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February 2013

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Gold Seeing Its Next Wave Of Selling

February 28, 2013 – Comments (0) | RELATED TICKERS: GLD

As the markets continue to stabilize and climb, fear falls away. When fear dissipates, gold retreats. Today the SPDR Gold Trust (ETF) (NYSEARCA:GLD) is falling sharply once again. The gold ETF is trading at $152.55, -2.02 (-1.31%). The GLD will continue to see downside until $148-$149. At that level it will see a solid bounce higher.

Gareth Soloway
InTheMoneyStocks  [more]

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Market Rips, Apple Still Cannot Catch A Bid

February 27, 2013 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is trading at $444.88, -4.09 (-0.91%) while the S&P 500 (INDEXSP:.INX) surges 1,512.81, +15.87 (1.06%). This shows major weakness in the stock, signs it is highly likely to go lower. The key supports on the daily Apple chart remain $421.00 and $395.00. The daily chart is almost forming a solid bearish base.

Gareth Soloway
InTheMoneyStocks

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Can Petrobras Hold This Major Double Bottom?

February 27, 2013 – Comments (1) | RELATED TICKERS: PBR

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has been in a sharp downward trend over the last year. This oil company traded as high as $32.60 in 2012 before hitting a new 52 week low just yesterday at $14.59. This fall has been due to a couple reasons. Tough regulation in Brazil has hurt while the mountain of debt they hold continues to hamper expansion. Current debt holds around $100 million.

While the stock price has suffered and prospects look bleak, technically the chart is into significant support. In 2008, the stock hit a low of $14.73. This is the current level of the stock, also known as a multi-year double bottom. If this stock is to have a solid bounce, this is the level to find it.  Look for upside back to $17.35.

Gareth Soloway
InTheMoneyStocks

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Has The Japanese Stock Market Peaked Yet?

February 27, 2013 – Comments (0) | RELATED TICKERS: EWJ , SNE , TM

One of the hottest stock markets in the world has been the Japanese stock market. The highly followed Nikkei 225 Index has rallied higher by 3200.0 points since mid-October. Anytime an index surges higher by more than 35.0 percent in such a short span of time it does make traders and investors wonder how much further this index can trade before pulling back or staging a meaningful correction. 

Traders and investors should now expect a pullback and possibly a correction to take place in the highly followed Japanese stock market. Recently, Japan's Finance Minister Taro Aso stated that he wanted to get the Nikkei 225 Index to reach 13,000 by the end of March. Devaluing the Japanese Yen (Japan's currency) is the tactic that the Japanese government and Bank of Japan (central bank) are using to inflate their stock market. While it has been working it does not come without repercussions. Anytime any country devalues their currency it will ultimately lead to inflation. As many of you know, Japan has been fighting deflation for nearly 20 years now, so I guess they are thinking that they need to really inflate their markets. 

As a technical trader we know that markets can only travel so far before pulling back. It does not matter how much money printing and inflationary tactics are taking place. At certain technical points markets will pullback or consolidate before moving higher. You see, institutions that are long the Nikkei 225 Index will simply want to lock in some gains and this will cause the markets to pullback regardless of any government effort to prop up the market. 

It looks as if the Nikkei 225 Index has now reached a level where a pullback or possibly a correction should occur. The Nikkei should have near term daily chart support around the 10,500 level. This is a level where the Nikkei 225 index could see a decent bounce according to the charts. Another way to play the Japanese market is to use the iShares MSCI Japan Index Fund (NYSEARCA:EWJ). Some leading Japanese ADR's that trade in the United States could also be affected. Leading Japanese stocks such as Sony Corporation (ADR) (NYSE:SNE), Panasonic Corporation (ADR) (NYSE:PC), Toyota Motor Corporation (ADR) (NYSE:TM), and Canon Inc. (ADR) (NYSE:CAJ) could pullback if the Nikkei 225 Index declines.  [more]

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Transports Head South

February 26, 2013 – Comments (0) | RELATED TICKERS: NSC , IYT , UAL

This morning, the important and highly followed transportation sector is declining again. Most traders and investors will follow the transports to gauge the heath of the overall economy. When the transports show strength it is a sign of an improving economy. On the flip side, when the transport sector declines it is a sign of economic weakness in the economy.

Traders can follow the transport sector by using the iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT). Today, the IYT is declining lower by 0.10 cents to $103.29 a share. While this ETF is down a lot today it is still negative and continues to be weak from yesterday's sharp decline. Short term traders should watch for intra-day support around the $102.50, and $102.00 levels. The daily chart of the IYT is signaling support around the $99.00 level.

