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inthemoneystock (< 20)

March 2016

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Why Valeant Pharmaceuticals Intl Inc May Jump 50% Tomorrow

March 31, 2016 – Comments (2) | RELATED TICKERS: VRX

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) has had an ugly past 52 weeks. After trading as high as $260 per share, the stock hit a low today of $25.75. So why on earth could it potentially rally 50% in the next month? The answer is surprisingly simple...

The last day of the quarter is today. Hedge funds always sell their biggest losers, especially ones with so much media attention into quarter end. They do this to avoid showing the position on their quarterly statement to clients. This creates added down pressure into quarter end. In addition, no hedge funds would buy prior to the new quarter for the same reason of not wanting the position on their statement to clients. That means, come April 1st, 2016, it is a whole new ball game. The selling from hedge funds should have concluded and there will be some hedge fund buyers taking positions. Assuming no negative news from the company, there is 50% upside in this name over the next month.  [more]

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Bull Flags On Financial Stocks: Alerting Interest Rate Hikes

March 16, 2016 – Comments (0) | RELATED TICKERS: JPM

Almost all major financial stocks have daily bullish flag patterns that have formed. JPMorgan Chase & Co. (NYSE:JPM) is probably the best and can be noted.

Since banks do better in a higher interest rate environment, could this predict that the Federal Reserve will raise interest rates? We will watch the chart close as it will tell us exactly when to enter the trade at the best time...

Chart: https://verifiedinvesting.com/uploads/files/JPM03.16.16.JPG

Gareth Soloway
InTheMoneyStocks  [more]

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Max Target On The NASDAQ 100 ETF

March 14, 2016 – Comments (0) | RELATED TICKERS: QQQ

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) has bounced 12.5% off early February lows. As it continues higher, there are some major technical resistance points to watch.

The first key level approaching is the daily 200 moving average. The second, just above the first is a major trend line that connects recent pivots. These two major levels are $107.85 and $106.60. Anywhere between these two lines, the NASDAQ 100 should have a pullback, most likely major in size.





Gareth Soloway
InTheMoneyStocks  [more]

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Head & Shoulders Pattern On $SPY: Read This Before You Trade It!

March 14, 2016 – Comments (0) | RELATED TICKERS: SPY

The S&P 500 is holding just slightly negative on the day, as volume is insanely light. Why negative? Oil prices are sharply lower, taking some steam out of the recent bull raid on Wall Street.

CHART ALERT: The S&P tracking ETF the $SPY, has a nice pattern formation known as a Head & Shoulders on the intra-day chart.This pattern is a bearish pattern. But before you jump the gun and enter this trade, note the light volume. Like many traders will say, "never short a dull market." While this pattern may be great, as a smart trader you always need to take into account multiple factors, and this is one we are going to have to watch...

Chart:https://verifiedinvesting.com/uploads/files/SPY03.14.2016.JPG

Gareth Soloway
InTheMoneyStocks  [more]

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Retail Stocks Ready To Pull Back: $JCP, $TGT

March 03, 2016 – Comments (0) | RELATED TICKERS: TGT , JCP

Retail stocks have had an epic run higher. After fear that consumers would never spend again swept through the sector crushing every name, reality came back in and they bounced. The bounce gave way to a short squeeze and many of these names like J C Penney Company Inc (NYSE:JCP), Target Corporation (NYSE:TGT) have soared far too high. These plays are setting up as easy shorts, in fact Target Corporation is already dropping 2.5% today. Note the chart below on J C Penny Company. J C Penny has downside to $9.95, then $8.50.  [more]

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S&P Breaks Out: This Is Where It Is Likely Going

March 01, 2016 – Comments (0) | RELATED TICKERS: SPY

The markets sold sharply yesterday. Global worries about growth, energy, banks all on the mind of investors. Today, a totally different story. It all started with Asia overnight. The Nikkei 225, Hang Seng Index and Shanghai all rallied higher as China pumped $700 billion Yuan into their economy. In addition oil held strong following a significant rally off the lows in recent days and Europe also popped higher in early trading. Deutsche Bank AG (NYSE:DB), the most important European bank is rallying over 4% today. The S&P 500 has taken out the technical resistance of 1950 (the pivot high from Friday). This market is in squeeze mode now. Too many shorts thought the market would collapse off the 1950 level. This level was highlighted by many traders on @CNBC and other networks. If you learn one thing, always remember, when too many 'Pros' are saying something, the market will do the opposite.  [more]

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