Use access key #2 to skip to page content.

inthemoneystock (< 20)

May 2014

Recs

1

The Financial Stocks Next Move: (NYSE:JPM) (NYSE:BAC) (NYSE:GS)

May 30, 2014 – Comments (1)

Over the last couple of days the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has been steadily moving higher, making new all time highs. Many media outlets and so call experts are calling for the bull market to continue its rise. However, many cracks are starting to emerge, one must understand these, exercise caution and be ready to trade both sides.

Among the different sectors that I pay close attention to is the Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF). This sector has been unable to make new highs, even as the light volume continues to float the markets higher. Banks such as; JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC), Goldman Sachs Group Inc (NYSE:GS) and other important financial institutions have been falling, in many cases putting lower highs in place and trading below their 200 day moving average as of the close on 4/28/2014

The Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) has been trading in an upward channel for about a year now. Looking at the chart below, please note how each of the bounces have become less sustainable in time. The bottom trend line has been tested multiple times. The first two tests of the line resulted in move away from the bottom of the channel for about four months. The third test resulted in only a two month move away from the line, and the forth hit lasted for only about a month. 

Within the channel, a new trendline emerged which has kept the Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) from moving higher. Notice the sideways pattern developing right above the bottom trend line of this channel. This is telling us that financials are getting ready for another move lower. Perhaps a test of the 200 day moving average is in the cards. The Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) has not tested this important moving average since November, of 2012. Many would consider a move down into the 200 day moving average a buying opportunity. I would not agree with that buy level as the average is now a minor support level due to the consolidation above it. 

When financials cannot move up with the markets, we must pay attention as it has often served as a warning signal. Banks such as JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group Inc (NYSE:GS) and Bank of America Corp (NYSE:BAC) are important global financial institutions. If the smart money is shying away from these equities, there must be a reason. As technical traders we do not need to know why. All we care about is the price action, and at the moment, price action is indicative of weakness creeping into the markets.


Kiliam L.  [more]

Recs

0

What You Must Know About Stock Upgrades ConocoPhillips

May 29, 2014 – Comments (0) | RELATED TICKERS: COP , AAPL

Have you noticed how often a stock will sell off on great earnings, or go high on poor earnings? The reason for this is simple, the earnings reported by these companies, or any information for that matter, is already baked into the cake. And this cake, is the stock price. You all know that most of these analysts on TV are promoting a stock often because they own it. Most of the time they want to exit their position of the stock so they push the public to buy it so they can sell it. Or they promote how bad a stock is, so they can buy from the little guy it at a better price.  [more]

Recs

0

When This Line Breaks, Markets Sell Hard: SPDR S&P 500 ETF Trust

May 29, 2014 – Comments (1) | RELATED TICKERS: SPY

his channel on the chart of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) shows traders and investors something amazing. It gives precise insight as to when the markets will break down. Please note how both trend lines are perfectly parallel to each other. To discover when a major break down is coming, simply look for the break below the channel. As soon as that happens, the market will sell sharply. Look for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) to drop sharply following that break to a level of $188.50. The SPDR S&P 500 ETF Trust is trading at $191.78 currently.  [more]

Recs

0

The Fatal Amateur Trader Mistake

May 28, 2014 – Comments (0)

Right now, the media and nearly every financial outfit is promoting how the market is stagnate and that no one is making money in this environment. The fact is, those who get sucked into this media hype are the amateurs and ill informed. The Pros are trading, while the amateurs are sitting there listening to the talking heads. Just take note of my Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) example which I explain below. Your first step to making money in the markets would be to turn off the TV, tune out the media and don't take stock tips from the bagel guy! The only thing you need to do is stay focused on what works and has worked centuries, reading the charts. The charts will give you a clear picture of what is happening, without emotion, without noise.

