Forget The Bernank, Day Traders Follow The Technicals
As you all know, every trader and investor in the world is waiting for the Ben Bernanke press conference this afternoon. Will Mr. Bernanke hint that a cut in quantitative easing is underway? The answer is who cares what he says. As traders we simply want to react to the price action. If the markets sell off then we want to find a level that looks attractive to buy stocks. On the flip side, if the market rallies then we want to find a level where there will be major resistance and sell it. Traders should not be bullish or bearish, you simply just want to be on the correct side of the tape. If you are wrong then you want to be wrong small, that is why you must have a stop loss. ..
Financial Stocks Weak: FOMC Leading Indicator Alert
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%). ..
Solar Stock Trading Alert: XsunX, Inc. (OTCQB: XSNX) Gains 11.94% in early Trading
Point Roberts, WA / New York, NY - June 17, 2013 (Investorideas.com renewable energy newswire) Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks, issues a trading alert for solar stock, XsunX, Inc. (OTCQB: XSNX). The stock is trading at $0.0150, gaining 0.0016 or 11.94% as of 10:21AM EDT on over 1.2 Million shares.
Mining in Mexico: Q&A with SilverCrest Mines Inc. (TSX.V: SVL) (NYSE MKT: SVLC)
Point Roberts, WA / New York, NY - June 14, 2013 (Investorideas.com Mining Stocks Newswire) Investorideas.com, a leader in sector research for independent investors, including mining stocks, presents an exclusive Q&A with SilverCrest Mines Inc. ( TSX.V: SVL ) ( NYSE MKT: SVLC) (CW5.F), a company with its flagship property in the State of Sonora, México.
This morning, the leading airline stocks are trading slightly higher at the start of trading session. The airline stocks have showed good relative strength since December 2012 when this sector broke out on the charts. At this time, the airline stocks look to be range bound. Should this industry group begin to consolidate further on the daily charts they could be building a base to trade higher. Traders that want to track the entire sector can follow the Guggenheim Airline ETF (NYSEARCA:FAA). Currently, the FAA is trading into a double top on the weekly charts, so without consolidation on the charts the airline stocks will likely be range bound in the near term. ...
Frac Water Stock Investor Alert; HII Technologies, Inc. (HIIT) to Present to the Energy Prospectus Group
This morning, the leading gold mining stocks are declining at the start of the trading session. This important sector can be followed by viewing the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading lower by 0.50 cents to $28.59 a share. It is important to note that GDX is still trading above its recent low of $26.24 which was made on May 20, 2013. Should the GDX rally from this current level there is still a good chance that the upside gap fill level at $32.22 could still be a possible target. The key for the GDX is to remain above the recent low of $26.24 on a daily chart closing basis. Should price fall below that key low then there could be much further downside in the cards for the GDX. Day traders can watch for intra-day support around the $28.40, and $27.90 levels.
Mobile Payment Stock Alert: CALPIAN'S (OTCQB:CLPI) Money-on-Mobile Serves over 53 Million Unique Users
Marijuana Vending Machines Race: Marijuana Stocks to Watch (ERBB), (HSCC), (MDBX)
Point Roberts, WA/ New York, NY - June 10, 2013 (Investorideas.com Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on Marijuana stocks in the race for Marijuana vending machines.
Frac Water Stock Investor Alert; HII Technologies (HIIT) Announces Upcoming Stockholders Meeting
Surging Demand for CIGS Solar in Japan: Global Trend to Follow?
Point Roberts, WA - June 10, 2013 (Investorideas.com newswire) Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks, reports on recent news and developments in the CIGS solar sector and related solar stocks XsunX (OTCQB: XSNX), Ascent Solar (NASDAQ:ASTI) and Solar Frontier subsidiary of Showa Shell Sekiyu K.K. (TYO: 5002).