Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat  

Sponsors


Go Back   Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat > Stock Market Investing Discussions > Member Stock Picks/Experiments/Daily Plays

Member Stock Picks/Experiments/Daily Plays Discussion of Stock Market Cats members stock picks, watch lists, experiments and daily momentum plays. Post your HOT PICKS here or create your own thread so that other members may follow your progress.

Reply
 
Thread Tools Display Modes
  #1  
Old 08-05-2010, 11:48 AM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Everyone Awaits the July Job Report

This morning the major stock market indexes are slightly under pressure after the weekly initial jobless claims report was slightly worst than expected. While this economic news is important most traders and investors will have their eyes fixed on tomorrow's government July job report that will be released at 8:30 am EST.

Economists are looking for growth in the private sector to increase by 80 thousand jobs. When you think about the month to month revisions and the amount of people that have fallen off the unemployment list who can really make heads or tails of this report. There is also a fair argument that the report is inaccurate and the numbers are never correct anyway. However, for some reason Wall Street loves this report and an initial reaction is imminent after the announcement.

Today many retail stocks reported there yearly comps and many of these stocks are trading lower today. This report is a better barometer for the economy than the monthly job report. The entire inflation rally that the Treasury and the Federal Reserve Bank are planning on will only last if the consumer begins to spend money. It is important to remember that consumer spending accounts for 70 percent of the gross domestic product in the United States.

Today the retail sector is mixed as some stocks such as Kohl Corp (NYSE:KSS), and Target Corp (NYSE:TGT) are trading higher on the trading session. Other leading retail names such as Nordstrom Inc (NYSE:JWN), and J.C. Penney Inc (NYSE:JCP) are trading lower today. When the retail stocks trade sharply higher and rally for an extended period this tells us that the U.S. consumer is spending and feeling better about the economy. When the retail sector lags and trades poorly this tells us that the U.S. consumer does not believe that the economy is strong. Just look at how the retail sector traded during 2009. It was very strong and so was the market. Now look at how the retail sector has traded during 2010 and you will see that this sector has been weak. As you may have noticed the overall stock market has been weak in 2010.



Nicholas Santiago
Chief Market Strategist
InTheMoneyStocks - Technical Analysis Trading | Stock Market Chat Room | Learn to Trade
Reply With Quote
Sponsored Links
  #2  
Old 07-06-2011, 02:23 PM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Stock Markets Wait For Jobs Report

The stock market is trading flat again today as all eyes are now on the ADP Private Sector Employment Report tomorrow, and the Non Farm Payrolls Report on Friday. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $133.93, +0.12 (+0.09%). The markets are shrugging off problems in Portugal and a small rise in the Dollar as the Jobs Report has taken center stage.

While many think the last two days of sideways action are creating a bullish flag pattern for more upside, traders must also pay close attention to one sector that continues to lag. The bank stocks fell sharply yesterday and are again falling today. Goldman Sachs Group, Inc. (NYSE:GS) is trading at $133.32, -1.18 (-0.88%) while JPMorgan Chase & Co. (NYSE:JPM) is trading at $40.53, -0.50 (-1.22%).

While these financial stocks do spell trouble ahead, the tricky thing is to figure out whether or not it is in the short term, meaning in the next week or in the longer term, a month or two away. Ultimately, it is hard to believe the jobs numbers will be that horrible since the government has had a week to smooth them out. If the markets do not break up by Friday, a downside move may be on the horizon next week.



Gareth Soloway
InTheMoneyStocks
Reply With Quote
  #3  
Old 08-03-2011, 11:47 AM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default New 52 Week High List Shrinks To New Lows

This morning, there are less and less new 52 week highs on the New York Stock Exchange. When the new 52 week high list shrinks it tells us that the major stock indexes are coming under institutional selling pressure. The stocks that are making new 52 week highs include Clean Harbors Inc.(NYSE:CLH), Yamana Gold Inc.(NYSE:AUY), Rogers Corp.(NYSE:ROG), and Mastercard Inc.(NYSE:MA).

