Is The Foundation Cracking In The Home-builder Stocks?

March 30, 2012

This morning, most of the leading home-builder stocks are coming under early selling pressure. This important stock sector has surged higher since the October 4, 2011 stock market low. Toll Brothers Inc (NYSE:TOL) is one the most followed and traded home-builders that any trader or investor can track. This stock caters to the more affluent consumer as it builds high end homes. Today, TOL stock is trading lower by 0.47 cents to $24.13 a share. Short term traders can watch for intra-day support around the $23.81 and $23.60 levels. The daily chart of TOL is still holding up fine at this time, however, the stock is overbought in the near term and due for a pullback.

Some leading home-builder stocks that are also declining today include Lennar Corp (NYSE:LEN), KB Home (NYSE:KBH), and DR Horton Inc (NYSE:DHI). These stocks are all overbought on the daily charts and a pullback is likely in the near term.

Nicholas Santiago
InTheMoneyStocks.com


Falling U.S. Dollar Lifts All Boats

March 30, 2012

This morning, all of the major stock indexes in the United States and Europe are rising. The catalyst for the early advance is once again more liquidity added to the market. Earlier today, it was announced that the European Union increased the size of its bailout fund to $934 billion. Believe it or not, the U.S. Dollar Index has declined lower by 0.41 cents to $78.95 per contract on the news. Simply put, when the dollar declines the stock markets around the world will inflate and trade higher. Many traders and investors are wondering when the higher inflation that is being created will become problematic for the markets. So far, the markets continue to rise.

 


Stocks Sell But Will AAPL and JPM Save The Day Again?

March 29, 2012

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Three Day Losing Streak? Unheard Of…

March 29, 2012

The markets are down once again, falling for the third day in a row. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.28, -1.15 (-0.82%). This recent rally has been a monster, blasting the SPY from $120.00 in December to the recent 52 week high of $141.83. The move has seen little to no down days and has even pushed the retail investor into full on bullish mode.

While the pull back is solid today, the daily S&P 500 20 moving average is getting tagged. That level must get broken for the markets to fall further. Any break of the daily 20 moving average, would see the markets dump to the $136.50 level on the SPY.

While Apple and JPMorgan are selling today, stocks like International Business Machines Corp. (NYSE:IBM), Amazon.com, Inc. (NASDAQ:AMZN) and Intel Corporation (NASDAQ:INTC)  are slightly higher. These are the only green in an otherwise very red market.

Gareth Soloway
InTheMoneyStocks.com


Keys: Apple And JPMorgan Start To Break Down

March 29, 2012

The market has had one of its biggest non stop rallies in history. This quarter is the best first quarter of any year since 1998. The reasons for the markets success rely purely on the performance of two key stocks, Apple Inc. (NASDAQ:AAPL) and JPMorgan Chase & Co. (NYSE:JPM). Even yesterday, the markets trimmed their losses as both stocks turned early negatives into positive gains.

Today, both stocks are beginning to collapse. For the first time in months they are showing weakness together. While still early, these will be the key to any true sell in the markets.

Gareth Soloway
InTheMoneyStocks.com


Steel Could Continue To Melt

March 29, 2012

This morning, most of the leading steel stocks are trading slightly lower on the session. The important steel sector has been declining since March 19, 2012. The sector still looks as if it can have further downside in the near term before any meaningful bounce can take place. The leading steel stock that most traders follow is U.S. Steel Corp (NYSE:X). Today, the stock is trading lower by 0.41 cents to $28.42 a share. This stock will have some daily chart support around the $27.50, and $26.00 levels. Short term traders can watch for intra-day support around the $28.00, and $27.50 levels.

Some leading steel stocks that are coming under selling pressure today include Nucor Corp (NYSE:NUE), Steel Dynamics Inc (NYSE:STLD), and AK steel Holdings Corp (NYSE:AKS). All of these stocks could have further downside in the near term according to pattern on the daily charts at this time.

Nicholas Santiago
IntheMoneyStocks.com


Too Big To Fail Is Too Big To Fall

March 28, 2012

This afternoon, all of the large major bank stocks are holding up despite the sharp decline in the major stock indexes. Leading bank stocks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Bank of America Corp (NYSE:BAC), and Wells Fargo & Company (NYSE:WFC) are actually trading positive today by a few pennies. If these recent market leaders were trading lower on the session the major stock indexes would certainly be much worse today. The large financial stocks have now rallied higher since December 19, 2011.

The most important bank stock is JPMorgan Chase & Co. This stock should be closely followed by every trader and investor as it has lead the markets since 2009. If and when JPM stock starts to slide that is when this market could be under some real distribution. The stock is trading higher 0.11 cents to $46.00 a share. Short term traders should watch for intra-day resistance around the $46.10, and $46.30 levels.

Nicholas Santiago
InTheMoneyStocks.com