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June 2013

Recs

1

Gold Barely Bounces, Speaks To Further Downside

June 27, 2013 – Comments (0) | RELATED TICKERS: GLD

Gold and silver are inching higher today after a major decline over the last week. The fact that the bounce is so small, tells intelligent investors more downside is likely. The SPDR Gold Trust (NYSEARCA:GLD) is trading at $118.54, +0.26 (0.22%). In the last week, the GLD has fallen from $133.00 to $118.00. Seeing this meager bounce is a warning sign for traders looking for an entry in this range.

Where will it drop to? The level is at $113.00. Once here, expect a near term strong bounce before it heads to its final low of $100.00.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

1

Where Is The Confidence? The Fed Seems More Nervous Than Investors

June 27, 2013 – Comments (0)

Since the recent stock market sell off, Federal Reserve members have been coming out in droves in effort to reassure stock market participants that quantitative easing would not end. In fact, voting FOMC member Bill Dudley said that QE-3 could actually increase if the labor market doesn't improve. He also went on to say that a rise in short term rates is a long way off. There are two other members of the Federal Reserve that are scheduled to speak today. We can only suspect that the central bank is doing everything it can to keep the fear out of the stock market before the important Independence Day holiday next week. After all, consumer spending accounts for roughly 70.0 percent of the U.S. gross domestic product (GDP) in the United States. The central bank would not want to disrupt consumer spending during a busy period in the United States. 

Is the Federal Reserve sending a message of confidence to the markets? After all, the fed funds rate (overnight lending rate to the large banks) is at zero to a quarter percent. So basically, the large banks can borrow free money. The fed funds rate has been this low since December 2008, which is really an unprecedented amount of time. The central bank is also currently buying $85 billion a month worth of U.S. Treasuries and mortgage backed securities. It has been reported that the Federal Reserve's balance sheet is now over $3.1 trillion. The Federal Reserve claims that there is very little inflation in the United States, so there are no problems with the easy money policies they are implementing. If people are wondering why there is little inflation in the United States, its because it is being held on the central bank's balance sheet. Many other countries such as Brazil, India, Russia, among many other nations are feeling inflation.  

Will the market moving institutions begin to lose faith in the central banks in the United States and around the world? The Bank of Japan (BOJ), Bank of England, the European Central Bank, and many other central banks are all implementing easy money policies. The S&P 500 Index is just off of its all time high, yet economies are nowhere close to operating at full strength. Just a few days ago it was reported that the gross domestic product in the U.S. grew at just a 1.8 percent annualized pace in the first quarter. This is not a very good number and well below expectations of 2.4 percent. Most economists do not expect this number to get much stronger any time soon. So it is safe to say that the major stock indexes are actually moving higher because of the easy money policies by the Federal Reserve. 

It is safe to say that the Federal Reserve seems to be flip flopping on their words. Last week, Ben Bernanke said he would start to taper QE-3 later this year and end it in mid-2014, today Bill Dudley said that the central bank could actually prolong QE-3 if the labor market does not improve. What is the true story here? Eventually investors could lose faith in the central bank. They obviously believe that as long as the stock market trades higher the economy will improve. Will this lead to the mother of all bubbles in the future? After all, their past track record suggests that another bubble is in the cards again.    

Nicholas Santiago
InTheMoneyStocks.com  [more]

Recs

1

Walter Energy, Inc. Hits $10.00, Bounce Level

June 26, 2013 – Comments (0) | RELATED TICKERS: WLT

Walter Energy, Inc. (NYSE:WLT) has hit the $10.00 level. It is down 12% today alone. The stock was at $40.00 earlier in 2013. This $10.00 even number represents a high risk but also very high reward buy level. It is known as an even number play.


