InTheMoneyStocks Market Analysis

[InTheMoneyStocks]

Major Keys In A Powerful Market

While the markets are surging higher on weaker oil and strong economic reports, many underlying stories are of interest. First, it is worthy to note that Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) are weaker, relative to the markets. Many may wonder why? The answer is simple, oil is pulling back. Exxon and Chevron have seen massive gains lately on the spike in oil. With oil pulling back, their profits may suffer slightly and thus with a market up over 1.5% on the day, they are only up 0.50%.

It is also worthy to note that the solar stocks are flat to negative on the day. While First Solar, Inc. (NASDAQ:FSLR) is squeaking out a small gain on the day, stocks like Trina Solar Limited (NYSE:TSL) and SunPower Corporation (NASDAQ:SPWRA) are negative. This also makes sense due to the drop in oil. When oil moves higher, solar stocks and all alternate energy stocks would move higher, as their product becomes cheaper in relation to oil. Therefore, when oil pulls back, their product, in this case solar panels, becomes more expensive.

The energy arena everything depends on oil. The markets are loving lower oil but energy and alertnate energy stocks are not as happy.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Markets: The End Is Near

The markets sold sharply after opening nicely higher. This sell off is interesting because of many reasons. Most people would assume oil must be running sharply higher intra day. However, that is not the case. The United States Oil Fund LP (NYSE:USO) is trading at $42.63, +0.30 (+0.71%). Oil is off the highs but still not helping the markets bounce. The SPDR S&P 500 ETF (NYSE:SPY) finds itself trading at $131.95, -0.52 (-0.39%). The high of the day was $133.16.

So why is the market selling sharply when oil is just slightly higher on the day and things are quiet? It is possible the end is near. What end? The markets are starting to realize the massive infusion of drugs, known as QE-2 into the market is coming to an end. As the Non Farm Payroll Report showed on Friday, job growth is starting again, economic news overall has been positive and in addition, with oil, gold and silver all spiking dramatically higher, inflation is on the move. The more inflation, the less the Federal Reserve can do to stimulate the markets artificially. Therefore, the higher oil moves, along with gold and silver, the less they can do. It is a fascinating turn of events as the Federal Reserve has been injecting hundreds of billions if not trillions in the last few years.

Think of the market like a drug addict. More and more drugs have been used to keep this market on its high. This high has seen the markets double in value since March 2009. After two years, it looks to be coming to a close. The drug addict needs to go to rehab and going cold turkey is not something any addict takes well.

Gareth Soloway
InTheMoneyStocks

 

[meanreversion]

Re: Markets: The End Is Near

Er, if you keep calling the top in the market, you'll eventually be right. Thanks, Mr Broken Clock.

 

[Pazienza]

Re: Markets: The End Is Near

Er, if you keep calling the top in the market, you'll eventually be right. Thanks, Mr Broken Clock.

Glad you said it. This f***ing perma-bear act is getting really old (and pointless, as you said).

It's like those pundits they get on the telly to explain this or that. You can always find one who "predicted" whatever the story of the day is. The fact that he was wrong the other 99 times out of 100 is ignored. Tomorrow, they'll get on a different pundit.

Fizzy ar$e gravy, that's all it is.

 

[wackypete2]

Re: Markets: The End Is Near

Glad you said it. This f***ing perma-bear act is getting really old (and pointless, as you said).

It's like those pundits they get on the telly to explain this or that. You can always find one who "predicted" whatever the story of the day is. The fact that he was wrong the other 99 times out of 100 is ignored. Tomorrow, they'll get on a different pundit.

Fizzy ar$e gravy, that's all it is.

And they get PAID...we're all on the wrong side of the business.

Peter

 

[spreader_legger]

Re: Markets: The End Is Near

We are nearing the end of the age of aquarius & as every good occultist knows, this means a purge of the old to make room for the new.

Hope this helps to clarify things

The markets sold sharply after opening nicely higher. This sell off is interesting because of many reasons. Most people would assume oil must be running sharply higher intra day. However, that is not the case. The United States Oil Fund LP (NYSE:USO) is trading at $42.63, +0.30 (+0.71%). Oil is off the highs but still not helping the markets bounce. The SPDR S&P 500 ETF (NYSE:SPY) finds itself trading at $131.95, -0.52 (-0.39%). The high of the day was $133.16.

