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Apple Falls From The Tree Before Earnings, Watch These Levels
Apple Inc (NASDAQ:AAPL) is declining lower this morning with the major stock indexes. APPL stock is trading lower by $3.70 to $423.70 a share. The popular tech stock will usually hold up well and often rally into earnings. Short term traders can watch for intra-day support around the $422.00, and $419.00 levels should the stock trade down there. As for how the stock will react after the earnings announcement this afternoon is anyone's guess. Trading a stock into earnings is a very risky gamble as the reaction after the announcement could go either way. ...Continue reading here: http://bit.ly/A7PqOH
Transports Ship Markets To The Downside
Many traders and investors will follow the transportation index very closely. When the transport stocks trade higher it is usually considered a sign of expansion and economic growth. On the flip side, when the transport stocks decline or sell off it is usually a sign of economic contraction and slower economic growth. This morning, the iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by $1.57 to $91.86 a share. This is a 1.60 percent decline for this leading and highly followed sector. Short term traders can watch for some intra-day support around the $91.50, and $91.00 levels. ...Continue reading here: http://bit.ly/xppsPf
Natural Gas Bottom In Place
Natural gas staged an impressive reversal this morning. Chesapeake Energy Corporation (NYSE:CHK) said they would shut down some of their natural gas production based on the current price of the commodity. This is a clear indication that natural gas has reached a bottom. Why? Because traders now have a firm price level where companies are going to cease natural gas exploration and production. At its level, natural gas is not profitable to companies. This means production will eventually fall and supply will meet demand. The bottom is in for natural gas. Eventually, as natural gas is used more widely, price will rise. ...Continue reading here: http://bit.ly/w0d8U0
Weaker Dollar Is Lifting Commodities Higher
The U.S. Dollar Index is still the driving force behind every commodity move. This morning, the U.S. Dollar Index futures (DX H2) are trading lower by 0.53 cents to $79.69 per contract. When the U.S. Dollar Index declines it will usually mean that most every commodity will trade higher. That is certainly the case this morning as oil, copper, soybeans, wheat, rice, gold, and silver are all on the rise. ...Continue reading here: http://bit.ly/xmFDlJ
Oil Services Slide Early
This morning, all of the leading oil services stocks are declining lower. Earlier today, Halliburton Co (NYSE:HAL) reported earning that were below investors expectations. The stock is trading lower by $1.30 to $34.91 a share. Short term traders should watch for intra-day support around the $34.50 and $33.85 levels. The stock could see short term intra-day bounces from this area. ...Continue reading here: http://bit.ly/y9ZUsN
Copper Finally Pulls Back
Copper has been in rallying mode since December 15, 2011. At that time, the iPath Dow Jones Copper Subindex Total return ETN (NYSEARCA:JJC) was trading as low as $42.64 a share. This morning, the JJC is trading lower by 0.57 cents to $48.56 a share. Short term traders can watch for intra-day support around the $48.40, and $47.85 levels.
Transports Are Sending Mixed Signals
Yesterday, the Dow Jones Transportation Index ETF (NYSE:IYT) closed sharply higher making a new five month high. The IYT has rallied higher by $23.00 since the ETF traded as low as $70.81 a share on October 4, 2011. Short term traders can watch the IYT to have intra-day support around the $93.75 and $93.00 levels. ...Continue reading here: http://bit.ly/wFreQL
NASDAQ 100 Double Tops Prior To Big Tech Earnings
The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is trading at $59.96, +0.47 (+0.79%). This happens to be a double top from July 2011 and multi year high. Generally, this would be considered resistance on the charts. In addition, one must find it very interesting to notice this level getting tagged prior to major earnings from tech companies. After the markets close today, earnings from Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), International Business Machines Corp. (NYSE:IBM) are scheduled to be reported. Perhaps this level of resistance is actually telling something about earnings today. ...Continue reading here: http://bit.ly/zg3b7z
Short Squeeze: THQI Ready To Blow
THQ Inc. (NASDAQ:THQI) has over 20% of the float shorted. This is a whopping 12 million shares. To find out whether or not a short squeeze will soon occur one must look closely at the details of the company. First, the market cap sits at $47 million while cash sits at $51 million. This shows us a company trading below cash value. While hemorrhaging money, the company still does revenues of around $800 million. ...Continue reading here: http://bit.ly/x35900
Cloud Stocks Fly
All of the leading cloud computing stocks are surging higher this morning. The catalyst for the rally in the popular cloud computing stocks is due to the strong positive reaction to the F5 Networks Inc (NASDAQ:FFIV) earnings. This morning, FFIV stock is trading higher by $12.30 to 120.70 a share. This rally is helping to lift the entire sector. FFIV stock is very strong today, traders should watch for short term intra-day resistance around the $121.00 area. ...Continue reading here: http://bit.ly/y4AjlM
How Much Fuel Is Left In The Oil Services Stocks?
