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The Significance Of A Russell 2000 $IWM Topping Tail
On Monday, August 27th, 2018, the Russell 2000 (IWM) surged sharply higher with the S&P and NASDAQ. However, there was one difference to a normal trading day. While the rest of the markets stayed at their highs, the Russell 2000 faded, forming a topping tail (bearish top signal). The reason this may be significant is because the Russell 2000 has lead the market both to the upside and downside over the last year. Because of that, investors should pay closer attention to the topping tail on the Russell 2000. It may signal a significant top or nearing top on the S&P and NASDAQ.
Gareth Soloway
InTheMoneyStocks
Watch This Trade Level For Gap Inc $GPS
Gap Inc (NYSE:GPS) is a leading apparel retail company. They operate under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Last week, the stock sold off sharply after reporting earnings. Traders and investors should note that the shares are now trading below their 50 and 200-day moving averages. This puts the stock in a weak technical position and indicates further downside for the stock. Traders and investors should now watch the $27.50 area as the next important support level. This is where the 100-week moving average is located and it should serve as solid support when tested.
Nicholas Santiago
InTheMoneyStocks
Netflix $NFLX Hits Max Move As Smart Money Shorts/Sells
Shares of Netflix (NFLX) hit their max upside level today at $370. This is the daily 20 moving average as well as a kissing the 61.8% Fibonacci retrace level. Ultimately, the stock has soared nearly 20% in the last week. Look for a significant drop in price back to $350 in the coming days.
Gareth Soloway
InTheMoneyStocks
Foot Locker $FL Tests Critical Level, Here's What You Should Know
Last week, leading athletic shoe retailer, Foot locker Inc (FL), sold off sharply after reporting earnings. The stock was able to hold it's important 200-day moving average on the sell off. Today, that key moving average was tested again for the second consecutive session. Traders and investors should note that if this 200-day moving average fails to hold as support it would trigger another sell signal for FL stock.
The next key support level for level for FL stock will be around the $40.00 area. This important support level was defended in March and May 2018. Often, when key support areas are retested they will be be defended again by the institutional crowd. I will be watching the trade action very closely this week in FL stock to see if the 200-day can hold up as support.
Nicholas Santiago
InTheMoneyStocks
Alibaba $BABA Targets For Downside Support
Shares of Alibaba (BABA) surged this morning after they reported stellar earnings. However, during the conference call, the company warned about the impacts of tariff rules and the trade war between the US and China. The stock has collapsed and will continue to collapse to first target $160. Once there, a bounce is expected before it proceeds to $125.00 as a final resting target price. There, a longer swing trade can be taken.
Gareth Soloway
InTheMoneyStocks
Electronic Arts Has Been Under Pressure, Know This Trade Level $EA
Leading video game developer, Electronic Arts Inc (NASDAQ:EA), has been under selling pressure since July 13, 2018. At that time, the stock peaked at $151.25 a share. Today, EA stock is trading at $126.52 a share, which is a decline of more than 16.0 percent from the high. The stock is now forming a bearish pattern on the daily chart which suggests lower prices ahead. The next key support level for EA stock will be around the $117.00 level. This important support area was defended in April 2018 and will likely serve as a solid trade level when tested.
Nicholas Santiago
InTheMoneyStocks
Hartford Financial $HIG Drops After Acquisition, Here's the Trade
This morning, leading insurance company, Hartford Financial (NYSE:HIG), acquired Navigators Group (NAVG) for $70.00 a share in cash. The total deal is worth $2.1 billion. The news is sending HIG stock lower by 4.28 percent to $50.12 a share.
Traders and investors should note that the trend is down for HIG. The stock is now trading below its important 50 and 200-day moving averages. This puts the stock in a weak technical position. The weekly chart pattern also indicates a bearish pattern and lower stock prices ahead. Traders must now watch the $44.00 area for major chart support. This is where the stock broke out in November 2016. If you have followed my work you know that I like when stocks retest prior breakout levels. Keep the $44.00 area on the radar for a long side trade in HIG when it gets there.
Nicholas Santiago
InTheMoneyStocks
The Russell Nears Its Max Up-Trend Line $IWM
The Russell 2000 ETF (IWM) is surging today, but nearing a major max extension trend line. Since late 2016, this trend line has dictated the max highs on the index. Today, the Russell is nearing this level and likely will see a pull back off this max level.
