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Today Is A Huge Day!

Posted by Aadil on February 11, 2010 at 7:49am
By InTheMoneyStocks.com on February 10th, 2010 7:18pm Eastern Time This week has been ruled by the dollar and tomorrow will be no exception. Be ready for a wild day as Europe makes a decision on Greece and their debt problems. Will they get a bail out? The answer to that is yes. The question is how much of a bailout. The next issue is which country is next. This is pure and simple a domino effect and the next country needing this is just around the bend. Will it be Portugal or Spain or someone else? The dominos are falling and it is only going to get uglier. This sovereign debt problem really first hit Iceland early in 2009 and then Dubai in November 2009. With this Greece decision looming tomorrow, be ready for action on the dollar and if the dollar is in play, the markets will be moving. In addition to the Greece news expected, watch for Jobless Claims at 8:30pm ET. I expects a slightly better number than expectations which are 475k. Watch for a number below that and maybe a slight up tick in the futures. What to watch tomorrow? The dollar is number one based off Greece. You can follow the PowerShares DB US Dollar Index Bullish (NYSE:UUP) as it tracks the dollar nicely. In addition, because the dollar is continually in play, watch gold SPDR Gold Trust (ETF) (NYSE:GLD) and oil United States Oil Fund LP (ETF) (NYSE:USO). Commodity stocks on watch for me tomorrow are United States Steel Corporation (NYSE:X) and others. Since the beginning of the year, it has been a fantastic swing trading market and day trading market. Tomorrow promises to be great too! Be ready, join the Research Center to get all the plays, guidance, calls and education. 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 10, 2010 at 10:15pm
Oil closes right at its 200-day MA of $74.34, propped by the EIAs bullish forecast, the US snow storm and reverberations from Iran telling the IAEA it will start making higher enriched uranium in earnest within days. But FX markets are locked in uncertainty as French & German diplomats say they're working on a declaration of "political" support for Greece. French officials said no agreement is reached but discussions were ongoing. Despite rising oil, USD is gaining vs. EUR, GBP and JPY but NOT against CAD, which is now eyeing 85.00 after breaching above its 61.8% retracment. USDCAD vulnerable to breaching 1.06 towards 1.0570 support.
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It's a Traders Market

Posted by Aadil on February 10, 2010 at 9:05pm
By Nicholas Santiago on February 10th, 2010 2:42pm Eastern Time Since the January high, when the SPDR S&P 500 ETF (NYSE:SPY) made a high at 115.00 the markets have pulled back sharply. At that time the Dow Jones Industrial Average which can be traded by using the Diamonds Trust, Series 1 (ETF)(NYSE:DIA) declined nearly 9 points in this ETF from January into February 5th, 2010. Since that time the indexes have bounced back slightly after staging a powerful high volume reversal on February 5th, 2010. The questions remains, is this the low of the correction, or does it have no bearing? Many traders and investors have been spoiled by easy money and massive liquidity that has helped to float the markets since March 2009. In 2009 the markets basically floated higher throughout the year with out a single ten percent correction. The Federal Reserve Bank (which is basically the title of the central bank in the U.S) has kept the Fed funds rate at or near zero percent since 2009. There have been massive amounts of other global central banks creating massive amounts of money, and flooding the system with liquidity. When you add this to the stimulus programs by the U.S. government, as well as other other governments what other result should we really expect other than a 2009 bull run? As it seems a drastic effort has been made to inflate the market back to health. To understand, and witness the truth of how they tried to inflate the market please take a look at gold, and the rally that it has had throughout 2009. The SPDR Gold Trust (NYSE:GLD) increased by nearly 50 points last year. Many other commodities such as silver, copper, iron, and steel have all soared throughout 2009 as the U.S. Dollar declined. Now we enter 2010, the markets may possibly be in the midst of the first 10 percent correction in nearly a year. This market has been called the lost decade due to the fact that the markets are negative from where they were ten years ago. The only people that seem to make money in this market are traders. It was traders that saw the bear market on the horizon in 2007. It was the traders that saw the March 2009 low. It will be the traders that make money in 2010. Nicholas Santiago, Chief Market Strategist www.InTheMoneyStocks.com
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Who Would Own These Stocks?

