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April 2013

Recs

4

Smack-Down Central: Three Oil Stocks Ready Fall Hard

April 30, 2013 – Comments (0) | RELATED TICKERS: CVX , OXY

Oil companies have been on an impressive run of late. Money, annoyed at yields on bonds and returns on CD's and saving accounts has been rotating into the stock market. For the safer investors and hedge funds, dividend paying oil stocks have been a favorite. That may change soon.

The parabolic moves in stocks like Chevron Corporation (NYSE:CVX), Dominion Resources, Inc. (NYSE:D) and Occidental Petroleum Corporation (NYSE:OXY) are great examples. Both Chevron and Dominion Resources are at all time highs and threatening to shoot higher. A major pullback is looming for all three of these. Below I will list the master levels.

1. Chevron Corp. is approaching a major inflection point at $122.50. This represents a cycle high pivot on the stock before a probable significant pull back. The last cycle pivots occurred at $110 in 2011 and saw a pull back to $86. In 2012 it happened at $118 and saw a pull back to $94.00.

2. Dominion Resources has had an epic move straight up. Since early November 2012, the stock moved from $49.00 to a new all time high of $61.57. The master level here is $62.25. The pull back will likely be a 10% correction.

3. Occidental Petroleum had some poor news recently. However, in this market that matters little. The stock is surging higher and has just taken out its 2013 high today. The master level is a double top from 2012 at $92.50. This represents a highly overbought point and major inflection price.

Proprietary calculations mixed with beautiful trend line analysis give us amazing trades here. These oil stocks are ready for a smack-down.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Struggling Steel

April 30, 2013 – Comments (0) | RELATED TICKERS: NUE , STLD

This morning, many of the leading steel stocks are trading lower at the start of the trading session. One of the leading stocks in the sector is U.S. Steel Corp (NYSE:X). Today, X stock is trading lower by 0.46 cents to $17.05 a share. Short term traders should watch for intra-day support around the $16.60 level. The daily chart for X stock remains in a downtrend at this time. 

Some other leading steel stocks that are under selling pressure today include Steel Dynamics Inc (NASDAQ:STLD), ArcelorMittal (ADR) (NYSE:MT), and Nucor Corp (NYSE:NUE). All of these leading steel stocks remain in a downtrend on the daily charts. These stocks are very oversold so there could be short term bounces soon. Until these stocks can recapture the daily chart 50-day moving average all bounces are likely to be just dead cat bounces which are temporary. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

2

Check Out This Awesome Trend Line On Deere (DE)

April 29, 2013 – Comments (0) | RELATED TICKERS: DE , CAT

Deere & Company (NYSE:DE) is having a fantastic surge today as the stock market approaches its all time highs. The stock is trading at $89.29, +3.80 (4.44%). Deere and Caterpillar Inc. (NYSE:CAT) have been under pressure in 2013 because of slowing growth in China. Lately, they have recovered nicely. The key to the move in the Deere stock is the great trend line that is fast approaching. To find this trend line connect the recent pivot highs on the stock. Deere's stock price just tagged this line. This is an awesome resistance point on the stock.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Best Shorts: IBM Setup

April 29, 2013 – Comments (1) | RELATED TICKERS: IBM

International Business Machines Corp. (NYSE:IBM) has bounced a huge amount after taking a huge beating on earnings. The stock dropped from $207.15 to $187.58 after earnings were announced. Since the low on April 22nd, 2013, the stock has soared, hitting a high today of $198.16.

This vertical move higher is a retrace that is gathering irrational exuberance. I am looking to pull the trigger on a short around the $199.00 - $200.00 level. This snap back rally is inching towards the 61.8% Fibonacci Level as well as partially based off of short covering and continued buy the dip, buy anything mentality. Next market drop will see the weakest earnings players fall the quickest.

Gareth Soloway
InTheMoneyStocks.com  [more]

Recs

3

Why The Market May Go Higher: Simple Bubble Reason Revealed

April 25, 2013 – Comments (5) | RELATED TICKERS: SPY , IBM , MMM

The markets are trading near their all time highs and very likely will continue higher. Today, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $158.85, +0.95 (0.60%). The all time high reached a few weeks ago was $159.71. While the markets will go higher, it is important to recognize a growing bubble in equities. 

