Pros Weekly Play Book - Get Ready! $GOOG $IYT $FDX

At this time, many investors are focused on the problems in the European Union, and the U.S. political debate over the debt ceiling being raised. As a trader, the focus should simply be on the charts and the patterns that stocks and commodities are making. In the last report which was posted on July 10th, 2011, the focus was on the Dow Jones Transports. The charts at that time told us that transportation index was extended and due for a pullback - and that is exactly what happened. Readers can easily go back to that last report and see how those charts played out in the iShares Dow Jones Transportation ETF (NYSE:IYT), FedEx Corp. (NYSE:FDX), and Union Pacific Corp. (NYSE:UNP). Learn to read the charts properly and profit. This week, the extended stocks are coming out of two different sectors. The first sector that is extended is the oil services stocks. Therefore, we shall examine the Oil Services Holders Trust (NYSE:OIH). The second group of stocks that appear extended at this time come from large capitalization technology stocks such as Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), and International Business Machines (NYSE:IBM). Lets find levels when each of these stocks will have good daily chart resistance and present the best trading opportunities. The Oil Services Holders Trust (NYSE:OIH) is a basket of the leading oil services stocks. The OIH gained $7.87 last week, closing at $161.53 a share. Price has surged higher by $22.37 a share since its June 27, 2011 pivot low when the stock traded at $139.16 a share. The recent surge higher in the OIH indicates strength by trading above 20, 50, and 200 moving averages. The only problem with the OIH is that price is now extended and overbought on the daily chart. These types of patterns will usually need to pullback or consolidate before moving higher. The next important resistance levels for the OIH will be around the $163.25 area. Should the OIH continue to climb higher the $169.00 level would be the next important weekly resistance level. It is possible to see pullbacks from these resistance areas. Should the OIH pullback traders can watch for short term support around the $156.25, and $153.25 levels.

Apple Inc. (NASDAQ:AAPL) is the leading technology stock in the world at this time. This company designs, manufactures, and markets personal computers, mobile communication media devices, and portable digital music players. As well as sells related software, services, peripherals, networking solutions, and applications around the world. In other words, this stock is the technology market. Recently, Apple stock has surged higher by 85.0 points since June 20, 2011 when the stock traded as low as $310.50 a share. Traders must now realize that the stock is overbought and extended at this time. This does not mean that the stock cannot trade higher, it simply means that it will need to pullback or consolidate very soon. Traders should watch for near term resistance around the $405.00 level. It is possible that the stock could begin to pullback before reaching that resistance area. Should Apple stock pullback, there should be short term support around the $375.00, and $363.00 levels. Join the Pros live as they trade these stocks and more in our Intra Day Stock Chat - view live charts, live trades, profit. Start your Free Trial Now click here.

Google Inc. (NASDAQ:GOOG) is another leading technology stock that has exploded higher since June 27, 2011 when the stock traded as low as $473.00 a share. Last week, the stock closed at $618.23 share, that is an increase of $145.00 in just four weeks. What a move! The stock is now short term overbought and extended on the daily chart. This is when the stock needs to pullback or consolidate before moving higher. The next important resistance area for Google stock will be around the $623.00, and $637.00 levels. The stock will also come into a very important double top resistance level at $643.00 from its January 2011 high. Google stock will have short term daily chart support around the $598.00, and $585.00 levels.

Nicholas Santiago InTheMoneyStocks.com Get in-depth analysis, along with exact entries/exits on swing trades, scalp trades, and even our proprietary cycle work, here is how: ⇒ Investors, Swing Traders, 401k, IRA investors, join our Research Centernow and take control of your financial future! Click here to start your Free Trial NOW. ⇒ Day Traders, Scalp Traders, join our Intra Day Stock Chatand trade along side the absolute best in the industry. Do not waste any time, start yourFree Trial now,click here.

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4 Key Signals That Gave An Extremely High Probability Of A Mega Rally Today 3/10/2009

The markets screamed higher today following some bullish words from CitiGroup and the likelihood that the uptick rule would be back in place within a month. This market was long overdue for a rally, yet many thought it was long overdue weeks ago. The big question was, how did the charts tell us this was coming with such accuracy. Yesterday, in the Intra Day Stock Chat and in the Research Center video we highlighted some interesting chart patterns that had developed. These chart patterns are some of the keys that each elite trader/investor must learn and use.

The first chart that signed a major move coming as early as today was the Inverse Head and Shoulder Pattern on the SPY daily. A break of that neckline would send this market screaming higher....

