BTU Heats Up

Everyone knows that the coal sector has been extremely weak as of late. There is one leading coal stock that is catching a bid higher today and it is Peabody Energy Corp (NYSE:BTU). Today, BTU stock is trading higher by $1.01 to $31.21 a share. The stock will have intra-day resistance around the $31.60 area. The daily chart could have some more upside in the near term, however, the stock remains well below the important 200 day moving average which puts the stock in a weak technical position.

Some other leading coal stocks that are trading higher today include Alpha Natural Resources, Inc. (NYSE:ANR), Arch Coal Inc (NYSE:ACI), and James River Coal Company (NASDAQ:JRCC). Please note that the entire coal sector still remains weak on the daily charts.

Nicholas Santiago
InTheMoneyStocks.com

How To Turn Computer Clicks Into Gold: The Trades Of The Week

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Daily Chart: Priceline.com Inc Tags Double Top

Priceline.com Inc (NASDAQ:PCLN) tagged the double top on the daily chart today. This level is between $770 and $775. Double tops are known for being solid resistance points. This means it is likely that the stock will pull back off this level.

Gareth Soloway
InTheMoneyStocks.com

Alert: Key Stock Levels On Apple Inc.

The price action on Apple Inc. (NASDAQ:AAPL) continues to be poor. The weeks prior to earnings, Apple took a beating. After a one day mega pop on solid quarterly earnings, it is taking a beating again. Today, the iEverything company is trading at $588.59, -14.41 (-2.39%).

The weakness in price action definitely speaks volumes for a continued pull back in the stock. After a monster one day rally, the Apple cannot catch a bid and has headed straight down. The obvious reasons for this selling is continued distribution by institutions into the hyped up retail investor and mutual fund.

The short term support levels on Apple are shown below. These are meant for day trading scalps and should not be construed as swing trade buy levels.

Gareth Soloway
InTheMoneyStocks.com

Home-builders Stocks Hit The Roof

Most of the leading home-builder stocks are now trading into overbought territory. When a stock or sector becomes overbought it will become susceptible to near term pullbacks. Today, most of the leading home-builder stocks are coming under early selling pressure. Toll Brothers Inc (NYSE:TOL) is considered to be the leading stock in the sector. This stock has surged sharply higher since April 10, 2012 when the stock traded around $21.78 a share. Today. TOL stock is declining lower by 0.43 cents to $25.13 a share. This stock is trading above all of the major daily chart moving averages which puts the stock in a strong technical position. The problem with the stock at this time is that it is overbought and will likely need to consolidate or pullback before moving higher. Short term traders can watch for intra-day support around the $25.00, and $24.65 levels.

Some other leading home-builder stocks that are selling off today include Lennar Corp (NYSE:LEN), D.R. Horton Inc (NYSE:DHI), and K.B. Home (NYSE:KBH). All of these stocks have similar patterns to TOL, traders should expect near term pullbacks in all of these stocks before another attempt to move higher.

Nicholas Santiago
InTheMoneyStocks.com

Restaurant Get Cooked Early

This morning, many of the leading restaurant stocks are declining lower. Chipotle Mexican Grill Inc (NYSE:CMG) has been one of the stronger restaurant stocks in the market. This leading stock sold off sharply on April 19, 2012 when it traded as high as $439.40 a share. Today, CMG stock is trading lower by $4.61 to $414.18 a share. Short term traders can watch for intra-day support around the $413.50, $411.00, and and $408.70 levels. The daily chart will still have minor support around the $401.00 area.

Some other leading restaurant stocks that are coming under early selling pressure include Yum! Brands, Inc. (NYSE:YUM), Panera Bread Co (NASDAQ:PNRA), and Tim Hortons Inc. (USA) (NYSE:THI). All of these stocks are trading together today, however, they will very often trade in their own direction. Traders must judge each chart individually when it comes to the restaurant stocks.

Nicholas Santiago
InTheMoneyStocks.com

Final Trading Session In April

This morning, the S&P 500 Index e-mini futures (ES-M2) are trading lower by 3.50 points to 1395.00 per contract. This decline comes as most of the leading European stock markets are trading slightly lower. Traders and investors that cannot closely follow the European markets so should follow the action in the U.S. Dollar Index. All of the major stock market and commodity indexes continue to trade inverse to the U.S. Dollar. This is very evident today as United States Oil Fund LP (ETF) (NYSEARCA:USO), SPDR Gold Trust (ETF) (NYSEARCA:GLD), and the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) are all declining ahead of the opening bell.

 

This morning, the S&P 500 Index e-mini futures (ES-M2) are trading lower by 3.50 points to 1395.00 per contract. This decline comes as most of the leading European stock markets are trading slightly lower. Traders and investors that cannot closely follow the European markets so should follow the action in the U.S. Dollar Index. All of the major stock market and commodity indexes continue to trade inverse to the U.S. Dollar. This is very evident today as United States Oil Fund LP (ETF) (NYSEARCA:USO), SPDR Gold Trust (ETF) (NYSEARCA:GLD), and the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) are all declining ahead of the opening bell.

Trade Setups, Education and Profits: Rocking This Week With The Pros

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Financial Stocks Are Weak Early

This morning, all of the leading financial stocks are declining lower. J.P. Morgan Chase & Co (NYSE:JPM) is considered the most important financial stock in the United States. This stock will often lead the major stock market indexes. Today JPM stock is trading lower by 0.39 cents to $43.40 a share. Short term traders should watch for intra-day support around the $43.15 and and $42.64 levels. The daily chart will still have support around the $41.00 level.

Some other leading financial stocks that are coming under early selling pressure include Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), and Morgan Stanley (NYSE:MS). Please remember the financial sector will likely be very volatile over the next few months as all of these stocks have some relationship to the European markets.

Nicholas Santiago
InTheMoneyStocks.com

Markets Start Higher Despite Spain, Italy, and GDP

There is a ton of stock market news this morning. Last night, Spain was downgraded by Standard & Poors to BBB+ from A with a negative outlook. Then this morning, Spain announced that unemployment climbed to 24.4. percent from 23.8 percent. Believe it or not, the IBEX 35 (Spanish stock index) is trading higher by 1.90 percent today. This is why we use charts and do not follow the news, who could imagine the Spanish stock market would be trading higher on this negative news. Earlier today, Italy sold €5.95 billion in debt as yields climbed to 5.84 percent. It seems that as long as bond yields remain below 6.0 percent the stock markets hold up. First quarter GDP (gross domestic product) for the United States was released at 8:30 am EST, the Q1 number was 2.2 percent which was well below analyst expectations of 2.5 percent. With all of this negative news you would think the markets would be lower, however, that is not the case as the stock markets are higher ahead of the opening bell.