So why is the market selling sharply when oil is just slightly higher on the day and things are quiet? It is possible the end is near. What end? The markets are starting to realize the massive infusion of drugs, known as QE-2 into the market is coming to an end. As the Non Farm Payroll Report showed on Friday, job growth is starting again, economic news overall has been positive and in addition, with oil, gold and silver all spiking dramatically higher, inflation is on the move. The more inflation, the less the Federal Reserve can do to stimulate the markets artificially. Therefore, the higher oil moves, along with gold and silver, the less they can do. It is a fascinating turn of events as the Federal Reserve has been injecting hundreds of billions if not trillions in the last few years.

Think of the market like a drug addict. More and more drugs have been used to keep this market on its high. This high has seen the markets double in value since March 2009. After two years, it looks to be coming to a close. The drug addict needs to go to rehab and going cold turkey is not something any addict takes well.

Gareth Soloway
InTheMoneyStocks

 

[meanreversion]

Re: Markets: The End Is Near

We are nearing the end of the age of aquarius & as every good occultist knows, this means a purge of the old to make room for the new.

Hope this helps to clarify things

The planets are aligning. Mars is about to enter Uranus, it's never a good thing.

 

[nunrgguy]

Re: Markets: The End Is Near

The planets are aligning. Mars is about to enter Uranus, it's never a good thing.

Leave my ar*e out of this

 

[Ambrose Ackroyd]

Re: Markets: The End Is Near

Leave my ar*e out of this

Especially if it involves sticking a Mars bar up it.

 

[InTheMoneyStocks]

Pre-Market View for March 8th 2011

Ah, the media is finally talking about the European Union debt crisis again. Bond yields in Greek and Portuguese debt are soaring higher this morning continuing to climb from yesterday's advance. Spain, Italy, Belgium, and other European nations still face major debt problems. Central banks(ECB and the Federal Reserve) can only mascaraed the debt problems by purchasing bonds for so long. Yesterday, Moodys downgraded Greek debt by three notches. Many investors thought that Greece was already bailed out in May 2010. More money creation in Europe by central banks may only help to increase the price of gold and silver.

The Asian markets all traded higher overnight. The leading Asian stock index was the Hang Seng Index(Hong Kong) which closed higher by 1.71 percent. However, the highly important Shanghai Index(China) was only higher by just 4.0 points or 0.12 percent. Therefore, commodity stocks could be contained this morning. Whenever, the Shanghai Index rallies it is prudent to expect commodity stocks to be strong at the start of the trading session in the United States.

Spot oil is pulling back a little this morning. Light crude is trading lower by 0.15 cents to $105.28 a barrel. The popular United States Oil Fund(NYSE:USO) is trading higher by 0.12 cents to $42.50 a share. Should oil decline sharply today it would likely cause a stock market bounce or rally. Traders must keep one eye on crude at all times. The problems in the Middle East and Northern Africa do not seem to be going away anytime soon, therefore, any pullback in oil may just be temporary. Oil is extended on the daily chart at this time and may need to consolidate or pullback a little before resuming another upward move.

The S&P e-mini futures are trading higher by 2.00 points this morning to 1311.00 per contract. There are a lot of different factors that can move this market from oil, geopolitical events, to the Federal Reserve Bank's permanent open market operation(POMO). Be prepared for anything in this type of environment.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Chevron Showing Signs Of Top

Chevron Corporation (NYSE:CVX) has started to stall out and fall back to earth after a record breaking run. The stock has a rounded top in place and today is trading sharply lower at $102.18, -1.59 (-1.53%). Even with oil trading flat to higher, Chevron is unable to catch a bid. The United States Oil Fund LP (NYSE:USO) is trading at $42.27, -0.04 (-0.09%).

