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bryanleighton 24 posts  |  Last Activity: Jul 1, 2015 11:52 AM Member since: Feb 26, 2010
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  • Watch this analysis video as Nick details how to trade GLW... https://youtu.be/EHNIKePC27M

    Sentiment: Buy

  • Tesla Motors Inc (TSLA) is dropping over 5% on the day. The company is set to report earnings after the market closes today. In 2013, the stock has soared almost 500%, hitting an all time high on Monday of $145.73. So why today is the stock dropping sharply before earnings?

    Speculation has to focus on institutional selling since the volume is huge. Could this be institutions selling as they believe the stock will disappoint and fall? With the stock being up so high, a pull back is likely. In addition, recently Goldman Sachs (GS) gave Tesla a price target of $85 per share.

    All of this points to institutions shorting and selling the stock ahead of earnings. They are expected to report a whisper number loss of $0.05 per share. Revenue will be key as well as future guidance. This will be fun to watch. Cheers!

    Gareth Soloway
    InTheMoneyStocks

    Sentiment: Sell

  • Facebook Inc (FB) has surged 50% since it reported earnings just two weeks ago. It was trading at $26.50 prior to earnings and hit a high today of $39.32. The stock is currently trading at $39.06, +1.01 (2.65%) on the day. Facebook has taken out the IPO price of $38.00 and many are wondering where it is headed next. The answer, based off the chart is simple. The all-time high of $42.00 is the short level for this high flier. This will also give the company an approximate market cap of $100 billion Dollars. This will be a huge resistance point. A pull back would be expected back to the $38.00 which would be an approximate 10% profit.

    Gareth Soloway

    Sentiment: Sell

  • bryanleighton by bryanleighton Jul 22, 2013 1:10 PM Flag

    Precious metals have been one of the worse performing sectors recently. Today that is not the case, the SPDR Gold Trust (ETF) (GLD), and the iShares Silver Trust (ETF) (SLV) are outperforming every major industry group on the day. The move higher comes as the U.S. Dollar Index futures decline on the session. It should also be noted that the USD/JPY is also falling and that weak currency pair also helps the precious metals to rally higher.

    Some of the gold and silver mining stocks that are rallying higher today include Yamana Gold Inc. (USA) (AUY), Goldcorp Inc. (USA) (GG), and Pan American Silver Corp. (USA) (PAAS). Traders that want to track and trade the gold mining sector should follow the Market Vectors Gold Miners ETF (GDX). Today, the GDX is trading higher by 6.23 percent at $27.48 a share. Short term day traders should watch for intra-day resistance around the $28.00 level. This industry group is showing tremendous intra-day relative strength today, so trying to fade this equity is going to be a tough endeavor. Traders should watch the USD/JPY, and the U.S. Dollar Index closely as the precious metals will generally trade inversely to the dollar.

    Nicholas Santiago
    InTheMoneyStocks

    Sentiment: Buy

  • Many of the leading home-builder stocks are coming under some early morning selling pressure. Earlier today, the National Association of Realtors said home sales fell 1.2 percent to an annual rate of 5.08 million units. This news seems to be having a slightly negative effect on the leading home-builder stocks such as Toll Brothers Inc (TOL), M/I Homes Inc (MHO), Lennar Corporation (LEN), and the Ryland Group, Inc. (RYL).

    Traders that want to track the home-builder sector can follow the iShares Dow Jones US Home Construction ETF (ITB). Today, ITB is trading lower by 0.36 cents to $22.87 a share. Day traders can watch for intra-day support around the $22.50 level.

    Traders should follow the home-builder sector very closely as it is such an important part of the U.S. economy. A fair case can be made that the home-builder stocks are a leading indicator for the economic recovery and the stock market. Currently, the leading home-builder stocks have been in a trading range since the start of the year. The key daily chart support level for the ITB is around the $20.00 level. Any significant break below that important support area could spell serious problems for the home-builder sector and the U.S. economy.

