Bryan Leighton's Blog – January 2011 Archive (139)

Gasoline Flirts With New 52 Week High

The United States Gasoline Fund(NYSE:UGA) made a new high for the year today by 0.25 cents to $43.50 a share before pulling back below to $42.95. The oil crisis in Egypt is having a direct impact on the price of gasoline. As we all know by now high gasoline prices are a direct tax on the users which is practically every consumer. The chart on the UGA remains strong at this time by trading above of all the major moving averages. There is still some minor daily chart resistance around the… Continue

Added by Bryan Leighton on January 31, 2011 at 3:45pm — No Comments

USO Rockets Higher

Spot crude closed the day higher by nearly 3.00 points as the Suez Canal waterway in Egypt remains closed. This closed waterway causes the major oil ships to have to take a different route in order to deliver crude. The popular United States Oil Fund(NYSE:USO) is trading higher by $1.13 to 38.71. This is a 3.00 percent rally in the popular oil ETF. The USO will have intra-day support around the $39.00 level and a bit more around $39.25. Remember spot crude is closed for the day on the New… Continue

Added by Bryan Leighton on January 31, 2011 at 3:25pm — No Comments

Alert: Walmart Approaching Buy Level

Wal-Mart Stores, Inc. (NYSE:WMT) has fallen sharply over the last two trading days. The stock had been on a recent spike for two straight weeks. This pull back offers a solid short term swing trading long opportunity.  This level is the 20 moving average on the daily chart.  WMT should see a 1-2 day bounce off this level and be good for some gains. The 20 moving average can been seen in the chart below and is an approximate level of $55.40.

Gareth Soloway…


Added by Bryan Leighton on January 31, 2011 at 12:53pm — No Comments

Alert: Steel Plays To Watch

U.S. steel companies have been on fire over the last week, soaring on optimism and other key factors. Today, United States Steel Corporation (NYSE:X) is jumping higher again, trading at $57.21, +1.41 (+2.53%). As long as large cap steel companies stay strong, eyes must be leveled on small cap steel plays. This is a standard sympathy play which is used my many smart traders and investors. The key here is to put these small caps on watch and not pull the trigger until the large cap plays break… Continue

Added by Bryan Leighton on January 31, 2011 at 12:25pm — No Comments

Sucking : Life Pulled Out Of The Markets

After a wild, huge volume day on Friday, the markets returned to "normal".  The volatility of Friday has been sucked out, volume dry and the drama ancient history. The Middle East and Northern Africa continues to be caught up in riots and protests but the U.S. markets seem to be shrugging it off as key stocks lead the market higher and the Dollar drops.  Currently, the SPDR S&P 500 ETF (NYSE:SPY) is trading at $128.25, +0.53 (+0.41%).

It continues to be amazing to watch this… Continue

Added by Bryan Leighton on January 31, 2011 at 12:02pm — 1 Comment

China Pop Lifts Commodity Stocks

Last night, the important Shanghai Index(Chinese market) rallied higher by 1.38 percent. This type of rally in the Chinese markets will often help lift the popular commodity stocks. This morning many leading commodity stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE:FCX), Southern Copper Corp.(NYSE:SCCO), and Cliffs Natural Resources Inc.(NYSE:CLF), are all trading sharply higher.

It is also very important to note that the U.S. Dollar Index is trading sharply lower…

Added by Bryan Leighton on January 31, 2011 at 11:10am — No Comments

Major Market Mover Report

As we all have been seeing in the nightly news there has been a lot of turmoil erupting around the world as of late. Food riots began occurring about a month ago in Tunisia, and Algeria. This week massive riots and protests in Egypt erupted as the government in that country is in complete disarray. Many investors and traders are now pointing to the extremely high inflation levels in the world as the cause for all this turmoil. Many of the emerging stock markets have already… Continue

Added by Bryan Leighton on January 31, 2011 at 10:53am — No Comments

Qualcomm Under Some Pressure. Watch These Levels.

Qualcomm Inc.(NASDAQ:QCOM) is a leading tech stock in the communication equipment space. The stock is trading slightly lower this morning by 0.36 cents to $53.38 a share. The Nasdaq 100 is also under some slight pressure and this could force QCOM stock lower. The stock will have some short term intra-day support levels around the $52.45 area and more support around the $51.90 level. Both support levels could see small intra-day bounces.

Nicholas… Continue

Added by Bryan Leighton on January 31, 2011 at 10:30am — No Comments

Is The Friday Sell Off A Thing Of The Past?

This morning the major stock market indexes are all starting the session higher to begin the day. The talking heads in the media are now saying how everything is fine once again in the world with the exception of Egypt. The Asian markets traded mostly lower last night with the lone exception of the Shanghai Index which was higher by 1.38 percent. We all know the market loves to see the Chinese market higher because many economists believe the Chinese economy is the growth engine of the… Continue

Added by Bryan Leighton on January 31, 2011 at 10:17am — No Comments

Alert: Shipping Stocks Ready To Rock

Frontline Ltd. (NYSE:FRO) and Overseas Shipholding Group Inc. (NYSE:OSG) are surging today, jumping more than 5% each. Call buying noted in FRO started the move. In addition, major instability in shipping lanes associated with North Africa and the Middle East could increase shipping rates. Oil and gold are both jumping dramatically today on the fear sweeping the globe. Egypt, Tunisia and other countries are having riots of epic proportions.

