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Airline Stocks Are Flying High

Posted by Aadil on February 12, 2010 at 8:06pm

By TRADER X on February 12th, 2010 2:59pm Eastern Time
Most of the Airline sector is trading sharply higher today as oil pulled back and closed lower for the day. AMR has good intraday resistance around the 9.00 area.
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Absolutely Amazing Market Whipsaw

Posted by Aadil on February 12, 2010 at 8:01pm

By InTheMoneyStocks.com on February 12th, 2010 1:35pm Eastern Time
The markets have been insane for weeks now....today is no different. Down, up, down...it is just the start. Truly shaking the weak hands out of this market as only smart traders will survive. Learn to do it, join the Research Center.
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/forex-news/

Posted by Aadil on February 12, 2010 at 6:00pm
Our WARNING YESTERDAY about a Chinese tightening to possibly occur as EARLY AS today http://bit.ly/bIDfca following those stronger than expected new bank loasn figures. Most pundits spoke about softer than expected CPI dissuading PBOC from tightening but we focused on the Loans Data. We also broke the Chinese tightening (and implications for markets) on Twitter 20 seconds after it broke on teh wires and about 2 minutes before the TV channels reported. If you do not follow us on http://twitter.com/alaidi you may be losing an egde.
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Gap Fill Stalls Markets For Now... (NYSE:SPY), (NYSE:DIA), (NASDAQ:QQQQ)

Posted by Aadil on February 12, 2010 at 5:56pm
By InTheMoneyStocks.com on February 12th, 2010 12:52pm Eastern Time The markets are showing an amazing amount of resiliency today. At noon they are just slightly lower after a sharp gap down was triggered by strength in the dollar after China announced they would be upping reserve requirements for banks. This essentially means China is trying to dampen growth to avoid a bubble. The fear that initially struck the U.S and global markets was due to a slowing China unltimately means a slowing global recover. This causes a rush to safety in the U.S Dollar and puts pressure on commodities like oil. While this was the initial reaction, the dollar has faded nicely and the markets have roared higher going all the way to gap fill. Note the chart below. The volatility of the markets continue to keep Wall Street and the world on its toes. The Diamonds Trust, Series 1(NYSE:DIA) hit a low this morning of $99.99 and has soared back, just recently hitting a high of $101.34. Much the same, the SPDR S&P 500 ETF (NYSE:SPY) which went to gap fill resistance around $108.00 from a low this morning of $106.51. Technology seems to be strongest today with the PowerShares QQQ Trust, Series 1 (NASDAQ:QQQQ) hitting yesterday's highs of $43.80 for a classic double top resistance point. That double top seems to coincide with the gap fill on the SPY. So far the gap fill on the SPY and the double top on the QQQQ are holding up nicely. As we trade this market into the afternoon, watch the dollar closely. Any move in the dollar will have the opposite impact on the markets. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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The Markets From The Eye Of A Trader (NYSE:SPY), (NASDAQ:STLD), (NASDAQ:QCOM), (NASDAQ:RIMM)

