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March 2012

Recs

1

Is The Foundation Cracking In The Home-builder Stocks?

March 30, 2012 – Comments (0) | RELATED TICKERS: TOL , LEN , DHI

This morning, most of the leading home-builder stocks are coming under early selling pressure. This important stock sector has surged higher since the October 4, 2011 stock market low. Toll Brothers Inc (NYSE:TOL) is one the most followed and traded home-builders that any trader or investor can track. This stock caters to the more affluent consumer as it builds high end homes. Today, TOL stock is trading lower by 0.47 cents to $24.13 a share. Short term traders can watch for intra-day support around the $23.81 and $23.60 levels. The daily chart of TOL is still holding up fine at this time, however, the stock is overbought in the near term and due for a pullback.

Some leading home-builder stocks that are also declining today include Lennar Corp (NYSE:LEN), KB Home (NYSE:KBH), and DR Horton Inc (NYSE:DHI). These stocks are all overbought on the daily charts and a pullback is likely in the near term.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Keys: Apple And JPMorgan Start To Break Down

March 29, 2012 – Comments (0) | RELATED TICKERS: AAPL , JPM

The market has had one of its biggest non stop rallies in history. This quarter is the best first quarter of any year since 1998. The reasons for the markets success rely purely on the performance of two key stocks, Apple Inc. (NASDAQ:AAPL) and JPMorgan Chase & Co. (NYSE:JPM). Even yesterday, the markets trimmed their losses as both stocks turned early negatives into positive gains.

Today, both stocks are beginning to collapse. For the first time in months they are showing weakness together. While still early, these will be the key to any true sell in the markets.

Gareth Soloway
InTheMoneyStocks.com
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Recs

1

Retail Stocks Feel The Heat

March 29, 2012 – Comments (2) | RELATED TICKERS: RTH , TJX , BIG

The leading retail sector has been surprisingly strong despite the high price of gasoline in the United States. The Market Vectors Retail ETF (NYSEARCA:RTH) is finally declining this morning. The important and highly followed RTH is trading lower by 0.34 cents to $41.74 a share. Short term traders should watch for intra-day support around the $41.40, and $40.75 levels. The daily chart of the RTH remains in an uptrend as price is still trading above the 50, and 200 moving averages.

Some leading retail stocks that are coming under early selling pressure include Best Buy Inc (NYSE:BBY), Big Lots Inc (NYSE:BIG), TJX Cos Inc (NYSE:TJX), and Target Corp (NYSE:TGT). Most retail stocks remain strong, however, there are a few leading stocks in the sector which are beginning to break down. Overall, the RTH is still technically strong on the charts.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Steel Could Continue To Melt

March 29, 2012 – Comments (0) | RELATED TICKERS: X , NUE , AKS

This morning, most of the leading steel stocks are trading slightly lower on the session. The important steel sector has been declining since March 19, 2012. The sector still looks as if it can have further downside in the near term before any meaningful bounce can take place. The leading steel stock that most traders follow is U.S. Steel Corp (NYSE:X). Today, the stock is trading lower by 0.41 cents to $28.42 a share. This stock will have some daily chart support around the $27.50, and $26.00 levels. Short term traders can watch for intra-day support around the $28.00, and $27.50 levels.

Some leading steel stocks that are coming under selling pressure today include Nucor Corp (NYSE:NUE), Steel Dynamics Inc (NYSE:STLD), and AK steel Holdings Corp (NYSE:AKS). All of these stocks could have further downside in the near term according to pattern on the daily charts at this time.

Nicholas Santiago
IntheMoneyStocks.com

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Recs

0

Too Big To Fail Is Too Big To Fall

March 28, 2012 – Comments (0) | RELATED TICKERS: JPM , BAC , C

This afternoon, all of the large major bank stocks are holding up despite the sharp decline in the major stock indexes. Leading bank stocks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Bank of America Corp (NYSE:BAC), and Wells Fargo & Company (NYSE:WFC) are actually trading positive today by a few pennies. If these recent market leaders were trading lower on the session the major stock indexes would certainly be much worse today. The large financial stocks have now rallied higher since December 19, 2011.

The most important bank stock is JPMorgan Chase & Co. This stock should be closely followed by every trader and investor as it has lead the markets since 2009. If and when JPM stock starts to slide that is when this market could be under some real distribution. The stock is trading higher 0.11 cents to $46.00 a share. Short term traders should watch for intra-day resistance around the $46.10, and $46.30 levels.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Stocks Retreat As Bernanke Bullets Turn To Rubber

March 28, 2012 – Comments (0) | RELATED TICKERS: SPY , SCCO , X

The Bernanke Effect is wearing off. Monday, Federal Reserve Chief Ben Bernanke gave the markets a positive statement towards more quantitative easing. The markets roared sharply higher, making new 52 week highs. However, with the markets trading up 30% since the lows of late 2011 it was short lived. In addition, Ben Bernanke has done his best to use every gun in his arsenal to pump the markets based on nothing but added liquidity and hot air. His bullets no longer have a lasting effect. Early on, the markets were fooled and would rally for days. This latest rally lasted just one full day. The markets have almost negated the entire move higher from Monday. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.95, -1.18 (-0.84%).

The reason you can tell the market is up on hot air and Bernanke pumps is because of the metal and commodity related stocks. If there was true global demand, metal stocks would be soaring. However, stocks like Southern Copper Corporation (NYSE:SCCO) and United States Steel Corporation (NYSE:X) have been the poorest performers in this rally. Be wary of the governmental body or Federal Reserve who would fool the retail investor into thinking things were better than they truly are.

Gareth Soloway
InTheMoneyStocks.com

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Recs

0

The Falling Energy Sector Has Minor Effect On Indexes

March 28, 2012 – Comments (0) | RELATED TICKERS: XLE , SWN , DVN

The important energy sector has been declining lower since February 24, 2012. Traders can easily see how the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has rolled over since that time. The XLE is now trading below the important daily chart 50 moving average. This formation puts the XLE in a weak technical chart position. Traders can watch for some intra-day support around the $71.00, and $70.00 levels.

Some of the leading energy stocks that are declining lower today include Devon Energy Corporation (NYSE:DVN), Chevron Corporation (NYSE:CVX), and Southwestern Energy Company (NYSE:SWN) just to name a few. All of these stocks are approaching near term oversold conditions, therefore, small bounces could occur. It is still very important to remember that this entire sector is in a weak technical position on the charts at this time.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Agriculture Stocks Fail To Sprout Early

March 28, 2012 – Comments (0) | RELATED TICKERS: POT , CF , MOS

This morning, the leading agriculture stocks are coming under some early selling pressure. This important sector has been very range bound over the past three months. Potash Corp./Saskatchewan (USA (NYSE:POT) is considered one the best stocks in the sector. Today, the stock is declining lower 0.53 cents to to 45.94 a share. Short term traders should watch for intra-day support around the $45.60 and $45.00 levels.

Some other leading agricultural stocks that are coming under early selling pressure include CF Industries Holdings, Inc.(NYSE:CF), Mosaic Co (NYSE:MOS), and Monsanto Company (NYSE:MON). All of these stocks remain range bound on the daily charts at this time.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Agriculture Stocks Fail To Sprout Early

March 28, 2012 – Comments (0) | RELATED TICKERS: POT , CF , MOS

This morning, the leading agriculture stocks are coming under some early selling pressure. This important sector has been very range bound over the past three months. Potash Corp./Saskatchewan (USA (NYSE:POT) is considered one the best stocks in the sector. Today, the stock is declining lower 0.53 cents to to 45.94 a share. Short term traders should watch for intra-day support around the $45.60 and $45.00 levels.

Some other leading agricultural stocks that are coming under early selling pressure include CF Industries Holdings, Inc.(NYSE:CF), Mosaic Co (NYSE:MOS), and Monsanto Company (NYSE:MON). All of these stocks remain range bound on the daily charts at this time.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Gold Mining Stocks Continue To Sink

March 27, 2012 – Comments (0) | RELATED TICKERS: GDX , AUY , NEM

The leading gold mining stocks have been declining lower since February 29, 2011. At that time, the Market Vectors Gold Miners ETF (NYSEARCA:GDX) was trading as high as $57.91 a share. This afternoon, the popular GDX is trading lower by 0.73 cents to $49.90 a share. This leading gold mining ETF is now trading below the important 50, and 200 moving averages. This current chart formation puts the GDX in a weak technical chart position. Short term traders can watch for intra-day support around the $49.70, and $49.40 levels.

Some leading gold mining stocks that are coming under some selling pressure today include Newmont Mining Corp (NYSE:NEM), Yamana Gold Inc (NYSE:AUY), and Goldcorp Inc (NYSE:GG). All of these stocks remain weak on the daily charts at this time and look very similar to the GDX.

Nicholas Santiago
InTheMoneyStocks.com  [more]

Recs

1

Markets Float After Bernanke Pump Rally

March 27, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL , AMZN

The markets are floating flat on the trading day. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $141.53, -0.08 (-0.06%). Yesterday, Ben Bernanke pumped the markets with talk of more QE (quantitative easing). This sent the QE addicted markets shooting higher like a junkie excited about a fix.

