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Whirlpool Corp $WHR Crashing, See Where It Will Bounce Here
Shares of Whirlpool Corp (WHR) are crashing hard after reporting lackluster earnings results. The stock is cratering 14% today, trading just south of $130.00. Technical traders and smart money are eyeing the major support pivot of $120.00 as a bounce level for Whirlpool Corp. This is a swing trade with an easy 10% snap back written all over it.
Gareth Soloway
InTheMoneyStocks
Automobile Earnings On Tap, Watch These Trade Levels $GM
Tomorrow is a big day for the automobile stocks. Leading auto stocks such as General Motors Co (NYSE:GM), Ford Motor Co (NYSE:F) and Fiat Chrysler Automobiles (NYSE:FCAU) are all scheduled to report earnings tomorrow. General Motors Co (NYSE:GM) is going to be on my radar if the stock declines. Traders should watch the $35.00 area if the stock falls sharply after the announcement. This level is where the stock was defended in March 2018 and should be excellent support if retested.
Nicholas Santiago
InTheMoneyStocks
Halliburton Company $HAL Swing Trade Buy Level
Shares of Halliburton Company (NYSE:HAL) fell sharply on Monday following their latest earnings and guidance. The stock dropped 8% by lunchtime. Just since May, Halliburton is down from $55 to $41.50. This epic fall has come to pass while oil trades near multi-year highs. This is extremely bearish price action. Based on technical analysis, the stock could fall all the way to $38.30 (double bottom) before finding major swing trade buy support. This is where most big-time pros will be looking to buy for a technical bounce.
Gareth Soloway
InTheMoneyStocks
Here Is Where EBAY Gets A Bid
Last week, leading electronic commerce company, ebay inc (NASDAQ:EBAY), dropped sharply after reporting earnings and issuing weaker guidance. Traders should note that the stock actually peaked on February 1, 2018 at $46.99 a share. Since that pivot high in the stock price the shares have plunged and are currently trading a $33.58 a share. EBAY stock is now trading below its important 50 and 200-day moving averages. This chart formation now puts the stock in a weak technical position.
There will be two key support levels for EBAY stock coming up. The first support level will be around the $30.00 area. This is where the 200-week moving average is located. If price comes directly into this moving average it should serve as support when tested. The second major support level f or EBAY stock will be around the $27.50 area. This level is where the stock was defended in November 2016. Often, stocks will find important support when a major pivot area gets retested.
Nicholas Santiago
InTheMoneyStocks
Take-Two Interactive Software $TTWO Nails Key Short Level
Shares of Take-Two Interactive Software (TTWO) were trading below $10/share in 2012 and below $25/share in 2015. The current stock price on Take-Two Interactive is $127/share. In January 2018, Take-Two topped and had a sharp pull back to below $95/share (a 25% correction). Since the bottom in April 2018, the stock has moved higher, now hitting the same pivot high from January. This is known as a double top and a solid risk/reward shorting opportunity for swing traders. Look for Take-Two Interactive to fall from this $127 level at least to $110 in the near-term. The longer term (6+ months) could see this stock dive to $80/share. Take-Two is a dead short to smart traders and investors.
Gareth Soloway
InTheMoneyStocks
Freeport McMoran $FCX Is Sliding, Where's The Trade?
Freeport McMoran Inc (NYSE:FCX) is a leading mining company that focuses on copper, gold and molybdenum. The stock has been falling sharply since mid-April and is now trading around the $15.87 level. Traders should note that the stock is now trading below the 50-day moving average. This puts the stock in a weak technical position on the daily chart which should signal lower prices ahead. The next major support level for FCX stock will be around the $14.50 area. This level is where the 100-week moving average is currently and it should be support when it is retested.
Nicholas Santiago
InTheMoneyStocks
Short Trade: CSX Corp $CSX Hits Major Resistance On Earnings Pop
Shares of transportation company CSX Corp (CSX) jumped over 6% on earnings. However, the move took the stock into an upper-band trend line which has continued to cause pullbacks through the last few years. This implies this upside move in CSX Corp will be short lived and swing traders may actually want to short the stock here at $68.75. The downside target calculation signals a move to $60.00 in the coming months.
Gareth Soloway
InTheMoneyStocks
Major Gold Buy Level Revealed
Gold continues to fall as the U.S. Dollar grinds higher and investors flock to stocks versus the safety of the metal. In addition, it can not be understated how much crypto-currency has taken some of the buyers away from gold. Whatever the reasons, gold continues to tumble, now trading below $1,230/ounce. After analyzing the chart of the gold ETF $GLD, the buy level appears to be $112.50. That signals a drop below $1,200/ounce before the buy becomes a fantastic swing trade play.