Over the last couple weeks Chevron has formed this rounded top. Usually, this pattern, when it occurs at the top of a chart after a major run, signals distribution. It is very likely distribution has occurred as the institutions have unloaded into the retail investor. Once the retail investor is in the stock, it will fall.

In July, 2010, Chevron traded as low as $66.83. On March 1st, 2011, Chevron hit a high of $104.99. This is an amazing 57% increase. For a company the size of Chevron, that is almost unheard of. The key to the rounded top also lies in the $104.99 level. This happens to be a magical double top from May 2008. This adds credence to the resistance point and likely pull back.

Should Chevron pull back, the first area of major support would be at $100.00, then $98.25 and finally $96.50. The weakness today in Chevron, the double top from 2008 and the rounded top on the daily chart all signal the pull back is here to stay.


Gareth Soloway
InTheMoneyStocks

 

[Liquid validity]

Re: Chevron Showing Signs Of Top

Why not wait for the top instead of possible consolidation...
Its also a possibility that Chevron may be on the verge of announcing a new seismic analysis deal with a potentially ground breaking 3D seismic outfit.

May not be Chevron but its certainly them or Exxon / Connoco. Trials underway in Texas as we speak...Could also be BP having said that

 

[88bluegt]

Re: Chevron Showing Signs Of Top

Seems like a good time for a short

 

[88bluegt]

Re: Chevron Showing Signs Of Top

maybe a little late for that though :/ opinions?

 

[InTheMoneyStocks]

Pre-Market News & Outlook

Japan experienced a massive 8.9 magnitude earthquake on the Richter scale earlier today. The death toll is uncertain at the moment, however, a tsunami is reported to have reached other parts of Japan and Hawaii. Tsunami warning have been issued for the entire west coast of the United States.

The Asian markets all declined by more than 1.00 percent last night. The Nikkei Index(JAPAN) closed lower by 1.72 percent. This news could effect the Asian markets into early next week as it appears a lot of damage was done to the Japanese infrastructure. Most commodity stocks are trading lower this morning. The iShares MSCI Japan Index Fund(NYSE:EWJ) is trading lower by 0.20 cents to $10.80 a share in the pre-market this morning.

Many in the media predicted a 'Day of Rage' for Saudi Arabia today. However, the Saudi Arabian protest turned out to be a day of sleep as there are no reports of protests in Saudi Arabia today. This calm in Saudi Arabia is causing oil to decline lower today by $3.08 to $99.61 a barrel. Oil was very overbought and extended on the charts recently due to the fighting in Libya and the possible uprising in Saudi Arabia. Traders must still be cautious when it comes to oil as the Middle East is still in turmoil and other protests can flare up at anytime. The highly popular Unites States Oil Fund is trading lower by $1.15 cents to $40.28 a share before the opening bell.

The S&P 500 market futures(ES H1) is trading lower by just 3.00 points to 1291.00. Often after a massive sell off as we saw in the markets yesterday the next trading session is a bit more subdued. We shall see if that is the case today.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Pre-Market News And Views March 16th 2011

The S&P 500 e-mini futures(ES M1) are trading lower by 0.50 to 1274.75 this morning. Last night the Nikkei Index(Japan) bounced higher last night by 5.5 percent and this is certainly helping the futures market this morning. All Japanese ADR's could be in focus this morning. Traders should watch stocks such as Sony Corp.(NYSE:SNE), Toyota Motor Corp.(NYSE:TM), and the iShares MSCI Japan Index Fund(NYSE:EWJ). Many problems regarding the nuclear reactors in Japan remain and this must be watched closely by investors and traders.

Oil is rising this morning as WTI crude is trading higher by $1.49 to $98.68 a barrel. The highly popular United States Oil Fund(NYSE:USO) is trading higher by 0.40 cents to $39.81 a share. The Middle East crisis continues to expand throughout Libya, Bahrain, and numerous other nations. Saudi Arabia has remained calm despite the highly publicized 'Day of Rage' that was scheduled for late last week. It turned out to be a day of calm instead in Saudi Arabia. This helped oil prices to pull back. Should oil spike up again this will adversely effect the major stock indexes.

