Bryan Leighton's Blog – July 2011 Archive (93)

Be Ready For Next Week - Here Is How

If you read the past two weekly market reports you will have noticed that we featured extended stocks and their near term resistance areas. These reports included very good stock resistance levels for pullbacks. You can view the last free Weekly Market Report here, and the previous report…

Added by Bryan Leighton on July 30, 2011 at 8:31pm — No Comments

Debt Man Walking

If the United States government raises the debt ceiling it will face problems down the road. If it does not raise the debt ceiling it will have to face some problems right now. Is there really a point in having a debt ceiling at all? Almost every administration in the past has raised the debt ceiling before. The question should be asked, is the United States at its breaking point where the country cannot absorb any more debt? The truth is that none of us really know for sure what the… Continue

Added by Bryan Leighton on July 29, 2011 at 11:07am — No Comments

U.S. Dollar Index Plummets After GDP

The U.S. Dollar Index futures (DX U1) plummeted lower after the second quarter gross domestic product(GDP) number was released. Normally, when the U.S. Dollar Index declines it will help to inflate the major stocks and commodity markets, however, today could be a different scenario. Stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE:FCX), Cliffs Natural Resources Inc.(NYSE:CLF), and Southern Copper Corp.(NYSE:SCCO) are coming under early selling pressure despite the decline in… Continue

Added by Bryan Leighton on July 29, 2011 at 10:08am — No Comments

Airline Stocks Scream Mayday

Has anyone looked at the airline sector lately? These stocks are simply falling out of the sky. This industry group has always been considered the red headed step child of stocks, however, these stocks have been decimated. The scary part about this sector is that despite the airline stocks being oversold and extended to the downside, these stocks could go a bit lower before having staging a dead cat bounce.

United Continental Holding Inc.(NYSE:UAL) is one of the leading stocks…

Added by Bryan Leighton on July 28, 2011 at 3:29pm — No Comments

Stock Market Reality: The Truth On The House Vote

The markets are holding their collective breath as they look towards the vote later in the House of Representatives. John Boehner's bill outlining budget cuts and raising the debt ceiling will be on the chopping block. This is ultimately the biggest vote the markets have seen since TARP passed in 2008. The reason why it is so big? If it fails to pass, it is likely no deal will be reached by the August 2nd deadline. Should it fail to pass this evening, the futures will likely dive three-percent… Continue

Added by Bryan Leighton on July 28, 2011 at 1:51pm — No Comments

Kill Emotion Then Profit: Stock Markets Rise

The house will be voting this evening on the John Boehner plan. There are questions on whether or not it will pass. Should it pass, the debt ceiling will be raised within days. Slight optimism is keeping this market higher today. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $131.59, +0.99 (+0.76%). Many investors were ready to jump out of the window yesteday, as fears of a default spread. Always avoid emotion and trade off logic. This was the key to buying longs yesterday and maximizing… Continue

Added by Bryan Leighton on July 28, 2011 at 12:36pm — No Comments

Too Big To Fail Keeps Markets Alive So Far

As we all know by now, the large financial institutions have lead the markets lower over the past three months. This morning, it is the large financial stocks that are trading higher on the session keeping the markets alive. When the financial stocks show intra-day strength it is very difficult to see the major stock indexes decline. Now on the flip side, if the large financial stocks begin to sell off and decline then we should all be aware that the major stock indexes could continue to… Continue

Added by Bryan Leighton on July 28, 2011 at 10:49am — No Comments

Semiconductors Hang On By A String

This morning, the semiconductor stocks are weak once again. The popular and highly followed Semiconductor Holders Trust(NYSE:SMH) is trading lower by 0.37 cents to $32.11 a share. Many traders and investors are watching the $32.00 level very closely as this level has held as support for the past five months. Should the SMH close below the $32.00 level on the daily chart it could be a very negative sign that the semiconductor index is going to trade sharply lower.

Many leading…

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

Nasdaq Gets The Pile-Driver

This afternoon, the major stock indexes are plummeting sharply lower. The catalyst for the decline is obviously the failure of Washington coming to some debt ceiling resolution. At this point, it really does not matter if the debt ceiling gets raised or not, it really comes down to knowing what the politicians are really going to do. It will help if the Republicans simply come out and say the debt ceiling will not be raised, period. This action would help to strengthen the U.S. Dollar and… Continue

Added by Bryan Leighton on July 27, 2011 at 3:56pm — No Comments

Buy These: Debt Ceiling Will Be Raised

With the markets panicking over the possible default of the United States, stocks are scary but cheap. When the debt ceiling is raised, a big rally will take place. The key is to be in positions that will reward you with big profits. Ultimately, the debt ceiling will be increased by the time August 2nd hits. The politicians will not risk their future careers by letting it go past. This means it is currently one of the greatest short term buying opportunities in the stock market.