Gareth Soloway
InTheMoneyStocks
The Mylan $MYL Chart Pattern Suggests Lower Ahead
Mylan NV (NASDAQ:MYL) is a leading developer of branded and generic drugs. The stock has been slumping since peaking in late January 2018 at $46.72 a share. Since that high pivot, the stock has fallen by more than 10.0 points and is now trading at $36.33 a share. The current daily chart pattern is forming a bearish consolidation pattern which indicates lower share prices ahead. Traders and investors should now watch for major support around the $34.50 area. This support level is where MYL broke out in October 2017 and should be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
Here's The AT&T Level That Every Trader Should Know
Everyone in the trading world is talking about AT&T (NYSE:T) these days. As you all know, the communications giant recently won a case against the DOJ regarding a merger with Time Warner. Since that court ruling the shares have continued to slump. Last week, the DOJ said that they would appeal the court decision.
The truth of the matter is that AT&T (NYSE:T) shares topped out in July 2016 at $43.89 a share. Since that pivot top in the stock price the share has dropped sharply and currently trade at $31.87 a share. Traders and investors should now watch the $29.65 level for support. This important support area is a major retrace level for the stock. Often, major retrace levels will serve as excellent support when retested.
Nicholas Santiago
InTheMoneyStocks
Copper Futures Has Been Melting Lower, Watch This Bounce Level
Copper futures (HG-U18) have been falling sharply lower over the past five weeks. The industrial metal topped out on June 7, 2018 at $3.31. Since that high pivot, copper futures have fallen lower by over 16.0 percent. Today, copper futures are trading around the $2.79 level.
Traders should remember, the strong U.S. Dollar will generally hurt the price of copper and most other commodities. The U.S. Dollar bottomed out earlier this year and continues to remain near nine month highs. The pattern in the $ U.S. Dollar Index (DX-U18) chart is indicating more consolidation near term, so that could be positive for copper very soon.
Traders should watch copper futures (HG-U18) around the $2.62 level. This is where the 200-week moving average is currently at. There is also a lot chart support around this level as this is where copper futures formed a basing pattern back in the first half of 2017. Some major copper equities that could benefit from a bounce are Southern Copper (NYSE:SCCO) and Freeport McMoRan Inc (NYSE:FCX ).
Nicholas Santiago
InTheMoneyStocks
Predicted Oil Collapse Underway...
The commodity oil is going lower, as I predicted a week ago. The $75 level was a major technical resistance point (seen on the chart) spanning back years and common sense told you not only would July 4th mark a high pivot, but President Donald Trump would start ripping OPEC to get oil down into the mid-term elections. Every political party in charge talks oil down into elections to get a few extra votes. This November is one of the most important elections in recent history. These factors all spell major trouble for oil. I have a first support target of $66 in the charts from my short alert at $75.00. The first target is just that, a quick bounce before oil heads even lower into November. The final target into November is $55.00/bbl. See you there!
Gareth Soloway
InTheMoneyStocks
American Airlines Group $AAL Major Target Buy Revealed
Shares of American Airlines Group (AAL) continue to fall lower, along with the rest of the airline sector. Based on pure technical charting analysis, there will be more downside in the coming month. The stock should bottom based on cycle calculations in mid to late August at a price point of $30. Upside off this major buy trigger price is 50%. Big hedge fund managers and the top traders are looking to accumulate a position in this $30 range.
Gareth Soloway
InTheMoneyStocks
Carnival Cruise $CCL Is Sinking, But Watch This Level
Carnival Corporation (NYSE:CCL) has steadily declined since late January when it peaked at $72.70 a share. The stock is now trading below all of its key moving averages which puts the stock a weak technical chart position. The next important support level for CCL stock will be around the $54.00 level. This area is where the 200-week moving average is currently and should serve as support when tested. Pattern will be very important to follow over the next few weeks in this stock. Should there be consolidation above the 200-week moving average then traders will have to look lower for the next major support level. As of this time, the $54.00 level looks like solid for a bounce in the shares.
Nicholas Santiago
InTheMoneyStocks
Watch This Daily Support Level For This Major Retail Stock $DDS
Many of the leading retail stocks have traded sideways for the past several weeks. One particular retail equity that has caught my eye is Dillards Inc (DDS). This retail stock has been pulling back since mid-June. The stock is now trading below its important 20-day moving average which tells me it has lost near term strength and momentum. The next key support area for DDS should be around the $81.00 area. This level is where the stock broke out in late May 2018. Often, when an up-trending stock pulls back into its breakout level it will be defended by the institutional crowd.
