Track Record
FB 4 (+5%) Z 9.76 (+10%) SCTY 5.25 (+11%) DD 2.65 (+4%) DVN -4.5 (-7%) TAN 4 (+12%) FEYE 4.2 (+17%) PEIX 2.2 (+23%) IBB 12 (+4%) QQQ 5.5 (+6%) SPY 9 (+5%) NTAP 2.51 (+6%) BIDU 12.54 (+6%) IYT 6.4 (+4%) SGG 2.33 (+5%) Options: MCP 0.23 (+57%) PSX -3.91 (-5%) BIDU 10 (+5%) SMH 1.82 (+4%) SYMC 1.13 (+5%) URBN 2.28 (+5%) Options: SWN 0.22 (+22%) SDRL -3.39 (-11%) CORN -3.02 (-11%) TMUS 1.23 (+4%) SWN -3.76 (-9%) SINA 0.25 (+1%) NUS 3 (+7%) CLF 1.31 (+9%) DNDN 0.22 (+16%) LUV -3.3 (-11%) CGA 0.6 (+20%) S 0.52 (+9%) X 2.45 (+6%) PHO 1.25 (+5%) FXE -2.95 (-2%) VXX 0.57 (+2%) YHOO 2.05 (+6%) DIS -6.2 (-7%) VXX 2.1 (+7%) SINA 2.4 (+4%) EWG 0.94 (+3%) BRK.B -5.1 (-4%) SPY 0.56 (+1%) Options: WFM 0.41 (+16%) EWC 1 (+3%) HIMX 0.57 (+9%) CVX 1.55 (+1%) UNG 0.07 (0%) Options: HPQ 0.3 (+34%) MMM 2.2 (+2%) FXC 0.6 (+1%) TBT -4.92 (-8%) IYT 4.3 (+2%) USO 0.62 (+1%) AXP -3.37 (-3%) CMG -77.75 (-13%) QCOM 3.55 (+4%) ORLY 3.9 (+3%) KO -1.74 (-4%) SNDK 10.65 (+10%) MA 3.42 (+5%) IBB 11.5 (+4%) CSCO 0.22 (+1%) RDY 3.36 (+8%) HDGE -0.57 (-5%) DD 2.4 (+4%) Options: CVX 0.18 (+12%) MU 0.8 (+2%) INTC -1.99 (-7%) VXX -5.5 (-15%) CLF 0.34 (+2%) FB -6.34 (-11%) TJX 0.78 (+1%) BA 4.9 (+4%) Options: IYT 0.4 (+26%) Options: DAL 1.05 (+100%) IYT -8.9 (-6%) CVX 2.2 (+2%) GE -0.48 (-2%) TWTR 2 (+6%) UNH 3.24 (+4%) TSN 2.2 (+5%) IWM 6.3 (+5%) WHR 8 (+5%) VXX -4.05 (-10%) FEYE -9.35 (-26%) CRM 2.64 (+5%) DANG 1.05 (+10%) WFM 0.51 (+1%) QCOM 4.35 (+5%) IBB 22 (+10%) NFLX 22 (+7%) SH 0.27 (+1%) IWM 5.35 (+5%) RIG 0.63 (+2%) MOS 0.77 (+2%) VXX 2.3 (+6%) NFLX 16.4 (+5%) GLD 1.75 (+1%) COG 1.07 (+2%) LNKD 17 (+11%) P 2.35 (+9%) VXX 2.2 (+5%) DDD 4.67 (+8%) FDX 2.46 (+2%) YHOO 3.6 (+9%) ADBE 2.62 (+4%) WDC -7.75 (-9%) PCLN 51 (+4%) FB 5.65 (+8%) AUY -1.34 (-13%) JJC 0.56 (+1%) SPY 1.6 (+1%) USO 0.37 (+1%) JO 3 (+8%) PCLN 42 (+3%) GILD 7.5 (+9%) PLUG 0.6 (+10%) PRGO -13.3 (-9%) VXX 2.4 (+5%) CORN 1.75 (+6%) BBBY 2.53 (+4%) TGT 0.00 (0%) HAL 0.4 (+1%) FCX 0.66 (+2%) MCP 0.32 (+7%) SINA 3 (+5%) PBR 0.56 (+5%) BA 5 (+4%) JCP -1.35 (-21%) PCLN 25 (+2%) BA 2 (+2%) ANF 2.3 (+7%) F 0.76 (+4%) AMZN 15 (+4%) VXX 3 (+7%) YHOO 2.17 (+5%) WYNN 3 (+2%) HAL 0.25 (+1%) AUY 0.6 (+7%) ROSG 0.95 (+30%) SINA -6.24 (-7%) TWTR 12 (+17%) ABIO 0.67 (+43%) CCXI 1 (+19%) TWGP 0.72 (+29%) TWTR 2.5 (+3%) NEWL 0.3 (+17%) WPRT -1.25 (-6%) ECTE 0.58 (+21%) FB 4.11 (+9%) CELG -15.66 (-10%)


