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inthemoneystock (< 20)

July 2013

Recs

0

Transport Stocks Move Into High Gear

July 31, 2013 – Comments (0) | RELATED TICKERS: IYT , FDX , UPS

Today, most of the leading transportation stocks are catching a bid sharply higher. This is very evident by looking at the iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) which is trading higher by 41.38 to $116.01. Day traders should watch for intra-day resistance on the IYT around the $116.22, and $116.82 levels. The daily chart of the IYT still has resistance around the recent high at $118.00. 

Some of the other leading transportation stocks that are trading higher today include FedEx Corporation (NYSE:FDX), United Parcel Service, Inc. (NYSE:UPS), Union Pacific Corporation (NYSE:UNP), and Norfolk Southern Corp. (NYSE:NSC). 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Financial Stocks Mover Higher Before The FOMC

July 31, 2013 – Comments (0) | RELATED TICKERS: BLK , GS , JPM

All of the leading financial stocks are trading sharply higher this morning. Later this afternoon, the Federal Open Market Committee (FOMC) will release its monetary policy statement for the United States. The giant financial stocks have been the largest beneficiaries from the central bank's actions since 2009. 

Traders will want to follow J.P. Morgan Chase & Co (NYSE:JPM) very closely as the stock has been a leading indicator for the overall markets.  Today, JPM stock is trading higher by 0.51 cents to $55.85 a share. This  is indicating that there is very little fear that the FOMC will hint about tapering their current $85 billion a month QE-3 program. Some other leading financial stocks that are trading higher on the session include The Goldman Sachs Group, Inc. (NYSE:GS), Bank of America Corporation (NYSE:BAC), and BlackRock, Inc. (NYSE:BLK). Short term day traders should expect intra-day resistance on JPM stock around the $56.30 levels. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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BP Sinks After Earnings

July 30, 2013 – Comments (0) | RELATED TICKERS: BP

Today, leading integrated energy stock BP plc (NYSE:BP) is trading sharply lower during the trading session. Earlier today, the company reported earnings that were below estimates. BP cited a stronger U.S. Dollar, and added payout expenses from the 2010 oil spill in the Gulf of Mexico for the poor earnings report. BP stock is trading lower by $1.83 to $41.29 a share. Short term day traders should watch for intra-day support around the $40.75 level. The daily chart is showing support around the $39.80 area. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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The X-factor Weighs On The Steel Sector

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

This morning, leading steel stock United States Steel Corporation (NYSE:X) is trading sharply lower after reporting quarterly results. The stock is trading down by $1.23 to $17.75 a share. The daily chart (for swing trades) is signaling support around the $17.00, and $16.30 levels, so further downside is likely in the near term. X stock will have intra-day support around the $17.35, and $16.90 levels where the day traders can take a quick scalp.

Some of the other leading steel stocks that are declining lower in sympathy to United States Steel Corp include AK Steel Holding Corporation (NYSE:AKS), Steel Dynamics, Inc. (NASDAQ:STLD), and Nucor Corporation (NYSE:NUE). It should be noted that a weak Chinese economy is certainly one of the reasons for a weaker steel sector. Traders that want to track and trade the action in the entire industry group can follow the Market Vectors Steel (ETF) (NYSEARCA:SLX).

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

2

Tesla Hits New All Time Highs: Is It A Short?

July 29, 2013 – Comments (2) | RELATED TICKERS: TSLA

Tesla Motors Inc (NASDAQ:TSLA) is trading at $135.12, +5.73 (4.43%). This is a new all time high for the stock and many are asking if the Goldman Sachs Group Inc (NYSE:GS) downgrade to $85 meant anything. Ultimately, Goldman Sachs will be right with the stock coming back down. Valuations are far too stretched and even the technical levels are not showing much further upside. The only thing driving the stock is a high amount of shorts. As the stock goes higher, stocks must cover. That creates artificial buying which propels it higher.

What is the master level for resistance? The stock is nearing its next master level. This level is $136 - $140. Look for it to top out and start back down again in the coming days.

