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inthemoneystock (< 20)

May 2012

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Divergences Appear: May Signal ECB Stimulus Coming Shortly

May 30, 2012 – Comments (3) | RELATED TICKERS: SPY , UUP , GLD

The market is showing positive divergences in two major areas. These areas signal stimulus and possible bank recapitalization from the European Union and the ECB. Ultimately, the markets are signaling something big on the horizon that could cause the market to pop sharply in the short run. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $131.96 -1.74 (-1.30%).

The first positive divergence has occurred between the S&P 500 and the Dollar. These usually trade inverse to each other but lately, the Dollar has soared to new 2012 highs, but the market has not made new lows. This signals a coming market push. The PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) 22.92 +0.12 (0.53%).

The second divergence is happening today. Gold opened sharply lower and has rallied back to the flat line. This is extremely unusual with the Dollar higher on the day and the markets lower. This tells us of stimulus on the horizon in Europe. The SPDR Gold Trust (ETF) (NYSEARCA:GLD) hit of low of $148.61 but is now trading at $151.31, +0.29 (0.19%). This is a huge reversal and speaks to a big factor coming on the horizon.

Ultimately, things are pointing to an announcement in the next week of bank bailouts in Europe and possible stimulus. This would cause a sharp 300 plus point rally in the Dow Jones Industrial Average.

Gareth Soloway
InTheMoneyStocks.com
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LCC Starts Higher

May 30, 2012 – Comments (3) | RELATED TICKERS: LCC , UAL , DAL

The Airline sector has rallied from weaker oil prices. Leading airline stocks such as U.S. Airways Group Inc. (NYSE:LCC) is trading higher by 9 cents to $12.78 a share; intraday resistance could be found around the $13.00 level.  [more]

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Base Metal Stocks Rally On Chinese Stimulus

May 29, 2012 – Comments (0) | RELATED TICKERS: BHP , RIO , CLF

The base metal stocks are rallying higher on the expectation of a Chinese Stimulus plan. Many of the base metal stocks including BHP Billiton Limited (ADR) (NYSE:BHP), Rio Tinto plc. (ADR) (NYSE:RIO), Cliffs Natural Resources Inc. (NYSE:CLF), and Southern Copper Corp (NYSE:SCCO) could see a potential rally over the next few days. BHP is trading higher by $2.31 to $64.12 a share; look for intra-day resistance around the $64.25, and the $65.05 levels.  [more]

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Intra-day Levels On COST & DLTR

May 24, 2012 – Comments (0) | RELATED TICKERS: DLTR , TJX , COST

Costco Wholesale Corporation (NASDAQ:COST), and Dollar Tree Inc. (NASDAQ:DLTR) are holding up the retail sector both of these stocks are trading higher by over 1%. Intra-day resistance on COST is around $85.00 and $85.50; DLTR is around the $100.75 and $101.28 levels. Some other retail stocks trading higher include Wal-Mart Stores Inc. (NYSE:WMT), The TJX Companies Inc. (NYSE:TJX), and Zumiez Inc. (NASDAQ:ZUMZ).  [more]

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First Solar Trades Up: Bottom May Be In

May 23, 2012 – Comments (0) | RELATED TICKERS: FSLR , TSL , SPWR

First Solar, Inc. is trading at an attractive valuation level ($13.72, +0.12 (0.90%), this is also a makes FSLR a possible buyout candidate. New tariff rules passed on Chinese solar companies makes First Solar one of the lowest cost solar producers on the market.  [more]

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JPMorgan Bounce Target

May 22, 2012 – Comments (0) | RELATED TICKERS: JPM

JPMorgan Chase & Co. (NYSE:JPM) is surging today, trading at $34.16, +1.65 (5.06%). The stock has been under major pressure lately from billions in losses. While the stock collapsed, the key was to find the support level where it would bottom, and bounce. This level was at two key gap fills between of $32.50 and $33.25. At this level, the stock became a screaming buy. I played it personally and am enjoying some solid profits.

As the stock bounces, it is important to isolate the short term target. When looking at the chart, the first target is clearly a retrace to the gap fill from May 16th, 2012 at $35.45. The second target would be a bounce back to the 200 moving average at $36.50.

Gareth Soloway
InTheMoneyStocks.com
(click to enlarge)  [more]

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Home-builders Stocks Raise The Roof

May 22, 2012 – Comments (0) | RELATED TICKERS: TOL

Toll Brothers Inc. (NYSE:TOL) is looking to have intra-day resistance at the $27.50 level. The stock is trading higher by 58 cents to 27.14 on the back of higher home sales.  [more]

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Facebook: Retail Investors The Losers As Institutions Smile

May 21, 2012 – Comments (0) | RELATED TICKERS: FB

Facebook Inc (NASDAQ:FB) is trading at $33.84, -4.39 (-11.49%). This is a classic kill the retail investor move IPO. This stock offering had the biggest retail investor participation in years if not ever. As the Facebook IPO was pumped, more and more regular investors clamored for shares. The institutions gladly obliged. The IPO opened and collapsed. As it fell, the retail investor panicked and started dumping shares at a 10% plus discount to the IPO price. This is what we have seen today. As it falls, institutions are smiling and accumulating the shares. The downside of the stock is $30.00 while the upside is $45.00. Essentially, the small investor is going to lose once again.  [more]

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Trade This Gold Level

May 21, 2012 – Comments (0) | RELATED TICKERS: AEM , AUY , GDX

GDX: Short term traders should watch for intra-day resistance around the $43.00, and $43.50 levels. Take note, the GDX is still trading below the important daily chart 50, and 200 moving averages, this technical position puts the important ETF in a weak technical position. All of the leading gold mining stocks are holding up very well on an intra-day basis. Most of the daily charts of the gold mining stocks are still very vulnerable to declines after this short term bounce concludes.   [more]

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Facebook Could Not Have Picked A Worse Time For An IPO

May 18, 2012 – Comments (0) | RELATED TICKERS: GRPN , FB , GOOGL

This is the day when Facebook (NASDAQ:FB) will debut for trading on the open market. Facebook is the most highly anticipated initial public offering (IPO) since Google Inc (NASDAQ:GOOG) came public on August 19, 2004. Facebook stock is being priced at $38.00 a share by the lead underwriters. The stock is expected to trade higher once it opens for trading around 11:00 am EST. The company is expected to be valued at about $100 billion dollars.

