The stock market has surged sharply higher since the fiscal cliff vote in the United States in early January. The bulls have run wild at the start of the new year. Many talking heads in the financial media have now started to say that money is coming into stocks instead of the usual mutual fund outflows that have been occurring since 2008. Often, when the public starts to get excited about the stock market it is time for a correction to occur in the markets. Continue
Added by inthemoneystocks on January 24, 2013 at 12:45pm —
Chevron Corporation (NYSE:CVX) is trading at $115.43, +1.46 (1.28%). The key to this price point is the gap window. Note the chart below. Generally, stocks will see a pull back off gap window prior to going to gap fill which is at $117.35. Continue
Considering a proprietary time count is seen here as well, there is a solid chance of a pull back in the next few days.
Added by inthemoneystocks on January 17, 2013 at 2:06pm —
Apple Inc. (NASDAQ:AAPL) has started to fall again, trading at $527.06, -15.04 (-2.77%). Many investors and analysts are perplexed, wondering whether it is headed to new 52 week lows, below $500.00 per share. The charts tell the truth and will be explained below. Continue
Note the bottoming tail on November 16th, 2012. That was the low pivot in the second half of 2012 and even though the price was retested and pierced, it never closed below that low. This puts a line in…
Added by inthemoneystocks on January 4, 2013 at 1:14pm —
The market pushed higher again today. The last two trading days erased the sharp Tuesday decline. The collapse on Tuesday was the biggest point drop of 2012. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.76, +1.07 (0.79%). While most amateurs have regained their bullish composure, the true pro traders are still skeptical. With the SPY hovering at gap fill and the markets yet to take out their 52 week highs, the bullish case is still lacking. Continue
This bullish action is ahead…
Added by inthemoneystocks on March 8, 2012 at 1:24pm —
The markets are floating higher today after an agreement was reached on a second Greek bailout. This market float is the same light volume we have seen for almost two months now, no change based on the European news. Based on the market reaction, the bailout was fully expected and priced in. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.80, +0.39 (+0.29%). Continue
After options expiration ended on Friday, Apple Inc. (NASDAQ:AAPL) found itself near the $500.00 level. Always…
Added by inthemoneystocks on February 21, 2012 at 1:39pm —
As Facebook prepares to go public, anything in the social networking space has seen a monster increase in value. Stocks like Linkedin Corporation (NYSE:LNKD) are jumping today, trading at $76.45, +4.08 (+5.64%). In addition, Chinese social player Renren Inc. (NYSE:RENN) is trading at $5.63, +0.62 (+12.38%). While these stocks have already run higher and are no longer plays, it is interesting to think about other sympathy plays that may run. The key is to look for the extension to the social… Continue
Added by inthemoneystocks on February 2, 2012 at 1:54pm —
This morning, all of the leading financial stocks are trading higher. When the financial stocks rally it is usually a good sign that the major stock market indexes will hold up. Traders should follow Financial Select Sector SPDR (NYSE:XLF) closely. The XLF has started higher by 0.16 cents to $12.73 a share. Short term traders should watch for intra-day resistance around the $12.75, and $12.90 levels. If the XLF starts to retreat from the morning highs it is a good chance that the stock… Continue
Added by inthemoneystocks on December 15, 2011 at 11:44am —
The solar sector is finally participating in a rally. Throughout 2011, the solar stocks have fallen, even during great market moves to the upside. The obvious issue has been margin pressure and the problems in Europe. Europe has long been one of the biggest buyers of solar energy. Austerity measures have meant major cutbacks in solar installations. In addition, overproduction of solar cells from China have caused major price cuts. Prices of solar panels have fallen off a cliff in 2011 and… Continue
Added by inthemoneystocks on November 30, 2011 at 1:45pm —
All traders and investors should be watching the financial stocks very closely. When these stocks catch a bid or rally higher the major stock indexes will usually rally or hold up. This morning, many of the leading financial stocks are trading in positive territory while the major stock indexes begin the day lower. If these leading financial stocks can hold up today the major stock indexes are likely to stave off another sharp decline. J.P. Morgan Chase & Co… Continue
Added by inthemoneystocks on October 3, 2011 at 10:34am —
Nearly every day the major stock indexes gap up sharply or gap down sharply. The stock market participants are extremely focused on every rumor or word coming out of the European Union. Who really knows what to believe at this point? One day Greece is going to be bailed out again, the next day Greece is going to default. One day Germany says they will bailout the Euro Union, the next day they will not. This news is absolute insanity for anyone that trades off of news or the so called… Continue
Added by inthemoneystocks on September 29, 2011 at 10:31am —
This morning, the central bankers of the world have staged a coordinated effort to provide U.S. Dollar liquidity. In other words, the central banks will try to crush the U.S. Dollar in order to inflate the stock market higher. Traders must continue to watch a chart of the U.S. Dollar Index very closely. Over the past three trading sessions the U.S. Dollar Index has declined sharply causing the stock markets to inflate and stage a three day rally. Simply put, the U.S. Dollar Index is… Continue
Added by inthemoneystocks on September 15, 2011 at 10:38am —
The stock markets have rallied higher over the past week for several reasons. The first and most important reason for the stock market rally has been the comments of the Federal Reserve. Since the Jackson Hole speech by Federal Reserve Chairman Ben Bernanke the stock markets have rallied higher on expectations of a September quantitative easing.
