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inthemoneystock (< 20)

April 2012

Recs

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BTU Heats Up

April 30, 2012 – Comments (0) | RELATED TICKERS: BTU , ANR , ACI

Everyone knows that the coal sector has been extremely weak as of late. There is one leading coal stock that is catching a bid higher today and it is Peabody Energy Corp (NYSE:BTU). Today, BTU stock is trading higher by $1.01 to $31.21 a share. The stock will have intra-day resistance around the $31.60 area. The daily chart could have some more upside in the near term, however, the stock remains well below the important 200 day moving average which puts the stock in a weak technical position.

Some other leading coal stocks that are trading higher today include Alpha Natural Resources, Inc. (NYSE:ANR), Arch Coal Inc (NYSE:ACI), and James River Coal Company (NASDAQ:JRCC). Please note that the entire coal sector still remains weak on the daily charts.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

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Daily Chart: Priceline.com Inc Tags Double Top

April 30, 2012 – Comments (0) | RELATED TICKERS: PCLN

Priceline.com Inc (NASDAQ:PCLN) tagged the double top on the daily chart today. This level is between $770 and $775. Double tops are known for being solid resistance points. This means it is likely that the stock will pull back off this level.

Gareth Soloway
InTheMoneyStocks.com

  [more]

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Alert: Key Stock Levels On Apple Inc.

April 30, 2012 – Comments (0) | RELATED TICKERS: AAPL

The price action on Apple Inc. (NASDAQ:AAPL) continues to be poor. The weeks prior to earnings, Apple took a beating. After a one day mega pop on solid quarterly earnings, it is taking a beating again. Today, the iEverything company is trading at $588.59, -14.41 (-2.39%).

The weakness in price action definitely speaks volumes for a continued pull back in the stock. After a monster one day rally, the Apple cannot catch a bid and has headed straight down. The obvious reasons for this selling is continued distribution by institutions into the hyped up retail investor and mutual fund.

The short term support levels on Apple are shown below. These are meant for day trading scalps and should not be construed as swing trade buy levels.  [more]

Recs

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Restaurant Get Cooked Early

April 30, 2012 – Comments (0) | RELATED TICKERS: CMG , YUM , THI

This morning, many of the leading restaurant stocks are declining lower. Chipotle Mexican Grill Inc (NYSE:CMG) has been one of the stronger restaurant stocks in the market. This leading stock sold off sharply on April 19, 2012 when it traded as high as $439.40 a share. Today, CMG stock is trading lower by $4.61 to $414.18 a share. Short term traders can watch for intra-day support around the $413.50, $411.00, and and $408.70 levels. The daily chart will still have minor support around the $401.00 area.

Some other leading restaurant stocks that are coming under early selling pressure include Yum! Brands, Inc. (NYSE:YUM), Panera Bread Co (NASDAQ:PNRA), and Tim Hortons Inc. (USA) (NYSE:THI). All of these stocks are trading together today, however, they will very often trade in their own direction. Traders must judge each chart individually when it comes to the restaurant stocks.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Financial Stocks Are Weak Early

April 27, 2012 – Comments (0) | RELATED TICKERS: JPM , GS , C

This morning, all of the leading financial stocks are declining lower. J.P. Morgan Chase & Co (NYSE:JPM) is considered the most important financial stock in the United States. This stock will often lead the major stock market indexes. Today JPM stock is trading lower by 0.39 cents to $43.40 a share. Short term traders should watch for intra-day support around the $43.15 and and $42.64 levels. The daily chart will still have support around the $41.00 level.

Some other leading financial stocks that are coming under early selling pressure include Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), and Morgan Stanley (NYSE:MS). Please remember the financial sector will likely be very volatile over the next few months as all of these stocks have some relationship to the European markets.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Head And Shoulders Pattern Triggers On Dollar

April 26, 2012 – Comments (0) | RELATED TICKERS: UUP

The PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has a clear head and shoulders pattern on the daily chart. Head and shoulders patterns are bearish in nature and usually mean more downside for that particular chart. This pattern has triggered on the UUP which is the Dollar tracking ETF. Because the Dollar trades inverse to the markets, the markets could see a little more upside in the coming days. This would be prior to the next fall that is on the horizon.

Gareth Soloway
InTheMoneyStocks.com
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Recs

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IBM Master Swing Short Level

April 26, 2012 – Comments (0) | RELATED TICKERS: IBM

International Business Machines Corp. (NYSE:IBM) continues to rally higher today. The stock is trading at $204.81, +1.24 (+0.61%). On Monday, IBM made a low at $196.80. This big move higher may continue into early next week but will soon yield a great shorting opportunity. The short level on IBM is $207.40. This is a key gap fill point and major resistance on the chart. The next leg down should begin once this price point is achieved.

Gareth Soloway
InTheMoneyStocks.com
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BP Resistance Levels Intra-Day

April 26, 2012 – Comments (0) | RELATED TICKERS: BP

BP plc (ADR) (NYSE:BP) is running into the first resistance point of the day.  This stock has been beaten down in the last few months but is jumping nicely today. The first short scalp level is at $43.25 and the second scalp short level is at $43.40.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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First Solar Continues To Collapse

April 25, 2012 – Comments (0) | RELATED TICKERS: FSLR , SPWR

First Solar, Inc. (NASDAQ:FSLR) continues to drop, even in the face of a solid rally on Wall Street. The stock is trading at $18.12 -0.52 (-2.79%). This stock broke its previous support of $20.00 on Monday and is now headed for $17.00. Once at $17.00, First Solar becomes an attractive bounce candidate.

Solar stocks have been under pressure for well over a year on the back of a slowing global economy and an oversupply of solar panel cells from China. These problems continue to persist and are hurting the sector.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Coal Stocks Cannot Ignite

April 25, 2012 – Comments (0) | RELATED TICKERS: KOL , BTU , ANR

All of the leading coal stocks have been in a down-trend throughout 2012. This morning, many of the leading coal stocks are failing to catch a bid despite the early stock market rally. The leading coal stock that most traders follow is Peabody Energy Corp (NYSE:BTU). The stock is trading lower by 0.14 cents to $29.81 a share. Short term traders should watch for intra-day support around the $29.59, and $28.75 levels. The daily chart of BTU still remains very weak as the stock trades below the important daily chart 50, and 200 moving averages.

Some other leading coal equities that are coming under early selling pressure include Alpha Natural Resources, Inc. (NYSE:ANR), Arch Coal Inc (NYSE:ACI), and the Market Vectors-Coal ETF (NYSEARCA:KOL). All of these leading equities still appear very weak on the daily chart and are susceptible to further declines.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Cloud Stocks Fail To Float Higher

April 25, 2012 – Comments (0) | RELATED TICKERS: CRM , FFIV , RVBD

This morning, many of the leading cloud computing stocks are failing to rally with the technology sector. This is very strange since the NASDAQ Composite is higher by 2.00 percent at the open of the session. One of the leading cloud computing stocks in the market is Salesforce.com Inc (NYSE:CRM). This stock is trading lower by 0.73 cents to $149.25 a share. The stock is sitting right on the daily chart 50 moving average which is short term support. Should this level fail to hold as support and break lower the the stock could decline down to the $142.75 area. Short term traders can watch for intra-day support around the $148.00 and $144.50 levels.