The big question is, with these two… Continue

Added by Bryan Leighton on January 28, 2011 at 1:01pm — No Comments

Markets Freak Over Riots, Earnings

The Dollar soared higher today, as riots spread across the middle east and northern Africa. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) was trading up $22.49, +0.14 (+0.60%). This constant move higher throughout the day has crushed the markets. Global instability fears are driving investors to the Dollar.  In response, gold is soaring. Usually, when the Dollar rises, gold would drop. But just like investors are rushing to the Dollar for safety, the same thing for gold.  The SPDR Gold… Continue

Added by Bryan Leighton on January 28, 2011 at 12:23pm — No Comments

Apache Is Getting The Tomahawk Chop

Apache Corp.(NYSE:APA) is trading sharply lower this morning by $5.13 to $111.08 a share. The stock is coming under pressure as bad weather remains in Australia and the Egyptian riots are disrupting energy production. The stock has declined by nearly 10.0 percent in two trading days. Traders can watch for some intra-day support around the $109.50 area and much more intra-day support around the $107.75 area. Both levels could see small intra-day bounces. Please remember that the overall… Continue

Added by Bryan Leighton on January 28, 2011 at 11:02am — No Comments

Ford Gets Smoked. Watch This Level

Ford Motor Co.(NYSE:F) is declining sharply this morning by trading down by over 8.50 percent. This is one of the sharplest drops we have seen for the leading auto maker in quite a while. The stock will is now coming into some intra-day support around the $16.75 area. This is where aggressive traders can look for a bounce in the popular stock.

Nicholas Santiago…


Added by Bryan Leighton on January 28, 2011 at 10:44am — No Comments

Microsoft Stock Jumps On Early Earnings Release

Microsoft stock jumped higher on a mistaken early earnings release. The tech giant was scheduled to release after the closing bell today, however, the earnings release occurred during market hours. As we are writing this post the stock has reversed lower and is now declining sharply. There is some intra-day support around the $28.55 level.

Nicholas Santiago…


Added by Bryan Leighton on January 27, 2011 at 4:01pm — No Comments

CTXS Has Major Fade From Open

Citrix Systems Inc.(NASDAQ:CTXS) has been one of the leading tech stocks of 2010. Since December 8, 2010 the stock has been under pressure. Today CTXS started the morning sharply higher in sympathy to the positive Netflix Inc(NASDAQ:NFLX) earnings. Citrix System stock has sold off sharply today from the gap higher open. The stock will have very good intra-day support around the $64.00 and $63.50 levels. Both areas could see small intra-day bounces.…


Added by Bryan Leighton on January 27, 2011 at 3:42pm — No Comments

Do Not Scalp Until You Have Read This

If there is one thing that we here at InTheMoneyStocks have said for a long time, it is to never short a dull market. This saying is an old market adage that fits well for the current times. Nearly every single trading day the market will pullback on heavy volume and once the light volume begins or takes over, all of the major stock indexes will rally higher. Should the heavy volume come back into the market place then the market will usually decline, however, that is a very rare event… Continue

Added by Bryan Leighton on January 27, 2011 at 3:14pm — No Comments

AT&T Approaches Support Levels

AT&T Inc. (NYSE:T) is being hammered today on the back of earnings that did not meet Wall Streets expectations. The stock is trading at $27.87, -0.86 (-2.99%). While it is being hammered, there are significant support levels just below the current price that may yield a bottom. The first level is at $27.70.  This is the pivot low from January 11th, 2011 and would act as a double bottom for the stock on the daily chart. In addition, at $27.15, the stock would hit the daily 200 moving… Continue

Added by Bryan Leighton on January 27, 2011 at 1:06pm — No Comments

Economic Collapse Part II

The economy is roaring back, or so it would appear from much of the economic news being published almost every day. The stock market since the March 2009 low is up almost 100%. People feel better about the economy as the Federal Reserve has pumped trillions of Dollars into the system, inflating asset prices. As people feel richer, they spend more and spending helps the economy. The big question is, can it last?

This is a becoming a major concern for the Federal Reserve. Their massive… Continue

Added by Bryan Leighton on January 27, 2011 at 12:29pm — No Comments

Small Bank Stocks Roar On Hanmi

Hanmi Financial Corp (NASDAQ:HAFC) returned to profitability. Those headlines surged across the screen this morning. The stock jumped, soaring to $1.50, +0.33 (+28.21%). The company reported net income of $5.3 million, or 4 cents a share. This was major for a beaten down small cap financial stock and set other small cap financial firms roaring higher. Shorts in these stocks began to cover and buyers inched in. Hopes that other small cap financial firms will perform as well started growing. With… Continue

Added by Bryan Leighton on January 27, 2011 at 12:08pm — No Comments

Markets Stall At Dow 12000, Here Is Why

The markets have been hammering at Dow 12,000 now for three straight days. This is getting exciting and interesting at the same time. In the past three months, since this up leg has gone into motion, the market has never hammered on a level for so long and not broken though. The SPDR S&P 500 ETF (NYSE:SPY) are trading at $129.55, -0.12. They have fallen over the last thirty minutes as the U.S. Dollar caught a bid, the Dow Jones Industrial Average again retreating from the 12,000 level.…


Added by Bryan Leighton on January 27, 2011 at 11:51am — No Comments

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