See the charts and read the rest of the article at the link below:

http://www.inthemoneystocks.com/n_article_archive_single.php?id=17

Intra Day Market Technical Analysis Video 12.23.2008

NEW Intra Day Market Analysis 12-22-08 posted!

http://www.youtube.com/watch?v=XtBWbDCNv7k&feature=channel_page

Weekend Technical Analysis Video for Dec.22-26th

http://www.youtube.com/watch?v=SxzP9Fc8D7g&feature=channel_page

Confessions of a Trader

Chapter 1 I write of my experiences not for glory, ego or profits, but to describe the pain and pleasure in the life of a professional trader. Most individuals in this world will never know the rush of adrenaline in being a day trader. Upon buying a large block of stock and knowing that every tick up or down in the next couple seconds will dictate a day at work. A day where you may either make more money than 99% of the worlds population or lose more money than 99% of that same population spends per month in bills. To describe the feeling to a non trader is like explaining love to someone who has never experienced it. They will never quite get it. They may nod and smile, but let's face it, they are just humoring you. How do you explain to someone that after a while it is a video game? That losing or making just $5,000 in a day is just another day at the office. I feel like half of them look at me and do not fully grasp that I can actually work for negative dollars. Think about that concept. Traders can go to work and can come home with less than they left the house with. Losses happen. You grow to accept them and move on. In fact, the great traders actually accept it and move on seconds after it happens. Granted, they cut their losses quickly. This enables them to move on to the next trade more easily. The video game aspect fascinates me. Am I trading real money? God knows if I ever had to take out ten one-hundred dollar bills and hand them to someone it would literally depress me. But here I sit, taking or giving that every other day like it is no big deal. I wish to convey so many lessons, so many rules I have picked up throughout the years. I promise I will. These confessions will tell the tales of profits and losses and tricks of the trade. I intend to take you on a journey from the past to present as I learned how to trade profitably. I once read about a study on day traders. This study found a commonality between those that were good day traders and those that were classified as psychotics. Years ago I found this amusing. Today perhaps more interesting and plausible. There is something to be said for an individual that can sit behind a computer, massive amounts of data streaming through and study charts, ticks, candlesticks, in order to jump in and out scalping pennies in seconds but making thousands. It is in reality almost comical to think about what a day trader does yet I would not change it for the world. The freedom, the passion the unknown. To never know what will happen tomorrow, whether or not you will make money or lose. To be able to literally trade for the first half hour of the market, hit a few trades dead on and walk away with a weeks pay. To sit all day doing nothing and then in a split second a trade pops up and snooze of a day turns out to be Christmas and New Years all rolled into one. Granted, it goes both ways and trust me when I tell you that I have experienced both. But is it really that crazy of a job? I love a quote from the movie Con Air for that exact reason. Steve Buscemi who plays Garland 'The Marietta Mangler' Greene says... "What if I told you insane was working fifty hours a week in some office for fifty years at the end of which they tell you to &$#@!! off; ending up in some retirement village hoping to die before suffering the indignity of trying to make it to the toilet on time? Wouldn't you consider that to be insane?" Sadly, in these woeful economic times this rings with more truth as the automotive industry, financial firms and world lay off people by the tens of thousands. As I begin Chapter 1, I aim to tell you about some of my experiences along the road to becoming an accomplished trader. First off, let's be honest, the stats are not favorable to someone succeeding as a trader. Something like 5%-10% will make it. The rest will lose their money and go back into the monotony of the common work force. Whether or not you make it as a trader depends on so many variables it is almost impossible to count. These will be covered in depth in the coming weeks. Trading seemed to have been ingrained in my psyche since I was in grade school. I collected everything I could. Baseball cards, basketball cards, coins. I had price guides for them all and followed the monthly prices like it was a ticker in a news paper. As a young man I got interested in trading in high school. A classic case of joining the newly formed Investment Club. We played one of those news paper investment games and the seeds were planted. I had no clue what I was doing back then but it was fascinating to watch the markets and “guess” at the direction a stock would move. After joining the investment club, there was not one day I did not pick up the paper and look up and down the quotes page. Eying what went up and down, within months I knew every stock by the symbol in the paper. Someone could throw out two, three or four symbols and I could rattle the name off like it was my own name. I had no clue at the time what a day trader was but I did know whatever I ended up doing, it must involve stocks. I continued to paper trade using the popular Yahoo! Investment Challenge during school/market hours. Having fun watching my fake $100,000 account as it went up and down each month. I found that even the fake dollars, as my account value increased was intoxicating and addicting. I must have looked suspicious and had this strange intense look on my face because more than once the teachers would check what I was doing, suspecting the website I was looking at so intensely was pornography. College came quickly, my knowledge of stocks still limited to symbols and the idiotic basics of what the media and financial world made us believe was important in choosing an investment. The late 90s were upon us, my first trading account would be opened and I was about to get a unique phone call from the CEO of a publicly traded large pharmaceutical company... Chapter 1: Words of WisdomNo Trader Ever Went Broke Taking A Profit - Never let greed take over. Any profit is a good profit. Do not be afraid of what you will not make, instead be afraid of what you will lose. By: Anonymous Trader InTheMoneyStocks.com 12-18-08 Note: Future chapters will be available on our website blog at InTheMoneyStocks.com. Check the website January 1st, 2009.