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Oil Services Stocks Run Out Of Steam Early
This morning, all of the leading oil service stocks are coming under selling pressure. The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by $2.25 to $128.85 a share. Short term traders can watch for intra-day support around the $128.00, and $127.00 levels. Traders can watch for intra-day bounces around these levels. ...Continue reading here: http://bit.ly/yUlCpx
Financial Stocks Dip Early, Watch These Levels
J.P. Morgan Chase & Co (NYSE:JPM) is considered the leading financial stock in the United States and possibly the world. This morning, JPM is coming under some early selling pressure. This important financial stock is trading lower by 0.42 to $37.72 a share. Short term traders can watch for intra-day support around the $37.55, and $37.40 areas. The daily chart of JPM is still very strong and the stock remains in an uptrend. ...Continue reading here: http://bit.ly/yrV7rq
3 Reasons Why The Stock Market Should Close After The Super Bowl
Last night, the New York Giants defeated the New England Patriots in the highly anticipated Super Bowl. The game was watched by more than 100 million viewers. The day after the Super Bowl should simply be declared a national holiday in the United States. Many stores could hold sales and promotional events to try and generate business leading up to the game and even the day after the event. Here are the three reasons why the stock market should be closed the day after the Superbowl: ...Continue reading here: http://bit.ly/wzVPsR
History Repeating Itself: Market Collapse Signs
As the market trades near 52 week and multi year highs, the media continues to pump an economic recovery that has every retail investor turning into a bull. Strange and scary coincidences are emerging in comparison to previous market mega drops. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $134.21, -0.36 (-0.27%). ...Continue reading here: http://bit.ly/zxk17h
The U.S. Dollar Index Drives Every Move
Once again, the U.S. Dollar Index futures (DX H2) declined at 9:30am EST to help keep the major stock indexes from declining further. Nearly every trading day that the U.S. Dollar Index starts the day higher; then proceeds to fade once the stock market opens. Traders must remember, if the U.S. Dollar Index rallies higher throughout the trading day the major stock indexes will likely come under some selling pressure. The trading volume is extremely light today as the majority of market participants recover from a late night watching the Superbowl. ..Continue reading here: http://bit.ly/wEl4qX
Chinese ADR's Get Swallowed By The Dragon
This morning, all of the leading Chinese ADR's are coming under sharp selling pressure. Sohu.com Inc (NASDAQ:SOHU); a leading the Chinese ADR, is trading down $9.43 to $53.62 a share. The company reported earning that were well below analyst expectations. Many investors are now thinking that other leading Chinese ADR's will report weaker than expected earnings going forward. SOHU stock will have intra-day support around the $52.75, and $48.90 levels. ...Continue reading here: http://bit.ly/xQDkdD
Stock Market Trade Setups And Analysis Video...
The markets are looking at life after a solid Non Farm Payrolls Report. The rally on Friday took the SPDR S&P 500 ETF(NYSEARCA:SPY) through key resistance at $133.30 but into another wall at $134.65. With more resistance looming, the markets will need the light volume to continue to go higher. In addition, with little earnings and economic news this week, all eyes will be back on Europe. This weekend, rumblings about a Greece default have increased. In addition, later this week key economic data will be released from China. This will influence the...http://bit.ly/xsq3OF
Casino Stocks Are A Wild Card
Wynn Resorts Ltd (NASDAQ:WYNN) is considered the leading casino stock in the market. This morning, WYNN stock is trading lower by $5.27 to $115.59 a share. Yesterday after the closing bell, the company released earnings that were below analyst expectations. WYNN stock has been struggling to trade above the December 2011 highs which tell us that the stock has weak relative strength. Traders can watch for intra-day support around the $114.00, and $112.00 levels. ...Continue reading here: http://bit.ly/ynud2K
The Levels To Know In The Stock Market
Tomorrow morning, prior to the stock markets open, Non Farm Payrolls will be reported along with the Unemployment Report. This number will guide the markets for one day but have little long term impact. In 2012, volume has been missing. This is mainly due to the lack of buying by institutions. If institutions are not buying, we should all be aware and on alert. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $132.62, +0.15 (0.11%). ...Continue reading here: http://bit.ly/z0ApB4
Facebook Craze Means Mobile Ad Stocks May Run
