Morgan Stanley shares jumped 8.6% to $27.36 in morning trading Wednesday, while Goldman shares rose 43 cents to $149.34.

Goldman (GS 148.10, -0.81, -0.54%) said Tuesday that its equity-trading operations generated net revenue of $235 million in the second quarter. That was down 84% from the first quarter. The drop was partly caused by the firm's inability to hedge against a spike in stock-market volatility.

What’s more, Goldman’s employees are on track for what could still turn out to be a very good year. Goldman has set aside $9.3 billion for bonuses and other compensation so far this year — down 18 percent from the first half of 2009 — but enough to equal more than $500,000 per employee at the firm, which has a work force of 34,100.

Goldman’s traders have long aroused envy across Wall Street for their ability to prosper in markets good and bad, but they lost the Midas touch in the spring, especially when it came to trading stocks. As clients bet on rising volatility, Goldman took the other side of the trade, leaving it on the losing end when volatility did in fact surge.

source: mysmartrend.com
Comex Gold for August delivery closed 1% lower Tuesday, pressured by a stronger euro and gains among equities.

The front month contract fell $12.60 to $1,195.10 per troy oz. on the NYMEX, the precious metal's lowest close since the 21st of May and the first decline below the $1200 level since May.

In other resources action, silver turned around on early weakness to close 0.8% higher at $17.86 an ounce.As a result of Gold action, Goldcorp (NYSE:GG) is trading 1.7% lower to $40.69 while Barrick Gold (NYSE:ABX) is down over 1% to $42.79.

If shares of NV Energy climb above the resistance line, the trend of the stock may change. The stock might become bull or neutral and traders may need to rely on other indicators as part of their strategy to determine what action to take concerning the stock.

Shares of NV Energy closed at $11.79 in the previous trading session and opened today at $11.89. NVE is currently trading at $11.95, up $0.16 (+1.36%) in today's trading session. The shares of the stock are trading between the range of $11.88 - $12.16. Today's price change was accompanied by a volume of 2,074,736 shares which is greater than the average volume of 2,015,820 shares. (via marketintellisearch)

Direxion Daily Financial Bull 3X Shares (FAS) gained some ground during trading yesterday, but it appears there is some bearish pressure building up in the background. Looking at yesterday's money flows, $1.04 million left the stock. Only $135.94 million flowed into the stock on uptick trades while $134.91 million flowed in on downtick trades---giving FAS an up/down ratio of 0.13.

The question is, will FAS continue rising or will increasing bearish sentiment help turn things around and start pushing the stock price lower? FAS has lost 24.78% during the past month and is currently trading below its 20-day, 50-day and 200-day moving averages.(via learningmarkets)

Shares of Direxion Daily Energy Bull 3X Shs gained $0.69 (+2.97%) to $23.94. The stock closed at $23.25 in the last trading session and today the shares of ERX opened at $24.40. So far today, the stock has hit a low of $23.20 and high of $25.14. The current trading volume of 4,737,475 is greater than average volume of 4,424,630 shares. ERX is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $22.08 and 52 week high is $54.54. (via marketintellisearch)