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Here Is The $SPY Downside Target
Trade Alert On American Airlines: See It Here
https://inthemoneystocks.com/trade-alert-on-american-airlines-see-it-here/
Gold Miners Keep Backing And Filling, Watch This Level For Barrick Gold (GOLD)
https://inthemoneystocks.com/gold-miners-keep-backing-and-filling-watch-this-level-for-barrick-gold-gold/
S&P 500 & Russell 2000 Hardcore Technical Analysis...
Watch the video here:
"I would be surprised if we don’t sell off" - Gareth Soloway shorts stock market
Epic Market Top Or Breakout?
Technical Analysis Says This...
4 Big Cap Tech Stocks: Sell Signals Galore!
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Airline Stock Breakout Alert: See The Trade Here!
Watch the video on youtube...
Profit Making Analysis: S&P 500 Trade Level...
Dick’s Sporting Goods $DKS Stock Chart Alert...
Check out Gareths trade on the stock here:
https://inthemoneystocks.com/dicks-sporting-goods-stock-chart-alert/
Learn This #OptionsExpiration Scam & Trade Setups To Profit On...
Watch the video on youtube here...
The Strong Case For An Apple Short Trade...
Shares of Apple Inc (AAPL) are slightly lower today, but up for the week. At the start of 2020, Apple was trading around $80/share. It then fell to $53/share before rocketing to $138/share. It currently trades around $120/share. So what do the chart say about this stock going forward? Below I will lay out my technical and fundamental analysis of why Apple is headed to $96.35. This Apple short trade can be played by shorting the stock or buying puts that have an expiration of March 2021 or later. As always, shorting stocks/options carry risks, understand them, don’t be a dummy.
On a monthly and weekly time frame, Apple is still extremely overbought. A move from $53/share to $138/share on a company of that size has yet to be fully worked out.
The top on Apple at $138/share was an epic gap higher and mega reversal day. This signals a blow off top in the stock on insanely heavy volume. These tops tend to be multi-year tops, not multi-month tops. A pull back like we have seen is not the normal pull back a stock sees after putting in a top like that.
Apple just debuted the iPhone 12, the new 5G capable phone. This was news that analysts were excited about for years and arguably what drove the stock higher for years. That news is now over and there is a void of future positives. A sell the news event is likely to continue.
After topping at $138/share, the stock fell sharply to $103.20 before bouncing back to the $120/share level it is at now. This bounce is what is called an in-spirit-of bear flag or inside-bar formation. It is currently bearish.
With odds favoring a Democratic sweep, regulation is coming for big technology. The age of monopolies is likely over. Even a possible breakup of certain behemoths is likely. While Apple will not likely be broken up, there has been major unrest from companies in their app store as Apple hits them hard with 30% fees. Regulators will likely attack this and if it is lowered, the highest margin portion of Apple’s business will suffer. If that happens, valuation will need to drop sharply.
There is an epic gap fill at $96.35 as well as a rising daily 200 moving average. As smart investors know, gaps are made to be filled. This mega gap will get filled and the rising 200MA will likely meet at that level. The 200MA has not been tagged since March 2020. The distance from the 200MA on the stock as well as the time away from hitting it as very unusual. History tells us that Apple will likely fill that gap and also hit the 200ma in the not-too-distant future.
All this makes for a strong for an Apple short trade. Look for downside to begin soon and be harsh, especially if you get an Democratic sweep.
see the chart here:
https://inthemoneystocks.com/the-strong-case-for-an-apple-short-trade/
Gareth Soloway
InTheMoneyStocks
S&P Analysis, Chart Education Major Trade Setups
Watch the video now on youtube...
youtube.com/watch?v=zPrS04I2RBw
Financial Stock Analysis: Buy, Sell Or Hold $JPM $C and more..
Watch the video and see Gareth's trades here:
https://inthemoneystocks.com/financial-stock-analysis-buy-sell-or-hold-jpm-c/
$SE Head & Shoulder Breakdown Alert...
Shares of Sea Ltd. (SE) have just broken their head and shoulder neckline. This triggers the pattern break that will take the stock down to $90.00. Head and shoulder patterns are bearish sell patterns. Once triggered, a calculated target is easy to come up with. That target is $90.00. Classic technical setup here for sellers and shorts. This is a perfect SE head & shoulder setup.