The media has a great way of discouraging people from learning and taking control of their own financial independence. Then you have all of these financial institutions who want you to blindly hand over your money to them, so they can gamble it away. History has repeatedly showed us examples of how both the media and large financial institutions are not the answer for those looking to protect or grow their hard earned money. Do you recall the epic collapses such as, The Tech bubble of '99-'00, the Financial Crisis and many others; on all instances the public was caught on the wrong side of the trade, after massive run ups in the markets. All of these market busts wiped out all, if not most of the public's original investments, while top executives of these major financial institutions walked away with millions.

As investors or traders we must follow charts as they don't lie to us. The charts will not feed us information because they have an ulterior motive. Such as the media selling a popular "headline," or financial institutions who may get higher commissions on risky (or any) investments; the charts are a true representation of what is happening and what is coming. When read correctly, charts have a much higher probability of predicting future price moves than any other means. Therefore, charts allow us to position ourselves on the right side of the trade.

Let's take a quick look at how trading based on the charts has performed versus other means...

Just a couple of weeks ago, Elite Round Table members were alerted to short Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH). Shortly after the position was entered, the popular ETF fell and the trade was closed out for a 2.86% net gain. Around the same time period, while many uninformed traders would have bought (gone long) Macy's, Inc. (NYSE:M), our members were alerted to short the name at a price of $58.30. We exited the Macy's trade prior to the earnings release for a net gain of 4.8% within 10 trading days. We were closing the trade for a profit, while the amateurs who treat investing like gambling were placing bets based on Macy's earnings. Why do I say trading earnings is gambling? Just ask yourself, how many times have you seen a stock go lower on great earnings, or higher on poor earnings? The answer is simple, this information was baked into the cake, and the cake is the charts. Again during April, as media started to panic over a mild pull back the markets were having, that panic gave a clear signal a bounce was coming. We scanned the charts, and determined that SINA Corp (NASDAQ:SINA) was a great trade at a price of $50.27, which is where we entered. Yes you guessed right, within three trading days the trade was closed out for a net gain of over 11%.

This Tuesday, I alerted my followers via twitter and our members forum "Traders Life 24/7" that $22.31 will be a resistance level on the Select Sector Financial Slct Str SPDR Fd(NYSEARCA:XLF) which tracks financials. A few hours later, the popular ETF pierced the $22.31 level by one penny, and sold off all day long even as the markets moved up. Days prior to today's move, I posted the XLF chart which alerted me to the level and another high probability trade. There is no guessing or gambling when it comes to trading the charts. These are just some of the latest examples of real trades we have taken by utilizing the charts of stocks. If you followed the media hype or many of the "Pros" on TV, you likely would have been on the wrong side of these trades. If you read the charts as we did, you would have earned great profits in the past few weeks.

So, when considering the facts, why would anyone stay on the sidelines, follow the herd or the hype? Why not trade and profit consistently like the professionals who utilize the charts? If you are reading this now it must mean that you have some concern with your finances, and that is great. However, your finances are just that, YOURS! So as I said in the start of this article (which may have turned into a personal rant against the media hype and greedy institutions), do not be the amateur or the ill informed who blindly follow the herd. Take control of your financial future by learning to read the charts and avoiding the noise. Once you break out of the mold, and move from the amateur investing minded to the informed, you will see the markets in entirely new light. Stock charts are right there in front of you for you to learn and trade from, start utilizing them now.

Kiliam L.
Elite Round TableInTheMoneyStocks.  [more]

Recs

0

Twitter Inc Bull Flag Starts To Play Out: Did You Own It?

