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

GASOLINE ETF (UGA) HOLDING STEADY BEFORE HOLIDAY WEEKEND

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 238 times

GASOLINE ETF (UGA) HOLDING STEADY BEFORE HOLIDAY WEEKEND
10 Year Treasury Yields Reach 7 Month Highs

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 255 times

10 Year Treasury Yields Reach 7 Month HighsTreasury prices declined pushing yields on the benchmark 10 year note to its highest level since November. Ten year note yields rose 3 basis points to 3.40%. It touched 3.43% the highest November 18th before pulling back.
Want To Know Where, Why and How The Market Topped In The Morning? Read The Charts!

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 190 times

Want To Know Where, Why and How The Market Topped In The Morning? Read The Charts!Note the amazing trend line form the two pivot highs on Wednesday and how it connects perfectly to the morning high in the market. Easy shorting opportunity.


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.
Gasoline Prices Higher Before Holiday

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

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Gasoline Prices Higher Before HolidayGasoline prices continued to rise Friday just ahead of the Memorial Day weekend the unoffical start of the summer driving season. The national average price at the pump rose 3 cents overnight to $2.391 a gallon
Market Technical Guidance Video - Light Holiday Volume Keeps Markets Higher

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 237 times

Market Technical Guidance Video - Light Holiday Volume Keeps Markets Higher

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 Dead And Staying Afloat With Light Volume

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 205 times

Market Dead And Staying Afloat With Light VolumeThe markets continue to trade sideways as holiday light volume have taken control.  Things remain slightly higher headed by Goldman Sachs, Exxon Mobile.  The markets sentiment continues to be overall bullish even though the dollar is getting crushed.  The dollar getting hit continues to be a major concern for us at InTheMoneyStocks.com.  The CATCH 22 is in play.  If the dollar falls, markets cannot stay afloat even though oil and commodities will rise.  If the dollar rises, the markets may sell on oil and commodities.  The next two weeks will be extremely interesting.


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.
Crude Oil Rises

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

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Crude Oil RisesCrude oil futures rose Friday extending their weekly gains to more than 8% as the U.S. dollar fell to the lowest level against the euro in almost five months. Crude for July delivery rose 58 cents to $61.63 a barrel.

Obama Signs Credit Card Reform Bill

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

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Obama Signs Credit Card Reform BillPresident Obama signed into law the credit card reform bill. The bill will change the market by restricting when and how a credit card company can raise interst rates, who can recieve a card and how much time people are given to pay their bill.
Nice Sell-Off Into The Close Of Trading. The Holiday Weekend Starts. Watch The Key Levels Next Week!

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 218 times

Nice Sell-Off Into The Close Of Trading. The Holiday Weekend Starts. Watch The Key Levels Next Week!

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.
Another bubble in the making?

Posted by InTheMoneyStocks.com Thursday, May 21, 2009, 08:00PM ET

Read 209 times

Another bubble in the making?
The market has staged a very impressive rally since the March 6th low. At that time the S&P bottomed at 666 and is now around 900. This massive rally has occurred in just two and a half months. Some talking heads in the media are now saying that this is the start of the next bull market. Many call a move of 20% or more a bull market and perhaps by that definition they are correct. However, the decline seen last year should then be called a 'mega bear' as the S&P went from 1576 to 666 in just 18 months.

Some market technicians like myself, that follow cycles, were looking for a rally in the market in the month of March. It is very common to see major reversals or turning points in the months of March and October. Even last March (2008), as Bear Stearns collapsed it was the buying opportunity of a lifetime. The S&P bottomed at 1256 and rallied into May 19th, hitting a high of 1440. This current rally has been much greater in price and about average in time. The difference with this rally is that this market has not had much of a pullback off this meteoric rise. What is making this rally so much different from last year? Obviously stimulus and government intervention.

In 2001, the Federal Reserve lowered rates to 1% as the market was in a deep bear market from the tech bubble and the 911 tragedy. This sparked a housing boom that created countless jobs. The jobs created were in construction, banking, real estate sales, home flipping, and even trickled down to the local sandwich shop. This also spurred the home owners to use there home equity like an endless ATM machine. The bubble created was most likely the biggest created in over 100 years. The bust now is mirroring the Great Depression.

Many traders know that the markets are ruled by emotion. The late Jesse Livermore used to say that there are four main emotions that control the markets. They are fear, greed, hope, and ignorance. In October 2007 when the market was at its all time high, it is safe that we saw a lot of greed and a lot of ignorance. In 2008 we did see a whole lot of fear as the markets fell off a cliff. Fear is the strongest of all the human emotions and that is why markets drop so quickly as opposed to moving higher. Then, there is the emotion of hope. Could this market now be in hope mode?

The Fed has lowered the fed funds rate to 0-1%. They are also buying almost a trillion dollars worth of mortgage backed securities. Working with FRB, the U.S. Treasury has created the Toxic Asset Relief Program (TARP). The accounting rules such as 'mark to market' accounting have been changed giving the banks profitable earnings instead of massive losses. The SEC has changed many rules regarding short selling and regulation. All of this and more has been done giving the markets hope. Hope has stocks up huge since the lows in March.

In 1930, during the Great Depression, many similar rules and efforts took place as well. At that time, the market bounced for six months off the lows retracing about 50% of the total fall made from the 1929 high. However, soon after, the market collapsed again. It made new lows and did not bottom until mid 1932. The irony is back then, the Republican party was completely swept out of office as is the case this time around. Can the U.S. re-inflate the markets or just create another commodity bubble? Are the job losses going to stop? Will new jobs emerge to replace the lost ones? Will it be different this time around? These are questions that still need to be answered. As for now there is just hope. My bet is with history.


Source: Nicholas Santiago
www.InTheMoneyStocks.com
The Leader In Market Technical Guidance
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