See the chart here:
https://inthemoneystocks.com/se-head-shoulder-breakdown-alert/
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks
Tesla Target Price
Tesla Inc (TSLA) has been a cult favorite for years. This has only been accelerated in the last month with a total market bubble forming in technology. Dumb money has popped the stock to obscene levels. The hype is worse than 1999 with the dot.com bubble. Arguably, great earnings, a million mile battery and being added into the S&P 500 are already factored into the stock. Today’s drop ahead of earnings is showing huge signs of big money dumping. Ultimately, the stock is going lower. Below are the Tesla target price levels.
Based on the chart correction signals, the price target one is around $1,200.00 with target two is $975.00. At a $300+ billion market cap, Tesla is the size of almost every other car company combined. The bubble is epic but will collapse. The pikers will fight it but history repeats. I will consider buying Tesla below $1,000 for a trade. Maybe a long term investment below $500.00.
See the chart here: https://inthemoneystocks.com/wp-content/uploads/2020/07/TSLA07.21.2020.png
Gareth Soloway
#Apple $AAPL Topping Tail Alert:
See The Downside Target Here...
https://inthemoneystocks.com/apple-topping-tail-alert-see-the-downside-target/
Cheers!
$PSX Phillips 66 Stock Chart Buy Level!
See it here...
https://inthemoneystocks.com/phillips-66-stock-chart-buy-level/
"Joe Sixpack" Is Making Money From The Stock Market!
Listen as Nick shows you what will happen next...
[url]https://inthemoneystocks.com/the-easy-money-has-been-made-now-what/
[/url][tag]Listen To The Podcast With Nick Here[/tag]
Stock Market Alert: Rare & Powerful Technical Signal...
WATCH THE VIDEO, CLICK HERE
Here's Why I Took Profits On These $LVS Call Options Today...
watch the video here
Stock Trading Alerts: Jobs Report Truth & Trades!
Watch the video now here...
youtube video link
Oil Chart Analysis: WTI Drop To $35/bbl
WTI crude oil has been holding around $40/bbl for the past couple weeks after it topped out at $42/bbl. Based on the technical oil chart analysis, a big fall is coming to $35/bbl or lower. There is a classic inside bar/bear flag formation that signals a swift flush on WTI crude. The drop will likely occur before July 15th. In fact, it likely will begin its drop by early next week. The oil analysis is clear, bear flag and a cycle time count coming to a head should have investors and commodity traders shorting oil here.
See the chart here: https://inthemoneystocks.com/oil-chart-analysis-wti-drop-to-35-bbl/
Gareth Soloway
InTheMoneyStocks
Watching this technical support level on #WynnResorts $WYNN
see the chart here
Beyond Meat Stock Chart Alert: Topping Tail...
Shares of Beyond Meat Inc (BYND) surged in early trading on the back of a wider product offering as shorts quickly scrambled to cover. The stock has reversed after an early surge and may be putting in a major near-term top. This Beyond Meat stock chart alert is telling investors a strong short signal is forming called a topping tail. Topping tails are bearish candlestick formations. They are valid when they show up at multi-month or 52 week highs. In the case of Beyond Meat, this is a multi-month high after the stock has surged from below $60 to over $160. Based on the technical topping tail setup, a strong short can be taken with a downside target of $130.
See the chart here:
https://inthemoneystocks.com/beyond-meat-stock-chart-alert-topping-tail/\
Gareth Soloway
Bitcoin Trading Analysis: Why It Won’t Break 10,000...
Bitcoin bulls have been frustrated as the cryptocurrency has failed multiple times at the 10,000 level. Every time it pops near or just above, a seller comes out of the woodwork to slam it back down. So why on earth is it having so much trouble at the 10,000 level? This Bitcoin trading analysis will enlighten all investors.
It appears that there is almost $1 billion in options expiring on June 26th, 2020. Just 10 days away, that is fast approaching. Almost 80% of these options are call options with a strike of 10,000. There is one main seller of these options contracts. Panama-based derivatives exchange Deribit accounts for 77% of these options. In all likelihood Deribit is holding the price of Bitcoin below 10,000 to make sure those options expire worthless and they can collect the full premium. This is a huge profit windfall to them and totally worth it to use millions to keep the price under 10,000 into expiration.