While many investors are very excited about the huge internet IPO, it could not be going public at a worse time. The major stock indexes have been declining sharply lower since May 1, 2012. Many traders are eagerly awaiting Greece to depart from the European Union. Most of the European stock indexes remain under heavy pressure as the credit rating agencies downgrade European banks and Euro-zone countries on a daily basis. Asian stock markets have also been under heavy selling pressure lately as the markets continue to deflate and trade lower. None of these important factors make for an ideal environment for the Facebook IPO.

If FB stock would have come public in early April 2012 when Apple Inc (NASDAQ:AAPL) was running to new highs this stock would have probably traded over $100.00 a share, however, that is not the case today. Many of the internet IPO's this year have been flops. Highly anticipated stocks such as  Groupon Inc (NASDAQ:GRPN), Pandora Media Inc (NYSE:P), Zynga Inc (NASDAQ:ZNGA) and FriendFinder Networks Inc (NASDAQ:FFN) are already trading below their IPO prices. One stock that has been very volatile is LinkedIn Corporation (NYSE:LNKD). This stock is trading above its IPO price and remains a very popular stock at this time.

Many investors are now wondering if Facebook will be a good stock a year from now. That is certainly anyone's guess. One fact that we all know, the company is the largest social network in the world. Is this social networking stuff just a fad? I'm sure we all remember the social network MySpace. That company was bought by News Corp (NASDAQ:NWSA) for $580 million in 2006. Recently, News Corp sold MySpace for roughly $35 million taking a huge loss on the company. Now let's understand, it was Facebook that put MySpace basically out of the public's eye. Either way, it will be fun to see the euphoria in the public, however, most seasoned traders will sit back and watch the show. Until this stock can be charted there is really not much that I will be doing with the Facebook stock.  

Nicholas Santiago
InTheMoneyStocks.com


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Lock And Load: Apple Will Bounce At This Level

May 17, 2012 – Comments (0) | RELATED TICKERS: AAPL , SPY , QQQ

Apple Inc. (NASDAQ:AAPL) is falling sharply again today. The once rocket ship stock is dropping quickly to earth. Apple is trading at $534.77, -11.30 (-2.07%). The media and analysts were pumping the stock when it was trading over $600.00 per share. Meanwhile, when Apple was $621.00 a share, I alerted the world to sell it and go short.

As Apple falls, institutions and analysts have asked me to tell them where the next bounce will occur. The chart below explains it beautifully. The level for an Apple bounce will be $520-$525. The stock will bounce 5% off of this level before resuming its downward track below $500.00.  [more]

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Oil Services Cling On To Minor Gains

May 17, 2012 – Comments (0) | RELATED TICKERS: RIG , BHI , HAL

This morning, all of the leading oil service stocks are holding on to some minor gains. This sector along with most other energy markets has been very weak since March 2012. Today, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by 0.20 cents to $36.16 a share. Short term day traders should watch for intra-day resistance around the $36.70, and $37.40 levels. This sector could be poised for a bounce if the major stock indexes can rally as the OIH is showing intra-day relative strength.

Some of the leading oil service stocks that are trading in positive territory today include Baker Hughes Inc (NYSE:BHI), Transocean LTD (NYSE:RIG), Diamond Offshore Drilling Inc (NYSE:DO), and Halliburton Company (NYSE:HAL). These stocks should be followed closely today as possible runners if the major stock indexes can catch a bid higher. If the major market indexes decline lower then traders should not expect these stocks to move much higher.

Nicholas Santiago
InTheMoneyStocks.com

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Agriculture Stocks Are Oversold, Here Is What You need To Know

May 17, 2012 – Comments (0) | RELATED TICKERS: POT , CF , AGU

Most of the leading agriculture stocks have been very weak over the past few weeks. This important sector will often trade very similar to the leading commodity stocks. Most of the leading agriculture stocks are now very oversold on the daily charts, however, as long as the major stock indexes are weak these stocks could decline further. CF Industries Holdings Inc (NYSE:CF) is considered to be one of the most important agriculture stocks in the market. This stock should have some short term intra-day support around the $156.90, and $155.00 levels.

Some of the leading agricultural stocks that are trading lower today include Monsanto Co. (NYSE:MON), Potash Corp Sask Inc (NYSE:POT), and Agrium Inc (NYSE:AGU). All traders should note that these stocks are very oversold. Should the U.S. Dollar Index sell off or pullback these stocks could catch an intra-day bid off of the lows. 

Nicholas Santiago
InTheMoneyStocks.com

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The Only Financial Stock That You Need To Follow

May 16, 2012 – Comments (0) | RELATED TICKERS: JPM , BAC , GS

J.P. Morgan Chase & Co (NYSE:JPM) is the most important financial stock that any trader can follow at this time. This stock has lead the major market indexes higher throughout the first three months of 2012 and now the same stock is leading the markets lower. JPM stock has come under some major scrutiny after reporting a $ 2 billion trading loss in its investment unit. The daily chart of JPM stock remains very weak as the stock has cut through the important daily chart 200 moving average. Short term traders should watch for intra-day support around the $35.00 level.