Gareth Soloway
InTheMoneyStocks
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Recs

0

Financial Stocks Tell You Everything

June 26, 2013 – Comments (0) | RELATED TICKERS: JPM , BLK , BAC

This morning, many of the leading financial stocks are fading from their gap higher open. Some of the leading financial stocks that every trader should follow is JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group Inc (NYSE:GS), and BlackRock, Inc. (NYSE:BLK). As long as these stocks hold up the major stock indexes are likely to hold up. Should these stocks start to decline or sell off then it is an indication that downside could be in the cards for the major stock indexes. 

Today, leading financial stock JPM is trading higher by 0.17 cents to $52.25 a share. Day traders should watch for intra-day support around the $51.75, and $51.44 levels. Both levels depending on the intra-day chart pattern could be bounce areas for the stock. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Realty Income Corp Has Major Near Term Potential Upside

June 25, 2013 – Comments (0)

Just the facts, folks. Just the facts. Look at the chart below on Realty Income Corp (NYSE:O). The drop has been dramatic but note the support level that was just tagged over the last few days. It is a major gap fill going back to the final trading day of 2012. This is a 100% retrace as well which is technically significant.  [more]

Recs

0

Oil Service Stocks Get Slammed On Back Of Global Slowdown

June 24, 2013 – Comments (0) | RELATED TICKERS: OIH , HAL , BHI

This morning, many of the leading oil service stocks are trading sharply lower at the start of the trading session. Last night, all of the major stock indexes around the world sold off, this decline is certainly weighing on the oil services sector. Traders and investors can track the oil services sector by following the Market Vectors Oil Services ETF (NYSEARCA:OIH). Today, the OIH is trading lower by $1.17 to $41.40 a share. Day traders should watch for intra-day support around the $41.40, and $41.00 levels. Swing traders should watch and follow the daily chart of the OIH which is signaling support around the $41.00, and $39.50 levels. 

Some of the leading oil service stocks that are declining lower today include Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL), Apache Corporation (NYSE:APA), and Superior Energy Services Inc (NYSE:SPN). All of these stocks are now getting oversold in the near term on the daily charts. Traders should continue to follow the OIH chart closely as the leading stocks in the sector will often trade in tandem with each other. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

3

Why Wall Street Pros And Institutions Are Always Wrong

June 20, 2013 – Comments (1)

May 14th, 2013, David Tepper, the head and founder of Appaloosa Management came on CNBC telling the world he felt the markets would continue dramatically higher for the rest of the year. One week later, on May 21st, 2013, Goldman Sachs Group Inc (NYSE:GS) upgraded the price targets on the S&P 500 for 2013 and 2014. The very next day, the stock market topped. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) hit a high of $169.07 before reversing the same day to close at $165.93. This reversal was a clear signal of a top in the market because of the volume. The volume surge on that day was the biggest volume in all of 2013. Volume and major reversals coming at an all time high almost always signal a strong pullback on the horizon.  [more]

Recs

1

Bond Yields Seal The Deal

June 20, 2013 – Comments (0) | RELATED TICKERS: IEF , TLT , TBT

One of the most important charts that any trade can follow is the chart of the 10-year U.S. Treasury yield. When yields move higher it means that bond prices move lower. So if you are following an equity like the iShares Barclays 7-10 Year Treasury Bond Fund (NYSEARCA:IEF), or the iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSEARCA:TLT) you should realize that yields will move inversely to these equities. When bond yields move higher it will usually have a negative effect on the interest rate sensitive sectors such as utilities, REITS, home-builder stocks, and many consumer staples. 

Today, the yield on the 10-year U.S. Treasury bond surged above 2.4 percent. This looks to be a breakout move on the yields today. Please understand, the yields are now extended and may pullback in the near term, but any consolidation on the yield chart should signal further upside. It would not be surprising to see another 50 basis point move in the yield on the 10-year U.S. Treasury Note. Some ETF's that will trade higher with bond yields include the ProShares UltraShort 7-10 Year Treasury (ETF) (NYSEARCA:PST), and the ProShares UltraShort 20+ Year Treasury (ETF) (NYSEARCA:TBT). 