Gareth Soloway
InTheMoneyStocks.com

  [more]

Recs

0

Shipping Stocks Still Look Healthy In Market Weakness

July 25, 2013 – Comments (0) | RELATED TICKERS: DRYS

Shipping stocks still look like they have some energy left, in an overall weak market. Today, DryShips Inc.(NASDAQ:DRYS) is trading at $2.11, +0.07 (3.43%). This is one of the few sectors that has not surged dramatically higher.  [more]

Recs

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Market Action After Good Earnings Shows Fed Is Only Catalyst

July 25, 2013 – Comments (0) | RELATED TICKERS: FB , BIDU , QCOM

The price action in the stock market leaves little doubt. The only way this market can go higher is if the Federal Reserve comes to the rescue again with dovish, money printing comments. Yesterday, great earnings were reported from Facebook Inc (NASDAQ:FB), QUALCOMM, Inc. (NASDAQ:QCOM) and Baidu.com, Inc. (NASDAQ:BIDU). The market shrugged them off and has fallen nicely. Even the day prior, Apple Inc. (NASDAQ:AAPL) reported better than expected earnings and the markets sold off as well.

This is the third day in a row the S&P 500 will be down. The only shot this market appears to have of going higher is Ben Bernanke saying he will print more money for longer. This is a  recipe for disaster. It is a drug in the vein of the market. As the average investor continues to pile into the market, the potential of disaster increases through the price action.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

Higher Rates Crush Home-builders

July 25, 2013 – Comments (0) | RELATED TICKERS: ITB , IEF , TLT

This morning, many of the leading home-builder stocks are coming under heavy selling pressure. Despite all of the recent news in the media citing a housing recovery the leading housing stocks are retreating. The catalyst for the decline in the home-builder stocks is once again higher bond yields on the 10-year U.S. Treasury Note. Today, the yield on the 10-year note is 2.61 percent. The 30-year fixed mortgage is now 4.37 percent, but any spike in bond yields will increase that rate. Traders that want to track the action in the bond market can follow the iShares Barclays 7-10 Year Treasury ETF (NYSEARCA:IEF), and the iShares Barclays 20+ Year Treasury Bond ETF (NYSEARCA:TLT). When these equities decline it means that yields are rising. It should be noted that both of these equities are falling lower today.

Some of the leading home-builder stocks that are declining lower today include DR Horton Inc. (NYSE:DHI), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), and most other leaders in the sector. Earlier today, DR Horton Inc. reported earnings that are not being well received by investors. The company beat on earnings, but missed on revenues like most other companies that reported so far. Traders and investors can watch for some daily chart support around the $18.00 area. Traders that want to track the entire home-builder sector can follow the iShares Dow Jones US Home Construction ETF (NYSE:ITB). The pattern in the ITB shows daily chart support around the $20.00 level.

Nicholas Santiago
www.inTheMoneyStocks.com

  [more]

Recs

1

Major Reversal On Boeing Spells Top

July 24, 2013 – Comments (0) | RELATED TICKERS: BA , DD

The Boeing Company (NYSE:BA) jumped sharply higher this morning after announcing earnings. The stock opened at $109.24 and collapsed straight down. It is currently trading at $106.84, -0.95 (-0.88%). Anytime a stock is trading at 52 week high or all time high and it gaps higher, there is a likely change of a reversal. Not only that, but if the reversal does take place, a longer term top is usually in place and the stock will trade lower. Wall Street is seeing this on many stocks including Dupont (NYSE:DD) yesterday.

This price action on leading stocks continues to tell the world a near term top is close, if not already at hand. Bear flags on stocks like BA and DD should be played as shorts going forward. 

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

1

Market Action Extremely Bearish: Here Is Why

July 24, 2013 – Comments (2) | RELATED TICKERS: BRCM , IRBT

Stocks are still hovering near their all time highs. In fact, the S&P 500 is less than 1% away from their all time highs. While this may be the case, the bearish action in the market cannot be denied. The last two trading days, the markets have opened at a new all time high. Each day, the market has sold off sharply and closed on the negative side. This price action screams of institutional selling and distribution. The market is rolling over each day on extremely light volume which is unusual.

