Seeking Alpha

InTheMoneyStock...'s  Instablog
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:
My blog:
Pro Traders Rant and Rave Blog
  • The Final Hour Is The Real Test 0 comments
    Aug 11, 2011 3:25 PM | about stocks: VMW, RAX, CRM, QQQ
    Day after day, the major stock indexes seem to give up the early gains in the final hour of the trading session. This afternoon, the Dow Jones Industrial Average is trading higher by 400.00 points to 11,118.00. This rally higher is broad based as every sector seems to catching a bid higher. All is well in Mayberry at the moment. The final dreaded 3:00 pm hour is upon us. This is a time many many institutional traders have been pressing the sell button over the past three weeks. Let us make no bones about it, these markets are very oversold and due for a bounce. Therefore, it is very possible that the markets will end the day in positive territory for only the third time in the month of August.

    This afternoon, many of the market leading stocks are trading higher. Stocks such as VMWare Inc.(NYSE:VMW), Inc.(NYSE:CRM), and Rackspace Hosting Inc.(NYSE:RAX) are surging higher. The tech heavy NASDAQ Composite is trading higher by more than 100.00 points. In fact, all thirty stocks in the Dow Jones Industrial Average(DJIA) are trading positive today. It looks as if the stock market has a chance to close in the green. Traders should be aware that there could be some profit taking before the close as many traders and investors are nervous to hold overnight. Either way, the final hour of the session is going to be the real test for these markets this afternoon.

    Nicholas Santiago
    Stocks: VMW, RAX, CRM, QQQ
Back To'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.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Posts by Themes
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.