Despite the uncertainty hitting the capital markets, precious metal stocks are rallying today. SLW ended the trading day at $24.53, up 4.38%. Gold and silver prices were up today as they were due for a bounce from oversold positions. As long as the U.S. dollar gains strength, the likely trend for gold and silver stocks is down. Any relief rallies for SLW should be used to sell the stock. Immediate resistance points are $25.84, its former 52 week low and its 20 day moving average of $27.49. Support are found at its 52 week low of $22.94 and $20. As long as the uncertainty in Europe continues, investors will remain cautious. Fear right now trumps greed.

Given that the price of WTI crude is approaching the low nineties, lower input costs will boost the margins for this oil refiner. Further more, the barriers to entry for this business are substantial, given the massive capital costs and strict environmental requirements. VLO ended the day at $21.83, up 1.44%. Since August of last year, the stock has been mostly in a trading range of between $20 to $27. Immediate resistance points are its 50 day moving average of $24.20 and $25.55. Support are found at $19.12 and its 52 week low of $16.40. So far, VLO has been trending higher, making higher lows and highs. If this oil refiner trades below $20, look to buy their stock.

For those who follow Dow Jones Theory, the transportation sector tends to lead the over all stock markets. The theory is that this sector has involvement in all sectors of the economy, and how these transport stocks perform will lead the major stock indices. Right now, the bears are fully in control of this truck and trailer manufacturer. NVI is currently down 3.56% to trade at $28.73. It also made a new 52 week low of $29.71. The chart suggests that this stock will drop to $22.23, levels not seen since March of 2009. The next key level of support is at $15.24. Before the general stock markets can turn around, investors should look at transport and materials stocks’ price action. Resistance for NVI are at its 20 and 50 day moving averages, or $33.11 and $36.11 respectively.

Unlike many other technology stocks, this dominant chip maker is still trading near its 52 week high of $29.27. INTC lost 2.23% of its value to end the day at $$27.01. Now is the time to take profits on this blue chip stock before further price depreciation takes hold. INTC is now trading between its 50 and 200 day moving averages, or $27.64 and $25.41 respectively. The immediate key support is $26. If this level cannot hold, the next major support points are $22.51 and $19.15. its 52 week low. Despite its strong fundamentals, INTC is not likely to escape any general stock market weakness. Time to take profits on this stock.

After revealing a $2 billion dollar trading loss on credit default swaps, JPM is off 9.50% to trade at $36.87. Its CEO Jamie Dimon has been praised by the press for being one of the smarter leaders in the financial industry. With the halo gone, downward pressure will continue to be persistant on JPM. Its former level of support was its 200 day moving average of $39.20; it is now its resistance. The next key support points are $34 and its 52 week low of $27.85. JPM’s weekly chart indicates more weakness ahead. If one needs to own a bank stock, Wells Fargo and U.S. Bancorp are better options.

Like most of its peers in the materials sector, the share price of FCX is still trending down. This gold and copper producer is currently trading at $34.99, down 0.89%. It is trading below its 50 and 200 day moving averages, or $38.26 and $41.13 accordingly. Important support for FCX is at its 52 week low of $28.85. After this, the next downside targets are $21.60 and $19. The stock chart of this natural resource stock indicates further price weakness. Copper prices are indicating further global economic weakness. At this point, any price gains should be used to sell FCX. Don’t fight the tape.

Thanks in most part to its Marvel franchise, DIS posted strong Q2 profit results and expects a strong year. As a result, this entertainment giant’s stock made a new 52 week high of $45.80. It is presently at $45.08, up 1.75%. DIS remains in a solid uptrend, as it is comfortably above its key 50 and 120 day moving averages. They are $42.41 and $39.48 respectively. Huge support for this entertainer is around the $40 level or around its 120 day moving average. At this price, it provides a good entry point to go long this stock. Even if the global economy enters a greater period of uncertainty, people will still want to be entertained. For investors of DIS, they can happily shout Avengers Assemble!

On a weak day for stocks, software maker MSFT only fell 0.49% to close at $30.50. Investors have driven this technology stock from $26 to its 52 week high of $32.95 since the beginning of 2012. The catalyst is major new products from MSFT, namely a new operating system that will make it a player in the mobile space. Since hitting its yearly high two weeks ago, MSFT have been correcting. The stock is below its 50 day moving average of $31.31 but above its 200 day moving average of $28.94. Major support for MSFT is at $27.50, its old level of resistance. If this price can be defended, the correction likely ran its course. Short term, MSFT’s price action will be determined by what goes on in Europe.

Despite concerns in Europe and China’s economy slowing down, the volatility linked to the S&P 500, known as the VIX, continues to trade not far from its 52 week low. For the investor looking to acquire stock market protection, they need to look at the VXX ETF. This security provides exposure to a daily rolling long position in the first and second month VIX futures contracts. The VXX ended the day at $19.96, down 1.57%. It is trading not far from its 52 week low of $15.57, also its major support. Resistance are found at its 20 and 50 day moving averages, or $17.48 and $20 respectively. The VXX appears to be bottoming, settling into a trading range of between $16 to $20. Its 52 week high is $59.18.

Despite the growing uncertainty after the elections in France and Greece, investors are dumping risky assets for flight to safety. This silver miner has not been spared the negative sentiment on natural resource stocks. SLW is presently off 2.12% to trade at $27.72. To prevent further damage to its stock price, the precious metal stock must defend $27. If SLW is not successful, the major downside targets are its 52 week low of $25.84, $25.31 and $21.90. Immediate resistance is at its 20 day moving average of $30.18. The downward momentum remains strong as SLW has yet to show any signs of bottoming. This gold and silver stock remains a sell on any rallies.