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 networking websites, what will the publicity of social media attract. ...Continue reading here: http://bit.ly/A5amC6
Financial Stocks Hold All The Cards
The leading financial stocks have been rallying higher since late November 2011. Many traders have discovered that J.P. Morgan Chase & Co (NYSE:JPM) seems to be the most important financial stock in the market at this time. This stock remains very strong on the daily chart. JPM stock is trading above the important daily chart 50, and 200 moving averages which signals strength in the near term. Traders must watch the big resistance levels that will approach around the $40.00 area. This is a level where the stock will face some major headwinds. Often, the action in the financial stocks will dictate the moves in the overall stock market indexes, therefore, this stock market rally could hold up until that time. JPM stock will have intra-day resistance around the $38.25 area. ...Continue reading here: http://bit.ly/wpZEmM
Visa & MasterCard Lead Markets
This morning, Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are surging sharply higher. The catalyst for the rally in these two leading stocks is a strong reaction to the MasterCard earnings announcement. MA stock will have some short term intra-day resistance around the $385.00 level. Visa Inc stock is obviously trading higher in sympathy to the MasterCard earning report. Visa stock is now trading at a new all time high at $106.13 a share. ...Continue reading here: http://bit.ly/AxkmF2
The Focus Must Be On The Dollar
This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher by 1.50 points to 1321.25 per contract. Once again, traders can either try and follow the news out of Europe and Asia, or they can follow the action in the U.S. Dollar Index. All traders and investors should recognize that the major stock indexes continue to trade inverse to the U.S. Dollar Index. If the U.S. Dollar Index declines the stock and commodity indexes will inflate and trade higher. The opposite is true if the U.S. Dollar Index rallies, the stock and commodity indexes will decline and deflate lower. It seems to be that simple at this time. ...Continue reading here: http://bit.ly/yqLJxC
Financial Stocks Rally Strong But Hit Key Resistance
As the market heads higher, the financial stocks lead the way. These gains continue to mount as concerns over Europe remain muted and economic news from China is strong. Stocks like JPMorgan Chase & Co. (NYSE:JPM) are up from a late November low of $28 and now hover at $38.00 per share. This massive spike is seen in almost all financial stocks. ...Continue reading here: http://bit.ly/xW5KbC
Markets Shoot Higher But $133.30 Looms Large
The markets are rallying today on the back of China's official Purchasing Managers' Index. This economic number came in better than expected and has the SPDR S&P 500 ETF (NYSEAMEX:SPY) trading at $132.71, +1.39 (+1.06%). The markets are still stuck below the master resistance level of $133.30 on the SPY. This level represents major resistance on the markets. ...Continue reading here: http://bit.ly/AaVfqa
Gasoline Nears Six Month Highs, Here Is The Reason
Nearly everyday we hear about the problems in the Middle East with Iran. While there could be conflict with the oil producing nation; it is important to realize that this is not causing gasoline to increase in price. Gasoline has been steadily rising over the past four months and is now trading near a six month high. On December 16, 2011 the United States Gasoline Fund (NYSE:UGA) was trading as low as $45.17 a share. This morning the UGA is trading higher by 0.64 cents to $53.14 a share. Last week, the UGA made a new five month high at $53.78 a share and remains strong on the charts at this time. ...Continue reading here: http://bit.ly/ypuHRZ
Intra Day Support And Resistance Levels On The QQQ
The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) made a new 52 week high by $0.06 today. This minor high is also known as a classic double top. The technology index fell sharply off that level and is now trading near the lows of the day. The chart below shows the key support and resistance levels on an intra day basis. In addition, the chart shows the 20, 50 and 200 moving averages on a ... Continue reading here: http://bit.ly/yxBJ8S
Multi-Year Market Trend Line And Hype Is Key To Top
After an impressive recovery yesterday, the markets opened nicely higher today. These light volume floats in the market are normal in 2012 and have helped keep stocks near their 52 week highs. However, major technical issues are showing themselves and downside looks unavoidable. ...Continue reading here: http://bit.ly/AyAzPk
Mirror Opposites
The chart below basically says it all. The green and red bars represent the U.S. Dollar Index futures (DX H2), the black and white bars represent ...Continue reading here: http://bit.ly/wfBvJU
Can The Markets Defy Gravity Again?
