Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
138 Followers
3 Following
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Alert: Stock Market Awaits Federal Reserve  0 comments
    Jun 22, 2011 12:16 PM | about stocks: SPY, GS, BORN, SCEI
     The markets are holding on the flat line as they await the Federal Reserve FOMC policy statement and the press conference that will follow later today. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $129.66, +0.21 (+0.16%). After a monster rally yesterday, the markets are waiting to hear if there will be some sort of QE3 or in the very least some QE2.5. With the economic data of late and the massive problems inside of Europe, the Federal Reserve may be poised to bring some sort of secondary easing plan. This plan will most likely come later this year or early in 2012 though. Be ready for the next swing trade alert on the Federal Reserve's action.

    Financial stocks are leading the charge today. They were initially weak yesterday following downgrades on Monday, but bounced nicely by the end of the day. Today the banks are the leading sector in the market. Goldman Sachs Group, Inc. (NYSE:GS) is trading higher at $136.82, +0.86 (+0.63%).

    Chinese stocks again seem to be the the best performers.  These stocks have been hammered due to fraud allegations, short sellers and accounting issues. Many have lost over 75% of their value. Even dead cats bounce though, and stocks like China New Borun Corp (NYSE:BORN), Sino Clean Energy Inc. (NASDAQ:SCEI) and A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) have all rocketed off their recent lows. Until there is more transparency, the smaller Chinese stocks should be utilized and short term trading vehicles, nothing more. Which is the next China stock to pop or drop?

    Gareth Soloway
    InTheMoneyStocks.com

    Stocks: SPY, GS, BORN, SCEI
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Weak US Dollar, easy money = GOLD Higher $GLD
    Feb 21, 2012
  • For technical traders, yesterday was a buying opportunity. For the other 99%...http://bit.ly/qmvOpq
    Aug 11, 2011
  • April gold finished higher by $12.90 to close at $1,414 an ounce.
    Feb 23, 2011
More »

Latest Comments


Most Commented
Posts by Themes
stocks, $EWH $FXI $EWJ, 10 year, 200 moving average, 2012, AAPL, ADP , ADP Employment, ADP Private Jobs Report, ADR, agriculture, Agriculture, ainvesting, airlines, AKS, AMZN, Apple, ARUN, ASCA, Asia, AT T, Auto, Automotive, AXP, bailout, banks, Banks, Bernanke, BIDU, Blackberry, BLK, bonds, bounce, broadcom, BYD, case shiller 20 city index, CAT, China, china, citrix systems, CLF, coal, Coffee, commodities, commodity, construction, copper, Cotton, cotton, CPI,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.