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inthemoneystock (< 20)

April 2014

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3-D Printing Stocks Put In Pivot Low: Buy Entry Tempting

April 30, 2014 – Comments (1) | RELATED TICKERS: DDD , XONE , VJET

Everyone loved the 3-D printing stocks when they were at their all time highs (just months ago). Now, everyone hates them when they are at their 52 week lows. I am a contrary trader, and anytime it is a hated sector, I take a closer look and usually buy.  3-D printing stocks have put in a near term bottom according to the charts and price action. After ugly earnings from 3D Systems Corporation (NYSE:DDD) yesterday morning, the stock reversed a majority of the steep losses and is jumping higher today. 3D Systems Corporation is likely setting up for a bigger bounce in the coming weeks.  [more]

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The Fed To Speak: What They Will Say & How The Markets Will React...

April 29, 2014 – Comments (0)

The Federal Reserve will release their policy statement tomorrow at 2PM ET. The big question is, what will they say and how will the markets react? Over the last few days, the markets have rallied higher on hopes that the Federal Reserve will take a more dovish position on cutting quantitative easing. Below are the various options and how the markets will react.  [more]

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What's Wrong With The Retail Stocks Today?

April 29, 2014 – Comments (0) | RELATED TICKERS: RTH , TGT , HD

This morning, many of the leading retail stocks are trading flat to slightly lower despite the rally in the major stock indexes. Leading retail equities such as Dollar Tree, Inc. (DLTR), Target Corp. (TGT), The Home Depot, Inc. (HD), and Bed Bath & Beyond Inc. (BBBY) are all trading lower on the trading session. It is important to note that the U.S. consumer accounts for roughly 70.0 percent of the gross domestic product (GDP) in the United States. The U.S. consumer has recently been hurt by high oil, and gasoline prices which act as a direct tax on consumer spending.

Traders and investors that want to track the entire retail sector can follow the Market Vectors Retail ETF (RTH). Today, the RTH is trading lower by 0.13 cents to $58.47 a share. Traders should note that the RTH has near term daily chart support around the $57.00, and $55.25 levels.    [more]

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For Whom The Bell Tolls (NYSE:TOL)

April 29, 2014 – Comments (1) | RELATED TICKERS: TOL

The Housing stocks were the hottest place to invest from 2002 until 2007. What most investors don't realize is that housing stocks topped out in July 2005 and even with the record Bull run of the past 5 years have not come close to those all time highs. When a sector goes parabolic and crashes like housing did, it takes a long time for investors to want to return to that area of the market again.  [more]

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Great Buy Level on Amazon.com, Inc. Emerging

April 28, 2014 – Comments (1) | RELATED TICKERS: AMZN

Amazon.com, Inc. (NASDAQ:AMZN) is tanking lower again, trading at $289.00 -14.83 (-4.88%). Just last Thursday, after the market closed, Amazon reported earnings that missed estimates. Their margins shrunk again as well. Investors ran for cover. While a lot of panic is being seen in Amazon, it is inching near a buy level. If you analyze the chart, there is a key level at $280.00. This level represents major support and a near term swing trading opportunity.  [more]

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Casino Stocks Follow The China Markets

April 28, 2014 – Comments (0) | RELATED TICKERS: MGM , WYNN , LVS

Most of the leading casino stocks are declining at the start of today's trading session despite the mild rally in the U.S. stock market indexes. It seems that the leading casino stocks are following the important Shanghai Composite Index (Chinese stock market index) very closely at this time. Last night, the highly followed Shanghai Composite Index declined lower by 1.62 percent. You see, much of the revenue that the casino operators generate comes from Macau, China. It is safe to say that the Macau region has become the new Las Vegas of the East. Every decline in the Chinese stock market is likely to affect the price action in many of the casino stocks that have a presence in that area. 

