Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Know The Buy Level For This Leading Auto Parts Maker
Tenneco Inc (NYSE:TEN) is a leading auto parts manufacturer that has been pulling back over the past couple of months. The stock price peaked out on February 7th at $70.96 a share. Currently, Tenneco Inc (NYSE:TEN) stock is trading around $58.68 a share.
While many traders and investors will see this stock as a bargain the stock could still be susceptible to further downside in the near term. Traders should watch the $55.00 area as excellent chart support. This is where the 50-week moving average is currently at on the chart. It is also where the stock based sideways before breaking out to the upside in November 2016. This chart formation tells us that the $55.00 area is the institutional buy level for Tenneco stock.
Chart: http://www.inthemoneystocks.com/images/TEN%204.10.17.png
Nicholas Santiago
InTheMoneyStocks
Boeing Co (BA): Next Leg Takes It Down To This Price, I Am Short
Shares of Boeing Co (NYSE:BA) have a fantastic bear flag on the daily chart. This alerts investors to massive distribution (institutional selling) into dumb funds/average investor buying. That is why the angle of the bounce over the last week is so flat. Essentially, all the buying is being met with smart, big money selling. Whatever explanation you wish, the point is Boeing Co is going lower and fast. While there will be some bounces along the way, the ultimate downside target is $160.00. This means there is still over $17 in downside to come.
I am short and loving the bearish chart pattern setup. I will cover at $160.00. Note the chart below...
Chart: http://www.inthemoneystocks.com/images/bryan/BA%2004.06.2017(1).PNG
Gareth Soloway
InTheMoneyStocks
Are General Motors & Ford Driving In Reverse?
Many of the leading automotive stocks have been declining lately on the back of very poor auto sales data. Car manufacturers, auto dealers, and auto part maker stocks have seen strong selling pressure since February. Last week, the credit rating agency Moody's also warned that weak U.S. auto sales could pose significant credit risk to the auto lenders. All of this news is weighing on the entire auto sector at this time.
Two of the leading U.S. car manufacturers that have declined sharply are General Motors Company (NYSE:GM), and Ford Motor Company (NYSE:F). It should be noted that General Motors (NYSE:GM) and Ford Motor Co (NYSE:F) stocks are now trading below its important 50-day moving average. This now puts these two leading auto stocks in a weak technical chart position. The good news for these stocks is that there are some solid institutional support levels just a bit lower than the current stock price. Traders should now watch the $32.00 level as major support for General Motors. This should be a solid bounce area for this stock. Ford Motor Co will have institutional support around the $10.35 level.
Chart: http://www.inthemoneystocks.com/images/GM%204.6.17.png
Nicholas Santiago
InTheMoneyStocks
This Is Why I Am Short Oil Today
I am short oil. I did this simply because the chart dictated that message via multiple indicators, as follow...
First, prior to the recent collapse just weeks ago, crude oil was trading in a range of $55 as a high, down to $52 lows. After oil collapsed to $46, we have seen a technical bounce that touched the $52 today. This is major resistance because it is the former low end of the range.
The next factor is found on the USO, the ETF that tracks oil. Today it tagged the daily 200 moving average after a massive bounce run. In addition, the daily 50 moving average sits just pennies above. This signals a pull back, thus another signal to short.
Lastly, oil inventories continue to build. The U.S. is producing more and more oil, killing any price pressure from OPEC's production cuts. Oil above $50 will only increase U.S production. I expect another leg lower on oil in the coming weeks to $40.00. I am short and enjoying the small risk to big reward.
Chart: http://www.inthemoneystocks.com/images/bryan/USO%2004.05.2017.PNG
Gareth Soloway
InTheMoneyStocks
Bond Yields On The Verge Of A Break-Out
Many of the talking heads in financial media continue to say that yields on the 10-year U.S. Treasury Note ($TNX) cannot and will not trade above the 2.60 percent level. It should be noted that the 2.60 percent level has been resistance since December 2016. The support level on the yield chart since that time has been 2.30 percent. Currently, the 10-year U.S. Treasury Note yield is hovering around 2.37 percent level. Many traders and investors are thinking that yields are going to fall further, but all that's happening on the chart is long term consolidation. The high range of the chart consolidation range is 2.60 percent and the low end of the range is 2.30 percent..