Some other leading financial stocks that should also be followed closely include Morgan Stanley (NYSE:MS), Bank of America Corp (NYSE:BAC), Goldman Sachs Group Inc (NYSE:GS), and Deutsche Bank AG (USA) (NYSE:DB). Generally, these stocks will trade in tandem with each other, however, from time to time they can trade independently. All traders should remember that JPM is still the most important stock in the financial sector. Until JPM stock can rally it would be prudent to expect the rest of the financial sector to be relatively weak in the near term.

Nicholas Santiago
InTheMoneyStocks.com

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Bounce For Profit: Metal Stocks Holding Major Supports

May 16, 2012 – Comments (0) | RELATED TICKERS: GG , SLW , GLD

The metal stocks continue to hold key support levels on their daily charts. Stocks like Goldcorp Inc. (USA) (NYSE:GG) and Silver Wheaton Corp. (USA) (NYSE:SLW) are into major support as shown in the chart below. These stocks have seen a dramatic decline in recent months as the Dollar has surged and gold and silver have fallen. The SPDR Gold Trust (ETF) (NYSEARCA:GLD)  hit a 52 week high in 2011 at $185.85. Today, the low was $148.98.

As scary as the charts look on the miners like Silver Wheaton and Goldcorp, a bounce is likely in this range. They are oversold and into major support.

Gareth Soloway
InTheMoneyStocks.com
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Bouce For Profit: Metal Stocks Holding Major Supports

May 16, 2012 – Comments (0) | RELATED TICKERS: GG , SLW , GLD

The metal stocks continue to hold key support levels on their daily charts. Stocks like Goldcorp Inc. (USA) (NYSE:GG) and Silver Wheaton Corp. (USA) (NYSE:SLW) are into major support as shown in the chart below. These stocks have seen a dramatic decline in recent months as the Dollar has surged and gold and silver have fallen. The SPDR Gold Trust (ETF) (NYSEARCA:GLD)  hit a 52 week high in 2011 at $185.85. Today, the low was $148.98.

As scary as the charts look on the miners like Silver Wheaton and Goldcorp, a bounce is likely in this range. They are oversold and into major support.

Gareth Soloway
InTheMoneyStocks.com
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Transports Finally Head North

May 16, 2012 – Comments (0) | RELATED TICKERS: IYT , FDX , CSX

Many of the leading transportation stocks are trading higher today. This leading sector has been extremely weak since May 3, 2012. Today, the important iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) is trading higher by $1.15 to $92.41 a share. Short term traders should watch for intra-day resistance around the $92.60, and $93.10 levels. This sector was very oversold in the short term with most other sectors and due for a bounce.

Some of the leading transportation stocks that are trading higher include FedEx Corporation (NYSE:FDX), CSX Corporation (NYSE:CSX),Kansas City Southern (NYSE:KSU), and Ryder System, Inc. (NYSE:R). Traders must now trade this sector one day at a time as it is likely to remain very volatile over the next few weeks.

Nicholas Santiago
InTheMoneyStocks.com

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Base Metals Catch An Early Bid

May 16, 2012 – Comments (0) | RELATED TICKERS: FCX , CLF , SCCO

This morning, all of the leading base and industrial metal stocks are catching a bid higher. It is important to note that this sector has been very weak since the start of the year. A case can be made that the leading base and industrial metal stocks have been weak since March 2011. One of the leading stocks in the sector is Freeport McMoRan Copper & Gold Inc (NYSE:FCX). This stock is very oversold on the daily chart and is really due for a short term bounce. Today, FCX stock is trading higher by $1.22 to $33.87 a share. Short term traders should watch for intra-day resistance around the $33.90, and $34.85 levels.

Some of the other leading base metal producers that are bouncing today include Southern Copper Corp
(NYSE:SCCO), Cliffs Natural Resources Inc (NYSE:CLF), and Vale (ADR) (NYSE:VALE). Please note, all of these stocks will generally trade inverse to the U.S. Dollar, therefore, it is very important to follow the U.S. Dollar index very closely.

Nicholas Santiago
InTheMoneyStocks.com

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The Dollar Breakout Brings Down Markets

May 15, 2012 – Comments (0) | RELATED TICKERS: UUP , NEM , CVX

By now everyone should know that when the U.S. Dollar Index is strong the major stock and commodity markets will deflate and trade lower. Most leading commodity stocks are falling sharply lower today as the U.S. Dollar Index futures surge higher. Traders can easily see how the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading higher by 0.17 cents to 22.51 a share.

This afternoon, most leading oil, mining, and coal stocks are trading sharply lower. Leading stocks such as Newmont Mining Corp (NYSE:NEM), Cliffs Natural Resources Inc (NYSE:CLF), and Chevron Corp (NYSE:CVX) are all coming under selling pressure. As I always say, every trade is a trade on the U.S. Dollar Index. Should the U.S. Dollar Index pullback from its intra-day high there could be an inflation bounce in the market, however, until that time the U.S. Dollar Index is very strong.

Nicholas Santiago
InTheMoneyStocks.com

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Interview: Market And Stock Comments From A Pro

May 15, 2012 – Comments (0) | RELATED TICKERS: DIA , BBRY , GLD

This is a question and answer interview with Chief Market Strategist Gareth Soloway of InTheMoneyStocks.com. He gives his insight and we profit from it during this trading session.

Q: What do you think of the stock market today? The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is trading at $127.26, +0.31 (0.24%).
A: The markets are doing their best to hold up. We are at a pivotal point where a down day could yield another major leg lower. Should the markets hold up, a bounce is likely for one week. Things are scary in Europe but the charts tell the truth and we must watch them closely today.

