DJIA and Transports Leave Dow Theory Buy Signal (at Minyanville)
Every technical benchmark and data point seem but an island in the market's stream of confusion.
Stocks gain on new home sales data (Reuters)
An upbeat outlook from FedEx, coupled with encouraging home sales, lifted U.S. stocks on Monday, keeping the S&P 500 above 1,100 for a second day and suggesting the rally could last.
Stalking the Dow Transports (at Minyanville)
There are no negative divergences being flashed by the Dow Transports, but any close below February 2010 lows would be cause for concern.
Federal Reserve Cautious on Housing and Job Growth (at Minyanville)
Demand for mortgages to purchase a home fell 27.1% last week -- a direct result of the expiration of the homebuyer tax credits on April 30.