Nicholas Santiago
InTheMoneyStocks
Amazon.com $AMZN Trade Setup Alert
Shares of Amazon.com Inc. (AMZN) continue to grind higher. However, unlike stocks like Facebook (FB) and others, it has not made a new all-time high in recent days. In fact, Amazon has a classic bear flag wedge pattern formation on the daily stock chart. This signals a likely sharp drop in the coming month, possibly on an earnings miss. With the chart setup being strongly bearish, there is a classic way to swing trade the stock. Look to short at current levels of $1,730, with a stop on any daily close above the all-time high of $1,763.10. This allows for a tight, less-than 2% stop. The downside reward is fantastic, with the calculated target from the bear flag being $1,520. This is a 12% profit. A risk/reward trade setup like this is what the big players look for when swinging the market. Enjoy!
Gareth Soloway
InTheMoneyStocks
End Of Year Target On Walgreens Boots Alliance
Amazon.com (AMZN) did it again. The online giant bought PillPack and is now headed into pharma distribution online. Shares of Walgreens Boots Alliance (WBA) and other pharmacy plays crumbled. Unfortunately, there is little support in the stock chart of Walgreens until $45.50. I expect this level to be reached by year end at which point I will look to accumulate based on major technical support. Note the chart below.
Gareth Soloway
InTheMoneyStocks
Watch This Medical Device Maker At This Trade Level
Varian Medical Systems, Inc. (NYSE:VAR) is a leading manufacturer of medical devices and software for treating cancer and other medical conditions. The stock topped out on January 26, 2018 at $130.29 a share. Since that high pivot the stock has traded lower in a very choppy fashion. At this time, VAR stock is trading below its daily chart 200-day moving average. This is indicating that there could be more downside in the near term. Traders and investors should now watch the $109.00 area for major support. This level is where the stock broke out of an eight month base. Often, stock will find major support and be defended at prior breakout levels.
Nicholas Santiago
InTheMoneyStocks
FireEye Inc $FEYE Head & Shoulders In Full Motion To This Target
Shares of FireEye Inc (FEYE) continue their collapse after the neck-line of a head and shoulder pattern was violated. The break of a neck-line triggers a head and shoulder pattern, ultimately taking it to its final resting target. In the case of FireEye Inc, the final resting target is calculated out to be $13.50. The stock currently trades at $15.60, so there is still significant downside to go. I will be an interested buyer at $13.50, when the head and shoulder pattern has completed.
Gareth Soloway
InTheMoneyStocks
The Semiconductor ETF $SMH Is Falling And Here Is Where It's Going
Today, the VanEck Vectors Semiconductor ETF (NYSEArca:SMH) is declining lower by 0.52 to $103.17 a share. This important ETF represents the semiconductor sector which is often a leading indicator for the tech heavy NASDAQ Composite. It should be noted that the SMH has lagged the NASDAQ Composite recently and that is generally a bearish indication for the tech sector.
A couple of days ago the SMH tested it's 200-day moving average around the $102.00 level. Should the SMH close below this key support level it would indicate more downside in the near term. The next major support level for the SMH would be around the $95.50 level. This support area is where the SMH pivoted and bottomed on April 25, 2018. This area should still be major support when retested.
Nicholas Santiago
InTheMoneyStocks
This Is Where Smart Money Expects To Buy Bitcoin Investment Trust $GBTC
The ETN Bitcoin Investment Trust (GBTC) have been a favorite of investors as an alternative to buying actual Bitcoin. However, there has been a massive bear market in Bitcoin since the GBTC topped out near $40. Currently trading at $9.40, investors are wondering if the lows are nearly in. The answer is 'NO'. In fact, GBTC just broke below a major support level stretching back to early 2018. This breakdown will yield another major wave of selling, taking GBTC to nearly $5/share. Once there, investors should begin to accumulate. When $GBTC is nearing $5, be ready to hear the panicking, fearful investor and media talking head. This should be taken as a positive and a contrarian indicator.
Gareth Soloway
InTheMoneyStocks
This Is Where You Buy Intel Corp $INTC
Shares of Intel Corp (INTC) continue to collapse lower. Now down over 15% from recent highs, the stock shows no sign of bottoming. Based on pure technical chart analysis, the likely target for a buy is $47.45, the daily 200 moving average. This is where most swing traders will buy, expecting a quick, sharp bounce. Upside bounce target is $50.25 within days.