Apple Inc. (NASDAQ:AAPL) hit a new all time high today of $614.91. This is one of the stronger players in the market today, along with Amazon.com, Inc. (NASDAQ:AMZN). These two stocks are helping the NASDAQ maintain a positive day while the Dow Jones Industrial Average and S&P 500 are flat to slightly negative.

Volume has remained insanely light ever since 2012 began. This is one warning sign that should bother most investors. If things were so great, volume would be higher as institutions buy stocks heavily. In addition, this current quarter is the best performer since 1998, just prior to the technology bubble collapse. Lastly, pay attention to metal stocks. They have fallen sharply of late while the rest of the market continues to hit new highs. The metal stocks are a direct gauge of the global economy. The fact that they are not rallying tells intelligent traders that the upside is Federal Reserve based and not fundamental.

Gareth Soloway
InTheMoneyStocks.com
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Recs

0

Markets Float After Bernanke Pump Rally

March 27, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL , AMZN

The markets are floating flat on the trading day. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $141.53, -0.08 (-0.06%). Yesterday, Ben Bernanke pumped the markets with talk of more QE (quantitative easing). This sent the QE addicted markets shooting higher like a junkie excited about a fix.

Apple Inc. (NASDAQ:AAPL) hit a new all time high today of $614.91. This is one of the stronger players in the market today, along with Amazon.com, Inc. (NASDAQ:AMZN). These two stocks are helping the NASDAQ maintain a positive day while the Dow Jones Industrial Average and S&P 500 are flat to slightly negative.

Volume has remained insanely light ever since 2012 began. This is one warning sign that should bother most investors. If things were so great, volume would be higher as institutions buy stocks heavily. In addition, this current quarter is the best performer since 1998, just prior to the technology bubble collapse. Lastly, pay attention to metal stocks. They have fallen sharply of late while the rest of the market continues to hit new highs. The metal stocks are a direct gauge of the global economy. The fact that they are not rallying tells intelligent traders that the upside is Federal Reserve based and not fundamental.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Oil Service Stocks Are Still Struggling

March 27, 2012 – Comments (0) | RELATED TICKERS: OIH , HAL , BHI

This morning, the leading oil service stocks are still trading lower despite the recent stock market rally. The Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.56 cents to $41.22 a share. The OIH should have short term intra-day support around the $41.00, and $40.50 levels.

Some leading oil service stocks that are declining lower today include Schlumberger Ltd (NYSE:SLB), Halliburton Co (NYSE:HAL), and Baker Hughes Inc (NYSE:BHI). All of these stocks are now short term oversold on the daily charts, therefore, a bounce in the near term is still possible. These stocks all remain in a weak technical position by trading below the important daily chart 50, and 200 moving averages.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Transports Continue To Give Mixed Signals

March 27, 2012 – Comments (0) | RELATED TICKERS: IYT , FDX , UAL

The Dow Jones Transportation ETF (NYSEARCA:IYT) is one of the most important charts that any trader can follow. Many investors believe that the transportation index should lead or confirm the Dow Jones Industrial Average in order for the markets to continue to climb. Lately, the IYT has pulled back from it recent high made on March 19, 2012 at $96.22. This leading ETF is still trading above its daily chart 50 moving average which puts the ETF in a position of strength. On the flip side, the IYT has not made new highs with the Dow Jones Industrial Average. Short term traders should watch for intra-day support on the IYT around the $93.60, and $93.15 levels.

Some leading transportation stocks that are trading lower include FedEx Corp (NYSE:FDX), Union Pacific Corp (NYSE:UNP), and Norfolk Southern Corp (NYSE:NSC). All of these leading transportation stocks remain in a trading range on the daily charts. This tells us that the transportation sector is giving us mixed signals at this time.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

2

Gold Is Still The Best Indicator Of Inflation

March 26, 2012 – Comments (1) | RELATED TICKERS: GLD , SLV , DIA

This afternoon, spot gold is surging higher by $27.00 to $1689.00 an ounce. The precious metal took off to the upside after the Ben Bernanke speech this morning which stated that the Federal Reserve would continue with further accommodating policies. Gold is one of the best indicators that inflation is being created. The SPDR Gold Trust (NYSEARCA:GLD) is trading higher by $2.84 to $164.37 a share. Investors can also easily see the major stock indexes are surging higher today as everything inflates higher. The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is climbing by more than 1.00 percent on the session.

Silver is also catching a sharp bid higher today. The iShares Silver Trust (ETF) (NYSEARCA:SLV) is trading higher by 0.73 cents to $31.96 a share. The SLV is often a cheaper way for investors to play the gold trade. All traders and investors should continue to watch and follow the price in the U.S. Dollar. As the U.S. Dollar declines the precious metals will generally inflate and trade higher.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Diminishing Returns: Bernanke Juices The Markets

March 26, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

The U.S. markets awoke on Monday morning to find Federal Reserve Chairman Ben Bernanke giving a speech on the economy. Any speech where he leaves the possibility of more QE (quantitative easing) on the table helps the markets jump. Today was no different. The futures took off as he spoke, surging off of the worst week in the markets since December 2011. This was a classic chess move to help the markets survive and stay afloat. While off the highs, the SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.96, +1.27 (+0.91%).

At every turn, Ben Bernanke refuses to take more QE off the table, regardless of the economic strength. Investors continue to believe he will juice the markets like a addict with drugs. However, the duration of each market pop is getting shorter and shorter. In other words, there is a diminishing return to the word of Bernanke.

Ben Bernanke has shown he will go the extra mile to help the stock market go higher. While it ultimately will end in a bubble collapse, he shows no fear. Based on the move today, smart traders are watching to see if this move higher in the SPY will take out the 52 week high at $141.28. In addition, can it last longer than one day. These will be keys to understanding the sustainability of the rally.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

1

If You Control The Dollar You Control The World

March 26, 2012 – Comments (0) | RELATED TICKERS: JPM , BLK , GS

This morning, the U.S. Dollar Index topped out around 4:30 am EST. This was the same exact time that the S&P 500 Index e-mini futures (ES-M2) bottomed out. Traders can easily see how these two indexes continue to trade inverse to each other. When the U.S. Dollar is devalued it will inflate asset prices around the world. Traders can see how the large bank stocks are surging higher today. As long as this sector remains strong the major stock market indexes can trade higher. Leading financial stocks such as J.P. Morgan Chase & Co (NYSE:JPM), Goldman Sachs Corp (NYSE:GS), and BlackRock Inc (NYSE:BLK) are all climbing higher on the session. Should these leading financial stocks reverse or turn lower then there could be problems in the market. Until that time, the markets remain in rally mode.

Traders should keep a close eye on the U.S. Dollar Index. The PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is another way that traders can follow the U.S. Dollar intra-day. Remember, if you control the dollar you can control the world.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

2

Base Metal Stocks React Poorly To The Bernake

March 26, 2012 – Comments (0) | RELATED TICKERS: FCX , CLF , SCCO

This morning, all of the leading base metal stocks are fading from their gap higher open. Around 8:00 am EST, the Federal Reserve Chairman Ben Bernanke stated that he would consider more accommodating policies for the U.S. economy in order to stimulate job growth. This statement crushed the U.S. Dollar Index futures (DX-M2) and spiked the stock markets higher. At the start of the day, leading commodity and base metal stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), and Cliffs Natural Resources Inc (NYSE:CLF) where sharply higher. These stocks and others have now faded from their high made at the open. Should these leading stocks go negative it will be a negative sign for the major stock market indexes.

It should be noted that the Federal Reserve Bank has kept the Fed funds rate at zero percent since December 2008. The central bank has also implemented two rounds of quantitative easing since that time. They are currently in the middle of another program called Operation Twist, this is where the central bank will buy the long end U.S. Treasury bonds in order to keep bond yields artificially low. Low yields will usually help the mortgage markets. Unfortunately, a weak U.S. Dollar Index and low yields will create inflation and make goods that people need more expensive.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Base Metal Stocks React Poorly To The Bernake

March 26, 2012 – Comments (0) | RELATED TICKERS: FCX , CLF , SCCO

This morning, all of the leading base metal stocks are fading from their gap higher open. Around 8:00 am EST, the Federal Reserve Chairman Ben Bernanke stated that he would consider more accommodating policies for the U.S. economy in order to stimulate job growth. This statement crushed the U.S. Dollar Index futures (DX-M2) and spiked the stock markets higher. At the start of the day, leading commodity and base metal stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), and Cliffs Natural Resources Inc (NYSE:CLF) where sharply higher. These stocks and others have now faded from their high made at the open. Should these leading stocks go negative it will be a negative sign for the major stock market indexes.