Q: Research In Motion Limited (USA) (NASDAQ:RIMM) continues to fall. Is it going out of business?
A: They have made some serious errors in the past, underestimating their competitors. I do not think they go out of business but the stock will go under $10.00 a share. At that level it becomes attractive as a buyout play. They still have some value and I would consider buying in that range.

Q: Gold continues to fall with many analysts talking about further downside. Do you agree?
A: Gold will head lower until the third quarter of 2012. However, in the near term I expect a bounce before the next dump. The SPDR Gold Trust (ETF) (NYSEARCA:GLD) has great support around the $150 level here. Today, their may be a reversal and bottoming tail forming for a quick long swing trade.
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Stock Market: Beware Today Dictates The Future

May 15, 2012 – Comments (1) | RELATED TICKERS: SPY , AMZN , AAPL

All the charts and calculations have shown today to be the day of all days. What does this mean? The market is at a major pivot point on this Tuesday, May 15th, 2012. If the market is able to hold up, investors would experience a one to two week neutral to higher move. If the markets break lower today, down side is likely until the SPDR S&P 500 ETF (NYSEARCA:SPY) hits $129.00. As of now, the markets are squeaking out a slight gain. The SPY is trading at $134.68 +0.55 (0.41%).

Today, technology is leading the upside charge with Amazon.com, Inc. (NASDAQ:AMZN) trading at $230.09, +7.16 (3.21%). Apple Inc. (NASDAQ:AAPL) is also trading nicely higher along with Google Inc (NASDAQ:GOOG). Financial stocks are also bouncing after a multi day slide.

The bottom line continues to be the close in the markets today. If the markets can hang on to the gains, look for further upside for about one week. If the gains are sold and the markets collapse into the end of the day, watch out below.

Gareth Soloway
inTheMoneyStocks.com
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Steel Sector Slumps

May 15, 2012 – Comments (0) | RELATED TICKERS: X , NUE , MT

The leading steel stocks have really struggled to catch a bid higher since mid-March 2012. Today, is really no exception for the important sector as most of the leading steel stocks continue to trade lower. U.S. Steel Corp (NYSE:X) is considered one of the leading stocks in the industry group. This leading stock is trading lower by 0.30 cents to $25.23 a share. Short term traders can watch for intra-day resistance around the $25.00, and $24.00 levels.

Some other leading steel stocks that are declining lower today include Nucor Corporation (NYSE:NUE), ArcelorMittal (ADR) (NYSE:MT), Steel Dynamics, Inc. (NASDAQ:STLD), and Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). All traders should remember that the steel sector will usually trade inversely to the U.S. Dollar. Today, the U.S. Dollar Index is trading sharply higher and this is certainly putting pressure on the sector.

Nicholas Santiago
InTheMoneyStocks.com

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Retail Stocks Signal Early Strength

May 15, 2012 – Comments (0) | RELATED TICKERS: RTH , TJX , JWN

This morning, the leading retail stocks are showing early strength. The popular Market Vectors Retail ETF (NYSEARCA:RTH) is trading higher by 0.11 cents to $41.23 a share. This leading ETF has been under selling pressure since May 1, 2012 when it traded as high as $42.69 a share. Short term traders should watch for intra-day resistance around the $41.50, and $41.80 levels.

Some of the leading retail stocks that are climbing higher today include The TJX Companies, Inc. (NYSE:TJX), Ross Stores, Inc. (NASDAQ:ROST), Nordstrom, Inc. (NYSE:JWN), and Bed Bath & Beyond Inc. (NASDAQ:BBBY). Traders should remember that all of these stocks could trade higher if the major stock indexes catch a bid today as they are signaling strong relative strength.

Nicholas Santiago
InTheMoneyStocks.com


  [more]

Recs

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Predicted: Facebook Hype Spreads To Zynga, Groupon

May 14, 2012 – Comments (1) | RELATED TICKERS: ZNGA , GRPN

Last Thursday, I predicted a bounce higher in the social networking stocks like Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN). I described how these two stocks had been hammered with tons of shorts jumping on board. In addition, the Facebook IPO would create a bounce where easy money could be made.

Today, this prediction has started to come true. Zynga is trading at $7.97, +0.49 (6.55%) while Groupon is trading at $11.01, +1.11 (11.20%). This was a no brainer play and easy money for anyone who followed the article.

Gareth Soloway
InTheMoneyStocks.com
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Predicted: Facebook Hype Spreads To Zynga, Groupon

May 14, 2012 – Comments (0) | RELATED TICKERS: ZNGA , GRPN

Last Thursday, I predicted a bounce higher in the social networking stocks like Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN). I described how these two stocks had been hammered with tons of shorts jumping on board. In addition, the Facebook IPO would create a bounce where easy money could be made.

Today, this prediction has started to come true. Zynga is trading at $7.97, +0.49 (6.55%) while Groupon is trading at $11.01, +1.11 (11.20%). This was a no brainer play and easy money for anyone who followed the article.

Gareth Soloway
InTheMoneyStocks.com
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Recs

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Bottom In The Making: Miners Reverse Off Lows Again

May 14, 2012 – Comments (0) | RELATED TICKERS: GG , FCX , AUY

For the second time in a week, the miners have reversed off early lows. Stocks like Goldcorp Inc. (USA) (NYSE:GG), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and Yamana Gold Inc. (USA) (NYSE:AUY) are all off their lows, trying to move to the positive side in an ugly market sell off. These stock have all been hammered in recent months, trading at or near 52 week lows. This second reversal in a week speaks of a possible bottom forming in the sector. Stocks like Goldcorp could be setting up for a multi week bounce higher. Traders are taking note.

Gareth Soloway
InTheMoneyStocks.com  [more]

Recs

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Is Coal Heating Up?

