still trading in green by a nickle.

FBR Capital upgraded its rating for Bank of America from under perform to martket perform. The BAC is trading 11.04 to 10.90 range, down by a couple of ticks.

So far, this is a great start for the week. Once again Consumer Confidence, which is not related to Consumer Spending, seemed to play an important role in today's rally.

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.

After the Opening Bell

S&P 500 starts the day with losses. Materials and Energy indices are pulling the market down. Meanwhile NASDAQ made her way up to the green where S&P found support at 881. Consumer Discretionary Indice is now positive, up to a solid gain. Even though the markets are now trading in a mixed fashion, there seems to be confident buying at this point.

Dollar today is showing strength up $.47 cents to $80.50. Oil, on the other hand, is showing weakness. It is trading below $60 a barrel.

S&P 500 Volatility Index, VIX, is at 33.52 up from Friday by 2.73%.

At this moment, all the Indexes made their way to the green. S%P 500, DJI and NASDAQ are all trading on the positive territory.

At the Opening Bell

The futures are on to slow start today. The S&P caseShiller Home Price Index, which tracks monthly changes within 20 metropolitan areas across United States, came in worse than expected. The consensus was 140. It is down from the previous reading 143. S&P 500 is down 4.7 and NASDAQ is down 9.

Meanwhile another bad news came from Germany. The GDP is down about 4%. The worst contraction in 40 years. The Xetra DAX 100 is down 85.37 points at 4833.08 points.