Despite natural gas producers plan to cut back on drilling due to low prices, the stock price of this energy services provider is looking to break out to the upside. HAL is presently up 2.86% to trade at $37.20 on good volume. This energy stock is approaching a key resistance point of $37.90. If this price is breached, the next levels are $40.60, $41.94, its 200 day moving average and $44.84. The bullishness for natural resource stocks in general can be attributed to the Fed’s policy of keeping interest rates low at least until 2014. Immediate support for HAL are found at its 20 and 50 day moving averages, or $34.85 and $34.68 respectively.

Due to the likelihood that European banks will not go under thanks to the latest measures taken by France and Germany, bank stocks such as MS has enjoyed a good run up in prices. This financial stock has surged from its November low of $13.32 to its current price of $18.17, up 0.22% currently in today’s trading. MS did reached an intra-day high of $18.88, nearing one of its key resistance points of $19.03, or its 200 day moving average. The other is $19.67. If these resistance levels hold, MS is likely to drift back to its 50 day moving average of $15.63. Given the flat interest rate yield curve and more regulations, decent top and bottom line growth will be difficult for banks to achieve.

As a result of the Federal Reserve Board announcing that interest rates will likely stay low until 2014, natural resource stocks such as TC will get a boost. The stock of this molybdenum producer is currently up 2.75% to trade at $8.55. If this materials stock can close above its 200 day moving average of $8.52, the momentum will remain to the upside. Immediate targes are $10.43 and $11.11. Important support is at $6.97, its 50 day moving average. Generally, a weaker dollar is ideal for commodity stocks. For the bulls of TC, let’s hope that Greece finally reach a deal with its creditors.

The shares of this software maker has been steadily going up, making a new 52 week high of $29.95 yesterday. MSFT was down 1.31% to end the day at $29.31. Since late November of 2011, this technology stock rose from $24.47. Given its recent stock price appreciation, the easy money has likely been made on MSFT. The stock is approaching major resistance at $31.58. If this price is broken, the next upside target is $37.50. Key support for this tech giant is at $27.50, its previous level of resistance. If this price can be defended, the strong upward trend is confirmed. Further support is found at its 50 and 200 day moving averages, or $26.23 and $25.87 respectively.

Like many natural resources stocks, TCK had a nice run up. It ran from its December low of $32.78 to its current price of $41.59. For the day, it is up 0.65%. The stock of this coal and copper producer is running up to key resistance at $43.05. Another sign that TCK could be topping over the short term is that it is well off its high of the day of $42.76. The 200 day moving average is at $42.94. Support for TCK is found at $36.22, its 50 day moving average. At this point, TCK should be sold at current price levels since it is bouncing off key resistance points. A better entry point is around its 50 day moving average.

The shares of this networking equipment maker had a strong week, closing the week at $13.45, near its high of the week. JDSU gained over 4% on Friday alone. The stock has been rising with the overall equity markets. JDSU is slated to report their earnings on Wednesday February 1st. The key to the technology stock’s next move is their 2012 guidance. Much of that could depend on demand from Chinese telcos. Vital support are found at its 50 day moving average of $10.90, $9.22 and its 52 week low of $8.59. Resistance points are found at its 200 day moving average of $13.92, $15.53 and $17.02. Given JDSU’s recent strong run, it is a better stock to sell than to buy at current levels. 

Despite the oil supply threat made by Iran and oil trading in the $100 area, this oil and gas stock did not make any heady price appreciation. CNQ ended the day down 0.75% to close at $38.53. The energy stock is bouncing off resistance at $39.57. It has been gradually making lower highs. CNQ bulls need to defend this stock at its 50 day moving average of $36.61. If not, the downside targets are $33.50 and $32.61. The risk premium for oil could shrink if the threats by Iran proves to be just saber rattling. This makes CNQ vulnerable to a sell off. At the current price level, this energy stock is better to be sold than bought.

The stars are lining up for automaker Ford. The US passenger market is recovering, their current products are competitive and their new offerings appear to be class leaders. With F presently up 2.88% to $12.69, it is above its 200 day moving average of $12.62. If the stock can defend this level, it is set up to test $14.12 and $16.18. Major support is found at $11, also near its 50 day moving average of $10.88. At this price, it presents an opportunity to go long this American car maker. Given its sharp run up from its December low of $10, F is due for a price correction.

Thanks to a more stable Euro and further signs that the US economy is recovering, the stock of this molybdenum producer has been climbing up. TC is presently up 1.10% to trade at $8.29. It is comfortably above its 50 day moving average, a key level of support. This materials stock is likely to find resistance at its 200 day moving average at $8.62. Short term, TC appears overbought. If the stock can defend successfully the 50 day moving average, the upward bias will remian intact. The 52 week high low range is $5.44 to $14.52

With natural gas trading under $2.50 btu, the stock price of natural gas producers are being pounded. CHK made a new 52 week low of $20.80. This energy stock shedded 2.80% to close at $20.81. Over the immediate term, low natural gas prices will remain, putting pressure on the price of CHK. Major support is at $20. This stock continues to be in a downward trend channel, Huge resistance is found at its 50 day moving average of $24.83. With no signs of bottoming, it is still too early to invest in CHK shares. The street is littered with the bodies of natural gas bulls trying to predict the ultimate bottom in pricing.