It should be noted that the Federal Reserve Bank has kept the Fed funds rate at zero percent since December 2008. The central bank has also implemented two rounds of quantitative easing since that time. They are currently in the middle of another program called Operation Twist, this is where the central bank will buy the long end U.S. Treasury bonds in order to keep bond yields artificially low. Low yields will usually help the mortgage markets. Unfortunately, a weak U.S. Dollar Index and low yields will create inflation and make goods that people need more expensive.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Two Retail Stocks Not Yet Hurt By High Gasoline

March 26, 2012 – Comments (0) | RELATED TICKERS: COST , BBBY

High gasoline prices will usually hurt most leading retail stocks eventually. Gasoline prices just reached a new three year high on March 23, 2012. High gasoline prices are considered a direct tax on the U.S. consumer. Most investors know that consumer spending accounts for roughly 70.0 percent of the gross domestic product in the United States. The important retail sector has remained very strong. Since December 2011, the important Market Vectors Retail Holders Trust (NYSE:RTH) has traded higher with the price of gasoline. In this week's report, we shall examine two leading retail stocks which continue to remain exceptionally strong at this time.

Costco Wholesale Corp (NASDAQ:COST) is one of the leading membership based warehouses that offer branded and private label merchandise in the United States along with various countries around the world. COST stock closed at $90.27 a share last week. The current price is just below its 52 week high of $91.60. The stock is in a confirmed uptrend, trading above the important 50 and 200 moving averages. Traders should watch for important daily chart resistance around the $94.00, and $99.00 area. Should the stock pullback from current levels there should be daily chart support around the $88.30, $86.30, and $85.00 levels. Place these levels on your charts and trade them accordingly.
 


Bed Bath & Beyond Inc (NASDAQ:BBBY) is another leading retail stock that focuses on home furnishing. This stock has soared higher since August 2011 when the stock was trading as low as $48.75 a share. This stock has definitely benefited from a surge in housing and mortgage refinancing, caused by the low interest rate policy in the United States. Traders can watch for near term resistance around the $66.50, and $69.50, and $74.00 levels. Should the stock pullback from its current price traders should watch for near term support around the $63.25, $61.00, and $59.00 levels.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Three Stocks Now Control The Entire Market

March 23, 2012 – Comments (0) | RELATED TICKERS: CVX , XOM , GS

As you all know, the trading volume has been very light since late December 2011. Light trading volume will generally favor the upside action in the stock market. For years now, the volume has been extremely light when the market indexes trade higher. The heavy volume comes when the selling begins. Everyone should remember the old market adage that states, never short a dull market (light volume). In this light volume trading environment there are three stocks that are controlling the entire stock market. These stocks are J.P. Morgan Chase & Co (NYSE:JPM), Apple Inc (NASDAQ:AAPL), and Exxon Mobil Corp (NYSE:XOM). Sure, there are other important market leaders such as Goldman Sachs Group Inc (NYSE:GS), Amazon.com Inc (NASDAQ:AMZN), and Google Inc (NASDAQ:GOOG), however, they are not carrying the same weight as the first three stocks mentioned.

J.P. Morgan Chase & Co (NYSE:JPM) is the leading financial stock at this time. This company was the first financial stock that announced an increase in its dividend. Every analyst in the market is giddy over this stock right now. Just follow this stock for a while and you will see how the major stock indexes follow it around like a dog chasing its tail.

Apple Inc (NASDAQ:AAPL) is now the most loved stock in the world. This stock now has the largest market capitalization in the entire stock universe at $557 billion. The euphoria surrounding AAPL stock is still very well intact at this time. The stock also dominates the action in the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ). It is also a major weighting in the S&P 500 Index with such a large market cap. As long as Apple Inc holds up it will keep the major stock indexes from falling.

Exxon Mobil Corp (NYSE:XOM) is the largest integrated oil company in the world. This stock's market capitalization is now second to Apple Inc. The stock has held up very well as of late despite the sell off in many other leading oil stocks such as Chevron Corp (NYSE:CVX). Exxon carries a lot of weight in the Dow Jones Industrial Average, and the S&P 500 Index. If you keep Exxon Mobil steady you can keep a large part of the market steady. Every trader and investor should keep an eye on this stock.

Traders must follow these three stocks very closely. If these three market leaders start to break down the major stock indexes will follow. At this time, these three stocks have held up very well. In such a light volume environment all the large institutions have to do is simply support these three stocks and the major stock market indexes can hold up fine. As long as the U.S. Dollar Index drops intra-day; which it will usually do, the major stock indexes will simply float higher on a continued basis.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Gasoline Alert

March 23, 2012 – Comments (0) | RELATED TICKERS: UGA , USO , OIL

This morning, the United States Gasoline Fund (NYSEARCA:UGA) is once again trading higher. The UGA is climbing by 0.97 cents to $58.09 a share. The move today in the UGA puts it at a new three year high. Gasoline prices at the pump have steadily increased since late December 2011. The average price of regular unleaded gasoline in the United States is now $3.89 a gallon. Many parts of the country are paying much higher prices, California residents are paying $4.51 a gallon on average. High gasoline prices are a direct tax on the U.S. consumer. Everyone should remember that U.S. consumer spending accounts for 70.0 percent of the gross domestic product (GDP) in the United States.

The popular United States Oil Fund LP (ETF) (NYSEARCA:USO) is trading higher by 0.48 cents to $40.65 a share. This daily chart is still very strong by trading above the important 50 and 200 moving averages. The other popular trading vehicle for oil is the iPath S&P GSCI Crude Oil Total Return (NYSEARCA:OIL). The OIL is trading higher by 0.38 cents to $26.92 a share. Higher oil prices will affect the global economy sooner or later.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

2

Market Analysis: Buy The Dip Trying, But Weaker

March 22, 2012 – Comments (0) | RELATED TICKERS: SPY , IBM , AAPL

After a substantial morning sell off, the markets are trying to bounce back. This is the classic buy the dip mentality that still prevails in this market. This shows us there is still retail money clamoring to buy as the institutions distribute. Overnight, China PMI data hit the futures hard. With Europe still a mess and China slowing drastically, the outlook for the U.S. economy is getting clouded. Institutions understand this and are selling slowly as the retail investor is buying. Retail, amateurs always buy the tops and sell the bottoms.  The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.23, -0.93 (-0.66%). While still lower, the SPY had been down to $138.75. This is a $0.50 bounce from the lows, all since 11am ET.

Many of the large cap staple stocks are seeing gains today while the commodities plays are falling. International Business Machines Corp. (NYSE:IBM), Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) are all higher on the day.

While the top in this market is clearly being formed, the bullish sentiment is so strong that the dips are still being bought. However, the emotional nature has shifted and the buying will wane.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

The Dollar Dips Again After The Opening Bell

March 21, 2012 – Comments (0) | RELATED TICKERS: IAU , UGA , USO

Nearly every trading session when the U.S. Dollar Index futures (DX-M2) are stronger before the opening bell at the New York Stock Exchange (NYSE) they will sell off after the open. Yesterday, and today are perfect examples of this phenomenon. Obviously, we should all know by now that a weaker dollar will ultimately help to inflate the stock markets higher. The extremely light trading volume is usually bullish for the stock markets as there are simply no sellers in the marketplace. When you combine light volume with a falling U.S. Dollar it will usually create a perfect elixir for higher stock prices.

Precious metals are usually the first equities to react positive to a falling U.S. Dollar Index. This morning, the SPDR Gold Trust (ETF) (NYSEARCA:GLD), iShares Silver Trust (ETF)(NYSEARCA:SLV), and the iShares Gold Trust(ETF) (NYSEARCA:IAU) have all turned positive as the U.S. Dollar declines. The energy, and commodity sectors will usually catch a bid as well if the greenback declines. The United States Gasoline Fund (NYSEARCA:UGA), and the United States Oil Fund (NYSEARCA:USO) have also turned positive on the dollar sell off.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Oil Services Get Drilled

March 21, 2012 – Comments (0) | RELATED TICKERS: OIH , SLB , HAL

The highly popular and important oil services stocks have been weak relative the major stock indexes since late February 2012. This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.97 cents to $42.02 a share. It is important to note that the OIH is now trading below the daily chart 50, and 200 moving averages. This chart position puts this sector in a weak technical formation on the charts at this time. Short term traders can watch for intra-day support around the $41.30 area.

Some leading oil services stocks that are declining lower this morning include Halliburton Co (NYSE:HAL), Schlumberger Ltd (NYSE:SLB), and Baker Hughes Inc (NYSE:BHI). All of these stocks are trading very much in tandem with the OIH at this time.

NIcholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Airline Stocks Take Off As Oil Drops

March 20, 2012 – Comments (1) | RELATED TICKERS: FAA.DL , UAL , DAL

This afternoon, most of the leading airline stocks are catching a bid higher as the price of crude declines. The current chart pattern on many of the popular airline stocks still signals further declines despite today's bounce. Should oil begin to decline further over the next few weeks that could help the airline sector, however, that is unlikely with the current problems in the Middle East. The Claymore/NYSE Arca Airline ETF (NYSEARCA:FAA) is trading higher by 0.12 cents to $28.98 a share. Until this ETF can trade above the $30.00 level it could be consolidating to trade lower soon.  [more]

Recs

0

Airline Stocks Take Off As Oil Drops

March 20, 2012 – Comments (0) | RELATED TICKERS: FAA.DL , UAL , DAL

This afternoon, most of the leading airline stocks are catching a bid higher as the price of crude declines. The current chart pattern on many of the popular airline stocks still signals further declines despite today's bounce. Should oil begin to decline further over the next few weeks that could help the airline sector, however, that is unlikely with the current problems in the Middle East. The Claymore/NYSE Arca Airline ETF (NYSEARCA:FAA) is trading higher by 0.12 cents to $28.98 a share. Until this ETF can trade above the $30.00 level it could be consolidating to trade lower soon.

Some leading airline stocks that are rallying higher this afternoon include Delta Air Lines Inc (NYSE:DAL), United Continental Holdings Inc (NYSE:UAL), and U.S. Airways Group Inc (NYSE:LCC). This sector will generally trade inverse to oil, therefore, oil prices should be watched closely. Today, light sweet crude finished lower by $2.48 to $105.61 a barrel.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Understanding Market Emotion As China Fear Jumps

March 20, 2012 – Comments (3) | RELATED TICKERS: SPY , AAPL

The markets are trading lower today after worries on the Chinese economy surfaced once again. A Chinese slowdown has been long talked about but has had little effect on the massive rally in U.S. equities. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.00, -0.88 (-0.62%).

What is the reason for this shift in market action? Why does talk of a slowdown in China mean something while the last ten times it had no effect on the markets?

Simply put, human bullish emotion has reached a top. Think of the ocean and the tides coming in and going out. As emotion sways one way, it will ultimately reach its peak and slowly start to shift the other way. This is the motion of emotion. Based on the effect of the China news today, this shift has started.

The slight shift in market mentality can be seen in Apple Inc. (NASDAQ:AAPL). Over the last week, AAPL shares have had a tough time breaking through the $600 level. Today the stock is trading at $597.29, -3.81 (-0.63%).

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Three Reasons Why The World Should Fear A China Slowdown

March 20, 2012 – Comments (0) | RELATED TICKERS: YUM , WYNN , GM

So many talking heads in the financial media continue to say that they do not care about the Chinese economy. They continue to pound the table that as long as the U.S. market inflates who cares about what happens to China. Well, every investor should be concerned about a China slowdown; I'll cover the top three the reasons why.

First, the Chinese economy has led the global stock markets higher since 2008. Traders and investors should know that the Shanghai Index bottomed out in late 2008, meanwhile, the U.S. market indexes did not bottom out until March 2009. The Chinese economy leads the U.S. and the rest of the global markets since that time.

The second reason that investors should fear a Chinese slowdown is because many companies are doing a lot of business in that part of the world. Companies such as General Motors Co (NYSE:GM), Yum Brands Inc (NYSE:YUM), Wynn Resorts Ltd (NASDAQ:WYNN), and even the mighty Apple Inc (NASDAQ:AAPL) do a lot of business in China. If the Chinese economy really slows down it will hurt all of these corporate profits in the future. Remember the stock market cares about the future not the present. Investors can easily see how the base metal stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), and Rio Tinto plc (NYSE:RIO) have traded recently compared to the major stock indexes in the United States. This is due to a weaker Chinese economy.

The third reason why a Chinese economic slowdown will affect the global stock markets is due to a lack of investment abroad. Just think about it, it was not that long ago that the International Monetary Fund, the European Central Bank (ECB), and the even French leader Nicolas Sarkozy begged China to help with a European bailout. At that time, the leaders of the world acted as if China could bail out the entire Euro-zone. Now, these same leaders act as if China no longer matters to the global economy.

Here is the bottom line, if the Chinese economy significantly slows down it will affect the world. If the Chinese no longer continue to invest abroad the world economy will feel it. What will happen to the United States if the Chinese stop buying U.S. Treasuries? Better yet, what will happen to the United States economy if the Chinese actually begin to sell bonds? The U.S. will have to pay a much higher debt service as yields rise. All eyes should be on China over the next few months as this could be the bigger problem for the global economy.

Nicholas Santiago
IntheMoneyStocks.com

  [more]

Recs

0

Coal Stocks Cannot Heat Up

March 20, 2012 – Comments (0) | RELATED TICKERS: KOL , BTU , ANR

All of the leading coal stocks have been trending lower since late October 2011. Traders and investors are once again witnessing the coal sector decline lower today. The Market Vectors Coal ETF (NYSEARCA:KOL) is trading lower by 0.99 cents to $32.87 a share. Short term traders That follow the KOL should watch for intra-day support around the $32.00 level.

Some of the leading coal stocks that are trading lower today include Peabody Energy Corp (NYSE:BTU), Alpha Natural Resources Inc (NYSE:ANR), and Arch Coal Inc (NYSE:ACI). All of these stocks are in confirmed downtrends at this time. This technical chart position makes these stocks vulnerable to further declines.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Financial Stocks Must Be Watched Closely

March 19, 2012 – Comments (0) | RELATED TICKERS: JPM , BAC , C

Everyone in the financial media is raving over the higher interest rates in the bond market. Most talking heads on the cable news channels are talking about how the steeper yield curve is beneficial for the large bank stocks. There is a case that the large bank stocks can charge higher interest on their loans and make more money. Do banks make many loans these days. It seems that the large banks are still very content hoarding cash as they continue to borrow money from the Federal Reserve at zero percent. It has been this way since December 2008, so when you think about it, the large banks should have done well for the past three years.

J.P. Morgan Chase & Co (NYSE:JPM) is considered the strongest and the best bank stock in the United States. This stock is basically the most important stock that any trader can follow. Recently, this stock broke out of a short four week base when the stock was trading around $38.00 a share. This afternoon, JPM stock is trading higher by $0.45 cents to $45.02 a share. The stock is now trading into overbought territory on the daily chart. Traders should not rule out further upside in the near term for JPM stock as overbought conditions can continue for a while, however, anytime a stock gets this overbought it is usually moving higher on borrowed time.

Other financial stocks that are now short term overbought include Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), and Wells Fargo & Co (NYSE:WFC). Traders should watch for high volume reversal days as a sign that these stocks are likely to correct or stage a significant pullback.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

This Is Your Municipal Bond, ETF Trade

March 19, 2012 – Comments (0) | RELATED TICKERS: MUB , PZA , TF

In this Weekly Market Report we shall examine the highly controversial municipal bond fund market through a popular  ETF. Municipal bonds have been highly debated among the so called experts as to whether or not these vehicles are safe investments for the future. As a technical trader, knowing where these ETF's will have support and resistance that can be traded either long or short is our goal. Traders and investors that want to know more about these ETF's should simply read over a prospectus of each fund in order to find out exactly what makes up these trading vehicles.

The iShares S&P National AMT-Free Municipal Bond Fund ETF (NYSEARCA:MUB) is the most popular mini-bond ETF around at this time. The current yield on the MUB is 3.24 percent which is pretty good these days. The MUB topped out on February 14, 2012 at $113.98 a share. Since that time, the MUB has come under some selling pressure trading as low as $107.25 a share last week. Traders should watch for short term support around last week's low. Should that level fail to hold up as support the next important support will be around the $105.00, $102.75, and $100.00 levels. Should the MUB increase in price from its current level, traders should watch for near term resistance around the $109.80, $110.60, and $111.39 levels. The MUB is currently trading below the daily chart 50, and 200 moving averages. Although the MUB is short term oversold this chart formation puts the ETF in a weak technical position at this time.

Some other mini-bond ETF's that are gaining in popularity include PowerShares Insured National Municiple Bond ETF (NYSEARCA:PZA), SPDR Nuveen Barclays Capital Municpl Bond (NYSEARCA:TFI), and the Market Vectors Long Municipal Index ETF (NYSEARCA:MLN). All of these muni-bond ETF's have a very similar chart pattern at this time. They are all short term oversold, however, they remain in a weak technical formation on the charts.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Apple Stalls At $600, Hype Builds To Epic Level

March 15, 2012 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) opened higher today, hitting $600.01. No sooner did it tag the master $600 level, AAPL pulled back. The stock has jumped almost 50% since the start of the year. This has added 250 billion in market cap, making AAPL the biggest public company in the world. While analysts and the media continue to upgrade the stock to $700 price targets, this Chief Market Strategist can smell a skunk a mile away. While Apple is a great company, the hype has reached a euphoric level. I expect a 10% pull back in the next month minimally.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Retail Stocks Finally Pause

March 15, 2012 – Comments (0) | RELATED TICKERS: RTH , HD , TGT

The retail sector has been extremely strong since late December 2011. The Market Vectors Retail ETF (NYSEARCA:RTH) has surged higher by more than $4.00 since that time. This morning, the RTH is declining lower by just 0.08 cents to $41.23 a share. Short term traders should watch for intra-day support around the $41.00, and $40.50 levels. The uptrend on the daily chart remains intact for the RTH at this time.

