InTheMoneyStocks Daily Analysis - Page 117

Stocks To Watch: Coal Nearing A Bounce

Arch Coal Inc (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX) and James River Coal Company (NASDAQ:JRCC). James River Coal is trading at $2.05, +0.11 (5.67%) and close to a bounce. Once these three stocks have reversal days and close flat or trade higher; this could setup for a great swing trade. 

Gareth Soloway

InTheMoneyStocks.com

Three Stocks Control The Entire Stock Market

If you ever wonder what type of day it is going to be in the stock market you can simply follow three stocks. When these three stocks trade higher on the session together the markets are likely going to finish positive. The opposite is true when these three stocks trade lower on the session, the major stock indexes will usually finish in negative territory. When these stocks are mixed then the markets are usually going to finish slightly higher or lower. The three most important stocks in the market are J.P. Morgan Chase & Co (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM), and Apple Inc (NASDAQ:AAPL).

J.P. Morgan Chase & Co (NYSE:JPM) is the most important financial stock in the United States and possibly the most important financial stock in the world at this time. This stock is still the leading financial stock despite its recent trading loss that is be highly publicized. When JPM stock moves the markets listen. Today, JPM stock is trading higher by 0.08 cents to $34.39 a share.

Exxon Mobil Corp (NYSE:XOM) is the largest energy company in the world. The company has the second largest market capitalization in the entire stock universe at $377 billion. This stock is a major component of the S&P 500 Index and the Dow Jones Industrial Average. Today, XOM stock is trading higher by 0.56 cents to $81.19 a share. Short term traders should watch for intra-day resistance around the $81.37, and $81.75 levels.

Apple Inc (NASDAQ:AAPL) is the leading technology stock in the world. This company's growth has been responsible for putting companies such as Research In Motion Limited (NASDAQ:RIMM), and Nokia Corporation (ADR) (NYSE:NOK) into a possible bankruptcy. AAPL stock also moves the markets when it trades higher or lower as it is a huge part of the NASDAQ 100 and the S&P 500 Index. Every trader and investor must follow the action in AAPL stock as it is the largest stock by market capitalization in the world. Today, AAPL stock is trading lower by $1.41 to $570.75 a share. Short term traders can watch for intra-day support around the $569.40, and $564.00 levels.

Nicholas Santiago
InTheMoneyStocks.com

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Two Restaurant Stocks Get Roasted

This morning, two market leading restaurant stocks are selling off sharply lower. Chipotle Mexican Grill Inc (NYSE:CMG), and Panera Bread Co (NASDAQ:PNRA) have both been major winners in 2012, however, today these stocks are falling significantly lower. When stock market leading stocks decline traders should always take note as these stocks are often falling out of favor with investors.

Today, Chipotle Mexican Grill Inc (NYSE:CMG) is declining lower by $18.75 to $396.54 a share. Short term traders should watch for intra-day support around the $392.00, $389.00, and $384.50 levels. The daily chart of CMG stock will have support around the $380.00 levels.

Panera Bread Co (NASDAQ:PNRA) is trading lower by $4.35 to $139.13 a share. This stock topped out in late March 2012 at $166.00 a share. Short term traders can watch for intra-day support around the $138.00, and $135.50 levels. The daily chart for PNRA stock will have support around the $130.00 area.

Some other leading restaurant stocks that are trading lower include Tim Hortons Inc (NYSE:THI), and Pizza Inn Inc (NASDAQ:PZZI). Most other stocks in the restaurant sector are holding up rather well today. This tells us that CMG, and PNRA are isolated stocks and most other stocks in the sector are not falling in sympathy.

Nicholas Santiago
InTheMoneystocks.com

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