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Do Your Due Diligence On Us...We Encourage it!

Posted by Aadil on February 6, 2010 at 12:42pm
By InTheMoneyStocks.com on February 5th, 2010 7:48pm Eastern Time Below, take note of some of the articles and calls made by InTheMoneyStocks Chief Market Strategists today. Each article is time stamped to verify authenticity. United States Steel Corporation (NYSE:X) Coming Into Major Support By InTheMoneyStocks.com on February 5th, 2010 11:25am Eastern Time Markets were at their lows Related Stocks: X at $42.95 Sentiment: Bullish Closing Price: X at $44.78 The Dollar Soars, Commodity Stocks Drop, I Begin To Lick My Lips! By InTheMoneyStocks.com on February 5th, 2010 12:21pm Eastern Time Markets were at their lows Related Stocks: USO at $34.74, GLD at $102.99 Sentiment: Bullish Closing Price: USO at $35.21, GLD at $104.68 Top 5: Exxon Mobil Corporation (NYSE:XOM) At The Top At Current Level By InTheMoneyStocks.com on February 5th, 2010 12:55pm Eastern Time Markets were at their lows Related Stocks: XOM at $64.14 Sentiment: Bullish READ THE ARTICLE FOR THE OTHER 4 WINNERS! Closing Price: XOM at $64.80 Does Panic Equal Buying Opportunity On United States Oil Fund LP (NYSE:USO) By InTheMoneyStocks.com on February 5th, 2010 1:47pm Eastern Time Markets were at their lows Related Stocks: USO at $34.38 Sentiment: Bullish Closing Price: USO at $35.21 InTheMoneyStocks.com's Chief Market Strategists continue to nail calls as seen above, and members of the Research Center and Intra Day Stock Chat enjoyed the profits. Join the Research Center and/or Intra Day Stock Chat Now! Do not delay and miss out on the next calls on Monday!
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Flashback Friday - EU and the Ghost of Lehman's Past

Posted by Aadil on February 5, 2010 at 10:39pm
By ITMS News on February 5th, 2010 11:09am Eastern Time By Phil at Phil’s Stock World It was September 15th, 2008 when Lehman announced they would file Chapter 11. Lehman had already lost half their value in one day on September 9th as the government failed to step in and assist them. Whether they were solvent or not became a non-issue as investors lost confidence and put a run on Lehman, making the short attacks on them a self-fulfilling prophecy. Jean Claude Trichet yesterday, was speaking up for the EU in the same way that Dick Fuld attempted to speak up for Lehman as the end was near. Fuld could not believe that people were questioning the solvency of LEH and Trichet can’t believe that people are now questioning even the continued existence of the Euro. “Trichet did not convince me,” said Stuart Thomson, who helps manage $100 billion at Ignis Asset Management in Glasgow, Scotland. “Where does he think the Greek, Spanish and Portuguese economies will be three years from now? Their austerity measures will weigh on the euro area as a whole.” As Greece tries to control a record deficit and stem a slide in its bonds, Trichet said the economy of the 16-nation euro area is solid and its budget shortfall will probably be smaller than those of the U.S. and Japan this year. The comments yesterday didn’t stop Spanish and Portuguese stocks from dropping on concern they are in a similar predicament to Greece, or the euro from tumbling to a nine-month low against the dollar. Trichet has been forced to fend off questions about the survival of the euro as investors doubt Greece’s ability to cut its deficit from 12.7 percent of gross domestic product to below the European Union’s 3 percent limit. As concern spreads to Spain and Portugal’s rising debt burdens, Trichet will try to stress the need for fiscal prudence without inflaming skepticism that it can be achieved. “Something has to happen to turn credibility around,” said Paul Mortimer-Lee, head of Market Economics at BNP Paribas in London. “The market’s just saying it’s not believable. It might have to get worse before it gets better.” Trichet said the “solidity” of the euro area “is not necessarily very well known” and its situation compares “very flatteringly with a number of other industrialized countries.” He said that according to the International Monetary Fund, in 2010 the average deficit for the entire euro region should be around 6 percent of GDP. “Can I mention what it is for other major industrialized countries,” Trichet said. “The U.S., a little bit more than 10 percent, Japan, a little more than 10 percent, and you can find out other industrialized countries that are even higher than 10 percent.” continue reading here
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The Dollar Soars, Commodity Stocks Drop, I Begin To Lick My Lips!