Posted by Aadil on February 12, 2010 at 5:51pm
By InTheMoneyStocks.com on February 12th, 2010 11:46am Eastern Time Ever since the reversal, short term bottoming signal on February 5th, 2010, the markets have traded in a wild manner. The bottoming tail on that day told me to look to go long but with the utmost care. Anytime you have a day where the markets flush out on heavy volume, and then reverse to close higher, it is a good bet there will be a short term reversal. The SPDR S&P 500 ETF (NYSE:SPY) hit a low that day of $104.58 and ended up closing all the way up at $106.66. The volume was the highest of any day since the March 2009 lows in the market. Funny yet scary how the close of on Friday February 5th, 2010 had 666 ($106.66) while the low from March, which just so happened to be around the same volume, was 666 on the S&P 500. In any case, while I expected this short term reversal, the markets still remained in a precarious place. Global debt and growth worries, China raising capital requirements for banks and currency worries, wildness. This alerted me to be extremely short term on any swing trades I took while using break even stops on all positions once they were in the money. Since that great reversal a week ago, the markets have done exactly what one would have expected. We have chopped up and down wildly, today being no exception with a general short term trend of higher. After a huge rally yesterday, China announced they would be raising their capital requirements for their banks. This immediately put pressure on the futures. The dollar started to jump as well. Anything that is not viewed as a positive for any country outside the United States will strengthen the dollar. This in turn puts pressure on the markets. I continue to expect further choppy upside trading in the coming one to two weeks. After this, I will be very careful as the markets may move sharply lower. Short term swing trades will continue to be the answer to profiting in this market. The technical levels dictate the entries. As I mentioned, the markets are selling again today after the big rally yesterday. At this point of the day we have negated all of yesterdays move. Stocks that continue to outperform are United States Steel Corporation (NYSE:X) and other commodity steel plays like Steel Dynamics, Inc. (NASDAQ:STLD). These stocks have been hammered in recent weeks more so than other plays. It appears as if they are getting some continued short covering and upward momentum. The two technology stocks that are rallying higher today on an overall weak session are Qualcomm, Inc. (NASDAQ:QCOM) and Research In Motion Limited (NASDAQ:RIMM). While most technology stocks are lower today, these two are higher. Research In Motion appears to have a clear path to gap window on the daily chart at $71.50. Once that price hits, there will be some resistance. It it breaks, the gap could be filled all thew ay to $83.00. Considering this market and the weakness, I would not hold my breath in the short term for that gap to be filled. Qualcomm Inc. has continued its upward move following yesterdays buy signal I wrote about when it hit $37.00. On the charts this is an unbelievable level of support and sure enough the stock continues to rip higher off that level. Since the hit of $37.00 yesterday, Qualcomm Inc. has gone to a high of $38.68. This move is probably coming to a short term end now. Consolidation is needed. Remember folks, this market is not a forgiving market right now. Never chase! Once a stock bounces, the entry is missed. Learn the technical levels, they work. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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USO And The Commodity Sector Are Under Pressure

Posted by Aadil on February 12, 2010 at 4:13pm

By TRADER X on February 12th, 2010 10:07am Eastern Time
The USO is trading lower today as the dollar traded sharply higher. There will be intraday support for the USO at 35.50. However, keep an eye on the U.S. Dollar as the dollar and commodities will usually trade inverse to each other.
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Markets Are Down Early.Will The "Friday Effect" Kick in?

Posted by Aadil on February 12, 2010 at 4:00pm
By Nicholas Santiago on February 12th, 2010 10:39am Eastern Time
Throughout 2009 a case can be made that the major indexes rarely sold off sharply on Fridays. One can speculate that the institutional money that can move markets usually does not want to scare the Asian markets over the weekend. Today the markets are down sharply on the back of the stronger U.S. Dollar after China increased their bank requirements by 0.50 percent. When you combine this with the problems in the European Union, presto we see a stronger U.S. Dollar.

By now we all know the stronger U.S. Dollar puts pressure on commodities and inflationary stocks. The declining dollar was the catalyst for the 2009 stock market rally that traded higher by more than 50 percent in just 10 months. As we say everyday since March 2009 stock market low “every trade is a dollar trade.”

Today is interesting, there are a couple of stocks that should remain on watch due to fact that they are showing good relative strength intra-day. The first stock that is showing good intra day relative strength is United States Steel Corporation (NYSE:X). The stock is positive on a negative trading day and may run if the dollar declines further. The other stock is Potash Corp./Saskatchewan (NYSE:POT). This stock is negative today by 0.91 cents intra-day. Considering the bloodbath in the market today this could run higher if the dollar declines. Last but not least is Research In Motion Limited (Nasdaq:RIMM). This stock is higher by 1.30 at the moment when the market is negative showing good daily strength.

If the markets catch a bid on the possible "Friday Effect," these stocks look to benefit. Continue to use caution as the month of February is filled with uncertainty. Please remember the U.S. Dollar is the controlling force that moves these markets.

Nicholas Santiago
Chief Market Strategist
IntheMoneyStocks.com
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Todd Harrison: Expect More Volatility as Market Faces "Reality Check"

Posted by Sabre TT on February 12, 2010 at 2:00am
Video: http://finance.yahoo.com/tech-ticker/article/422658/Todd-Harrison%3A-Expect-More-Volatility-as-Market-Faces-%22Reality-Check%22
His argument on long term perspective is we do not just bounce up from here as might seem possible


Vix does not reflect a major move, in fact we have not exceeded November or July for corrective moves or true shake ups to trend


z?s=%5EVIX&t=2y&q=l&l=on&z=l&p=s&a=v&p=s


img12659402685784029706.gif





http://finance.yahoo.com/tech-ticker/beware-%22unintended-consequence%22-of-gifts-for-greece-todd-harrison-says-422558.html?tickers=XLF,AIG,JPM,EUO,UUP,GLD,VGK
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Dollar Falls Sharply Causing A Wall Street Rally PowerShares DB US Dollar Index Bullish (NYSE:UUP)