May 14, 2012 – Comments (0) | RELATED TICKERS: BTU , ANR , ACI

One of the worst performing industry groups in 2012 has been the coal sector. This sector remains in a confirmed downtrend at this time by trading well below the important daily chart 50, and 200 moving averages. Please note, while this sector has been extremely weak throughout the year many leading coal stocks are trading positive today. The only reason that we want to know about this bounce is because the Dow Jones industrial Average and most every other stock index is declining lower by more than 1.0 percent. Believe it or not, the coal sector is actually bucking the trend today and showing intra-day relative strength.

Alpha Natural Resources Inc (NYSE:ANR) is considered to be one of the leading stocks in the coal sector. Today, ANR stock is trading higher by 0.44 cents to $13.61 a share. Short term traders should watch for intra-day resistance around the $13.75, and $14.00 levels.

Some other leading coal stocks that are trading higher include Peabody Energy Corporation (NYSE:BTU), Arch Coal Inc (NYSE:ACI), and James River Coal Company (NASDAQ:JRCC). This sector still looks very poor on the daily charts. Currently this bounce should be viewed as nothing more than a dead cat bounce as nothing goes straight down in the market.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

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Home-builder Stocks Show Early Relative Strength

May 14, 2012 – Comments (0) | RELATED TICKERS: LEN , TOL , NVR

This morning, all of the leading home-builder stocks are showing some early strength despite the over-all stock market weakness. This industry group is displaying good intra-day relative strength and could lead the markets higher if bounces take place in the major stock indexes. Lennar Corp (NYSE:LEN) is considered to be one of the leading home-building stocks in the sector. LEN stock is trading higher by 0.65 cents to $29.10 a share. Short term traders should watch for intra-day resistance around the $29.20, and $29.75 levels.

Some of the other leading home-builder stocks that are trading higher today include NVR, Inc. (NYSE:NVR), D.R. Horton, Inc. (NYSE:DHI), M.D.C. Holdings, Inc. (NYSE:MDC), and Toll Brothers, Inc. (NYSE:TOL). This sector has been very strong throughout 2012. As long as interest rates remain at extremely low levels this sector should continues to hold up.

Nicholas Santiago
IntheMoneyStocks.com

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Recs

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Can The Dollar Fall Enough To Save The Day?

May 11, 2012 – Comments (0) | RELATED TICKERS: QQQ , IWM , DIA

Once again, the U.S. Dollar Index (DX-M2) is declining lower after the opening bell rings at the New York Stock Exchange. This happens very often when the major stock indexes are breaking lower. You see, when the dollar declines everything in the stock and commodity markets will inflate and trade higher. Just the opposite will happen when the U.S. Dollar Index rallies, the stock markets will decline and deflate lower.

As you all know by now, J.P. Morgan Chase & Co (NYSE:JPM) reported a $2 billion trading loss in the highly controversial derivative market. This action caused the futures market to decline sharply lower overnight. Traders should note that the stock market really moves inversely to the U.S. Dollar Index. This morning, the major stock indexes have moved to the positive side as the U.S. Dollar Index declined lower. Some leading indexes that have reversed earlier losses include PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), iShares Russell 2000 Index (ETF) (NYSEARCA:IWM), and the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA).

Nicholas Santiago
InTheMoneyStocks.com

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Recs

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How To: Swing Trading The Facebook IPO

May 10, 2012 – Comments (0) | RELATED TICKERS: GOOGL , ZNGA , GRPN

The Facebook IPO is scheduled to debut late next week. This is possibly the most anticipated IPO since Google Inc (NASDAQ:GOOG). While the hype of Facebook makes it a high risk buy at the debut price, there are other ways to swing trade the social networking stock. Both Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN) are trading at all time lows. In theory, the hype of the Facebook IPO over the next week should lift these stocks as much as 10-15%. Considering where these social networking stocks are trading, this may be the smartest way to swing the Facebook IPO. The trade would be to buy these stocks in the next few days and sell the day of the Facebook IPO.

Gareth Soloway
InTheMoneyStocks.com


  [more]

Recs

1

Financial Stocks Lead The Rally

May 10, 2012 – Comments (0) | RELATED TICKERS: JPM , CS , C

This morning, all of the leading financial stocks are catching a bid higher. This is the first real bounce for this important sector in about a week. The most important financial stock in the market is J.P. Morgan Chase & Co (NYSE:JPM). This leading financial stock is is trading higher by 0.68 cents to $41.30 a share. Short term traders should watch for intra-day resistance around the $41.50, and $42.00 levels.

Some of the other leading financial stocks that are inflating higher today include Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC), and Credit Suisse Group (NYSE:CS). Usually, the major stock indexes will hold up when the financial stocks are strong. The financial sector accounts for roughly 14.0 percent of the S&P 500 Index.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

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Gold Miners Finally Shine

May 09, 2012 – Comments (0) | RELATED TICKERS: GDX , NEM , AUY

This afternoon, all of the leading gold mining stocks are are catching a bid higher. This important stock sector has been extremely weak since peaking out in September 2011. At that time, the important Market Vectors Gold Miners ETF (NYSEARCA:GDX) was trading around the $67.00 area. Today, the GDX is trading higher by 0.86 cents to $43.03 a share. What a difference eight months can make for the GDX. The big question that traders are asking themselves, is this the low for the GDX? The truth is that the trend is down and this bounce today should really not be viewed as anything more than an oversold bounce. Until the GDX can recapture the important daily chart 50 moving average the ETF remains in a vulnerable technical position. The GDX will have intra-day resistance around the $36.00, and $36.50 levels.