Right now, the S&P 500 P/E sits at around 15. This is high historically but not outlandish. While earnings this quarter have generally beat expectations, almost all big companies like International Business Machines Corp. (NYSE:IBM) and 3M Co (NYSE:MMM) have missed on revenue. This tells us that growth is slowing but cost cutting is helping earnings per share beat expectations.

So with growth slowing, how can the market keep going higher? The Federal Reserve has manipulated the yield curve so that there is nowhere else to go for any return on your money. With interest rates stuck at obscene low levels, investors feel they have no other choice than to put money into the stock market.

Is this a good reason to invest? Absolutely not. This is how bubbles are created and this is no different. If the markets break higher we could see another thousand points or more added to the Dow Jones Industrial Average before an epic collapse is signaled. Bubbles in history last a while, getting every average person into the market before the collapse. However, the risk of collapse is lurking each day should the right catalyst hit.

Gareth Soloway
InTheMoneyStocks.com  [more]

Recs

0

Market Surge: Before Apple Earnings And GDP

April 23, 2013 – Comments (0) | RELATED TICKERS: SPY , AAPL

The markets are roaring higher today ahead of Apple Inc. (NASDAQ:AAPL). This will be a big report for the whole technology sector. In addition, Friday morning Wall Street will get the GDP number. This will be the major economic report of the week. Since last Thursday's low, the markets have soared. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has jumped from $153.50 to a high today of $157.88.

This sharp up move sets up for a pivotal next few days. The two scenarios are as follows. Between Apple and the GDP numbers the markets breakout to new all time highs, or the markets collapse again, taking out the recent lows.

The major resistance levels to watch on the SPY are gap fill at $158.81 and the double top at $159.71. On the downside, the support levels are $153.50, $152.90 and $148.85.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Coal Stocks Struggle To Catch A Spark

April 23, 2013 – Comments (0) | RELATED TICKERS: KOL , BTU , WLT

One of the weakest sectors in the stock market has been the coal stocks. This important industry group has been declining since April 2011. At that time, the Market Vectors Coal ETF (NYSEARCA:KOL) traded as high as $51.87 a share. Today, the highly followed KOL is trading lower by 0.11 cents to $21.08 a share. KOL has declined by nearly 60.0 percent from its 2011 top. Short term traders must still recognize that this sector is still in a severe down trend on the charts. The KOL will have some daily chart support around the $20.00 level. Short term day traders can watch for intra-day support around the $20.95 level. 

Many traders and investors are looking for a bottom in this sector. This has been very difficult as many of the leading coal stocks continue to make new lows on a daily basis. Please understand, this sector is very oversold and short covering bounces will occur from time to time. This sector is very unfavorable due to the current domestic energy policies and a weakening Chinese economy. Demand for coal and coal products has certainly declined recently. 

Some leading coal stocks that most traders and investors follow include Peabody Energy Corporation
(NYSE:BTU), Arch Coal Inc (NYSE:ACI), Alpha Natural Resources Inc (NYSE:ANR), and Walter Energy Inc (NYSE:WLT). All of these leading coal stocks remain in a downtrend at this time. Sometimes when stock sectors decline so sharply it is better to wait for a confirmed reversal before trying to pick the low in the industry group. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

4

The Greatest Trading Market Ever

April 22, 2013 – Comments (1) | RELATED TICKERS: KO , XOM , CVX

Since the 2007 stock market top, many investors have left the stock market. This is very evident by simply looking at the extremely light trading volumes over the past several years. There are more and more equities in the stock market, but trading volume continues to decline. There have also been many signs of mutual fund outflows as the stock market has risen since March 2009. This tells us that many people that would have normally invested or traded in the stock market are no longer participating. 

