Full index of posts »
Latest Followers
StockTalks
-
Weak US Dollar, easy money = GOLD Higher $GLD
Feb 21, 2012
-
For technical traders, yesterday was a buying opportunity. For the other 99%...http://bit.ly/qmvOpq
Aug 11, 2011
-
April gold finished higher by $12.90 to close at $1,414 an ounce.
Feb 23, 2011
Latest Comments
-
thealct on Upside Coming: Inverse Head And Shoulders Triggered On AAPL Until the Volume improves 20-25MM, all bets are...
-
Rohit Thapliyal on Three Day Losing Streak? Unheard Of... IBM has marketed its enterprise solutions busi...
-
Chartist Friend from Pittsburgh on Financial Stocks Still Tell The Tale Anyone else think Morgan is the next Lehman? Th...
-
Patrick Chu on Options Expiration Week, Let The Games Begin Stocks definitely move in weird ways during exp...
-
harryjack on Cloud Stocks To The Moon Ahead Of FFIV Earnings The tide is rising
Most Commented
- Apple Continues To Yield Fruit Despite Market Decline (2 Comments)
- Volume, The Underutilized Voice Of Market Direction (1 Comment)
- Cataclysmic Event On Horizon For Markets...Either $107 Or Huge Drop Coming Based On Blast In Next... (1 Comment)
- SEMICONDUCTORS ARE STRONG TODAY, HERE IS THE REASON WHY (1 Comment)
- TRADE LESSON: LEARN THE RELATIVE STRENGTH OF A STOCK (1 Comment)
Posts by Themes
stocks,
$EWH $FXI $EWJ,
10 year,
200 moving average,
2012,
AAPL,
ADP ,
ADP Employment,
ADP Private Jobs Report,
ADR,
agriculture,
Agriculture,
ainvesting,
airlines,
AKS,
AMZN,
Apple,
ARUN,
ASCA,
Asia,
AT T,
Auto,
Automotive,
AXP,
bailout,
banks,
Banks,
Bernanke,
BIDU,
Blackberry,
BLK,
bonds,
bounce,
broadcom,
BYD,
case shiller 20 city index,
CAT,
China,
china,
citrix systems,
CLF,
coal,
Coffee,
commodities,
commodity,
construction,
copper,
Cotton,
cotton,
CPI,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
View InTheMoneyStocks.com's Instablogs on:
JPMorgan Bounce Target
JPMorgan Chase & Co. (NYSE:JPM) is surging today, trading at $34.16, +1.65 (5.06%). The stock has been under major pressure lately from billions in losses. While the stock collapsed, the key was to find the support level where it would bottom, and bounce. This level was at two key gap fills between of $32.50 and $33.25. At this level, the stock became a screaming buy. I played it personally and am enjoying some solid profits.
As the stock bounces, it is important to isolate the short term target. When looking at the chart, the first target is clearly a retrace to the gap fill from May 16th, 2012 at $35.45. The second target would be a bounce back to the 200 moving average at $36.50.
Gareth Soloway
InTheMoneyStocks.com
(click to enlarge)
Home-builders Stocks Raise The Roof
Toll Brothers Inc. (NYSE:TOL) is looking to have intra-day resistance at the $27.50 level. The stock is trading higher by 58 cents to 27.14 on the back of higher home sales.
Nicholas Santiago
InTheMoneyStocks.com
(click to enlarge)
Facebook: Retail Investors The Losers As Institutions Smile
Facebook Inc (NASDAQ:FB) is trading at $33.84, -4.39 (-11.49%). This is a classic kill the retail investor move IPO. This stock offering had the biggest retail investor participation in years if not ever. As the Facebook IPO was pumped, more and more regular investors clamored for shares. The institutions gladly obliged. The IPO opened and collapsed. As it fell, the retail investor panicked and started dumping shares at a 10% plus discount to the IPO price. This is what we have seen today. As it falls, institutions are smiling and accumulating the shares. The downside of the stock is $30.00 while the upside is $45.00. Essentially, the small investor is going to lose once again.
The small investor always loses because they use emotion to rule their trading. Institutions know this and use it to their advantage at every turn. The Facebook IPO was a classic example of the transfer of wealth. At current levels, it is my guess that Facebook heads back up within a couple weeks, back to the $38-$40 level.
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com