If traders look at a monthly yield chart they will see a nice tight consolidation pattern. Should this pattern on the monthly chart play out as expected it signals a move in the 10-year U.S. Treasury Note yield to around 2.82% and possibly higher. The same pattern is also forming on the 30-year U.S. Treasury Note yield ($TYX). This monthly chart pattern signals a move to the 3.43 percent level and possibly more. The bottom line is that yields are poised to move higher very soon.
There are a few ways to play bond yields as a stock trader. One way to trade the 10-year U.S. Treasury Note yield is to play the ProShares UltraShort 7-10 Year Treasury (NYSEARCA:PST). This ETF will track the yield chart on the 10-Year Treasury. If traders are looking to trade the 30-year U.S. Treasury Note yield they can play the ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT).
Chart: http://www.inthemoneystocks.com/images/tnx%20yield%204.5.17.png
Nicholas Santiago
InTheMoneyStocks
See Why Catalyst Biosciences (CBIO) Is A Traders Dream Strong Buy
Shares of Catalyst Biosciences Inc (NASDAQ:CBIO) surged from $5.00 to near $19.00 in one trading day. This happened after the company announced exciting new drug developments, especially for a company with a current market cap of $8 million. This micro sized biotech allows for these crazy runs and pull backs. The key for a trader is timing the buying levels with technical chart levels. This brings me to why at current price points, I strongly favor Catalyst Biosciences...
The stock has fallen from $19 over the last five trading days to $8. This $8 level happens to coincide with the gap window (the price the stock gapped higher by on the drug news). In technical analysis, this is a firm support level. In addition, right below lies the daily 20 and 50 moving averages, also big support levels. In addition, within days the stock will hit a master time count, a key factor known in proprietary price, pattern and time analysis sectors to cause a huge move. There are tons of average investors waiting to chase when the next pop happens. It likely is within a day or two and right around this price point. I am a buyer, looking for a pop to $10.50, maybe higher. Remember, micro cap stocks like this carry a ton of risk so if you decide to buy, go super light on shares.
Gareth Soloway
InTheMoneyStocks
Alcoa Corp Continues Surge, Here Is How You Calculate The Exact Target $AA
More talk of imposing a tariff on China metal imports sent Alcoa Corp (NYSE:AA) soaring. The stock is becoming a favorite recipient for Donald Trump's rhetoric on trade tariffs. As the stock surges higher, calculating the final target becomes extremely important both for investors holding the stock long and investors looking to short it. To calculate this target, investors need to note the perfect measured move in progress. Notice on the stock chart below how the first move up was $12, from $20 to $32. Then note the perfect bullish consolidation sideways, prior to the breakout. To figure out the target, simply take that same $12 move and add it to the low of the current surge. The low is $28, so adding $12 gives you a final target of $40. In other words, Alcoa Corp still has another $5 of upside before it slams into mega resistance and becomes a short trade. Long investors can enjoy the ride for another 15% upside.
Gareth Soloway
InTheMoneySTocks
Bullish Retrace Complete: Here Is The Chipotle Mexican Grill (CMG) Profit Target
After recently breaking out (I caught that trade perfectly), Chipotle Mexican Grill, Inc. (NYSE:CMG) has slowly pulled back to what we call the 'scene of the crime'. The 'scene of the crime' is a retrace back to the breakout level. Think of it as a digestion of the breakout. Once the move been digested, the stock can surge dramatically higher again. This is exactly what has played out on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG). It broke out above a major resistance trend line, retraced back to the breakout line, and is now starting its move to the upside. The big difference this time? It should surge dramatically higher to $550.00 as a target. That is a huge upside move.