Some other leading cloud stocks that are failing to rally higher today include F5 Networks, Inc. (NASDAQ:FFIV), Netflix, Inc. (NASDAQ:NFLX), Riverbed Technology, Inc. (NASDAQ:RVBD), and Akamai Technologies, Inc. (NASDAQ:AKAM). At this time, the weakness in the cloud computing sector should be noted. Should the major stock indexes start to decline these stocks would likely lead the markets lower as they have poor relative strength today.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Can Sears Holdings Bounce At Key Level

April 24, 2012 – Comments (0) | RELATED TICKERS: SHLD

Sears Holdings Corporation (NASDAQ:SHLD) has fallen sharply over the last two months. On March 16th, 2012 the stock hit a 52 week high of $87.66. Today, it hit a low of $50.58. The stock is now into a key support level and traders are watching to see if it holds. This level is a pivot point as well as a key gap fill going back to February 2012.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Next 24 Hours: Markets Hold Breath For Apple And FOMC

April 24, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL

The markets are floating around the flat line. All eyes are focused on the after market earnings release from Apple Inc. (NASDAQ:AAPL)  and the FOMC policy statement scheduled for Wednesday. This is keeping investors very nervous as worries of an iPhone sales miss is looming large. In addition, the markets are looking for Ben Bernanke to give a hint at future quantitative easing once again. The Wall Street thought process is that more problems in Europe and weaker U.S. economic data might push Bernanke into saying QE3 is a possibility again.

The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $137.19 +0.40 (+0.29%).  Tomorrow will likely be a major up or down day as Apple earnings will be revealed and comments from the Federal Reserve will be given. Be ready for a wild ride.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Chips Remain Stuck In The Mud

April 24, 2012 – Comments (0) | RELATED TICKERS: ARMH , NVDA , MRVL

Many of the leading semiconductor stocks continue to struggle to catch a bid higher. The important and highly followed Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) is trading lower by 0.12 cents to $44.45 a share. Short term traders should watch for intra-day support around the $32.20 and $32.90 levels. The daily chart price for the SMH is now trading well below the important 50 moving average. This chart position puts this important ETF in a vulnerable position on the charts. It is also important to note that the SMH is short term oversold and small bounces are always possible.

Some leading chip stocks that are declining lower today include ARM Holdings plc (ADR) (NASDAQ:ARMH), NVIDIA Corporation (NASDAQ:NVDA), and Marvell Technology Group Ltd. (NASDAQ:MRVL). All of these stocks mentioned here are nearing short term oversold conditions on the daily chart, therefore, small bounces are possible in the next few days.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Not Made Of Steel

April 24, 2012 – Comments (0) | RELATED TICKERS: X , NUE , AKS

This morning, all of the leading steel stocks are declining despite an early stock market bounce. United States Steel Corporation (NYSE:X) is considered the leading steel stock in the sector. X stock is declining lower by $1.14 to $27.08 a share. Short term traders can watch for intra-day support around the $26.95, and $26.50 levels. The daily chart support for X will be lower as the stock is trading below the important 50, and 200 moving averages.

Some of the leading steel stocks that are declining along with U.S. Steel include Nucor Corporation
(NYSE:NUE), Steel Dynamics, Inc. (NASDAQ:STLD), AK Steel Holding Corporation (NYSE:AKS), and Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). All of these stocks will generally bounce intra-day when the U.S. Dollar Index declines.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Natural Gas Stocks Finally Heat Up

April 23, 2012 – Comments (0) | RELATED TICKERS: CHK , DVN , SWN

All of the leading natural gas stocks are catching a bid higher despite the broad stock market sell off. The natural gas stocks have been selling off sharply since mid-February. Devon Energy Corp (NYSE:DVN) is considered the best natural gas stock in the group. DVN stock is trading higher by 0.77 cents to $66.00 a share. Traders and investors can watch for intra-day resistance around the $66.60 level. The daily chart of DVN will have very good daily chart support around the $64.00 level.

Some of the other leading natural gas stocks that are trading higher today include Chesapeake Energy Corp (NYSE:CHK), and Southwestern Energy Co (NYSE:SWN). All of these leading stocks are still trading below the important daily chart 50, and 200 moving averages. This chart formation puts these stocks in a very weak technical position, therefore, all bounces in these stocks might just be short term as the trend still remains down.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Riverbed Sits Above A Support Level

April 23, 2012 – Comments (1) | RELATED TICKERS: RVBD

Riverbed Technology, Inc. (NASDAQ:RVBD) is trading lower again today, following an ugly earnings report late last week. The stock is hovering at $19.47, -0.38 (-1.91%). Many traders and investors are wondering where the stock will finally bounce. After analyzing the chart, the price level is near and clear, $18.50. There is a major double bottom going back to early October 2011. Note the chart below. This swill be support for this beaten down company.

Gareth Soloway
InTheMoneyStocks.com
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Recs

2

Can The Greenback Fall Enough To Save The Markets

April 23, 2012 – Comments (1) | RELATED TICKERS: UUP , DIA , IWM

Nearly every trading session when the stock market is lower the U.S. Dollar Index is higher. Well, that is certainly the case once again today. This morning, the U.S. Dollar Index futures (DX-M2) are trading higher by 0.38 cents to $79.69 per contract. While 0.38 cents does not sound like much in the U.S. Dollar Index; it can move markets. If you are a trader that does not have a chart of the U.S. Dollar Index you can follow the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) which will emulate the action in the U.S. Dollar.

Generally, most leading commodities such as oil, gold, copper, iron and other will trade inverse to the U.S. Dollar Index. These days most leading stock indexes including the NASDAQ Composite, and the Russel 2000 will trade inverse to the U.S. Dollar. Should the U.S. Dollar Index begin to decline traders should watch for indexes such as the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM), SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA), and the ProShares Ultra S&P500 (ETF) (NYSEARCA:SSO) to catch an intra-day bid off of the morning lows.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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The IYT Gets Transported South

April 23, 2012 – Comments (0) | RELATED TICKERS: IYT , CSX , DAL

This morning, the important and highly followed iShares Dow Jones Transportation Average ETF (NYSEARCA:IYT) is trading lower by $1.84 to $91.52 a share. This is a 2.00 percent decline for the major transportation index. Traders and investors will usually follow the transport index very closely as a sign of economic growth and contraction. The daily chart of the IYT will have short term support around the $90.70 area. Short term traders can watch for intra-day support around the $91.50 and $91.00 levels.