    Nicholas Santiago
    InTheMoneyStocks

    Sentiment: Sell

  • Gold and silver are inching higher today after a major decline over the last week. The fact that the bounce is so small, tells intelligent investors more downside is likely. The SPDR Gold Trust (GLD) is trading at $118.54, +0.26 (0.22%). In the last week, the GLD has fallen from $133.00 to $118.00. Seeing this meager bounce is a warning sign for traders looking for an entry in this range.

    Where will it drop to? The level is at $113.00. Once here, expect a near term strong bounce before it heads to its final low of $100.00.

    Sentiment: Sell

  • bryanleighton by bryanleighton Jun 24, 2013 1:14 PM Flag

    There is a great bear flag formation on the ProShares UltraShort 20+ Year Trea (ETF) (NYSEARCA:TBT). The opposite can be seen on the inverse ETF the iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT). There is a classic intra day bull flag.

    When you go short the TBT you are shorting rates and when you go long TLT you are going short rates. This is an easy setup that should pay off nicely by the end of the day. Lock and load.

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks

    Sentiment: Buy

  • This morning, the leading social networking stock in the world Facebook Inc (NASDAQ:FB) is coming under selling pressure again. This stock has been selling off since May 3, 2013, when it traded as high as $29.07 a share. Today, FB is trading lower by 0.38 cents to $25.87 a share. With this action in the stock price comes trading opportunity; swing traders should watch for some near term support on the Daily time frame chart around the $25.00 area. Short term day traders should also watch for intra-day support around the $25.80, and $25.32 levels. Both areas should provide for a bounce in the stock price.

    Some other leading social networking stocks that have been weak lately include LinkedIn Corp (NYSE:LNKD), Renren Inc (NYSE:RENN), and United Online Inc (NASDAQ:UNTD). Today, all of these social media and networking stocks are trading higher with the exception of Facebook Inc which continues to lag the industry group.

    Nicholas Santiago
    InTheMoneyStocks

    Sentiment: Buy

  • One of the weakest sectors in the stock market has been the coal stocks. This important industry group has been declining since April 2011. At that time, the Market Vectors Coal ETF (NYSEARCA:KOL) traded as high as $51.87 a share. Today, the highly followed KOL is trading lower by 0.11 cents to $21.08 a share. KOL has declined by nearly 60.0 percent from its 2011 top. Short term traders must still recognize that this sector is still in a severe down trend on the charts. The KOL will have some daily chart support around the $20.00 level. Short term day traders can watch for intra-day support around the $20.95 level.

    Many traders and investors are looking for a bottom in this sector. This has been very difficult as many of the leading coal stocks continue to make new lows on a daily basis. Please understand, this sector is very oversold and short covering bounces will occur from time to time. This sector is very unfavorable due to the current domestic energy policies and a weakening Chinese economy. Demand for coal and coal products has certainly declined recently.

    Some leading coal stocks that most traders and investors follow include Peabody Energy Corporation
    (NYSE:BTU), Arch Coal Inc (NYSE:ACI), Alpha Natural Resources Inc (NYSE:ANR), and Walter Energy Inc (NYSE:WLT). All of these leading coal stocks remain in a downtrend at this time. Sometimes when stock sectors decline so sharply it is better to wait for a confirmed reversal before trying to pick the low in the industry group.

    Nicholas Santiago
    InTheMoneyStocks

    Sentiment: Sell

  • While many stocks sit near 52 week highs and others sit near all time highs, some stocks have been crushed and trade near 52 week lows. Two of those stocks are Deere & Company (NYSE:DE) and Caterpillar Inc. (NYSE:CAT). Both had bottoming tails yesterday and are trading at 2013 lows. Note the stats below.