May 28, 2014 – Comments (0) | RELATED TICKERS: TWTR

Twitter Inc (NYSE:TWTR) is ripping higher today. The stock is trading at 32.32 +1.81 (5.93%). Many woke up this morning, shocked the stock was moving up after showing relative weakness the past few days. To those that recognized the daily chart pattern, this was no shock. They all are making great profits on Twitter Inc.  [more]

Recs

0

Even High Oil Can't Fuel Solar City Corporation

May 28, 2014 – Comments (0) | RELATED TICKERS: SCTY

Solar stocks such as Solar City Corporation (NASDAQ:SCTY) can barely muster enough energy to get some daily movement these days. That is something that was unthinkable just a few months ago. This stock had an amazing power surge in 2013, as it easily outpaced the broader markets, gaining an eye popping 375%! It looked like 2014 was going to be no different for Solar City Corporation (NASDAQ:SCTY) as it shot out of the gate, and made a new all time high of $88.35 on February 26. That's the day the sun stopped shining so bright for this name.  [more]

Recs

0

Lululemon Athletica Inc Continues To Be A Downward Dog

May 28, 2014 – Comments (1) | RELATED TICKERS: LULU

This morning, leading athletic apparel manufacturer and retailer Lululemon Athletica Inc (NASDAQ:LULU) is declining lower by 0.83 cents to $44.05. The stock price of Lululemon Athletica Inc topped out in June 2013 at $82.48 a share, so the stock has steadily dropped over the past year. It should be noted, stocks that are in solid down trends such as Lululemon Athletica Inc are very difficult to find solid support levels for a buying opportunity. Often, traders and investors must look back at the charts and see where the stock based or pivoted in order to find solid support. The charts are now saying that Lululemon Athletica Inc stock will be supported around the $41.00 level. This is an area where the institutional money will likely defend the stock in the near term. Should that level fail to hold as support the next major support area will be around the $33.00 area. Either way, Lululemon Athletica Inc stock still has further to decline in the near term before the big money steps up and defends the stock.     [more]

Recs

1

Gold Mining Stocks Look Tarnished

May 27, 2014 – Comments (0) | RELATED TICKERS: GDX

This morning, many of the leading gold mining stocks are coming under some sharp selling pressure. The highly followed Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading lower by 0.51 cents to $22.78 a share. Traders and investors must note that the current pattern on the daily and weekly chart of the Market Vectors Gold Miners ETF is still weak and bearish. The current price of the GDX is trading below the important 50 and 200-day moving averages, this is also a sign of near term weakness.  [more]

Recs

0

Goldman Sachs (NYSE:GS) Is Talking To Us

May 27, 2014 – Comments (0) | RELATED TICKERS: GS

For the past five years, stocks like Goldman Sachs Group Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) have led the rally in the stock market after being decimated during the Financial Crisis of 2008. After the "Too Big To Fail" banks were bailed out by the taxpayer, they have been able to borrow money from the Federal Reserve at 0%. They would use that money to buy US Treasuries and earn the interest - that's a nice free money policy, especially for the bankers who all basically went bust!  [more]

Recs

4

Is Apple Inc. Headed To New All Time Highs?

May 23, 2014 – Comments (1) | RELATED TICKERS: AAPL

We all remember the story back in 2012, how Apple Inc. (NASDAQ:AAPL) was the "must own" stock which could do no wrong. Analysts were in love with it, they were all topping one another with upgrade after upgrade. Some were even slapping price targets of $1000. The stock did not disappoint as it kept climbing higher, day after day, week after week. Apple Inc. (NASDAQ:AAPL) was getting close to the $700 level and it became a matter of when, not if it would make new highs.  [more]

Recs

0

InterCloud Systems Inc, The Next Google Takeover

May 22, 2014 – Comments (0) | RELATED TICKERS: GOOG , ICLD

Yesterday, news came out that Google Inc (NASDAQ:GOOGL) has a reserve of 20 billion which can be used for takeovers in the technology sector. The most valuable thing these days on the internet is user data and compiling personal information. As we all know by now, when it comes to user data, Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOGL) are some of the biggest data miners in the world. Now with those reserves, we can be sure Google will go shopping for more data.   [more]