Some of the leading transportation stocks that are coming under selling pressure today include Kansas City Southern (NYSE:KSU), CSX Corporation (NYSE:CSX), Delta Air Lines, Inc. (NYSE:DAL), and Ryder System, Inc.(NYSE:R). All of these these transport stocks are trading lower with the major stock indexes, therefore, investors may want to time any trades with the important IYT.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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The Real Shark Week

April 20, 2012 – Comments (0) | RELATED TICKERS: GMCR , NFLX , AKAM

Today, is options expiration Friday. This trading week is a time when the markets will trade all over the map. There will usually be a lot of game playing in many of the popular stocks by the institutional traders. Often leading stocks such as Apple Inc (NASDAQ:AAPL), Green Mountain Coffee Roasters Inc (NASDAQ:GMCR), Netflix Inc (NYSE:NFLX), First Solar Inc (NASDAQ:FSLR) and others will be extremely volatile throughout the week.

Remember, this is the time to be a contrarian trader. If every investor in the world is buying puts (option contract betting that the stock declines) on a stock such as Amazon.com Inc (NASDAQ:AMZN), or Akamai Technologies Inc (NASDAQ:AKAM) the institutional traders will usually move the stock higher in order to shake out the small retail options trader. Most novice retail options traders will generally try to make money from the increase in the premium paid and never actually exercise the option. Another mistake that the small retail option trader will make is that they will usually buy the near term expiring contract because it is cheap. Believe me, it is cheap for a reason and that is because the clock is ticking and the option is losing intrinsic value by the minute. When trading options it is best to give yourself some time, buy the next expiration date. 

This options expiration volatility and game playing will take place each and every month. Inexperienced retail options traders will usually become the victims of the large institutional traders during the week of options expiration every month. This is the real shark week and everyone should know what to expect next month.  [more]

Recs

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Analysis: Markets Whip In Wild Intra Day Action

April 19, 2012 – Comments (1) | RELATED TICKERS: SPY , MSFT , CMG

The markets are whipping between the positive and negative side in wild intra day trading. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $138.19, -0.40 (-0.29%). This wild action is a result of a decent bond auction in Spain and poor economic news in the United States. Jobless Claims came in near a four month high and the Philly Fed Index was surprisingly weak. The combination of a good auction and bad economic news has investors unsure as to which direction the markets should trade. In addition, it is options expiration week which naturally means wild trading.

More earnings will be reported today. Some of the standouts to watch are Microsoft Corporation (NASDAQ:MSFT), Chipotle Mexican Grill, Inc.(NYSE:CMG), Riverbed Technology, Inc. (NASDAQ:RVBD) and Capital One Financial Corp. (NYSE:COF).

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

The Skinny on Gold And Silver

April 19, 2012 – Comments (0) | RELATED TICKERS: GLD , IAU , PHYS

One of the best indicators of inflation and deflation is the action in gold and silver. When gold and silver rally it is telling us that inflation is taking hold, the opposite is true when gold and silver decline. The precious metals will usually trade inverse to the U.S. Dollar Index. This morning, the U.S. Dollar Index plunged after the opening bell rang at the New York Stock Exchange. This type of action in the dollar happens very often. A falling U.S. Dollar is always beneficial to the precious metals.

The popular SPDR Gold Trust (NYSEARCA:GLD) is trading higher 0.61 cents to $159.90 a share. The GLD will have intra-day resistance around the $160.75 area. Traders must remember that if U.S. Dollar Index rallies higher the precious metals are likely to pullback further. Some other ways to play the precious metals will be use equities such as iShares Gold Trust(ETF) (NYSEARCA:IAU), Sprott Physical Gold Trust (NYSEARCA:PHYS), and the ProShares Ultra Silver (ETF) (NYSEARCA:AGQ).

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Gold Miners Continue To Dig A Hole Lower

April 18, 2012 – Comments (0) | RELATED TICKERS: GDX , AEM , NEM

This afternoon, all of the leading gold mining stocks are coming under selling pressure. The popular Market Vectors Gold Miners ETF Trust (NYSEARCA:GDX) is trading lower by 0.65 cents to $46.48 a share. The trend on this leading ETF remains down as the GDX price is trading below the daily chart 50, and 200 moving averages. The GDX should have some short term daily chart support around the $45.00 level. Short term traders should watch for intra-day support around the $46.25 area.

Some of the leading gold mining stocks that are falling lower today include Newmont Mining Corp (NYSE:NEM), Goldcorp Inc (NYSE:GG), and Agnico-Eagle Mines Limited (USA) (NYSE:AEM). All of these stocks look very similar to the GDX, therefore, further downside is possible for all of these leading gold mining stocks.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Earnings: Chart Analysis For QCOM, VMW, YUM

April 18, 2012 – Comments (1) | RELATED TICKERS: QCOM , VMW , YUM

QUALCOMM, Inc. (NASDAQ:QCOM) reports earnings today. The company is expected to report $0.95-$0.99 profit per share. While the analysts have given their opinions, I find it far more accurate to analyze the charts.

First, the stock has surged dramatically in 2012. It has jumped from $54.70 to a recent 52 week high of $68.87. This move represents a 26% move. While the stock has pulled back slightly off its highs, it has made a bear flag pattern which tells of likely downside coming. Based on the chart, this stock has a slightly better chance of dropping on earnings than moving higher.

VMware, Inc. (NYSE:VMW) and Yum! Brands, Inc.(NYSE:YUM) will also report earnings after the market closes today. Both charts are extremely extended. While there is always a chance of further upside, it is hard to think even on good earnings, the stocks could jump much. Poor earnings could see a solid fall.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

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Stocks On Shaky Ground Following Earnings

April 18, 2012 – Comments (0) | RELATED TICKERS: IBM , INTC , SPY

The markets opened lower after earnings reports from International Business Machines Corp. (NYSE:IBM) and Intel Corporation (NASDAQ:INTC). Both reports were slightly shy of Wall Streets expectations. As those stocks dropped, so did the markets. While down, the markets are only hovering slightly lower with the SPDR S&P 500 ETF (NYSEARCA:SPY)  trading at $138.78, -0.31 (-0.22%). Fears from Europe have calmed in the last two days. This was the major reason for the monster rally yesterday.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Transports Looking Top Heavy

April 18, 2012 – Comments (0) | RELATED TICKERS: IYT , UNP , NSC

The important and highly followed Dow Jones Transportation Index ETF (NYSEARCA:IYT) has rallied higher since April 10, 2012 when it traded as low as $90.45 a share. This morning the IYT is trading higher by 0.03 cents to $94.69 a share. This ETF looks to have very good resistance around the $95.00 to $96.00 levels. Over the past two months, this has been the area that the transportation index has met resistance. Always remember, it is important for a stock, index, or ETF to prove itself when reaching important resistance levels. The IYT should have intra-day resistance around the $95.50 area.

Some of the leading transportation stocks that are trading higher today include Union Pacific Corp (NYSE:UNP), Norfolk Southern Corp (NYSE:NSC), and United Continental Holdings Inc (NYSE:UAL). All of these stocks are nearing very good daily chart resistance levels which could lead to a short term pullback in the sector.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

3

Nat Gas Stocks Are Trading On Fumes

April 17, 2012 – Comments (1) | RELATED TICKERS: SWN , DVN , CHK

All of the leading natural gas stocks are still trading in a confirmed down trend on the daily charts. This afternoon, these stocks are barely participating in the broad based stock market rally. Traders should note that the low natural gas prices have certainly hurt the leading natural gas stocks such as Devon Energy Corporation (NYSE:DVN), Southwestern Energy Company (NYSE:SWN), and Chesapeake Energy Corporation (NYSE:CHK).