    Deere & Company (NYSE:DE)
    2013 High: $95.60
    2013 Low: $81.58
    Current Price: $$82.50
    Bottoming Tail: 04/17/2013

    Caterpillar Inc. (NYSE:CAT)
    2013 High: $99.70
    2013 Low: $80.10
    Current Price $80.50
    Bottoming Tail: 04/17/2013

    Both stocks are very attractive at current levels after selling off sharply on global growth worries. Caterpillar has earnings on the morning of 04/22/2013. Current earnings expectations and even a small miss have been factored in on the stock. While not a long term buy level, it is likely that the current level represents a good area for an upside bias to the $85.00-$87.00. Deere has upside potential to $85.50.

    These levels have been gathered by both technical and proprietary analysis.

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks

    Sentiment: Buy

  • bryanleighton by bryanleighton Apr 9, 2013 10:45 AM Flag

    The gold mining stocks have been one of the weakest stock sectors in 2013. This morning, the leading gold mining stocks are all trading higher at the start of the trading session. Traders and investors can track and follow the sector by using the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading higher by 0.71 cents to $35.36 a share. Short term traders should watch for intra-day resistance around the $35.60, and $36.00 levels. The daily chart of the GDX remains in a weak technical position by trading below the important 50, and 200-day moving averages.

    Some of the leading gold mining stocks that are catching a bid higher today include Randgold Resources Ltd (NASDAQ:GOLD), Yamana Gold Inc (NYSE:AUY), IAMGOLD Corp (NYSE:IAG), and Goldcorp Inc (NYSE:GG). All of these stocks have been oversold in the short term so bounces in this sector are possible. Until these stocks can trade back above the daily chart 50-day moving average these stocks should be viewed as short term trading vehicles.

    Nicholas Santiago
    InTheMoneyStocks

    Sentiment: Sell

  • Everyone knows that consumer spending keeps the economy running in the United States. If the consumer decreases their spending, the economy will usually come to an abrupt halt. Think about it, in 2008 when employers started to lay off workers the economy slowed down. Credit card lenders and banks also cut credit lines. This action by the large financial institutions also helped to cause a dramatic decline in the economy. Basically, when money is taken out of the hands of the U.S. consumer, the economy will slow down. After all, consumer spending accounts for roughly 70.0 percent of the gross domestic product in the United States. At the start of the new year the payroll tax cuts expired and everyone is seeing less take home money in their pay checks. Less discretionary income will make the consumer have no choice but to change the way they spend their money.

    How can we tell when the U.S. consumer cuts back on spending? One of the best ways to figure out when the consumer is beginning to pullback on its spending habits is to follow the large leading retail stocks. One stock that is making a higher low on the daily chart is Costco Wholesale Corp (NASDAQ:COST). This stock had been a major winner in 2012, but now the stock is looking top heavy on the charts. It is still a strong stock and good company, but it now showing signs of slowing down in its price action. This stock still has some minor daily chart support around the $100.00 level in the near term. Should COST break that level with higher volume, then this stock could easily decline to $93.00 a share which is the next important support level.
    Some other stocks that are making lower highs on the chart include Wal-Mart Stores Inc (NYSE:WMT), Bed Bath & Beyond Inc (NASDAQ:BBBY), Lululemon Athletica inc (NASDAQ:LULU), and Gap Inc (NYSE:GPS). All of these stocks have one thing in common, they have made lower highs on the chart. Lower highs on a chart are never a good sign for a stock. When lower highs occur in the l

    Sentiment: Sell

  • bryanleighton by bryanleighton Mar 14, 2013 2:05 PM Flag

    International Business Machines Corp. (NYSE:IBM) surged today, blowing up to a new all time high. The stock had a dramatic rise in the morning session spiking to a high of $215.59 after closing yesterday at $212.06. This run today is coming on heavier volume that usual and could be a blow-off top. A blow-off top is a term known for where all the shorts cover, the retail longs buy and the institutions dump, ultimately a top. The culmination of these events creates the dramatic jump in share price on heavier than normal volume.

    Another interesting note is that IBM has moved higher over the last two weeks from a low of $197.51 to the high today of $215.59. This is a run of $15.08. In the world of IBM, that is monstrous.