Nicholas Santiago
InTheMoneyStocks
  [more]

Recs

1

Bond Yields Seal The Deal

June 20, 2013 – Comments (0) | RELATED TICKERS: IEF , TBT , TLT

One of the most important charts that any trade can follow is the chart of the 10-year U.S. Treasury yield. When yields move higher it means that bond prices move lower. So if you are following an equity like the iShares Barclays 7-10 Year Treasury Bond Fund (NYSEARCA:IEF), or the iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSEARCA:TLT) you should realize that yields will move inversely to these equities. When bond yields move higher it will usually have a negative effect on the interest rate sensitive sectors such as utilities, REITS, home-builder stocks, and many consumer staples. 

Today, the yield on the 10-year U.S. Treasury bond surged above 2.4 percent. This looks to be a breakout move on the yields today. Please understand, the yields are now extended and may pullback in the near term, but any consolidation on the yield chart should signal further upside. It would not be surprising to see another 50 basis point move in the yield on the 10-year U.S. Treasury Note. Some ETF's that will trade higher with bond yields include the ProShares UltraShort 7-10 Year Treasury (ETF) (NYSEARCA:PST), and the ProShares UltraShort 20+ Year Treasury (ETF) (NYSEARCA:TBT). 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Financial Stocks Weak Again: FOMC Heads Up?

June 19, 2013 – Comments (0) | RELATED TICKERS: JPM , GS

Yesterday, I touched on the financial stocks and their relative  weakness as the market was rallying. Today again, the financial stocks are weaker than that market. Is this a false signal or a valid heads up of a market sell off on the FOMC comments at 2PM ET?

Goldman Sachs Group Inc (NYSE:GS) is trading at $162.90, -1.25 (-0.76%) while JPMorgan Chase & Co. (NYSE:JPM) is trading at $54.02, -0.09 (-0.17%).

If the Federal Reserve were to make love to the stock market by extending QE indefinitely, one would think the financial stocks would be leading the market instead of lagging. Let's see what happens at 2PM ET.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Forget The Bernank, Day Traders Follow The Technicals

June 19, 2013 – Comments (0) | RELATED TICKERS: STX , WDC , TTEK

As you all know, every trader and investor in the world is waiting for the Ben Bernanke press conference this afternoon. Will Mr. Bernanke hint that a cut in quantitative easing is underway? The answer is who cares what he says. As traders we simply want to react to the price action. If the markets sell off then we want to find a level that looks attractive to buy stocks. On the flip side, if the market rallies then we want to find a level where there will be major resistance and sell it. Traders should not be bullish or bearish, you simply just want to be on the correct side of the tape. If you are wrong then you want to be wrong small, that is why you must have a stop loss. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Financial Stocks Weak: FOMC Leading Indicator Alert

June 18, 2013 – Comments (0) | RELATED TICKERS: SPY , GS , JPM

The markets continue to roar higher with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) trading at $165.60, +1.10 (0.67%). This is the second solid up day in a row, both coming prior the FOMC Policy Statement tomorrow. While the markets are charging higher into this major event, financial stocks have stalled and are flat to negative. Goldman Sachs Group Inc (NYSE:GS) is trading at $163.65, -0.46 (-0.28%) while JPMorgan Chase & Co. (NYSE:JPM) is trading at $53.89, +0.04 (0.07%).  [more]

Recs

1

Shipping Stocks Squeeze

June 17, 2013 – Comments (0) | RELATED TICKERS: FREE , NEWL , DRYS

Shipping stocks, one of the few sectors still near/at their 52 week lows are on the move in dramatic fashion. The smallest of the group are getting the biggest move. FreeSeas Inc. (NASDAQ:FREE) is trading at $0.580, +0.215 (58.81%) while NewLead Holdings Ltd (NASDAQ:NEWL) is trading at $0.188, +0.048 (34.00%).  [more]