Nearly every trading day the major stock indexes will decline before the noon hour. This decline in the major stock market indexes usually leads to a light volume rally that lasts into the close. For example, yesterday the major stock indexes dropped sharply lower at the open only to find a low after the first hour and trade basically unchanged by the closing bell. This type of activity occurs nearly every trading day since December 19, 2011 when the Dow Jones Industrial Average (DJIA) traded as low as 11,231.56. Today, the DJIA is trading around the 12,700.00 level which is close to a six month high. ...Continue reading here: http://bit.ly/zdzSu3
Light Volume And The Falling U.S. Dollar Keep Markets Buoyant
Nearly every trading session over the past month the major stock indexes rally after an initial morning decline. Some investors may view this action in the market as a sign of strength, however, the trading volume remains extremely light. Light volume will usually indicate a lack of institutional participation, or conviction by the big boys. This stock market looks to be moving higher by a handful of big firms that have the means to buy every market dip. Some traders and investors believe that the central banks are basically telling the market moving firms to be in risky assets; they have promised to keep rates at extremely low levels for lengthy periods of time. It is important to note that the federal funds rate has been at zero to a quarter percent since December 2008. ...Continue reading here: http://bit.ly/w7k14M
Light Volume Stock Market Float
Light volume is saving the day once more. After an ugly gap lower, the markets are floating back towards the flat line. This is classic behavior for a market without volume. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $131.10, -0.63 (-0.48%). ...Continue reading here: http://bit.ly/xoMP35
Proprietary Stock Market Levels Bring Profits
Stocks opened sharply lower to start the week. The drop was driven by issues bubbling up out of Europe once again. While these European issues came up early Monday morning, a master target had been achieved late last week in the markets. This level was $133.30 on the SPDR S&P 500 ETF (NYSEARCA:SPY) and had been given to members weeks in advance. As the proprietary analysis proved again, knowing these levels can make you millions. Members shorted the market last Thursday when the SPY hit $133.30. Since then, profits have swelled. ...Continue reading here: http://bit.ly/AxcW7d
Retail Under Early Pressure
Most of the leading retail stocks are coming under early selling pressure. The Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by $1.31 to $116.25 a share. This tells us that the majority of leading retail stocks are declining at the start of the day. Traders can watch for intra-day support around the $115.50, and $114.25 levels. ...Continue reading here: http://bit.ly/x6rhn8
Commercial Real Estate, Here Is The Trade
The commercial real estate sector has been on fire since October 4, 2011. At that time, the iShares Dow Jones Real Estate ETF (NYSE:IYT) traded as low as $46.70 a share. Last week, the important IYR closed at $60.78 which is a new six month high. This rally has been nothing short of sensational for the entire sector. The IYR is now overbought and extended in the short term on the daily chart. Traders must begin to look for a pullback or at least some consolidation in the near term. The near term resistance levels for the IYR are around the $62.00, $70.00, and $74.50 areas. Should the IYR decline from its current price traders should watch for near term support around the $57.30, $56.10, and $55.00 levels. ...Continue reading here: http://bit.ly/x3v2cJ
Next Week: Stocks Set To Sell
The markets put in a key pivot top this week. The master $133.30 on the SPDR S&P 500 ETF (NYSEARCA:SPY) was hit. This was the target for the end of the January move, prior to a pull back. Sure enough, the markets have started pulled back. Today, the S&P 500 is floating flat to slightly lower. Flat is normal on a Friday when volume dies out by 11AM ET. ...Continue reading here: http://bit.ly/ADH5pt
Oil Services Stocks Fuel Higher
This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by $2.17 to $126.16 a share. It seems that there was favorable court ruling for Transocean Ltd (NYSE:RIG) regarding the Deepwater Horizon oil spill. RIG stock is trading higher by $1.53 to $48.76 a share. Leading oil services stocks such as Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Sclumberger Ltd (NYSE:SLB) are all trading higher this morning. It is important to note that all of these stocks are trading near short term resistance levels on the daily charts. ... Continue reading here: http://bit.ly/yHf9La
It's A Dollar Story
For over ten years now the major stock indexes have traded inverse to the U.S. Dollar Index. That inverse relationship is back in full force today. Anyone can easily see how the S&P 500 Index e-mini futures (ES H2) jumped off the morning lows as soon as the U.S. Dollar Index tumbled lower. All traders and investors should have a chart of the U.S. Dollar Index futures (DX H2) up at all times. If traders do not have the U.S. Dollar Index chart available the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) will mimic the action in the dollar. ...Continue reading here: http://bit.ly/zcDXr7
Small Biotechnology Stocks Roar, Profit Now
Talk about large pharmaceutical companies buying small biotechnology firms is all the rage. The idea behind this talk is large companies have almost no pipeline of drugs and a tiny growth rate. They need to buy smaller companies with good drug pipelines to increase shareholder value. ...Continue reading here: http://bit.ly/zcCb0f
Markets Hit Master Level, Correction Coming
The markets pushed into the master $133.30 level on the SPDR S&P 500 ETF (NYSEARCA:SPY). This level was given to members weeks ago as the probable short term top on the market. Sure enough, this level was hit early in the trading day and the markets reversed immediately. Obviously, shorts were taken and are in the money already. A negative close today would solidify a short term market top. ...Continue reading here: http://bit.ly/A3oEJW