Recs

0

Tiffany & Co. Earnings Show Economy Stinks For All But 1%ers

May 21, 2014 – Comments (0) | RELATED TICKERS: TIF

Tiffany & Co. (NYSE:TIF) reported blockbuster earnings that smashed expectations. In the last few days, many other retailers have also reported earnings that were ugly. So why the divergence? Why is Tiffany & Co. doing so well while retailers like Target Corporation (NYSE:TGT) are doing so poorly? The answer is simple. This shows the growing divide between the rich and poor as the middle class is vanishing. High end retailers like Tiffany & Co. are doing well while any retailer that targets the middle class or poor is doing horribly. Expect this trend to continue in the near term as the middle class and poor are saddled with debt and low paying jobs. Tiffany & Co. will most likely continue to perform well.  [more]

Recs

0

Twitter Inc Buy Signals Emerge: See It Here

May 20, 2014 – Comments (1) | RELATED TICKERS: TWTR

Twitter Inc (NYSE:TWTR) has fallen from a high near $75 to a recent low near $29.50. All this in 2014 when the markets have chopped sideways. The stock is currently trading at 31.71 -0.36 (-1.12%). Bullish signals are emerging and Twitter Inc just might be a great swing trade over the next few weeks. Let's look at the factors that make this a bullish play.  [more]

Recs

0

The SPDR S&P Retail ETF Is Not On Sale Yet

May 20, 2014 – Comments (0) | RELATED TICKERS: XRT

This morning, the SPDR S&P Retail ETF (NYSEARCA:XRT) is declining lower by 1.85 percent to $82.35 a share. The drop in the SPDR S&P Retail ETF comes after disappointing earnings by Urban Outfitters Inc (NASDAQ:URBN), The TJX Companies, Inc (NYSE:TJX), Dick's Sporting Goods Inc (NYSE:DKS), and Staples, Inc (NASDAQ:SPLS). This current daily chart pattern is very weak as the price on the SPDR S&P Retail ETF is trading below the important 50 and 200-day moving averages. Anytime an equity trades below these key moving averages it is a sign of near term chart deterioration. Traders and investors should now expect the SPDR S&P Retail ETF (NYSEARCA:XRT) to trade down to the $77.45 level before finding any solid daily chart support.  [more]

Recs

0

The Nasdaq (NASDAQ:QQQ) Chart Is Talking To Us

May 20, 2014 – Comments (0) | RELATED TICKERS: QQQ

Most amateur traders will look to the Dow Jones to determine strength or weakness in the stock market. The Dow index is the most loved by the media, and the most useless to real experienced traders. As a pro trader I am always looking for the best risk reward trade based on the charts and technical analysis. I do not care what the news is saying about a company, I avoid news and hype surrounding stocks at all costs.  [more]

Recs

1

McDonalds Corp Pulls Back From Weekly Chart Double Top

May 19, 2014 – Comments (0) | RELATED TICKERS: MCD

This morning, leading restaurant stock (NYSE:MCD) is declining lower by $1.29 to $101.85 a share. On May 14th, 2014 McDonalds Corp stock just hit a double top resistance level on the weekly chart at $103.70 a share. Traders and investors should note that the stock is still in an up-trend despite the sell-off today. This tells us that the stock will likely find solid daily chart support for a bounce around the $98.50 level. This is a support area for McDonalds Corp stock that was prior chart resistance. Traders and investors must understand that old resistance points on a chart will usually serve as support when the stock pulls back from new highs.  [more]

Recs

0

Trading Social Media Stocks: Facebook Inc, Twitter Inc

May 19, 2014 – Comments (0) | RELATED TICKERS: TWTR , FB

The past few weeks, the social media sector has seen some massive selling. Stocks like Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Yelp Inc (NYSE:YELP) got crushed. Investors appear to be worried that these companies will generate less revenue than expected. However, if there is one thing we know, its when the general public thinks something will happen, it typically does not. This is considered the contrarian view, and using it combined with technical analysis will help you locate great stocks to buy and sell. Furthermore, when the general public loads up on one side of the trade, either long or short, that is a big signal for the institutions to take the opposing side of the trade and squeeze out the small guy for a loss. Remember, it is the institutions that move stocks, not the mom and pop with a few thousand or hundred shares of a stock.   [more]