The oil services sector has been very strong since December 19, 2011. The Market Vectors Oil Services ETF (NYSE:OIH) is trading higher again this morning. The OIH is climbing higher by $1.73 to $122.91 a share. Traders must watch for upside resistance on the daily chart around the $124.75 level. Short term traders can watch for intra-day resistance around the $123.50 and $124.00 levels. ...Continue reading here: http://bit.ly/yrYKZR
Cloud Stocks To The Moon Ahead Of FFIV Earnings
This afternoon, F5 Networks Inc (NASDAQ:FFIV) will report earnings after the closing bell. The leading computer networking stock is trading higher by $1.88 to $108.19 a share. One never knows how the market will react to the earnings release, therefore, trading ahead of earnings is always very risky. Some leading cloud computing stocks that are surging higher today include Riverbed Technology Inc (NASDAQ:RVBD), Salesforce.com Inc (NYSE:CRM), and Aruba Networks Inc (NASDAQ:ARUN). Please remember if the street reacts negative to the FFIV earnings this afternoon these stocks could trade lower in sympathy. Earnings season is always a wild card as a stock can do anything after the earnings release. ...Continue reading here: http://bit.ly/yPFwaW
Double Top Alert On Lowe's
Lowe's Companies, Inc. (NYSE:LOW) has made a major move on the daily chart into a double top from 2011. This level should be significant resistance and a good shorting opportunity. The double top level is at $27.50. The stock made a low in August 2011 at $18.07. Since then, it has jumped 50%. ...Continue reading here: http://bit.ly/y5fkat
Microsoft Stalls Ahead Of Earnings
Microsoft Corp (NASDAQ:MSFT) is one of the few tech stocks that are pulling back this morning. The stock is scheduled to report earnings tomorrow after the closing bell. It is important to note that MSFT stock has surged higher since November 25, 2011 when the stock was trading as low as $24.30 a share. Today, MSFT stock is trading lower by 0.10 cents to $28.15 a share. As most traders know, taking a position in a stock ahead of earnings is always very risky as the stock can go either way on ...Continue reading here: http://bit.ly/xD2SaJ
Gold Fails To Shine
The SPDR Gold Shares (NYSEARCA:GLD) have rallied sharply higher since December 29, 2011 when the highly popular ETF traded as low as $148.27 a share. This morning the GLD is trading lower by 0.67 cents to $159.85 a share. Short term traders can watch for intra-day support around the $159.60, and $159.00 levels. Traders can watch for quick intra-day bounces around these levels. Should the GLD continue to decline below these support areas the next important level for an intra-day bounce will be around the $158.25 area. ...Continue reading here: http://bit.ly/AmMPGc
Integrated Energy Under Early Pressure
This morning, leading integrated energy stocks such as Chevron corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) are coming under early selling pressure. Short term traders can watch for intra-day support on CVX around the $105.20 level. XOM stock will have intra-day support around the $85.00 area. It is important to note that these energy giants remain very strong on the daily chart, therefore, support levels can usually be bought. ...Continue reading here: http://bit.ly/zibvZy
China Data Causes Third Straight Tuesday Gap
The stock market opened higher for the third straight Tuesday in 2012. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $130.03, +1.02 (+0.79%). Since the new year, it seems the up days come on Tuesday and then consolidation floats the markets neutral the rest of the week. We will watch and see if this pattern continues to play out. ...Continue reading here: http://bit.ly/wEe1NC
Transports Fail To Participate In Rally
There is one important stock sector that is failing to participate in today's early rally, it is the transportation sector. This sector is followed closely by many traders and investors as an indication of economic expansion when it rallies and economic contraction when it declines. After all, products must be shipped and delivered, therefore, this is usually a leading indicator. This morning, the iShares Dow Jones Transportation ETF (NYSE:IYT) is declining lower by 0.50 cents to $91.74 a share. This decline comes on a trading session where the Dow Jones Industrial Average (DJIA) is trading higher by over 1.00 percent. The IYT is showing weak relative strength this morning. Short term traders can watch for intra-day support around the $91.50, and $90.85 levels. ...Continue reading here: http://bit.ly/wOCBoC
Keep The Semiconductors On The Radar