Rant & Rave Blog

Markets Roll Over On GS, XOM Slight Sells. Major Support On Tap

Posted by InTheMoneyStocks.com Wednesday, July 08, 2009, 08:00PM ET

Read 178 times

Markets Roll Over On GS, XOM Slight Sells. Major Support On Tap

RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd
"TO BECOME A PRO, TRADE WITH A PRO"

Posted by InTheMoneyStocks.com Wednesday, July 08, 2009, 08:00PM ET

Read 166 times

"TO BECOME A PRO, TRADE WITH A PRO"
Chevron Corp. (CVX) Releases Earnings But Warns Refining Margins Are Ugly Going Forward. Stock Down.

Posted by InTheMoneyStocks.com Wednesday, July 08, 2009, 08:00PM ET

Read 157 times

Chevron Corp. (CVX) Releases Earnings But Warns Refining Margins Are Ugly Going Forward. Stock Down.

RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd
Fed steps up fight for independence,

Posted by InTheMoneyStocks.com Wednesday, July 08, 2009, 08:00PM ET

Read 165 times

Fed steps up fight for independence,
Vice chairman Kohn warns of potential for unintended harmful fallout


WASHINGTON (MarketWatch) -- Donald Kohn, the No. 2 official at the Federal Reserve, urged Congress on Thursday to respect the U.S. central bank's independence to conduct monetary policy.

In testimony on Capitol Hill, Kohn argued that greater oversight would hurt the economy by injecting politics into the process and unsettling financial markets.

"The insulation from short-term political pressures -- within a framework of legislated objectives and accountability and transparency -- that the Congress has established for the Federal Reserve has come to be widely emulated around the world," the Fed vice chairman said.

'Any substantial erosion of the Federal Reserve's monetary independence likely would lead to higher long-term interest rates.'

As a result of the recession and financial crisis, interest in the Fed as an institution is at a high level in Congress, where members admit being startled by the ability of the Fed to flood financial markets with cash and make loans to troubled financial institutions like American International Group.

The Fed was able to take these extraordinary actions without asking the White House or Congress for permission.

One oversight measure, to give the General Accounting Office broader authority to examine the Fed's conduct of monetary policy, has gained broad support across party lines.

Kohn strongly opposed the legislation, saying the measure would be seen as an intrusion of politics into monetary policy.

Interest rates could rise as a result and economic growth would suffer, he warned. Read Kohn's full testimony.

Rep. Ron Paul, the Texas Congressman who ran for President last year and is the author of the GAO bill denied that it would make monetary policy a political football.

"We want to know how it [monetary policy] is being done," Paul said.

Financial market participants are already worried that the Fed will not be able to stand up to the Obama administration and Congress.

With the federal government needing to borrow so much money in capital markets, the sentiment is that the Fed will be pressured to keep interest rates low, letting the inflation genie out of the bottle in the process.