Recs

0

Oil Service Stocks Pump It Up

June 17, 2013 – Comments (0) | RELATED TICKERS: OIH , HAL , BHI

This morning, most of the leading oil service stocks are advancing higher to start the trading week. Today, the popular and highly followed Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by 0.65 cents to $43.60 a share. Short term traders should watch for intra-day resistance around the $43.65, and $44.04 levels. The daily chart of the OIH is still trading above the important 50-day moving average which keeps the OIH in a strong technical position. There will be very good  daily chart resistance around $46.00 level.   [more]

Recs

0

Markets Are Following A Two Factor Equation

June 13, 2013 – Comments (0) | RELATED TICKERS: XLU , ITB , IYR

Since June 2012, every stock market dip has been a buying opportunity. At that time, the major stock indexes in the United States surged higher on the back of the easy money policy called QE-3 implemented by the Federal Reserve. This is a program where the central bank buys $85 billion dollars a month worth of mortgage backed securities (MBS) and U.S. Treasuries. This action by the Federal Reserve has certainly been the leading catalyst for rising stock, and housing prices. Now the talk of the town is that the Federal Reserve will need to taper or cut its current easy money program.   [more]

Recs

0

Alerting To A Profit Setup: Coal Stocks Signal Bounce

June 12, 2013 – Comments (0) | RELATED TICKERS: CLF , BTU , WLT

There is money to be made and I intend to make some. Being long the coal stocks for next week is where the money appears to be lurking in an otherwise poor market. This is due to the strength we are seeing today in stocks like Cliffs Natural Resources Inc (NYSE:CLF), Peabody Energy Corporation (NYSE:BTU), Walter Energy, Inc. (NYSE:WLT).  [more]

Recs

0

Are the Airline Stocks Preparing for Takeoff?

June 12, 2013 – Comments (0) | RELATED TICKERS: UAL , DAL , LCC

This morning, the leading airline stocks are trading slightly higher at the start of trading session. The airline stocks have showed good relative strength since December 2012 when this sector broke out on the charts. At this time, the airline stocks look to be range bound. Should this industry group begin to consolidate further on the daily charts they could be building a base to trade higher. Traders that want to track the entire sector can follow the Guggenheim Airline ETF (NYSEARCA:FAA). Currently, the FAA is trading into a double top on the weekly charts, so without consolidation on the charts the airline stocks will likely be range bound in the near term.

One of the leading airline stocks that traders should follow the United Continental Holdings, Inc. (NYSE:UAL). Short term day traders should watch for intra-day resistance around the $33.13, and $33.87 levels. Swing traders can watch for daily chart resistance level around the $35.00 level. Some leading airline stocks that could trade similar to UAL include Delta Air Lines Inc. (NYSE:DAL), US Airways Group, Inc. (NYSE:LCC), Southwest Airlines Co. (NYSE:LUV), and JetBlue Airways Corporation (JBLU). 

Traders and investors should remember that the airline stocks are highly  sensitive to the price of oil. Outside of labor costs oil is the next major expense for the airlines. Recent consolidation in the industry has certainly helped the airline stocks to have pricing power over consumers. Remember, until the Guggenheim Airline ETF (NYSEARCA:FAA) can consolidate on the charts for several weeks the airline stocks will not likely be taking off anytime soon. 
    
Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Gold Miners Fall, But Remain Out Of The Ditch

June 11, 2013 – Comments (0) | RELATED TICKERS: GDX , AUY , NEM

This morning, the leading gold mining stocks are declining at the start of the trading session. This important sector can be followed by viewing the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading lower by 0.50 cents to $28.59 a share. It is important to note that GDX is still trading above its recent low of $26.24 which was made on May 20, 2013. Should the GDX rally from this current level there is still a good chance that the upside gap fill level at $32.22 could still be a possible target. The key for the GDX is to remain above the recent low of $26.24 on a daily chart closing basis. Should price fall below that key low then there could be much further downside in the cards for the GDX. Day traders can watch for intra-day support around the $28.40, and $27.90 levels.   [more]