Gareth Soloway
InTheMoneyStocks
Bearish Head And Shoulder Break Down On NVIDIA Corp (NVDA)
I came across a stock chart pattern break down in progress and wanted to alert other investors and traders. The stock is NVIDIA Corporation (NASDAQ:NVDA) and the pattern is a bearish head and shoulder pattern. The stock chart has already broken the neck-line, signaling a start to the collapse to its calculated target of $94.00. NVIDIA Corp was recently as high as $120.00 before reversing substantially. There are still a ton of investors and funds caught on the long side. These need to be flushed out before a bottom can be made. Note the stock chart below of NVIDIA Corporation. Note the chart below...
Chart: http://www.inthemoneystocks.com/images/bryan/NVDA%2001.17.2017(1).png
Gareth Soloway
InTheMoneyStocks
Check Out This Sleeper Stock With 50-100% Upside
Shares of Fitbit Inc (NYSE:FIT) are still hovering near their all-time lows. Trading at $7.37, the stock is extremely attractive to a takeover from any bigger player looking to up their game in fitness tracking. This could be an Apple Inc or another big player. Fitbit Inc is profitable and trading at a P/E of just 17. For reference, the S&P 500 P/E is close to 30. Analysts in recent months have stated that Fitbit Inc is still the leader in wearable fitness tracking, thus making them an attractive buyout target. I am a buyer here, looking for significant upside.
Chart: http://www.inthemoneystocks.com/images/bryan/FIT%2001.12.17.png
Gareth Soloway
InTheMoneyStocks
Urgent: These Signals Tell Investors To Sell $AMD Now
Investors should expect major downside on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the coming weeks. Just days ago, the stock had a huge bearish engulfing reversal candle at multi-year highs. Following that reversal, Advanced Micro Devices has put in a classic bear flag stock chart setup. This is days away from its next leg lower. The ultimate downside target is $9.15. This is a high reward, low risk setup. The stop can simply be any daily stock close above the 52 week high of $12.42. This gives double the reward on a short versus the risk.
Chart: http://www.inthemoneystocks.com/images/bryan/AMD%2001.10.2017.png
Gareth Soloway
InTheMoneyStocks
Natural gas is taking another beating today, dropping by over 5%. As it comes crashing down, many investors have asked me where I would buy the commodity. More specifically the UGAZ, the 3X Long Natural Gas ETF. When it comes to finding major support, I always look at the single ETF. This is because it does not lose such massive value over a small period.
As everyone should know, all triple and double ETF's always head to zero quickly. They are only short term trades. For natural gas, I analyzed the United States Natural Gas Fund, LP (NYSEARCA:UNG). It is trading at $7.80 but does not have major support until it gets into the $7.00 to $7.15 range. Once the UNG gets to this range I will be a buyer of the UGAZ, expecting a sharp bounce and able to multiple my gains 3X. This will be a quick bounce and not something you want to marry for months.
Chart: http://www.inthemoneystocks.com/images/bryan/UNG%201.09.2017.png
Gareth Soloway
InTheMoneyStocks
Holy $Hit: This Chart Will Make You Freak Out And Rethink Everything
I spend a majority of every waking hour studying the stock charts. I came across this insanity just by being curious. This makes me fear for 2017 and the next few years. I expect the next major stock market collapse to begin in 2017. Let me explain, basically, if you take the late 1990's tech bubble move on the $SPY and add it to the 2003-2007 real estate bubble move in the $SPY you get a total net move of $163.25. Now speed ahead to the 2009 lows in the $SPY. From the 2009 lows to current highs, the $SPY has moved $161.00 points. If my calculations are correct, the $SPY will likely top out into the end of 2016 by moving up another $2.25. This would mean the tech bubble move + the real estate bubble would equal the exact move from 2009 to the coming highs on the $SPY at $231.00. This tells of a dark scary collapse coming with a downside target of $156-$157.50. I am extremely bearish for 2017.
Chart: https://verifiedinvesting.com/uploads/files/SPY12.20.16.png
Gareth Soloway
InTheMoneyStocks
Twilio Inc ($TWLO) Lockup Expiration Ends, I Am A Buyer Here
As of tomorrow, the lockup on shares of Twilio Inc (NYSE:TWLO) expires. While most investors would think this could trigger a ton of selling, they are wrong. At the current price, almost no insiders will be enticed to sell shares. The stock is trading below $29, a far cry from its $70 price of just months ago. Believe it or not, the big drop on this stock is not unusual coming into a lockup expiration. In fact, it is common. And history shows us that while every investor thinks there will be tons of selling, it is actually the opposite.