Some leading gold mining stocks that are trading higher today include Newmont Mining Corporation
(NYSE:NEM), Vista Gold Corp (NYSEAMEX:VGZ), Allied Nevada Gold Corp. (NYSEAMEX:ANV), and Yamana Gold Inc. (USA) (NYSE:AUY). All of these stocks have similar chart patterns to the GDX, therefore, until these stocks can have another day of upside this bounce may not last very long.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Bullish: First Solar Starts To Show Signs Of Life

May 09, 2012 – Comments (0) | RELATED TICKERS: FSLR

Solar stocks have been pounded for well over a year. While most investors continue to stay away from them, the right decision may actually be to buy them now. Based on valuation levels, they are extremely attractive at current levels. First Solar, Inc. (NASDAQ:FSLR) is trading at $16.85, +0.31 (+1.87%). This is one of the leaders in the sector and trading higher on a down day on Wall Street. At this stage of the game, any horrid news is priced into the stock and the sector. Solar prices are low, but unlikely to go much lower. First Solar has been able to maintain itself during these times.

A good example would be the recent major pop in natural gas. While the price was down sharply in recent years, it will only go so low before demand picks up. Many natural gas stocks have popped significantly in recent days. Considering First Solar as best of breed, this is the player to be in. Any sort of pop will see extended upside due to short covering. Short term, a move back above $20.00 is likely.

Gareth Soloway
InTheMoneyStocks.com
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Recs

0

Upside Coming: Inverse Head And Shoulders Triggered On AAPL

May 09, 2012 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is trading higher today. The technology mega player is trading at $571.12, +2.94 (+0.52%). An inverse head and shoulder pattern has triggered on AAPL and may be telling us of further upside. While a head and shoulder pattern is bearish, an inverse head and shoulder pattern is bullish. The target on Apple is $584.00 on this pattern. In addition, should Apple run to this target, the market may fully recover from the losses today and move into positive territory.

Gareth Soloway
InTheMoneyStocks.com  [more]

Recs

0

Upside Coming: Inverse Head And Shoulders Triggered On AAPL

May 09, 2012 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is trading higher today. The technology mega player is trading at $571.12, +2.94 (+0.52%). An inverse head and shoulder pattern has triggered on AAPL and may be telling us of further upside. While a head and shoulder pattern is bearish, an inverse head and shoulder pattern is bullish. Note the chart below. The target on Apple is $584.00 on this pattern. In addition, should Apple run to this target, the market may fully recover from the losses today and move into positive territory.

Gareth Soloway
InTheMoneyStocks.com
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Recs

0

Oil Services Sink Again

May 09, 2012 – Comments (0) | RELATED TICKERS: SLB , HAL , BHI

This morning, all of the leading oil service stocks are declining lower with the major stock indexes. The important Market Vectors Oil Services ETF (NYSE:ARCA:OIH) has been selling off for over a week and this sector is entering short term oversold conditions; therefore, a small bounce in the next few day is possible. The OIH will have intra-day support around the $37.00, and $36.50 levels.

Some of the leading oil service stocks that are coming under selling pressure include Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), Apache Corp (NYSE:APA), and Schlumberger Ltd (NYSE:SLB). All of these leading stocks are part of the OIH. These stocks are all nearing short term oversold conditions which could lead to a small short term bounce soon.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

The Roof Starts To Leak On The Home-builders

May 08, 2012 – Comments (0) | RELATED TICKERS: TOL , LEN , DHI

All of the leading home-builder stocks are coming under heavy selling pressure today. This sector has been very strong since October 4, 2011. At the time, the leading home-builder stock Toll Brothers Inc (NYSE:TOL) was trading as low as $13.16 a share. Today, TOL stock is trading lower by 0.83 cents to $25.19 a share. TOL stock will have intra-day support around the $24.43, and $23.80 levels. The daily chart of TOL will have short term support around the $23.00 area.

Some other leading home-builder stocks that are declining lower today include D.R. Horton Inc (NYSE:DHI), Lennar Corporation (NYSE:LEN), and KB Home (NYSE:KBH). All of these stocks look to have further downside in the near term.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

0

The Market Savior

May 07, 2012 – Comments (0) | RELATED TICKERS: FCX , QLD , SSO

Last night, the S&P 500 Index e-mini futures (ES-M2) traded as low as 1344.75 per contract. This afternoon, the major stock market indexes are trading basically flat. Believe it or not, the S&P 500 Index e-mini futures are trading higher by 5.50 points to 1368.00 per contract. So what saved the markets today? Simply put; it is the same thing that has saved the markets for the past ten years, the falling U.S. Dollar Index. In the overnight trading session the U.S. Dollar Index futures (DX-M2) traded as high as $80.13 per contract. Since that high print the U.S. Dollar Index futures have been declining and are currently trading higher by just 0.07 cents to $79.66 per contract. As long as the U.S. Dollar Index retreats when the major stock indexes are actively trading the major stock indexes will inflate and trade higher.

Some of the leading equities that will react positive to a weaker dollar include Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), ProShares Ultra QQQ (ETF) (NYSEARCA:QLD), ProShares Ultra S&P500 (ETF) (NYSEARCA:SSO), and SPDR Gold Trust (ETF) (NYSEARCA:GLD). Please remember, all of these same equities will deflate and trade lower when the U.S. Dollar Index trades higher during the trading session.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Alert: Green Mountain Master Level

May 07, 2012 – Comments (0) | RELATED TICKERS: GMCR

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) continues its slide following an ugly earnings report last week. Many traders and investors are looking for the entry point to go long. This is a falling knife and must be bought very carefully.

The master level on Green Mountain Coffee Roasters Inc. is $22.50. The stock is currently trading at $24.55, -0.55 (-2.19%). Once this level hits, there will be significant price support and a bounce is likely. Until then, it can continue to be in free fall.