Some leading transportation stocks that are declining lower today include CSX Corporation (NYSE:CSX), Norfolk Southern Corp (NYSE:NSC), Delta Air Lines Inc (NYSE:DAL), United Continental Holdings Inc (NYSE:UAL), and United Parcel Service Inc (NYSE:UPS). All of these stocks should be viewed on an individual basis.

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Stocks Collapse From Gap Higher: The Truth Behind It

February 25, 2013 – Comments (0)

The markets opened nicely higher on Monday morning. This followed the S&P 500's first down week in almost two months. After an initial gap higher, the markets have collapsed and turned negative on the day. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $151.49, -0.40 (-0.26%). Why has the market moved into negative territory on sharp selling?

Reasons For Market Reversal

1. Last Tuesday marked a Cycle Date. Cycle dates tell us of trend reversals. The trend topped out last Tuesday and has since been lower. The markets are now fighting an uphill battle in the short term and should continue to remain weak until around the $146.00 level on the SPY.

2.  The Dollar spiked dramatically higher after the U.S. stock market opened. A strong Dollar means a weak market. This inverse relationship has been in existence for years.

3. Italians are voting today. Fears are swelling as exit polls showed Berlusconi’s coalition has the lead in elections. He has sworn to cut back on austerity measures which threaten the unity of the European Union. This could be a disaster for the markets.

4. The Sequester is set to take hold on March 1st, 2013. This is on Friday and represents automatic spending cuts across the board to the tune of $85 billion. Each time the U.S. faces automatic spending cuts, the politicians kick the can down the road. It is looking more and more like this time it will happen. $85 billion less in government spending means slower U.S. growth.

The first reason was the Cycle Date. Everything listed after are the catalysts that coincide with the master Cycle Date. When you know these dates, you know where to position yourself for maximum profit. Institutions cannot do it better.

Gareth Soloway
InTheMoneyStocks

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Casino Stocks Hit The Jackpot For Now

February 25, 2013 – Comments (0)

This morning, the leading casino stocks are trading higher to start the day. Many traders and investors seem to have nibbled on the casino stocks over the past couple of trading sessions. Today, Las Vegas Sands Corp (NYSE:LVS) is trading higher by $1.33 to $52.06 a share. Short term traders should watch for intra-day resistance around the $53.10, and $54.11 levels.

Some other leading casino stocks that are also trading positive today include Wynn Resorts Ltd. (NASDAQ:WYNN), MGM Resorts International (NYSE:MGM), Melco Crown Entertainment Limited (NASDAQ:MPEL), and Boyd Gaming Corp (NYSE:BYD). This sector will often trade close together. All of these stocks are also affected by the Chinese economy due to their Macao operations.  [more]

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Gasoline’s Decline Sets The Dollar Stores On Fire

February 21, 2013 – Comments (0)

This morning the major stock indexes are declining lower again, the one group of stocks that are rallying higher are the dollar stores. The discount dollar stores cater to the lower income consumer. These stocks will usually rally when the price of gasoline pulls back. Today, gasoline is declining and this is certainly one of the main reasons for the surge in the dollar stores. Remember, high gasoline prices are a direct tax on the U.S. consumer. Traders can follow the price of gasoline by following the United States Gasoline Fund LP (NYSEARCA:UGA). At this time, the UGA is trading lower by $1.10 to $63.17 a share.

Some leading dollar stores that are shooting higher today include Family Dollar Stores, Inc (NYSE:FDO), Dollar General Corp (NYSE:DG), Dollar Tree Inc (NASDAQ:DLTR), and Big Lots Inc (NYSE:BIG). Traders should keep a close eye on the gasoline prices as these stocks will usually trade inverse to gasoline. This is evident by looking at the chart below; notice when the UGA (gasoline) moves higher the FDO declines lower.   [more]

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What Is Copper Telling Us?

February 20, 2013 – Comments (0) | RELATED TICKERS: FCX , JJC , SCCO

Many professional traders and investors will follow copper  closely. The industrial metal is known throughout history to be a good leading indicator for the economy and the stock markets. Many traders can now track the action in copper by following the iPath DJ-UBS Copper TR Sub-Idx ETN (NYSE:JJC). Today, the JJC is declining lower by 0.52 cents to $45.51 a share. Short term traders should watch for intra-day support around the $45.00, and $44.50 levels. The JJC should have good daily chart support around the $43.70, and $42.00 levels. In the near term, the JJC is a little oversold on the daily chart so a minor bounce should not be ruled out at this time.