Once the lockup expiration passes and catastrophe does not occur, investors usually buy heavily and more importantly, cover shorts. This tells me to buy Twilio Inc tomorrow on the expiration fear. With any luck, it will reach my entry price of a stock chart gap fill at $27.35.
Chart: http://www.inthemoneystocks.com/images/bryan/TWLO%2012.19.16.png
Gareth Soloway
InTheMoneyStocks
Bond Yields Send Shock Waves Into The Market
This morning, the yield on the 10-year U.S. Treasury Note is breaking out to new highs. The yield on the 10-year note is trading higher by 7.1 basis points to 1.861%. Yes folks, this means that bond prices are falling sharply when yields rise. The chart pattern on the 10-year note yield is signaling a move to the 1.92 percent level, so there is more upside in the cards. It should be noted that the 10-year note yield affects mortgages and most other loans.
Chart: http://www.inthemoneystocks.com/images/tnx%20yield%2010.27.16.png
Nick Santiago
InTheMoneyStocks
Disk Drive Stocks Dive After Seagate Earnings
This morning, leading data storage and disk drive maker Seagate Technologies PLC (NASDAQ:STX) reported earnings. Today, the stock is trading lower by $1.46 to $33.88 a share. STX stock is now trading down to its recent daily chart double bottom from October 13th, 2016. This level seems to be holding as support so far today. Should this support level break the next near term support level for STX stock will be around the $31.34 level. Western Digital Corp(NASDAQ:WDC) is another leading stock in the disk drive sector that is trading lower in sympathy to STX today.
Nick Santiago
InTheMoneyStocks
IBM Trades Down To Major Support Level
Last night, leading tech stock International Business Machines Corp.(NYSE:IBM) reported earnings. The market reaction to the earnings report has been negative as IBM is trading lower by $5.76 to $149.00 a share. It should be noted that IBM stock traded down to the daily chart 200-day moving average and the stock has bounce off of that level intra-day. Should IBM trade below that level today the next major support levels will be around the $146.59 level.
Nick Santiago
InTheMoneyStocks
This Stock May Need More Than All Day Breakfast
The stock chart of McDonald's Corporation(NYSE:MCD) has been very week as of late. MCD stock continues to trade below its 200 and 50 day moving averages. This formation puts the stock in a weak technical position. The next solid chart support level for MCD stock looks to be around the $110.00 area. Traders should note that McDonalds Corp will report earnings on October 21st before the opening bell.
Nick Santiago
InTheMoneyStocks
Chart Level Alert: U.S. Steel Corp (X) Flying High!
United States Steel Corporation (NYSE:X) reported earnings this morning. The stock has soared, making new 52 week highs.
** Where is X heading and what caused the pop?
Earnings were solid but this run higher is more based on short covering than positive results. This tells us the pop in the stock price will run out of steam. The question is, at what price level? The price level to watch is quickly approaching based off a beautiful trend line seen in the chart below. Look for a max move of $23.50 on U.S. Steel before a pull back begins.
Chart: https://verifiedinvesting.com/uploads/files/X07.26.16.JPG
U.S. Steel is popping on earnings and short covering. The stock is nearing resistance on the chart.
Gareth Soloway
InTheMoneyStocks.com
Don't Just Eat Corn, Trade It $CORN (Upside Alert)
Teucrium Corn Fund (NYSEARCA:CORN) is the ETF that tracks the commodity CORN. This jumped on my radar on Friday because of the oversold chart put in a reversal signal known as a bottoming tail. Bottoming tails are candles on the chart that are important when they occur at multi month lows. This is the case on CORN. When this occurs, the odds heavily favor a move to the upside.
Note the chart below. Upside is likely to $21.50 in the next month or two.