The best stock in this group is Devon Energy which is trading higher today by $1.17 to $68.17 a share. This stock has faded from its intra-day high of $68.73. Ttraders should watch for intra-day support around the $67.70 level. The daily chart will have short term support around the $66.50 level. All of the natural gas stocks are very oversold and due for some type of short term bounce soon.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Resistance: Intra Day Short Level On Apple

April 17, 2012 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) has surged dramatically higher today. In the first few minutes of the trading day, Apple dropped to a low of $571.91. Since then it has soared back, hovering just below $600.00. Should Apple continue to move higher, the next shorting level will for an intra day trade will be at $604.25.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

1

See It Here: NASDAQ 100 Hits Technical Level, Bounces

April 17, 2012 – Comments (0) | RELATED TICKERS: QQQ , AAPL , GOOGL

The markets surged higher as expected today. This was a result of a technical level hit on the NASDAQ 100 yesterday when the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) tagged a low of $65.25. This price happened to be the 50 moving average on the daily chart.  Based on the dramatic fall in stocks like Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG)  which make up the NASDAQ 100, the 50 moving average would likely lead to a bounce.

Sure enough, the markets are surging today and the bounce came in perfectly. This was a relatively easy call to make when studying the daily chart of the QQQ and understanding tech influence on the overall market.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Financial Stocks Lead The Charge

April 17, 2012 – Comments (0) | RELATED TICKERS: JPM , BLK , CS

This morning, all of the leading financial stocks are trading higher on the session. Goldman Sachs Group Inc (NYSE:GS) is the one financial stock that is trading negative after reporting earnings earlier today. J.P. Morgan Chase & Co (NYSE:JPM) is the most important financial stock that any trader can follow. Today, JPM stock is trading higher by 0.35 cents to $43.68 a share. Short term traders should watch for some intra-day resistance on JPM around the $43.75 and $44.18 levels. Should JPM decline intra-day the stock will have very good intra-day support around the $43.00 level.

Some other leading financial stocks that are climbing higher today include Deutsche Bank AG (USA) (NYSE:DB), BlackRock, Inc. (NYSE:BLK), and Credit Suisse Group AG (ADR) (NYSE:CS). As long as all of these leading financial stocks are holding up the major stock indexes are likely to hold up. On the flip side, if the financial stocks start to decline and trade lower it could be a warning sign that the major stock indexes are going to roll over and face some selling pressure.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Home Depot & Lowes Finally Pause

April 17, 2012 – Comments (0) | RELATED TICKERS: HD , LOW , RTH

The two leading home improvement retail stocks are finally retreating today. The Home Depot Inc (NYSE:HD) and Lowe's Companies Inc (NYSE:LOW) are trading slightly lower on the session after making new 52 week highs yesterday. Both of these stocks remain above the daily chart 50, and 200 moving averages which indicate a strong technical chart position. This small pullback should not be viewed as anything serious at this time.

Short term traders should watch for intra-day support on HD stock around the $51.27, $50.97, and $50.36 levels. The intra-day support levels for LOW stock is $31.90, $31.75, and $31.50. All of these levels could help these stocks have small intra-day bounces.

Nicholas Santiago
InTheMoneyStocks.com







  [more]

Recs

1

Falling U.S. Dollar Saves The Markets Again

April 16, 2012 – Comments (0) | RELATED TICKERS: SSO , DDM , UUP

The most important chart that anyone can follow is a chart of the U.S. Dollar Index. The major stock indexes and most leading commodities will usually trade inverse to the world's reserve currency. For over ten years now the general stock market direction has moved opposite or inverse to the U.S. Dollar Index.

This morning, the U.S. Dollar Index futures (DX-M2) topped out shortly after the opening bell rang at the New York Stock Exchange. When the U.S. Dollar Index declined that is exactly when the S&P 500 Index and the popular Dow Jones Industrial Average rallied higher. This is very evident by comparing a chart of the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) against the ProShares Ultra S&P500 (ETF) (NYSEARCA:SSO), and the ProShares Ultra Dow30 (ETF) (NYSEARCA:DDM). Traders should remember that the opposite effect can be seen when the U.S. Dollar Index trades higher, the major stock indexes will deflate and decline lower.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

Amazon Major Trend Line To Watch

April 16, 2012 – Comments (0) | RELATED TICKERS: AMZN

Amazon.com, Inc. (NASDAQ:AMZN) hit a major trend line once again today. Note the chart below. This level has been hammered on for months and will eventually break. Look for the stock to see a multi day bounce while forming a bear flag. Next time it goes into that level, it should break. The target would be $167.00.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

How To Trade It: Technology Tumbles, Europe Fears Go

April 16, 2012 – Comments (0) | RELATED TICKERS: GOOGL , AAPL , SPY

The markets opened nicely higher only to get slammed once again. Last week the markets saw their largest decline of 2012. The down cycle called by Chief Market Strategists at InTheMoneyStocks is fully in play. European worries continue to increase and technology has seen a sharp pull back from its recent highs.

Spanish yields surged above 6% on the 10 year overnight. This continues to show Europe will need to bailout yet another nation. After Spain, Italy and Portugal are sure to follow. The U.S. market has largely ignored the problems in Europe in recent months. However, these problems are now getting too dramatic to ignore.

Technology has been crushed in the last few trading sessions. Google Inc (NASDAQ:GOOG) reported earnings last Thursday evening. Since then, the stock has fallen from over $650 to a low today of $601.66. In addition, the strongest technology stock has collapsed sharply. Apple Inc. (NASDAQ:AAPL) has been the biggest hyped stock in recent months but has lost its shine. The stock topped out last week at a 52 week, all time high of $644, hitting a low today of $582.30.

This week the markets have a lot to deal with. Not only is Europe erupting once again but major earnings will be reported. In addition, it is options expiration which usually creates some wild swings in the market.

Gareth Soloway
InTheMoneyStocks.com


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Beware Of The Dow Jones Industrial Average Lead Rally

April 16, 2012 – Comments (0) | RELATED TICKERS: IBM , CVX , CAT

This morning, most of the leading stocks in the Dow Jones Industrial Average (DJIA) are trading higher. Traders must remember that the DJIA is a price cap weighted index unlike the S&P 500 Index and NASDAQ Composite which are market cap weighted indexes. When a price cap weighted index trades higher it will usually signal that the high priced stocks in that indexes are trading higher. Today, International Business Machines Corp (NYSE:IBM) is the highest priced stock in the DJIA and carries the most weight. This tech giant is trading higher by $1.54 to $204.40 a share. Chevron Corp (NYSE:CVX) is the second largest stock in the DJIA by price capitalization. This leading energy stock is trading higher by $1.01 to $101.79 a share. Just between IBM, and CVX it will likely account for large percentage of the move in the DJIA. Some other large weightings in the DJIA are Caterpillar Inc (NYSE:CAT), 3M Co (NYSE:MMM), and Exxon Mobil Corp (NYSE:XOM).
Traders should all beware when the DJIA leads the major stock indexes higher. Often, large investors will park money in the DJIA to collect a dividend if growth stocks look to be slowing down. Remember, it does not take many stocks in the DJIA to have the index trade into positive territory; it only takes a handful of the high priced stocks in the index to trade higher.
Nicholas SantiagoInTheMoneyStocks.ccom  [more]

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Retail Stocks Slip With Indexes

April 13, 2012 – Comments (0) | RELATED TICKERS: RTH , DG , COST

This morning, many of the leading retail stocks are declining lower to start the session. The important Merrill Lynch Retail HOLDRS ETF (NYSEARCA:RTH) is declining lower by 0.20 cents to $41.28 a share. This ETF will have intra-day support around the $41.25, and $40.93 levels. The daily chart for the RTH is still trading above the 50 moving average and this tells us that the ETF still has some strength.