Posted by Aadil on February 11, 2010 at 11:43pm
By InTheMoneyStocks.com on February 11th, 2010 12:43pm Eastern Time It has been done. The word came rumbling through Europe this morning that Greece will be bailed out. This news may not seem significant but it is major in the big picture. If you bail out one country, you will bail out all countries. Just think of it in terms of financial institutions. The U.S. bailed out one, the first, then by accident let Lehman Bro fail. Oooops! Then bailed out everyone. This sets a significant new pattern in motion in Europe. Now each country, whether it is Italy, Portugal, Spain or others will be bailed out. This means the printing of money will start and continue. These problems are essentially why the U.S dollar has soared in the last two months since the news of Greece first being in trouble began. The market has an amazing way of knowing what will happen far earlier than Wall Street and the world. As the bailout announcement was made today, the dollar PowerShares DB US Dollar Index Bullish (NYSE:UUP) spiked higher but it was short lived. As I stated before, this had already been priced in with the last two month rise in the dollar. Shortly after the pop, the dollar fell off a cliff. The dollar falling is the prayers of Wall Street being answered. Off to the races the market has gone. The markets are holding a solid rally at this point. Why does the dollar dropping mean Wall Street rallies? Simply due to commodities. When the dollar moves lower, commodities must compensate by moving higher. In addition, when commodities rise, stocks that make up the major indexes like the DOW and S&P 500 move higher. This pushes those indexes up and causes the rally. Not only are commodities rallying today on the dollar inching back down off the pop, but they are also going higher due to the Greece bailout. Why? Because a bailout means money flow and a near term avoidance of disaster which would put pressure on commodity demand. Therefore, not only do you have stimulus money flowing into Europe, but also an avoidance of a collapse of Greece which would hurt the global demand for oil and other commodities. Learn the markets folks, it is the key to making money! Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Greece Today. Who's Tomorrow?

Posted by Aadil on February 11, 2010 at 11:42pm
By Nicholas Santiago on February 11th, 2010 12:53pm Eastern Time The word out of Europe today is that Greece will be taken care of. The Euro leaders basically said that they will be increasing the monitoring of Greece's finances. Who really knows what that means? They also stated that Greece has not requested direct aid. In any case the U.S. Dollar declined from the news as the Euro currency gained off it's lows. Once the dollar declined the U.S. markets all shot up higher. This caused the inflation trade to be back on for most commodities and inflationary stocks today. Some commodity ETF's that are benefiting from the intra-day dollar pullback are the SPDR Gold Shares (NYSE:GLD) which are trading higher by nearly 2.00 points today. The IPath Dow Jones UBS Copper Subin (NYSE:JJC) is an ETF that tracks copper and is trading higher by nearly 2.00 points as well. The U.S. Dollar can be played for long trades in the U.S. markets by using the Powershares DB US Dollar Index (NYSE:UUP). If one wants to short the dollar and play the possible downside the Powershares DB US Dollar Index (NYSE:UDN) can be used. The Currencyshares Euro Trust (NYSE:FXE) can be used for traders and investors that want to play the Euro long. Since March 2009 the catalyst for a rising stock market has been the falling U.S. Dollar. Nothing has changed since then. Simply put every trade is a dollar trade. Therefore, when the dollar is higher the markets decline. When the dollar is lower the opposite effect occurs and the market rises. Keep an eye on the dollar regardless of what you happen to be trading.
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/forex-news/

Posted by Aadil on February 11, 2010 at 4:05pm
EURUSD fails to make decisive break above $1.38 as EU says will reach agreement on Greece but lacks in details. EURUSD interim support stands at $1.3630. EU TIMETABLE: Post-EU Summit conference is expected at approx 15:30 GMT (according to MNI) for main EU presidency briefing, followed by the individual EU Fin Mins about an 1hr later. More detailed discussions on Greece will take place on Feb 15. GBPUSD once again fails near $1.5650s looking to retest $1.5560-70. CADJPY supported at 84.30, while AUD & NZD remain the better performers against JPY. AUD remains capped at 0.8950s (previous support), with subsequent barrier at the 50-day MA of 0.9020.
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