Posted by Aadil on February 5, 2010 at 10:37pm
By InTheMoneyStocks.com on February 5th, 2010 12:21pm Eastern Time Continued fears over sovereign debt, a possible bubble in China as they tighten lending and Europe's cratering economy have caused a major flight to safety in the U.S. Dollar, PowerShares DB US Dollar Index Bullish (NYSE:UUP). The Dollar Index is seeing a dramatic rise today again which is causing a continued collapse in oil and gold. The United States Oil Fund LP (ETF) (NYSE:USO) is in play now for a possible move higher between $34.50 and $33.75. There is major support in this range. This could be the near term flush on oil and gold we have been looking for. Often times towards the end of a move up or down you get the final push. This is recognized by massive amounts of volume and a massive intra day move in price. Today could be near term capitulation on both oil and the gold SPDR Gold Trust (ETF) (NYSE:GLD). The dollar is getting extremely short term extended at these levels. Any pullback in the dollar should result in a bounce in commodities and commodity stocks. Be ready as this market is a short term swing traders heaven. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Market Correction Or Something More?

Posted by Aadil on February 5, 2010 at 10:35pm
By Nicholas Santiago on February 5th, 2010 12:53pm Eastern Time Lets face it, the stock market is long overdue for a true correction from the 2009 bull run. The SPDR Trust (NYSE:SPY), Diamonds Trust (NYSE:DIA), and Powershares QQQ Trust (Nasdaq:QQQQ) have staged one of their best years in trading history. During 2009 the major indexes have all rallied higher by more than fifty percent into the end of the year. It is important to realize since March 2009 the stock market has not had a single ten percent pullback/correction from that time. During the recent decline from the January 2010 high the SPDR TRUST (NYSE:SPY) is down about 8 percent. In order to see a 10 percent correction the SPY would have to drop into the 103.50 level. While this is certainly possible it is unlikely to just go straight down. Please remember that markets will usually have bounces after such a huge 2009 point rally. Often many traders are accustomed to buying every dip, and this mentality does not change easily and should last a while. Therefore, it is important to remember that this environment will remain a technical traders market. The key is to know and recognize when stocks and indexes are at the best support and resistance levels. As a trader we simply just want to buy support and sell resistance. There is nothing more than that. The traders and investors that are able to do this will have a successful 2010. Nicholas Santiago Chief Market Strategist IntheMoneyStocks.com
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Commodities and inflationary stocks crushed on the stronger U.S. Dollar

Posted by Aadil on February 4, 2010 at 11:21pm


By Nicholas Santiago on February 4th, 2010 3:20pm Eastern Time
The U.S. Dollar has surged to 7 month highs today nearing 80.00 on the DXY(U.S. Dollar Index). Since March 2009 all commodity and inflationary stocks have benefited from a declining dollar. Since the dollar made a recent low in late November we have seen many commodities and inflationary stocks stage a sharp decline. Nothing has been spared in this space as oil, gold, silver, copper, steel, iron, and agriculture have all rolled over. The dollar remains the king that moves the markets right now and has for sometime.

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The Markets Have Gone To Hell But Value Still Remains!

Posted by Aadil on February 4, 2010 at 7:39pm
By InTheMoneyStocks.com on February 4th, 2010 1:45pm Eastern Time A plethora of bad news hit the markets in the last 12 hours. Sovereign debt concerns in Europe smacked European exchanges as Greece, Spain and other countries as default could be near. Even Brazil is getting pounded as it is a true global selloff. The Euro has been pounded as fear that to create growth, Europe will have to print money as fast, if not faster than the United States. This has caused the U.S Dollar to spike higher. A rising dollar kills the U.S. markets as it pushes down commodity prices which in turn kill major index commodity related stocks. Some of these stocks are Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX). They are both major components of the DOW. With only 30 stocks in the DOW, if two components with a major weighting are down quite a bit, the index itself will take a dramatic hit like today. While the sovereign debt continues to spook the global markets, here in the United States Jobless Claims were reported this morning at 8:30am ET. Initial Claims came in at 480,000 which was above expectations. The scary thing about this number is that it is slowly inching back towards the 500,000 number. In December, 2009, initial claims had fallen into the low 400,000 level and it gave the markets hope we would break into the high 300,000 claims level. Claims at that level would have signaled a Non Farm Payroll number that would most likely have turned positive for the first time in years. From Wall Streets perspective, this 480,000 Initial Claims number signals that the markets are no where near job growth and are still on a path of job losses. This is extremely bearish for a market that has rallied 70%+. Stocks across the board and getting spanked but are moving into solid double bottom support levels. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) after a $7.00 bounce in the last three days has turned lower and is nearing the 200ma again and a double bottom level. In addition, other commodity stocks are also nearing these levels. United States Steel Corporation (NYSE:X), Newmont Mining Corporation (NYSE:NEM) and others are nearing key support levels. Tomorrow the Non Farm Payrolls are coming at 8:30am ET. This will be a major event for the markets and could cause a spike higher or lower depending. Many think this number will cause a negative reaction. However, I would not be surprised if we get a bounce after expectations are been lowered in a major way today. If that number comes in flat or even slightly lower, it could cause a snap back rally. Watch for plays given out in the Research Center. Plenty to come. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Did you expect anything different?