Some leading retail stocks that are coming under selling pressure include Costco Wholesale Corporation (NASDAQ:COST), Target Corporation (NYSE:TGT), and Dollar General Corp. (NYSE:DG). All of these stocks are still holding up on the daily charts, however, this week the leading retail stocks have seen some profit taking.

Nicholas Santiago
InTheMoneyStocks.com

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Rally Today: Market Preps For Major Earnings And Data

April 12, 2012 – Comments (0) | RELATED TICKERS: SPY , GOOGL , CAT

Stocks are jumping for the second day in a row. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $138.42, +1.52 (+1.11%). This strong move up is coming prior to major economic and earnings news in the next 24 hours.

Today, after the markets close, Google Inc (NASDAQ:GOOG) will report earnings. Wall Street estimates expect a profit of $9.64. The whisper number is for a profit of $9.87. This is the first major technology earnings report of the season and will shape the action tomorrow. Last quarter Google took a major hit after disappointing Wall Street.

Tonight, China will report its GDP numbers. There is a rumor on the street that they will be better than expected. This is likely the cause to the rally today. Caterpillar Inc. (NYSE:CAT) is surging as well which gives credence to the rumor on China GDP. CAT is very reliant on strong China growth to excel.

Tomorrow morning, the first major bank will report earnings. JPMorgan Chase & Co. (NYSE:JPM) is expected to report earnings of $1.17 wit\h a whisper number at $1.20.

As it stands now, China GDP will be of great importance for the entire global economy. In addition, the technology sector and financial sector will be rocking one way or another. While often quiet on a Friday, tomorrow should be very exciting.

Gareth Soloway
InTheMoneyStocks.com

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McDonald's Gets Fried

April 12, 2012 – Comments (0) | RELATED TICKERS: MCD , YUM , WEN

This morning, the leading fast food stock McDonald's Corp (NYSE:MCD) is trading lower by $1.06 to $97.50 a share. This leading restaurant stock is one of the only stocks in the sector to decline while the major stock indexes are rallying higher. Short term traders should watch for intra-day support around the $97.00 area. The daily chart of MCD stock has been making lower highs and this could cause the stock to trade lower over the next week or so. MCD stock still has good short term daily chart support around the $94.50 level.

Most other lead leading fast food restaurant stocks are trading higher on the session. Leading restaurant stocks such as Yum! Brands, Inc. (NYSE:YUM), The Wendy's Company (NASDAQ:WEN), and Panera Bread Co (NASDAQ:PNRA) are all trading in positive territory today.

Nicholas Santiago
InTheMoneyStocks.com
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Gasoline On The Rise

April 12, 2012 – Comments (0) | RELATED TICKERS: UGA , OIL , UCO

Once again, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by 0.60 cents to $57.13 a share. Last week, the UGA pulled back after making a new three year high at $58.88 a share. The recent pullback in the UGA also occurred as the major stock indexes sold off. This tells us that the UGA is trading inverse to the U.S. Dollar Index futures (DX-M2). This morning, the U.S. Dollar Index futures are trading lower by 0.43 cents to 479.56 per contract. Unfortunately, if the stock market is going to inflate and trade higher the price of gasoline is usually going to trade higher as well. Short term traders should watch for intra-day resistance on the UGA around the the $57.50 level. Yesterday, the UGA recaptured the daily chart 50 moving average and this is a short term sign of strength. The average price of unleaded gasoline in the United States is now $3.91 a gallon.

Light sweet crude is also rebounding higher today. Spot crude is trading higher by 0.78 cents to $103.48 a barrel. The iPath S&P GSCI Crude Oil Total Return (NYSEARCA:OIL), and the ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) are all trading higher on the session. These equities will also trade inverse to the U.S. Dollar Index.

Nicholas Santiago
InTheMoneyStocks.com

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Wal-Mart Is The Only Leading Retailer That Is Down Today

April 11, 2012 – Comments (0) | RELATED TICKERS: RTH , BIG , TJX

This afternoon, all of the leading retail stocks are trading higher on the session. The Merrill Lynch Retail HOLDRS ETF (NYSEARCA:RTH) is trading higher by 0.47 cents to $41.07 a share. This signals that most retail stocks are trading higher today. Other leading retail stocks such as Target Corporation (NYSE:TGT), Big Lots, Inc. (NYSE:BIG), and The TJX Companies, Inc. (NYSE:TJX) also have solid moves in positive territory. On the surface everything looks fine and dandy in the retail world.

The one lone retail stock that is declining today is Wal-Mart Stores, Inc. (NYSE:WMT). The stock is trading lower by 0.21 cents to $59.72 a share. While the stock is not down much; it is failing to catch a bid today and that is worth noting. The daily chart is trading below the important 50 moving average which puts the stock in a weak technical formation. The stock will have some daily chart support around the $58.25 level. Short term traders can watch for intra-day support around the $59.50 area.

Nicholas Santiago
InTheMoneyStocks.com

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Bonds Dip As Stocks Rally

April 11, 2012 – Comments (0) | RELATED TICKERS: IEF , TLT , PST

This morning, the 10 and 30 year U.S. Treasuries are declining lower. The fall in the bond market comes as stocks soar higher and fear in the marketplace fades. Traders can easily watch a chart of the iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSEARCA:TLT), and the iShares Barclays 7-10 Year Treasury Bond Fund (NYSEARCA:IEF) and see that both equities are coming under selling pressure. The popular TLT will have intra-day support around the $115.60, $115.00, and $114.70 levels.   [more]

Recs

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Storms In The Cloud

April 11, 2012 – Comments (0) | RELATED TICKERS: VMW , FFIV , RVBD

This morning, some of the leading cloud computing stocks are coming under selling pressure. Leading cloud computing stocks such as F5 Networks, Inc.(NASDAQ:FFIV), and VMware, Inc.(NYSE:VMW) are leading the cloud computing sell off. Both of these stocks have already bounced off of the morning lows. It is important to note that most of the leading cloud computing stocks are now oversold and could be due for a short term bounce in the coming days. Should FFIV stock trade lower again traders should watch for short term intra-day support around the $120.00, and $117.00 levels. VMW stock should have decent intra-day support around the $102.80, and $100.00 levels.