The leading copper stocks in the market are Southern Copper Corp (NYSE:SCCO), and Freeport-McMoRan Copper & Gold Inc (NYSE:FCX). Another equity that tracks and follows the copper mining stocks is the Global X Copper Miners ETF (NYSEARCA:COPX). Today, the COPX is trading lower by 0.22 cents to $12.45 a share.
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Coffee Could Be The Brew Of The Week

February 19, 2013 – Comments (0) | RELATED TICKERS: GMCR , JVA , DNKN

Many traders and investors have been selling coffee futures ($KC) since may 2011 when coffee futures traded as high as $308.90 per contract. Coffee futures are now trading around the $140.20 level today. This has certainly been a serious bear market for one of the most popular commodities in the world.

Coffee futures are now very oversold and look to be making a final low. Due to the severity of the down trend in the coffee futures, further declines cannot ruled out. However, that is typically when the large institutions will start to accumulate the commodity. Any downside from here should be very limited. The monthly chart of coffee futures has very good support around the $132.00 level. Traders can also trade and track the action in the price of coffee by following the iPath DJ-UBS Coffee Subindex Total Return SM Index ETN (NYSEARCA:JO).
Traders should understand that higher coffee prices in the future could hurt leading stocks such as Starbucks Corporation (NASDAQ:SBUX), Green Mountain Coffee Roasters Inc (NASDAQ:GMCR), Coffee Holding Co Inc (NASDAQ:JVA), and Farmer Brothers Co (NASDAQ:FARM), and Dunkin Brands Group Inc (NASDAQ:DNKN). All of these stocks should be viewed on an individual basis.

Nick Santiago
InTheMoneyStocks
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The Simple Ways Gold Told You Of Coming Collapse

February 15, 2013 – Comments (90) | RELATED TICKERS: GLD

Gold continues to collapse lower. The metal is trading at $1,606.50, -29.00 (-1.77%). Many retail investors have been shocked by the massive sell in gold but I called it out in multiple articles weeks and months ago.  [more]

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Where Did The Volume Go? Why Are The Markets Not Spiking Higher?

February 14, 2013 – Comments (0)

Volume has been lighter this week than any other week in the last few years. This is extremely rare for February, especially since it is options expiration. Where did it go and what does it mean?  [more]

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Airlines Stocks Have Been Flying Higher, What Is Next?

February 14, 2013 – Comments (0) | RELATED TICKERS: LCC , DAL , UAL

The airline stocks have been soaring higher recently. This sector has been very depressed for years due to high fuel costs, labor costs, and increased competition. Now that was the past and here is the present. Over the past couple of years the major airlines have all consolidated creating three major airlines.

Today, U.S. Airways Group Inc (NYSE:LCC) completed its merger with American Airlines finalizing the mergers of the mega carriers. Recently, United Airlines merged with Continental Airlines to form United Continental Holdings Inc (NYSE:UAL). In 2011, Delta Air Lines Inc (NYSE:DAL) merged with Northwest Airlines. Investors can now view the airlines slightly different since there is much less competition in the industry. The only negative for the airline stocks now will be the high energy and labor costs.

Please understand, this sector is very overbought in the near term. So this tells us that traders should watch for consolidation on the daily charts before looking to buy the airline stocks.

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Interesting Market Action: Look Inside

February 13, 2013 – Comments (0) | RELATED TICKERS: SPY

Two things have struck me over the last two days. First, the markets have barely been able to squeak out a gain around the State of the Union address. Usually, it is a no brainer up day before and after the presidential speech. Secondly, the market have reversed on extremely light volume both days, off their highs. Usually, on light volume it is almost impossible for the markets to sell off.

What Does This Mean?

It means the markets are getting tired. In addition, it means the stream of retail investor money is stalling out and institutions continue to not buy at these market levels.

Result?

We should see a small pull back enter the market as soon as volume resumes, as early as Thursday into next week. The pull back will be minor, just a few percent but will take hold.

Gareth Soloway
InTheMoneyStocks

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Restaurant Stocks Serve A Slider

February 13, 2013 – Comments (0) | RELATED TICKERS: MCD , PNRA , CMG

This morning, many of the leading restaurant stocks are pulling back at the start of the trading session. The catalyst for today's pullback in the restaurant stocks is being blamed on a weak retail sales report. Higher payroll taxes seem to be taking its toll on retail sales and this will certainly have a negative effect on the leading restaurant stocks. Higher gasoline, and energy costs are also a tax on the public and this has yet to be reported by the mainstream media.

Leading restaurant stocks such as Panera Bread Co (NASDAQ:PNRA), Chipotle Mexican Grill, Inc.(NYSE:CMG), McDonald's Corporation (NYSE:MCD), and Darden Restaurants Inc (NYSE:DRI) are just a few of the names in the restaurant sector that are pulling back today. Many traders and investors should know that consumer spending accounts for roughly 70.0 percent of the gross domestic product (GDP) in the United States. Less money in the hands of the consumer will ultimately hurt everything in the retail sector.