There are many reasons why so many investors have left the stock market. The first reason is that many individuals lost their jobs in 2008 and now remain much more cautious. The second reason is due to the large stock market decline that occurred 2008 and early 2009, investors are simply afraid of losing money again. Next, there is the flash crash that took place on May 6, 2010. That flash crash stopped many investors right out of their positions as the highly followed Dow Jones Industrial Average (DJIA) declined over 1000.0 points before settling lower by 400.0 points on the trading session. There have also been many disturbing allegations against leading financial firms such as J.P. Morgan Chase & Co (NYSE:JPM), Goldman Sachs Group Inc (NYSE:GS), Bank of America Corp (NYSE:BAC), and others. The mom and pop investors are still very sour due to the MF Global bankruptcy. After all, former Goldman Sachs CEO turned N.J. Governor Jon Corzine was the CEO of MF Global at the time of the bankruptcy. There are also the endless protests such as the 'Occupy Wall Street' movement that casts a dark shadow on the investing public. These are just some of the problems that have left a bad taste in the individual investor. Who can blame the mom and pop investors for being sour on the stock market.

Many traders and investors have benefited from the recent stock market  action. Recently, the S&P 500 Index, and the Dow Jones Industrial Average have made new all time highs surpassing the 2007 top. Since the 2009 low, every stock market correction has been a buying opportunity. Even if you do not believe in the stock market because of all of the money printing by the central banks it has proved to be a solid money making opportunity. Anytime the stock markets decline the central banks pump more money into the system and stocks rally. The Federal Reserve (U.S. central bank) has pledged to keep interest rates extremely low until unemployable reaches 6.0 percent, that could be a very long time. Traders and investors that have learned to use charts can generally exit the stock market when it becomes overbought and re-enter when it becomes oversold. There are trading opportunities each and everyday in the stock market. Yet, the individuals in the public are not able to take advantage of the opportunities that occur nearly every single day. Get educated, learn the charts, and forget the news from the talking heads in the financial media. There are so many equities such as Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), SPDR S&P 500 Trust (NYSEARCA:SPY), Coca Cola Co (NYSE:KO), and others that have provided many opportunities over the years. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

2

Chart Analysis: Two Stocks Ready To Bounce

April 18, 2013 – Comments (0) | RELATED TICKERS: CAT , DE

While many stocks sit near 52 week highs and others sit near all time highs, some stocks have been crushed and trade near 52 week lows. Two of those stocks are Deere & Company (NYSE:DE) and Caterpillar Inc. (NYSE:CAT). Both had bottoming tails yesterday and are trading at 2013 lows. Note the stats below.

Deere & Company (NYSE:DE)
2013 High: $95.60
2013 Low: $81.58
Current Price: $$82.50
Bottoming Tail: 04/17/2013


Caterpillar Inc. (NYSE:CAT)
2013 High: $99.70
2013 Low: $80.10
Current Price $80.50
Bottoming Tail: 04/17/2013

Both stocks are very attractive at current levels after selling off sharply on global growth worries. Caterpillar has earnings on the morning of 04/22/2013. Current earnings expectations and even a small miss have been factored in on the stock. While not a long term buy level, it is likely that the current level represents a good area for an upside bias to the $85.00-$87.00. Deere has upside potential to $85.50.

Gareth Soloway
InTheMoneyStocks.com
   [more]

Recs

0

Mining Equipment Stocks Nearing Oversold Levels

April 18, 2013 – Comments (0) | RELATED TICKERS: JOY , DE , CAT

This morning, the leading mining equipment stocks are trading lower again. This important sector has been very weak on charts since topping out in early January. One of the leading stocks in the mining equipment sector is Joy Global Inc (NYSE:JOY). Today, JOY stock is trading lower by 0.59 cents to $52.84 a share. Short term traders can watch for intra-day support around the $52.50, and $52.00 levels. The daily chart of JOY is signaling support around the $50.00 level.

Some other leading mining equipment stocks that remain weak at this time include Caterpillar Inc. (NYSE:CAT), Deere & Company (NYSE:DE), and Komatsu Ltd (ADR)(PINK:KMTUY). The recent decline in the gold, copper, and other precious and industrial metals has certainly hurt the mining equipment stocks. All of these leading stocks are nearing oversold conditions so short term technical bounces can occur at any time.