Don't Believe The Hype
Nearly everyday since December the media reports how good things are getting in the economy. This report was better than expected, that report is better than expected and everyone is working again. While the economy might be healing in some way investors must ask themselves why the Federal Reserve is continuing to promote low rates until late 2014. The central bank is clearly dangling the carrot in front of the institutions to buy equities and inflate this market higher. Gold is the ultimate barometer of inflation and yesterday gold soared. The SPDR Gold Shares (NYSEARCA:GLD) rallied by nearly $5.00 after the Federal Reserve announcement yesterday afternoon. ...Continue reading here: http://bit.ly/x664Bf
Falling U.S. Dollar Inflates Markets
This afternoon, the Federal Reserve Bank announced that they will keep the fed funds rate at zero to a quarter percent until the end of 2014. This statement by the central bank has caused the U.S. Dollar Index to plummet intra-day. As we all know by now, when the dollar dips the markets flip. Everything in the market has rallied higher. Gold, silver, copper, oil, and just about every other commodity has soared since the announcement. The SPDR Gold Shares (NYSE:GLD) have jumped higher by $4.19 to $166.21 a share. Gold is the ultimate barometer of inflation and it will usually lead the stock market. ...Continue reading here: http://bit.ly/wb9GxR
Weakness After AAPL Signals Coming Sell Off
You could hear the cheer from CNBC commentators as Apple Inc. (NASDAQ:AAPL) reported monster earnings. This truly was a great earnings report. The jubilation started in the media and spread to the little investor. Proclamations of 1380 on the S&P 500 were constant along with "tomorrow" will be a monster up day in the markets. ...Continue reading here: http://bit.ly/w1xNcv
Integrated Energy Out Of Fuel This Morning
The leading integrated energy stocks are all coming under some early selling pressure this morning. Exxon Mobil Corp (NYSE:XOM) is now the second largest company by market capitalization behind Apple Inc (NASDAQ:AAPL). This leading energy stock is trading lower by $1.00 to $86.17 a share. Exxon Mobil stock has been very strong as of late on the daily chart and today's pullback is rather healthy for the energy heavyweight. This giant energy company will have intra-day support around the $85.85 area. ...Continue reading here: http://bit.ly/wrCgdW
Chips Are Not Following Apple's Lead
This morning, nearly every trader and investor is behaving giddy over the Apple Inc (NASDAQ:AAPL) earnings report. Most traders and investors expected the tech sector to be soaring higher, however, that is not the case. Many of the leading semiconductor stocks are pulling back form the morning highs. It is important for traders and investors to realize that the semiconductor sector is now very extended and overbought on the daily charts. These stock will usually need to pullback or consolidate from the current extended levels. ...Continue reading here: http://bit.ly/yqYWna
Financial Stocks Are Dipping Early
This morning, the leading financial stocks are coming under some early selling pressure. Since December 19, 2011 nearly every morning decline in the financial stocks has been bought in the latter part of the trading day. Last night, President Obama said that the banks would not be bailed out again and they would not be allowed to gamble the way they have in the past. This statement by President Obama could be having a negative effect on the financial stocks today. ...Continue reading here: http://bit.ly/w6y1UL
Steel Stocks Refuse To Bend
This afternoon, all of the leading steel stocks are holding up very well. The strength in the steel sector is partly coming from a weaker U.S. Dollar Index. All traders should remember that anything that contains a metal will benefit from a weak dollar. Leading steel stocks such as U.S. Steel Corp (NYSE:X), Nucor Corp (NYSE:NUE), AK Steel Holdings Corp (NYSE:AKS), and Steel Dynamics Inc (NASDAQ:STLD) remain strong on the daily charts. These stocks look as if they could have a little more upside in the near term. ...Continue reading here: http://bit.ly/zJ2WUv
Alert: Sympathy Play To SBSA Is ROIAK
Spanish Broadcasting System Inc (NASDAQ:SBSA) is up another 20% today. The stock has soared over 100% in the last four trading days after reporting better than expected earnings. This run is a combination of solid earnings and an epic short squeeze. While this stock is too extended to play, Radio One, Inc. (NASDAQ:ROIAK) is the obvious sympathy play. The chart is hovering near the 52 week lows and is in the same sector as SBSA. This makes sense on many levels but lacks the volume to get attention. Watch for a volume surge and then momentum traders to pile in. Upside potential is north of $1.50 if this gets started. ...Continue reading here: http://bit.ly/zafTvB
Small Investors Keep Market Up As Institutions Enjoy
The markets are hovering slightly lower on the day. Overnight, more worries crept out of Greece causing the futures to fall and the Dollar to pop. However, once the market opened, the light volume float was back on. This has been the common theme of late and is likely to continue as long as volume remains light. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $131.26, -0.32 (-0.24%). ...Continue reading here: http://bit.ly/w6HZ42
Cloud Stocks Are Rising
This morning, all of the leading cloud computing stocks are trading higher despite a slightly weaker stock market. Leading cloud computing stocks such as VMWare Inc (NYSE:VMW), Salesforce.com Inc (NYSE:CRM), Riverbed Technology Inc (NASDAQ:RVBD), and Citrix Systems Inc (NASDAQ:CTXS) are all sharply higher at the start of the trading session. It is important to note that these market leaders are coming into short term daily chart resistance. ...Continue reading here: http://bit.ly/wtcz6k