Another reason for this gap and crap type market action is the looming Federal Reserve policy statement next week. A growing concern of a pull back announcement in QE is causing some of this institution selling. Many top Wall Street players believe the Federal Reserve will announce that they will stop printing $85 billion per month, instead lowering it to $65 billion. The fear of this reduction seems to be causing profit taking.

Lastly, the markets are trading at all time highs with earnings that are not exactly stellar. Just today, stocks like Broadcom Corporation (NASDAQ:BRCM), iRobot Corporation (NASDAQ:IRBT), Panera Bread Co (NASDAQ:PNRA) are down sharply on earnings. Earnings all season have been anything but stellar, definitely not justifying the stock market levels seen lately.

This market is choreographing a pull back. Be warned. Read the charts, it says it everywhere. 

Gareth Soloway
InTheMoneyStocks.com  [more]

Recs

0

Base and Industrial Metals Weight on Markets

July 24, 2013 – Comments (0) | RELATED TICKERS: FCX , BHP , RIO

This morning, most of the leading base and industrial metal stocks are declining sharply lower. Stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), Rio Tinto plc (ADR) (NYSE:RIO), and BHP Billiton Limited (ADR) (NYSE:BHP) are all declining sharply lower to start the day. FCX stock should have intra-day support around the $28.26, and $27.81 levels. 

The base and industrial metal stocks are declining for two major reasons today. The first reason is due to a decline in China's HSBC Flash Manufacturing PMI index. The index reading came in at 47.7 indicating contraction in Chinese manufacturing. Next, the Caterpillar Inc earnings report was very poor and this is certainly confirming the poor economic news out of China. A further pullback in the base and industrial metal stocks is very likely in the near term. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Can Apple Hold This Level Into Earnings

July 23, 2013 – Comments (3) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is trading at $420.85, -5.46 (-1.28%), just thirty minutes prior to releasing earnings. This is a sharp pull back on a day when the markets are trading on the flat line. Many are speculating this price action may say something about the earnings being worse than expected. 

The key into the price action of Apple on earnings is a master level pivot line at $420 - $421. If Apple moves below that area, the stock could likely collapse on earnings. If it holds that area into earnings, upside is likely. Should it close the day between that $420 - $421 level, it is a 50/50. This is one of the biggest earnings announcements of the season and all eyes are glued to the screen.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

4

Why Federal Reserve Interest Rates Matter

July 23, 2013 – Comments (0)

The average investor has no idea why interest rates matter so much to the stock market. Most think it only comes into play in regards to the rate at which home buyers can get mortgages. While that is extremely important and a major economic player, it has little to do with the overall stock market on a day to day basis.  [more]

Recs

0

Disk Drive Makers Nose Dive

July 23, 2013 – Comments (0) | RELATED TICKERS: WDC , STX

Leading disk drive makers Seagate Technology Public Limited Company (NASDAQ:STX), and Western Digital Corporation (NYSE:WDC) are both trading sharply lower today. Both companies are scheduled to report earnings today. Money seems to be flowing out ahead of the earnings reports, so it is understandable that much of the good news might be already baked into the current stock price. Short term day traders should watch for intra-day support on STX stock around the $45.00 level. WDC stock will have intra-day chart support around the $67.50 level.

Nicholas Santiago
www.InTheMoneyStocks.com  [more]

Recs

0

Steel Stocks Are Positive, But How Much Upside Is Left?

July 23, 2013 – Comments (0) | RELATED TICKERS: X , MT , NUE

Today, most of the leading steel stocks are trading higher at the start of the trading session. Last night, the remarks from the Chinese Premier Li Keqiang mentioning that China's bottom line for economic growth is 7.0 percent is certainly helping the steel sector today. Recently, comments from China have been having a very short term effect on the industrial metal stocks. This tells us that the upside in the steel names could be very limited in the near term.

Some of the leading steel stocks that are trading higher today include United States Steel Corporation (NYSE:X), Steel Dynamics, Inc. (NASDAQ:STLD), Nucor Corporation (NYSE:NUE), and ArcelorMittal (ADR) (NYSE:MT). All of these important steel stocks have very little upside on the daily charts in the near term. Should these stocks form a consolidation pattern over the next week or two then these stocks could see further upside. X stock will have intra-day resistance around the $15.60, and $15.80 levels. The daily chart of X stock will have very good resistance around the $16.00 level. 

