BHP Billiton (BHP) Under Early Pressure

BHP Billiton Ltd. (NYSE:BHP) is trading slightly lower this morning by $1.15 to $94.49 a share. The stock will have some minor intra-day support around the $94.20 area, however, the better intra-day support area should be around the $93.55 area. This is a spot where scalp traders can look for a quick intra-day bounce.

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Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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