InTheMoneyStocks Market Analysis

[Depth Trade]

Re: 7 Reasons A Stock Market Top Is At Hand

This is so far from being a long term top it's comical.

The market has always been at a top.
One is constantly paying more and more in price for a dividend/yield that has not changed, the only thing that has changed is dollar/pound buying power, which has become weaker.
Hence price moving up, giving the illusion of growth.

56,000 manufacturing companies have left the US, unemployment is all time high.

The writing is on the wall.

 

[Depth Trade]

Re: 7 Reasons A Stock Market Top Is At Hand

Let's take the DowJones as an example.
This index has done nothing but crash. Since it's inception, not one of the original stocks is in it. The oldest company in it is General Electric since 1907, I have concluded the only reason they're still in is because the military has always used them.
Let's fast forwards to mid-way in the DowJones time line 1954, 83% of the companies have been replaced.
Since 1990 57% replaced, since 2000 45% replaced.

These indexes we have been watching are nothing more than a Big Boys club illusion to lure everybody into consistently buying into the market.
To apply to the DowJones your need 25k, then you have to pay yearlies of 125-250k, then if you drop below a certain price you are de-listed.

Do you understand what I am saying? The DowJones has collapsed over and over.

Put that in your pipe and smoke it.

 

[InTheMoneyStocks]

How High Can The Euro Dollar Go?

The EUR/USD (Euro Dollar) bottomed on January 13, 2012 at 1.262 from a severely oversold technical condition. Since that time, the EUR/USD has surged sharply higher and is now trading into the 1.329 level. This type of robust rebound is very common after such a steep downdraft. In fact, the EUR/USD still could have some more upside left in the tank before another major pullback takes place.

Currency traders must watch for near term daily chart resistance around the 1.339 area. This is a likely area that traders can sell short the EUR/USD, this resistance level is very strong. The fifty percent retrace level from the October 27, 2011 top to the January 2012 low will be at 1.344, this is definitely another important resistance point should the EUR/USD trade up to that level. Personally I do not expect this level to get tagged; however, you just never know for sure what the central banks will do. This morning, the EUR/USD will have intra-day support around the 1.327, 1.325, and 1.322 levels.

Some other vehicles for traders to play the EuroDollar will be to use the CurrencyShares Euro Trust (NYSEARCA:FXE), and the ProShares Ultra Short Euro ETF (NYSEARCA:EUO).

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

The Shady Reason For A Bank Stock Surge

Stocks are moving higher today on the back of the banking sector. Banks are surging today as the ISDA (International Swaps and Derivatives Association) decided not to declare Greece in bankruptcy. This is positive for the banks as they will not take massive losses (as of now). Ultimately, it is just a short term stay of execution but one that is causing the banks to surge higher and lift the market. Interestingly enough, one might wonder who the main players that have influence in the ISDA decision are? The answer is simple and obvious, JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group, Inc. (NYSE:GS), Morgan Stanley (NYSE:MS). Essentially, it is self serving and not surprising they did not vote to declare the bankruptcy.

Goldman Sachs is trading at $119.7, +4.60 (+4.00%), JPMorgan Chase is trading at $40.37, +1.13 (+2.88%) and Morgan Stanley is trading at $19.07, +0.53 (+2.86%).

Gareth Soloway
InTheMoneyStocks

 

[Patricia12]

Re: How High Can The Euro Dollar Go?

I am also expecting some more height in EUR/USD price. It may hit 1.3363 point soon.

 

[ph_trader]

Re: How High Can The Euro Dollar Go?

it did and pushed through to 1.34+ 🙂

 

[toomuch]

Re: How High Can The Euro Dollar Go?

Looks like 1.3450 is the answer to your question

 

[InTheMoneyStocks]

Today: Snap Back Rally Or Bearish Consolidation

The markets are experiencing a bounce back from the sharp drop yesterday. After falling $2.00 yesterday, the SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $135.65, +0.98 (+0.73%). Wall Street is looking at this bounce and wondering if it is a snap back rally that will lead to new highs or just technical bounce, prior to more selling.

