Monday, May 9, 2011

Tips To Trade Market Volatility, Gold, silver, oil, dollar

Tips To Trade Market Volatility, Gold, silver, oil, dollar - trading Market Volatility, Silver Market Volatility, Gold Market Volatility, oil Market Volatility : U.S. futures start the week on positive note as Greece denied any desire to leave the Euro, forcing investors to buy back the currency and sell the dollar. Also with the U.S. government reporting positive job growth on Friday and Germany producing its best month of exports ever, traders appear to be extending the risk trade.

Most commodities rallied over the weekend pushing the iShares Silver Trust ETF(SLV) up over 5%, the United States Oil ETF(USO) up 2% and the SPDR Gold Trust ETF(GLD) over 1% in pre-market trading.

Look for Exxon Mobil(XOM), up nearly 1%, and Freeport-McMoran Copper & Gold(FCX), up 1.4%, to lead a rebound in commodity stocks as they performed well in overseas trading. Silver mining stocks Hecla Mining(HL), up over 6%, and Silver Wheaton(SLW), up nearly 3%, are rebounding with the precious metals.

U.S. Steel(X) is trading higher this morning behind a positive mention from Barron's. The article, citing an analyst, suggested America's largest steel producer could rally 65% over the next year behind higher earnings.

Dollar Thrift Automotive(DTG) is almost 9% higher after receiving a rival acquisition offer from Hertz Global(HTZ). Thrifty rejected a prior deal last year from Hertz as they wait for federal regulatory action on a deal with Avis Budget Group(CAR).

The risk trade appears to be back on for now with leading tech stocks Apple(AAPL), Netflix(NFLX) and Amazon(AMZN) all up in pre-market trading along with Chinese technology stocks Sina(SINA), Youku(YOKU) and E-Commerce China Dangdang(DANG).
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