    Whether this is a blow-off top or not will not be known for days if not weeks, but the move has all the signals of that possibility.

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks

    Sentiment: Sell

  • Yesterday, Apple Inc. (NASDAQ:AAPL) saw a surge up, one of the few up moves in recent history. This came during options expiration week where rumors always fly. The reason for these rumors is to adjust stock prices to levels where options expire worthless, thus maximizing profits for the institutions. After the pop yesterday, Apple has fallen lower again today. It is trading at $431.54, -6.33 (-1.45%). The big question must be asked, will another rumor pop the stock today or at any point the rest of the week?

    Based on history, the answer would be yes. This is simple. If an institutions popped it yesterday, and those gains have slipped prior to options expiration Friday, it is likely another rumor will pop it later this week. Stay tuned, options expiration trading is always fun!

    Gareth Soloway
    InTheMoneyStocks

    Sentiment: Buy

  • Gold miners have been the worst performing sector in the last six months. The charts on stocks like Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) and Yamana Gold Inc. (USA) (NYSE:AUY) are truly scary as they have seen drops of over 30% in that time frame.

    Since gold traded at its all time highs, I warned about this collapse. Too many individual investors bought into the hype and loaded the boat on these miners and the commodity itself. Whenever the media pumps it and radio/TV commercials pump it as well, the top is in. Once all the average investors have bought, the institutions reverse their positions and flush it.

    The buy price on the miners is getting close for a near term bounce. However, it is just a near term play as further downside will be see. Watch the $36.00 level on the Market Vectors Gold Miners ETF (NYSEARCA:GDX). It is currently trading at $38.38, -0.99 (-2.51%).

    Gareth Soloway
    InTheMoneyStocks

    Sentiment: Buy

  • These days we are constantly hearing about currency wars taking place across the globe. Almost every leading country is trying and racing to devalue their currency in order to boost their exports. Just look at the recent action by the Japanese government and the Bank of Japan (Japanese central bank). The Japanese finance minister actually stated they his goal was to get the Nikkei 225 Index up to 13,000 by the end of March. You cannot make this stuff up. Never before has a prominent government figure made such a comment.

    Last week, there was a G-20 meeting in Moscow, Russia. This was a pow wow between central bankers and finance ministers. Many talking heads in the media reported that the goal of the meeting was to stop all of the money printing that is going on in almost every major country in the world. We know that nothing has really changed since that meeting. Many Euro-zone countries are complaining that the Japanese Yen is too weak and that the Euro currency is too strong. The Euro topped out on February 1, 2012 around the 1.371 level. Today, the Euro is trading down to the 1.336 level. Traders should expect the Euro to trade down to the 1.32 level where there will be some daily chart support. Should that support level fail to hold up there could be a lot more downside for the Euro.

    In the wacky world of currency trading the charts will be very important. Some ways of playing the currency markets are by using the currency shares. Here are a few currency shares that traders can trade and follow, they are the CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB), CurrencyShares Euro Trust (NYSEARCA:FXE), CurrencyShares Japanese Yen Trust (NYSEARCA:FXY), and the CurrencyShares Australian Dollar Trust (NYSEARCA:FXA).

    InTheMoneyStocks

    Sentiment: Sell

  • bryanleighton by bryanleighton Feb 20, 2013 12:02 PM Flag

    Many professional traders and investors follow copper closely. The industrial metal is known throughout history to be a good leading indicator for the economy and the stock markets. Many traders can now track the action in copper by following the iPath DJ-UBS Copper TR Sub-Idx ETN (NYSE:JJC). Today, the JJC is declining lower by 0.52 cents to $45.51 a share. Short term traders should watch for intra-day support around the $45.00, and $44.50 levels. The JJC should have good daily chart support around the $43.70, and $42.00 levels. In the near term, the JJC is a little oversold on the daily chart so a minor bounce should not be ruled out at this time.

