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Author: InTheMoneyStocks

Sympathy Play Off Of WAG

This morning Walgreens Co.(NYSE:WAG) is declining sharply lower after reporting earnings that were not well received by the market. Walgreens stock looks to have some support around the $38.70 area and $37.45 area. Often after a...

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Broadcom Under Pressure

Broadcom Corp.(NASDAQ:BRCM) is a leading semiconductor stock that is trading lower this morning by 0.61 cents to $39.90 a share. Traders must watch the $39.58 area for intra-day support. This is a short term bounce area for the...

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Transports Pulling Back Early

This morning the iShares Dow Jones Transportation ETF(NYSE:IYT) is pulling back a bit. The transports have rallied sharply higher since making a pivot low on March 15, 2011. Day traders can watch for intra-day support on the IYT...

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Copper Could Be Telling A Different Tale

Copper has long been known as a leading economic barometer for the major stock indexes. Today copper is trading lower on the trading session despite the huge stock market rally in the major stock indexes. This afternoon the...

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Technical Levels: Money Flow Into Tech

Technology shares are spiking higher today, leading the markets. The Nasdaq is higher by 50.34 (+1.90%), trading at 2,694.01, while the S&P 500 and Dow Jones Industrial Average are lagging, up a respectible 1.5%. It appears...

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Integrated Energy Stocks Lead Rally

This morning all of the major stock indexes are soaring higher. The rally is broad based as almost every industry group seems to be catching a bid. One industry group is helping to lift the Dow Jones Industrial Average(DJIA) and...

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Wells Fargo Struggles Despite Market Rally

Wells Fargo & Co.(NYSE:WFC) is struggling this morning to catch a meaningful bid higher despite the large stock market advance. This tells us that Wells Fargo stock is weak relative to the major stock indexes. Scalp traders...

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What You Need To Know: Rally Day Two

The markets moved higher again today on the back of G7 intervention in the currency markets as the Yen was pushed down and a no fly zone was put into place over Libya. The global powers are doing their best to quiet the issues...

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