Nearly every investor is expecting the Federal Reserve to begin another round of quantitative easing. It is important for all traders… Continue
Added by inthemoneystocks on August 31, 2011 at 10:30am —
Once again, it goes to show you how the market always knows the truth. Bank Of America Corp.(NYSE:BAC) gets Warren Buffet as an investor this morning. This investment that was made public around 9:10 am EST, it is causing a massive short squeeze in the Bank of America stock. BAC stock is trading higher by more than $1.50 to $8.55 a share. Traders can watch for other financial stocks to trade higher in sympathy to the BAC stock. Other leading stocks that could trade higher this morning… Continue
Added by inthemoneystocks on August 25, 2011 at 9:59am —
Once again, the major stock indexes are tumbling lower after the European Union continues to remain under heavy selling pressure. Italy, Spain, and even France may need to be bailed out in the near future. Traders and investors must remember that Greece was already bailed out for a second time in a year. Ireland, and Portugal could face a similar fate. When do the problems in the European Union begin to finally be resolved? The answer to that question is unknown at this time. This… Continue
Added by inthemoneystocks on August 4, 2011 at 10:00am —
Once again, as soon as the U.S. Dollar Index futures begin to trade higher the major stock indexes deflate and retreat quickly. This inverse relationship between the U.S. Dollar Index and the major stock indexes has been going over for about 10 years now. From time to time, the inverse correlation will break apart, however, that rarely occurs. This morning, traders can clearly see in chart below at how the up ticking U.S. Dollar Index will send the major stock indexes lower. The U.S.… Continue
Added by inthemoneystocks on July 22, 2011 at 10:54am —
This morning, the major stock indexes are surging higher. There are two leading tech stocks that are not participating in today's early morning rally, they are VMWare Inc.(NYSE:VMW) and NetApp Inc.(NASDAQ:NTAP).
NetApp Inc. is trading lower this morning by 0.27 cents to 453.25 a share. Traders can watch for short term intra-day support at $52.80 level. This is where the stock could see a small bounce intra-day.
VMWare Inc. is another leading tech stock that is… Continue
Added by inthemoneystocks on July 7, 2011 at 10:36am —
Greece continues to drag the Euro down. Almost every night there seems to be another dramatic issue bubbling up from the most troubled European country. The CurrencyShares Euro Trust (NYSE:FXE) is getting pounded on the back of these worries, trading at $142.23, -1.69 (-1.17%). As the Euro falls, the Dollar soars. As the Dollar soars, the markets collapse lower. Note how the Dollar bottomed in early May. This was the same time the stock market topped.
While Greece continues to bring… Continue
Added by inthemoneystocks on June 15, 2011 at 12:19pm —
The markets sold off early in the session, tagging a master pivot low from April 18th, 2011. This low on the SPDR S&P 500 ETF (NYSE:SPY) was at $129.55. This level represents a short term major support for the market and it is very possible a multi day bounce will occur. In addition, sentiment is about as bearish as it has been in 2011. This also works as a solid contrarian indicator telling us a small bounce is on the horizon.
Key stocks are also hitting major support areas… Continue
Added by inthemoneystocks on June 6, 2011 at 12:11pm —
WalMart Stores Inc.(NYSE:WMT) is the world's largest retail company. The stock is pulling back a bit this morning. Short term traders can look for intra-day support around the $55.00 area. Traders should just look for a quick bounce around that level.
Added by inthemoneystocks on May 10, 2011 at 11:19am —
The S&P 500 Index futures(ES M1) are trading higher by 2.00 points to 1304.25 per contract. Nearly every morning we see the futures trading higher before the opening bell at the New York Stock Exchange. At this time oil is trading lower by 0.83 cents to $103.16 a barrel and this could be helping the futures market this morning.
Last night the Asian markets were mixed. The Nikkei Index(Japan) was slightly lower trading down by 0.21 percent. The Hang Seng Index(Hong Kong)… Continue
Added by inthemoneystocks on March 29, 2011 at 9:23am —