Some of the leading stocks that operate in the United States and in Macau, China include Wynn Resorts Ltd. (WYNN), Las Vegas Sands Corp. (LVS), Melco Crown Entertainment Limited (MPEL), and MGM Resorts International (MGM). Today, all of these leading casino stocks are trading sharply lower on the session. Traders should watch and follow WYNN stock very closely due to the stock being the leader in the industry group. WYNN stock will have near term daily chart support around the $188.50 level.   [more]

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Pro Insight Into The Stock Market Action Today

April 24, 2014 – Comments (0) | RELATED TICKERS: QCOM , FB , AAPL

Euphoria swelled amongst investors, the media and analysts following earnings reports from Facebook Inc (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL). The markets spiked dramatically after hours yesterday and continued higher this morning. It looked to be a huge up day in the making. Could the markets make new all-time highs? Hope were high until the markets opened.  [more]

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Home-builder Stocks Bounce, But The Foundation Remains Weak

April 24, 2014 – Comments (0) | RELATED TICKERS: ITB

This morning, most of the leading home-builder stocks are rallying higher on the session. Leading home-builder stocks such as Toll Brothers Inc (TOL), Lennar Corp. (LEN), and DR Horton Inc (DHI) are all catching a bid today. Now, it is important to note that this important industry group is somewhat oversold on the daily chart, so bounces will occur. Unfortunately, the sector still remains in a weak technical position by trading below the important 50-day moving average. As long as the price of the daily chart remains below this key moving average then these leading home-builder stocks remain vulnerable to further declines over the next few months.  [more]

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InterCloud Systems: A Stock I Have My Eye On...But Did Not Buy Yet

April 23, 2014 – Comments (0) | RELATED TICKERS: ICLD

InterCloud Systems Inc (NASDAQ:ICLD) is a small company in a big sector. The sector is telecom and cloud based services. This is a growth stock which has shown great energy through aquisitions. Over the last year it has started to reap the rewards. While the latest quarter showed a loss, not nearly what investors were expecting, it is important to remember that any stock which is buying companies, will ultimately take a hit as they incorporate those businesses into their own. The key is, when the dust settles do they show solid growth. That is what we are waiting to see on InterCloud Systems.  [more]

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How Low Can It Go?

April 23, 2014 – Comments (0) | RELATED TICKERS: LOW , HD

This morning, the leading home improvement retailer Lowes Cos Inc (LOW) is coming under some selling pressure. The stock is trading lower by 0.83 cents to $46.72 a share. Day traders can watch for solid intra-day support around the $46.31 level. This is an area which should be supported by the institutional money, therefore day traders can expect a bounce around this level. Home Depot is trading lower as well today. It seems that the home improvement retailers are declining after the new home sales report. The report showed that sales of new single-family homes in the United States fell to their worst level in eight months.   [more]

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Oil Stocks Reach Max Move Upside Limits: Shorting Made Simple

April 22, 2014 – Comments (0) | RELATED TICKERS: CVX , COP , XOM

Exxon Mobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP) and Chevron Corporation (NYSE:CVX) have all rallied for multiple months. Why has this rally taken place and is there an opportunity to short them for their coming dip? The answer is yes, money can be made shorting these plays in this range. All three of these stocks are into resistance and have maxed themselves out in the near term. In fact, with an up market today, you can see they are all trading slightly lower. This shows relative weakness and tells us that any drop in the market will see these stocks dip heavily.  [more]

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VIX Super Spike On The Horizon

April 21, 2014 – Comments (1)

Complacent markets have often led to major panic selling and significant spikes in the well known Volatility Index known as the VIX. Recent euphoria has been tempered by geo political events, such as the Ukrainian Crisis. But markets around the world continue to be bought on any dip. So far this year any spike in the VIX has quickly been faded, and the S&P 500 is only thirty three points away from the all-time highs.  [more]

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KLAC Gets Clocked, Watch This Level