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Clouds Fall Off The RAX

February 13, 2013 – Comments (0)

This morning, one of the leading cloud computing hosting companies Rackspace Hosting Inc (NYSE:RAX) is declining sharply after reporting earnings. It seems that revenue came in below consensus and the street is punishing the stock. RAX stock is trading lower by $11.93 to $63.05 a share. Short term traders can watch for intra-day support around the $60.00 level. The best daily chart support level looks to be around the $55.00 area.

This decline in RAX stock will often cause other cloud computing stocks to be weak, this is called trading lower in sympathy. Some leading cloud computing stocks that are trading lower today include VMware Inc (NYSE:VMW), Citrix Systems Inc (NASDAQ:CTXS), Riverbed Technology Inc(NASDAQ:RVBD), and Aruba Networks Inc (NASDAQ:ARUN).

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Where Is This ETF MOO-ving?

February 12, 2013 – Comments (0) | RELATED TICKERS: CF , POT , MOO

Since November 15, 2013, the Market Vectors-Agribusiness ETF (NYSEARCA:MOO) has been steadily rising with the major stock indexes. It looks as if MOO made a short term high on January 25, 2013 at $56.55 a share. The current pattern on the daily chart for MOO is not really bad, it is just a simple consolidation pattern that will most often lead to further upside. Traders should watch for an important support level for the MOO around the $53.50 level, which looks to be an important near term support level on the daily chart.

Some of the top holdings inside of the MOO include Monsanto Co (NYSE:MON), Potash Corp Sask Inc (NYSE:POT), and Mosaic Co (NYSE:MOS). All of these stocks are holding up very well at this time, however a milder pull back on the daily charts should not be ruled out in the near term.

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Gold Tumbles Again: Where Is It Going?

February 11, 2013 – Comments (4) | RELATED TICKERS: RGLD

Gold collapsed again today, falling $17.70 to $1649.20 into the lunch hour. The safe haven commodity has dropped quite a bit in the last six months and based on the charts, will go lower. The SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading at $159.53, -2.04 (-1.26%). The 52 week high reached in early October was $174.07.

The GLD will head lower this year, testing the 2012 lows of $149.00. The reasoning behind this has multiple sides. First, the technical charts are broken. Just looking at the daily GLD chart would make you shudder. Ugly does not even begin to describe it. In addition, between commercials on TV and radio and the multi year pumps from the media and analysts, the retail investor has bought gold, hook, line and sinker. These investors need to be flushed out before it becomes a good buy again. Prior to its next big dramatic move up, gold may actually see 1200 per ounce.

Let's look at Royal Gold, Inc USA (NASDAQ:RGLD). It is trading at $71.42 -1.38 (-1.90%). The stock shows further downside until $58.00. Once there, a significant bounce should come into play.

Gareth Soloway
InTheMoneyStocks

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Noble Energy Leads The Decline In The Exploration Stocks

February 11, 2013 – Comments (0) | RELATED TICKERS: NBL

This morning, shares of Noble Energy Inc (NYSE:NBL) are declining lower by $2.10 to $113.24 a share. This stock is certainly causing weakness in many of the leading oil and gas exploration stocks. Short term traders should watch intra-day support around the $112.00 and $110.50 levels. The daily chart of NBL is selling sharply today after making a new 52-week high on Friday. This stock is very overbought on the daily and weekly time frames. The daily chart of NBL shows good support around the $103.00 area.

Some leading oil and gas exploration stocks that are declining lower today include Anadarko Petroleum Corporation (NYSE:APC), Plains Exploration & Production Company (NYSE:PXP), and Berry Petroleum Company (NYSE:BRY). Most of these stocks are overbought in the near term. This tells us that most of the leading stocks in this sector will likely need to consolidate or pullback further before the up-trend resumes.
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The Best Natural Gas Play In The World

February 11, 2013 – Comments (1)

Traders and investors are always looking at future trends to make money. One of the latest themes presenting an opportunity to make money in the future is the natural gas sector. Many so called "experts" believe that the United States has more natural gas than any other country on the planet. If this is true, then it is reasonable to assume that the natural gas stocks have future potential of trading much higher once this energy source is readily available for exporting to other countries.

Sure, there is dozens of stocks in this gigantic sector that traders can play at this time. Some leading stocks in the industry group include Chesapeake Energy Corporation (NYSE:CHK), Devon Energy Corporation (NYSE:DVN), Southwestern Energy Co. (NYSE:SWN), Apache Corp (NYSE:APA), and Comstock Resources Inc. (NYSE:CRK) just to name a few. The large integrated energy stocks such as Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and ConocoPhillips (COP) all have a foothold in the business as well. The one company that stands out the most is Exxon Mobil Corporation (NYSE:XOM).
In late 2009, Exxon Mobil Corp bought out natural gas giant XTO Energy for $41 billion. This was Exxon Mobil's largest acquisition in over a decade. Please remember, Exxon Mobil Corp is the world's largest energy company by market capitalization, which is at nearly $400 billion. When the world's largest energy company makes an acquisition as large as this one, it is certainly telling the world where the future of energy will be. Often, investments such as these will take five or ten years to pan out, but it is certainly telling of where the energy sector is going, and that is the route of natural gas.