Nicholas Santiago
InTheMoneyStocks.com  [more]

Recs

0

Have The Transports Made A Short Term Top?

July 23, 2013 – Comments (0) | RELATED TICKERS: IYT , FDX , UPS

This morning, many of the leading transportation stocks are declining lower at the start of the trading session. This broad sector has been very strong since June 24, 2013 when the iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) traded as low as $106.32 a share. Many traders and investors view the transportation sector as a leading indicator for the stock market. Short term day traders should watch for intra-day support on the IYT around the $115.58 level. The daily chart will have important support around the $109.50 level.

Some of the leading transport stocks that are declining lower today include United Parcel Service, Inc. (NYSE:UPS), FedEx Corporation (NYSE:FDX), Kansas City Southern (NYSE:KSU), and Canadian National Railway (USA) (NYSE:CNI). Traders must watch each transportation stock on an individual basis as they will all have different chart formations. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Ford Bearish Daily Chart Setup

July 22, 2013 – Comments (2) | RELATED TICKERS: F

Ford Motor Company (NYSE:F) is forming a bearish daily chart. This classic action tells investors the stock will likely fall in the near future. Notice the sideways action ever since the top on July 15th and the sharp drop on July 16th, 2013. This inside bar action is known as a bearish formation. The current price of Ford is $16.96, +0.20 (1.19%). Downside targets would be at $16.00 and $14.50. The pattern would fail with any close above the 52 week high of $17.29.

Gareth Soloway
InThemoneyStocks.com
  [more]

Recs

0

Gold Miners Explode

July 22, 2013 – Comments (0) | RELATED TICKERS: GDX , AUY , GG

Precious metals have been one of the worse performing sectors recently. Today that is not the case, the SPDR Gold Trust (ETF) (NYSEARCA:GLD), and the iShares Silver Trust (ETF) (NYSEARCA:SLV) are outperforming every major industry group on the day. The move higher comes as the U.S. Dollar Index futures decline on the session. It should also be noted that the USD/JPY is also falling and that weak currency pair also helps the precious metals to rally higher. 

Some of the gold and silver mining stocks that are rallying higher today include Yamana Gold Inc. (USA) (NYSE:AUY), Goldcorp Inc. (USA) (NYSE:GG), and Pan American Silver Corp. (USA) (NASDAQ:PAAS). Traders that want to track and trade the gold mining sector should follow the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading higher by 6.23 percent at $27.48 a share. Short term day traders should watch for intra-day resistance around the $28.00 level. This industry group is showing tremendous intra-day relative strength today, so trying to fade this equity is going to be a tough endeavor. Traders should watch the USD/JPY, and the U.S. Dollar Index closely as the precious metals will generally trade inversely to the dollar. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Home-builder Stocks Could Be Talking Again

July 22, 2013 – Comments (0) | RELATED TICKERS: ITB , LEN , RYL

This morning, many of the leading home-builder stocks are coming under some early morning selling pressure. Earlier today, the National Association of Realtors said home sales fell 1.2 percent to an annual rate of 5.08 million units. This news seems to be having a slightly negative effect on the leading home-builder stocks such as Toll Brothers Inc (NYSE:TOL), M/I Homes Inc (NYSE:MHO), Lennar Corporation (NYSE:LEN), and the Ryland Group, Inc. (NYSE:RYL). 

Traders that want to track the home-builder sector can follow the iShares Dow Jones US Home Construction ETF (NYSEARCA:ITB). Today, ITB is trading lower by 0.36 cents to $22.87 a share. Day traders can watch for intra-day support around the $22.50 level. 