Recs

1

The Tech Stock Trade: Cisco

May 16, 2014 – Comments (0) | RELATED TICKERS: CSCO

Yesterday, Cisco (NASDAQ:CSCO) reported earnings. Cisco is one of those old tech stocks, like Yahoo (NASDAQ:YAHOO), Microsoft Corporation (NASDAQ:MSFT) and IBM (NYSE:IBM). One thing they all have in common is the possibility of going lower in the coming days. Also important to note is that the major indices, specifically the S&P500 (NYSEARCAPY), saw some selling after making a new high.  [more]

Recs

0

Is Apple Inc. The Death of SIRI?

May 16, 2014 – Comments (0) | RELATED TICKERS: AAPL , SIRI

When looking at the chart of Sirius XM Holdings Inc. (NASDAQ:SIRI), it is not hard to predict who will win this war of becoming the preferred software and music service in everyone's cars. Yes, you guessed right; without a doubt, it will be Apple Inc. (NASDAQ:AAPL). After all, the iPhone is one of the most popular devices among smartphone users. Also, most high and medium priced vehicles come with adapters specially designed for the iPhone already. Did I forget to mention that Apple Inc. (NASDAQ:AAPL) has a free streaming music service? Why will users continue to pay a monthly fee for a service that will be free for many with the CarPlay integration?    [more]

Recs

1

How Low Will The Euro Go?

May 15, 2014 – Comments (0)

On May 5th, 2014 the EUR/USD put in a short term top at 1.39934. This high pivot on the EUR/USD chart came as the European Central Bank (ECB) announced that they would keep their key interest rate unchanged. At that time, many traders and investors were expecting the ECB boss Mario Draghi to begin to lower interest rates. Well, we all know that he did not lower interest rates, but Mario Draghi did make a statement promising that he will lower rates in June. While the ECB boss is known for jawboning the markets in the past he will likely have to act in June or start to lose credibility.

Today, the EUR/USD has been very volatile by trading as low as 1.3648 and then bouncing higher to above 1.37. Where is the EUR/USD currency ultimately headed? Should the Euro currency trade and close below the 1.3694 level on a weekly chart then the Euro will be headed down to the 1.339 level. It is important to understand, until that support level is broken on a weekly chart basis the Euro currency could actually bounce slightly higher in the near term. The reason for a potential near term bounce is two fold. First, the U.S. Dollar Index is likely to decline in the near term, and any dip in the U.S. Dollar Index will naturally push the Euro currency higher. Please understand, the U.S. Dollar Index represents the U.S. Dollar against a basket of six leading currencies including the Euro. Second, the Euro is actually short term oversold at this time, and the February 27th, 2014 pivot low is actually near term support. That support level was tested earlier today and that support level has held up nicely so far.

As long as central banks keep talking on a daily basis traders should expect the Euro currency to be very volatile. The key to seeing a major breakdown in the EUR/USD is to wait for a weekly chart close below 1.3694. A weekly close below that important level should signal a sharp decline down to the 1.339 level where there will be major weekly chart support for the Euro. Some ways that traders can follow the U.S. Dollar Index is to track the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP). The Euro currency can be followed by tracking the  Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE).  [more]

Recs

2

Short Warren Buffet: Berkshire Hathaway Inc. Is Headed Lower

May 14, 2014 – Comments (5)

Warren Buffet is hailed by the investing public as one of the greatest investors that ever lived. While this may be true, stock in Berkshire Hathaway Inc. (NYSE:BRK.B) is heading lower and soon. Let's look at the many reasons to short Berkshire Hathaway Inc.  [more]

Recs

0

Dr. Reddy's Laboratories Limited Needs Some Medicine

May 14, 2014 – Comments (0) | RELATED TICKERS: RDY

Dr. Reddy's Laboratories Limited (NYSE:RDY) is a leading drug manufacturer based in India. The stock has decline sharply over the past three trading sessions losing nearly $5.00 in that time. Yesterday, Dr. Reddy's Laboratories Limited reported earnings that were not well received by investors and this is the primary reason for the weakness in the stock price. Traders and investors should now watch for daily and weekly chart support around the $38.70 level. This is an area on the chart that was a former basing pattern before a breakout in 2013. Often, stocks will return to their former breakout levels before being defended and staging a bounce.  [more]