Why hasn't the use of natural gas become main stream already? While there are massive reserves of natural gas in the United States, there is the problem of getting the gas out of the ground safely. The process of retrieving the natural gas is called hydraulic fracturing or hydro-fracturing, commonly known as fracking. This is the process of drilling and injecting fluid into the ground at a high pressure in order to fracture shale rocks to release natural gas inside. Some chemicals such as lead, uranium, mercury, ethylene glycol, formaldehyde, methanol, and radium are just a few of the many agents used in fracking fluid. Many reports have claimed that this process pollutes the water supplies around the United States. Therefore, until this process can be accomplished safely, natural gas may have some time to go before we can expect to use it in our motor vehicles, everyday energy needs and exporting to other countries.

Some other potential natural gas related plays include Clean Energy Fuels Corp (NYSE:CLNE), Cheniere Energy Partners LP (NYSE:LNG), Westport Innovations Inc (NASDAQ:WPRT). If and when this natural gas sector explodes all of these stocks mentioned could see significant upside. Traders and investors should view all of these stocks as potential trading vehicles at this time. All of these stocks are likely to be seen in a much more positive light in about three to five years from now when better and safer techniques are used to retrieve the gas. At this time, Exxon Mobil Corp (NYSE:XOM) is still probably the best way to play the natural gas sector simply because of its diversity and shear size in the oil, and natural gas sector.   

Nick Santiago
InTheMoneyStocks.com  [more]

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Why The McGraw-Hill Companies, Inc. Is A Buy Soon

February 07, 2013 – Comments (0) | RELATED TICKERS: MHFI

The McGraw-Hill Companies, Inc. (NYSE:MHP), the parent company of Standard and Poor's is in hot water after the United States filed a lawsuit over the ratings on mortgage backed securities prior to and during the financial crisis. The amount of damages being sought in the lawsuit are said to be near $5 billion. The hype on Wall Street is saying, should MHP lose, they could be crippled as a company.

There is no way in hell McGraw-Hill will ever go under based on this. First, settlements are always reached. The amount is usually somewhere in the middle, let's say $2.5 billion. In addition, the government would never cause a company that employs close to 25,000 people to go out of business. The PR disaster alone would be enough to let them have a payment plan over a decade.

The stock has been crushed, falling from 52 week highs of $58.62 to its current level of $43.83. There is panic dumping here and somewhat justified as there will be a monetary penalty. However, with major support looming at $42.00, it is likely the drop will stall in the near term and maybe even see a great bounce.

Gareth Soloway
InTheMoneyStocks

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Pattern Complete: Japanese Yen (FXY) Completes Its Head And Shoulders

February 07, 2013 – Comments (0) | RELATED TICKERS: FXY

Recognizing patterns means profits will flow. The CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) is trading at $104.99, +0.14 (0.13%). This ETF that tracks the Yen hit its target on the head and shoulder pattern just days ago and has stabilized. Calculating the exact price targets of patterns is easy, if you know how to do it. Please note the chart below which shows the beauty of a pattern, its triggering and the completion. One of the best examples in the charts in recent history.

Once a pattern hits its target, you expect a reversal. Based on the FXY hitting its downside target, a bounce should come into play shortly. Enjoy.

Gareth Soloway
InTheMoneyStocks

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IBM Could Be Talking To Us

February 07, 2013 – Comments (0) | RELATED TICKERS: HPQ , IBM , ORCL

International Business Machines Corp (NYSE:IBM) is one of the leading technology stocks in the stock market. This still is also a leading component of the Dow Jones Industrial Average (DJIA). On January 23, 2013 the stock soared higher into the $205.00 level after reporting earnings. Since that time, the stock has been consolidating in a bullish manner, however, that consolidation pattern is now failing. Sometimes the best stock moves come from failed moves and that looks to be happening with IBM.

Today, IBM stock is trading lower by $2.02 to $199.02 a share. Short term traders should watch for intra-day support around the $198.25 level. The daily chart support level should be around the $193.00 area. The decline in IBM will have a negative effect on the DJIA which is a price cap weighted index. Some leading stocks that will also be affected negatively by the decline in IBM include Hewlett-Packard Company (NYSE:HPQ), Oracle Corporation (NASDAQ:ORCL), CA Inc (NASDAQ:CA), and BMC Software Inc (NASDAQ:BMC).

