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  • Intra-day Levels On COST & DLTR

    Costco Wholesale Corporation (NASDAQ:COST), and Dollar Tree Inc. (NASDAQ:DLTR) are holding up the retail sector both of these stocks are trading higher by over 1%. Intra-day resistance on COST is around $85.00 and $85.50; DLTR is around the $100.75 and $101.28 levels. Some other retail stocks trading higher include Wal-Mart Stores Inc. (NYSE:WMT), The TJX Companies Inc. (NYSE:TJX), and Zumiez Inc. (NASDAQ:ZUMZ).

    Nicholas Santiago

    InTheMoneyStocks.com

    DLTR

    Tags: DLTR, TJX, ZUMZ, WMT, COST
    May 24 10:40 AM | Link | Comment!
  • First Solar Trades Up: Bottom May Be In

    First Solar, Inc. is trading at an attractive valuation level ($13.72, +0.12 (0.90%), this is also a makes FSLR a possible buyout candidate. New tariff rules passed on Chinese solar companies makes First Solar one of the lowest cost solar producers on the market.

    Gareth Soloway

    InTheMoneyStocks.com

    Tags: FSLR, TSL, SPWR, LDK
    May 23 12:39 PM | Link | Comment!
  • Positive Divergence: Dollar Vs. Market Suggest Stock Rally Soon

    The markets are taking a beating today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $130.44, -1.76 (-1.33%). While things look ugly, there is a major silver lining showing up. This is a positive divergence between the markets and the U.S. Dollar.

    The Dollar and the markets have an inverse relationship. Whenever the Dollar rises, the markets sell. This can be clearly seen on any Dollar, S&P 500 chart spanning the past few years. While this relationship still remains somewhat in tact, there is a divergence showing up today.

    The divergence is as follows. As the Dollar ETF, PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has made new multi month highs, the SPY has not made new lows. This tells us the markets are beginning to find a short term bottom for the next week or two with upside very likely. In addition, when the Dollar finally peaks at resistance and pulls back, the markets should see a solid rally.

    Gareth Soloway
    InTheMoneyStocks.com


    Tags: SPY, UUP, DIA, QQQ
    May 23 12:08 PM | Link | Comment!
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