Recs

0

At War: Market Vector Russia ETF Trust Crosses The Thin Red Line

May 13, 2014 – Comments (0) | RELATED TICKERS: RSX

What you are about to read will not focus on political views, sanctions or any other fuel added by the media to this existing crisis. All of that information is simply noise. What matters to us as technical analysis traders is very simple, the charts. The following chart is telling us that a war has already begun, as "The Thin Red Line" on the Market Vector Russia ETF Trust (NYSEARCA:RSX) has been broken.   [more]

Recs

0

Citrix Systems Inc Causes Rain Storm for the Cloud

May 13, 2014 – Comments (0) | RELATED TICKERS: CTXS

This morning, leading cloud computing stock Citrix Systems Inc (NASDAQ:CTXS) is coming under some early morning selling pressure. Earlier today, there was news released that Microsoft's cloud based Mohoro Project will compete with Citrix Systems Inc. This news is causing the stock to trade lower by 0.71 cents to $60.33 a share. Day traders should watch for solid intra-day chart support around the $59.47 level. This is an area on the hourly chart where Citrix Systems Inc stock could stage a decent bounce on the trading session.  [more]

Recs

0

Money Flow Shifts: Chevron Corporation vs. Twitter Inc

May 12, 2014 – Comments (0) | RELATED TICKERS: TWTR , CVX

Chevron Corporation (NYSE:CVX) missed earnings and revenue numbers just weeks ago yet the stock is trading near 52 week highs. Twitter Inc (NYSE:TWTR) growth numbers came in light and this stock is off its all-time highs by over 60%. What is going on? Why such different reactions? This price action is a great example about how market sentiment leads money flow and is far more important than actual fundamentals. Twitter Inc and Chevron Corporation are great examples of how the money flow over the last few months has gone from high tech, high beta names into safe, dividend paying names.  [more]

Recs

0

Trade Colgate-Palmolive Co Here For Clean Profits

May 12, 2014 – Comments (0) | RELATED TICKERS: CL

Colgate-Palmolive Co (NYSE:CL) is a leading consumer products company that is declining lower at the start of the trading session. This decline in Colgate-Palmolive Co stock price comes despite the rally in the major stock indexes such as the Dow Jones Industrial Average, and the S&P 500 Index. This tells us that Colgate-Palmolive Co stock is showing weak relative strength during today's trading session. Day traders should watch for solid intra-day chart support around the $66.90 level. This is an area where the stock should receive institutional sponsorship and bounce higher. 

Some other leading consumer products stocks that are trading lower on the session include The Clorox Company (NYSE:CLX), The Procter & Gamble Company (NYSE:PG), and Kimberly-Clark Corporation (KMB).  [more]

Recs

0

Alcoa Inc (NYSE:AA) Will Drop 20% In The Next Six Months

May 09, 2014 – Comments (3) | RELATED TICKERS: AA

Alcoa Inc (NYSE:AA) has gone from $7.70 to its recent 52 week high of $14.00 in less than one year. This run was on the back of hopes for a stronger global economy. That dream is fading and with it the stock price of Alcoa Inc is set to drop sharply. If you look at everything about the global recovery, you come back with question marks. Where is it? China is slowing, Europe is in shambles, economic sanctions are on Russia and the United States just reported GDP at 0.1% for the first quarter of 2014. As if that was not enough to put a major overvaluation on Alcoa Inc, the Federal Reserve is pulling liquidity out of the system at a $10 billion monthly clip. The balance sheet of Alcoa Inc is also troublesome. They have almost $8 billion in debt and are barely turning a profit. Their whole future rests in the hands of the global economy and after a five year recovery that was mediocre at best, the next recession is not far away.  [more]

