Zacks' Voice of the People Highlights Opportunities with SPDR S&P 500 ETF, Goldman Sachs, Wells Fargo, JPMorgan Chase and Morga

Since the opening highs of the Dollar, a pullback has occurred. The markets in response have inched higher into the gap down low from Friday. On the SPDR S&P 500 ETF (NYSE: [ SPY ]), this level is $105.90. The SPY has hit it many times today and has yet to break through. As long as the markets stay below this level, look for a possible retest of the lows of the day. Should the markets inch above this $105.90 level, the markets may continue to advance higher for the rest of the day.

The key for this market remains Europe and the Euro. Europe must find some way to calm the fears of default and get the Euro to inch higher. So far this has not been possible.

While most financial stocks continue to be under pressure, Goldman Sachs Group, Inc. (NYSE: [ GS ]) is trading nicely higher. The stock is at $138.53 +$1.84 (1.35%). This is in a sharp contrasts to stocks like Wells Fargo & Company (NYSE: [ WFC ]), JPMorgan Chase & Co. (NYSE: [ JPM ]) and Morgan Stanley (NYSE: [ MS ]), which are all solidly lower on the day. One has to wonder if Goldman Sachs is making a killing on the crazy volatility in this market. Earnings may be insanely huge when they report for the current quarter.

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Zacks' Voice of the People Highlights Opportunities with SPDR S&P 500 ETF, Goldman Sachs, Wells Fargo, JPMorgan Chase and Morga