By IntheMoneyStocks on February 8th, 2010 6:54pm Eastern Time

ERTS shares have declined nearly 10% to $16.00 in after hours trading. This sell off comes after the company's forecast numbers were below the current projection of 13 cents a share from Thomson Reuters.

By ITMS News on February 8th, 2010 4:31pm Eastern Time

The Research Center is great for investors, swing traders and day traders.  It focuses on swing trade setups, superior market guidance and of course, teaching the InTheMoneyStocks technical analysis methodology.  The 80%-90% success rate of their calls on the markets next movement, stock swing trades, the dollar, oil and gold make the Research Center perfect for beginners and advanced swing traders who are looking to profit.

By ITMS News on February 8th, 2010 3:32pm Eastern Time

Gainers

CFSG +21.81%
BPSG +8.98%
NSU +13.15%
HAS +12.61%
CAGC +10.22%


Decliners


WTU -45.73%
CTIC -43.40%
NBG -11.68%
DDSS -9.01%
GY -7.98%

By TRADER X on February 8th, 2010 3:10pm Eastern Time

The U.S. Dollar is still slightly negative today. However, the dollar has rallied from it's morning lows. When the dollar trades higher most commodity and inflationary stocks usually trade lower and vice versa. The DXY chart will have intraday resistance at the 80.38-80.40 level. Remember every trade is a dollar trade.



 

By ITMS News on February 8th, 2010 3:00pm Eastern Time

Crude oil futures started the week on the upside. Crude for March delivery was up 70 cents to $71.89 a barrel.

By TRADER X on February 8th, 2010 2:52pm Eastern Time

WMT is under a little pressure today trading lower by 0.30 cents to 53.18. WMT will have intraday support at the 53.08 and 53.00 levels.

By InTheMoneyStocks.com on February 8th, 2010 2:24pm Eastern Time

By ITMS News on February 8th, 2010 2:17pm Eastern Time

Gold futures started the week on a strong note. Gold for April delivery was up 1.3% at $1,066.20 an ounce.

By ITMS News on February 8th, 2010 1:39pm Eastern Time

According to Fitch Ratings U.S. prime jumbo mortgage late payments rose to 9.6 percent in January from 9.2 percent in December.

By InTheMoneyStocks.com on February 8th, 2010 1:36pm Eastern Time

By Nicholas Santiago on February 8th, 2010 1:00pm Eastern Time

Toyota Motors (NYSE:TM) has been on the hot seat recently. Toyota issued a massive recall due to an accelerator problem. This recall has affected millions of vehicles and the owners of theses vehicles. Politicians and federal investigators have made statements about the recall from Toyota as the company is in the news every single day.

On January 15th, 2010 the stock made a new high for the year at nearly 92.00 a share. Since that time the stock has declined to 71.00 on February 4th, 2010. From peak to trough this is a 21 point decline in just 3 trading weeks. While the stock has fallen sharply from these levels they still maintain a lot of market share globally.

Currently Toyota Motors as a stock is under pressure. Many other car companies are trying to capitalize on the negative news from the market leader Toyota. Ford Motors (NYSE:F) is one stock that has traded higher on the back of a falling Toyota stock. Ford has surged over ten fold and nearly 11.00 points throughout 2009 since it's February 2009 lows. From a traders point of view most of the good news looks baked into the cake for Ford.

So what is a better buy here, Ford or Toyota? Throughout history, it is hard to knock off the king. Toyota Motors is still the king. Companies have had recalls before and they seem to always pull through. Toyota is looking attractive at these levels. Remember the market always overshoots much the same way that a pendulum does. Often it goes to an extreme high and then to an extreme low. The same case can be made for a stock. Therefore, keep an eye on Toyota Motors at these levels.

Nicholas Santiago
Chief Market Strategist
www.InTheMoneyStocks.com

By ITMS News on February 8th, 2010 11:58am Eastern Time

Gold futures continue to move up today. Gold for April delivery was up $18.10 to $1,071.10 an ounce.

By InTheMoneyStocks.com on February 8th, 2010 11:40am Eastern Time

The markets are slowly inching higher today on the back of Friday's massive late day reversal.  After four weeks to the downside, it appears as if the markets put in a short term bottom Friday when the SPDR S&P 500 ETF (NYSE:SPY) hit a low of $104.58.  The reversal on the markets coincided with huge volume which also tells of a possible bottom capitulation type move.  The dollar hit major resistance and in turn oil flushed out as the United States Oil Fund LP (ETF) (NYSE:USO).  With the dollar falling and oil and gold rising, Friday turned out to be a beautiful reversal.  A bottoming tail is now visible on the daily chart.  Commodity stocks like U.S Steel Corp. (NYSE:X) hit major levels (X hit the 200ma on the daily).

While earnings look to be getting thin this week, major companies report still include The Walt Disney Company (NYSE:DIS) and PepsiCo, Inc. (NYSE:PEP).  After the jobs report on Friday, economic news may seem lighter.  However, watch the Initial Claims and Retail Sales numbers on Thursday.  Those will most likely move the markets.

Generally, on a technical basis, look for the markets to be choppy to higher short term following the bottoming tail and reversal on Friday.  Commodities should lead the way as the dollar falls back slightly off of the key resistance level it nailed on Friday.  Keep watch of further worry about sovereign debt and chatter about the global economy.

By ITMS News on February 8th, 2010 11:05am Eastern Time

Gainers

CFSG +21.31%
BGP +12.07%
HAS +13.15%
BBEP +10.49%
CAGC +9.07%


Decliners

WTU -36.52%
CTIC -18.88%
NBG -11.14%
NVAX -9.01%
SHIP -9.46%

By ITMS News on February 8th, 2010 10:52am Eastern Time