Traders should follow the home-builder sector very closely as it is such an important part of the U.S. economy. A fair case can be made that the home-builder stocks are a leading indicator for the economic recovery and the stock market. Currently, the leading home-builder stocks have been in a trading range since the start of the year. The key daily chart support level for the ITB is around the $20.00 level. Any significant break below that important support area could spell serious problems for  the home-builder sector and the U.S. economy. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Shipping Stocks On Alert: Economy Improves, Sector Near/At Lows

July 18, 2013 – Comments (0) | RELATED TICKERS: PRGN , GNK , DRYS

As the markets make new all time highs, one sector may be waking up and ready for a monster run. The shipping stocks have been hovering at multi-year lows for quite a while. With oil spiking (signaling economic improvement), the U.S economy improving (seen by economic news today) and the Federal Reserve not running away from QE, it may be the perfect environment for a sector wide move and short squeeze.  [more]

Recs

0

Boeing Is Back Into All Time Highs: How To Trade It

July 18, 2013 – Comments (0) | RELATED TICKERS: BA , SPY

The Boeing Company (NYSE:BA) is back into its $108.15 double top, all time high. Just last week, BA hit this $108 level and collapsed after a fire was reported at Heathrow Airport. The stock fell in one day from $108.15 to $98.99. This was an epic one day fall on heavy volume. Since then, the stock has spiked back into that same level. Based on the volume level and the significance of this high last week and in 2006, a pull back should come in. In addition, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is into a double top resistance area. Look for a pull back on Boeing off this level in the coming weeks.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

This Industry Group Leads The Markets Higher

July 18, 2013 – Comments (0) | RELATED TICKERS: BLK , GS , JPM

This morning, the leading financial stocks are rallying and carrying the Dow Jones Industrial Average to new all time highs. Earlier today, Morgan Stanley (NYSE:MS) reported corporate earnings that are being well received by the market moving institutions. Traders and investors should note that as long as the large financial stocks move higher the major stock indexes should also do well.

J.P. Morgan Chase & Co (NYSE:JPM) is the most important stock that any trader and investor can follow. In other words, this stock is the real bank of America. Today, JPM stock is trading higher by 0.75 cents to $56.02 a share. Short term day traders should watch for intra-day resistance around the $56.10, and $56.50 levels. The daily chart is also trading into an important double top resistance area from the May 31, 2013 high pivot, so the stock does have some daily chart resistance around the current level. 

Some of the other leading financial stocks that are trading higher today include Goldman Sachs Group Inc (NYSE:GS), and BlackRock, Inc. (NYSE:BLK). It should be noted that all of the financial stocks are in an uptrend and remain one of the leading industry groups in the stock market at this time. 

Nicholas Santiago
wInTheMoneyStocks.com
  [more]

Recs

0

Key Yahoo! Inc. Target/Top Quickly Approaches

July 17, 2013 – Comments (0) | RELATED TICKERS: YHOO

Yahoo! Inc. (NASDAQ:YHOO) reported earnings yesterday after the market closed. Wall Street loves them. The stock is trading at $29.51, +2.63 (9.79%). While the stock is trading sharply higher, a major target and possible top is now within easy reach. The level to watch here is the 2008 high at $30.25. This can be seen in the chart below.  [more]

Recs

0

Caterpillar Crawls Lower After Chanos Slams The Stock

July 17, 2013 – Comments (0) | RELATED TICKERS: CAT , JOY , DE

This afternoon, leading mining equipment stock Caterpillar Inc (NYSE:CAT) is getting slammed after famous short seller Jim Chanos says he is short the stock. Mr. Chanos sites a declining Chinese economy for the bearish call in CAT stock. 

CAT stock will have some intra-day support levels around the $84.93, $83.97, and $82.90 levels. These are day trading levels for the stock. Other leading mining equipment stocks that could also fall today on this news include Joy Global, Inc. (NYSE:JOY), and Deere & Company (NYSE:DE). 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

A Couple Of Dark Clouds

July 17, 2013 – Comments (0) | RELATED TICKERS: VMW , CTXS

This morning, there are two cloud computing stocks that are starting the trading day on the weak side. These two cloud computing stocks are Citrix Systems Inc (NASDAQ:CTXS), VMware Inc (NYSE:VMW). VMW stock is declining lower by 0.76 cents to $71.26 a share. Day traders should watch for intra-day support around the $69.59, and $68.70 levels. These are two areas where the stock can get an intra-day bounce. It is always very important to understand the chart pattern that a stock makes when it falls into that support, this pattern could increase or decrease the odd of the bounce in the stock.