Chart: https://verifiedinvesting.com/uploads/files/CORN07.25.16.JPG
The ETF for the commodity CORN put in a bottoming tail, which signals price reversal
Gareth Soloway
InTheMoneyStocks.com
Silver ($SLV) Collapsing, This Is How To Profit From It. Note The Chart...
Silver is taking a beating in early trading today. The ETF iShares Silver Trust (NYSEARCA:SLV) is dropping by over 2%. Investors are wondering where it will find significant support? The chart below shows it perfectly, with a gap fill and up-sloping trend line meeting perfectly at $17.85. Look for the SLV to head there before it finds major support and bounces.
Chart: https://verifiedinvesting.com/uploads/files/SLV07.20.16.JPG
Gareth Soloway
InTheMoneyStocks
$IBM Major Trend Line Alert: Could Get Ugly!
International Business Machines Corp. (NYSE:IBM) was looking higher after reporting earnings. However, that all changed once the stock market opened. The stock has started to roll over. If IBM breaks the key trend line shown in the chart below, it could get very ugly to the downside. Watch it close and trade it wisely...
Chart: https://verifiedinvesting.com/uploads/files/IBM07.19.16.JPG
Gareth Soloway
InTheMoneyStocks
The Is How You Trade The $NFLX Earnings
Netflix, Inc. (NASDAQ:NFLX) fell sharply after-hours on earnings results. While they beat earnings expectations, domestic subscriber growth stalled dramatically. The stock dropped to $85.90 -12.91 (-13.07%) after-hours.
Tomorrow (Tuesday) investors are going to be asking where they should buy it? The chart clearly shows the answer below and it is not for a while. The technical level where the stock should officially bottom is $69.00. At this level, the risk/reward finally becomes strongly in favor of upside again. Until then, it is a high risk stock with further potential downside.
NFLX dropped sharply on earnings. Look for key support at $69.00 per share
Gareth Soloway
InTheMoneyStocks.com
Traders Take Note: This Is Where $GDX Will Collapse, And It Is Coming Soon
Gold miners have soared in 2016, far outpacing the price of gold. Gold has rallied approximately 25% in 2016 while the gold miner ETF GDX is up 150%. This huge disparity definitely tells smart investors that these stocks (gold miner ETF) will drop back to reality. However, the question is when?
Based on technical support levels, the key is a break of $29.40 on the daily chart of Market Vectors Gold Miners ETF (NYSEARCA:GDX). A daily close below $29.40 would trigger a massive sell, bringing the GDX to $27.70. This is a fantastic opportunity for traders willing to be short gold miners that also have the patience to wait for this break down.
Note the chart below to see the trend line that will dictate the major break lower...
Gold miner ETF GDX is nearing a major break down on the stock chart
Chart: https://verifiedinvesting.com/uploads/files/GDX07.19.2016.JPG
Gareth Soloway
InTheMoneyStocks.com
Amazon, Inc. (NASDAQ:AMZN) is putting in the sell signal of the year. This stock has been a one way freight train, but that is about to reverse hard. Take a look at the price action in 2016. The stock is up from $475 per shares to a high yesterday of $757 per share. Just in 2016 that is a gain of almost 60%. The overbought nature of this stock is only a minor part of why it is going to be a huge sell with a target of $600. The main factor has to do with the sell signal seen on the chart in the last 24 hours. The stock rallied in the past week into Prime Day (a made up shopping holiday). Yesterday, the stock sold off on rumors that sales were not going to meet expectations. However, today good news on sales popped it back up...for a short while.
This good news failed to keep the stock up, let alone take out yesterdays highs. The fact that yesterdays highs did not get breached is a sell signal of epic proportion on a stock up 60% in 2016. Investors with a technical analysis background are rushing to sell or short. If the key up-sloping trend line is broken to the downside (seen in the chart below), Amazon has little to no support until $600 (a key gap fill). This might be one of the best shorts in the stock market for the second half of 2016. You heard it here first.
