Base Metal Stocks Remain In The Basement

March 28, 2013
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

March 27, 2013

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)

March 26, 2013

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

March 26, 2013

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

March 26, 2013

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

March 25, 2013

FedEx Leads The Transports Lower

March 25, 2013
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