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Caution On Retailers. Perry Ellis Intl. Inc. (NASDAQ:PERY), Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Posted by Aadil on February 22, 2010 at 7:00pm
By InTheMoneyStocks.com on February 22nd, 2010 1:47pm Eastern Time Retailers have had quite a run in the last two weeks. Great earnings and forecasts from the likes of Perry Ellis International, Inc. (NASDAQ:PERY) and others have propelled the whole sector quickly higher since the markets overall bottom on February 5th, 2010. As the economy appears to be back on track after the attempted 10% correction which fell just short, retailers are trying to squeeze every last penny. The Retail HOLDRs (NYSE:RTH) has moved within range of its 52 week high and stocks like Bed Bath & Beyond Inc. (NASDAQ:BBBY) and Tiffany & Co. (NYSE:TIF) have continued to gain momentum from their last fall. While all seems to be going well for retail in the eyes of Wall Street, I would caution Main Street may not be so kind. Many of these retailers are priced to perfection and pricing wars along with a still stingy consumer may keep these from moving higher. There is no debating that the bounce recently has been tremendous, however, once must look at the pattern and technicals along with the fundamentals. All of these signal a near term priced to perfection retail stock scenerio. When something is priced to perfection, generally it must continue to outperform in a greater and greater manner. That is a lose, lose proposition for any company. Any blip in the business can cause a dramatic decline. The problem for retail is that it continues to be on the cliff of not only consumer spending but its own pricing war. I caution on retail stocks and specifically look to possibly take advantage of a fall in the next month on the Retail HOLDRs (NYSE:RTH). I look for a pullback below $90.00 from the current level of $94.50. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/forex-news/

Posted by Aadil on February 22, 2010 at 6:43pm
Yen is best performing currency of the day (after NOK). CADJPY falls by more than 60 pips from the last IMT calling for declines in the pair. USDJPY hits 91.10 target, with 90.80 remaining viable, while gold demonstrates another high profile failure at 1123. Subseq target for CADJPY stand at 86.59, followed by 86.00 into the week. German Feb IFO (9:00 GMT) & US Feb consumer confidence (15:00 GMT) see calendar for more detail http://www.ashraflaidi.com/economic-calendar/
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Stock Alert: Baidu, Inc. (NASDAQ:BIDU) Runs Through Even Number $500...Sell? Google (NASDAQ:GOOG)

Posted by Aadil on February 22, 2010 at 5:25pm
By InTheMoneyStocks.com on February 22nd, 2010 12:13pm Eastern Time
About a week ago I wrote an article noting that Baidu, Inc. (NASDAQ:BIDU) was nearing the even number at $500.00. I said it would go through the $500 even number and then it may be a good shorting/puts opportunity based on an extreme oversold stock price and technical signals. Sure enough, Monday is here and Baidu, Inc. is over $500 per share.

Baidu, Inc. is based in China and is an online search engine provider. They provide search engine results in China and have recently started in Japan. The company is generally modeled after Google Inc. (NASDAQ:GOOG)

According to my analysis, Baidu, Inc. is now in a range where a pullback is extremely likely. With the unlikely pullout of Google Inc. from China, much of the premium built in the stock may not be warranted. In fact, the stock in early 2009 hit a low of $105. Today, the stock hit a new 52 week high at $509.66. As mentioned in my article last week, the stock would be a pullback candidate using shorts or puts once it breached $500.00. Today that happened.

Here is the link to the call on BIDU a week ago for it to reach $500.

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
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Stock Alert: Baidu, Inc. (NASDAQ:BIDU) Runs Through Even Number $500...Sell? Google (NASDAQ:GOOG)

Posted by Aadil on February 22, 2010 at 5:25pm
By InTheMoneyStocks.com on February 22nd, 2010 12:13pm Eastern Time About a week ago I wrote an article noting that Baidu, Inc. (NASDAQ:BIDU) was nearing the even number at $500.00. I said it would go through the $500 even number and then it may be a good shorting/puts opportunity based on an extreme oversold stock price and technical signals. Sure enough, Monday is here and Baidu, Inc. is over $500 per share. Baidu, Inc. is based in China and is an online search engine provider. They provide search engine results in China and have recently started in Japan. The company is generally modeled after Google Inc. (NASDAQ:GOOG) According to my analysis, Baidu, Inc. is now in a range where a pullback is extremely likely. With the unlikely pullout of Google Inc. from China, much of the premium built in the stock may not be warranted. In fact, the stock in early 2009 hit a low of $105. Today, the stock hit a new 52 week high at $509.66. As mentioned in my article last week, the stock would be a pullback candidate using shorts or puts once it breached $500.00. Today that happened. Here is the link to the call on BIDU a week ago for it to reach $500. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Market Update: Technical Analysis Perspective. Schlumberger Ltd. (NYSE:SLB), SPDR S&P 500 (NYSE:SPY)