Gareth Soloway
InTheMoneyStocks.com



  [more]

Recs

0

Head And Shoulders: Can They Save It From Triggering

May 07, 2012 – Comments (0) | RELATED TICKERS: SPY , JPM , GS

The U.S. markets are trading flat on the day after an ugly overnight session in the S&P futures. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.91, -0.05 (-0.04%) after the S&P futures were down as much as 20 points overnight. This surge back was helped by the weakening Dollar and the strengthening Euro off their overnight highs and lows.

Yesterday, the people France and Greece sent a clear message to their leaders. The austerity measures being implemented are not favored and those who pushed them through were voted out of office. This brings more uncertainty into the European picture in relation to the EU.

The rebound in stocks were headed by the banks like JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group, Inc. (NYSE:GS). In addition, there are key technical patterns on the charts that are showing a break down is extremely near but has not triggered. Note the head and shoulder pattern on the chart below. It has not triggered yet but may, depending on where the market closes today.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Financial Stocks Keep Markets From Coming Unglued

May 07, 2012 – Comments (0) | RELATED TICKERS: JPM , BAC , GS

This morning, all of the leading financial stocks are catching a bid higher. This move in the financial stocks comes despite the sharp sell off in the overnight trading session in the futures market. The most important financial stock that any trader can follow is J.P. Morgan Chase & Co (NYSE:JPM). Today, JPM stock is trading higher by 0.25 cents to $42.00 a share. It should be known by almost every trader and investor by now that JPM is a stock that should be treated as a stock market barometer. The stock will likely have intra-day resistance around the $42.30 area.

Some of the other leading financial stocks that are trading in positive territory today include Bank of America Corp (NYSE:BAC), Goldman Sachs Group, Inc. (NYSE:GS), and Wells Fargo & Company (NYSE:WFC). As long as these leading stocks hold up today it is very hard to see the major stock indexes trade sharply lower. The financial sector accounts for roughly 14 percent of the S&P 500 Index.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

When The Dollar Pops The Market Drops

May 04, 2012 – Comments (0) | RELATED TICKERS: UUP , DIA , IWM

This morning, the major stock indexes have been declining since the opening bell. Often, when the major stock indexes decline the U.S. Dollar Index will come to the rescue by declining intra-day, that is not the case today. Usually, when the U.S. Dollar Index declines the major stock indexes will usually inflate and trade higher. On the flip side, when the dollar rallies the markets will deflate and trade lower. Today, the U.S. Dollar Index is surging higher since 9:50 am EST putting pressure on the markets. Traders can easily see how the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has reversed from earlier declines and is now trading into positive territory.

Today, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is trading lower by 1.00 percent on the session. The more important stock indexes such as the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), and the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM are trading lower by 1.56 percent. Traders should remember that the QQQ, and the IWM are the growth sectors. All traders should continue to follow the U.S. Dollar Index very closely as the major stock indexes continue to trade inverse to the dollar. The major stock indexes will likely catch an intra-day bounce when the U.S. Dollar Index pulls back.

Nicholas Santiago
InTheMoneyStocks.com

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Recs

0

Next Move: First Solar To Report Earnings

May 03, 2012 – Comments (0) | RELATED TICKERS: FSLR

Every trader and investor has seen the continual decline in the solar stocks in the past year. There is no other way to describe it than epic. Today, First Solar, Inc. (NASDAQ:FSLR) will report earnings. Analysts expect a profit of $0.48 per share. However, the market has priced in the whisper number of $0.29 per share. In addition, revenue and future guidance will be key to how the stock performs.

The chart has been hammered, hitting a new 52 week low today. Most retail and amateur investors would think the stock performance would indicate an ugly earnings report. While that may be the case, it is likely the market has already priced this in. It is never wise to trade earnings but First Solar does have a chance to move up on earnings based on current levels.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Green Mountain Capitulates, Is It A Buy?

May 03, 2012 – Comments (0) | RELATED TICKERS: GMCR

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is getting smoked today on the back of an earnings miss and uncertain guidance going forward. The stock is trading at $25.97, -23.55 (-47.56%). The biggest volume of the day came around 12pm ET as the stock hit a low of $24.40. This is known as capitulation and usually notes a major low in the stock.

This reaction appears to be overdone if you just look at the earnings and guidance. The stock is currently trading at 10 times next years earnings. However, the uncertain guidance did shake investors nerves a little more. Either way, this stock has probably priced in a majority of the negative future news with a 50% drop. While high risk, it may be at a solid level around $25.00 a share. There is some good technical support at $25.00 as well. The next major support below is at $22.50.

Gareth Soloway
InTheMoneyStocks.com

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Recs

0

AAPL At Risk Of Erasing Earnings Pop

May 03, 2012 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is at major risk of erasing the earnings pop. The stock shot up on quarterly earnings results, jumping from $560.28 to $618.00. Since that initial pop on earnings Apple has fallen almost every day.

Today, Apple is resting on the daily 50 moving average at $583.49, -2.49 (-0.42%). A close below this level would dictate a continued down move to $560.28 and possibly lower. While analysts were cheering the earnings results and upgrading the the stock north of $900 per share, smart investors were staying away due to an over hyped story and extended chart. Staying away from Apple above $600 was the right move. Here at InTheMoneyStocks we advised our members to stay away as the hype was just too large. This proved to be the correct trade.

Gareth Soloway
InTheMoneyStocks.com
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Recs

0

Poor Action In The Casino Stocks

May 03, 2012 – Comments (0) | RELATED TICKERS: WYNN , MPEL , LVS

The leading casino stocks are all trading lower at the start of the trading day. Earlier today, MGM Resorts International (NYSE:MGM) reported earnings that missed estimates. The stock is trading lower by 0.50 cents to $13.05 a share. Short term traders should watch for intra-day support around the $12.75 area.