Day traders can also watch CTXS stock to have intra-day support around the $65.32, $64.70, and $64.00 levels. Again, it will be very important to watch the intra-day chart pattern as price falls into these levels. As a rule, anytime price consolidates above a support level it will weaken that support area for the potential bounce. Remember, day trading is about putting the odds in your favor. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Home-builders Pullback Despite Lower Bond Yields

July 15, 2013 – Comments (0) | RELATED TICKERS: ITB , LEN , RYL

This morning, many of the leading home-builder stocks are coming under some selling pressure. The decline in the home-builder stocks comes despite a lower bond yield. Recently, the home-builder stocks have been trading inversely with the 10-year U.S. Treasury Note. Basically, when bond yields rise the home-builder stocks decline and vice versa. Today, the 10-year U.S. Treasury yield is lower by 3 basis points to 2.56 percent and the home-builder stocks are still struggling on the session.   [more]

Recs

1

Hi Yo Silver!

July 11, 2013 – Comments (0) | RELATED TICKERS: SLV , AG , PAAS

Silver and silver mining stocks are soaring higher today. The popular iShares Silver Trust (ETF) (NYSEARCA:SLV) has been under severe selling pressure lately. However since the Ben Bernanke comments yesterday about extending QE-3, the precious metal has surged higher by over 4.3 percent on today's trading session. Traders should note that the SLV is trading into an important daily chart resistance level at $19.29, this is the 20-day moving average. Should the SLV clear this level in the next few days the next important resistance area will be around the $20.05 level. 

Some other silver related equities that are rallying today include Silver Wheaton Corp. (USA) (NYSE:SLW), Pan American Silver Corp. (USA) (NASDAQ:PAAS), and First Majestic Silver Corp (NYSE:AG). Many investors should note that silver possesses the highest electrical conductivity of any element and the highest thermal conductivity of any metal. The precious metal is used in most radio radio-frequency devices such as smart phones. Silver is also highly affected by the value of the U.S. Dollar, usually the precious metal will trade inversely to the dollar.

Nick Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Financial Stock Slide Despite Market Rally

July 11, 2013 – Comments (0) | RELATED TICKERS: GS , JPM , WFC

This morning, many of the large financial stocks are declining from the highs at the start of the trading day. Leading financial giants such as Goldman Sachs Group Inc (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), and Citigroup Inc (NYSE:C) have given back the bulk of their gains from the opening bell. 

WFC stock has actually gone negative on the trading session. Day traders should watch for intra-day support around the $41.23, $41.00, and $40.80 levels. JPM stock will have intra-day support around the $53.42 level intra-day. Both companies will report earnings tomorrow morning before the opening bell at the New York Stock Exchange. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

0

Rackspace Falls Off The RAX

July 10, 2013 – Comments (0) | RELATED TICKERS: RAX

This morning, leading website hosting stock Rackspace Hosting Inc (NYSE:RAX) is declining sharply lower on the trading session. RAX stock is trading lower by $2.91 to $38.88 a share. This stock is giving up the daily chart 50-day moving average which is always a sign of weakness. Short term day traders can watch for intra-day support around the $37.14, and $36.02 levels. These are areas where an intra-day bounce could occur. 

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

1

Charts Reveal UPS Master Top Level

July 09, 2013 – Comments (0) | RELATED TICKERS: UPS , FDX

United Parcel Service, Inc. (NYSE:UPS) is surging today on FedEx Corporation (NYSE:FDX) rumors about Bill Ackman's Pershing Square and a possible deal. Both stocks are up substantially with FedEx coming into a major gap fill at $106.50. The key here is to look at UPS and note three major trend line top levels that coincide at the $91.00 level. With so many major resistance points in this range, a pull back becomes an obvious conclusion. Note the chart below.

Gareth Soloway
InTheMoneyStocks
  [more]

Recs

0

Base and Industrial Metals Lose Early Gains

July 09, 2013 – Comments (0) | RELATED TICKERS: FCX , VALE , RIO

Many of the leading base and industrial metals stock have declined from the start of the trading day. This industry group has been very weak over the past several months and continues to be weak on the daily charts. Most of the leading base and industrial metal stocks remain below the important daily chart 50, and 200-day moving averages.