    The leading copper stocks in the market are Southern Copper Corp (NYSE:SCCO), and Freeport-McMoRan Copper & Gold Inc (NYSE:FCX). Another equity that tracks and follows the copper mining stocks is the Global X Copper Miners ETF (NYSEARCA:COPX). Today, the COPX is trading lower by 0.22 cents to $12.45 a share.

    InTheMoneyStocks

    Sentiment: Buy

  • Google Inc (NASDAQ:GOOG) is trading at $802.38, +9.48 (1.20%). This is a new all time high and Wall Street is cheering. In the short term Google appears to be very strong but there is a master level approaching at $810.00. This is a pivot cycle point which will be an inflection point on the stock. It should start heading south by early next week if this level is tagged.

    While some might be skeptical on the pivot point gathered by my proprietary calculations known as the PPT Methodology, what cannot be argued is the massive insider selling going on. If that does not send major warning signals to shareholders, nothing will.

    Just in the last month Eric Schmidt, one of the founding fathers of Google reportedly sold half his entire stake, 3.2 million shares. In addition, countless other insiders are dumping at a record pace. For a stock that appears unstoppable, something is amiss.

    Gareth Soloway

  • bryanleighton by bryanleighton Feb 2, 2011 10:44 AM Flag

    J.C. Penney Inc.(NYSE:JCP) is declining sharply this morning by 0.69 cents to $31.12 a share. The stock has been under selling pressure for four consecutive trading session. Short term scalp traders can look for intra-day support around the $30.40 level should the stock decline down to that level. There will be some minor intra-day support around the $30.90 area first. Take note of these levels, place them on your charts intra day and trade the best levels.

    Nicholas Santiago
    InTheMoneyStocks.com

  • bryanleighton by bryanleighton Jan 3, 2011 5:40 PM Flag

    When I hear the talking heads in the media speak about how the banks have paid back the TARP money or that the U.S. government made a good investment I sometimes choke on my glass of water that I drink. Does anyone realize that the large major banks have been borrowing money at zero percent since December 2008 from the Federal Reserve Bank? That is over two years of free money that the banks have used to pay back TARP, or the so called troubled asset relief program. In other words, the U.S. taxpayer that lent the money to the banks during the TARP bailout program will actually never really get paid back. The U.S. taxpayer is still supporting Fannie Mae and Freddie Mac. These are the two government backed institutions that are buying the toxic mortgage assets from the major banks. It seems that all of these large financial institutions that are too big to fail are getting paid off with the same dollar, except for the U.S. taxpayer who is actually paying the bill.

    On top of the fact that the large major banks are borrowing or taking the free money from the central banks, they are also buying U.S. Treasuries, stocks, and other investments. They also operate a credit card business that charges an average of 17.0 percent interest to their customers. These banks do not have to write down their toxic assets which range in the trillions of dollars. That is correct, it is in the trillions with a 'T'. How are these banks ever going to fix there balance sheets? Well, they really don't have to fix their balance sheets with the accounting rules that are in place. This is worst than the accounting that was used by Enron, Global Crossing, or any of the other corrupt stocks on the early 2000's that went belly up after using fraudulent accounting. The only difference this time between the banks balance sheet and Enron's balance sheet is that the bank's balance sheet is actually legal. The rules have been changed in the middle of the game by the powers that be so that they can operate and remain in business. Meanwhile, small regional banks go out of business every week creating less competition for the big boys who manipulate the whole game. What a racket this is.

    How can such a system exist in a so called capitalist society? What ever happened to supply and demand as the driver of prices? These days the Federal Reserve Bank buys an average of $8 billion in U.S. Treasuries everyday via their POMO (permanent open market operation). This creates cash reserves and inflates the markets, hence our stock market rally. Oh well, we shall ride the wave while it lasts, this really is the market of make believe.

    Nicholas Santiago
    Chief Market Strategist
    InTheMoneyStocks.com

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