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Is IBM Showing Wider Market Problems?

February 06, 2013 – Comments (0) | RELATED TICKERS: IBM

Yesterday, the markets surged higher, gaining almost 1% across the board. While the markets were strong, International Business Machines Corp. (NYSE:IBM) fell. Today again, the market is flat to positive but IBM is trading at $200.84, -1.10 (-0.54%). So why is IBM falling when the market is so strong? Is it speaking to a wider issue in the market?

Just two weeks ago, IBM reported solid earnings. The stock jumped from $194.47 to a high of 208.58. Since that point, it has given back over 50% of those gains. Is it possible the global presence of  IBM is showing us major problems still in Europe and China? As a general rule, watch the leaders in the Dow Jones Industrial Average like IBM as well as JPMorgan Chase & Co. (NYSE:JPM). Also watch the leaders in the S&P 500 and the NASDAQ. They will show the weakness prior to the market pulling back.

Gareth Soloway
InTheMoneyStocks

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Casino Stocks Crap Out

February 06, 2013 – Comments (0) | RELATED TICKERS: WYNN , MPEL , IKGH

This morning, many of the leading casino stocks are declining lower after a report was released that China may target junket or trip operators with links to organized crime. Junket operators help drive gamblers to the Macao casinos.

WYNN Resorts Limited (NASDAQ:WYNN) is considered to be the leading stock in the region. Today, WYNN stock is declining lower by 2.35 percent to $122.60 a share. Short term traders can watch for intra-day support around the $121.00, and $118.00 levels. The daily chart has support around the $155.00 area should the stock decline further over the next few days.

Some other leading casino stocks that are also declining lower on the news include Las Vegas Sands Corp (NYSE:LVS), Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), Asia Entertainment & Resources Ltd (NASDAQ:AERL), and Galaxy Entertainment Group Ltd (PINK:GXYEY). Traders should keep these stocks on the radar as they are all still in an uptrend on the charts. At this time, today's decline seems to be nothing more than a reactionary pullback on a negative news report.

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Stocks Surge Back: Hardcore Analysis And What It Means

February 05, 2013 – Comments (0) | RELATED TICKERS: SPY

The markets jumped higher today, one day after a big drop that saw the entire Dow Jones Industrial 14,000 move from Friday wiped out. The stock market seems unsure as to the direction they want to head. After Friday's move above 14,000 on the Dow, the media pumped like crazy, only to see the markets collapse yesterday. Now the markets appear to be heading right back to the 52 week highs.

So what does this mean? The answer is simple. It is all about where the markets close today. On the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), if they can negate 100% of the drop from yesterday, a bullish bias must resume. If they close higher but under the gap fill level, a neutral bias should be taken and all eyes need to watch the action tomorrow. Lastly, while unlikely, if the markets sell off into the end of the day and close flat to lower, a negative bias would continue.

Gareth Soloway
InTheMoneyStocks

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Gold Miners Struggle

February 05, 2013 – Comments (0)

This morning, many of the leading gold mining stocks are struggling to catch a bid higher on the session. One of the best ways to follow the gold mining sector is to track the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading lower by 0.11 cents to $42.23 a share. The GDX still looks weak on the daily chart as price is trading below the important 50, and 200-day moving averages. Short term traders should watch for intra-day support around the $42.00, and $41.50 levels.

Some leading gold mining stocks that are struggling to trade higher on the session include Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), AngloGold Ashanti Limited (ADR) (NYSE:AU), Gold Fields Limited (ADR) (NYSE:GFI), and Yamana Gold Inc (USA) (NYSE:AUY). The gold mining stocks will be affected by the currency markets, therefore it is important to know where each miner is operating.
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Trade Lesson: Monitor Relative Strength And Weakness For Profits

February 04, 2013 – Comments (0) | RELATED TICKERS: AAPL

When looking at stocks, always take note of two things. First, look to see how the market is behaving. Is the market strong or weak? Second, analyze the strength or weakness of any one particular stock. More often than not, you can tell the future stock movement by doing these two simple steps.

Let's take a look at Apple Inc. (NASDAQ:AAPL). On Friday, the stock ended the day slightly lower. However, the market was extremely strong. What does this tell us about Apple? When comparing the two, it shows that Apple is weak relative to the overall market. Simply put, if Apple cannot even catch an up move on a big rally day, what are the odds it will head higher in the coming days. Little to none. A conclusion should be reached that Apple will head lower.

This conclusion reached on Friday was confirmed today. Apple Inc. (NASDAQ:AAPL) is trading at $445.37, -8.25 (-1.82%). Notice how not only is Apple lower on the day, but it is down 1.85% with the NASDAQ just down 1%.