As the Federal Reserve commits to digitally create trillions more Dollars and the U.S. government runs multi-trillion-Dollar deficits, Bitcoin will go higher, but likely not until after July 26th, when these options contracts expire.
See the expert analysis here: https://inthemoneystocks.com/bitcoin-trading-analysis-why-it-wont-break-10000/
Gareth Soloway
Eli Lilly Max Move Level Revealed $LLY...
Eli Lilly & Co (LLY) surged higher Tuesday trading after the company said a key cancer drug succeeded. The stock jumped almost 20%, hitting a 52 week high of $167.43. While a major move, the stock may continue to advance higher in the coming days. This is because the Eli Lilly max move level has not been hit yet. This maximum extension can be seen by connecting the major pivot high October 2018 through the March 2019 highs that connect perfectly to the high from April 2020. This trend line extends to a likely Eli Lillly max move target of $169-$170. As a swing trader, I will be looking to short Eli Lilly at this price point.
See it here:
https://inthemoneystocks.com/eli-lilly-max-move-level-revealed/
Gareth Soloway
Technical Analysis To Profit From On $BA $QQQ $SPY $GOOGL $AMZN...
WATCH THIS VIDEO NOW:
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The Most Important Options Trading Pattern In The Stock Market...
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Tesla Stock Chart Target: See The Trade...
Tesla Inc (TSLA) surged higher after the successful SpaceX launch over the weekend. The stock is now up well over 100% since the March 2020 lows and investors are piling on one more time. The last time they piled on, the stock hit $970, then fell to $350 within a month. As a chart technician, I look for major levels of resistance when a stock gets too extended in the near-term. In Tesla’s case, a run from $350 to nearly $900 in 10 weeks is overdone. The Tesla stock chart target is $901.00. This is a technical gap fill level and major resistance. Look for this technical target to be achieved by tomorrow.
Once the Tesla stock chart target of $901.00 is achieved, it becomes a major short trade for a pull back to $650.00. The market has an amazing way of ignoring reality and loving hype. Even Elon Musk has said his stock was over-priced but investors have ignored his comments. I expect the drop to $650 to happen within 2 months. Have a wonderful day and continue to profit!
See the chart here:
https://inthemoneystocks.com/tesla-stock-chart-target-see-the-trade/ $TSLA
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks
The disconnect between Wall St. & Main St. can be seen more clearly now than ever. Riots, 40m unemployed since March & stocks near all-time highs. Why? The Federal Reserve backstop. Into facts, the Fed bought $JCP and $HTZ debt, even with bankruptcy. Talk about bailouts! #Bailout
This will only create more hatred of Wall Street. Literally the Federal Reserve is now hurting the long-term stock market more than helping. #ShortSighted @federalreserve
You literally cannot have a more obvious and perfect example of inequality than 40m unemployed in 3 months, riots and then Wall Street sitting near all-time highs. What the federal reserve is doing is so dumb. They are setting the table for the biggest backlash in history.
tweets via...
Gareth Soloway
Stock Chart Sell Signal!
Shares of Williams-Sonoma (WSM) are soaring today on the back of solid earnings. The do-it-yourself cycle of the quarantine is playing out but based on the chart will not last.
There is a strong stock chart sell signal on Williams-Sonoma at $87.40. The current price is approaching quickly. This is a classic former all-time high from 2015 that is now a major double top when prices hits it.
In addition, the insanity of the move on Williams-Sonoma is clear when looking at the chart. Williams-Sonoma has rallied from $26 in March 2020, to almost $86 today. That is absolutely insane. Every technical metric slammed into extreme overbought signals today. The sell signal is strong and will cause Williams-Sonoma to collapse back to close to $75 in the coming days/week or two. Watch the chart closely and trade it wisely.
See the chart here:
https://inthemoneystocks.com/stock-chart-sell-signal-williams-sonoma-wsm/
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks
Technical Stock Chart Analysis: Alphabet (GOOGL)
Shares of Alphabet Inc (GOOGL) continue to grind higher, having rallied from near $1,000 in late March 2020, to the current $1,429.00. Investors and swing traders are wondering where the technical stock chart analysis will take the stock before it becomes a sell or short. The answer to that is $1,483.00. There is a significant gap fill at this level, representing major resistance. In addition, the RSI (relative strength index) is nearing the overbought level of 70 but not quite there. This continues to signal a little more upside on Alphabet before it tops out.