Posted by Aadil on February 4, 2010 at 6:38pm
By Nicholas Santiago on February 4th, 2010 1:03pm Eastern Time The rally from the March 2009 lows was one of the largest rallies we have ever witnessed in stock market history. While the ninth year of a decade is usually a bullish trading year there a very few people who expected an advance over fifty percent off the lows. Many traders and investors including myself would have expected at least one 10 percent correction during that rally. As we all know that did happen. The closest that we did come to a ten percent correction in the major indexes was in June through early July 2009 when the market pulled back nearly eight percent. That was really the extent of it for the year of 2009 as far as pullbacks and corrections are concerned. Why is 2010 a completely different picture for the stock market? When the SPDR TRUST (NYSE:SPY), Power Shares QQQ(Nasdaq:QQQQ), and Diamonds trust Series 1 ETF (NYSE:DIA) found a low in March 2009 the public was in despair. People believed that the next great depression was underway. Massive liquidity was put into the market by every central bank in the world. Literally, cash poured into every toxic asset that was ever designed. Since that time the markets have responded by moving over 50 percent off their lows. Now what? Are we back to normal yet? Today the markets want to know what is next from Mr. Bernanke and company(other central banks). Like the Janet Jackson song says, “what have you done for me lately”? What is next for an encore? The general problems such as the severe housing crisis still remains, the high unemployment picture has not changed, banks have cut credit lines are still not lending or making significant loans, and spending by the consumer continues to remain near extremely low levels. While the Federal government can create tax breaks and incentive programs for hurting citizens and residents to make them feel like they are getting something, however, can that really fix the problem? Where are we now? Currently we are in the middle of a correction. If you have ever gone to a party you know the party must come to end eventually. Well, the market is telling you that the 2009 party is over for now. Yes, someone will have another party along the way. New spending programs will come up to give the markets a lift. However, someone has to pay for these parties and with the current problems the cash is limited. Therefore, while there will be rallies along the way don't expect 2010 to be anything like 2009.
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It's all about the Benjamin's

Posted by Aadil on February 4, 2010 at 2:37pm

By Nicholas Santiago on February 4th, 2010 9:08am Eastern Time The U.S. Dollar is rising to 7 month highs this morning as bad news comes out of Spain, Greece, Lithuania, and now Portugal. Remember when the dollar is higher it generally puts pressure on commodity and inflationary stocks.
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Jobless Claims On The Rise

Posted by Aadil on February 4, 2010 at 1:57pm
By ITMS News on February 4th, 2010 8:43am Eastern Time Claims for unemployment benefits rose 8,000 to 480,000 for the week ending January 30, this is the highest level since mid December. Analysts were expecting a drop to 455,000.
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/

Posted by Aadil on February 4, 2010 at 1:52pm
BoE announced no new QE but did leave the door open for new asset purchases down the lines when it said can make further purchases should the outlook warrant them. Although sterling rallied off its lows immediately after the revelation of no new QE, markets remain will likely offer limited upside near $1.5920s. Last night's IMT called $1.5820, which was hit earlier in Asia. A strong US NFP jobs report could open the door for $1.5770, especially if tomorrows UK PPI comes in strong. US jobless claims (exp 460K from 470K) and ECB press conference both due at 13:30 GMT should be in focus. It is very difficult to imagine anything positive for the euro released from the ECB. OIL FAILED yesterday at both its 55 and 100-day MAs of 77.70 and 77.30 and now looking for 75.30. 200-day MA rests at 74.10.
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