Some other leading could computing stocks that are showing some early weakness include Riverbed Technology, Inc. (NASDAQ:RVBD), Netflix, Inc. (NASDAQ:NFLX), and Oracle Corp (NASDAQ:ORCL). Most of these leading cloud stocks are nearing short term oversold conditions. Please understand that earnings season has started and these stocks will all be very volatile while the earnings reports are released. Please check the earnings date before trading any stock during earnings season.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

6

Gold Stands Out With Blood In The Street

April 10, 2012 – Comments (0) | RELATED TICKERS: GLD , NG , SA

This afternoon, almost every major stock market index is trading lower on the session. Traders and investors are experiencing a very rare broad based decline. The one sector that is showing strength today is gold and the gold mining stocks. The SPDR Gold Trust (NYSEARCA:GLD) is actually trading higher by $1.88 to $161.25 a share. It is very important to note that gold has been weak since February 28, 2012 when it traded as high as $174.00 a share. Despite today's rally in gold the precious metal is still in a weak technical position on the daily charts. The catalyst for the rally in gold is simply due to more chatter that the Federal Reserve will now consider implementing another quantitative easing program after today's stock market decline.

Gold mining stocks are also rallying higher today. These stocks have been extremely weak as of late. Leading gold mining stocks such as NovaGold Resources Inc (NYSEAMEX:NG), Seabridge Gold, Inc (NYSE:SA), and Yamana Gold Inc. (USA) (NYSE:AUY) are all trading higher this afternoon. Please understand, all of these stocks are still in a weak technical position on the daily charts.

Nicholas Santiago
InTheMoneyStocks.com

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Europe Erupts As Cycle Call Nailed Perfectly

April 10, 2012 – Comments (1) | RELATED TICKERS: SPY , DIA , QQQ

After months of calculations and proprietary chart analysis, Chief Market Strategists discovered a cycle pivot point in the market. This pivot cycle date would begin the demise of the current bull raid on Wall Street. It was stated to members that the cycle would have a 'rounded top', then a sharp rollover.

This current market move has played out perfectly according to their cycle analysis and call. Over the last month, the markets have chopped in the upper ranges. This was the perfect distribution/rounded top aspect of the cycle top as institutions sold into hyped up retail buyers.

Since last week, the selling started as the full downside of the cycle is now playing out. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.40, -1.82 (-1.32%). The Dow Jones Industrial Average is down 300 points in just the last two days.

Gareth Soloway
InTheMoneyStocks.com

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Transports Sink Lower

April 10, 2012 – Comments (0) | RELATED TICKERS: IYT , UNP , NSC

All of the leading transportation stocks are coming under early selling pressure. The iShares Dow Jones Transport Average (ETF) (NYSEARCA:IYT) is trading lower by 41.00 to $91.52 a share. Yesterday, the IYT sold off sharply lower; today the important sector ETF is continuing to fall at the start of the day. Short term traders should watch for intra-day support around the $91.00 and $90.50 levels. The daily chart of the IYT will have very good support around the $88.70 area which is the 200 day moving average.

Some leading transportation stocks that are selling off today include FedEx Corp (NYSE:FDX), Union Pacific Corp (NYSE:UNP), Norfolk Southern Corp (NYSE:NSC), and Delta Air Lines Inc (NYSE:DAL). Most of these leading transport stocks will usually bounce along with the IYT. Please remember, high energy prices can also adversely affect many of the leading transportation stocks.

Nicholas Santiago
InTheMoneyStocks.com

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Integrated Energy Has No Steam

April 10, 2012 – Comments (0) | RELATED TICKERS: XOM , CVX , COP

This morning, the leading integrated energy stocks are all declining to start the day. Chevron Corp (NYSE:CVX) is the largest energy stock in the Dow Jones Industrial Average (DJIA) which is a price cap weighted index. CVX stock is trading lower by 0.63 cents to 102.84 a share. Short term traders should watch for intra-day support around the $102.00 level.

Some other leading integrated energy stocks that are declining lower today include Exxom Mobil Corp (NYSE:XOM), ConocoPhillips (NYSE:COP), and BP plc (NYSE:BP). All of these leading stocks have sold off over the past week. These stocks are all nearing short term oversold levels and could be due for a short term bounce soon.

Nicholas Santiago
InTheMoneyStocks.com

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Markets Drop Sharply As Cycle Plays Out Perfectly

April 09, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL , AA

The markets are selling sharply today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $137.94, -1.84 (-1.32%). This drop is mostly a result of the Non Farm Payrolls data from Friday. It showed far less jobs created in the month of March. The markets were closed on Friday, thus the reaction today. In addition, the ugly Spanish bond auction last week has sent worries of further issues in Europe sky high.

This down turn in the markets is playing out perfectly. In analyzing the markets, we saw a change in psychology which would shift the markets first into sideways choppy action, followed by solid downside. The last few weeks have been just that with the drop beginning today. Members received short alerts and are profiting.  [more]

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The Greenback Effect

April 09, 2012 – Comments (0) | RELATED TICKERS: FCX , BHP , RIO

Every trader and investor in the world should be following the U.S. Dollar Index futures (DX-M2) once the major stock indexes open for trading in the United States. Often when the U.S. Dollar Index starts to decline and trade lower the major stock and commodity indexes will inflate and trade off of the lows. This morning, all of the major stock indexes are selling sharply lower in a broad based decline. In the past, the one way that the markets have shaved the intra-day loss has been to sell off the dollar. Today, the U.S. Dollar Index futures have dropped once the opening bell rang at 9:30 am EST. Can the U.S. Dollar Index decline enough today in order save these markets from a major sell off? The U.S. Dollar Index futures will have short term intra-day support around the $79.76 area.

Some of the leading stocks that will usually trade inverse to the U.S. Dollar Index futures include Freeport McMoRan Copper & Gold Inc (NYSE:FCX), BHP Billiton Ltd (NYSE:BHP), Rio Tinto plc (NYSE:RIO), and iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC). Traders should and must remember, if the U.S. Dollar Index starts to catch a bid higher these stocks are likely to come under further selling pressure throughout the day.

Nicholas Santiago
InTheMoneyStocks.com


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Gold Remains Brittle In The Near Term

April 09, 2012 – Comments (1) | RELATED TICKERS: GLD , AUY , NEM

This morning, most of the leading gold and gold mining indexes are trading higher to start the day. As you may know, the gold sector has been extremely weak since late February 2012. At that time, the highly popular SPDR Gold Shares (NYSE:GLD) were trading as high as $174.00 a share. Today, the GLD is trading higher by $1.62 to $159.92 a share. The daily chart of GLD still remains very weak as the price is trading below the daily chart 50, and 200 moving averages. This formation puts the GLD in a weak technical position. The next near term daily chart support area for the GLD will be around the $154.75, and $150.00 level. Short term traders can watch for intra-day resistance around the $160.00, and $160.60 levels.