The swing trade is simple here. Technical stock chart analysis says short Alphabet Inc at $1,483. A corrective move (drop) of more than 10% is expected based on the almost 500 rally in Alphabet. In other intriguing news, it was announced today that Alphabet Inc is rescinding offers for part-time contractors they were set to hire. This tells the smart investors and swing traders that Alphabet is seeing a major slowing in demand for their advertising services as well as other products. This will likely be part of the sell off factor once the upside target is tagged.
See the chart here: https://inthemoneystocks.com/technical-stock-chart-analysis-alphabet-googl/
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
Stock Chart Sell Signal On $ILMN
There is a strong stock chart sell signal emerging on Illumina Inc (ILMN). After hitting a low below $200.00 in late March 2020, the stock has soared to $375.00. After crossing $375.00, it has tagged its maximum upside range and within days should see a large drop. The stock chart sell signal is based on a major pivot high from October 2018 and the all-time high in July 2019. The July 2019 high creates an epic double top on the stock. With the technical metrics MACD and RSI screaming overbought, the double top stands to be a highly favored pull back level in the near-term. A pull back to the $335 level is the target and stands as major support. This means that swing traders looking to short Illumina can net a gain of 10% in the coming weeks on the short side.
See the chart here...
https://inthemoneystocks.com/stock-chart-sell-signal-illumina-inc-ilmn/
Technical Analysis Double Top: #Spotify $SPOT...
Shares of Spotify Technologies (SPOT) continue to surge higher. With the stock approaching the $200 level, there is a major technical analysis double top in play. This double top is found by going back to the July 2018 all-time high. and drawing a horizontal line. The price of Spotify is less than 2.5% away.
The way to trade a double top is simply by shorting the stock. In this case, a sell-short would be initiated at $200 with an expected pull back target of $160 (technical support). This is a trade I will likely take myself assuming price hits in the next day. The time factor is extremely important. Many investors and traders do not understand how key time is when trading for success. A technical analysis double top can be an easy winner if it hits in the right amount of time versus if it takes too long. Smart money knows these tricks.
See the chart here: https://inthemoneystocks.com/technical-analysis-double-top-spotify-spot/
Gareth Soloway
InTheMoneyStocks.com
PODCAST: Stocks And Trades Now…
https://inthemoneystocks.com/podcast-stocks-and-trades-now/
Options Trade Alert On $CMG…
https://inthemoneystocks.com/options-trade-alert-on-cmg-see-it-here/
The Leap Frog Stock Chart Pattern Earns Big Money:
See How...
Southwest Airlines Strong Buy Alert: See The Trade
Shares of Southwest Airlines (LUV) fell sharply this morning before staging a major reversal. The low pivot today signaled a Southwest Airlines strong buy alert. This triggered based on the $23.25 level being hit, a max extension move into epic support from the high pivot in December 2000. Yes, Southwest Airlines tagged a level not seen since 2000. That is remarkable but also a Southwest Airlines strong buy signal that smart swing traders are acting upon.
Based on technical analysis, the stock likely put in a near-term bottom and will start seeing significant upside in the near-term. Upside expectations are for a 25% pop within weeks off this Southwest Airlines strong buy signal. Learn how to read the charts and profit for life.
See the chart here: https://inthemoneystocks.com/southwest-airlines-strong-buy-alert-see-the-trade/
General Electric Stock Chart Hits Epic Level
Shares of General Electric (GE) are trading at levels not seen since 2009. In fact, General Electric stock chart just tagged the low pivot from the bottom of the financial crisis in 2008-2009. While scary, it does tell investors there should be some support here. The technical level is $5.50 and the low of day breached it by 0.02 at $5.48.
Based on technical analysis, with the epic double bottom, shares of General Electric are likely to bounce from this level. Anywhere between 10-20% is a likely jump level within the next few weeks. With the General Electric stock chart hitting this major level, swing traders such as me will be looking to accumulate.
See chart here: https://inthemoneystocks.com/general-electric-stock-chart-hits-epic-level/
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com