Some leading retail stocks that are trading lower today include Home Depot Inc (NYSE:HD), Costco Wholesale Corp (NASDAQ:COST), and Target Corp (NYSE:TGT). All of these stocks still remain strong on the daily chart despite the small intra-day pullback.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Risk Is On As Precious Metals Collapse

March 14, 2012 – Comments (0) | RELATED TICKERS: UUP , GLD

The precious metals are taking another hard hit today as money is flowing out. Not only is the Dollar stronger but the risk on trade is all the rage. The PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading at $22.41, +0.11 (+0.49%). When traders and investors feel the economy is on the right path, there is no need to hold gold for safety. The recent collapse in the price of gold speaks to this. Today, the SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading at $159.63, -2.50 (-1.54%).

As Wall Street feels the markets are safe, smart traders are getting nervous. Usually, when so many bulls are feeding at the hype trough, it is time to go into cash or short. Time will tell but this trader is now eyeing the downside.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Markets Try To Roll, Apple Keeps Them Up

March 14, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL

The markets are attempting to roll over in into lunch. The SPDR S&P 500 ETF (NYSEARCA:SPY) hit a new 52 week high in the first hour of the trading day at $140.45. Since that point it has fallen nicely. The SPY is now trading at $139.93, -0.13 (-0.09%). While the markets are fractionally lower, they cannot fall further due to Apple Inc. (NASDAQ:AAPL).

Apple makes up a huge percentage of the overall market. As long as this stock is strong, the markets cannot have any significant rollover. Apple is currently trading at $581.88, +13.78 (+2.43%). Once Apple rolls over, this market will follow.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Base Metals Remain The Weak Link

March 14, 2012 – Comments (0) | RELATED TICKERS: JJC , FCX , RIO

This morning, all of the leading base metal stocks are declining lower. Leading stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Rio Tinto plc (NYSE:RIO), BHP Billiton Ltd (NYSE:BHP), and Tech Resources Ltd (NYSE:TCK) are all coming under early selling pressure. The catalyst for today's decline in the base metal stocks are certainly due to the poor performance in the Chinese markets last night. The highly important Shanghai Index (China) closed lower by 2.60 percent last night and that tells the world that a slowdown in Asia is very possible.

Copper is considered the most important industrial metal in the world. Today, the iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC) is trading lower by 0.61 cents to $49.53 a share. Short term traders should watch for intra-day support around the $49.30, $49.00, and $48.65 levels.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Markets Advance On Hopes Of Federal Reserve

March 13, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL

The markets are moving nicely higher ahead of the FOMC Policy Statement at 2:15pm ET. The SPDR S&P 500 ETF (NYSEARCA:SPY)  is trading at $138.83, +1.25 (+0.91%). All eyes and ears are waiting to see and hear if interest rates will truly remain low through 2014. In addition, the market continues to hold onto hope of further quantitative easing. Based on the action today, the markets are feeling lucky.

Apple Inc. (NASDAQ:AAPL) continues to soar, hitting new all time highs today. It is currently trading at $561.40, +9.40 (+1.70%). Apple has a major weighting in the S&P 500 and the NASDAQ 100. Therefore, the indexes will follow the stock closely.

The party continues across the markets. Europe has faded from the headlines and the United States economy seems to be returning to form thanks to the Federal Reserve and their print tons of money policy. While euphoria returns, smart traders are eyeing shorts.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Airline Stocks Are Having A Hard Landing

March 13, 2012 – Comments (0) | RELATED TICKERS: DAL , LCC , LUV

All of the leading airline stocks are once again suffering due to the high energy prices. Earlier today, Southwest Airlines Co (NYSE:LUV) warned that the company would not report a profit for the coming quarter. The company said that they simply could not overcome the high cost of fuel despite recent price increases in fares. LUV stock has dropped sharply since early February 2012 when it traded as high as $10.05 a share. This morning, LUV stock is trading lower by 0.01 cent to $8.27 a share.

Most other leading airline stocks are trading basically flat today. United Continental Holding Corp (NYSE:UAL), Delta Air Lines Inc (NYSE:DAL), and U.S. Airways Group Inc (NYSE:LCC) are all holding steady today. These stocks all seem to have a little more downside in the cards on the daily charts. Traders must continue to follow the price of energy as this will adversely effect the airline sector.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Gasoline Remains On Fire

March 13, 2012 – Comments (0) | RELATED TICKERS: UHN , USO , UGA

This morning, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by 0.08 cents to $57.19 a share. The UGA is just $1.00 shy of last weeks 52 week high of $58.16 a share. Short term traders should watch for intra-day resistance around the $57.50 area. Should the UGA pullback intra-day, the $56.80 level will be short term support. The UGA remains very strong on the daily chart at this time.

Investors must remember that high gasoline prices are a direct tax on the consumer. It is important to note that consumer spending accounts for about 70.0 percent of the gross domestic product (GDP) in United States. The average price of gasoline at the pump in the U.S. this week is $3.81 a gallon. The average price of gasoline in California is around $4.25 a gallon.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Chinese Internet Stocks Signal Trouble

March 12, 2012 – Comments (0) | RELATED TICKERS: BIDU , SOHU , SINA

This afternoon, many of the leading Chinese internet stocks are coming under some distribution. Last night, China reported some economic data that was below analysts expectations. This tells us that the world's hottest economy could be cooling off. Any slowdown in China could be problematic for the global economy.

Sina Corp (NASDAQ:SINA) is a leading Chinese internet stock that started the session very strong. The stock traded as high as $80.80 a share at the open. This afternoon, SINA is trading lower by $2.51 to $74.89 a share. This is a reversal of nearly $6.00 a share from the intra-day high. If the stock closes at this level it will have formed a bearish outside reversal day on the charts. The volume is also slightly higher than most of the past trading days and this tells us that the sell off has institutional conviction. The stock will have very good daily chart support around the $61.00 level. Short term traders can watch for intra-day support around the $73.00, and $70.66 levels.

Other leading Chinese internet stocks that are coming under intra-day selling pressure include Baidu Inc (NASDAQ:BIDU), Netease.com Inc (NASDAQ:NTES), and Sohu.com Inc (NASDAQ:SOHU). These leading Chinese internet stocks should be followed very closely over the next week or so. Further reversal days in the Chinese ADR's could be signal future problems ahead for the Chinese economy.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Oil Services Drip Lower

March 12, 2012 – Comments (0) | RELATED TICKERS: OIH , SLB , BHI

The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.71 cents to $42.39 a share. Short term traders should watch for intra-day support around the $42.18, $41.90, and $41.30 levels. The daily chart of the OIH will have support around the $40.75 area.

Some leading oil service stocks that are declining lower this morning include Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Schlumberger Ltd (NYSE:SLB). All of these charts remain in a weak position at this time and could have further downside in the near term.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

European Debt Crisis: Here Is The Trade

March 12, 2012 – Comments (0) | RELATED TICKERS: SAN , NBG , LYG

Many of the leading European banks are now diverging from the U.S. banks, this tells us that the European debt crisis is far from over. In this Weekly Market Report we will examine three leading European banks using daily charts. The stocks discussed in this report are all trading under the daily chart 200 moving average, which is a sign of weak relative strength for the European bank stocks. The opposite is true for the U.S. banks, as J.P. Morgan Chase & co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Wells Fargo & Co (NYSE:WFC) are all trading above the daily chart 50, and 200 moving averages, which is a sign of strength on the charts. 

Banco Santander SA (NYSE:STD) is a leading Spanish bank that operates throughout Europe, Latin America, and the United States. Last week, the stock closed at $8.05 a share which is 0.70 cents below its daily chart 200 moving average. It is also important to note that the stock is trading below its October 2011 high of $9.32 a share. The STD stock will have short term support around the $7.65, and $6.75 levels. Should the leading Spanish bank rally from current levels the stock will have daily chart resistance around the $8.77, and $9.50 levels. Take careful note of these levels, place them on your charts and trade them accordingly.
 



The National Bank of Greece SA (NYSE:NBG) is another leading European bank that looks terrible on the charts. Last week, NBG stock closed at $3.26 a share. NBG stock is also trading below the important daily chart 200 moving average. This pattern puts the stock in a week technical position on the charts. Traders and investors should watch for near term daily chart support around the $2.90, $2.50, and $1.70 levels. Should the stock trade higher and rally from its current price, their will be resistance around the $4.10, and $4.50 levels.


Lloyds banking Group plc (NYSE:LYG) is a leading bank based out of the United Kingdom. This stock closed at $2.12 on March 9, 2012. Believe it or not, this stock could be forming a base to actually trade higher in the future. Please note that the stock is still trading below the daily chart 200 moving average which signals poor relative strength when compared to the major stock indexes in the United States. LYG stock has very good support around the $1.80, and $1.40 levels. Should the stock rally from its current price there will be resistance around the $2.40, and $2.85 levels.
 