April 16, 2014 – Comments (0) | RELATED TICKERS: KLAC , LRCX , AMAT

This morning, the leading semiconductor equipment makers are selling off at the start of the trading session. Some of the leading semiconductor equipment makers that are coming under early pressure include KLA-Tencor Corp (KLAC), Applied Materials Inc (AMAT), and Lam Research Corp (LRCX). These stocks are certainly being affected by the Intel Corp (INTC) earnings report which obviously stated a lack of new research and development spending. Short term day traders can watch for intra-day chart support for KLAC stock around the $62.50 level. This is an area where the stock could stage a decent intra-day bounce. Today, KLAC stock is trading lower by $1.32 to $62.84 a share.  [more]

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Being Steve Wynn

April 15, 2014 – Comments (0)

Trading has often been compared to a Casino and for good reason. Most investors throw their money in the market without any real thought or plan. Might as well go to Vegas, at least you'll get free drinks. The best Traders in the world are only concerned about Risk/Reward and putting the odds in their favor. They are also not worried about being right on every trade as newer Traders are. Here's an example of two different Traders and their last 10 Trades. Which one would you rather be?  [more]

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Small Biotech Out Of Favor But Smart Buys Can Pay Off

April 15, 2014 – Comments (0) | RELATED TICKERS: ROSG , OXGN

The deep freeze has taken over small cap land. It has been a long time since small caps were out of vogue but the time has come. As the great rotation of capital shifts from high risk stocks to low risk, high dividend payers, many think the end has come for any investments in small caps. I am here to say that is not true. Over the past year, you could have closed your eyes and thrown a dart at a small cap and made a lot of money. Those times have changed, however there is still money to be made.

You must now start analyzing the charts and buy at the key levels. For example, on no news, Rosetta Genomics Ltd. (NASDAQ:ROSG) has fallen from over $6.50 to $3.45. This monster drop is now crossing the 200 moving average and heading to gap fill at $3.20. This $3.20 level will be where the stock price has been cut in half as well as major support. At this discount, the stock becomes extremely attractive to tuck away a small position.

Another biotech stock approaching a key level is OXiGENE Inc (NASDAQ:OXGN). Good news drove it to $5.40, however the risk adverse market has taken it down to $2.59. There is a key gap fill at $2.43 that offers a very intriguing risk to reward opportunity.

Always remember small cap stocks are very high risk. Most likely the way to trade these plays is to be in, get a solid bounce and take profits. Take the seven day free trial to the Research Center and profit with the pros. Get swing trade alerts, proprietary market signals, a master level calculator and daily videos. Join today and profit for life.

Gareth Soloway
InTheMoneyStocks.com
  [more]

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Sayonara Japanese Stocks

April 15, 2014 – Comments (0) | RELATED TICKERS: SNE , TM , CAJ

Most of the leading Japanese ADR's (American Depository Receipts) have been coming under some severe selling pressure since the start of the 2014. What is the cause of the decline in the leading Japanese stocks since the Bank of Japan is printing more money than the Federal Reserve (central bank of the United States)? The reason the leading Japanese stocks are falling is because the Japanese Yen has strengthened despite all of the efforts by the Bank of Japan to try and dilute the currency. Traders and investors can easily look at a chart of the USD/JPY (U.S. Dollar vs Japanese Yen) and see how the currency pair has been making lower highs on the chart. This tells us that the Japanese Yen is strengthening and that is a huge negative for the leading Japanese stocks. You see, exports increase when a currency is kept artificially low. Unfortunately for Japan, the easy money policies worked very well in 2013, but they are not working in 2014 so far.