Recs

0

I Smell A Stock Market Bounce: Here Is Why

June 06, 2013 – Comments (8) | RELATED TICKERS: CVX , SPY , QQQ

The Yen is ripping higher as panic spreads through Japan. Fear is spreading in the stock market with stocks like Chevron Corporation (NYSE:CVX) taking a pounding. Fears that the Federal Reserve will pull back on quantitative easing are everywhere yet the stock market is barely negative today. I smell a stock market bounce on the horizon. While short lived, the bias has to be for a bounce. Let me explain.  [more]

Recs

0

Higher Bond Yields Are Affecting These Equities

June 06, 2013 – Comments (0)

As we all know, the bond yields on the 10 and 30 Year U.S. Treasury Notes have spiked higher recently. The recent spike higher in yields has affected many leading stocks and sectors that take advantage of the easy money policies by the Federal Reserve. Easy money means cheap money to many companies. 

Southern Company (NYSE:SO). Remember, all of the utility companies are highly levered and are very sensitive to higher interest rates.

Another leading sector that is interest rate sensitive is the housing and real estate sectors. Just take a look at the leading home-builder stocks recently and you will see the declines in stocks such as Lennar Corp (NYSE:LEN), and Toll Brothers Inc (NYSE:TOL). REITs (Real estate investment trusts) have also plunged lower on the back of higher bond yields. Leading mortgage REITS such as Annaly Capital Management Inc (NYSE:NLY), ARMOUR Residential REIT Inc (NYSE:ARR), and Invesco Mortgage Capital Inc (NYSE:IVR) have dropped recently. 

Where do yields go from here? Bond yields will certainly move higher if the Federal Reserve begins to tapper its current quantitative easing program. Currently, the Federal Reserve is buying $85 billion a month worth of mortgage backed securities and U.S. Treasuries. So it is safe to say that yields have been held artificially low for quite a long time. Currently, yields are a bit extended on the charts, but should they begin to consolidate it would indicate that they are going to move higher. Traders better now watch the bond yields for clues to trade these important sectors. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Institutions Laugh: Small Investors Lose Again, Unreal

June 05, 2013 – Comments (4) | RELATED TICKERS: SPY , GS , DIA

The stock market is taking a beating today as money runs for the exits. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $161.51, -2.05 (-1.26%). The signals were there as the big institutions unloaded. Most average investors missed the signals because they are not educated in market related analysis. I will explain it all and show how you knew this sell off was coming. It is ridiculously easy.  [more]

Recs

0

Financial Stocks Always Know

June 05, 2013 – Comments (0) | RELATED TICKERS: JPM , BLK , BAC

One of the most important stocks sectors that anyone can follow is the large financial stocks. After all, the Federal Reserve does not print all of this money to help bailout the local coffee shop, they do it to save the large financial institutions. There have been 454 regional bank failures in the United States since the start of 2009. The large banks have enjoyed the benefits from all of the free money that they receive from the Federal Reserve since that time. The large financial institutions have a very profitable credit card business, buy stocks, make investments, and sometimes even make loans to qualified borrowers.

Goldman Sachs Group Inc (NYSE:GS) is one of the most important financial stocks that any trader can watch on a daily and intra-day basis. Today, GS stock is trading lower by $1.78 to $159.90 a share. Day traders should watch for intra-day support around the $158.73, and $155.00 levels. The daily chart of GS still remains in an uptrend by trading above the important 50, and 200-day moving averages. Should GS stock decline sharply over the next week or so swing traders can look for support and a potential bounce around the $145.00 level. 