This morning, the Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.21 cents to $31.80 a share. The semiconductor sectors continue to struggle around the daily chart 200 moving average. This tells us that this important sector is showing weak relative strength when compared to the major stock market indexes. Major stock indexes such as the Dow Jones Industrial Average (DJIA), S&P 500 Index, and the NASDAQ Composite are all trading nicely above the important daily chart 200 moving average. The problem with the semiconductor sector is that they should normally lead the markets higher, that is obviously not the case at this time as they are lagging the major stock indexes. ...Continue reading here: http://bit.ly/wFMWwU
Home Building Stocks Approach The Ceiling
Believe it or not, the home building stocks have been surging higher since October 4, 2011. Since that time, this sector has climbed higher by 50 percent. Many leading home-builder stocks have rallied even higher. On October 4, 2011 the SPDR S&P Home-builders ETF (NYSE:XHB) was trading as low as $12.21 a share. Last week, the XHB closed at $18.43 a share. This is a terrific rally for a sector that is supposed to be depressed. This week we shall examine three leading home-builder stocks and find the near term resistance levels. ...Continue reading here: http://bit.ly/xYWc0i
European Debt Crisis Starts To Erupt Again
This morning, the problems in the European Union are starting to surface once again. Recently, all of the major stock indexes have been floating higher steadily each and every day on extremely light volume. Often, stock rallies that lack volume and conviction can lead to sharp sell off days. At this time, there are reports that Greece may have to default and this could trigger a domino effect in many European credit default swaps (CDS). A credit default swap is basically an insurance policy on the debt. Should this occur it will be problematic for the entire Euro-zone. ...Continue reading here: http://bit.ly/zdmK8x
Transports Go South Side Early
This morning, the iShares Dow Jones Transportation ETF (NYSE:IYT) is trading lower by $1.13 to $91.77 a share. Since December 14, 2011 the transportation index has been rising steadily higher. This is the first trading day of 2012 that the important index has come under some selling pressure. Short term traders can watch for intra-day support on the IYT around the $91.50, and $90.85 levels. ...Continue reading here: http://bit.ly/yIHSLr
Markets Begin Lower, However, Light Volume Will Likely Keep It Steady
J.P. Morgan Chase & Co (NYSE:JPM) was the first major financial stock to report earnings this morning. The earnings were below analysts expectations and the stock is trading lower by $1.00 to $35.85 a share. The poor results by JPM are causing early declines in many of the other leading financial stocks such as Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), and Citigroup Inc (NYSE:C). These stocks are simply trading lower in sympathy to JPM. ....Continue reading here: http://bit.ly/wUmPkr
Shipping Stocks Wake Up
As things in Europe remain quiet and no new defaults look imminent, the global economy is starting to look better. Economic news in the United States has been strong and China appears to be lifting economic restrictions to offset European issues. This all equates to a global economy that is on the rise. If the global economy is inching up, shipping stocks are the next plays to run. ...Continue reading here: http://bit.ly/yqRui7
Mixed Data As Markets Ready For Next Major Move
The stock markets are flat today after mixed data across the globe. Overnight, China gave the futures a push after reports showed inflation cooled slightly. The consumer price index rose 4.1% in December in China. Overnight, the Dow Futures had been higher by over 100 points. This morning the ECB disappointed the markets when they held interest rates at 1%. Traders had been hoping for a more dovish ECB. At 8:30am ET, Jobless Claims were reported at 399,000. This was a jump from last week and back to that scary 400,000 level. The futures dropped back to the flat line which is where the markets are trading now. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $129.01, -0.24 (-0.19%). ...Continue reading here: http://bit.ly/zyIsex
Talk About Getting The WYNN Knocked Out Of You
This morning, the leading casino and resort operator Wynn Resorts Ltd (NASDAQ:WYNN) is trading sharply lower. The stock is trading down by $6.64 to $105.25 a share. This stock is trading below all of its important daily chart moving averages which puts the stock in a confirmed downtrend. The stock will have some minor short term support around the $100.00 level. WYNN stock will have some short term intra-day support around the $102.00 level. Earlier, it was reported that Wynn Resorts is being sued by its vice chairman over a $135 million donation made to the University of Macau and other matters. ...Continue reading here: http://bit.ly/zLCWgz
Metals Pop On Dollar Weakness, Can They Hold?