The amount of stocks that are hitting new 52 week lows is continuing to grow. This is usually a bearish sign for the major stock indexes. Traders should realize that the major stock indexes are oversold in the short term, therefore, a bounce in the markets cannot be ruled out in the near term. In any case, traders must still use caution in this environment.



Nicholas Santiago
InTheMoneyStocks
Reply With Quote
  #4  
Old 08-22-2011, 11:29 AM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Re: Everyone Awaits the July Job Report

JPM Is The Stock Market Barometer


When there is a banking crisis traders and investors should follow the bank stocks. The leading bank stock in the United States is J.P. Morgan Chase & Co.(NYSE:JPM). Sure, other financial stocks such as Goldman Sachs Group Inc.(NYSE:GS), Morgan Stanley(NYSE:MS) and Bank of America Corp.(NYSE:BAC) are important, however, traders can cut to the chase and simply follow the leader. The leader is J.P. Morgan Chase, this stock has lead the markets higher and lower since 2007 and it should continue to lead the stock markets going forward. This financial giant topped out in February 2011 at $48.36 a share. Since that high pivot, JPM stock has made a series of lower highs leading the major stock indexes lower throughout 2011.

This morning, JPM stock is trading higher by just 0.10 cents to $33.44 a share. The stock started the trading day at $35.14 a share. As soon as this stock began to fade lower so did the major stock indexes. Should JPM stock begin to trade higher, it would be likely that the major stock indexes will follow. Until then, this is the most important stock that traders must follow. This stock is truly a barometer for the major stock market indexes. Traders can watch for intra-day support on JPM stock around the $39.15 and $39.00 levels.



Nicholas Santiago
InTheMoneyStocks
Reply With Quote
  #5  
Old 08-30-2011, 04:01 PM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Trade Lesson: Understanding Bottoming And Topping Tails

Most traders do not put all the pieces of the puzzle together when learning and using technical analysis. Let's talk about topping and bottoming tails. Simply put, a bottoming tail is a bullish signal and a topping tail is bearish. A bottoming tail MUST occur at the lows of a chart. This means that no point on the chart in recent history can be lower. Next, the tail must be substantial, not just a little thing barely seen by the eye. Additionally, the close of the candle must be in the upper 25% when measuring from the lows to the highs. If all these factors match up, you may have a bottoming tail. The same things apply for a topping tail.

Now to throw in the one key that most traders miss and costs them money. To truly keep your winning odds at 90% or better, you must also factor in the market. The below chart is of Corinthian Colleges, Inc. (NASDAQ:COCO) . You can see, a great bottoming tail formed based on all factors mentioned above. However, one factor would keep Chief Market Strategists away from this trade for now. While the stock had a great recovery, it still closed lower. That would not matter if the market for the trading day was flat or lower as well. However, the U.S. stock markets rallied 3-4% the day before. The fact that this still could not end the day higher tells us to give it a little time and then re-evaluate the trade.

Always look at the trading day in the markets and match it up to the stock chart. Too many traders see a pattern and ignore the macro action on the markets. If you want to be a complete trader, start with the micro view of the stock, then expand your view to the macro market. If all things align, a 90% success rate trade will be your reward.

Reply With Quote
  #6  
Old 09-13-2011, 11:48 AM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Transports Surge Early, Can They Be Trusted?

This morning, the Dow Jones Transportation Average (DJT) is surging higher by over 100.00 points to 4464.20. The iShares Dow Jones Transportation Average (NYSE:IYT) is trading higher by $2.01 to $80.69 a share. Traders and investors will usually follow the transports very closely because they will often signal economic expansion and contraction. Many traders that follow Dow Theory will also watch the transports to see if they confirm the move in the Dow Jones Industrial Average. Therefore, it is safe to say that the transportation index is a leading indicator. Short term traders can watch for intra-day resistance on the IYT around the $81.25 and $82.00 levels.

Some leading transport stocks that are rallying higher include FedEx Corp.(NYSE:FDX), United Parcel Service Inc.(NYSE:UPS), and CSX Corp.(NYSE:CSX). These leading transport stocks will often follow the action in the IYT. Recently, when the transports rally for a few days they seem to come under selling pressure again, therefore, traders should take everything on a short term basis at this time.