Nicholas Santiago
InTheMoneyStocks  [more]

Recs

1

Stocks Collapse: Key Levels, Targets & Proprietary Analysis

April 17, 2013 – Comments (1) | RELATED TICKERS: SPY , AAPL , GLD

The markets are reversing more than 100% of the bounce up yesterday. Yesterday was a bounce day following the biggest drop in the markets in five months. Technically speaking, this market is in trouble. Anytime the up day, sandwiched between two down days is just a retrace bounce, it is not good. In addition, the bounce yesterday had very light volume while both the fall on Monday and today has had heavy volume. This means institutions are dumping. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $154.91, -2.51 (-1.59%).

The big break down in the technology sector came on the back of Apple Inc. (NASDAQ:AAPL) which is trading at $402.32, -23.92 (-5.61%). The stock has just taken out the $419.00 level. This will send it to $395.00 and then eventually to $355.00. The $355.00 level will be a mega low support level and can be played as a mid term swing long.

Gold and silver miners continue to drop even though gold is bouncing slightly today. The sell pressure in this market is just too strong for the miners. The SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading at $134.08, +1.28 (0.96%) while stocks like Newmont Mining Corp (NYSE:NEM) are trading at $33.29, -0.49 (-1.45%). While extremely oversold, the miners will need a flat to positive gold price and stock market to get a technical bounce.

Stocks across the board are taking a beating today. Proprietary signals of confirmation classify the April 11th, 2013 high as a significant near term top in the market. 

Gareth Soloway
InTheMoneyStocks  [more]

Recs

0

Barrick Gold Struggles: Key Level Revealed

April 16, 2013 – Comments (0) | RELATED TICKERS: ABX , GLD

Barrick Gold Struggles: Key Level Revealed  [more]

Recs

0

Natural Gas Stocks Running out Of Steam

April 16, 2013 – Comments (0) | RELATED TICKERS: CHK , DVN , SWN

This morning, many of the leading natural gas stocks have faded from their highs at the start of the trading session. One of the leading stocks in the sector is Devon Energy Corp (NYSE:DVN). Today DVN stock is trading higher by 0.48 cents to $53.58 a share. This stock traded as high as $54.16 a share after the opening bell rang at the New York Stock Exchange. Short term traders can watch for some intra-day support around the $53.00, and $52.00 levels. This stock is now trading below the important 50-day moving average on the daily chart so the stock remains in a vulnerable technical position. Swing traders should note that there will be some daily chart support around the $51.00 area. 

Some other leading natural gas stocks that traders should follow include Southwestern Energy Co. (NYSE:SWN), Chesapeake Energy Corporation (NYSE:CHK), Clean Energy Fuels Corp. (NASDAQ:CLNE), and Cheniere Energy, Inc. (NYSE:LNG). All of these stocks will often be affected by the price action in the natural gas futures. Today, natural gas for May delivery is trading higher by 0.3 cents to $4.14 per thermal unit. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Funds Will Go Under On Gold/Silver Crash: Buy Gold Now?

April 15, 2013 – Comments (5) | RELATED TICKERS: GLD , NEM , RGLD

While I have predicted a move to $1,200-$1,300 on gold, many hedge funds have been buying this metal constantly. With the leverage these funds utilize, mass losses and redemptions may drive many out of business.

I like gold down here now for a short term bounce. I am in the SPDR Gold Trust (ETF) (NYSEARCA:GLD) and looking for a multi day bounce. In addition, the gold miners are looking extremely attractive at current levels. This is a final flush and likely a great buying opportunity. Look at players like Newmont Mining Corp(NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX) and Royal Gold, Inc USA) (NASDAQ:RGLD).

The low of the day on the GLD happened around 11:10AM ET. Note the massive volume. This is called capitulation or the final flush. Also, an interesting factor is that the gold miners never made lower lows at this point from earlier in the morning.

As the market starts selling harder, gold has also seen a bounce. Note the turn back towards the commodity as the market money exits.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Is The Roof Falling In On The Housing Stocks?

