Inside Market Track: Trade Setups Post Federal Reserve

October 31, 2013

Consumer Vanished In October: Trade It With This Stock

October 31, 2013

Today, Visa Inc (NYSE:V) reported earnings. The big news with Visa was that the consumer vanished in October they said. Literally, vanished. The stock is trading at $198.20, -5.62 (-2.76%). This news makes many wonder if the retail sector may be in for a very tough holiday season.

This very negative news shows the consumer has put away their wallet in the short term because of the government shut down and current economic situation. The consumer is resilient BUT can only be hammered so many times before they retreat for a longer stretch. With the government risking default and shut down again in January/February, the consumer man stay hidden.

The trade here can be had on Mastercard Inc (NYSE:MA) on the short side. This company reported earnings this morning but did not mention how sales were going in October. Considering Mastercard and Visa are almost identical, it can be assumed that things are not great for Mastercard. The stock is hovering around the flat line but will likely see weakness in the coming days and weeks because of this news. Most investors have not made the connection just yet.

Gareth Soloway
InTheMoneyStocks.com


Consumer Vanished In October: Trade It With This Stock

October 31, 2013

Today, Visa Inc (NYSE:V) reported earnings. The big news with Visa was that the consumer vanished in October they said. Literally, vanished. The stock is trading at $198.20, -5.62 (-2.76%). This news makes many wonder if the retail sector may be in for a very tough holiday season.

This very negative news shows the consumer has put away their wallet in the short term because of the government shut down and current economic situation. The consumer is resilient BUT can only be hammered so many times before they retreat for a longer stretch. With the government risking default and shut down again in January/February, the consumer man stay hidden.

The trade here can be had on Mastercard Inc (NYSE:MA) on the short side. This company reported earnings this morning but did not mention how sales were going in October. Considering Mastercard and Visa are almost identical, it can be assumed that things are not great for Mastercard. The stock is hovering around the flat line but will likely see weakness in the coming days and weeks because of this news. Most investors have not made the connection just yet.

Gareth Soloway
InTheMoneyStocks.com


Integrated Energy Stocks Rally, How Much Fuel Is In The Tank?

October 31, 2013

Today, leading integrated energy stocks Exxon Mobil Corporation (NYSE:XOM), and ConocoPhillips (NYSE:COP) are both trading higher after reporting earnings this morning. How much higher can these stocks trade in the near term? Well, XOM should have very strong chart resistance around the $92.00 area. This is a level where the stock staged a failed breakout attempt in late July 2013. So traders should continue to look for strong resistance around that level. Currently, XOM stock is already starting to look overbought on the daily chart, so there is a chance that the stock may not be able to trade into the $92.00 resistance level.

ConocoPhillips stock has been a major winner in 2013. The stock has climbed higher by more than $20.00 since July 2013. The uptrend is firmly intact for this stock so there is probably more upside in the tank for this stock. Traders should note that COP stock is slightly overbought, so a pullback to the $70.00 level would be an ideal support level. Any high volume decline below the $70.00 level would likely mean that institutional money is now coming out of the stock, but at this time the stock remains strong.

Nicholas Santiago
InTheMoneyStocks.com


Earnings, Asia, and Euro Unemployment In Play Today

October 31, 2013

Intra-day ConocoPhillips Level To Watch

October 30, 2013

This morning, leading energy stock ConocoPhillips (NYSE:COP) is coming under some selling pressure. COP stock is trading lower by 0.71 cents to $73.64 a share. The stock is pulling back from a new 52-week that was made just yesterday. Traders should watch for intra-day support levels around the $73.27, and $72.95 levels. Both support areas could give COP stock an intra-day bounce. Traders must make sure that they watch the pattern that is formed over the next few hours, any consolidation just above a support level could negate the strength of the support area. Once again, these are day trading levels only.

Nicholas Santiago
InTheMoneyStocks.com


The Fed Is On Tap Again

October 30, 2013