Some leading Japanese stocks that are highly affected by the stronger Japanese yen includes Toyota Motor Corporation (TM), Honda Motor Co., Ltd. (HMC), Sony Corporation (SNE), and Canon Inc. (CAJ). Believe it or not, it is not just the Japanese stocks that decline when the Japanese Yen strengthens, the U.S. stocks market indexes will also fall on the back of a stronger Japanese currency. This happens because the countless financial institutions are betting on a weak Japanese Yen, so when the Japanese Yen strengthens it actually removes liquidity from the financial system. Just look at the stock market when the USD/JPY chart declines, the major stock market indexes follow that currency pair very closely, sometimes tick for tick.      [more]

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Copper Drops Like A Rock

April 15, 2014 – Comments (0) | RELATED TICKERS: JJC

This morning, the important industrial metal copper is coming under some heavy distribution. Copper futures (HG-K14) are declining lower by  2.02 percent. Traders that follow the iPath DJ-UBS Copper TR Sub-Idx ETN (JJC) are seeing a decline of 1.62 percent. So regardless of which copper vehicle you follow it is a very bearish sign for copper. At this time, the copper futures weekly chart indicates a decline down to the $2.77 level, today copper futures are trading around $2.98. The highly followed and traded JJC is indicating a decline down to the $32.50 level before reaching any meaningful support.  [more]

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Commodities under pressure today. Should you care?

April 15, 2014 – Comments (1)

Economic data, especially from China has always been untrusted and questioned. That's why as traders or investors, when trying to assess the growth or contraction in one of the world's leading economies, we need to look no further than the charts. Charts cannot be manipulated and when read correctly can tell us much more than numbers released by governments.  [more]

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Railroad Stocks Slide, Is The Keystone Pipeline Coming?

April 10, 2014 – Comments (0) | RELATED TICKERS: CSX , KSU , UNP

This morning, the leading railroad stocks are declining lower again. Over the past five years the railroad stocks have been leading most of the transportation stocks higher in the United States. Lately, these stocks have been stalling out and are looking somewhat weak on the charts. The leading railroad stocks transport a lot of freight, oil, coal, gas, and other energy products. Should the Keystone XL pipeline open up and start delivering oil, and gas throughout North America it could hurt the profit margin for many of the leading railroad companies. 

Some of the leading rail road stocks that are declining today include Kansas City Southern (KSU), Norfolk Southern Corporation (NSC), Union Pacific Corporation (UNP), and CSX Corp (CSX). At this time, the weakest railroad stock is Kansas City Southern (KSU). This stock is trading below the important daily 200-day moving average. Anytime a stock is trading below this key moving average it is a sign of weakness for the stock. 

Some stocks that could benefit from an approval of the Keystone XL pipeline include TransCanada Corp (TRP), Suncor Energy Inc (SU), and Phillips 66 (PSX). 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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Snoozefest Float: Inside Look At My Trading (Present And Future)

April 09, 2014 – Comments (0)

The markets are floating higher with the technology sector leading the charge. The tech sector took the biggest beating of late thus obviously would get the biggest bounce percentage wise. I saw this a mile away, giving buy alerts on Pandora at $25.95 and LinkedIn at $158.35 and other stocks to members (while closing out our shorts for profits). We have closed out both P and LNKD for approximately 10% profit in just days. While I still hold one remaining long play, I am enjoying this slow float higher as it will lead to another shorting opportunity. I think this slow float higher on the S&P 500 over the last two days is very telling. It is a change in character. Most won't recognize it, but every bounce we have seen since January, has been sharp and vertical. This is not sharp at all. That tells me further downside is probably less than a week away. 

Gareth Soloway
InTheMoneyStocks.com
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Retail Stocks Under Pressure: TJX, WMT, KSS, SHLD

April 09, 2014 – Comments (0) | RELATED TICKERS: TJX , KSS , WMT

This morning, many of the leading retail stocks are coming under some early selling pressure. It is very important to follow the retail sector because it is usually a decent gauge for U.S. consumer spending. Remember, the spending by the U.S. consumer accounts for roughly 70.0 percent of the gross domestic product (GDP) in the United States. Today, the weak retail stocks are telling us that consumer spending is waning. 

