Bryan Leighton's Blog – December 2010 Archive (106)

The U.S. Consumer Just Lost a Little More Purchasing Power

Anyone that uses the U.S. Dollar as

their main currency for trade just lost a little more purchasing power

today. The U.S. Dollar Index is declining by 0.70 cents to $78.81. This

decline in the U.S. Dollar Index usually helps to inflate the stock

markets higher. That is certainly what is happening today as the SPDR

Dow Jones Industrial Average(NYSE:DIA) and the SPDR S&P 500

Trust(NYSE:SPY) erase an early gap lower open.…
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Added by Bryan Leighton on December 31, 2010 at 11:17am — No Comments

Light Holiday Volume Dominates Trading

This entire week of trading has been

done on extremely light volume. This is typical action during the week

between the Christmas and New Years holiday. Today the SPDR S&P 500

Index(NYSE:SPY) found a low at 10:00 am EST and has bounced slightly

higher since that time. It is always important to remember the old

market adage that states, 'never short a dull market'. This is as dull

as it gets and the light volume will generally favor…
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Added by Bryan Leighton on December 31, 2010 at 10:59am — No Comments

Rare Earth Stocks Look Overdone

Rare earths stocks are all the rage right now. Every trader, investor,

and financial media figure cannot stop talking about this industry

group. Where were the rare earth stocks a year ago? Every since China

mentioned that they would limit the export amount of their rare earth

metals over the weekend these stocks have soared higher and caught a ton

of media attention.



Molycorp Inc.(NYSE:MCP) is the leading stock and most talked about name

in the… Continue

Added by Bryan Leighton on December 29, 2010 at 2:16pm — No Comments

SHZ and CHGS Ripping. Watch XING For Momentum

SHZ and CHGS are both China mineral plays that have ripped the last few

days. Again today, both are up more than 15% on the day. XING has a

beautiful consolidation pattern on the daily chart and may be getting

ready to rip. This could soar if momentum comes in based on it being in

the mineral field in China.



Gareth Soloway

Chief Market Strategist

www.InTheMoneyStocks.com…





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Added by Bryan Leighton on December 29, 2010 at 10:17am — 1 Comment

Case-Shiller 20 City Home Price Index Falls Again

The Case-Shiller 20 City Home Price

Index declines again in October by 1.3 percent. All 20 of the cities

recorded monthly price declines. Economists are now expecting home

prices to decline throughout next year.



The stock market futures are still trading positive by two points ahead

of the opening bell at the New York Stock Exchange. This positive stock

market action is likely due to the weak U.S. Dollar Index this…
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Added by Bryan Leighton on December 28, 2010 at 10:03am — No Comments

Metal And Mineral Stocks Spike

More talk from China about limiting the supply of rare earth metals and

minerals hit the markets overnight. This morning, gold, silver and

almost all commodities are jumped. The SPDR Gold Trust (ETF) (NYSE:GLD)

shot sharply higher, trading at $136.83, +1.81 (+1.34%). The rare earth

metal and mineral trade is likely something that will be on and off for

years if not decades to come.  The key is going to be timing it like an

ocean wave on a surf board. In addition,… Continue

Added by Bryan Leighton on December 28, 2010 at 10:00am — No Comments

Market Moving ETF Update

The theme to this Weekly Market

Report will be Exchange Traded Funds or ETF's as they are often called

by most traders and investors. An exchange traded fund is a security

that trades just like a stock. The ETF will usually track an index or

specific sector in the market by holding a basket of individual

securities.



The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ) ended the week

slightly higher ahead of the Christmas…
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Added by Bryan Leighton on December 27, 2010 at 12:47pm — No Comments

S&P 500 Index Rises On Light Volume. Watch This Resistance Level.

The SPDR S&P 500 Trust(NYSE:SPY)

has rallied higher from a gap lower open. The trading volume is expected

to be very light today as the market usually has a holiday hangover

during the week between Christmas and the New Years holiday. There is

also a major snow storm on the east coast of the United States which

could curb traders from getting to their office. The SPY should have

short term intra-day resistance around the $125.55…
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Added by Bryan Leighton on December 27, 2010 at 12:28pm — No Comments

Markets Float Higher On Light Volume And Federal Reserve

The markets opened lower only to move higher as expected. The SPDR

S&P 500 ETF (NYSE:SPY) opened just above the 200 moving average

support.  In addition, the light volume and Federal Reserve propping

appears to be good enough to push the markets higher for a majority of

the day.  The light volume should continue until the new year. Small

caps continue to roar with micro biotechnology leading the charge. In

addition, small regional banks seem to be hot too.… Continue

Added by Bryan Leighton on December 27, 2010 at 11:05am — No Comments

China Finally Raises Rates

This weekend the Chinese central bank

called the 'Peoples Bank of China' raised interest rates by 25 basis

points. This move by the central bank was expected weeks ago as the

consumer price index was indicating high inflation for the Chinese

economy. The Chinese economy has been known to be the growth engine of

the world. Should the Chinese take further steps to cool off its hot

economy this action could effect many of the leading…
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Added by Bryan Leighton on December 27, 2010 at 10:35am — No Comments

The Dow Jones Ends Positive. What Else Did You Expect?