Bank… Continue

Added by Bryan Leighton on July 27, 2011 at 1:50pm — No Comments

The Markets Control The Government...Just Watch

The government is a puppet that the markets will ultimately control. This is the truth and the markets are starting to get angry today. As the debt ceiling talks continue to drag, the markets are starting to hit back. Early in the week, no agreement was a non event as there was a full week to maneuver. The markets had two small down days, dropping half a percent on the SPDR S&P 500 ETF (NYSE:SPY). Now Wednesday has arrived and there is less than a week to a possible default and downgrade of… Continue

Added by Bryan Leighton on July 27, 2011 at 11:59am — No Comments

Commodities Stocks Melt On Stronger Dollar

The U.S. Dollar Index futures (DX U1) are trading higher this morning by 0.37 cents to $74.01 per contract. As we all know by now, when the U.S. Dollar Index trades higher the leading commodity and energy stocks will usually come under selling pressure. The opposite effect will usually happen when the U.S. Dollar Index declines.

Leading commodity stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE:FCX), Cliffs Natural Resources Inc.(NYSE:CLF), and Southern Copper…

Added by Bryan Leighton on July 27, 2011 at 11:04am — No Comments

Business Software Could Be Getting Set For Lift Off

Recently, many of the leading business software stocks have come under selling pressure. At this time many leading stocks seems to be getting dragged down as the United States debt ceiling debate has no resolution yet. Leading business software stocks such as Oracle Corp.(NASDAQ:ORCL), SAP AG(NYSE:SAP), and CA Technologies Inc.(NASDAQ:CA), and NetSuite Inc(NYSE:N) have held up well considering all of the stock market uncertainty. Yesterday, German business software giant SAP AG stock… Continue

Added by Bryan Leighton on July 27, 2011 at 10:42am — No Comments

Till Debt Do Us Part

One minute we hear that the politicians are close to a debt ceiling increase deal and then another minute we hear that they are not. The stock market only cares about certainty. This afternoon, we have seen small buy programs hit the stock market throughout the trading session only to find out it was simply a false rumor that caused the intra-day spike. This tells us that the stock market is just dying to pop higher on any debt ceiling…

Added by Bryan Leighton on July 26, 2011 at 3:30pm — No Comments

Rare Earth Plays Will Make You Rich

Rare earth stocks are soaring today, lead by Molycorp, Inc. (NYSE:MCP), trading at $64.47, +4.62 (+7.72%). This monster move higher is due to three factors. The first is the continued fear over a Chinese monopoly on rare earth, the second is due to future demand of rare metals used to create things the world will need and the final is the fact that rare earth can be looked at as a safety net like gold in a time when Europe is a mess and the U.S cannot get a budget passed. Other stocks like… Continue

Added by Bryan Leighton on July 26, 2011 at 1:09pm — No Comments

Beat Wall Street: The Guide To Becoming A Pro Trader

Wall Streets continues to hold its breath over whether or not our petty politicians will reach a debt agreement. The markets are not selling sharply as many would have assumed, mainly due to the overall belief an agreement will be reached. With the SPDR S&P 500 ETF (NYSE:SPY) trading at $133.54, -0.29 (-0.22%), I wanted to share my thoughts on helping you all up your game, becoming a pro trader.

The basic emotions that are released inside the Intra Day Stock Chat by some of the… Continue

Added by Bryan Leighton on July 26, 2011 at 12:29pm — No Comments

Where Is The Debt Ceiling Fear?

The major stock indexes have pulled back over the past three trading days as the U.S. politicians have not raised the debt ceiling yet. President Obama and Treasury Secretary Tim Geithner have called for Armageddon in the stock markets if the debt ceiling is not increased. The stock markets are telling us a different story. The major stock indexes all traded into resistance over the past few days and needed to pullback or consolidate anyway. The trading community does not seem to be too worried… Continue

Added by Bryan Leighton on July 26, 2011 at 11:11am — No Comments

Retail Stocks Look Unshaken

The retail sector is holding up pretty well despite the early stock market decline. The Retail Holders Trust(NYSE:RTH) is trading higher by 0.25 cents to $109.86 a share. Short term traders can watch for intra-day support on the RTH around the $109.75 and $109.50 levels.

Some leading retail stocks that are holding up well this morning include Home Depot Inc.(NYSE:HD), Costco Wholesale Corp.(NASDAQ:COST), and TJX Companies Inc.(NYSE:TJX). These stocks are showing good intra-day… Continue

Added by Bryan Leighton on July 26, 2011 at 10:36am — No Comments

Transports Sink

This morning, the major stock indexes are coming under some early selling pressure. While all of the leading sectors are under pressure it is the highly followed iShares Dow Jones Transportation Index (NYSE:IYT) that is trading lower by 1.87 percent. The transport index is very important to many traders and investors as it will usually represent economic growth and expansion. When the transport index declines it will generally signal economic contraction. Traders and investors must… Continue

Added by Bryan Leighton on July 26, 2011 at 10:20am — No Comments

Market Moving Tech Stocks Reporting Earnings After The Close

After the closing bell, leading internet movie rental provider Netflix Inc.(NASDAQ:NFLX) will report earnings. This stock is a market leader and will have a major effect on the Nasdaq 100 tomorrow. Shares of Netflix stock are trading higher this afternoon by $7.18 to $283.74 a share. This stock has held up well since breaking out on July 5, 2011. Whenever a leading stock reports earnings it is always a gamble as to how the stock will react after the earnings are released.

Texas… Continue

Added by Bryan Leighton on July 25, 2011 at 3:36pm — No Comments

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