Nicholas Santaigo
InTheMoneyStocks.com  [more]

Recs

1

European Banks Diverge From U.S. Banks

March 09, 2012 – Comments (0) | RELATED TICKERS: EUFN , UBS , DB

This morning, most of the leading European banks are coming under some early selling pressure. Meanwhile, the leading financial stocks in the United States are trading higher on the day. Traders can easily look at a J.P. Morgan Chase & Co (NYSE:JPM) and see that the stock is now trading higher by 0.75 cents to $41.20 a share. This is a new eight month high for JPM. On the flip side, leading European stocks such as UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Credit Suisse Group (NYSE:CS) are all trading lower on the session. It is also important to note that all of the European banks are weaker on the daily charts as they remain below the October 2011 highs.

Traders that want to track the European financial stocks can follow the iShares MSCI Europe Financial Sector Index Fund (NASDAQ:EUFN). This morning, the EUFN is trading lower by 0.23 cents to $17.64 a share. The EUFN will have intra-day support around the $17.00 level.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Transports Struggle To Catch A Bid

March 09, 2012 – Comments (0) | RELATED TICKERS: IYT , FDX , UAL

This morning, the leading transportation stocks are having trouble catching a bid higher. A case can be made that the high price of crude will keep many of the transport stocks under pressure. The iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by 0.32 cents to $91.66 a share. Short term traders can watch for intra-day support around the $91.17, and $90.80 levels.

Some leading transportation stocks that are declining lower today include Union Pacific Corp (NYSE:UNP), Norfolk Southern Corp (NYSE:NSC), FedEx Corp (NYSE:FDX), and United Continental Holdings Corp (NYSE:UAL). All of these stocks are now trading below their daily chart 50 moving average which puts these stocks in a weak technical position.

Nicholas Santiago
IntTheMoneyStocks.com

  [more]

Recs

0

Retail Stocks Getting Scary

March 08, 2012 – Comments (1) | RELATED TICKERS: M , DDS

Retail remains extremely hot. As many retail stocks continue to make new 52 week highs, many investors wonder if it will ever stop. The answer is yes, and it may be sooner than later. Tomorrow, the Non Farm Payrolls Report will be released. This will show the world how many jobs were created in the last month. It is estimated that 200,000 were added. Should this number fall short, retail may suddenly get very weak.

Why?

If the jobs picture starts to cloud up and the Unemployment Rate stops falling, the public may not have as much disposable income as expected. In addition, should gas prices continue to rise, many Americans will start pulling back on their spending habits. As expenses rise, the first thing to go is retail merchandise such as the TV's and clothes.

In this Chief Market Strategists humble opinion, stocks like Macy's, Inc. (NYSE:M) and Dillard's, Inc. (NYSE:DDS), along with others, are near a sharp pullback. These stocks are over extended in the short term.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Retail Stocks Getting Scary

March 08, 2012 – Comments (0) | RELATED TICKERS: M , DDS

Retail remains extremely hot. As many retail stocks continue to make new 52 week highs, many investors wonder if it will ever stop. The answer is yes, and it may be sooner than later. Tomorrow, the Non Farm Payrolls Report will be released. This will show the world how many jobs were created in the last month. It is estimated that 200,000 were added. Should this number fall short, retail may suddenly get very weak.

Why?

If the jobs picture starts to cloud up and the Unemployment Rate stops falling, the public may not have as much disposable income as expected. In addition, should gas prices continue to rise, many Americans will start pulling back on their spending habits. As expenses rise, the first thing to go is retail merchandise such as the TV's and clothes.

In this Chief Market Strategists humble opinion, stocks like Macy's, Inc. (NYSE:M) and Dillard's, Inc. (NYSE:DDS), along with others, are near a sharp pullback. These stocks are over extended in the short term.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Stocks Perfectly Negate Biggest Sell Day Of 2012

March 08, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

The market pushed higher again today. The last two trading days erased the sharp Tuesday decline. The collapse on Tuesday was the biggest point drop of 2012. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.76, +1.07 (0.79%). While most amateurs have regained their bullish composure, the true pro traders are still skeptical. With the SPY hovering at gap fill and the markets yet to take out their 52 week highs, the bullish case is still lacking.

This bullish action is ahead of the Non Farm Payrolls report tomorrow as well as key news out of Greece. Until the SPY takes out the $138.19 level, caution should be used. Always remember, a bull never goes down without a major fight.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Stocks Perfectly Negate Biggest Sell Day Of 2012

March 08, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

The market pushed higher again today. The last two trading days erased the sharp Tuesday decline. The collapse on Tuesday was the biggest point drop of 2012. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.76, +1.07 (0.79%). While most amateurs have regained their bullish composure, the true pro traders are still skeptical. With the SPY hovering at gap fill and the markets yet to take out their 52 week highs, the bullish case is still lacking.

This bullish action is ahead of the Non Farm Payrolls report tomorrow as well as key news out of Greece. Until the SPY takes out the $138.19 level, caution should be used. Always remember, a bull never goes down without a major fight.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Home-builder Stocks Try To Build A Foundation

March 08, 2012 – Comments (0) | RELATED TICKERS: XHB , MTH , TOL

Most of the leading home-builder stocks are trading higher this morning. The home-builder stocks have been some of the top market leaders since the October 4, 2011 low pivot in the major indexes. The SPDR Home-builder ETF (NYSEARCA:XHB) remains in an uptrend at this time. The XHB continues to trade above the important daily chart 50 moving average which is a sign of strength.

Toll Brothers Inc (NYSE:TOL) is the leading home-builder stock in the market. This morning, this leading stock is trading higher by 0.32 cents to $23.07 a share. The stock should have short term intra-day resistance around the $23.31, and $23.50 levels.

Other leading home-builder stocks that are trading higher today include Lennar Corp (NYSE:LEN), KB Home (NYSE:KBH), and Meritage Homes Corporation (NYSE:MTH). All of these stocks continue to hold up well on the daily chart at this time. Should these stocks close below the important daily chart 50 moving average it would be a warning sign that the recent rally in this sector is coming to an end.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Has Exxon Mobil Run Out Of Gas?

March 08, 2012 – Comments (0) | RELATED TICKERS: XOM , COP , CVX

This morning, Exxon Mobil Corp (NYSE:XOM) is trading lower by 0.89 cents to $84.93 a share. This leading stock is not participating in the early morning stock rally. XOM stock is the second largest stock by market capitalization behind Apple Inc (NASDAQ:AAPL). In other words, XOM stock can move markets as it is a major part of the Dow Jones Industrial Average. Short term traders can watch for intra-day support around the the $84.75, and $84.00 levels. The daily chart will have near term support around the $83.75 area.

Most other leading integrated energy stocks are all trading higher today. Leading integrated energy stocks such as ConocoPhillips (NYSE:COP), Chevron Corp (NYSE:CVX), and BP plc (NYSE:BP) remain strong despite the decline in Exxon Mobil Corp (NYSE:XOM). All traders should remember that a weaker U.S. Dollar Index will usually help inflate most of the energy stocks.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

First Solar Master Level

March 07, 2012 – Comments (0) | RELATED TICKERS: FSLR

As I stated a week ago, First Solar, Inc. (NASDAQ:FSLR)  would break through the 52 week lows and head far lower. The target price I gave for the move was $24.50. Today, FSLR is trading at $25.75, -1.88 (-6.79%). The master level is nearing. This call has played out beautifully.

Gareth Soloway
InTheMoneyStocks.com

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Recs

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Today: Snap Back Rally Or Bearish Consolidation

March 07, 2012 – Comments (0) | RELATED TICKERS: SPY

The markets are experiencing a bounce back from the sharp drop yesterday. After falling $2.00 yesterday, the SPDR S&P 500 ETF (NYSEARCA:SPY)  is trading at $135.65, +0.98 (+0.73%). Wall Street is looking at this bounce and wondering if it is a snap back rally that will lead to new highs or just technical bounce, prior to more selling.

The proof is purely in the charts. After the biggest drop of 2012, any trading higher but under the recent 52 week highs must be viewed as bearish consolidation. If at any point the recent market highs are eclipsed, any trace of the bear would be gone.

In going by the numbers, the markets can float up to $138.19. As long as they do not take that level out, a technician would view this as inside consolidation and an in-spirit-of bear flag. If $138.19 is taken out, all bear cases are off the table.

Gareth Soloway
InTheMoneyStocks.com
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Recs

0

Cloud Stocks Float

March 07, 2012 – Comments (0) | RELATED TICKERS: RAX , CRM , ARUN

This morning, all of the leading cloud computing stocks are catching a bid higher. Yesterday, the cloud computing stocks were sold off with the major stock market indexes. One of the leading cloud computing stocks that are trading higher today is Rackspace Hosting Inc (NYSE:RAX). This stock is trading higher by 0.41 cents to $51.73 a share. Short term traders should watch for intra-day resistance around the $52.57 and $53.25 levels. RAX stock is still trading above the daily chart 50 moving average which tells us that the stock still has strength.

