Profit Plays For 2011

In this week's market report we shall profile a few stock market leaders and cover the levels that you need to know for 2011. In 2010 we provided many very accurate Weekly Market Reports which featured incredible money making opportunities for free to the public. This year we will continue to isolate the same type of critical support and resistance levels on many of the highly traded stocks and release this expert guidance to the public. Peabody Energy Corporation BTU is one of the leading coal stocks in its industry group. This stock has surged higher since late August when the Federal Reserve Bank announced its second round of U.S. Treasury purchases called quantitative easing. At that time the Peabody Energy stock was trading at $40.80 a share. On the last trading session of the year the stock closed at $63.98. That is a better than 50.0 percent increase for Peabody Energy in just four months. Peabody Energy will have weekly chart resistance around the $66.25, and $70.00 levels. Should the stock pullback before reaching those resistance levels there will be important daily chart support around the $58.00 area. What these levels closely and trade the stock accordingly. IMAX Corporation (USA) IMAX is a leading entertainment technology company that operates theaters worldwide. On December 31, 2010 the stock recently broke out of a one month basing pattern surging above the $33.00 level intra-day. On that day there was a rumor circulating that Sony Corporation (ADR) SNE was going to buyout IMAX Corp. for $40.00 a share. By the middle of the trading day that rumor was not verified and the stock reversed lower by $5.00 from the intra-day high on massive volume. This now puts in a high volume reversal day on the daily chart which often indicates more of a pullback in the near term for the stock. Imax Corp. will have strong daily chart support at the $26.50, $24.25, and $22.50 levels. Should the stock recover and begin to trade higher watch for resistance at the $30.00, and $33.50 levels. Cypress Semiconductor Corporation CY is another technology stock that has surged higher ever since the announcement of QE-2. In late August the stock was trading as low as $9.73 a share. Since that time the stock has rallied by over 90.0 percent making this stock a major winner in 2010. Cypress Semiconductor stock will have near term daily chart resistance around the $19.80 area. There will also be very strong weekly resistance around the $22.00, and $23.50 levels. As long as this stock remains above the daily 20 and 50 moving averages it remains in a strong technical uptrend. 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!