Recs

0

Phillips 66 (NYSE:PSX) And Oil Refinery Stocks Run Out of Gas

May 09, 2014 – Comments (0) | RELATED TICKERS: VLO , PSX

One important industry group that is trading lower today is the oil refinery stocks. Leading refinery stocks such as Tesoro Corporation (NYSE:TSO), Valero Energy Corporation (NYSE:VLO), Phillips 66 (NYSE:PSX), HollyFrontier Corporation (NYSE:HFC), and Marathon Petroleum Corporation (MPC) are all declining at the start of today's trading session. When all of the leading stocks in an industry group decline together, it tells us that distribution is taking place by the large institutional holders.  [more]

Recs

0

Rocket Fuel Inc. (NASDAQ:FUEL) Out Of Gas...

May 09, 2014 – Comments (0) | RELATED TICKERS: FUEL

Rocket Fuel Inc. (NASDAQ:FUEL) just released its Q1 results for 2014 and is getting torched afterhours, pardon the pun.  Rocket Fuel Inc. reported a 95% increase in revenue which sounds great but they also reported a larger than expected loss. The stock is down 25% after hours trading at $20.75. Rocket Fuel Inc. is a digital advertising company and there is definitely no fuel in the tank after these earnings.  [more]

Recs

2

Why Banks Like JPMorgan Chase & Co. Should Be Avoided

May 08, 2014 – Comments (1) | RELATED TICKERS: JPM

JPMorgan Chase & Co. (NYSE:JPM) is trading slightly higher on the day at $54.30 +0.25 (0.46%). However, over the past month the stock has fallen from $61.50 to its current level. This is a drop of 11.6%.  JPMorgan Chase & Co. has fallen sharply while the Dow Jones Industrial Average and S&P 500 have stayed near their all-time highs. This shows major relative weakness. Investors are starting to wonder if there is something fundamentally wrong with JPMorgan Chase?  [more]

Recs

0

Gulfport Energy Corp Sinks Like A Ship, Watch This Bounce Level

May 08, 2014 – Comments (0) | RELATED TICKERS: GPOR

Gulfport Energy Corporation (NASDAQ:GPOR) is a leading independent oil and natural gas exploration and production company. Today, the stock price of Gulfport Energy Corporation is falling sharply lower by 18.5 percent to $59.48 a share. The company reported earnings that were below Wall Street expectations. The stock has been downgraded by numerous brokerage firms today and this is certainly weighing on Gulfport Energy Corp's stock price. Swing traders should now watch for solid daily chart support around the $56.00 level. This is an area where the stock was defended by the large institutional money in January 2014. Currently, Gulfport Energy Corp's stock price is trading on the 50-week moving average and that is probably helping to keep the stock price at its current level in today's trading session.  [more]

Recs

0

Whole Foods Market Inc Has Been Cut In Half, Watch This Buy Level

May 08, 2014 – Comments (0) | RELATED TICKERS: WFM

Whole Foods Market, Inc. (NASDAQ:WFM) is the largest retailer of natural and organic foods. While many people love the store they are not loving the stock price right now. Whole Foods Market Inc stock topped out on October 28, 2013 at $65.59 a share. Currently, the stock of Whole Foods Market Inc is trading around $38.96 a share. The company recently reported earnings that disappointed investors, this earnings report caused the stock price to tumble lower by nearly $10.00 after the announcement. Swing traders should now focus on the $34.50 level as important chart support. This is a major technical chart level that tells us the institutional money will support the WFM stock around this area. Whole Foods Market Inc cited increased competition for the decline in business.  [more]