Some of the other leading casino stocks that are declining lower today include Wynn Resorts, Limited
(NASDAQ:WYNN), Las Vegas Sands Corp. (NYSE:LVS), and Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL). All of these stocks could have a little more downside action today, however, the daily charts are still holding up at this time. These stocks look to be trading lower in sympathy to MGM.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Weak Start For The Oil Service Sector

May 03, 2012 – Comments (0) | RELATED TICKERS: SLB , HAL , BHI

This morning, the oil services stocks are all weak at the start of the trading session. The important and highly followed Market Vectors Oil Services ETF (NYSE:ARCA:OIH) is trading lower by 0.32 cents to $40.54 a share. Short term traders should watch for intra-day support around the $40.15, and $39.78 levels.

Some of the oil service stocks that are declining lower today include Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), and Baker Hughes Incorporated (NYSE:BHI). All of these stocks will generally trade in tandem with the OIH. Short term traders can watch for possible intra-day bounces in these stocks when the OIH reaches its support levels.

Nicholas Santiago
InTheMoneyStocks.com  [more]

Recs

1

Stock Market Jittery Over Europe, Jobs

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

Stocks are trading lower today on the back of a poor ADP Private Sector Jobs Report and continued problems in Europe. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.96, -0.78 (-0.55%). Yesterdays ISM Manufacturing Report rallied the markets on hopes that jobs would show a better than expected increase. However, that did not occur and stocks have erased all of the gains from yesterday.

Financial stocks are leading the decline with JPMorgan Chase & Co. (NYSE:JPM) trading at $43.03, -0.76 (-1.74%). Technology stocks like Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) are trading higher, helping keep the market losses in check.

The markets are likely to remain neutral to weak until the Non Farm Payrolls Report on Friday. The ADP report definitely put a stop to the recent market advance. In addition, it must be noted that the markets have not taken out the yearly highs. As long as the markets remain below this level on the S&P 500, caution should be used.

Gareth Soloway
InTheMoneyStocks.com

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Recs

0

Mining Equipment Stocks Dig An Early Hole

May 02, 2012 – Comments (0) | RELATED TICKERS: JOY , CAT , DE

This morning, all of the leading mining equipment stocks are coming under early selling pressure. Caterpillar Inc (NYSE:CAT) is considered the leading stock in the mining equipment sector. Today, CAT stock is trading lower by $1.24 to $100.87 a share. Short term traders should watch for some intra-day support around the $100.00 and $98.00 levels. The daily chart of CAT remains weak as the stock trades below the important 50-day moving average.

Some other leading mining equipment stocks that are selling off today include Joy Global Inc (NYSE:JOY), Deere & Company (NYSE:DE), and Tractor Supply Company (NASDAQ:TSCO). All of these stocks will often trade inverse to the U.S. Dollar Index. Should the U.S. Dollar Index decline intra-day these stocks are likely to catch a small bounce off of the morning lows.

Nicholas Santiago
InTheMoneyStocks.com
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Recs

0

The One Stock That Leads The Markets

May 01, 2012 – Comments (0) | RELATED TICKERS: JPM , PCLN , AMZN

It is always important for traders to follow the leading stocks as an indication of where the markets may trade in the future. Generally, when the leading stocks trade higher the overall stock market indexes will trade higher. When traders talk about leading stocks they will usually talk about stocks such as Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), Google Inc (NASDAQ:GOOG), and .Priceline.com Inc (NASDAQ:PCLN). While these stocks are all very important and often lead the markets, the most important stock in the entire stock universe is J.P. Morgan Chase & Co (NYSE:JPM).

J.P. Morgan Chase stock has lead the stock markets higher since late November 2011. This stock has become the most important financial stock in the United States. When JPM rallies there is usually a good chance that the major stock indexes are trading higher. In fact, today the markets are rallying higher as JPM trades higher. When this stock declines it should be a red flag that the recent stock market rally is coming to an end. Traders should use JPM stock as a stock market barometer. Today, JPM stock is trading higher by 0.97 cents to $43.96 a share.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Market Key: AAPL Has Trouble Holding Gains

May 01, 2012 – Comments (0) | RELATED TICKERS: AAPL

Just a couple months ago, Apple Inc. (NASDAQ:AAPL) would open higher and climb all day long. Those days are long in the past as even today, Apple finds itself struggling to keep the gains from the morning session. In dramatic fashion, the stock opened slightly higher, and surged, gaining over $12.00 on the session. However, since the highs were put in around 10:30am ET, the stock has faded, now just trading at $591.44, +7.46 (1.28%).

Apple continues to be a solid barometer for the overall market. If it continues to show weakness and falls lower, the markets will likely come off their highs and fade. In addition, continued weakness means further problems in the market over the next few days and weeks making this a very good shorting opportunity in the markets. Keep watch of Apple, it will tell the markets tale.

Gareth Soloway
InTheMoneyStocks.com

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Recs

1

Market Spikes, Gives Great Shorting Opportunity

May 01, 2012 – Comments (0) | RELATED TICKERS: SPY , IBM

The markets are spiking sharply higher today on extremely light volume. Most markets in Europe are closed today. This is like the analogy, when the cat is away, the mice will play. Light volume, no problems in Europe mean solid upside but also a great shorting opportunity for smart traders.  The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $141.54 +1.77 (1.27%).

One stock nearing an awesome shorting level is International Business Machines Corp. (NYSE:IBM). After taking a beating on earnings results, the stock has jumped back up. Just a week ago, IBM hit a low of $196.79. It is now trading at $208.65.

The master short level coincides with a major gap fill. This level is $209.45. A pull back is extremely likely off this level, back towards the $200.00 area.

Gareth Soloway
InTheMoneyStocks.com
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