Some of the leading retail stocks that are declining today include The TJX Companies, Inc. (NYSE:TJX), Wal-Mart Stores, Inc. (NYSE:WMT), Sears Holdings Corp (NASDAQ:SHLD), and Kohl's Corporation (NYSE:KSS). Short term day traders should watch for intra-day support on TJX stock around the $58.60 level. WMT stock should have decent intra-day support around the $70.00 level. Both of these stocks could see intra-day bounces from these levels. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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Why Chinese Player Baidu Inc Became A Market Leader

April 08, 2014 – Comments (0) | RELATED TICKERS: BIDU

Baidu Inc (NASDAQ:BIDU) is known as the Chinese Google. That comparison alone tells you this company is a powerhouse. The key thing to understand is that China has over 1.3 billion people while the United States has only 313 million. If Google has a valuation of $372 billion, why can't BIDU have a valuation 4X greater? Right now BIDU has a market cap of $53 billion. This is the mentality that has driven investors to buy this stock. Anyone betting on best of breed in China is betting on BIDU.

Having said that, considering the latest economic woes of China, my bet will be that investors can buy BIDU much cheaper than the current levels. $114 will be the first spot my toes dip into the buy BIDU water. The stock is currently sitting at $151.47 per share. Stocks are not so much a good gauge of reality, instead they gauge emotion. Euphoria and fear are the driving forces. With the stock market making a top in this vicinity, fear will soon take over and push a majority of stocks much lower. Cheers!

Gareth Soloway
InTheMoneyStocks.com  [more]

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Tech Rebounds: Easy Prediction As Members Profited - Did You?

April 08, 2014 – Comments (0) | RELATED TICKERS: NFLX

The technology sector is surging higher today. The NASDAQ is trading at 4,111.75, + 32.00 (0.78%). Yesterday, CNBC and other financial websites were spreading doom and gloom about the tech sector. This was just one of the signals that told me there was a bounce coming. Anytime doom and gloom or massive greed show themselves, the markets go in the opposite direction. This is the classic contrarian signal that works better than any technical signal out there.

Brushing aside the contrarian signal, any technician of the charts could see that many NASDAQ stocks like Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), Pandora Media Inc (NYSE:P) and Netflix, Inc. (NASDAQ:NFLX) were down over 20% each (in bear market territory) and into major support. Take a look at NetFlix. The stock was down from $458 per share to near $330 per share in just over a month. In addition, it filled a major gap and slammed into the 200 moving average. A blind man could have seen this bounce coming a mile away.  Today, Netflix is trading up close to 4% on the day.

All these tech stocks showed signs of exhaustion and were into major technical levels. While the bounce may be short lived, it is none-the-less an opportunity to profit. Pandora was purchased yesterday at $25.95, one day later (today) we sold it for a 10% gain. If you can see the levels and understand the charts you can make millions.

My expectations are for a multi day bounce leading to more heaving selling. The next round of selling will take the Dow and S&P stocks with the tech stocks.

Gareth Soloway
InTheMoneyStocks
  [more]

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Oil Refinery Stocks Have No Fuel In The Tank

April 08, 2014 – Comments (0) | RELATED TICKERS: PSX , MPC , VLO

The one important industry group that cannot seem to catch a bid today is the oil refinery stocks. Some of the leading stocks in the sector include Tesoro Corporation (NYSE:TSO), Phillips 66 (NYSE:PSX), Valero Energy Corporation (NYSE:VLO), and Marathon Petroleum Corp (NYSE:MPC). Most of the oil refinery stocks have struggled since mid-March. At this time, all of the leading stocks in the sector look to have more downside in the near term. 