Gareth Soloway
InTheMoneyStocks
Know The Trade Level For This Major Bank Stock
Most of the leading financial stocks have come under selling pressure since mid-March. The Financial Select Sector SPDR Fund (NYSEArca:XLF) is trading at a five month low and continues to signal weakness in the near term. One particular financial stock that has caught my eye is Bank of America Corp (NYSE:BAC). This leading financial stock peaked out on March 12, 2018 at $33.05 a share. Since that high pivot in the stock the shares have been steadily declining. Today, the stock is trading around $28.40 a share. Traders and investors should watch the $26.75 level for major chart support. This trade area is where the stock broke out in late November 2017. Very often, prior breakout levels will serve as excellent support when retested.
Nicholas Santiago
InTheMoneyStocks
Alert: Semiconductor ETF $SMH Could Fall To $75
The Semiconductor ETF $SMH may fall to $75 per share. This is shocking to most as the current price of the SMH is $107.75. However, a head and shoulder pattern is forming which is extremely negative for the semiconductors. Should the $SMH break the neck-line at $97.50, the calculated collapse target is $75. This would be a drop of over 30% from the current levels. This is a pattern all investors should keep on their radar because of what it means for the macro markets. If the semi's drop this much, you can bet the NASDAQ and S&P are in freefall as well. Again, please note this pattern has not triggered, but if it does, make sure YOU understand the repercussions...
Gareth Soloway
InTheMoneyStocks
Starbucks Gets Roasted, Now Watch This Gann Trade Level
Yesterday, Starbucks Corporation (NASDAQ:SBUX) sold off after announcing it will be scaling back store growth and closing under performing urban locations. On June 19, 2018 SBUX stock closed at $57.43 a share, today the stock is trading at $51.00 a share. Very often, when a stock plunges in this type of chart formation it will signal lower prices ahead before a solid bottom is found. The retail coffee giant is now trading below its important 50-week moving average, this is also a sign of weakness. Traders must now watch the $48.00 as the next major support area for the stock. This level is an important Gann number and should be defended when tested.
Nicholas Santiago
InTheMoneyStocks
Oracle $ORCL Stock Gets Slammed, Know This Trade Level
This morning, shares of Oracle Corp (NASDAQ:ORCL) are falling lower by more than 7.0 percent to $42.87 a share. The decline comes as the business software giant gave an outlook below forecast. The stock is now nearing its 200-week moving average which should serve as short term support. A close below this key area will likely indicate another move lower for the stock. The next major support level for ORCL will be around the $40.00 level. This is where the stock broke out in February 2017. Very often, when a stock retests a prior breakout level it will be defended by the institutional money. ORCL will be on my radar around this key support area.
Nicholas Santiago
InTheMoneyStocks
Breakout Alert: Celgene $CELG
Shares of Celgene Corp (CELG) are beginning to breakout on the daily stock chart. This pattern setup is fantastic as money is beginning to flow from over-bought sectors to under-bought sectors. In a market priced to perfection, the biotechnology stocks have drastically lagged. Their valuations are extremely attractive compared to an Amazon (AMZN) and Netflix (NFLX). The Celgene stock chart has formed a beautiful bull flag just off the 52 week lows. Today, the breakout is beginning as the stock is up over 2% and cracking the upper band trend line. Look for an upside target of $86 in the near-term.
Gareth Soloway
InTheMoneyStocks
Trade War: Boeing Co $BA Target Price
Shares of Boeing Co (NYSE: BA) will likely remain weak as a trade war with China escalates. The likely downside target is $310.00. This is the major pivot low from May/April and the daily 200 moving average. Once there, look for a strong bounce.
Gareth Soloway
InTheMoneyStocks
Know This Trade Level For This Major Defense Stock
Most of the leading defense stocks topped out in late April 2018. Since that pivot top, many of the leading stocks in the defense sector have declined by 10.0 percent or more. Raytheon Co (NYSE:RTN) is a stock that has now caught my eye. This stock is now testing its 200-day moving average. A failure to hold this key support level should signal another decline in the stock. The next major support area that will come into play will be around the $188.00 level. This is where RTN stock broke out of a sideways base in January 2018. A retest of this important level will likely be defended by the institutional money crowd. This is where I would look to enter a long position in the name. Some other leading defense companies that I follow include Lockheed Martin Corp(NYSE:LMT), General Dynamics Corp (NYSE:GD) and Northrop Grumman Corp (NOC:NYSE). These defense stocks are also on my radar for trading opportunities.
Nicholas Santiago
InTheMoneyStocks
Casino stocks are down today.
