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

U.S. Mortgage Rates Jump to Highest Since December

Posted by InTheMoneyStocks.com Wednesday, June 03, 2009, 08:00PM ET

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U.S. Mortgage Rates Jump to Highest Since DecemberJune 4 (Bloomberg) -- Fixed U.S. mortgage rates jumped to the highest level this year, signaling the Federal Reserve’s plan to lower borrowing costs has stalled.

The average 30-year rate rose to 5.29 from 4.91 percent a week earlier, Freddie Mac, the McLean, Virginia-based mortgage buyer, said today in a statement. The last time the rate was higher was Dec. 11, when it was 5.47 percent. The average 15- year rate rose to 4.79 percent from 4.53 percent.

“That’s quite a jump,” said Donald Rissmiller, chief economist at New York-based Strategas Research Partners. “The more rates go up, the more we need home prices to go down to equalize consumers’ payments. It’s those payments that have brought about a level of stability in housing unit sales.”

Rising rates may deepen the U.S. housing slump and sideline consumers hoping to refinance or purchase their first house. The number of Americans signing contracts to buy previously owned homes climbed 6.7 percent in April, largely on cheaper financing costs, according to the National Association of Realtors.

This week’s rate increase translates into an additional $31.79 a month for a buyer purchasing the median-priced U.S. home of $170,200 with a 20 percent down payment.

“If people hear that rates are going up, I think they hesitate a little bit,” said Tom Burris, a mortgage banker at Supreme Lending in Dallas. “After a while the reality sets in that 5.5 is much better than 8 percent that we had ten years ago. It’s a good rate, it’s a fair rate.”

Yields Climb

Yields on the benchmark 10-year Treasury note and Fannie Mae mortgage bonds are higher than they were before the Federal Reserve said March 18 that it would buy as much as $1.25 trillion in mortgage-backed securities to help drive down borrowing costs.

The Fed’s program, along with a plan to buy as much as $300 billion in Treasury securities, helped push rates to a record low 4.78 percent twice in April.

Policymakers may be forced to increase purchases of securities if mortgage purchase applications, pending home sales and purchases of new and existing homes fade, Rissmiller said.

“They can’t want interest rates to go up a whole lot more,” Rissmiller said. “The question is, what will they do to fight the trend?”

Treasury yields are climbing as investors anticipate a greater supply of government debt being sold to fund federal spending. The yield on the 10-year Treasury was 3.54 percent yesterday, compared with 3 percent on March 17, the day before the Fed announced its plan to boost mortgage-backed bond purchases and to buy Treasuries.

Fed Effect

Yields on Washington-based Fannie Mae’s current-coupon 30- year fixed-rate mortgage bonds rose to 4.53 percent yesterday from 4.22 percent on March 17, data compiled by Bloomberg show.

The central bank’s purchases of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae brought down the yields on those securities. That allowed lenders to reduce the rates on new home loans and still sell the securities at a profit.

Fannie Mae and Freddie Mac are government-chartered mortgage companies that are being supported by $400 billion of backup taxpayer capital. The Fed has bought a net $507.1 billion of mortgage bonds so far, including $25.5 billion in the week ended May 27, according to Bloomberg data.

Mortgage applications in the U.S. fell last week as demand for home-loan refinancing slumped. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan dropped 16 percent to 658.7 in the week ended May 29. Purchase applications rose 4.3 percent while requests to refinance fell 24 percent.


To contact the reporter on this story: Brian Louis in Chicago at blouis1@bloomberg.net.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFdYSbDucSyo
Dollar Rebounds On Asian Support

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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Dollar Rebounds On Asian SupportThe dollar stopped its recent decline against the euro and other currencies, finding support on a news report that major Asian central banks are prepared to keep buying U.S. Treasurys.

ADP Employment Data Comes In At Expectations...The Real Kicker Is The Dollar Being Stronger

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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ADP Employment Data Comes In At Expectations...The Real Kicker Is The Dollar Being StrongerThe futures point to a lower open today as futures have continued to decline following the ADP Employment data.  This data was in line with expectations, basically what the market expected.  The real issue for this market is the weakness of the dollar.  That has been driving the markets higher as a weak dollar pushes up commodities and commodities are the driving backbone of this market.  This has been a beautiful re-inflation rally caused by the Federal Reserve printing money.  The printing of money causes the dollar to decrease in value and commodity prices soar.  Stocks like XOM have kept this market roaring higher.  Today, the dollar is finding some strength thus commodity prices like oil are lower.  Watch oil inventories at 10:30am ET.


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.
Economy Losses 532,000 Jobs

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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Economy Losses 532,000 JobsU.S private employers cut 532,000 jobs in May, fewer than the revised 545,000 jobs lost in April. The ADP Employer Services report had projected 520,000 jobs lost. This report is seen as a predictor of the governments monthly payroll figure.

60 Minute Chart On SPY Showing Great Support At 20MA First Hit

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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60 Minute Chart On SPY Showing Great Support At 20MA First Hit

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.
Mortgage Applications Down As Rates Rise

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

Read 284 times

Mortgage Applications Down As Rates RiseU.S mortgage applications fell last week, reflecting a decline in demand for home refinancing loans as interest rates rose to their highest levels since January. Borrowing costs on a 30 year fixed rate mortgage rose to 5.25 percent up 0.44 percent from the previous week .
Goldman Strong Off The Gap Down...But Major Levels Ahead

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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Goldman Strong Off The Gap Down...But Major Levels Ahead

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.
Market Selling Into Gap Window Support Area: $93.50

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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Market Selling Into Gap Window Support Area: $93.50

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.
THE DOLLAR SAYS IT ALL

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

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THE DOLLAR SAYS IT ALL
ISM Index Rises To 44%

Posted by InTheMoneyStocks.com Tuesday, June 02, 2009, 08:00PM ET

Read 299 times

ISM Index Rises To 44%Business worsened in May in the nonmanufacturing sectors of the U.S. economy for the eight consecutive month. The ISM Index rose to 44% from 43.7% in April. Readings under 50% indicate that most firms say business conditions worsened in May compared with April.


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