Housing starts and the Producer Price Index(PPI) were released at 8:30 am EST this morning. Housing starts fell 22.0 percent in February to 479,000 units. The expectation by economists was for 570,000 units. Building permits declined by 8.2 percent to 517,000 which is a new record low. The PPI was up by 1.6 percent as food and energy prices surged. Core PPI which excludes food and energy rose 0.02 percent. These reports seems to have very little effect on the markets today as the futures are trading basically flat this morning.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Markets Put Gloom And Doom Behind Them

The markets shot higher today as the U.S. Dollar got crushed. As of today, the panic and fear from yesterday is ancient history. As long as no new major catastrophes are unfolding, the markets are taking a breather and bouncing. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $127.87, +1.69 (+1.34%).

Yesterday, there were major signals that the market would get a bounce today. These signals are common when a market makes a short term bottom. The first signal was the negation of all the 2011 gains and the major gap fill from December 31st, 2010. As the SPY shot lower, it went to $125.75. This happened to be the closing price on the last trading day of 2010. With the massive flush yesterday, the markets negated all the gains for 2011. In addition, yesterday saw massive volume. Not just big mind you, but massive. This is known as capitulation volume where the weak hands give up, dumping their positions. When the retail investors sell, the bottom is in. The climax of fear plus increased volume showed a bottom was most likely in the markets for the short term. The up move today confirms it.

In addition the the signals of a short term bottom, the Dollar is a major key to the markets rise. The Dollar is in major break down mode. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) is trading at $21.83, -0.18 (-0.82%). The major support on the UUP was $21.90. Over the past couple years this level has held. However, today it has been broken. This could be the start of a major new move lower on the U.S. Dollar. A weaker Dollar is usually good for stocks.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Technical Levels: Money Flow Into Tech

Technology shares are spiking higher today, leading the markets. The Nasdaq is higher by 50.34 (+1.90%), trading at 2,694.01, while the S&P 500 and Dow Jones Industrial Average are lagging, up a respectible 1.5%. It appears money flow which had been shunning the technology sector is now rushing back in. Financial stocks are also weaker today after being stronger last week. It appears money is flowing from the bank stocks into the beaten down technology stocks.

It is truly fascinating to watch the charts. For instance, more tech stocks hit master levels of support last week prior to this rally than any other group in the market. This signaled a high probability of money inflow as trading programs and hedge fund players were spotting these levels. Take a look at the chart of Microsoft Corporation (NASDAQ:MSFT). Just last week the stock sold into a key gap fill from October 12th, 2010 and also hit a double bottom from November 29th, 2010. These two coinciding levels and an oversold Microsoft chart, signaled a high probability of a solid bounce. Today, Microsoft is trading at $25.37, +0.57 (+2.30%).

Another stock that has surged in the last few days since the markets made a short term bottom is Hewlett-Packard Company (NYSE:HPQ). Hewlett-Packard was very a oversold chart and last week finally hit two major support levels. This level came into play at a gap fill from September 23rd, 2010 at just above $40.00. In addition, direct your attention to the pivot low made in early October. This also coincided with the $40.00 level. The combination of these two levels made Hewlett-Packard a sweet spot for smart traders. Since that $40.00 level area, HPQ has bounced back, hitting a high today of $42.10.

These are just two examples of major technical levels hit on technology stocks. Take a look at Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOG) last week as well. Both hit major levels. Apple Computer hit the master $326.50 level which was the pivot low from January 21st, 2011 and Google kissed the 200 moving average on the daily chart. There was literrally no way the markets were going to break lower in the short term without a bounce via technology. Learn the charts and profit.

Gareth Soloway
InTheMoneyStocks

 

[Liquid validity]

Re: Technical Levels: Money Flow Into Tech

Hey, wow, cheers, can you post your market view tomorrow at 1300 EDT please
This info at 1300 today would have had me right in the money
I do apologise in adavance for my crass infantile behaviour

 

[Doomberg]

Re: Technical Levels: Money Flow Into Tech

Great info, however as mentioned above there is not much need in telling us why it happened after its happened

p.s here are last weeks Euro Million lottery numbers

1 13 20 26 50 6 7