April 15, 2013 – Comments (0) | RELATED TICKERS: TOL , LEN , KBH

This morning, many of the leading home-builder stocks are selling off at the start of the trading day. Earlier, the NAHB's monthly confidence index signaled a decline in home-builder confidence. This was the third consecutive decline in this number. The home-builder stocks were one of the top industry groups in 2012. So far this important and leading stocks sector has been range bound on the charts in 2013. 

One of the leading home-builder stocks that traders should follow is Toll Brothers Inc (NYSE:TOL). This company builds high end homes for affluent customers. Today, TOL stock is trading lower by 0.98 cents to $32.06 a share. Short term traders should watch for intra-day support around the $31.70, and $31.00 levels. The daily chart for TOL will have near term support around the $30.00 area.

Some of the leading home-builder stocks that are falling lower today include Lennar Corp (NYSE:LEN, KB Home (NYSE:KBH), DR Horton Inc (NYSE:DHI), and Hovnanian Enterprises Inc (NYSE:HOV). Traders and investors must remember that the Federal Reserve has been buying $45 billion a month worth of mortgage backed securities to help prop up the housing market. Many private equity firms have been buying single family homes from the banks over the past couple of years. These private equity firms turn these properties into rentals to satisfy the hot rental market. All of these actions could have been distorting the housing market condition. If these actions by the bankers start to fail it could spell trouble ahead for the economy which is dependent on the recent housing recovery. 

Nicholas Santiago
IntheMoneyStocks.com
  [more]

Recs

5

Are We Seeing A Blow Off Top?

April 11, 2013 – Comments (1) | RELATED TICKERS: SPY , DIA , SDS

What Is A Blow Off Top?

A blow off top is known as a parabolic move on a stock or index. It happens at the highs of a chart and usually coincides with massive short covering and buying from the retail investor. As this flurry of buying comes in, institutions usually sell into it, distributing shares.

This is usually the final straw as the last little investor jumps in, covers and goes bullish. It is usually a top because following the last bulls jumping in, there is no one left to buy. The only thing left is institutional selling.

The parabolic nature of the market in the last few days is very likely the start of a blow off top. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has jumped $6.00 from its lows last Friday. That is an insane vertical move.

Is The Top In?

With the Dow Jones Industrial Average trading below 15,000, the top is likely not in. The most probable scenario will be for a move through 15,000, then the top is put in. Following a blow off top, the usual correction is 10%.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

4

Master Levels: Where Key Stocks Will Bounce/Pullback

April 10, 2013 – Comments (2) | RELATED TICKERS: GOOGL , JPM

The markets have shot higher over the last few days. From Friday's lows, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has jumped a full $5.00. The markets have made new all time highs and a short squeeze appears to be on. However, many name brand stocks have not made new 52 week highs and are lagging the S&P 500. This may be a negative divergence and could warn of a coming pullback.

Goldman Sachs Group, Inc. (NYSE:GS) is a great example of a stock that is not even close to making new 52 week highs as the S&P 500 makes new all time highs. The stock has bounced hard off the recent lows but is running into major resistance at the $150.00 level. There should be a pullback at/around this level. The current price on Goldman is $149.31, +2.79 (1.90%).

Google Inc (NASDAQ:GOOG) is moving sharply higher today. The stock is trading at $791.53, +13.88 (1.78%). While a great pop, the stock has two major moving averages coming up. The 50 and the 20 moving averages will converge at a price of $801.00 in the next few days. Should the price on Google move into that level, a pull back should be expected.

Lastly, I wanted to cover the volatility index, the VOLATILITY S&P 500 (INDEXCBOE:VIX) is trading lower today, but not as low as one would expect considering the sharp move higher in equity prices. This is often a leading indicator of a pull back. Based on this factor, by Friday, the markets should see a small dip back down.

Gareth Soloway  [more]

Recs

4

Walmart Is Going To Be A Short: Great Level Revealed

April 09, 2013 – Comments (0) | RELATED TICKERS: WMT

Wal-Mart Stores, Inc. (NYSE:WMT) has just crossed the 52 week high level and made a new all time high. The current price is $77.91, +0.62 (0.80%). The level of $78.00-$79.00 represents a great shorting opportunity for many reasons, listed below.

