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InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
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  • Oracle Stuns Stocks, But It Is A Minor Factor On Market To New Highs 0 comments
    Mar 21, 2013 12:47 PM

    Oracle Corporation (NASDAQ:ORCL) stunned the markets with a poor quarterly report. In the last few days, stocks like Caterpillar Inc. (NYSE:CAT), Deere & Company (NYSE:DE) also disappointed. While the markets pulled back and are trading slightly lower, this is not even close to enough to derail the move on the S&P 500 to new all time highs.

    The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $155.11, -0.52 (-0.33%). This is well off the lows. The all time high on the SPY is $157.52. Regardless of poor earnings and European issues, the market appears destined to hit all time highs. Once hit, it should spike even higher, squeezing out shorts that jump on board at that level.

    Gareth Soloway
    InTheMoneyStocks

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