Amazon.com sell signal alert based on the stock chart and price action
Chart: https://verifiedinvesting.com/uploads/files/AMZN07.13.16.JPG
Gareth Soloway
InTheMoneyStocks
Goldman Sachs Group Inc (NYSE:GS) has ripped higher for five straight days. Amateur investors are starting to buy in, but smart money is selling. Why? Because the GS chart is near term extended and approaching a major technical chart level known as gap fill. On the chart below you can see this clearly shown.
The potential short trade will only be initiated IF GS hits gap fill at $159.40 in the next two days (by Thursday, July 14th 2016). This is known as a swing trade, meaning you look for a quick sharp pull back over the course of one week, then take profits. The pull back could potentially take you to a target of $149.75. That would be an approximate $10 profit on Goldman Sachs in a week if this trade plays out correctly.
Goldman Sachs is nearing major resistance on the stock chart
Gareth Soloway
InTheMoneyStocks.com
$AAPL Will Run Up Over 10% Into Or On Earnings. This is why...
The investment world has thrown the baby out with the iPhone. As much as a fan favorite Apple Inc. (NASDAQ:AAPL) was, it is now hated on by nearly every investor. Institutions and investment kings like Carl Icahn have dumped their positions, hundreds-of-millions of shares sold. The stock currently trades at $95.32, +0.33 (+0.34%), down from a 52 week high of near $135.00. This is a whopping 30% fall for a company that sits on an epic cash pile and pays a solid $2+ dividend per year. With an over 2% yield in an environment that has seen the 10 yr yield slump below 1.4%, Apple should not be ignored.
It may not be the flashy growth stock it once was, but it is a company that will continue to pay you. At current valuations, it is probably one of the smartest stocks to hold with the Brexit uncertainty shaking the stock market. In addition to the valuation and dividend yield being attractive, the daily chart is compelling. Note below the down-sloping trend line that hovers at $104. There is also a major gap fill there. The stock is heading there like a magnet drawn to metal. Also, note the recent higher low put in. That is a very bullish chart. Lastly, the negative investor outlook is probably one of the brightest things for the company. Finally the expectations are at rock bottom after years of being sky high. This will set the company up to easily outperform expectations.
The stock chart of Apple Inc. is going to jump 10% in the next few weeks
Chart: https://verifiedinvesting.com/uploads/files/AAPL07.06.16.JPG
Gareth Soloway
InTheMoneyStocks
This Signals The End Of Central Banks: Epic Warning Shot
Gold and silver have spiked dramatically higher in 2016. Just in the last week we have seen silver squeeze higher by 20%. It is extremely rare to see both gold and silver surging together. Why? The basics of it revolve around gold being a store of safety, while silver is mainly an industrial metal. The idea being, if there is panic gold surges but usually silver stalls or falls because the panic is due to something economic. Negative economic issues can hurt demand for silver.
This mega spike price action on gold and silver tells of something absolutely scary. It screams to the world that investors have lost all confidence in the central banks. Whether it is the Bank of England, European Central Bank, Bank of Japan or the Federal Reserve, currencies are looked at as being far too risky. Remember, interest rates in Japan and some places in Europe are now negative. It is not normal to pay a bank to hold your money. Central banks have created this artificially. Investors now prefer to hold gold, which is normal in fearful times...but also silver. That is the more shocking part. Central bank printing presses and monetary policy have gotten so out of control that investors are willing to buy anything but currencies. Look at the price of Bitcoin as well. It is up over 200% in 2016. Again, Bitcoin (BTC) is something the central banks around the globe have no power over. It cannot be printed at will.
Keep an eye on other metals to see if they start getting the same play. An even more economic dependent metal is Copper. If gold and silver continue higher, look to buy Copper. This could be the next store of safety from the out of control central banks. Pretty scary for investors if you hold lots of Dollars, Yen, Euro or Pound. Diversifying into other assets that cannot be printed is extremely important in this day and age.
The end game is simple yet horrifying. There will be another epic global collapse, far worse than the financial catastrophe in 2008-2009. It will spur a global depression. All of it caused by central bank policy. As the world emerges, the central banks will be dissolved. You read it here first. This will happen in the next 10 years.