1. Major trend line of resistance at $78.00-$79.00. Connect the high from 1999 to 2012. That trend line extends to a price of $78.00.

2. The stock is extremely extended on the daily, weekly and monthly charts.

3. February sales at Walmart were the worst in seven years according to an internal email.

4. Payroll tax hike will hit the Walmart consumer the most.

These are just the main reasons why the stock will pull back from the $78.00-79.00 range. 

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

1

Analysts Hate J.C. Penney: It Is A Buy!

April 09, 2013 – Comments (1) | RELATED TICKERS: JCP

J.C. Penney Company, Inc. (NYSE:JCP) is getting smoked today. The stock is trading at $14.21, -1.66 (-10.46%) after hitting a new 52 week low at $13.90 earlier. This massive decline is coming on the back of the company getting rid of CEO Ron Johnson. While this was initially cheered, the replacement caused fresh horror. The new CEO of J.C. Penney is Myron Ullman. He was the CEO prior to Ron Johnson.

The reason for the selling is lack of fresh blood. This company which is not far from possible bankruptcy is going back to the old school which is partly what got the company in this mess to begin with. The selling is heavy.

Why is JCP a buy?

The stock is nearing its 2009 low of $13.71. This is a technical double bottom and major support level. In addition, volume today will reach a record high. It is already over 55 million at lunch time. This spells possible capitulation, or a final flush out prior to a longer term bottom. Lastly, anytime analysts are overly bearish on a market or stock, the bottom is usually in and reversal is near. This is now the case on JCP.

Gareth Soloway
InTheMoneyStocks.com  [more]

Recs

3

China Worries: Caterpillar (CAT) And Deere (DE) Show Truth

April 08, 2013 – Comments (0) | RELATED TICKERS: CAT , DE

China has a reputation for making economic numbers up as they go along. This reputation and action by the government has filtered all the way down into their smaller companies. In recent years, many Chinese small cap stocks have been found be frauds.  [more]

Recs

0

Have The Biotech Stocks Topped Out?

April 08, 2013 – Comments (1) | RELATED TICKERS: BBH , XBI

The biotech stocks have the been one of the leading stocks sectors throughout 2012 and 2013. The Market Vectors Biotech ETF (NYSEARCA:BBH) has rallied higher by more than $36.00 since August 10, 2011. Today, the BBH is trading lower by 0.41 cents to $64.32 a share. The BBH looks very overbought and extended on the daily and weekly charts. This tells us that a pullback should be expected as it is very overdue. Short term traders should watch for intra-day support on the BBH around the $63.70, and $62.30 levels. The daily chart will likely have support around the $60.00 area.

Some other biotech ETF's that traders can follow include the SPDR S&P Biotech (ETF) (NYSEARCA:XBI), and the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB). Some of the leading biotech stocks that make up a large part of these ETF's include Amgen Inc (NASDAQ:AMGN), Celgene Corporation (NASDAQ:CELG), and Biogen Idec Inc (NASDAQ:BIIB). All of these stocks have traded very similar chart patterns to the biotech ETF's so they are very susceptible to pullbacks at this time. 

Nicholas Santiago
InTheMoneyStocks.com  [more]

Recs

2

Are The Coal Stocks Catching A Spark

April 05, 2013 – Comments (1) | RELATED TICKERS: WLT , BTU , ANR

This morning, the major stock indexes are coming under some selling pressure. Traders and investors seem to be selling most leading stock sectors, however the coal sector is actually bucking the trend today by trading higher on the session. One of the leading coal stocks that are showing strength today is Peabody Energy Corp (NYSE:BTU). Today, BTU is trading higher by 0.32 cents to $20.09 per share. Short term traders should watch for intra-day resistance around the $20.21, and $20.64 levels. The daily chart for BTU is still in a down trend by trading below the important 50, and 200-day moving averages. 