Gareth Soloway
InTheMoneyStocks
Online Brokers Get Whacked After JPMorgan $JPM Announces Trading App, Watch This Trade Level
This morning, many of the leading online brokerage firms are trading lower after JPMorgan Chase (NYSE:JPM) announced a new trading app. The app launches next week and will allow users to get 100 free stock trades in the first year. If the user trades over the 100 free trade limit then they will be charged just $2.95 per trade. This news is putting pressure on most leading online brokers such as TD Ameritrade Holding Corp (NASDAQ:AMTD), Charles Schwab Corp (NYSE:SCHW) and ETRADE Financial Corp (NASDAQ:ETFC).
TD Ameritrade Holding Corp (NASDAQ:AMTD) is a stock that I will be watching closely over the coming days. The stock is trading lower by 5.39 percent to $56.94 a share. Today, the stock seems to have found support around its 200-day moving average. A failure to hold this key level would indicate another leg lower. The next major support area for AMTD stock will be around the $52.00 area. This level is where the stock was defended in February 2018. Traders should note that this level should be solid for a long side play when retested.
Nicholas Santiago
InTheMoneyStocks
Apple Inc $AAPL Retrace Begins, Here Is The Target
Shares of Apple Inc (AAPL) started Monday with a surge higher. Since earnings, Apple has soared 15%, passing the $1 trillion marker. With the stock now at extreme overbought levels, smart investors are on the short side. As of noon on Monday, the stock has turned negative, falling approximately $3 from the highs. This reversal day signals the beginning of a retrace of the recent gains. Pro traders expect a pullback to the $200 level, a return to the uptrend trend line. Once this happens, the stock should find footing once again.
Gareth Soloway
InTheMoneyStocks
Watch This Trade Level For This Leading Tech Stock
Xilinx Inc (XLNX:NASDAQ) is a leading technology stock that has been coming under pressure recently. Today, the stock is trading lower by 0.88 cents to $70.14 a share. Traders and investors should note that this stock has been in a trading range since the start of 2018. The high end of the range has been around the $77.00 level and the low end of the range has been around the $62.50 area. A case can be made that XLNX stock has been making higher lows every time the stock price has tested the low end of the range. This time around the $65.00 area should serve as important support when tested. There is also the 100-week moving average around that level as well, this will increase the odds of institutional support and that is what moves stocks.
Nicholas Santiago
InTheMoneyStocks
Dillards Inc Is Tanking After Earnings, Here's The Trade $DDS
This morning, leading retail stock, Dillards Inc (NYSE:DDS), is trading sharply lower after reporting earnings. The retail giant is trading lower by more than 12.0 percent to $72.63 a share. Traders should note that the stock is now trading below its important 200-day moving average. This is usually a signal of further weakness for the shares going forward. The daily chart trend is down and the stock is in a weak technical position.
Traders and investors must now be patient and wait for this stock to fall into a key support level before entering on the long side. The level that strikes me as a solid buying opportunity will be around the $65.50 area. This is key support level is where the 100-week moving average is currently. It is also a key retrace level that was defended in early May. This major support level should be defended by the institutional crowd when retested.
Nicholas Santiago
InTheMoneyStocks
Gold Miner Buy Signal Alert $GDX
Shares of the $GDX (Gold Miner ETF) took another major beating today, falling for the sixth straight day. This fall is different than the last few. First, there is panic in the selling. That is actually a good sign. Bottoms are made by flushing out the weak hands in a panic. Next, there is a major double bottom on the stock chart. Price just tagged it. Technically speaking, this is a major support level. Lastly, there is a time count. Proprietary PPT Strategies signal a bounce tomorrow and Friday. Enjoy!
Gareth Soloway
InTheMoneyStocks
Watch This Trade Level For Twitter $TWTR
Shares of Twitter Inc (NYSE:TWTR) have been under pressure July 27, 2018. This is when the company reported earnings that were not well received by the street. In mid-June the stock actually traded as high as $41.29 a share, today the stock is trading at $32.01 a share. It is easy to see how this stock has declined sharply over the past month. Traders and investors should note that TWTR stock is now forming a bearish consolidation pattern on the daily chart. This bearish formation is indicating lower prices to come for the shares. The stock should have major chart support around the $26.00 area. This is where the 200-week moving average is at currently. It is also a level where TWTR broke out in early February 2018. This should also give solid support to this level and set up for a nice long trade.
Nicholas Santiago
InTheMoneyStocks
Chinese ADR's Are Falling, Watch The Buy Level For This Chinese Stock
This morning, most of the leading Chinese ADR's are coming under heavy selling pressure. As you all know, the Shanghai Indexes (Chinese stock market) has been falling lower since late January 2018. Trade wars and increased tariffs have certainly hurt the Chinese economy, but there have been other problems in China that have caused the markets and leading stocks to decline.