Some other leading cloud computing stocks that are trading higher include F5 Networks Inc (NASDAQ:FFIV), Riverbed Technology Inc (NASDAQ:RVBD), Aruba Networks Inc (NASDAQ:ARUN), and Salesforce.com, Inc (NYSE:CRM). All of these stocks are still holding up well on the daily charts.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Transports Could Be Set For Short Term Rebound

March 07, 2012 – Comments (0) | RELATED TICKERS: UNP , CSX , NSC

Many of the leading transportation stocks have sold off recently. The railroad stocks have been some of the sharpest decliners in the transport sector. Many of these leading stocks are now trading around short term daily chart support levels. Stocks such as Union Pacific Corp (NYSE:UNP), CSX Corp (NYSE:CSX) and Norfolk Southern Corp (NYSE:NSC) are all trading in positive territory this morning. It is important to note that all of the leading railroad stocks are now trading below the daily chart 50, and 200 moving averages. This chart formation puts these stocks in a weak technical position at this time, therefore, the bounces from the current support levels could be short lived.

Some other leading transportation stocks that are also trading higher this morning include FedEx Corp (NYSE:FDX), United Continental Holdings Corp (NYSE:UAL), and United Parcel Service Inc (NYSE:UPS). Please remember that oil prices will have a major effect on all of the transportation stocks.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

1

There Is Red Everywhere

March 06, 2012 – Comments (0) | RELATED TICKERS: LFC , WPPGY , SHOO

The major stock indexes are experiencing the first severe stock decline of 2012. The Dow Jones Industrial Average (DJIA) is trading lower by more than 200.0 points this afternoon to 12,750.29. The last time the DJIA closed down more than 100.0 points you have to go back to December 2011. Today's decline is broad based as almost every leading stock sector is trading sharply lower. The NASDAQ Composite has been leading the markets higher and today the tech heavy index is trading lower by 1.44 percent.

As you may know, the trading volume has been extremely light over the past three months. Today, the trading volume is slightly heavier than normal. The highly popular SPDR S&P 500 Trust (NYSEARCA:SPY) is trading around 150 million shares as of 3:29 pm EST. The three month average volume on the SPY is around the 154 million share level.

The Powershares QQQ Trust (NASDAQ:QQQ) has staged an amazing move since December 19, 2011 when it traded as low as $54.17 a share. This afternoon, the QQQ is finally tagging the important 20 moving average on the daily chart. It is important to note that the last time the 20 moving average was tested was on December 30, 2011. This tells you that this market is long overdue for some type of pullback.

Some leading stocks that are coming under selling pressure this afternoon include China Life Insurance (NYSE:LFC), WPP plc (NASDAQ:WPPGY), Lululemon Athletica Inc (NASDAQ:LULU), and Steven Madden Ltd (NASDAQ:SHOO). When the market leaders start to decline it is always a little bit of a warning signal. As of this time, the market sell off could simply be profit taking.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

European Stock Indexes Slide Deep Into The Red

March 06, 2012 – Comments (0) | RELATED TICKERS: EWG , EWQ , EWP

All of the leading European stock indexes have been declining since the opening bell rang at the New York Stock Exchange. Fear is starting to spread in the market as many investors are expecting some European countries to need another bailout. The Institute for International Finance warned that a disorderly default by Greece would likely force Italy and Spain to seek financial aid. Portugal and Ireland have also been rumored to need a second bailout and everyone is now wondering where this new money is going to come from. The European Central Bank (ECB) has already loaned out over $1 trillion to European banks via its Long Term Refinancing Operation (LTRO).

Traders and investors can watch for weakness in many of the European stock indexes. ETF's such as the iShares MSCI Italy Index ETF (NYSEARCA:EWI), iShares MSCI Spain Index ETF (NYSEARCA:EWP), iShares MSCI France Index ETF (NYSEARCA:EWQ), and the iShares MSCI Germany Index Fund ETF (NYSEARCA:EWG) are all trading lower by over 3.00 percent. The EWG is considered the strongest European stock index at this time. Traders can watch for intra-day support around the $21.90, and $21.35 levels.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Agriculture Stocks Get Buried

March 06, 2012 – Comments (0) | RELATED TICKERS: MOO , IPI , MOS

This morning, all of the leading agriculture stocks are coming under heavy selling pressure along with the major stock market indexes. The Market Vectors Agribusiness ETF (NYSEARCA:MOO) is trading lower by $1.24 to $50.72 a share. The MOO should have some short term daily chart support around the $50.00 level. The MOO will have intra-day support around the $50.50 area.

Some leading agriculture stocks that are trading lower today include Potash Corp./Saskatchewan (NYSE:POT), Mosaic Co (NYSE:MOS), Intrepid Potash Inc (NYSE:IPI), and CF Industries Holdings Inc (NYSE:CF). All of these stocks look as if they can have some further downside on the daily charts. Please remember, the agriculture stocks often react very similar to commodity stocks and will usually trade inverse to the U.S. Dollar.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Casino Stocks Crap Out

March 05, 2012 – Comments (0) | RELATED TICKERS: LVS , MGM , WYNN

This afternoon, all of the leading casino stocks are trading lower. Last night, China announced a lower growth forecast and this news could certainly be weighing on many of the large casino stocks. It is important to note that the Macau, China market has accounted for a large amount of the earnings for the casino operators.

Some of the leading casino stocks that are coming under some selling pressure today include Wynn Resorts Ltd (NASDAQ:WYNN), Las Vegas Sands Corp (NYSE:LVS), and MGM Resorts International (NYSE:MGM). Today's pullback in these stocks does not make a trend, however, these stocks could still see further downside in the near term.

WYNN stock is usually the most important of all the casino stocks and it is used as a barometer for the industry group. Traders should watch for near term daily support around the $111.00 level. The stock will have intra-day support around the $120.30, and $118.30 levels.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Retail Strong But At Warning Level

March 05, 2012 – Comments (0) | RELATED TICKERS: RTH , DDS , M

Regardless of the market weakness today, retail is doing well. The Merrill Lynch Retail HOLDRS ETF (NYSEARCA:RTH) is trading at $40.00, +0.04 (+0.10%). This is one of the most extended sectors in the market but still showing strength.

Stocks like Dillard's, Inc. (NYSE:DDS) and Macy's, Inc. (NYSE:M)  are higher today and still trading at or near 52 week highs. Retail has done well as economic news from the United States has been very strong. Anticipation of strong retail spending has propelled these stocks to multi year highs.

Based on current analysis, most of these plays are overbought. Any hiccup in economic news could send these stocks south very quickly. The key this week will be to watch the Non Farm Payrolls on Friday. Should these numbers disappoint, watch for retail to get weak quickly.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

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Markets Dragged Lower With Key Stock Setups

March 05, 2012 – Comments (0) | RELATED TICKERS: AAPL , IBM , CAT

The markets are seeing some selling on worries stemming from China and Europe. China lowered its growth rate to 7.5%. This is bearish for the entire globe as most advanced economies rely on China. In addition, European issues have started to bubble up again. Things with Greece are getting messy and Spain has said they will not meet the spending cuts required by the bailout of 2011. These raise new concerns of a European defaults.

Apple Inc. (NASDAQ:AAPL) is also selling sharply today. The stock makes up approximately 20% of the NASDAQ 100 and a large portion of the S&P 500. In recent months, Apple has surged higher. This has lifted the markets. However, with a drop in Apple today, the markets are under pressure. Generally, it is not wise to have one stock with such a large weighting on indexes.

Key Stock Moves

International Business Machines Corp. (NYSE:IBM) surged through $200.00 early in the trading day, hitting a high of $201.19. This was a new all time high. While the stock is still positive on the day, it has pulled back under the $200.00 even number. Currently, there is a topping tail on the daily chart that needs to be watched. It could mark a short term top.

Just over a week ago, Caterpillar Inc. (NYSE:CAT) was given as a swing trade short at $116.05. The charts showed a fall on the horizon. Sure enough, CAT hit its first target of $109.55 today. The reason for the fall is multi leveled. First, the stock was extremely extended and into a master level. In addition, there was a topping tail on the daily chart which was never negated. Lastly, the news from China was bearish for CAT's business. All of these combined for great profit.

First Solar, Inc. (NASDAQ:FSLR) is trading at $28.04, -1.98 (-6.60%). This is a new 52 week low for the stock. While most traders thought a major support would have been hit at the double bottom, it has been clear for days that First Solar is headed for $24.50. This is the next major bounce area for the leading solar player.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Australian Dollar Gets Hit Early

March 05, 2012 – Comments (0) | RELATED TICKERS: FXA , UUP , UDN

This morning, the Australian Dollar is coming under some selling pressure. The AUD/USD is trading lower 0.63 percent. Short term traders should look for intra-day support around the 1.0650, 1.0625, and 1.060 levels. The daily chart of the AUD/USD will have short term daily chart support around the 1.0430 area. Traders can also play the Australian Dollar by using the CurrencyShares Australian Dollar Trust (NYSEARCA:FXA).