One of the strongest oil refinery stocks at this time is Phillips 66 (NYSE:PSX). Even this morning, the stock is showing relative strength against its peers. Today, PSX stock is trading lower by just 0.30 cents to $77.63 a share. Traders should watch for some daily chart support around the $75.00 level. This is an area where the stock could see a bounce on the charts. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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Bio-tech Stocks Are Oversold, But They Haven’t Bottomed Yet

April 07, 2014 – Comments (0) | RELATED TICKERS: IBB , AMGN , GILD

One of the hottest stock sectors in 2013 was the bio-technology stocks. Leading bio-tech stocks such as Celgene Corp (CELG), Gilead Sciences Inc. (GILD), Vertex Pharmaceuticals Incorporated (VRTX), and Amgen Inc (AMGN) were some of the biggest winners last year. So far in 2014, this high growth industry group has been in correction mode. Many of the leading bio-tech stocks are now trading lower by 20.0 percent or more since the start of the new year. While it is safe to say that the bio-tech sector is severely oversold, this important industry group has not yet bottomed out. 

Traders and investors can expect minor bounces in the bio-tech stocks from current levels, but it is not a true bottom in the industry group just yet. Remember nothing in the stock market goes down or up in a straight line. One of the ways that traders and investors can play the entire bio-tech sector is to use and follow the iShares NASDAQ Biotechnology Index ETF (IBB). At this time, the IBB is signaling downside to the $202.00 level. This is an area where the institutional money will likely come back in and support the bio-tech stocks, until then the bounces in the sector are likely to be just small rallies from an oversold condition. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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AKAM Gets Slammed Watch This Intra-day Support Level

April 04, 2014 – Comments (0) | RELATED TICKERS: AKAM

This morning, the leading internet content delivery company Akamai Technologies Inc (NASDAQ:AKAM) is declining lower by $1.39 to $55.08 a share. The stock looks to be selling off along with other major NASDAQ 100 stocks. Day traders can watch for intra-day support around the $53.45 level. This is an area where the stock could have an intra-day bounce.  

Nicholas Santiago
IntheMoneyStocks.com

  [more]

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Classic Top Pattern For Qualcomm Inc

April 03, 2014 – Comments (0) | RELATED TICKERS: QCOM

After an extended move to the upside into major resistance, QUALCOMM, Inc. (NASDAQ:QCOM) is putting in a topping tail. A topping tail is a signal the stock is about to reverse to the downside.

Gareth Soloway
InTheMoneyStocks.com
  [more]

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Does The Non-Farm Payroll Report Really Matter?

April 03, 2014 – Comments (0)

Over the past five years, it is safe to say that the non-farm payroll report by the Bureau of Labor Statistics has not been all that important. There isn't a single person on earth that can make heads or tails about the number. Sometimes the unemployment level will decline simply because people fall off of the list. Then there is the birth-death ratio which hardly anyone understands. That ratio is a calculation that takes into account the net number of jobs provided from newly started businesses (births) and business closings (deaths) during a period of time, typically a month in conjunction with the government-sponsored jobs report. 

Are you confused yet? The bottom line is, do not make too much of any job report, instead, focus on the reaction in the stock market from the news. 

Over the years, the stock market will typically react positive to a strong headline job number. However, for that to happen, other important factors will have to occur. These days the major stock indexes move higher on the back of the stronger USD/JPY chart (U.S. Dollar vs the Japanese Yen). So it is safe to say that this carry trade is providing a lot of the liquidity for the major stock indexes in the United States, Europe, and Japan. In other words, if the USD/JPY chart declines it is safe to say that the major stock indexes will decline as well. Sure, a strong job number could be a temporary positive catalyst for stocks, but the liquidity in the system is really the driving force. 

The job number is also released on a Friday. If you have not noticed yet, there are very few big sell offs in the stock market on a Friday. Generally, the Friday trading session will finish flat to slightly positive. The Friday trading volume is usually very light and this creates very little selling pressure. Remember, if the economy is going to truly recover it will require consumer spending to take place. If the stock market were to plunge lower on a Friday, who would feel like spending a lot of money over the weekend? Remember, the weekend is when most people will travel, go to restaurant, or even do a project around the house. The central bankers that control the markets know this and will do their best to keep the markets buoyant on a Friday. After all, consumer spending accounts for roughly 70.0 percent of the gross domestic product (GDP) in the United States. 