This same method could have been used on any stock on Friday, including Amazon.com, Inc. (NASDAQ:AMZN) which was also down on Friday. The stock is down almost 2% today.

Gareth Soloway
InTheMoneyStocks

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Technical Alert: Markets Fall Sharply As Reality Sneaks Back In

February 04, 2013 – Comments (1) | RELATED TICKERS: SPY

The markets are flushing lower today, negating the entire move from last Friday. Friday, February 1st, 2013 saw a solid Non Farm Payrolls Report, great revisions to past numbers and also a fantastic ISM Report. The markets surged higher, the Dow Jones Industrial Average closing above 14,000 for the first time since 2007.

As expected, it appears Dow 14,000 was just a way to get the small, retail investor excited and back in the stock market. This is a common theme throughout history. Whenever the markets are at 52 week highs and major levels are closed above, the retail investor buys. Who are they buying from? The institutions, who are happily selling to them.

On a technical basis, should this reversal hold, it will be very bearish. A reversal candle, negating the entire move higher should signal further downside in the coming weeks. The fact that it is happening at a 52 week, multi year high, adds fuel to the fire. Additionally, one must be concerned that mutual fund inflows have continued at a record pace as the retail investor flocks into stocks.

Swing Traders Action Update: Today, great gains were seen in Pacific Ethanol Inc (NASDAQ:PEIX). An alert was given to members inside the Research Center to accumulate at $0.35 a few weeks ago. Today the stock spiked dramatically higher. Profits were taken at $0.45 for a 28.5% gain.

Gareth Soloway
InTheMoneyStocks

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Home-builders Hold More Than The Keys To The Front Door

February 04, 2013 – Comments (0) | RELATED TICKERS: BZH , DHI , SHW

One of the leading stock sectors in 2012 was the home-builder stocks. This industry group has rebounded sharply higher since October 4, 2011. Many of the leading stocks in the sector have doubled or more over the past year. This type of action in the home-builder stocks tells us that the central banks are trying their best to create another housing boom. The Federal Reserve Bank announced in September 2012 that they will buy $40 billion in mortgage backed securities (MBS). They are also buying $45 billion in U.S. Treasuries to try and keep interest rates artificially low. Low interest rates will help many of the private equity funds to pick up real estate at a very low borrowing rate. These private equity groups will then rent out the property at a premium. Individual home buyers can also receive a good interest rate if they can qualify for a loan. Either way, the central banks are trying everything they can to cause a housing rebound.

Some of the leading stocks in the home-builder sectors include Lennar Corp (NYSE:LEN), The Ryland Group, Inc (NYSE:RYL), and Beazer Homes USA Inc (NYSE:BZH) just to name a few. Other leading stocks that are tied to the home-builder recovery include Sherwin-Williams Company (NYSE:SHW), Mohawk Industries Inc (NYSE:MHK), and The Home Depot Inc (NYSE:HD). All of these stocks are just off of their 52- week highs.

Should the home-builder sector start to falter it could signal real trouble for this four year stock market recovery that began in March 2009. Traders must remember the last time the central banks lowered interest rates to try and inflate the economy via the housing market was in 2002. That move in 2002 lead to the recession in 2008.

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0

Big Energy Feels The Heat

February 04, 2013 – Comments (0) | RELATED TICKERS: COP , CVX , XOM

This morning, the leading integrated energy stocks are coming under selling pressure. It is important to note that the energy sector accounts for roughly 17.0 percent of the S&P 500 Index. It is now very easy to see why this industry group is so important for the major stock indexes. 

The leading energy stock in the sector is Exxon Mobil Corp (NYSE:XOM). Today, XOM stock is declining lower by $1.00 to $89.02 a share. Short term traders should watch for intra-day support around the $88.80, and $88.32 levels. The daily chart is signaling support around the $87.75 area. Traders must remember, XOM has the largest market capitalization in the world around $410.0 billion. 

Some other leading integrated energy stocks that are declining lower today include Chevron Corp (NYSE:CVX), ConocoPhillips (NYSE:COP), and BP plc (NYSE:BP). All of these leading energy stocks are still signaling further weakness on the daily charts. As long as these stocks remain weak it is very difficult for the major stock indexes to trade higher. Often, the leading energy stocks will trade inverse to the U.S. Dollar.   [more]

Recs

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HIGH ALERT: Euro-Zone, Spain, Italy

February 04, 2013 – Comments (0) | RELATED TICKERS: EWI , EWP

At this time, the major stock indexes around the world are surging sharply higher. Every economy in the world seems to once again, be clicking on all cylinders. Japan, Europe, England, China, and the United States are just a few major economies that are soaring higher on a daily basis. It looks as if the central bankers around the world have put out the fire which they are ultimately responsible for starting. As it seems, money printing has saved the day again, or has it?