$WYNN, $LVS & $MGM are all negative. Watch intra-day support for $WYNN @ $168.25 - Nick
Tesla $TSLA Now Headed For $390 Target
Shares of Tesla (TSLA) are back in style as the stock continues to surge towards its target of $390. It seems as though Elon Musk has regained his mental clarity and is leading the company forward. Investors believe the production targets will be met and all is good in Tesla world. If the stock continues to surge higher, I expect $390 to be hit and crossed. I have a short trade setup at $405.
Gareth Soloway
InTheMoneyStocks
Verizon Remains Weak On The Charts, Know This Trade Level
Verizon Communications Inc (NYSE:VZ) has been falling lower over the past week. Many traders and investors are now expecting Verizon to get into the acquisition game since AT&T Inc (NYSE:T) and Time Warner Inc (NYSE:TWX) received approval to merge. Either way, the charts are telling me the stock should continue to trade lower in the near term. The $45.00 area is where there should be major chart support when tested. This important support area is where the stock was defended multiple times in 2017 and will likely be defended again.
Nicholas Santiago
InTheMoneyStocks
Best Risk vs. Reward Short Trade Setup On Alphabet $GOOGL
Shares of Alphabet (GOOGL) are surging again as best of breed technology stocks are the 'in' thing. Every investor wants some, no matter the price. I am sitting back, allowing the average investor to pile in until Alphabet hits $1,181.50. Why this level? It offers the best technical setup trade short, with the smallest risk to biggest reward. Let me explain... The $1,181.50 level is a major gap fill, unfilled at this point. In addition, it is within 1% of the all-time high which is also a double top. This gives added resistance and adds to the short trade chance of success. Now that we have a technical trade level, let's look at the risk versus reward. First, the reward would be a fall with days to $1,120, with a second target over the following month to $1,000. The risk to the trade is tiny as any confirmation above the all-time high of $1,198 would stop you out. So in reality, the reward is $61 - $180 while the risk is a tiny $16.50. That is the type of trade worth taking in my humble opinion.
Gareth Soloway
InTheMoneyStocks
Mylan Drops After FDA Finds Deficiencies In Its Version of Advair, Watch This Level
Shares of the pharmaceutical giant, Mylan NV (NASDAQ:MYL), are falling by nearly 5.0 percent to $39.70 a share. The sharp decline in the stock comes after the FDA said that it found minor deficiencies in Mylan's generic version of Advair. Today, the stock is fighting to stay above its important 50 and 200-day moving averages. A close below these key support levels will signal further downside in the stock price. Either way, should the stock decline further from current levels the next major support area would be around the $35.00 area. This is where the stock broke out on early May 2018 and should be defended by the institutional crowd if retested.
Nicholas Santiago
InTheMoneyStocks
Natural Gas Begins To Breakout $UNG
The commodity natural gas just broke out of a consolidation triangle. Natural gas storage is at a multi-year low in the United States and while oil is near multi-year highs, natural gas is just coming off multi-year lows. This recipe sets the stage for a solid surge in natural gas. Look for natural gas to trade up 20% in the coming months, realigning itself with the move in oil.
Gareth Soloway
InTheMoneyStocks
Honda Motor Co Ltd ADR $HMC Is On My Radar
Honda Motor Co Ltd ADR(NYSE:HMC) is a leading Japanese manufacturer of automobiles, motorcycles and power products, including general-purpose engines, generators, water pumps, lawn mowers, riding mowers, grass cutters, brush cutters, tillers and snow blowers. The stock topped out in February 2018 at $37.29 a share. Since that high pivot, the stock has declined. Today, HMC stock is trading around $32.36 a share. Traders should note, HMC stock is trading below it's important 50 and 200-day moving averages. This formation puts the stock in a weak technical position on the charts. Traders must now look lower for major support. The next important support level for HMC stock should be around the $30.50 level. This is a major retrace level and also an area where the stock broke out in October 2017. Often, this level will be defended by the institutional crowd when tested.
Nicholas Santiago
InTheMoneyStocks
Procter & Gamble Co $PG Nearing Gap Fill
Procter & Gamble Co (PG) continues to push higher as shorts cover and money flows to safer, high-dividend plays. With a move from under $71, Procter & Gamble hovers above $77.50. However, investors should be aware of a major gap fill resistance level coming into play at $78.20. Once hit, expect Procter & Gamble to pull back to $75.50 as consolidation takes hold. Only then should investors think about buying the stock for the next leg up.
Nicholas Santiago
InTheMoneyStocks