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When the Federal Reserve last met, Bernanke made it clear that the central bank is not ready to make any rash decisions about monetary policy. Quantitative Easing is still on the table but only if the labor market continues to weaken and Europe's sovereign debt crisis worsens. However neither has happened over the past 2 weeks and in fact, there have been signs of stabilization.
At this point the central bank is focused on employment and Europe. For a third round of Quantitative Easing to happen, Europe would need to spiral out of control or the U.S. unemployment rate would need to rise back above 9%.
Presented by Gareth Soloway August 13, 2012 11:45AM
Google Inc (NASDAQ:GOOG) has moved solidly into its first key resistance level on the daily chart. This level was $653.00 and can be seen in the chart below. The next two major levels are $659.00 and $670.00. The double top at $670.00 is a great shorting level should it be hit. The S&P 500 is setting up for a decline and could give forth plenty of profits to those that know how to trade it.
Get swing trade alerts and proprietary trading secrets by taking the seven day free trial to the Research Center. Join the elite pros as they swing trade the markets and profit on every move.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Get swing trade alerts and proprietary trading secrets by taking the seven day free trial to the Research Center. Join the elite pros as they swing trade the markets and profit on every move.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Presented by Gareth Soloway August 13, 2012 11:24AM
Stocks are showing some weakness today after the bullish hype dominated all weekend. Last week, the markets could not sell no matter how hard they tried. Every day they opened flat or lower and moved to the positive side. This helped get the retail, amateur investor on the bullish side. Now options expiration has arrived. Now the institutions are set to take the money from the weak investors, those that let emotion and hype rule their world.
The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.23, -0.61 (-0.43%). This is rare for a light volume Monday and may be significant if the markets can end in this range. One major issue to watch will be whether or not the markets can float up later in the day and end flat.
Google Inc (NASDAQ:GOOG) Apple Inc. (NASDAQ:AAPL) are both doing their best to keep the technology sector higher. Both stocks are leading the market and doing their best to get back to their 2012 highs.
Oil is falling today which is helping lead overbought stocks like Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) lower.
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite pros as they teach their secret methodology and give swing trade alerts. Learn to trade better than any hedge fund manager and profit on every market move.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.23, -0.61 (-0.43%). This is rare for a light volume Monday and may be significant if the markets can end in this range. One major issue to watch will be whether or not the markets can float up later in the day and end flat.
Google Inc (NASDAQ:GOOG) Apple Inc. (NASDAQ:AAPL) are both doing their best to keep the technology sector higher. Both stocks are leading the market and doing their best to get back to their 2012 highs.
Oil is falling today which is helping lead overbought stocks like Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) lower.
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite pros as they teach their secret methodology and give swing trade alerts. Learn to trade better than any hedge fund manager and profit on every market move.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