Kohn said that greater congressional scrutiny of the Fed's power to set key interest rates would serve only to magnify those concerns.

"Any substantial erosion of the Federal Reserve's monetary independence likely would lead to higher long-term interest rates as investors begin to fear future inflation," Kohn said.

Some members of Congress want to give the Fed greater power to oversee institutions across the financial sector, including insurance giants, if they present "systemic risk."

Some observers think this is too much power in one institution, but Kohn sought to sound a reassuring tone, saying such fears are groundless.

"I believe that U.S. and foreign experience shows that monetary-policy independence and supervisory and regulatory authority are mutually compatible and even have beneficial synergies," he said.

Some observers say the Fed should be careful about what it wishes.

The new regulator reform plan outlined by the Obama administration "sacrifices much of the remaining independence of the Fed," said Allan Meltzer, a professor of political economy at Carnegie Mellon and an author of a three volume history of the central bank.

James Galbraith, a professor of economics at the University of Texas, told the members of Congress that they could re-write the Fed's functions as they saw fit.

"The Fed is an agency created by Congress -- a creature of Congress," he said.

Galbraith argued that there was a large conflict between the Fed's role to stabilize the economy and to enforce safety and soundness rules for banks.

Cracking down on banks "is never going to be the first priority of the agency in the run-up to a financial crisis," he said.

Meltzer said it was probably a pipe-dream to think any agency can forestall a crisis.

"Neither the Federal Reserve nor any other agency has succeeded in predicting crises or anticipating systemic failure. It is hard to do," Meltzer said.

Greg Robb is a senior reporter for MarketWatch in Washington


http://www.marketwatch.com/story/fed-steps-up-fight-to-protect-independent-status?pagenumber=1


OPEC Sees Prolonged Weakness In Demand For Oil

Posted by InTheMoneyStocks.com Tuesday, July 07, 2009, 08:00PM ET

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OPEC Sees Prolonged Weakness In Demand For OilWorld demand for oil may take years to recover from the slump in 2009 because of economic weakness and demand destruction, according to OPEC. In its 2009 World Oil Outlook they said consumption of its crude would not return to 31 million barrels per day, the level it hit in 2008 before the economic crisis cut oil use until 2013.
Oil Futures Drop Again

Posted by InTheMoneyStocks.com Tuesday, July 07, 2009, 08:00PM ET

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Oil Futures Drop AgainOil futures continued to sell on Wednesday for a third day in a row, after industry data showed stockpiles rose more than expected. Light sweet crude for August delivery fell 62 cents to $62.31 a barrel.
Mortgage Applications Rise

Posted by InTheMoneyStocks.com Tuesday, July 07, 2009, 08:00PM ET

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Mortgage Applications RiseMortgage applications filed last week rose a seasonally adjusted 10.9% from the week before. Applications to refinance jumped 15.2% for the week ended July 3rd. 30 year fixed rate mortgages averaged 5.34% last week.
Treasurys Gain Ahead Of 10 Year Note Auction

Posted by InTheMoneyStocks.com Tuesday, July 07, 2009, 08:00PM ET

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Treasurys Gain Ahead Of 10 Year Note AuctionTreasury prices advanced Wednesday, pushing 10 year yields to the lowest in seven weeks, before the government sells $19 billion in 10 year notes, the third of four major auctions this week.
Goldman Selling Though At Support While Markets Get Bid Off XOM And JPM

Posted by InTheMoneyStocks.com Tuesday, July 07, 2009, 08:00PM ET

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Goldman Selling Though At Support While Markets Get Bid Off XOM And JPM

RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd
ICE HAS MAJOR INTRA DAY SUPPORT HERE FOR A BOUNCE

Posted by InTheMoneyStocks.com Tuesday, July 07, 2009, 08:00PM ET

Read 184 times

ICE HAS MAJOR INTRA DAY SUPPORT HERE FOR A BOUNCE
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