Some of the leading base and industrial metal stocks that have lost ground from the opening bell include Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Rio Tinto plc (ADR) (NYSE:RIO), and Vale SA (ADR) (NYSE:VALE). Short term day traders should watch for intra-day support on FCX around the $26.97 level. This is an area where the stock could have an intra-day bounce. Remember, it is always important that a stock does not consolidate above a support level, if it does that level is more susceptible to failure.

Nicholas Santiago
www.InTheMoneyStocks.com
  [more]

Recs

0

Financial Stocks Dive After Higher Reserve Requirements

July 09, 2013 – Comments (0) | RELATED TICKERS: JPM , DB , WFC

This morning, many of the leading financial stocks have pulled back from the start of the trading session. The catalyst for the pullback in the financial stocks is due to new rules being proposed by U.S. bank regulators on minimum holding company debt requirements. 

Some leading financial stocks that have pulled back include JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC), and Bank of America Corp (NYSE:BAC). Short term day traders should watch for intra-day support on WFC around the $41.67, and $41.25 levels.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

1

Petroleo Brasileiro Petrobras Shows Possible Bottom

July 08, 2013 – Comments (0) | RELATED TICKERS: PBR

Petroleo Brasileiro Petrobras (NYSE:PBR) is acting like it has put in a near term bottom. There appears to be a buyer under the stock who is accumulating shares on any push down below $12.25. A good example can be seen on the 11:10AM ET ten minute candle. The PBR flushed down to $12.15. Within minutes, the stock shot back up to $12.32 in the 11:20AM ET candle. Last Friday, the stock flushed to a low of $12.03. Just two months ago the stock was trading near $20.00 per share. Today the stock has not fallen through the $12.03 low from Friday. I picked up a few shares as a day trade and will possibly hold them as a swing trade.  [more]

Recs

0

Home-builder Stocks Are Springing Leak

July 08, 2013 – Comments (0) | RELATED TICKERS: MHK , LEN , TOL

This morning, most of the leading home-builder stocks are giving up the early morning gains made at the start of the trading day. Recently, the leading home-builder stocks have been rolling over on the daily charts once interest rates began to rise. Since early May 2013, the yield on the 10-year U.S. Treasury Note has surged by more than a full point. This higher bond yield has also caused the interest rate on the 30-year mortgage to soar to 4.65 percent. Last month, qualified home buyers were able to get a 30-year mortgage around 3.50 percent, so it is easy to see how a surge in yields could slow down the important housing market.

Today, leading home-builder stocks such as Toll Brothers Inc. (NYSE:TOL), KB Home (NYSE:KBH),
Lennar Corporation (NYSE:LEN), and D.R. Horton, Inc. (NYSE:DHI) have all turned negative on the trading session. Many traders and investors can make a case that the housing recovery is the primary catalyst for any economic recovery in the United States. After all, just look at the recent strength in stocks such as The Home Depot, Inc. (NYSE:HD), Mohawk Industries, Inc. (NYSE:MHK), Lowe's Companies, Inc. (NYSE:LOW), and many others. If the home-builder sector starts to slow down this entire bull market could quickly come to an end.

Short term day traders can watch for intra-day chart support on Lennar Corp (LEN) around the $32.85, and $32.00 levels. LEN stock is considered to be one of the most important home-builder stocks that any trader can follow.

Nicholas Santiago
Inthemoneystocks.com
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Walter Energy, Inc. Break Out Level

July 03, 2013 – Comments (0) | RELATED TICKERS: WLT

Walter Energy, Inc.(NYSE:WLT) crossed the $10.00 level perfectly as predicted and is currently trading at $10.67. Many investors have emailed me asking if there is more upside to be had after this great call. The answer is most likely yes. In the chart below, please note the trend line that needs to be broken. Should it break, significant upside can be had. Upside target potential is to $11.80.  [more]

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Railroad Stocks Take the Southbound Train

July 03, 2013 – Comments (0) | RELATED TICKERS: KSU , UNP , NSC

This morning, most of the leading railroad stocks are declining at the start of the trading session. One of the leading stocks in the sector is Norfolk Southern Corp (NYSE:NSC). Today, NSC is trading lower by 0.53 cents to $71.70 a share. Day traders should watch for intra-day support around the $71.30 level. The daily chart is actually showing support at the current level and more chart support around the $69.75 area.

