Blog

All Posts (10732)

Sort by

Transports Sink Again (NYSE:IYT) (NYSE:CSX) (NYSE:FDX) (NYSE:FRO)

Posted by Aadil on August 2, 2011 at 3:57pm
The important and highly followed transportation index is once again declining this morning. The iShares Dow Jones Transportation ETF (NYSE:IYT) is trading lower by $1.50 to $90.86 a share. The IYT has declined by over $10.00 since making a 52 week high on July 7, 2011. Many traders and investor follow the transport index very closely because this index usually represents economic growth and expansion. It is important to note that the IYT is now trading below the important 50 and 200 moving averages which puts the index in a weak technical position. The index is short term oversold at the moment. Traders can watch for some minor support around the current level.

Other leading transportation stocks that are declining this morning include FedEx Corp.(NYSE:FDX), CSX Corp.(NYSE:CSX), and Frontline LTD(NYSE:FRO). All of these stocks remain weak on the charts at this time, however, they are also very oversold in the near term. Oversold stocks will usually be candidates for short term bounces.
Read more…

Once upon a time in Libya, from Pravda

Posted by L Levin on August 2, 2011 at 1:04pm
A group of farmers whose land was barren because they did not know how to farm it properly, eyed Muammar and his farm with greed and jealousy. After all, he had enough produce in just one harvest to feed them and their villages for decades. So these farmers, whose names were Nicolas and David, call on a third, named Barack, who was more powerful and together they hatched up a demonic scheme.   http://english.pravda.ru/opinion/columnists/28-07-2011/118611-once_upon_time_libya-0/
Read more…

PUTIN CALLS THE WORLD’S LARGEST ECONOMY A “PARASITE”

Posted by L Levin on August 2, 2011 at 7:58am

“They are living like parasites off the global economy and their monopoly of the dollar.”

“Thank god,” Putin said, “that they had enough common sense and responsibility to make a balanced decision.”

“If over there (in America) there is a systemic malfunction, this will affect everyone,”

“Countries like Russia and China hold a significant part of their reserves in American securities … There should be other reserve currencies.”         http://pragcap.com/putin-calls-the-worlds-largest-economy-a-parasite

Read more…

Trade It: Panic Resumes On Markets Open (NYSE:SPY) (NASDAQ:QQQ) (NYSE:DIA)

Posted by Aadil on August 1, 2011 at 4:05pm
The markets tumbled from a massive gap higher this morning. Last night, President Obama gave the nation the news. An agreement had been reached to raise the debt ceiling and cut spending. The S&P 500 futures spiked dramatically, trading over twenty points higher. This morning, the SPDR S&P 500 ETF (NYSE:SPY) opened up over 1% higher, at $130.84. However, no sooner did it open, the markets started to collapse.

The reasons for the drop were multiple. First, the deal must be voted on and passed by the House and Senate. With no political party very happy with the overall compromise, profits were taken early by those that did not want to risk a non passage of the bill. In addition, the cuts over 10 years totaled $2.8 trillion.  This is slightly below what rating firms S&P and Moody's had asked for to keep the U.S credit rating.  This $2.8 trillion in cuts ups the possibility of a debt rating downgrade. Lastly, the ISM Index for July reported in at 50.9. This shows significant slowing and a possible new recession brewing.

These factors killed the markets. A huge gap higher quickly turned into steep losses for all the major indexes. The SPDR S&P 500 ETF (NYSE:SPY) is now trading at $128.41, -0.92 (-0.71%), the PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) is trading at $57.61, -0.39 (-0.67%) and the SPDR Dow Jones Industrial Average (NYSE:DIA) is trading at $120.54, -0.59 (-0.49%).

The moral to this story is simple. Sell the rallies. Europe is still a mess, the United States will ultimately get downgraded and the economic numbers are dismal. Should the vote pass today, the markets should see a pop. However, upside may be short lived and continue to take profits. Take the seven day free trial to the Research Center and join the hedge fund elite when getting your trades. Proprietary guidance, swing trades and more. Click here.

Related: PowerShares DB US Dollar Index Bullish (NYSE:UUP) 

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Read more…

Stock Markets Held Hostage By Washington

Posted by Aadil on July 31, 2011 at 12:35am
This was another day where the major stock indexes finished the trading session lower. The catalyst for the decline is obviously the failed debt ceiling resolution by the politicians in Washington. Traders and investors should remember that the problems in the European Union are still continuing, therefore, even if the U.S. government gets a debt deal done this weekend the stock markets are still not out of the woods. Stay tuned this story will be headline news all weekend long.

Be prepared for the fireworks next week! Our Pros will provide the expert calls, and guidance keeping you on the right side of the market.  Trade along side some of the best trader in the industry, view live charts, live trades, live money making in our Intra Day Stock Chat. Start your Free Trial NOW click here. If you are not able to trade with the Pros live during the trading session then our Research Center is the place for you to obtain the swing trades that earn big wealth like the calls of this past week. Click here and start your Free Trial now!
Read more…