All of the major leading industrial metal producers are trading higher this morning. The catalyst for the move higher in these stocks is the weaker U.S. Dollar Index. These days the inverse relationship between the U.S. Dollar and the major stock indexes has decoupled due to the light volume in the market, however, a weak dollar still helps to inflate commodities. ...Continue reading here: http://bit.ly/wLjt5F
Natural Gas Stocks Have No Steam
This afternoon, the price of natural gas declined to another new 52 week low. This decline in natural gas comes despite the winter season being upon us. While the price of natural gas is extremely low, it is now affecting the natural gas stocks. Leading natural gas stock such as Chesapeake Energy Corp (NYSE:CHK), Devon Energy Corp (NYSE:DVN), and Southwestern Energy Co (NYSE:SWN) are all declining sharply lower. These stocks look as if they could have further downside in the near term. ...Continue reading here: http://bit.ly/xYeT8n
Stock Market Videos: Methodology Telling The Future
The markets are pausing today. This is classic bullish consolidation and a repeat of last week. As of now, it is likely the markets have one final move higher into the $132 - $133 level on the SPY. The solar stocks are ripping higher today. 30%+ moves across the board on most Chinese plays. These were noted yesterday inside this very same video. Insane moves. Watch this video and learn how the pros make big profits on every move in the market. ...Continue reading here: http://bit.ly/zxrfuv
Stock Market Update: Understanding The Charts
Yesterday, the markets surged higher hitting the key SPDR S&P 500 ETF (NYSEARCA:SPY) $129.50 level. This resistance level was solid and sure enough the markets are pausing today. Volume remains amazingly light in this new year. In addition, even with a strong Dollar the indexes have continued to hold near their multi month highs. This tells intelligent traders there is likely another surge higher coming. Once the $129.50 level is taken out, $132.00 - $133.00 is the next stop. ...Continue reading here: http://bit.ly/zui9kw
Solar Stocks Surge, Other Alt Energy Plays On Watch
Solar stocks are surging today. The leaders are Chinese firms that have been trading at all time lows. The Shanghai Index finally woke up this week, surging 5%. That triggered the party as shorts ran for cover. China solar player Trina Solar Limited (ADR) (NYSE:TSL) is trading at $8.87, +1.57 (+21.51%) while Hanwha Solarone Co Ltd (NASDAQ:HSOL) is trading at $1.60, +0.35 (+28.05%). In addition, American solar maker First Solar, Inc. (NASDAQ:FSLR) is trading at $42.89, +4.12 (+10.62%). This is a classic short covering rally. ...Continue reading here: http://bit.ly/yqKgzi
Three Reasons Why This Will Remain A Traders Market For Years To Come
If you happen to be in a diversified retirement fund you probably finished 2011 basically flat. Many of the popular hedge fund managers also underperformed the S&P 500 Index last year. This tells us that it must be tough out there if the so-called smartest people around cannot beat the market. It really seems that the only people who can make money in this type of environment are the savvy traders who play these up and down moves. This market has not been an easy endeavor for the average person who simply listens to the media in order to take trades. Whenever the stock market tries to recover from a major economic shock such as 2008 it usually takes years to recover. Now I shall list the three reasons why this will remain a great traders market and not the typical buy and hold market that is preached by many on Wall Street. ...Continue reading here: http://bit.ly/zVzBMo
Commodity Stocks Rally, How Much Is Left In The Tank?