Nicholas Santiago
InTheMoneyStocks


Reply With Quote
  #7  
Old 10-26-2011, 11:13 AM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Trading Journal

The U.S. Dollar Index futures (DX Z1) just fell off a cliff before the opening bell. When the U.S. Dollar Index declines the major stock indexes will inflate and trade higher. You see, nobody really cares about the poor earnings reaction to Amazon.com Inc (NASDAQ:AMZN), and Broadcom Corp (NASDAQ:BRCM) earnings. The markets are simply reacting to the action in the U.S. Dollar Index. When the U.S. Dollar Index declines the major stock indexes inflate higher, however, if the U.S. Dollar Index begins to rally this early stock market rally will fade quickly.

Yesterday, the U.S. Dollar Index traded higher and the popular Dow Jones Industrial Average (DJIA) ended lower by more than 200.0 points. Every trade is a trade on the U.S. Dollar Index at this time. Maybe one day you will hear about it in the media, however, you should not bet on it.

Nicholas Santiago
InTheMoneyStocks

Reply With Quote
  #8  
Old 11-30-2011, 01:40 PM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Re: Everyone Awaits the July Job Report

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 amazing earnings growth has turned into major losses for many players. While the fundamentals look gloomy, it appears a bottom is in.

Solar stocks are running higher today headed by First Solar, Inc. (NASDAQ:FSLR) . First Solar is trading at $46.98, +3.17 ($7.24%). Other smaller solar companies have seen major moves in the last few days. One of the highlights would be Canadian Solar Inc. (NASDAQ:CSIQ). Just last week the stock traded as low as $2.07. Today it hit a high of $2.93

Another factor that should help solar stocks rebound is oil. Crude oil is trading above $100 per barrel. The United States Oil Fund LP (ETF) (NYSEARCA:USO) is trading at $38.86, +0.31 (+0.80%). As oil holds over $100, at current prices, solar is an amazing alternative energy. Demand will increase. The increase in demand should shoot solar prices slightly higher which in turn will bring profits back to the sector. Other solar stocks to watch are SUNPOWER CORP CL A (NASDAQ:SPWR) and Trina Solar Limited (ADR) (NYSE:TSL).

Gareth Soloway
InTheMoneyStocks

Reply With Quote
  #9  
Old 12-15-2011, 03:17 PM
inthemoneystocks inthemoneystocks is offline
Jedi Padawan
 
Join Date: Sep 2009
Location: NYC
Posts: 83
inthemoneystocks is on a distinguished road
Default Re: Everyone Awaits the July Job Report

The markets are hovering around the flat line as all eyes remain on Europe. Europe has been quiet this week and that is making investors uneasy. The SPDR S&P 500 ETF (NYSEARCA:SPY) $122.28, +0.57 (+0.47%). While the S&P 500 is slightly higher on the day, the technology tracking ETF, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is trading at $54.81, -0.08 (-0.15%).

One of the main stocks on the radar today is Research In Motion Limited (USA) (NASDAQ:RIMM). They report earnings after the market closes today. The stock is currently trading at 52 week lows as Wall Street awaits the report. The bearish sentiment is high right now which may mean bad news is already factored in.

First Solar, Inc. (NASDAQ:FSLR) dropped over 20% yesterday. This stock is down again, trading at $32.01, -1.44 (-4.30%). The company warned on future earnings results and today hit a low not seen since 2006. At this point, the stock is near a longer term low and into major support. While the stock continues to be high risk, upside is likely from here.

Gareth Soloway
InTheMoneyStocks

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Nifty Technical Trend-16 July-20 July 2012 vs777 Stock Chart Technical Analysis (T/A) 0 07-14-2012 06:57 AM
Market Technical View-6 July 2012 vs777 Stock Market Talk 0 07-05-2012 09:10 AM
Worst Months of Job Losses (1939-present) thegreatgate Stock Market Talk 1 12-07-2008 04:37 AM
Is this the job for you? $60-80k Grizzums The Green Team Tavern 1 10-17-2007 09:21 PM


All times are GMT -4. The time now is 12:11 PM.


Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
StockMarketCats.com