[Chart courtesy of MarketWatch.com] Moving the Markets Crude oil along with the energy sector continued its slippery slide with XLE giving back -1.61%, while Crude Oil (WTI) crashed -2.53% to a $42 handle, which is its lowest since last August. Biotechs were the beneficiary of this carnage gaining some 8% over the past 3 days. It’s a strange market, as …
Stocks Rally With Financials Plowing Forward
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains today put both the S&P 500 and Dow back into positive territory for the year. Eyes were focused on tentative announcements from the Fed regarding their stress testing on top U.S. lenders, which exceeded expectations. The conclusions were that 29 of the 31 top banks all passed with flying colors. Investors …