The final 10 minute bar on the Dow Jones Industrial Average(DJIA) surged to the positive side by the close at 4:00 pm EST on the New York Stock Exchange. The DJIA is the index

that is most followed by the public. Remember when the average Joe comes

home tonight and turns on the evening news he will feel good about the

market finishing higher. However, he will never know that the U.S.

Dollar Index had to decline in order for that to happen and…

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Added by Bryan Leighton on December 23, 2010 at 4:27pm — No Comments

VIX Spikes And Nobody Cares

The Market Volatility Index(VIX) is

trading higher today by 0.85 cents. Recently, the VIX has traded sharply

lower over the past month as the stock market has inflated higher.

Often many traders and investors will look at the VIX as a fear gauge.

Therefore, when the VIX declines it is an indication that there is very

little fear in the market place. Today is a very light volume trading

session as many traders are already in holiday…
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Added by Bryan Leighton on December 23, 2010 at 1:25pm — No Comments

The Inflation Rally Christmas Present: Gasoline At A New 52 Week High

The United States Gasoline
Fund(NYSE:UGA) reached another new high for the year today. This high
price in gasoline comes as the winter season begins and holiday driving
reaches a peak over the next week. The UGA will has some minor daily
chart resistance around the $42.00 level. Please understand that high
gasoline is a direct tax on the U.S. consumer. Thats is our gift from
the inflation rally.

Added by Bryan Leighton on December 23, 2010 at 12:10pm — No Comments

Markets Look Set For More Holiday Volume

This week the major stock market indexes have traded some of the lightest volume of the year. On Monday, the highly popular SPDR S&P 500 Trust(NYSE:SPY) traded just 119 million shares. Mondays are a notoriously light trading volume session. Usually the volume will pick up going into the rest of the week. However, the volume has not picked…
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Added by Bryan Leighton on December 23, 2010 at 11:42am — No Comments

Noble Energy Dipping. Watch These Levels.

Noble Energy Inc.(NYSE:NBL) is declining today by $1.10 to $84.08 this
morning. The decline comes despite crude oil trading over $90.00 a
barrel. The stock will have short term intra-day support around the
$84.00 area and much more support around $83.30 should the stock decline
further. Both levels could see small intra-day bounces.

Added by Bryan Leighton on December 23, 2010 at 10:24am — No Comments

Extremely Light Volume Trading Session Again

Today the major stock indexes are

trading slightly higher again as the overall trading volume remains

extremely light. As of 3:00 pm EST the highly popular SPDR S&P 500

Trust(NYSE:SPY) is trading just 52 million shares. This ETF normally

averages 179 million shares a day, therefore, you can get a real sense

of the light volume in this market. Days such as today it is always

important to remember the old market adage, "never short a…
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Added by Bryan Leighton on December 22, 2010 at 3:08pm — No Comments

MasterCard Trades Lower As Fed Rules Loom

MasterCard Incorporated (NYSE:MA) is trading lower today on the back of continued worry about rules that may drastically cut into their profits. The stock dropped from a recent high of $260.72 to its current price of $217.97. While there is some…

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Added by Bryan Leighton on December 22, 2010 at 2:15pm — No Comments

Markets Float Higher, Lead By JPMorgan

The markets are slowly advancing once again with JPMorgan Chase & Co. (NYSE:JPM) taking charge. Light volume continues to be a major culprit as well, making it extremely easy for the Federal Reserve to push the markets up. JPM is trading at $42.39, +1.39 (+3.39%). Financial stocks overall are strong today with Bank of America Corporation (NYSE:BAC) trading at $13.44, +0.47… Continue

Added by Bryan Leighton on December 22, 2010 at 1:01pm — No Comments

Large Bank Stocks Have Soared Since The Assange Arrest

This morning Bank of America

Corp.(NYSE:BAC) is surging to the upside by 0.35 cents to $13.34. The

stock has now rallied higher by 20.0 percent since November 30th, 2010

when it was rumored that a Wikileak cable was going to report negative

news for the stock. Ever since the Wikileak founder Julian Assange has

been arrested all of the large bank stocks have jumped higher.



J.P. Morgan Chase & Co.(NYSE:JPM) has traded higher by…
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Added by Bryan Leighton on December 22, 2010 at 10:48am — No Comments

Oil Over $90.00 A Barrel And Gasoline At 52 Week Highs

This morning spot crude for January

delivery is trading above $90.00 barrel. The high oil prices come as the

United States and Europe reach very cold temperatures at the start of

the winter season. Oil has a tendency to also increase in price before

the Christmas and New Years holidays. This morning the United States Oil

Fund(NYSE:USO) is trading higher by 0.19 to $38.48. The popular ETF

will have minor resistance around the $38.75…
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Added by Bryan Leighton on December 22, 2010 at 10:09am — No Comments

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