Posted by Aadil on February 22, 2010 at 5:25pm
By InTheMoneyStocks.com on February 22nd, 2010 11:49am Eastern Time The markets gapped higher on the back of what the media reported as great Lowe's Companies, Inc. (NYSE:LOW) earnings. In addition, Schlumberger Limited (NYSE:SLB) buyout offer to Smith International, Inc. (NYSE:SII), according to the media gave the markets an extra push. While these news tidbits were solid and slightly bullish, an technician knows, in this market, it has no correlation. Why? Let's examine the markets! All of a sudden we see the markets lower across the board. Why are they down when the media reports all this positive news? Simply, as I said it has nothing to do with it. The SPDR S&P 500 (NYSE:SPY) is down $0.20 on the day just off the lows. PowerShares QQQ Trust, Series 1 (NASDAQ:QQQQ) are also down $0.20. The real catalyst to this markets movement is simply the dollar. The dollar ETF I follow is the PowerShares DB US Dollar Index Bullish (NYSE:UUP). It started out with a gap down. What did the markets do? They gapped higher. Then the dollar rallied back pushing the markets lower. Is it as simple as that? Actually, yes! The media just needs to report more, so they harp on news and make the common investor make mistakes by listening. I go out of my way to tell it like it is and avoid the hype! The markets are trading lower today just above the $111.00 on the SPY. Should that level be closed below and the following candle on the 10 minute close below that low, the markets have a good chance of selling sharply for the remainder of the day. At this point, with light volume, it is unlikely. Keep on an eye on the UUP. Any major move in the UUP will result in the opposite happening to the markets. The projections for today are neutral to lower. The week is expected to be choppy. Be safe and learn the technicals and avoid the hype! Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Market Commentary: Chief Market Strategist Gareth Soloway Discusses The Coming Week

Posted by Aadil on February 21, 2010 at 9:47pm
By InTheMoneyStocks.com on February 21st, 2010 4:29pm Eastern Time "As I look back towards last week, the first thing I notice is the massive move we have had off the lows on February 5th, 2010. We are now up over 6% and near term oversold. This promises to be the pivotal week for manuevering into new plays. After calling the exact top on this market in mid January, and nailing the exact bottom, I am extremely confident that 2010 will continue to be just as profitable if not even better. This market is going to be a short term swing traders heaven in 2010. I will relay all my personal swing trades through the Research Center as I always do. What I love about the Research Center is its ability to give not only winning swing trades but also the market guidance and pure technical education from my eyes. There is so much BS out there in regards to technicals, many people get discouraged or just give up. We teach the pure simple technicals that have helped us call almost every major up or down move in the market for the last 3 years since I formed this company with my partner, Chief Market Strategist Nick Santiago. Bottom line is, I have seen Research Center subscribers return hundreds of thousands of dollars in profits if not millions in short periods. It warms my heart to see this. In addition, it blows people away it is only $49.99 per month. Be ready this week. This week promises to be the most profitable of any in the last two in my opinion due to the nature of the market and my expectations. Join the Research Center now and start the profiting and learning process." Direct Quote Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Gold - February 21, 2010

Posted by The Trading Solutions on February 21, 2010 at 1:00pm
Summary
  • 022010gold1.bmpLong term outlook: Up
  • Medium Term Outlook: Down
  • Short Term Outlook: Sideways to Up
  • Revision Point: Break above 1260
  • Potential Medium Term Targets: 680 and lower
  • Preferred Strategy: Take short term positions only, till we see an end of the corrective phase..

The price action during the last week invalidated our preferred count and raised our previously alternative count to the preferred status.

With a possible wave 1 at the December 22, ’09 low (1074.90), followed by wave A.2 at the January 11, ’10 high (1161.75), wave B.2 at the February 5, ’10 low, we are now in the making of a five wave advance to complete wave C.2. As per this scenario, our target for the completion of wave 2 will be above the January 11, ’10 high at 1161 and close to the 1185 to the 1190 level, but keeping below the December 3, ’10 highs at 1126.30). However, given our current outlook, we will expect a downward move at the completion of wave 2 to make lows below the February 5’10 low.