Today, leading Chinese ADR's such as Alibaba Group Holding Ltd (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), YY Inc (NASDAQ:YY), JD.com Inc (NASDAQ:JD), and most others are declining lower. The one Chinese ADR that I have my eye on is China Southern Airlines Co Ltd (NYSE:ZNH). Now understand, this stock usually trades very light volume, so it is important to really find a level that will be supported by the institutional crowd. The support area for ZNH stock that looks solid will be around the $27.00 level. This area is where the stock broke out in January 2017. Prior break-out and pivot levels will usually serve as excellent support when retested.
Nicholas Santiago
InTheMoneyStocks
Swing Trade Buy Level On Alibaba $BABA
Shares of Alibaba Group Holdings (BABA) continue to drop sharply as trade war fear continues and the Chinese economy slows. Alibaba has fallen from over $210 in June 2018 to its current $172 level. Based on calculations and technical chart analysis, Alibaba is a swing trade buy when it hits $160.00.
Gareth Soloway
InTheMoneyStocks
Amazon.com $AMZN: Possible Topping Tail Forming
Shares of Amazon.com (AMZN) surged higher on Monday, after analysts pumped the advertising potential of the online retailer. With chatter of a $150 billion in revenue by 2020, the stock jumped with euphoria. Smart investors and traders know that stocks top, often on euphoria. Was this it today? That question will be answered at the 4pm ET close. Currently, Amazon.com is reversing off the highs and may be putting in a topping tail. A topping tail is a very bearish reversal signal that marks a major top. at 4PM ET, if the topping tail is formed, it is likely the long-term top on $AMZN.
Gareth Soloway
InTheMoneyStocks
This Leading Home-Builder Is Falling, Here's The Trade $LEN
This morning, most of the leading home-builder stocks are coming under selling pressure. Home-builder stocks such as Lennar Corp (NYSE:LEN), Toll Brothers Inc (NYSE:TOL), DR Horton Inc (NYSE:DHI) and other are all trading lower by more than 3.0 percent today. Many investors are blaming the recent Redfin Corp (NASDAQ:RDFN) guidance for the decline in the home-building sector, but the industry group has been slumping since the start of 2018.
Lennar Corp (NYSE:LEN) is one particular home-builder that has caught my eye. This stock topped out on January 22, 2018 at $72.17 a share. Since that high pivot, the stock has steadily declined lower throughout the year. Today, LEN stock is trading down by $2.43 to $50.94 a share. Traders should note that the stock has been trading in a sideways range since mid-May. This pattern tells me that there is one more move lower to go before the stock finds a defined bottom. Traders and investors must now watch the $45.00 area as the next major support level for the home-builder. This is where the stock broke out in February 2017. Very often, prior break-out levels will serve as major support when retested.
Nicholas Santiago
InTheMoneyStocks
Occidental Pete Corp $OXY Plunges After Earnings, Watch This Trade Level
This morning, leading crude oil and natural gas exploration and production company, Occidental Pete Corp (NYSE:OXY), is plunging lower after reporting earnings. The stock is trading lower by 5.78 percent to $76.50 a share. Traders and investors should note that the stock is testing a critical support level around $76.00, a weekly chart close below this area will signal more downside for the energy giant. The next key support level for OXY will be around the $70.00 area. This is where the 200-week moving average is currently and also where the stock had a key break-out in April 2018. Often, support levels such as this will be defended by the institutional crowd when initially tested.
Nicholas Santiago
InTheMoneyStocks
Seagate Technology $STX Chart Breaks, Nasty Collapse Underway
Shares of Seagate Technology (NASDAQ: STX) fell sharply lower on Thursday, falling over 7% to $51.00. This collapse is major and investors should be worried. The stock chart not only broke below the daily 200 moving average, but breached an epic trend line of support. The break of both these levels will likely spell significant downside for Seagate Tech in the coming months. A drop to $43.00 looks likely.
Gareth Soloway
InTheMoneyStocks
Oil Trading At $66.50, If It Breaks, Target $52.00/BBL
The stock chart on oil could signal a massive collapse in the coming months. Spot crude is trading at $66.50, hitting a long-term trend line of major support. However, if oil breaks below this level, it will likely collapse within 6 months to $52.00/bbl. Watch closely, it may be on the horizon.
Gareth Soloway
InTheMoneyStocks
Autohome Inc $ATHM Sinks After Earnings, Here's The Trade
Autohome Inc (NYSE:ATHM) is an online destination for automobile consumers in China. Earlier today, the company reported earnings that are not being well received by the markets. The stock is trading lower by more than 9.0 percent to $86.58 a share. Traders should note that the stock is now trading down into its 200-day moving average. This key support area is holding up as support right now, but a close below it could signal more selling in the shares. The next key support area for ATHM stock will be around the $70.00 level. This is where the stock will have a major retrace level on the chart and should be defended. It is also important for traders to understand that the Chinese market is down trending and trading lower by nearly 17.0 percent this year.