Posted by Aadil on February 10, 2010 at 9:01pm

By Nicholas Santiago on February 10th, 2010 3:50pm Eastern Time
On Christmas Eve 2009 the U.S. government raised the debt limit on Fannie Mae(NYSE:FNM), and Freddie Mac(NYSE:FRE). The U.S. Treasury's Christmas Eve gift to taxpayers was a removal of the $400 billion cap on potential losses for Fannie Mae and Freddie Mac as well as the limits on what the failed companies can borrow. It's nice to know this stuff goes on when most of the world is celebrating with family and friends. Why are these companies even publicly traded?

Today it is reported that Fannie Mae(NYSE:FNM) which is basically government owned and the largest buyer of U.S. home mortgages, said it would increase its purchase of delinquent loans from securities pools to cut net funding costs and preserve capital. The company will start its purchases in March and complete a significant portion within a few months, it said in a statement on Wednesday. The company also said there were about $127 billion dollars of single-family loans that are at least four months delinquent as of the end of 2009.

When the debt is mounting more and more for the U.S. Federal government who in their right minds would want to own these stocks in a portfolio. When the taxpayers are on the hook for quite a lot of money these days it just seems to get worse.
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Whipsaw Markets

Posted by Aadil on February 10, 2010 at 5:58pm
By InTheMoneyStocks.com on February 10th, 2010 12:08pm Eastern Time There is no other way to describe the last couple weeks in the market other than choppy! From a master reversal and bottoming tale on Friday was a beauty. It essentially told me we would go into a short term choppy upward direction. That is exactly what we have gotten. Monday saw a pullback or what I would call an inside day, in spirit of bullish consolidation. Tuesday the markets soared higher off of that bullish consolidation and now a choppy, quiet volume on Wednesday. The markets sold hard at 10am ET as Ben Bernanke's comments were released to the public. He had been expected to speak, however, due to the snow storm it was canceled. In his released comments, talk about future tightening finally showed itself for the first time in years. This caused the dollar to get a spike higher and the markets to drop sharply. As the 11am ET hour approached, the markets began to see a lighter volume float higher. Of course this was due to the fading dollar. Overall, volume is light on the back of a nasty snow storm hitting New York City and Wall Street.
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Markets Move Back Towards Double Top, High Of The Day

Posted by Aadil on February 10, 2010 at 5:54pm


By InTheMoneyStocks.com on February 10th, 2010 12:35pm Eastern Time
After a sharp sell off early in the day on the back of Fed Chief Ben Bernanke's comments, the markets have floated back to the highs of the day. The dollar has faded quite a bit in the process. Volume remails low as it looks to be a consolidation day off of yesterday's big move higher.
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It's All About The Benjamin's

Posted by Aadil on February 10, 2010 at 4:28pm



By TRADER X on February 10th, 2010 10:18am Eastern Time
The markets have declined this morning after comments were released by Federal Reserve Bank Chairman Ben Bernanke. Once his statement was released the U.S. Dollar index spiked higher and remains very strong. When the dollar goes up the markets go down and vice versa. Every trade is a dollar trade.
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Dollar Watch

Posted by Aadil on February 10, 2010 at 2:52pm




By TRADER X on February 10th, 2010 9:36am Eastern Time
The U.S. Dollar is starting the morning slightly higher. If the dollar declines expect the stock indexes to bounce. If the dollar rises it would be prudent to expect the market to decline. Please remember news out of Europe has been causing a lot of short term reactions in the U.S. Dollar. Recently a case can be made that much of the dollar strength is based off of a possible failure with Greece in the European Union.
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Trade Deficit Widens In December

Posted by Aadil on February 10, 2010 at 2:46pm
By ITMS News on February 10th, 2010 8:40am Eastern Time The Commerce Department reported that the U.S. trade deficit increased to $40.2 bilion in December. Analysts had expected an increase to $37.7 billion.
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/forex-news/

Posted by Aadil on February 10, 2010 at 2:45pm
Cable down a full cent after BoEs inflation reaffirms temporary nature of the recent inflation rise and confirming sub-2.0% inflation by the end of the usual 2-year forecast period. GBPUSD mayhave broken above $1.57 but FAILED the $1.5790 TREND LINE RESISTANCE, now calling for interim support $1.5570, followed by the key target of $1.5350. Any rebound (such as from EU break through) is seen limited at $1.5790s. EU Fin Mins will hold a TELEconference today at 1400GMT to discuss Greece but the main EU Summit is due tomorrow. USDCAD remains range bound between 1.0620 and 1.06 and 1.0730, while CADJPY and EURJPY are supported at 83.30 and 122.70 respectivelly.
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