This morning, the major stock indexes are soaring higher. The rally looks to be broad based as almost every stock on my screen is in the green. Most sectors are trading higher including technology, retail, energy, and mining. While everything looks really strong today there are some holes or pockets of weakness in this rally.
One area that is somewhat on the weak side is the large financial stocks. This morning Well Fargo & Co.(NYSE:
WFC) reported earnings and the stock is trading sharply lower by $1.30 to $28.80 a share. Anytime a major financial stock declines this sharply it will usually keep the rest of the stocks in the sectors on the weak side. Other stocks such as J.P. Morgan Chase & Co.(NYSE:
JPM), and Bank of America Corp.(NYSE:
BAC) are trading near the unchanged level an not participating in the market rally.
Mosaic Co.(NYSE:
MOS) is a leading agriculture stock that is trading lower this morning by 0.95 cents to $75.75 a share. This stock is putting some pressure on the rest of the agriculture sector. Traders can watch for intra-day support on Mosaic stock around the $75.17 area.
CSX Corp.(NYSE:
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