Nicholas Santiago
InTheMoneyStocks
Newell Brands Inc $NWL Has Been Toasted, Know This Trade Level
Newell Brands Inc (NYSE:NWL) is a leading marketer of consumer and commercial products. Some of the products include Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo and others.
Today, the stock is making a new 52-week low trading at $22.14 a share. Traders and investors should note that the stock actually topped out in June 2017 at $55.08 a share. So it easy to see the down trend that NWL stock is currently in. The next major support level for this stock will be around the $17.00 area. Unfortunately, this support area is still much lower than the current share price. This level is where the stock broke out in August 2012 from an eight month base. Often, prior break-out levels will serve as excellent support when retested.
Nicholas Santiago
InTheMoneyStocks
Major Level Tagged On The VIX, See It Here
The VIX broke 11 today, tagging a major support level. Anytime the VIX gets below 12, the markets are stagnant and complacent. However, below 11 it is starting to get to an extreme. The chart of the VIX fill a gap going back to the January 2018 highs. This is significant because of the gap fill, but also the market top in January. Keep a close eye on the market in the next few days.
Gareth Soloway
InTheMoneyStocks
Could Get Nasty: What This Trend Line On Boeing Co $BA
Shares of Boeing Co (BA) have been hovering just off of all-time highs for the last 8 months. Trade war fears have kept it from making new highs as apparent distribution continues. Distribution is where big money sells to smaller investors or dumb funds. As of now, Boeing is safe. However, if it breaks the trend line shown on the chart below, watch out below. The stock could fall quickly to $300 or below. This trend line is a major technical support that has been holding. If it gives way, there is nothing below until $295.00.
Gareth Soloway
InTheMoneyStocks
Toyota Motor Corp $TM Might Have More Pain Before Gain
Today, leading automobile stock, Toyota Motor Corp (NYSE:TM), is trading lower by $2.98 to $128.32 a share. The stock has made lower highs on the chart since January 2018 when the stock traded as high as $140.99 a share. The current chart pattern will usually signal lower prices ahead for the stock. Traders and investors must now watch the $120.00 area for the next important support level. This is where the 200-week moving average is located and should serve as major support when tested.
Nicholas Santiago
InTheMoneyStocks
This One Signal Makes Ford Motor Company $F A Strong Buy
Shares of Ford Motor Company (F) have been taking a beating of late as trade war talk and action are center stage. Just in the last couple months, Ford is down from over $12.00 to under $10.00. While the picture is not pretty, the chart is actually signaling a strong buy. Technical traders are connecting the lows of the daily stock chart starting in late 2016. There is a down-sloping trend line that connects with all lows. Every time the stock price of Ford hits this trend line, it jumps sharply higher for weeks or months. It just so happens that Ford is hitting this trend line again. That indicates a strong surge higher in the coming weeks/months. Smart money is buying here at $9.95.
Gareth Soloway
InTheMoneyStocks
This Auto Stock Will Be On Sale Due Trade Wars
As you all know, many stocks have come under severe pressure due to tariffs and trade war chatter. One particular industry group that has been affected by the tariffs has been the auto stocks. The tariffs in steel and aluminum has been sited as a direct tax on this sector. Leading U.S. Auto stocks such as General Motors Co (NYSE:GM), Fiat Chrysler Automobiles (NYSE:FCAU) and Ford Motor Co (F:NYSE) have come under selling pressure recently, but this should lead to an excellent buying opportunity very soon.
General Motors Co (NYSE:GM) is a leading U.S. automobile stock that has been falling sharply since June 12, 2018. At that time, the stock traded as high as $44.86 a share. Today, GM stock is trading around $36.48 a share, so you can see how quickly this stock has declined. Traders and investors should now watch the $34.50 area for major chart support. This level is where the stock was defended in March 2018. Ofter, prior support levels will serve as a solid support area for a major bounce when it is retested.
Nicholas Santiago
InTheMoneyStocks
This Is Why GoDaddy Inc $GDDY Bounce At $72.18 Today...
Shares of GoDaddy Inc (GDDY) were collapsing for the third day in a row before a strong bounce took place at $72.18. The reason for this bounce was easily predicted by pro traders. If you connect the lows of the stock over the last 6 months, the lows all line up perfectly. Today's lows went right to the trend line (as seen in the chart below). Overall, pro traders expect only a day or two bounce, then a massive break lower on GoDaddy. They are looking for a $65.00 target on the stock within two weeks.
