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
  • Report: Inside The Stock Market 0 comments
    Nov 22, 2011 12:09 PM | about stocks: SPY, JPM, GS, FSLR
    Stocks are seeing red again after GDP numbers were revised  lower this morning. The GDP for the summer months came in at 2%. The futures had been slightly higher during the overnight session but headed south on the economic report. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $118.76, -0.86 (-0.71%).

    In addition to the poor GDP number in the United States, worries continue in Europe. While usually a holiday week moves the markets higher, this week traders face worry. Fear of the next issue in Europe is keeping Wall Street players from buying into the holiday. In addition, many traders are selling to avoid the risk during the holiday.

    The bank stocks JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group, Inc. (NYSE:GS) are leading the decline. Goldman Sachs Group is trading at $88.66, -2.64 (-2.89%).

    In addition, there was a key break down today on First Solar, Inc. (NASDAQ:FSLR) below the master $42.50. The next stop for this stock is $39.75 and $34.50.

    The only positive to this market is Federal Reserve POMO and light volume. Should this market inch higher later, that would be the culprit.

    Gareth Soloway
    InTheMoneyStocks.com

    Stocks: SPY, JPM, GS, FSLR
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.