inthemoneystocks' Blog : Stock Plays For Profit

The iShares Russell 2000 Index ETF (NYSE:IWM) finished the week by gaining 0.52 cents. This index was the strongest during the 2009 rally. However, since late April this index which represents small business in America has actually lagged and still remains below the June and July highs. This could potentially signal overall weakness regardless of the recent stock market rally ahead of the Labor Day holiday in the United States. At this time every dip in the market has been met with light volume buying, therefore, until volume returns it is very difficult to see the markets decline. The weekly resistance level for the IWM will be around the $67.00 area.




Dollar Treen Inc. (NASDAQ:DLTR) has been one of the best performing stocks since early 2008. This chart still remains very strong as the current price of the stock is significantly trading above the weekly 20, 50, and 200 moving averages. The next important resistance levels for discount retailer are now around the $50.00 and $54.00 levels on the weekly chart. Should this leading retail stock pullback or consolidate there will be short term support around the $45.00 area.





Banco Santander-Chile ADR (NYSE:SAN) is one of the best performing bank stocks in the entire stock universe. This leading stock has surged by more than 70.0 percent since trading at $57.00 on May 21st, 2010. The Chilean bank stock will have some minor daily chart support around the $101.00 level in the near term. However, the stronger resistance levels for the stock are also very close to coming into play at $106.00, and $111.00 on the weekly charts. These levels are where profit taking may come into the stock. Should this stock decline or pullback there will be daily chart support around the $93.50 and $89.00 levels.

Get in-depth analysis, along with exact entries/exits, swing trades, scalp trades, and even our proprietary cycle work. Join our Research Center or Intra Day Stock Chat NOW and enter the ranks of the Pros!