Gareth Soloway
InTheMoneyStocks
MAJOR Stock Chart Alert: Telling You Where The Market Is Headed...
Markets floating, but staying under a classic retrace (scene of the crime) trend line on the $SPY. As long as this stays below, markets are VERY vulnerable into $AAPL earnings and tomorrow's Fed statement...
Gareth Soloway
InTheMoneyStocks
Know This Trade Level For Charles Schwab Corp $SCHW
Leading financial firm, Charles Schwab Corp (NYSE:SCHW), has been steadily moving lower since May 21, 2018. At the time, the stock traded as high as $60.22 a share. Today, the stock is trading lower by 0.24 to $51.08 a share. The current chart pattern is not indicating much strength. Yesterday, the stock closed below the important 200-day moving average which is viewed as a sign of weakness. Traders and investors must now look lower for major chart support. There still looks to be a lot of support for SCHW stock around the $47.50 area. This is where the stock broke out in late November 2017. Often, when a stock trades back down into a prior breakout area it will be defended by the institutional crowd. That should be the case this time around as well for SCHW shares.
Nicholas Santiago
InTheMoneyStocks
CBS Corp $CBS Smoked, Here Is The Buy Level
Shares of CBS Corporation (CBS) are falling sharply again today after the head of the company continued to have allegations of sexual misconduct levied against him. As the stock falls, it begins to look attractive based on valuation metrics. In addition, the technical chart has a strong support level at $47.75. With the stock currently trading at $51.20, it is not a far reach to assume it could hit the technical gap fill buy level within days. This is where the top pros are looking to accumulate in the coming days.
Gareth Soloway
InTheMoneyStocks
Trade Lesson: The Best Moves Come From Failed Moves
There is an old market adage that states, the best moves come from failed moves. If you have taken the InTheMoneyStocks.com Methodology Revealed trading course you have seen this proven many times. Today, I'm going to give you an example of a failed move in a stock that almost everyone knows.
The stock is Twitter Inc. (NASDAQ:TWTR). As you all know, this stock had been one of the strongest stocks in 2018. In January 2018, TWTR stock was trading as low as $23.68 a share. Then the stock started to rise and traded as high as $47.79 a share on June 15, 2018. That is a 100.0 percent gain in just six months. Then TWTR stock began to trade sideways for a little over a months time forming a bullish consolidation pattern. It should be noted that bullish consolidation patterns usually signal a major upside breakout is on the horizon. Unfortunately, TWTR stock plunged lower after its earnings report breaking the bullish pattern. This tells us that the stock wants to go sharply lower. Often failed moves lead to significant downside and that is evident in the current TWTR stock price. Today, TWTR stock is trading lower by $1.93 to $32.18 a share.
TWTR stock will have some daily chart support coming up around the 200-day moving average which is around the $30.00 level. Should this level fail to hold as support then traders will have to look lower toward the $25.00 area. This trade level is where the stock broke out in February 2018. Often, prior breakout levels will be defended when retested.
Nicholas Santiago
InTheMoneyStocks
NXP Semi Tanks After Failed Merger, Here's the Trade $NXPI
Earlier today, Qualcomm (NASDAQ:QCOM) officially ended its takeover of NXP Semiconductor NV (NASDAQ:NXPI) after failing to get Chinese regulatory approval. This news is sending NXPI stock lower by nearly 7.0 percent to $91.63 a share. NXPI stock is now testing the pivot low from May 3, 2018. Should the stock close below this key support level on weekly chart basis it will signal another leg lower for the stock. Traders and investors must now watch for major support around the $80.00 area. This level is where the stock broke out in September 2016. Often, prior breakout levels will serve as excellent support for a stock when it is retested.
Nicholas Santiago
InTheMoneyStocks
Toll Brothers Inc $TOL Is Testing Key Support, But This Level Is Better
Leading home builder, Toll Brothers Inc (NYSE:TOL), has been steadily declining since January 2018 when it traded as high as $52.73 a share. Since that high pivot, TOL stock has steadily fallen lower. Today, TOL stock is trading at $34.93 a share. Despite the stock being severely oversold and holding a major retrace level there is very little optimism for the shares to move higher from here. Many investors believe that higher interest rates will hurt the home-builder stocks going forward. Traders and investors should now watch the $30.00 area as the next major support level. This area is where the stock broke out in December 2016. Often, when a stock retests a major break-out area it will be defended by the institutional money.
Nicholas Santiago
InTheMoneyStocks