Many of the leading gold mining stocks are also catching an early morning bid higher. Leading gold mining stocks such as Randgold Resources Ltd. (NASDAQ:GOLD), Goldcorp Inc. (NYSE:GG), Yamana Gold Inc. (NYSE:AUY), and Newmont Mining Corporation (NYSE:NEM) are all trading higher today. Please understand, while these stocks are trading higher at the start of the session the daily charts are still weak in the near term.

Nicholas Santiago
InTheMoneyStocks.com

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The Only Financial Stock That Matters

April 05, 2012 – Comments (0) | RELATED TICKERS: XLF , JPM , DB

In 2012, the financial stocks have lead the stock markets higher. Most of the leading stocks in the financial sector still remain in a daily uptrend. This is very evident when traders are viewing the Financial Select Sector SPDR (ETF) (NYSEARCA:XLF). The XLF is clearly trading above the 50, and 200 daily chart moving averages at this time. While the overall sector still remains strong there is just one leading stock in the financial sector that traders should follow, it is J.P. Morgan Chase & Co (NYSE:JPM). When this leading financial giant rallies the major stock indexes will usually follow. The opposite is true when JPM stock pulls back or sell off as the major stock indexes will decline. This morning, JPM stock is trading higher by 0.12 cents to $44.53 a share. The stock will have intra-day resistance around the $44.85 area.

Some of the other leading financial stocks that traders should follow include Goldman Sachs Group Inc (NYSE:GS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp (NYSE:BAC). While all of these stocks are important and can move markets it is JPM stock which is the leading financial stock at this time.

Nicholas Santiago
InTheMoneyStocks.com

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Coal Mining Stocks Still Look Cooked

April 05, 2012 – Comments (0) | RELATED TICKERS: KOL , BTU , ACI

This morning, many of the leading coal mining stocks are catching a small bid higher. This important sector has been very weak throughout 2012. The important coal sector is severely oversold in the near term, therefore, a short term bounce is very possible. Unfortunately, all of the leading stocks in the coal sector remain in a confirmed down trend. If a trader simply looks at a chart of the Market Vectors-Coal ETF (NYSEARCA:KOL) you can clearly see that the price is trading below the important 50, and 200 daily chart moving averages. This puts the KOL chart in a weak technical position. Today, the KOL is trading higher by 0.21 cents to $32.19 a share. Short term traders can watch for intra-day resistance around the $32.50 area.

Some leading coal stocks that are trading higher today include Peabody Energy Corporation (NYSE:BTU), Arch Coal Inc (NYSE:ACI), and Patriot Coal Corporation (NYSE:PCX). All of these stocks are oversold on the daily chart, therefore, a short term bounce is very possible. The longer term trend is down on all of these stocks and this tells us that multi-day bounces are likely to be sold.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

1

Casino Stocks Are Still Trading Like Chinese ADR's

April 04, 2012 – Comments (2) | RELATED TICKERS: WYNN , MCRI , LVS

This afternoon, all of the leading casino stocks are trading lower with the major stock market indexes. The leading casino stocks are still generating good revenue from the Macao market. Many traders are waiting to see if the casino stocks will start trading like a U.S. stock instead of trading like a Chinese ADR. A fair case can be made that the daily chart of Wynn Resorts Ltd (NASDAQ:WYNN) looks very similar to the chart of Baidu Inc (NASDAQ:BIDU). Both stock made a short term high around late March 2012 and have been pulling back since that time. Recently, Chinese economic data has pointed to a modest slowdown. Obviously, at some point in the future the Chinese central bank (People's Bank of China) will try and stimulate the economy again. Until that time, traders should trade the casino stocks just the same way you would trade the Chinese ADR's.

Some leading casino stocks that are pulling back today include Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Monarch Casino & Resort Inc (NASDAQ:MCRI). All of these stocks will generally follow WYNN stock which still remains the leading stock in the casino sector.

Nicholas Santiago
IntTheMoneyStocks.com

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Recs

1

Markets Flush As Prediction Nailed 100%

April 04, 2012 – Comments (1) | RELATED TICKERS: SPY , IBM , JPM

The markets are taking a pounding today as fears from Europe reemerge. Yields in Spain have spiked dramatically as a bond auction saw weak demand. Just yesterday, I wrote an article about the downside potential nailing this drop. This was a perfect prediction based on trend line analysis. In this article, I discussed how the markets kept breaking their 52 week highs by $0.50 on the SPDR S&P 500 ETF (NYSEARCA:SPY), then selling sharply. The downside target I gave was $139.50 - $139.75. That is exactly where the markets sold to today. Read the article here.

In addition to the nice sell off over the last two days, the markets are putting in a bigger top. This top is known as a rounded top and will lead to further downside. It truly amazes me how over the last two weeks the amateur retail investor has been suckered into this market. The media and the Federal Reserve has hyped this market to the point of insanity. Those buying at these levels will be just like those that bought in 1999-2000 and 2007.

The biggest losers on the day are International Business Machines Corp. (NYSE:IBM), JPMorgan Chase & Co. (NYSE:JPM) and Amazon.com, Inc. (NASDAQ:AMZN).

Gareth Soloway
InTheMoneyStocks.com
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Recs

0

Copper Looks Tarnished

April 04, 2012 – Comments (0) | RELATED TICKERS: JJC , FCX , SCCO

Copper is known to be a leading stock market indicator by many traders and investors. The highly used industrial metal will represent global growth when it trades higher. On the flip side, when copper declines it will usually tell investors that the economy is contracting or slowing down. Copper has lagged the major stock indexes since last year. This morning, the iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC) is trading lower by 0.96 cents to $49.02 a share. Short term traders can look for intra-day support around the $48.70 area.

Some leading copper stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), and Vale (ADR) (NYSE:VALE) are all coming under some selling pressure with the metal. Traders and investors should note that all of these leading stocks remain in a weak technical position on the daily charts.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

1

When The Greenback Pops The Rally Stops

April 03, 2012 – Comments (0) | RELATED TICKERS: TBT , PST , TLT

Nearly every trading day the U.S. Dollar Index futures (DX-M2) will pullback or decline when the index trades higher before the opening bell. As you may know, when the U.S. Dollar Index declines the major stock indexes will usually rally and trade higher. The opposite is true when the dollar rallies as the major stock will usually decline and trade lower. This afternoon, the U.S. Dollar Index surged higher after the FOMC minutes were released. Once the U.S. Dollar Index took off to the upside the major stock indexes sold off. Earlier today, the Dow Jones Industrial Average (DJIA) was trading as high as 13,265.00. This afternoon, the U.S. Dollar Index rallied higher by 0.70 cents to $79.65 per contract and the DJIA is now trading around 13,165.00. In essence, every trade is a trade on the dollar.

