The U.S. Consumer Just Lost a Little More Purchasing Power

December 31, 2010

Anyone that uses the U.S. Dollar as their main currency for trade just lost a little more purchasing power today. The U.S. Dollar Index is declining by 0.70 cents to $78.81. This decline in the U.S. Dollar Index usually helps to inflate the stock markets higher. That is certainly what is happening today as the SPDR Dow Jones Industrial Average(NYSE:DIA) and the SPDR S&P 500 Trust(NYSE:SPY) erase an early gap lower open.

Gold, silver, copper, and most other commodities are all trading higher today as the U.S. Dollar Index continues to decline. It is hard to think that the stock market index could close lower on the session with the U.S. Dollar Index declining so sharply.

Nicholas Santiago

Light Holiday Volume Dominates Trading

December 31, 2010

This entire week of trading has been done on extremely light volume. This is typical action during the week between the Christmas and New Years holiday. Today the SPDR S&P 500 Index(NYSE:SPY) found a low at 10:00 am EST and has bounced slightly higher since that time. It is always important to remember the old market adage that states, ‘never short a dull market’. This is as dull as it gets and the light volume will generally favor the upside. As of 10:41 AM EST the highly popular SPY is trading just 17 million shares. This market is very likely to just float slightly higher throughout the session.

32% Winner Posted This Morning On The Blog

December 29, 2010

This morning, based on sympathy play analysis, it was posted that XING should run. The post price was $1.88 per share. The stock ran to $2.48 today for a total one day return of 32%. Watch for future posts to make crazy $$$$. This is just a small showing of what 2011 will be like for Research Center members and Intra Day Stock Chat members.

Rare Earth Stocks Look Overdone

December 29, 2010

Rare earths stocks are all the rage right now. Every trader, investor, and financial media figure cannot stop talking about this industry group. Where were the rare earth stocks a year ago? Every since China mentioned that they would limit the export amount of their rare earth metals over the weekend these stocks have soared higher and caught a ton of media attention.

Molycorp Inc.(NYSE:MCP) is the leading stock and most talked about name in the industry group. This stock began trading on the New York Stock Exchange in July 29th, 2010. At that time the stock was trading around $13.00 a share and most traders did not know what a rare earth stock was. Yesterday Molycorp traded as high as $55.00 a share. The stock also staged a high volume reversal day by trading over 16 million shares closing sharply lower from the gap higher open. That was the heaviest volume the stock has ever traded. This is a sure sign of institutional profit taking. Traders should now wait for a good chart pattern setup before looking to buy this stock now.

Rare Element Resources Ltd.(NYSE:REE) is also another rare earth stock that is now looking extended at this time. REE is trading higher today by $1.48 to $14.48. The stock still remains strong on the chart, however, when stocks become this extended it is prudent to wait for a pullback before entering.

The Market Vectors Rare Earth Strategic Metals ETF(NYSE:REMX) is an ETF that is now becoming very popular. REMX is trading higher by $1.18 to $23.45. This ETF is looking a little extended and due for a pullback at anytime now.

It is always important to watch for stocks that become very extended in just a few trading days. This is usually caused by news and often an overreaction. This does not mean that these stocks are short trades just yet. It just means that if traders are looking to buy these names it would be prudent to wait for a pullback first.

Nicholas Santiago
Chief market Strategist

The One New Year’s Resolution You Need!

December 29, 2010

As the New Year approaches we reflect back on 2010 and give thanks for all of the good it has brought us. Now, we look onto 2011 and prepare to propel our subscribers even higher, with even more expert guidance, special offers and education!

Every January we kick off the New Year with special offers and enhanced expert money making guidance which sets the tone for the year, 2011 will be even better!  The Research Center has provided subscribers with an excellent year of education and massive profits. Take note of what subscribers have said about our services here. We are setting up to kick off the New Year in an incredible way for all of our subscribers; special money making plays, exclusive guidance, and all of our expert calls prepared to start your New Year the only way it should, with Massive Profits!

– Special Hidden Gems Play For January Will Propel Your Profits!

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Set The Tone For 2011, Kick January Off With Our Pros & Profit!

Called Nailed: XING Rocked To $2.08 So Far, From $1.88 Post Below

December 29, 2010

Happy Holidays From InTheMoneyStocks.

It is going to be a great 2011!!

ALERT:  Get in-depth analysis, along with exact entries/exits, swing trades, scalp trades, even our proprietary cycle work, join our Research Center or Intra Day Stock Chat NOW and enter the ranks of the Pros!

If you desire to succeed, Join NOW and leave the rest behind!

SHZ and CHGS Ripping. Watch XING For Momentum

December 29, 2010

SHZ and CHGS are both China mineral plays that have ripped the last few days. Again today, both are up more than 15% on the day. XING has a beautiful consolidation pattern on the daily chart and may be getting ready to rip. This could soar if momentum comes in based on it being in the mineral field in China.

Gareth Soloway
Chief Market Strategist