Some of the other leading railroad stocks that are trading lower today include Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU), and Canadian Pacific Railway Limited (USA) (NYSE:CP). Traders and investors will want to follow the progress of the highly controversial Keystone Pipeline. Should the pipeline get passed by the U.S. government it could hurt the railroad stocks which are transporting oil, coal, and natural gas throughout North America.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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Potash Corp. Day Trade Long Opportunity

July 02, 2013 – Comments (0) | RELATED TICKERS: POT

Potash Corp. (NYSE:POT) has a classic bull flag formation on the intra day chart. Just below current price there are two moving averages, the 20 and 50. They are joining forces  to put in support just below current price. With the holiday volume, POT is setting up as a solid long intra day trade for a float the rest of the day. It may give forth as much as $0.25 in upside. Use a stop of any closing candle below the two moving averages.

Gareth Soloway
InTheMoneyStocks.com
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Gold Miners Pullback, Watch these Levels

July 02, 2013 – Comments (0) | RELATED TICKERS: GDX

This morning, most of the leading gold mining stocks are pulling back to start the day. Day traders should watch the Market Vectors Gold Miners ETF (NYSEARCA:GDX) for guidance. Today, the GDX is trading lower by 0.63 cents to $24.25 a share. The intra-day support levels for the GDX are $24.05, $23.30, $23.34, and $22.95. All of these levels could see intra-day bounces if the correct patterns present themselves.

Traders should also note that the gold mining stocks will often trade inversely to the U.S. Dollar Index futures (DX-U3). Today, the U.S. Dollar Index futures are trading higher by 0.26 cents to $83.50 per contract. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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Home-builders Stocks In Quicksand Today

July 02, 2013 – Comments (0) | RELATED TICKERS: LEN

This morning, many of the leading home-builder stocks are sliding lower at the start of the trading day. Lennar Corp (NYSE:LEN) is one of the leading stocks in the sector. Today, LEN is trading lower by 0.37 cents to $35.09. Day traders should watch for intra-day support around the $34.95, and $34.40 levels. Please understand, the industry group is showing relative strength when compared to the S&P 500 Index today, so if the stock market declines the home-builder sector could decline further on the session.   [more]

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Chart On Watch: Goldman Sachs Bear Flag Formation

July 01, 2013 – Comments (0) | RELATED TICKERS: GS

As the stock market floats higher into the July 4th holiday, chart pattern setups start to take shape. Goldman Sachs Group Inc (NYSE:GS) is in the middle stages of forming a great bear flag under the 50 moving average as the 20 moving average slopes into price. This will likely setup as a great bear flag short later this week or early next week.


Gareth Soloway
InTheMoneyStocks.com
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Gold Miners Stall Out, But There Are Still Opportunities

July 01, 2013 – Comments (0) | RELATED TICKERS: GDX , GOLD , NEM

This morning, the major stock indexes are all rallying higher at the start of the trading session, but the gold mining stocks are not participating. Today, the Market Vectors Gold Mining ETF (NYSEARCA:GDX) is trading lower by 0.10 cents to $24.39 a share. Day traders can watch for intra-day support levels around the $24.00, $23.70, and $23.34 levels. The daily chart of the GDX still remains in a vulnerable position by trading below the important 20 and 50-day moving averages. This tells us that swing traders will want to remain very short term as volatility is likely to remain high in the gold mining sector.

Some leading gold mining stocks that are declining lower today include Randgold Resources Limited (NASDAQ:GOLD), Newmont Mining Corporation (NYSE:NEM), and Barrick Gold Corporation (NYSE:ABX). Most of the leading gold mining stocks also remain very weak on the daily charts at this time. Traders and investors must expect this industry group to remain volatile in the near term.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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