All across the media the headline reads that commodities are rallying on Alcoa's bullish forecast. Alcoa reported a loss for the fourth quarter in case people did not see. Rarely, if ever does Alcoa even move the markets these days. More important than the poor Alcoa earnings report was the fact that the Shanghai Index (China) finally caught a bid over the past two trading sessions. That two day rally in China was also good for about 5.0 percent to the upside. This is the catalyst for the move higher in many of the leading commodity stocks today. ...Continue reading here: http://bit.ly/xe1TVR
Target Achieved As Market Spikes Higher
The markets spiked higher today as good news poured out of Europe and China. China appears willing to ease interest rate policy to offset issues in Europe. In addition, earnings from Alcoa Inc. (NYSE:AA) were solid. These positives pushed the market higher into the master $129.50 level on the SPDR S&P 500 ETF (NYSEARCA:SPY). This level was given over the last week multiple times. The charts clearly pointed to this level as a target. Sure enough, the level hit and profits were made. ...Continue reading herer: http://bit.ly/wn88kz
Casino Stocks Now Trade With The Chinese ADR's
All of the major casino stocks are now trading along with the Chinese stock market. You see, a large amount of the casino revenue comes from the very important Macao region. Recently, the Chinese stock market has been in a significant downtrend. This same trend is also very noticeable in the large casino stocks. Over the past two trading sessions the Shanghai (China) stock index has rallied higher by over 5.0 percent. ...Continue reading here: http://bit.ly/xDfqdm
This Is How You Start 2012: Small Caps HUGE Profits, & More!
Our Chief Market Strategist is known as the Small Cap King, and he has displayed his talent to members already in 2012. He has given our members numerous amazing small cap winning plays to start the year off strong! Not only have the small cap stocks provided huge gains to members of the Elite ITMS, but the major market calls (such as the S&P) going higher into the start of January also provided major member profits! Another amazing call was a Master Card swing trade which provided great profits to start the year. Our Pros are real veteran traders who dominate the markets and will teach you exactly how they do it. We have created a group of the most Elite traders, and informed investors. Within our Research Center and Intra Day Stock Chat you can become part of the Elite and earn profits like the Pros. Don't take our word for it, get started for FREE and let the quality of guidance and results guide you! Click here now, enter the Elite. ...Continue reading here: http://bit.ly/w7QXdk
Forget Supply And Demand, Trade The Central Banks
Does supply and demand even matter any longer? Just think about it for a minute, it is really the central bank's policy that really moves the market. Just look at Alcoa (NYSE:AA) today, the company missed its earnings estimate and the stock is still inflating higher after the Chinese government basically said that they will push investors to buy stocks. This stuff can't be made up. This action by the Chinese government comes as the Shanghai Index was plummeting throughout most of 2011. Last night, the Shanghai Index rallied higher by nearly 3.0 percent, this important stock index has rallied higher by more than 5.0 percent in two trading days. The point is that the central banks can move the markets almost at will. ...Continue reading here: http://bit.ly/wwYsXW
Markets Pause Ahead Of Earnings
This afternoon, leading aluminum producer Alcoa Corp (NYSE:AA) will report earnings after the closing bell. While Alcoa may not move the major stocks indexes much, it is an indication that the start of corporate earnings season is upon us. The trading volume over the past couple of weeks has been extremely light. Short term traders are looking forward to the increase in volume and volatility that is certain to hit the stock markets over the next month. ...Continue reading here: http://bit.ly/zcUeZH
Stock Market Video: Earnings On Tap, Light Volume Float
The markets are floating neutral to higher once again today. This continues to be classic bullish consolidation on the charts. Earnings begin today with Alcoa reporting after the markets close. They are expecting a profit of $0.01 per share. With the price, pattern and timing factors all in alignment, it is likely the markets will still head higher this week and maybe next. The SPY has an upside target of $129.50 - $130.00. Key winners on the day include SMSI which hit its first target in less than one week. ...Continue reading here: http://bit.ly/ysy1y4
Earnings To Propel Stock Market
Stocks are trading around the flat line once again today. Following the big rally on January 3rd, 2012, the markets have gone into hibernation mode. Volume has been light and market direction muted. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $127.67, -0.15 (-0.12%). This action continues to tell of further upside. It is called bullish consolidation and the upside price target remains $129.50 - $130.00 on the SPY. ...Continue reading here: http://bit.ly/xrbhOY