Base Metal Stocks Remain In The Basement

This morning, many of the leading base and industrial metal stocks are retreating again. This important industry group has been very weak in 2013. One of the leading stocks in the sector is Teck Resources Ltd (NYSE:TCK). This stock is now trading down to its September 2012 lows. Today, TCK stock is trading lower by 0.24 cents to $28.05 a share. Short term traders should watch for intra-day support around the $27.85, and $27.30 levels. The daily chart trend remains down at this time with TCK stock trading below the important 50 and 200-day moving averages.

Some other leading base and industrial metal stocks that are declining on the trading session include Rio Tinto plc (ADR) (NYSE:RIO), BHP Billiton Limited (ADR) (NYSE:BHP), and Vale SA (ADR) (NYSE:VALE). All of these stocks mentioned will usually be weak when the Chinese stock market declines. Last night, the important Shanghai Index finished lower by nearly 3.0 percent.

Nicholas Santiago
http://www.InTheMoneyStocks.com

Financial Action: Worries From Europe And Contagion

As the markets push towards all time highs, financial stocks like JPMorgan Chase & Co. (NYSE:JPM) are dropping sharply. Today, JPMorgan is trading at $47.78, -0.86 (-1.77%). European concerns continue to mount as Cyprus is set to reopen their banks on Thursday. The reason why there is mounting concern, stems from a possible run on the banks. A run on the banks in Cyprus would have little impact, but there is continuing talk that it may spread to other European countries. If there is contagion and people pull money out of their banks across Europe, it could collapse the banking system. The exposure JPMorgan and the other banks have would be immense.

This is the main reason why U.S banks are under pressure and unable to make new highs like the Dow Jones Industrial Average. There is already talk contagion would be spreading to other countries in Europe.

Gareth Soloway
InTheMoneyStocks.com

Trade Of The Day: Gordmans Stores (GMAN)

Gordmans Stores, Inc. (NASDAQ:GMAN) is taking a pounding today. This means for us day traders there is always an opportunity. The level isolated today as a great trade pivot was the double bottom at $11.56 on the daily chart. As the stock flushed, it fell right into that level, hitting a low of the day at $11.55, crossing the master level by $0.01. This was a max move play and double bottom play. After buying at $11.56, members rode GMAN as high as $12.10, a gain of 5% in less than twenty minutes.

Gareth Soloway
InTheMoneyStocks

Netflix Triangle Signals A Little More Upside

Netflix, Inc. (NASDAQ:NFLX) is trading at $190.68, +9.89 (5.47%). The stock is having a solid day but still trading in a technical triangle pattern. A triangle basically alerts traders to consolidation. In this case, it tells of bullish consolidation for one final move higher. The move higher should take it to $208.00. This would be a technical gap fill level and major resistance.

Gareth Soloway
InTheMoneyStocks.com

Railroad Stocks Head Northbound Early

This morning, many of the leading railroad stocks are trading higher at the start of the session. One of the leading railroad stocks in the market is Kansas City Southern (NYSE:KSU). Today, KSU stock is trading higher by $1.09 to $107.80 a share. Short term traders should watch for intra-day resistance around the $108.50 level. The daily chart of KSU still remains strong by trading above the important 50 and 200-day moving averages.

Some other leading railroad stocks that are trading higher today includes CSX Corp. (NYSE:CSX), Union Pacific Corp (NYSE:UNP), and Norfolk Southern Corp (NYSE:NSC). All of these railroad stocks are holding up well at this time. The railroad stocks have been a leading part of the transportation sector. Should the railroad stocks begin to sell off it could be a negative sign for the major stock indexes.

Nicholas Santiago
http://www.InTheMoneyStocks.com

Inside The Charts: Analysis, Trade Setups, Calls And Profits

FedEx Leads The Transports Lower

One of the leading transportation stock in the world is FedEx Corp (NYSE:FDX). Last week, this stock reported earnings that were below analysts expectations. The company also cited weaker demand internationally. Today, FDX stock is declining lower by $1.57 to $96.88 a share. Short term traders should watch for intra-day support around the $95.30, and $93.69 levels. FDX stock is also trading below the important daily chart 50 moving average which puts the stock in a weak technical position.Some other leading transportation stocks that are declining lower today include Union Pacific Corporation (NYSE:UNP), Delta Air Lines Inc (NYSE:DAL), and United Parcel Service Inc (NYSE:UPS). Please understand, FDX stock is the most important transportation stock in the industry group.

Nicholas Santiago
InTheMoneyStocks.com

Oracle Stuns Stocks, But It Is A Minor Factor On Market To New Highs

Oracle Corporation (NASDAQ:ORCL) stunned the markets with a poor quarterly report. In the last few days, stocks like Caterpillar Inc. (NYSE:CAT), Deere & Company (NYSE:DE) also disappointed. While the  markets pulled back and are trading slightly lower, this is not even close to enough to derail the move on the S&P 500 to new all time highs.

The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $155.11, -0.52 (-0.33%). This is well off the lows. The all time high on the SPY is $157.52. Regardless of poor earnings and European issues, the market appears destined to hit all time highs. Once hit, it should spike even higher, squeezing out shorts that jump on board at that level.

Gareth Soloway
InTheMoneyStocks

Natural Gas Stocks Retreat

This morning, many of the leading natural gas stocks are pulling back after the U.S. Energy Information Administration (IEA) data. The United States Natural Gas Fund has pulled back intra-day after the IEA report for natural gas was released. Today, the UGA is trading lower by 0.02 cents $21.59 a share.

Some of the leading natural gas stocks that have declined after the natural gas report include Chesapeake Energy Corporation (NYSE:CHK), Devon Energy Corp (NYSE:DVN), Southwestern Energy Co (NYSE:SWN) and Clean Energy Fuels Corp (NASDAQ:CLNE). CHK stock will have some short term intra-day support around the $20.40 level. The daily chart of CHK should have short term support around the $19.00 area.

Nick Santiago
http://www.InTheMoneyStocks.com

Down in Sympathy

Last night, leading application software firm Oracle Corp (NASDAQ:ORCL) reported earnings that were below analysts expectations. The report was a major disappointment for the tech sector. Today, ORCL stock is trading lower by more than 8.0 percent to $32.77 a share.

Often, when a major stock declines such as ORCL it will cause other market leading stocks to decline in sympathy to it. One of the leading stocks in the application software space that is coming under selling pressure is SAP AG (NYSE:SAP). This stock should have very good intra-day support around the $79.95 level. The daily chart of SAP will have good support around the $78.70 area.

Some leading equities that are also falling on the back of the ORCL earnings report include International Business Machines Corporation (NYSE:IBM), CA Technologies (NASDAQ:CA), and Microsoft Corporation (NASDAQ:MSFT).

Nick Santiago
InTheMoneyStocks