July crude finished higher by 67 cents at $98.44 a barrel.
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Watch this video as our Chief Market Strategist analyzes the current market environment and what the Pros are trading now. Join the Elite InTheMoneyStocks services; the Research Center,where swing traders & investors profit from the multiple day moves in the markets. Or our live trading room, the Intra Day Stock Chat, where the Pros trade the markets live everyday... get their expert market calls and analysis now, start with both services for 7 FREE DAYS here
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The markets continue to roar higher with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) trading at $165.60, +1.10 (0.67%). This is the second solid up day in a row, both coming prior the FOMC Policy Statement tomorrow. While the markets are charging higher into this major event, financial stocks have stalled and are flat to negative. Goldman Sachs Group Inc (NYSE:GS) is trading at $163.65, -0.46 (-0.28%) while JPMorgan Chase & Co. (NYSE:JPM) is trading at $53.89, +0.04 (0.07%).
Does weakness in the financial stocks signal FOMC policy disappointment? Maybe a stalling to QE? This monster rally up into the meeting with the financial stocks lagging does suggest this thesis and puts intelligent traders on high alert.
The key here is to understand that the financial stocks are directly correlated to the quantitative easing (money printing) that the Federal Reserve has been doing. In other words, they would be the most directly influenced by any slight change in monetary policy. Therefore, their weak trading could be a signal.
Take the seven day free trial to the Research Center. Get swing trade alerts that have racked up over 200% gains this year. Get daily videos with major cycle calls and market reports that boast the top pivot points on gold, oil, currencies and rates. Join today and profit for life.
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www.InTheMoneyStocks.com
Does weakness in the financial stocks signal FOMC policy disappointment? Maybe a stalling to QE? This monster rally up into the meeting with the financial stocks lagging does suggest this thesis and puts intelligent traders on high alert.
The key here is to understand that the financial stocks are directly correlated to the quantitative easing (money printing) that the Federal Reserve has been doing. In other words, they would be the most directly influenced by any slight change in monetary policy. Therefore, their weak trading could be a signal.
Take the seven day free trial to the Research Center. Get swing trade alerts that have racked up over 200% gains this year. Get daily videos with major cycle calls and market reports that boast the top pivot points on gold, oil, currencies and rates. Join today and profit for life.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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As the old saying goes, currencies make the world go around. Well, many gold traders and investor should take note that spot gold is trading inversely to the USD/JPY. When the USD/JPY chart declines the price of gold will increase and trade higher. Traders can easily look at a chart of both the SPDR Gold Trust (NYSEARCA:GLD) and the USD/JPY to see how these two equities will trade opposite of each other.
In the past, the GLD would normally trade inversely to the actual U.S. Dollar Index (DX U3), however that relationship is no longer intact. This is why it is so important to watch and follow all of the different currency pairs in the marketplace. Today, the USD/JPY is trading higher by 0.88 cents to $95.64. While this move in the USD/JPY may not seem like a big move it is and it moves markets. Traders can easily see the decline in the GLD and most other gold related equities. Some other gold stocks that are falling today include the Market Vectors Gold Miners ETF (NYSEARCA:GDX), and the Deutsche Bank AG DB Gold Double Long ETN (NYSEARCA:DGP). Should the USD/JPY pullback or decline that is when spot gold is likely to trade off of the lows.
Join us live as we guide members to returns of over 200+ (as seen here in our track record of swing trading calls in 2013) in our Research Center. Step inside this service for free with our no obligation 7 day free trial. Enter the Elite and let the results speak.
Nicholas Santiago
www.InTheMoneyStocks.com
Post by: Nick Santiago
In the past, the GLD would normally trade inversely to the actual U.S. Dollar Index (DX U3), however that relationship is no longer intact. This is why it is so important to watch and follow all of the different currency pairs in the marketplace. Today, the USD/JPY is trading higher by 0.88 cents to $95.64. While this move in the USD/JPY may not seem like a big move it is and it moves markets. Traders can easily see the decline in the GLD and most other gold related equities. Some other gold stocks that are falling today include the Market Vectors Gold Miners ETF (NYSEARCA:GDX), and the Deutsche Bank AG DB Gold Double Long ETN (NYSEARCA:DGP). Should the USD/JPY pullback or decline that is when spot gold is likely to trade off of the lows.
Join us live as we guide members to returns of over 200+ (as seen here in our track record of swing trading calls in 2013) in our Research Center. Step inside this service for free with our no obligation 7 day free trial. Enter the Elite and let the results speak.
Nicholas Santiago
www.InTheMoneyStocks.com
Post by: Nick Santiago
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This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 2.75 points to 1636.50 per contract. Many traders and investors seem to be on pause mode ahead of the highly anticipated FOMC announcement tomorrow afternoon. Tomorrow, the Federal Reserve will make a statement regarding U.S. economic policy. In other words, will the Federal Reserve begin to cut its current QE-3 program? Currently, the Federal Reserve has held the fed funds rate at zero to a quarter percent since December 2008. The central bank is also buying $85 billion a month worth of mortgage backed securities and U.S. Treasuries. Should the money printing stop it could affect the bullish activity in stocks.
