All the charts and calculations have shown today to be the day of all days. What does this mean? The market is at a major pivot point on this Tuesday, May 15th, 2012. If the market is able to hold up, investors would experience a one to two week neutral to higher move. If the markets break lower today, down side is likely until the SPDR S&P 500 ETF (NYSEARCA:SPY) hits $129.00. As of now, the markets are squeaking out a slight gain. The SPY is trading at $134.68 +0.55 (0.41%). Today, technology is leading the upside charge with Amazon.com, Inc. (NASDAQ:AMZN) trading at $230.09, +7.16 … [Read more...]
Markets Start Higher Despite The Olive Oil Economies
May 15, 2012 By
This morning, the S&P 500 Index e-mini futures (ES-M2) are trading higher by 9.00 points to 1343.00 per contract. The catalyst for the move higher in the futures comes as the European markets are basically trading flat. Traders should continue to keep a close eye on the U.S. Dollar Index futures (DX-M2) as the major stock indexes around the world continue to trade inverse to the U.S. Dollar. Should the dollar strengthen these stock markets are likely to deflate and trade lower. On the flip side, should the U.S. Dollar Index decline leading equities such as ProShares Ultra DJ-UBS Crude Oil … [Read more...]
Is U.S. economic patriotism hurting?
May 15, 2012 By
Any Americans believing that their country is being bought up by the Chinese might want to pay heed to a new report from the Vale Columbia Center on Sustainable International Investment. It says that China is a minimal player in terms of foreign direct investment in the United States and that Washington should in fact be doing a lot more to get it to gear up its buying. To start with, look at the magic number. In 2010, the last year for which numbers are available, only 0.25 percent of FDI into the Untied States came from China. Switzerland, Britain, Japan, France, Germany, Luxembourg, … [Read more...]
Potentially…Sharply Lower
May 14, 2012 By
By Harry Boxer, The Technical Trader The stock market indices had a very strong rally after a brief dip at the opening. They tested support, and rallied sharply back, but the Nasdaq 100 reached down to 2605, and then rallied sharply up to 2643, a 38-point rally. The NDX, in the next hour and a half, had a very powerful move, and the S&P 500 jumped from 1349 to 1366 by mid-morning. They then began to pull back in an orderly fashion, but that kept going all day. At the end of the day, they reached down toward the 2615-16 zone on the NDX, and 1353 1/2 on the S&P 500. … [Read more...]
Predicting The Future Stock Market Move From The Charts
May 14, 2012 By
Watch this video now, be prepared for the markets. Then step up, do not miss the action going on in the Research Center right now…updated Daily Analysis Videos, Market Reports, detailed Hot Charts trades, No Hype Live Broadcasts twice a week and more in our Research Center! Join the Research Center for FREE now! If you are looking to trade live during market hours with the Pros, then our Intra Day Stock Chat is your domain. Step inside both for seven free, no obligation days! Like this: Be the first to like this post. This entry was posted on Monday, May 14th, 2012 at 7:13 pm and is … [Read more...]
Predicted: Facebook Hype Spreads To Zynga, Groupon
May 14, 2012 By
Last Thursday, I predicted a bounce higher in the social networking stocks like Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN). I described how these two stocks had been hammered with tons of shorts jumping on board. In addition, the Facebook IPO would create a bounce where easy money could be made. Today, this prediction has started to come true. Zynga is trading at $7.97, +0.49 (6.55%) while Groupon is trading at $11.01, +1.11 (11.20%). This was a no brainer play and easy money for anyone who followed the article. Gareth SolowayInTheMoneyStocks.com Like this: Be the first to like … [Read more...]
Bottom In The Making: Miners Reverse Off Lows Again
May 14, 2012 By
For the second time in a week, the miners have reversed off early lows. Stocks like Goldcorp Inc. (USA) (NYSE:GG), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and Yamana Gold Inc. (USA) (NYSE:AUY) are all off their lows, trying to move to the positive side in an ugly market sell off. These stock have all been hammered in recent months, trading at or near 52 week lows. This second reversal in a week speaks of a possible bottom forming in the sector. Stocks like Goldcorp could be setting up for a multi week bounce higher. Traders are taking note. Gareth … [Read more...]
The Keys To Conquering The Market This Week
May 13, 2012 By
Like this: Be the first to like this post. This entry was posted on Monday, May 14th, 2012 at 12:43 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Post navigation « Previous Post … [Read more...]
A Very Negative Reversal…and a Bad Way to End the Week
May 11, 2012 By
By Harry Boxer, The Technical Trader The stock market indices had a very strong rally after a brief dip at the opening. They tested support, and rallied sharply back, but the Nasdaq 100 reached down to 2605, and then rallied sharply up to 2643, a 38-point rally. The NDX, in the next hour and a half, had a very powerful move, and the S&P 500 jumped from 1349 to 1366 by mid-morning. They then began to pull back in an orderly fashion, but that kept going all day. At the end of the day, they reached down toward the 2615-16 zone on the NDX, and 1353 1/2 on the S&P 500. … [Read more...]
Can The Dollar Fall Enough To Save The Day?
May 11, 2012 By
Once again, the U.S. Dollar Index (DX-M2) is declining lower after the opening bell rings at the New York Stock Exchange. This happens very often when the major stock indexes are breaking lower. You see, when the dollar declines everything in the stock and commodity markets will inflate and trade higher. Just the opposite will happen when the U.S. Dollar Index rallies, the stock markets will decline and deflate lower. As you all know by now, J.P. Morgan Chase & Co (NYSE:JPM) reported a $2 billion trading loss in the highly controversial derivative market. This action caused the futures … [Read more...]