022010gold1.bmp
As a current alternative, we have a completed wave 2 at the January 11, ’10 high (1161.75) followed by wave I.3 at the January 28, ’10 low, followed by a.II at the February 3, ’10 high (1125.10), wave b.II at the February 5, ’10 low and now forming wave c.II to complete wave II.3. As per this alternative scenario, we would expect wave c.II to terminate at around the 1137 level, from where the downward move can be expected to resume.
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You Have To Hand It To The Fed (NYSE:SPY), (NYSE:GS), (NYSE:JPM)

Posted by Aadil on February 20, 2010 at 1:08am
By Nicholas Santiago on February 19th, 2010 3:24pm Eastern Time Yesterday after the market closed the Federal Reserve Bank announced that they have raised the discount rate(short-term interest rate charged to banks that borrow directly from the central bank) by 0.25 basis points from 0.50% to 0.75%. This move by the Fed is being viewed by many as a vote of confidence by the U.S. central bank, however, I'm not so sure about that. I find it rather odd that they did it ahead of a Friday that is options expiration. Please note during options expiration a lot of games are played by the institutional money to move stocks away from the popular strike prices that the small contract trader or retail trader are betting on. Since the January 2010 pullback in the market many small traders have been buying puts in the market looking to capitalize during this expiration. Since February 5th, the market made a sharp low and has rallied higher ever since. Therefore, it is understood that the institutions needed to take care of business and keep this market above or near the 111.00 strike price on the SPDR Trust(NYSE:SPY) into the weekend. Options expiration is always a time to be very short term trader and really try not to do more than that. Many can remember back on January 22nd, 2008 when the Federal Reserve Bank lowered the discount rate by 0.75 basis points. This stunt was pulled before the open of the market on a Friday that was also options expiration. If anyone recalls when this occurred it caused a massive short squeeze and a rally for couple of weeks. These guys are very calculated and very smart. Many financial stocks are flat and holding up today. For example, Goldman Sachs Group(NYSE:GS) is positive today by 0.50 cents and J.P. Morgan Chase and Co(NYSE:JPM) is trading slightly down on the session by 0.35 cents. This is not bad behavior considering the Fed punchbowl is being taken away or at least implied that it is coming to an end. Please remember the major market moves occur as very strong forces pull and tug in different directions. One should never underestimate the power of the U.S. central bank called the Federal Reserve Bank. These guys are very calculated at all times especially like to surprise traders around options expiration. Nicholas Santiago Chief Market Strategist IntheMoneyStocks.com
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Markets Rebound From Steep Early Losses SPDR Gold Trust (Public, NYSE:GLD), (NYSE:OIL), (NYSE:UUP)

Posted by Aadil on February 19, 2010 at 6:46pm
By InTheMoneyStocks.com on February 19th, 2010 8:53am Eastern Time After a surprise hike in the discount rate to .75% by the fed, the markets have rallied back strongly. Futures overnight on the S&P 500 were down over 12 points but now just sit down 4 points. After the announcement yesterday, the SPDR S&P 500 ETF (NYSE:SPY) was below $110.00 but is now hovering prior to the markets open down just $0.36 to $110.55. The key to the comeback has been the soothing statements from various federal reserve officials and analyst, urging the markets this is not a new period in the markets where massive tightening will start. In addition, the CPI (consumer price index) was released. After the PPI came in much hotter than expected and could have helped the Federal Reserve raise the discount rate, the CPI came in cooler than expected. The CPI was announced at a gain of .2% but if you strip out food and energy, it actually dropped .1%. After the harsh PPI (producer price index yesterday), showing inflation at the producer level, the CPI has relaxed Wall Street. The Federal Reserve move has pushed the dollar higher today. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) is trading higher pre market to $23.84, up $0.19. That is also putting a little pressure on oil, iPath S&P GSCI Crude Oil Total Return (NYSE:OIL) and gold, SPDR Gold Trust (ETF) (NYSE:GLD). The presser on the markets was not only due to the Federal Reserve raising the discount rate by a quarter point, but also due to Dell Inc. (NASDAQ:DELL). Dell reported earnings that simply did not perform as well as Wall Street expected overall. The stock is being hit today. This will put a little extra pressure on technology shares today. Overall, the markets have rebounded sharply from their overnight losses. The markets look to open just slightly lower on the day at this point. Stay tuned for more updates. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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