Nicholas Santiago
InTheMoneyStocks.com  [more]

Recs

0

Base Metal Stocks Slide Without Greece

March 05, 2012 – Comments (0) | RELATED TICKERS: JJC , FCX , SCCO

This morning, all of the leading base metal stocks are declining lower. Normally, the catalyst for the weakness in the base metal stocks is the weak European markets and the problems in Greece. Today, the catalyst for the sell off in the leading base metal and commodity stocks is the weakness in the Chinese growth forecast for 2012. Leading base metal stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), BHP Billiton Ltd (NYSE:BHP), and Tech Resources Ltd (NYSE:TCK) are all trading lower on the session. These stocks are likely to remain weak throughout the day, however, if the U.S. Dollar Index starts to decline sharply it will help to inflate these stock off the morning lows.

The iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC) is trading lower by 0.86 cents to $49.49 a share. This ETN tracks the action in copper which is known as a leading stock market indicator. Short term traders can watch for intra-day support around the $49.50, and $48.85 levels.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Energy Retreats Early And Here Is Why

March 02, 2012 – Comments (0) | RELATED TICKERS: XOM , COP , UGA

This morning, spot oil and many of the leading energy stocks are pulling back. As you know, oil has been surging higher since mid-December 2011. Yesterday, oil spiked higher after a false report cited a fire in a Saudi Arabian oil field. While geopolitical events and weather can effect energy prices, it is usually the weaker U.S. Dollar that will cause energy and most other commodities to rise. Today, spot crude is declining lower by $1.38 to $107.36 a barrel. Please note the U.S. Dollar Index futures (DX- H2) are trading higher 0.64 cent to $79.48 per contract. Should the U.S. Dollar Index decline throughout the session one could expect oil and the energy stocks to catch a bid higher off of the morning lows.

Some leading stocks and ETF's that are coming under early selling pressure include United States Oil Fund (NYSEARCA:USO), United States Gasoline Fund (NYSEARCA:UGA), ConocoPhillips (NYSE:COP), and Exxon Mobil Corp (NYSE:XOM). These stocks should see intra-day bounce opportunities as the U.S. Dollar Index rarely holds up throughout the entire trading day.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Energy Retreats Early And Here Is Why

March 02, 2012 – Comments (0) | RELATED TICKERS: XOM , COP , UGA

This morning, spot oil and many of the leading energy stocks are pulling back. As you know, oil has been surging higher since mid-December 2011. Yesterday, oil spiked higher after a false report cited a fire in a Saudi Arabian oil field. While geopolitical events and weather can effect energy prices, it is usually the weaker U.S. Dollar that will cause energy and most other commodities to rise. Today, spot crude is declining lower by $1.38 to $107.36 a barrel. Please note the U.S. Dollar Index futures (DX- H2) are trading higher 0.64 cent to $79.48 per contract. Should the U.S. Dollar Index decline throughout the session one could expect oil and the energy stocks to catch a bid higher off of the morning lows.

Some leading stocks and ETF's that are coming under early selling pressure include United States Oil Fund (NYSEARCA:USO), United States Gasoline Fund (NYSEARCA:UGA), ConocoPhillips (NYSE:COP), and Exxon Mobil Corp (NYSE:XOM). These stocks should see intra-day bounce opportunities as the U.S. Dollar Index rarely holds up throughout the entire trading day.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

First Solar Key Levels

March 01, 2012 – Comments (1) | RELATED TICKERS: FSLR

First Solar, Inc. (NASDAQ:FSLR) is trading at $30.38, -1.92 (-5.94%). The stock continues to get hit after reporting quarterly results that did not meet expectations. While this news has sent the stock price lower, many traders are looking for the bottom. The key is to look at the chart and discover the next major support levels. The first obvious level is the 52 week low. The stock price is coming coming into that level at $29.87. This will be a double bottom and a support level.

While the stock price will find some support there, it is likely to go even lower after a small bounce. I know, the longs do not want to hear that but the charts speak the truth. The major support where the stock will be a longer term buy is at $24.75.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

1

The Shady Reason For A Bank Stock Surge

March 01, 2012 – Comments (0) | RELATED TICKERS: JPM , GS , MS

Stocks are moving higher today on the back of the banking sector. Banks are surging today as the ISDA (International Swaps and Derivatives Association) decided not to declare Greece in bankruptcy. This is positive for the banks as they will not take massive losses (as of now). Ultimately, it is just a short term stay of execution but one that is causing the banks to surge higher and lift the market. Interestingly enough, one might wonder who the main players that have influence in the ISDA decision are? The answer is simple and obvious, JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group, Inc. (NYSE:GS), Morgan Stanley (NYSE:MS). Essentially, it is self serving and not surprising they did not vote to declare the bankruptcy.

Goldman Sachs is trading at $119.7, +4.60 (+4.00%), JPMorgan Chase is trading at $40.37, +1.13 (+2.88%) and Morgan Stanley is trading at $19.07, +0.53 (+2.86%).

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

The Shady Reason For A Bank Stock Surge

March 01, 2012 – Comments (0) | RELATED TICKERS: JPM , GS , MS

Stocks are moving higher today on the back of the banking sector. Banks are surging today as the ISDA (International Swaps and Derivatives Association) decided not to declare Greece in bankruptcy. This is positive for the banks as they will not take massive losses (as of now). Ultimately, it is just a short term stay of execution but one that is causing the banks to surge higher and lift the market. Interestingly enough, one might wonder who the main players that have influence in the ISDA decision are? The answer is simple and obvious, JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group, Inc. (NYSE:GS), Morgan Stanley (NYSE:MS). Essentially, it is self serving and not surprising they did not vote to declare the bankruptcy.

Goldman Sachs is trading at $119.7, +4.60 (+4.00%), JPMorgan Chase is trading at $40.37, +1.13 (+2.88%) and Morgan Stanley is trading at $19.07, +0.53 (+2.86%).

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Oil Services Stocks Are Lagging Crude

March 01, 2012 – Comments (0) | RELATED TICKERS: USO , OIH , HAL

Crude oil has been surging higher as of late. On December 16, 2011 light sweet crude was trading as low as $92.52 a share. A few days ago crude traded near $110.00 a barrel. This morning, the highly followed and traded United States Oil Fund (NYSEARCA:USO) is trading higher by 0.30 cents to $41.22 share. Oil remains in a very strong uptrend on the daily charts at this time.

It is important to note that the Oil Service Holders Trust (NYSEARCA:OIH) is lagging the price of crude. The OIH is still trading below it's October 27, 2011 high which was $45.30 a share. Normally, when oil is so strong most investors would want to own the oil service stocks, however, every chart has its own cycle. Short term traders can watch for intra-day resistance on the OIH around the $44.00 area. Some leading oil service stocks that could be susceptible to declines in the near term are Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Transocean Ltd (NYSE:RIG).

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Gold Miners Try To Dig Out Of Yesterday's Hole

March 01, 2012 – Comments (0) | RELATED TICKERS: GDX , AUY , GOLD

This morning, all of the leading gold mining stocks are ticking higher. Yesterday, gold, silver, and leading mining stocks were slammed sharply lower as the U.S. Dollar Index rallied. Traders should realize that when markets stage an outside day on heavy volume it is usually an indication of lower prices to come. The popular and highly traded Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading higher by 0.12 cents to $55.52 a share. The daily chart is signaling that the GDX will sell down to the $52.00 area before reaching some near term support. Short term traders can watch for intra-day support around the $54.67 and $54.00 levels.

Some leading gold mining stocks that will be volatile over the next week will be Randgold Resources Ltd (NASDAQ:GOLD), Royal Gold, Inc (NASDAQ:RGLD), Yamana Gold Inc (NYSE:AUY), and Newmont Mining Corp (NYSE:NEM). All of these stocks could be vulnerable to further declines in the near term. Please understand that gold and most gold mining stocks will trade inverse to the U.S. Dollar index.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Gold Miners Try To Dig Out Of Yesterday's Hole

March 01, 2012 – Comments (0) | RELATED TICKERS: GDX , AUY , GOLD

This morning, all of the leading gold mining stocks are ticking higher. Yesterday, gold, silver, and leading mining stocks were slammed sharply lower as the U.S. Dollar Index rallied. Traders should realize that when markets stage an outside day on heavy volume it is usually an indication of lower prices to come. The popular and highly traded Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading higher by 0.12 cents to $55.52 a share. The daily chart is signaling that the GDX will sell down to the $52.00 area before reaching some near term support. Short term traders can watch for intra-day support around the $54.67 and $54.00 levels.

Some leading gold mining stocks that will be volatile over the next week will be Randgold Resources Ltd (NASDAQ:GOLD), Royal Gold, Inc (NASDAQ:RGLD), Yamana Gold Inc (NYSE:AUY), and Newmont Mining Corp (NYSE:NEM). All of these stocks could be vulnerable to further declines in the near term. Please understand that gold and most gold mining stocks will trade inverse to the U.S. Dollar index.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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