Many investors are now talking about the U.S. Dollar Index and higher bond yields. Bond yields on the 10 and 30 year U.S. Treasury Note both surged higher. This rally in the yields can be easily seen in the ProShares UltraShort 20+ Year Treasury ETF (NYSEARCA:TBT), and the ProShares UltraShort 7-10 Year Treasury ETF (NYSEARCA:PST). On the flip side, the iShares Barclays 20+ Yr Treas.Bond ETF (NYSEARCA:TLT) is trading lower by 1.60 percent. Gold and silver also turned lower today as the U.S. Dollar Index rallied higher. Traders and investors must always keep an eye on the U.S. Dollar Index chart.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Today: Master Analysis On The Stock Market

April 03, 2012 – Comments (0) | RELATED TICKERS: AAPL , AMZN , IBM

The markets are slowly selling off today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $141.15, -0.64 (-0.45%). This is coming on the heels of a solid rally yesterday, to start the week. The previous Monday also saw a rally as Ben Bernanke gave major hope for QE3.

The markets do have some intriguing symmetry to them. For instance, last Monday, the rally took out the previous SPY 52 week high by approximately $0.50. Yesterday, the SPY did the same thing again. Each time approximately $0.50 is added to the highs of the SPY, a fall occurs. Today, this is no different as the markets roll over. If the symmetry holds, this market should sell to $139.50-$139.75 on the SPY before getting any sort of significant bounce. Note the chart below.

Apple Inc.(NASDAQ:AAPL) continues to lead the market with a helping hand from Amazon.com, Inc. (NASDAQ:AMZN) and International Business Machines Corp. (NYSE:IBM). Specific weakness is being shown in the financial sector. JPMorgan Chase & Co. (NYSE:JPM) is trading at $45.30, -0.53 (-1.16%).

Gareth Soloway
InTheMoneyStocks.com

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Recs

0

Energy Stocks Retreat

April 03, 2012 – Comments (0) | RELATED TICKERS: XLE , CHK , DVN

All of the leading energy stocks are declining lower this morning. The popular and highly followed Energy Select Sector SPDR ETF (NYSEARCA:XLE) is trading lower by 0.37 cents to $72.05 a share. Short term traders should watch for intra-day support around the $71.50 and $71.00 levels.

Most of the leading energy stocks that are coming under early selling pressure include Exxon Mobil Corp (NYSE:XOM), Devon Energy Corp (NYSE:DVN), and Chesapeake Energy Corporation (NYSE:CHK). All of these stocks are weighing on the sector. The energy sector accounts for roughly 16.0 percent of the S&P 500 Index. Generally, the energy stocks will inflate or trade higher when the U.S. Dollar Index declines.

Nicholas Santiago
InTheMoneyStocks.com


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Recs

1

Railroad Stocks Head South Early

April 03, 2012 – Comments (0) | RELATED TICKERS: IYT , UNP , NSC

This morning, the important transportation index is trading slightly lower to start the day. The ishares Dow Jones Transportation ETF (NYSEARCA:IYT) is declining lower by 0.11 cents to $94.47 a share. Short term traders should watch for intra-day support around the $94.13 and $93.20 levels.

The railroad stocks are leading the decline in the transportation sector. Leading railroad stocks such as Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU), Norfolk Southern Corp (NYSE:NSC), and Canadian National Railway (NYSE:CNI) are all coming under early selling pressure. The railroad stock look to be the weakest area of the transportation sector today. If this sector turns around it could help lift the IYT into positive territory.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

2

Gasoline Stays Ignited

April 02, 2012 – Comments (1) | RELATED TICKERS: UGA , SUN , VLO

This afternoon, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by $1.12 to $58.28 a share. Last week, on Mach 23, 2012 the UGA made a new 52 week high at $58.63 a share. The current pattern on the daily chart of the UGA remains very strong at this time. The next major resistance levels on the daily chart will be around the $55.50, and $60.00 levels. Surprisingly, the major stock market indexes in the United States have not been adversely affected by the high price of gasoline. Lately, gasoline and the stock markets are trading higher together.

The average price of a gallon of unleaded gasoline at the pump in the U.S. is now $3.93. That number is up from $3.89 a gallon last week. The average price of gasoline in California is now $4.59 a gallon. We can only wonder when the high gas prices will start to have a negative effect on the U.S. economy and the ultimately the stock market.

Most oil refinery stocks will usually trade higher with stronger gasoline prices. Leading oil refinery stocks such as Sunoco Inc (NYSE:SUN), Tesoro Corp (NYSE:TSO), and Valero Energy Corp (NYSE:VLO) are all trading higher on the session.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

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Markets Hit 52 Week, But Appear Much Like Last Monday

April 02, 2012 – Comments (0) | RELATED TICKERS: SPY , AAPL

The SPDR S&P 500 ETF (NYSEARCA:SPY) is pushing through a double top from last week at $141.86, +1.14 (+0.81%). This is a new 52 week high, a level not seen since 2008 in the markets. Today was expected to be a standard float higher in the markets. This was based on the first day in the second quarter 2012. Generally, during a bull market, the first day of a new quarter will see some solid money flow into stocks

The move higher in the markets is being driven by the dollar. As the Dollar drops intra day, the markets move higher. This inverse relationship has been in play for years now. Last Monday, the markets had the same type rally on hot air from Ben Bernanke. They then sold off over the next two days to negate that move. It will be interesting to see if this happens again this week.

Apple Inc. (NASDAQ:AAPL) is leading the markets higher today, trading at $613.75, +14.20 (+2.37%). This stock is seeing new money flow as well, due to the new quarter. Watch the all time high of Apple as a major resistance point at $621.45.

Gareth Soloway
InTheMoneyStocks.com
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Energy Stocks Heat Up

April 02, 2012 – Comments (0) | RELATED TICKERS: XOM , CVX , COP

This morning, the leading energy stocks are catching a bid higher. The catalyst for the stronger energy market is once again the declining U.S. Dollar from the opening bell. Most of the leading energy stocks will inflate and trade higher when the U.S. Dollar Index declines during the trading session.

The most important energy stock in the stock market is Exxon Mobil Corp (NYSE:XOM). This stock is trading higher by 0.21 cents to $86.94 a share. Short term traders can watch for intra-day resistance around the $87.25 level. Should this leading energy stock decline lower from its current price there will be intra-day support around the $86.30 level.

Some other leading energy stocks that are trading higher this morning include Chevron Corp (NYSE:CVX), ConocoPhillips (NYSE:COP), and Hess Corp (NYSE:HES). All of these stocks should remain strong as long as the U.S. Dollar Index fades or declines throughout the day. Should the U.S. Dollar Index trade higher these leading energy stocks will likely pullback intra-day.

Nicholas Santiago
InTheMoneyStocks.com

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Metals Rally As Dollar Fades

April 02, 2012 – Comments (0) | RELATED TICKERS: AGQ , DGP , FCX

Generally, the leading industrial, and precious metal stocks will be the first equities to catch a bid when the U.S. Dollar Index declines intra-day. This morning, traders can easily see how the SPDR Gold Trust (ETF) (NYSEARCA:GLD), ProShares Ultra Silver (ETF) (NYSEARCA:AGQ), and the PowerShares DB Gold Double Long ETN (NYSEARCA:DGP) are all catching an early bid as the dollar retreats from the open. All of these trading vehicles will signal inflation in the stocks market and that is what will usually happen when the U.S. Dollar Index declines.   [more]

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