Many economists are now euphoric and believe that we have now entered the next growth phase of the economy. History tells us when this euphoric chatter by economists happens it could be a warning sign of things to come, and it is usually not good things. Two economies that could be in trouble again are Spain, and Italy. Recently, the FTSE MIB Index (Italy), and the IBEX 35 Index (Spain) have begun to rollover, while the rest of the global stock indexes continue to make new highs on a daily basis. The Italian and Spanish markets can be tracked by following the iShares MSCI Italy Index Fund (NYSEARCA:EWI), and the iShares MSCI Spain Index Fund (NYSEARCA:EWP). Remember, these two economies are much bigger than Greece so this could be a potential bearish catalyst for the major stock indexes around the world. After all, how much bond buying can the central banks do before the world markets says "enough already."

Germany and France are considered the strong horses in the European Union. If the CAC 40 Index (France) starts to rollover the problems in the European Union could snowball from there. Movie stars and former politicians seem to be fleeing France at an alarming rate. This defection by several prominent French people is most likely due to the 75.0 percent tax rate on people earning over 1,000,000 Euro. Who in their right mind would stay in place like that? There is simply no incentive to make money and this will most likely destroy innovation. Traders can trade and follow the French market by using the iShares MSCI France Index Fund (NYSEARCA:EWQ).

Germany is probably the closest thing to a solvent nation in the Euro-zone. This index can be tracked and traded by following the iShares MSCI Germany Index Fund (NYSEARCA:EWG). If this index stages a sharp decline, it is telling us that problems are on the horizon for the European Union. Traders better keep a close eye on the European Union again. The trading action in the Spanish and Italian stock markets are just a few clues that this volcano is about to erupt again.

Nick Santiago
www.InTheMoneyStocks.com



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Research In Mo... I Mean Blackberry Target Level

February 03, 2013 – Comments (0) | RELATED TICKERS: BBRY

BlackBerry (NASDAQ:RIMM) is headed lower regardless of debuting a commercial during the Superbowl. The charts may see a near term small bounce but the technical signals point down. In recent months this stock has seen a dramatic run from $6.22 to a 52 week high of $18.32. This 200% move was too much too fast. What you are viewing in the charts now is a simple retrace. The retrace will be approx .618 Fib retrace. In addition to the retrace, there is a major pivot and the daily 200 moving average at this level.

The key level on Blackberry, formally known as Research In Motion is $10.35.
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GOOG Soars To Double Top

February 03, 2013 – Comments (0) | RELATED TICKERS: GOOGL

On Friday, February 1st, 2013, Google Inc (NASDAQ:GOOG) soared $19.91 to close at $775.60. This move took Google all the way to its double top from 2012. Note the chart below.

This will be short term resistance. However, based on the strength in the market and in the stock, itwould be likely to see it head higher. The next major resistance level is $807.00 then $850.00.  [more]

Recs

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DJIA 14,000 On Tap

February 01, 2013 – Comments (0)

Last week, the S&P 500 Index reached and breached the psychological 1500.00 level. Today, the Dow Jones Industrial Average (DJIA) is trading higher into the important 14,000.00 level. The DJIA is the level that the public will follow most closely. Remember, the average person that works a nine to five job will turn on the evening news and hear what the stock market is doing in terms of the DJIA. If you ask most people in the public what the Russell 2000 Index is they will most likely not have a clue what it is.

This coming Sunday is the National Football League's Superbowl Sunday. This day has almost become a national holiday in the United States. What better way to get people to spend money than to have the DJIA close at or above the 14,000 level by the end of the trading session. It is important to note, if this entire money printing stimulus by the central banks is going to work for a while it will need the U.S. consumer to spend money. Consumer spending accounts for roughly 70.0 percent of the gross domestic product in the United States.

Right now, the stock markets seem to be somewhat euphoric. Bad economic news is now good news and good news is now great news. The major stock indexes are all overbought at this time, however that does not mean that they cannot climb higher. Usually, when public gets back involved in stocks it is when a major correction will take place. After all, the large financial institutions need to have someone to sell to.

Some leading index funds that are rallying higher today include the ProShares Ultra S&P500 (ETF) (NYSEARCA:SSO), ProShares Ultra QQQ (ETF) (NYSEARCA:QLD), ProShares Ultra Russell2000 (ETF) (NYSEARCA:UWM), and the ProShares Ultra Dow30 (ETF) (NYSEARCA:DDM). Watch for Dow Jones Industrial Average to reach that psychological 14,000 level by the closing bell. The last time the DJIA traded this high was in late 2007.
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