Silver chart showing the massive price spike higher recently
Gareth Soloway
InTheMoneyStocks.com
Major Trouble For This Stock Ahead: Wal-Mart Stores, Inc.
If you ever wanted to bet against Wal-Mart Stores, Inc. (NYSE:WMT), this may be the time. The stock has risen from the depths of the underworld to gain 30% since October 2015. But it may have shot its gun and be out of bullets. The Wal-Mart stock chart is scary because it is hitting the biggest resistance level ever seen by the naked eye. If the stock does not pull back from the $73.50 level in the next month I will be shocked.
Look at the chart below. Not only is it slamming into a pivot consolidation high from July 2015, but go back further, you will see it hitting previous lows from August and October 2014. The two ways to play this would be the classic sell-short or buy puts. If you choose puts, look to grab at least 3 months out to give yourself time. The stock should pull back to $67-68.
Wal-Mart is slamming into an epic trend line stretching back to 2014. Expect a pull back on the stock.
Chart: https://verifiedinvesting.com/uploads/files/WMT07.05.16.JPG
Gareth Soloway
InTheMoneyStocks.com
This Is A Major Concern For Investors $IBB
The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) has bounced beautifully off of double bottom support at $240 on the daily chart. Today it traded as high as $254.70, just two days after hitting $240.00.
Investors are wondering if it is safe to buy the $IBB? The short answer is... no. This is why...
There is a major concern on the daily chart of the biotech ETF IBB. Notice the confirmed break down that took place when the IBB broke through the upsloping trend line. Once confirmed, a retrace into that trend line (like we are seeing today) is almost always a heavy shorting opportunity. That means the IBB may fall sharply as early as next week. If the IBB is falling hard, you can bet the market is dropping sharply. This should be a major concern to not only biotech investors but all investors in the stock market. Note the chart below...
Chart: https://verifiedinvesting.com/uploads/files/IBB06.29.2016.JPG
This Bounce Has Serious Legs: $AMGN
Over the course of June, Amgen, Inc. (NASDAQ:AMGN) fell nearly every day. The stock traded as high as $161.00 in early June before falling to a low yesterday of $144.00. This was a 10.55% drop. For a stock this big, that is an epic fall for a one month period.
While many investors are scared to go near Amgen, the best time to buy is where there is blood in the street. The key is finding a legitimate reason. The reason comes to the forefront when looking at the chart below. There is a major trend line tagged yesterday. The stock is already bouncing 1.58% today, but has more room to run. An upside bounce in a week or two will likely net a move to $152.25.
Gareth Soloway
InTheMoneyStocks
S&P 500: Look At This Chart Now!
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is taking a huge beating for the second trading day in a row. The reason? The UK voted to leave the European Union. The term everyone has heard is Brexit.
As the markets collapse, smart investors and traders are watching master levels for potential bounces. Catching a bounce level can literally mean thousands in profits in a day or two. Below are the key institutional master support levels. Use them to your advantage. Note the chart...
Chart https://verifiedinvesting.com/uploads/files/SPY06.27.2016.JPG
Trade Tesla Motors (TSLA) For Profit: This Is How...
Tesla Motors Inc (NASDAQ:TSLA) is nearing a significant support level. It has fallen sharply over the last week after Elon Musk made a shady bid for solar play SolarCity Corp (NASDAQ:SCTY). While the deal likely will not be approved, it was definitely an error in judgement by Musk. With a huge financial stake in SolarCity, and his cousin running it, regulators will be looking very closely at the legalities to see if Musk broke any laws. In addition, the stock market collapse on the Brexit vote continued to add to the stock pain.
Tesla Motors fell from $220 to $190 in the last week. There is major support level coming into play at $178.00. TSLA will likely bounce off that level. This is a classic swing trade alert level. The bounce would likely last for at least a week and potential bounce back to $205.00.
Huge Buy Signal: Whole Foods Market, Inc.
Whole Foods Market, Inc. (NASDAQ:WFM) opened above two major trendlines today, confirming a breakout. The stock has been under heavy pressure after the FDA found some violations at one of their food processing plants.
