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Zacks’ Voice of the People Highlights Opportunities SPDR S&P 500 ETF, Apple, International Business Machines and Google

CHICAGO Jan. 24, 2011 " "

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Stock Market Trouble as Weakness Shows

January 24, 2011 SPDR S&P 500 ETF SPY Apple Inc. AAPL International Business Machines Corp. IBM Google Inc. GOOG

10:00am ET SPDR S&P 500 ETF SPY $129.17 $128.30

Over the last three months, the markets have floated non-stop higher, especially on Fridays and even more so when the U.S. Dollar is weaker, like it is today. So what gives?

Apple Inc. AAPL International Business Machines Corp. IBM Google Inc. GOOG

The problem here is simple. The markets are up over 20% in the last few months. Even the best earnings — perfection on all levels — cannot justify the recent gains. Institutions are looking to sell for now, take profits and evaluate their positions. This is creating a market that looks much different than what was seen just a week ago.

In addition, let’s not forget options expiration and the sneaky institutions wanting to push some key stocks lower, to have the plethora of calls they sold expire worthless. When options expire worthless, the institution enjoys the entire premium as a pure profit.

Bottom line is, this market is acting differently these last few days. This must be watched as a top could be near.

About the Zacks Community

About Zacks

Leonard Zacks

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock

People & Picks Manager
Phone: 312-265-9307
Email: [email protected]


SOURCE Zacks Investment Research, Inc.

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