Some of the other leading financial stocks that traders should follow closely include J.P. Morgan Chase & Co (NYSE:JPM), BlackRock, Inc. (NYSE:BLK), Bank of America Corporation (NYSE:BAC), and Citigroup, Inc. (NYSE:C). All of these leading financial stocks still remain in a daily chart uptrend at this time despite the intra-day weakness. Should this leading stock sector begin to break down that would be a very good sign that the stock market is about to stage a major correction. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Near Term Bottom On Realty Income Corp (NYSE:O)

June 04, 2013 – Comments (0)

Realty Income Corp (NYSE:O) hit a near term bottom today, bouncing back to the flat line. In early trading, the stock fell sharply, hitting a low of $44.22. This happened as the markets were trading at their highs of the day. That showed extreme weakness.

The key that alerts you to the near term bottom is the reversal that has taken place. The markets at lunch are now flat, off their highs of the day. However, Realty Income has moved to the flat line. Note the positive price divergence. The market falls but Realty Income moves back up. In addition, the daily chart has significant support on the 200ma as well as other key levels just above. Near term, this stock should head back up for a week or two.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Mo Money, Less Problems: Real Estate Stocks Get Ready To Bounce

June 03, 2013 – Comments (1) | RELATED TICKERS: SPG , HCP

Real Estate stocks and REIT's have been crushed over the last two weeks. This has been a fantastic drop which has taken any investor who bought in the last three months and said screw you. Profits have turned to losses. Three months of vertical gains wiped out in days. A punch right to the belly of investors who follow the media and their brokers blindly.

While the average investor is panicking like they have a bee in their underpants, smart investors and traders are licking their lips. This drop is nearing major support and a big bounce in on the horizon. Let's look at some key stocks and REIT's below and find their levels.

1. Simon Property Group, Inc (NYSE:SPG) - This stock is down from a 52 week high of $182.45 to $166.13. The major support area for a bounce is between $164.00 and $161.00. This is a huge area of support and a bounce back to $170.00 would be likely.

2. HCP, Inc. (NYSE:HCP) already hit the 200 moving average on the daily chart. There is insane support and the stock is already bouncing nicely. It fell from a 52 week high of $56.06 to a low today of $46.75.

3. Realty Income Corp (NYSE:O) has fallen from a 52 week high of $55.48 and is now trading at $44.69. This 52 week high was made just two weeks ago. The stock is nearing its daily 200 moving average and pivot low support level of $43.85. This is the spot if it hits in the next few days. Great support with a major bounce likely.

Just on the basis of a technical dead cat bounce, these stocks will bounce. Many of these are down close to 20% in a few weeks. It is a simple over reaction to the increase in the 10 year rates. This would be a near term trade and not a long term investment. Long term investing is for suckers who like to give money to the institutions.

Gareth Soloway
InTheMoneyStocks
  [more]

Recs

0

Weak U.S. Dollar Index Lifts the Metals

June 03, 2013 – Comments (0) | RELATED TICKERS: JJC , BHP , SLW

This morning, many of the leading base, industrial, and precious metals are catching a bid higher on the back of a weaker U.S. Dollar Index. Around 10:00 AM EST, the U.S. Dollar Index plunged lower on the trading session. The catalyst for the weaker U.S. Dollar Index was due to the ISM (Institute for Supply Management Index) news that was released. The ISM reading was 49.0 percent in May from 50.7% in April. This news makes investors confident that the Federal Reserve will continue its current quantitative easing program. Currently, the Federal Reserve buys $85 billion a month worth or mortgage backed securities (MBS) and U.S. Treasuries.

Some leading metal related equities that are trading higher on the back of the weaker U.S. Dollar Index include iPath DJ-UBS Copper TR Sub-Index ETN (NYSEARCA:JJC), BHP Billiton Limited (NYSE:BHP), SPDR Gold Shares (NYSEARCA:GLD), and Silver Wheaton Corp. (NYSE:SLW). Remember, the stronger U.S. Dollar has certainly hurt all of the leading base, and precious metal equities. Any intra-day strength in the U.S. Dollar Index could cause a pullback in the leading metal equities. The U.S. Dollar affects almost everything in the market.

Nicholas Santiago
www.InTheMoneyStocks.com
  [more]

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