The proof is purely in the charts. After the biggest drop of 2012, any trading higher but under the recent 52 week highs must be viewed as bearish consolidation. If at any point the recent market highs are eclipsed, any trace of the bear would be gone.

In going by the numbers, the markets can float up to $138.19. As long as they do not take that level out, a technician would view this as inside consolidation and an in-spirit-of bear flag. If $138.19 is taken out, all bear cases are off the table.

Gareth Soloway
InTheMoneyStocks

 

[ph_trader]

Re: How High Can The Euro Dollar Go?

its like the calm before the storm. it feels like its hanging on a thread 😀

 

[InTheMoneyStocks]

Market Update From An Elite Pro

General Market Update

Stocks are flat on the session as volume is extremely light. Not only was there no earth shattering news over the weekend but all eyes are now focused on the FOMC Policy Meeting this week. This is making for a market that will end neutral to higher.

Key Stocks Leading Again

Apple Inc. (NASDAQ:AAPL), which is the largest component of the S&P 500 and the NASDAQ 100 is moving higher. It is currently trading at $551.41, +6.24 (+1.14%) . As long as Apple is higher, the indexes are likely flat to higher as well. Many traders are looking to short Apple. This action is unwise until master levels are hit. To get this master level, take the seven day free trial to the Research Center and Intra Day Stock Chat at InTheMoneyStocks.

Even with oil lower today, Exxon Mobil Corporation (NYSE:XOM) is carrying the Dow Jones Industrial Average. The stock is trading at $85.71, +1.40 (+1.66%). Global growth optimism is helping this key Dow component move higher.

As the markets float near their 52 week highs, all eyes are on the Federal Reserve. Any signs of further quantitative easing would create another pop. On the other hand, any signs of tightening sooner than originally planned could create a sharp drop.

Gareth Soloway
InTheMoneyStocks

 

[The Leopard]

Re: Market Update From An Elite Pro

Who is an elite pro?

 

[EulerFourier]

Re: Market Update From An Elite Pro

Wow, you know the master level!!! All I have to do is subscribe??

Supermodels and Ferrari's in no time!!

 

[Liquid validity]

😆

 

[InTheMoneyStocks]

Markets Float After Bernanke Pump Rally

The markets are floating flat on the trading day. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $141.53, -0.08 (-0.06%). Yesterday, Ben Bernanke pumped the markets with talk of more QE (quantitative easing). This sent the QE addicted markets shooting higher like a junkie excited about a fix.

Apple Inc. (NASDAQ:AAPL) hit a new all time high today of $614.91. This is one of the stronger players in the market today, along with Amazon.com, Inc. (NASDAQ:AMZN). These two stocks are helping the NASDAQ maintain a positive day while the Dow Jones Industrial Average and S&P 500 are flat to slightly negative.

Volume has remained insanely light ever since 2012 began. This is one warning sign that should bother most investors. If things were so great, volume would be higher as institutions buy stocks heavily. In addition, this current quarter is the best performer since 1998, just prior to the technology bubble collapse. Lastly, pay attention to metal stocks. They have fallen sharply of late while the rest of the market continues to hit new highs. The metal stocks are a direct gauge of the global economy. The fact that they are not rallying tells intelligent traders that the upside is Federal Reserve based and not fundamental.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Stocks Retreat As Bernanke Bullets Turn To Rubber

The Bernanke Effect is wearing off. Monday, Federal Reserve Chief Ben Bernanke gave the markets a positive statement towards more quantitative easing. The markets roared sharply higher, making new 52 week highs. However, with the markets trading up 30% since the lows of late 2011 it was short lived. In addition, Ben Bernanke has done his best to use every gun in his arsenal to pump the markets based on nothing but added liquidity and hot air. His bullets no longer have a lasting effect. Early on, the markets were fooled and would rally for days. This latest rally lasted just one full day. The markets have almost negated the entire move higher from Monday. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.95, -1.18 (-0.84%).