Bottom line, never put too much into these reports and the numbers released. Instead, focus on the reaction of the markets and trade the charts as the charts will tell the real story.

Nick Santiago
InTheMoneyStocks.com
  [more]

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Market Analysis: Inside The Up & Down Swings

April 02, 2014 – Comments (0)

Stocks are trading flat today after a three day rally. The markets have been in a constant pattern of falling sharply for a few days, then a move takes place to the upside that briefly makes a new high on the S&P 500. Then another fall takes place. This is the classic signal of distribution (institutional selling). Large investors slowly selling the market as the average investor is buying. Based on this pattern, the markets should start to pull back in the next few days. A larger breakdown will occur when the S&P 500 takes out 1,835 level on a closing basis.

The pumping continues to keep the markets up. This comes from the Federal Reserve as well as large institutions. As the markets were falling late last week, word 'trickled' down that stimulus may be pumped into China, Japan and Europe. This helped the markets recover. Next, early this week Janet Yellen said the jobs market would continue to be weak, therefore the Federal Reserve would continue to pump money into the system for an 'extended' period of time. This 'pumping' of market sentiment creates the scam or 'rigged' markets that every investor should be aware of. While these big institutions sell into the small buyers, they are the ones spreading rumors to keep the market propped up. The Federal Reserve is either complicit in this pumping or totally oblivious. Make your own decision. This is the exact reason why average Americans do not want to invest any longer. They buy the highs before a major collapse and sell the lows before the markets run higher. The emotional rollercoaster is perpetuated by the 'big boys'. It is essentially a pump and dump on a monster scale.

Gareth Soloway
InTheMoneyStocks.com  [more]

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The Semiconductor Sector Is More Important Than Most Know

April 02, 2014 – Comments (0) | RELATED TICKERS: INTC , BRCM , QCOM

One of the most important industry groups that any trader or investor can follow is the semiconductor sector. This sector has usually led the NASDAQ Composite higher and lower throughout the years. Whenever the semiconductor sector has declined it has often been a precursor for a major NASDAQ correction. On the flip side, whenever the semiconductor sector has rallied and led the markets higher the NASDAQ Composite will generally experience nothing more than a minor pullback. While most traders and investors will follow the market leading stocks such as Google Inc (GOOG), Apple Inc (AAPL), Amazon .com Inc (AMZN), and Netflix Inc (NFLX), it is the semiconductors that are the real leadership group in the NASDAQ Composite. 

At this time, the semiconductor sector is still holding up relatively well on the charts. The Market Vectors Semiconductor ETF (SMH) remains above the important 50 and 200-day moving averages. This tells us that the trend remains up for the industry group, so there are no real problems with this important sector yet. Should the semiconductor sector  begin to come under some distribution or selling pressure then the picture for the NASDAQ Composite could change very quickly. 

Some of the leading semiconductor stocks that traders should follow include Sandisk Corp (SNDK), Intel Corp (INTC), Broadcom Corp (BRCM), and QUALCOMM Incorporated (QCOM). Traders that want to follow the entire sector can follow the Market Vectors Semiconductor ETF (SMH), or the PHLX Semiconductor Index. Remember, when the semiconductor starts to break down it is a very troublesome sign for the technology industry as a whole. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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An Alcoa Top: The Charts Say So

April 01, 2014 – Comments (0) | RELATED TICKERS: AA

Alcoa Inc (NYSE:AA) is the best performing Dow Jones Industrial Average stock of 2014. It has been a monster, hitting a new 52 week high today of $13.18. While this seems great, it may have put in a top today. After surging early in the day, the stock has reversed and gone negative. There is a possible topping tail on the daily chart and it is up 50% in the last six months. This has the makings of a top written all over it. A pull back to $11.00 is likely should the markets begin to sell in the coming weeks.

Gareth Soloway
InTheMoneyStocks.com  [more]

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