Zacks' Voice of the People highlights opportunities with Financial Select SPDR Fund, J.P. Morgan Chase & Co. and Wells Fargo & Co.

CHICAGO, April 6, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".

(Logo:  http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

More Voice of the People.

Featured Post

Financial Giants Continue to Lag

Since the late February correction the financial stocks have lagged the major stock indexes. On March 16, 2011 the major stock indexes all made a pivot low, however, the large financial stocks have not rallied as much with most other sectors. The highly popular Financial Select SPDR Fund (NYSE: XLF) was trading as low as $15.80 a share on March 16, 2011. Today the XLF is trading around the $16.45 level. While the XLF has bounced it is trading below the daily chart 50 moving averages which can often signal a sign of weakness. In late November 2010, it was the financial stocks that lead the stock market advance.

J.P. Morgan Chase & Co. (NYSE: JPM) is the leading financial stock in the market. This stock is considered the best and most influential stock in the sector. JPM is trading above the major moving averages, however, it is still trading below the February 16, 2011 high which was $48.36 a share. This recent high will still be resistance for the stock should it trade up to that level. This morning JPM is trading lower by 0.03 to $46.33 a share.

Wells Fargo & Co. (NYSE: WFC) is trading lower by 0.07 cents to $31.74 a share this morning. This leading financial stock is trading below the daily chart 50 moving average which is a sign of weakness. The stock will have daily chart support around the $30.50 level. Should the stock rally higher the $33.00 level will be near term resistance.

When a leading sector fails to participate in a rally it is usually a sign of weakness in the sector. It can also signal that the overall market may not be as strong as it appears on the surface.

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. Learn more about People And Picks.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros.

View our Stock Market Today page for the Latest Market Action.

Follow us on Twitter:  http://twitter.com/ZacksInvestment

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch    

YouTube Channel: http://www.youtube.com/user/ZacksInvestmentNews

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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
Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
Visit: www.Zacks.com

SOURCE Zacks Investment Research, Inc.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.