Any hint of a taper in QE-3 could cause higher yields in the 10 and 30-year U.S. Treasury Notes. This would affect many of the interest rate sensitive equities such as the Utilities Select Sector SPDR (NYSEARCA:XLU), iShares Dow Jones US Real Estate (NYSEARCA:IYR), and the iShares Dow Jones US Home Construction (NYSEARCA:ITB).
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The time to take ownership of your trading results is now! Right now the market is presenting us with great trading opportunities. However, if you are not arming yourself with the proper weapons, then you will remain the average trader/investor, get shot down and worst of all, lose money!
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This Friday is going to be options expiration for the month of June. It is also a quadruple witching expiration which occurs four times a year on the third Friday of March, June, September and December. This is a time when stock index futures, stock index options, stock options and single stock futures will expire.
It is safe to say this is a period when the major stock indexes could be very volatile. Traders and investors should expect lots of rumors to be announced out of the blue. Just today, there is a rumor being reported that the Federal Reserve will begin to taper there current $85 billion a month QE-3 program. This is also a time when many leading stocks will be part of a rumor. Do not be surprised if you hear or read about a ridiculous upgrade or downgrade in many of the popular stocks. This unusual activity happens every quarter before quadruple witching expiration.
Some of the leading stocks that are usually very volatile during options expiration week include First Solar Inc (NASDAQ:FSLR), Green Mountain Coffee Roasters Inc (NASDAQ:GMCR), Netflix Inc (NASDAQ:NFLX), Priceline.com Inc (NASDAQ:PCLN), and many others. This is a trading week when traders and investors should expect the unexpected into the closing bell on Friday.
Join us live as we guide members to returns of over 200+ (as seen here in our track record of swing trading calls in 2013) in our Research Center. Step inside this service for free with our no obligation 7 day free trial. Enter the Elite and let the results speak.
Nicholas Santiago
www.InTheMoneyStocks.com
Post by: Nick Santiago
It is safe to say this is a period when the major stock indexes could be very volatile. Traders and investors should expect lots of rumors to be announced out of the blue. Just today, there is a rumor being reported that the Federal Reserve will begin to taper there current $85 billion a month QE-3 program. This is also a time when many leading stocks will be part of a rumor. Do not be surprised if you hear or read about a ridiculous upgrade or downgrade in many of the popular stocks. This unusual activity happens every quarter before quadruple witching expiration.
Some of the leading stocks that are usually very volatile during options expiration week include First Solar Inc (NASDAQ:FSLR), Green Mountain Coffee Roasters Inc (NASDAQ:GMCR), Netflix Inc (NASDAQ:NFLX), Priceline.com Inc (NASDAQ:PCLN), and many others. This is a trading week when traders and investors should expect the unexpected into the closing bell on Friday.
Join us live as we guide members to returns of over 200+ (as seen here in our track record of swing trading calls in 2013) in our Research Center. Step inside this service for free with our no obligation 7 day free trial. Enter the Elite and let the results speak.
Nicholas Santiago
www.InTheMoneyStocks.com
Post by: Nick Santiago
Published in
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Watch this video as our Chief Market Strategist analyzes the current market environment and what the Pros are trading now. Join the Elite InTheMoneyStocks services; the Research Center,where swing traders & investors profit from the multiple day moves in the markets. Or our live trading room, the Intra Day Stock Chat, where the Pros trade the markets live everyday... get their expert market calls and analysis now, start with both services for 7 FREE DAYS here
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July crude finished lower by 8 cents to $97.77 a barrel.
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Shipping stocks, one of the few sectors still near/at their 52 week lows are on the move in dramatic fashion. The smallest of the group are getting the biggest move. FreeSeas Inc. (NASDAQ:FREE) is trading at $0.580, +0.215 (58.81%) while NewLead Holdings Ltd (NASDAQ:NEWL) is trading at $0.188, +0.048 (34.00%).
This is a classic short squeeze. Other shipping players are up as well, though not seeing massive gains. DryShips Inc. (NASDAQ:DRYS) is trading at $1.86, +0.04 (2.20%).
As long as the market stays strong over the next week, focus on the shipping stocks that are near their lows but have not moved in a big way yet. DryShips would be one, along with Genco Shipping & Trading Limited (NYSE:GNK).
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
This is a classic short squeeze. Other shipping players are up as well, though not seeing massive gains. DryShips Inc. (NASDAQ:DRYS) is trading at $1.86, +0.04 (2.20%).
As long as the market stays strong over the next week, focus on the shipping stocks that are near their lows but have not moved in a big way yet. DryShips would be one, along with Genco Shipping & Trading Limited (NYSE:GNK).
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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