The stock has seen a drastic decline but now appears to be turning the corner. Note the two down-sloping trendlines on the chart below and how price opened above them for the first time in recent history. This could spell a sharp move higher in the coming days. Potential upside on the stock in the next week is to $32.50.
Chart: https://verifiedinvesting.com/uploads/files/WFM06.23.2016.JPG
Gareth Soloway
InTheMoneyStocks
Goldman Sachs Pulls Back, Watch This Intra-day Support Level
Today, most of the leading financial stocks are coming under selling pressure. One of the market leading financial stocks that are falling lower is Goldman Sachs Group Inc (NYSE:GS). GS stock is trading lower by $1.17 to 162.74 a share. Day traders should watch the $161.58 area for intra-day support on GS stock. This is a level where the stock could stage an intra-day bounce.
Nicholas Santiago
InTheMoneyStocks
Are The Transports Telling Us Something?
Today, the highly followed Dow Jones Transportation Average (DJT) is coming under pressure again. This leading stock index has declined sharply since August 21, 2012 when it was trading above the 5200.00 level. This morning, the DJT is lower by $45.25 to $4961.92. It is important to note that while this index has been very weak it is short term oversold and bounces can still occur. Many traders and investors will usually view the transports as a leading growth index. Therefore, if the transport index declines it is usually viewed as economic weakness and contraction by many investors. Traders that do not have a chart of the Dow Jones Transportation Average can use a chart of the iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT). Today, the IYT is declining lower by 0.85 cents to $88.47 a share. Short term traders can watch for intra-day support around the $88.25, and $87.75 levels. ...Continue reading here: http://bit.ly/PFYpZ6
Integrated Energy Stocks Running Out Of Steam
This morning, most of the leading energy stocks are coming under some early selling pressure. Traders and investors will usually follow this industry group very closely since the energy sector is roughly 16.0 percent of the S&P 500 Index. Exxon Mobil Corp (NYSE:XOM) is considered to be the leading energy stock in the market. XOM stock also has the second largest market capitalization behind Apple Inc (NASDAQ:AAPL) which can move markets. Today, XOM stock is trading lower by 0.41 cents to $87.49 a share. Short term traders should watch for intra-day support around the $87.35 and $86.90 levels. ...Continue reading here: http://bit.ly/Q4lJ5a
Gasoline And Refiners Are Topping Out After Epic Run
Shares of Valero Energy Corporation (NYSE:VLO) shot higher in early morning trading, hitting $31.48. They then reversed, falling back to the $31.00 level by 11:30AM ET. This reversal coincides with a major double top on the daily chart from 2011. It also coincides with an over extended chart on gasoline. The United States Gasoline Fund, LP (NYSEARCA:UGA) has run from $44.65 in June to a high yesterday of $60.10. Today, it is reversing dramatically, dropping to $58.78, -1.05 (-1.75%). The combination of the Valero reversal and double top and the UGA drop, signals a possible top in this market. Look for a topping tail on the daily chart on VLO and further downside should follow quickly. ...Continue reading here: http://bit.ly/OqAnk1
Light Volume Markets Can Be Tricky
As you know, the trading volume in the month of August 2012 has been extremely light. In fact, this year we have seen some of the lightest volume in the past 10 years. This trading period is also known as the summer doldrums. During this time, many inexperienced traders and investors try to force trades in light volume markets. That strategy is often the kiss of death. Light volume markets do not favor the individual investor or trader. The reason is because it is simply too easy for the institutional traders to bully the market in their favor. You see, the institutional trader has unlimited funds or deep pockets and if they are wrong they will simply work the position by averaging in and forcing the position into profitability. As an individual trader that cannot be done and the institutional traders know that. ...Continue reading here: http://bit.ly/MXG7Fk
Key Factors: S&P Double Top, Markets Stall, Worrisome Signals
The markets are hovering lower into the lunch hour. This is a rare thing of late as volume remains at anemic levels. The light volume has helped the markets float higher. The markets have been floating higher for six straight weeks. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $141.80, -0.42 (-0.30%). ... Continue reading here: http://bit.ly/PrlykJ