The reason you can tell the market is up on hot air and Bernanke pumps is because of the metal and commodity related stocks. If there was true global demand, metal stocks would be soaring. However, stocks like Southern Copper Corporation (NYSE:SCCO) and United States Steel Corporation (NYSE:X) have been the poorest performers in this rally. Be wary of the governmental body or Federal Reserve who would fool the retail investor into thinking things were better than they truly are.

Gareth Soloway
InTheMoneyStocks

 

[ChocolateDigestive]

Re: Stocks Retreat As Bernanke Bullets Turn To Rubber

i agree with you, I would not be surprised at all to see the S&P below 1200 and the FTSE below 5000 in the next month, this is all fake money, fake money ffs the man on the street knows this. we have got to go lower and clear the debts.

 

[InTheMoneyStocks]

Stock Market Jittery Over Europe, Jobs

Stocks are trading lower today on the back of a poor ADP Private Sector Jobs Report and continued problems in Europe. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.96, -0.78 (-0.55%). Yesterdays ISM Manufacturing Report rallied the markets on hopes that jobs would show a better than expected increase. However, that did not occur and stocks have erased all of the gains from yesterday.

Financial stocks are leading the decline with JPMorgan Chase & Co. (NYSE:JPM) trading at $43.03, -0.76 (-1.74%). Technology stocks like Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) are trading higher, helping keep the market losses in check.

The markets are likely to remain neutral to weak until the Non Farm Payrolls Report on Friday. The ADP report definitely put a stop to the recent market advance. In addition, it must be noted that the markets have not taken out the yearly highs. As long as the markets remain below this level on the S&P 500, caution should be used.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Bullish: First Solar Starts To Show Signs Of Life

Solar stocks have been pounded for well over a year. While most investors continue to stay away from them, the right decision may actually be to buy them now. Based on valuation levels, they are extremely attractive at current levels. First Solar, Inc. (NASDAQ:FSLR) is trading at $16.85, +0.31 (+1.87%). This is one of the leaders in the sector and trading higher on a down day on Wall Street. At this stage of the game, any horrid news is priced into the stock and the sector. Solar prices are low, but unlikely to go much lower. First Solar has been able to maintain itself during these times.

A good example would be the recent major pop in natural gas. While the price was down sharply in recent years, it will only go so low before demand picks up. Many natural gas stocks have popped significantly in recent days. Considering First Solar as best of breed, this is the player to be in. Any sort of pop will see extended upside due to short covering. Short term, a move back above $20.00 is likely.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Stock Market: Beware Today Dictates The Future

All the charts and calculations have shown today to be the day of all days. What does this mean? The market is at a major pivot point on this Tuesday, May 15th, 2012. If the market is able to hold up, investors would experience a one to two week neutral to higher move. If the markets break lower today, down side is likely until the SPDR S&P 500 ETF (NYSEARCA:SPY) hits $129.00. As of now, the markets are squeaking out a slight gain. The SPY is trading at $134.68 +0.55 (0.41%).

Today, technology is leading the upside charge with Amazon.com, Inc. (NASDAQ:AMZN) trading at $230.09, +7.16 (3.21%). Apple Inc. (NASDAQ:AAPL) is also trading nicely higher along with Google Inc (NASDAQ:GOOG). Financial stocks are also bouncing after a multi day slide.

The bottom line continues to be the close in the markets today. If the markets can hang on to the gains, look for further upside for about one week. If the gains are sold and the markets collapse into the end of the day, watch out below.

Gareth Soloway
inTheMoneyStocks

 

[InTheMoneyStocks]

Lock And Load: Apple Will Bounce At This Level

Apple Inc. (NASDAQ:AAPL) is falling sharply again today. The once rocket ship stock is dropping quickly to earth. Apple is trading at $534.77, -11.30 (-2.07%). The media and analysts were pumping the stock when it was trading over $600.00 per share. Meanwhile, when Apple was $621.00 a share, I alerted the world to sell it and go short.

As Apple falls, institutions and analysts have asked me to tell them where the next bounce will occur. The chart below explains it beautifully. The level for an Apple bounce will be $520-$525. The stock will bounce 5% off of this level before resuming its downward track below $500.00.

Gareth Soloway
InTheMoneyStocks