Recs

0

Alarm Bells Ring On FireEye Inc

May 07, 2014 – Comments (0) | RELATED TICKERS: FEYE

There is definitely a fire at FireEye Inc (NASDAQ:FEYE). This internet security firm posted earnings that beat expectations but lowered guidance going forward. The market is punishing high beta stocks like FireEye Inc if they do not have 100% amazing results, all the way around. Any small slip up is being used as a reason to dump the stock and rotate money into safer equities that pay dividends. This rotation of capital is punishing FireEye. This stock hit a all-time high of over $97.00 per share in early March 2014. Today, less than two months later, FireEye Inc is trading at $27.36.  [more]

Recs

0

AOL, Inc. Tumbles: Where To Buy It

May 07, 2014 – Comments (0) | RELATED TICKERS: AOL

Earnings did not show a pretty picture for AOL, Inc. (NYSE:AOL). The stock is tumbling today after missing profit estimates. While down big on the day, it does not mean AOL, Inc. is a good buy. In the same respect, it does not mean it still has more downside. To determine where it is going, we must look at the chart and find the key support level where reward becomes large while risk is diminished.  [more]

Recs

0

3 Ways To Trade A Mature Bull Market

May 07, 2014 – Comments (1)

It amazes me to this very day that so many people in the financial media are still looking for 30 percent gains this year. Does anyone realize, this bull market which began in March 2009 is over five years old now? Most bull markets will last between three and four years in length, but this current bull market has lasted much longer, on the back of the easy money by the central banks around the world. In fact, the S&P 500 Index has not even had a 10.0% correction in over a year on the back of the current easy money stimulus. So while this bull market is very long in the tooth, it becomes tougher and tougher to make money for the average investor who is not aware of how to trade it. Just look at the S&P 500 Index in 2014, it has traded in a choppy sideways range since January.  [more]

Recs

0

Twitter Inc Tumbles But Is Near A Major Bottom

May 06, 2014 – Comments (1) | RELATED TICKERS: TWTR

I shorted Twitter Inc (NYSE:TWTR) $70.35 earlier this year. I did so because there was total euphoria, greed and every other adjective to describe investors buying without any worry in the world. It was an obvious top. Today, Twitter Inc is trading at $34.43 - 4.32 (-11.15%). Amazing drop from its highs. As panic sets in, I am starting to find the stock very attractive. The panic selling today is telling me it is getting close to a near term bottom. I stress 'close', as it still should go a little further to the downside. Ultimately, I am looking at the $32.75 area with a small possibility of buying more on a break of $30.00. This range is extremely high reward and could be seen this week. When investors and the media bash and spread fear, smart investors get very interested in buying a stock like Twitter Inc.  [more]

Recs

0

Today's Stock Market Action: Markets Propped By Federal Reserve

May 05, 2014 – Comments (2)

Last Friday, the Jobs Report revealed some troubling things. While the headline numbers were solid, many questions were raised as the large drop in unemployment was a result of a huge amount of people dropping out of the work force. The markets popped on the headline number, only to sell off after.  [more]

Recs

1

Clorox Gets Bleached

May 05, 2014 – Comments (0) | RELATED TICKERS: CLX

This morning, the leading consumer products manufacturer Clorox Company (CLX) is declining sharply lower. Today, the stock is falling by $2.13 to $87.40 a share. Swing traders should look for near term daily chart support around the $87.00. This is a level on the charts where the institutional money will generally support the stock. Should the stock decline below the $87.00 area the next important support levels for CLX stock are $85.88, and $84.30. Some other leading personal consumer products companies that are also declining lower on the trading session include Colgate-Palmolive Co. (CL), and Kimberly-Clark Corporation (KMB).  [more]

Recs

1

Twitter In The Sh**ter, But Is It Ready To Glitter

May 02, 2014 – Comments (0) | RELATED TICKERS: TWTR

The year 2014 has not been too kind for the share price of Twitter Inc. (NYSE:TWTR). It was recently down over 40% YTD and over 50% from its all time high of 74.73 set back on Dec. 26, 2013. Since these lofty levels it has been in a steady decline. The financial media, who once touted this name has really turned its back on it. The most intriguing part has been that it has occurred in just over 4 months!  [more]

Featured Broker Partners


Advertisement