Markets Hesitate As Worry Still Remains

The markets are trading slightly higher today as the holiday weekend inches closer. The SPDR S&P 500 ETF SPY is trading at $132.36, +0.30 (0.23%). There are still faint worries about the European debt crisis but with the Dollar trading lower, the markets are enjoying a break from the selling. The PowerShares DB US Dollar Index Bullish UUP is trading at $21.71, -0.08 (-0.37%). The strength to keep the markets slightly positive comes from commodities. Oil, gold and silver are all surging higher today with a small drop in the Dollar. This is helping the beaten down stocks like Chevron Corporation CVX and Exxon Mobil Corporation XOM bounce. While the commodity stocks are bouncing nicely and keeping the market afloat, banks and technology are weaker. After a sharp drop yesterday, this small bounce in the markets is nothing to write home about. Gareth Soloway InTheMoneyStocks.com