Some other leading coal related equities that are trading higher today include Arch Coal Inc (NYSE:ACI), Alpha Natural Resources, Inc. (NYSE:ANR), Walter Energy Inc. (NYSE:WLT), and James River Coal Company (NASDAQ:JRCC). All of these stocks remain weak on the charts at this time. They are all very oversold so traders should continue to look for bounces in this sector. Should the major stock indexes trade off of the lows the coal stocks could see further upside throughout the day. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

2

Inability For Markets To Rally Higher Is A Bad Sign

April 04, 2013 – Comments (0) | RELATED TICKERS: SPY , AMZN , SDS

The markets are getting a small bounce today, but trading well off their highs. In addition, the S&P 500 is not even close to negating the large drop from yesterday. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $155.57, +0.42 (0.27%). The volatility index, the iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) is trading at $20.66, +0.27 (1.32%). Usually, when the markets are up, this is down. The fact that it is rising, speaks volumes ahead of the Non Farm Payrolls Report tomorrow. Something is lurking, be on alert.

Gareth Soloway
InTheMoneyStocks,com
  [more]

Recs

0

Internet Security Stocks Continue To Show Strength

April 04, 2013 – Comments (0) | RELATED TICKERS: SYMC , VRSN , QIHU

Many of the internet security stocks are still holding up well on the charts. This important and leading industry group has been in demand as cyber attacks and theft have continually increased each and every year. Mobile crimes are also on the rise and this industry group is likely to see more demand for its security products in the future. 

One of the strongest internet security stocks that continue to form bullish consolidation on the charts is Symantec Corp (NASDAQ:SYMC). Today, SYMC is trading lower by 0.06 cents to $24.38 a share. The stock will have a decent amount of intra-day support around the $24.20 level. Should the daily chart of SYMC continue to trade sideways for couple of more weeks this stock will be a potential breakout candidate. 

Some other leading internet security stocks that are also holding up well on the daily charts at this time include Verisign Inc (NASDAQ:VRSN), Sourcefire Inc (NASDAQ:FIRE), and Qihoo 360 Technology Co. Ltd (NASDAQ:QIHU). All of these stocks mentioned may not trade the same way so traders will have to view each chart individually. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Isolating A Stock Market Correction: Watch For This

April 03, 2013 – Comments (3) | RELATED TICKERS: SPY , JPM

Stocks are trading lower today. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $155.95, -0.87 (-0.55%). Over the last ten days, the markets have not had two up days in a row nor two down days in a row. This up and down action has kept the markets mostly floating sideways with small pops to make new closing highs on the S&P 500.

How To Recognize When A Drop In The Market Is Coming?

The key here is super simple. Look for two consequetive down days in a row. The only catch is the second day down must close below the lows of the first day. If this happens, further downside is likely in the coming weeks.

Price action today is very bearish with the financial stocks leading. JPMorgan Chase & Co. (NYSE:JPM) is taking a beating, trading at $47.03, -0.95 (-1.98%).   [more]

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Airlines Stocks Come In For A Landing

April 02, 2013 – Comments (0) | RELATED TICKERS: UAL , DAL , LCC

One of the strongest stock market sectors in 2013 has been the airline stocks. This industry group has significantly benefited from consolidation between the leading legacy carriers. Delta Air Lines Inc (NYSE:DAL) merged with Northwest Airlines to create a giant carrier. United Airlines and Continental Airlines merged with each other to form United Continental Holdings Inc (NYSE:UAL). This is now another massive airline carrier. Recently, U.S. Airways Group Inc received approval to merge with bankrupt American Airlines Inc to form the world's largest airline. This consolidation in the industry group removed much of the competition that was created in the 1980's deregulation. Back then many investors said there would one day be only three large airlines and that thought has now become a reality.

This industry group has been very overbought and extended recently so a pullback is actually due for this airline stocks. Today, UAL stock is trading lower by $1.41 to $29.55 a share. Short term traders should watch for intra-day support around the $29.05 level. The daily chart for UAL stock will have support around the $27.00 level. 

Some other leading airline stocks that are declining lower today include US Airways Group, Inc. (NYSE:LCC), Delta Air Lines, Inc. (NYSE:DAL), Alaska Air Group, Inc. (NYSE:ALK), and Southwest Airlines Co. (NYSE:LUV). All of these airline stocks will also be affected by the price of fuel which is one of the largest expenses for the airlines companies. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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