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inthemoneystock (< 20)

August 2014

Recs

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Splunk Inc Will Be Sunk At This Level

August 29, 2014 – Comments (0) | RELATED TICKERS: SPLK

Today shares of software maker Splunk Inc (NASDAQ:SPLK) are soaring by around 20% as the company came out with earnings and guidance that the street is loving. The stock had a gap up higher and has basically gone up all day with minor pullbacks, which are probably points where traders and investors are taking profits. As a pro trader who makes a living from day trading and swing trading by utilizing charts, I see an extremely interesting level where money can be made on the short side. I have isolated $56.45 area as stiff resistance for Splunk Inc (NASDAQ:SPLK) to stall out. This level has been singled out using proprietary techniques and will be where I step up to short this high flyer.




Parm Mann
InTheMoneyStocks.com  [more]

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Amazon.com, Inc. Weekly Pattern Could Profit Longs

August 29, 2014 – Comments (0) | RELATED TICKERS: AMZN

The stock price for Amazon.com, Inc. (NASDAQ:AMZN) hit an all time high of $408.06 back on January 22, of this year. This equity was considered to be the teflon play on Wall St. It seemed like anybody who tried to short it was met with a rude awakening, as the share price just kept climbing higher. Anyone who ever tried to come up with a fundamental case against its valuation, was also made to look foolish.  [more]

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Quick Analysis For Trading Apple Inc. Now

August 28, 2014 – Comments (0) | RELATED TICKERS: AAPL

Stock charts are our tool for locating great trades in the markets before the general public, talking heads in the media and so many others. Reading the charts right will enable you to trade stocks with a consistently higher percentage for winning compared to any other means of analysis. Charts will also allow you to eliminate all emotion and noise, giving you a clear view on the stocks future direction.

Now let's take a look at the Apple Inc.(NASDAQ:AAPL) charts and see what it is telling us...

September will bring a new Iphone launch by Apple Inc. (NASDAQ:AAPL). Now with all this AAPL pumping on CNBC and other financial programs, it makes me start to get interested on the opposite side of the trade, the short side. Just 2 years ago we touched an all time high on Apple, now we are making new highs again today. This recent rally has spanned the period of 20 weeks. By any means, the charts are indicated that an opportunity for making money on the short (downside) is in the cards. I will be waiting and ready for this trade to present itself next week. Yes AAPL can still go higher, but the near-term high will be around the corner. I can see Apple Inc. (NASDAQ:AAPL) going back to $90 a share on this classic buy the rumor sell the news trade, which is clear as day when looking at the chart!

Kristof De Block
InTheMoneyStocks.com
  [more]

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Navigating A Great Stock Trade, Garmin Ltd.

August 28, 2014 – Comments (0) | RELATED TICKERS: GRMN

Yesterday Garmin Ltd. (NASDAQ:GRMN) dropped by about 5%, while the overall markets were flat. If you read the GRMN chart, you would have noticed a picture perfect bearish set up.  [more]

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"Like" This Level For Facebook Inc To Profit

August 27, 2014 – Comments (0) | RELATED TICKERS: FB

Today shares of Facebook Inc (NASDAQ:FB) are down over 1.5%. The social media giant was downgraded and as a result the stock is seeing red, while the major indexes are slightly green. Earlier today members were given a level for a trade at $74.50 based on proprietary techniques and easy money was made within minutes. The next level I really "like" for a bounce on Facebook Inc (NASDAQ:FB) is right around $73.90. There is a nice up sloping trendline there and a couple other factors which are only privy to members. This is just an example of how one can use simple yet extremely effective tools to make quick cash!  [more]

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Halliburton Company Getting Drilled

August 27, 2014 – Comments (0) | RELATED TICKERS: HAL

This morning, the leading oil services stock Halliburton Company (NYSE:HAL) is declining lower at the start of the trading day. Halliburton Company (NYSE:HAL) stock is declining lower by $1.45 to $68.35 a share. It should be noted that today's decline in Halliburton's stock is isolated to just the stock and not the entire oil services sector. Most other oil services stocks such as Baker Hughes Incorporated (NYSE:BHI), Transocean Ltd. (NYSE:RIG), and Schlumberger Limited (NYSE:SLB) are trading higher today. Day traders should note that Halliburton company stock will have intra-day support around the $67.74 level. 





Nick Santiago
InTheMoneyStocks.com  [more]

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Watch This Key Trendline On Cliffs Natural Resources Inc

August 26, 2014 – Comments (0) | RELATED TICKERS: CLF

Iron ore producer, Cliffs Natural Resources Inc (NYSE:CLF) has been under performing the markets as of late. The stock has basically gone in the opposite direction of the equity markets. While this is definitely a negative correlation and should not be overlooked, I can't help but notice an interesting up sloping trendline which is holding the stock from further declines.  [more]

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VMware Inc Approaches The 50-Day Moving Average

August 26, 2014 – Comments (0) | RELATED TICKERS: VMW

This morning, the leading cloud computing company VMware Inc (NYSE:VMW) is declining lower by $3.00 to $97.82 a share. The stock is now trading near its important 50-day moving average which is now around $91.62. Swing traders should now watch for daily chart support around the $96.20 level. This chart level was important support for VMware Inc stock in July. Often, this area will be defended when initially reached again.  [more]

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Go Profit from this GoPro Inc. Short

August 26, 2014 – Comments (0) | RELATED TICKERS: GPRO

GoPro Inc. (NASDAQ:GPRO) debuted as a publically traded company back in June 2014. It has performed very well since its IPO trading as high as $49.90 before pulling back. With the pattern forming on the daily chart I am seeing good resistance for this equity around the $47.00 level.

Evan Poechman
InTheMoneyStocks.com

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Engineering Of A Break Out, Jacobs Engineering Group Inc

August 25, 2014 – Comments (0) | RELATED TICKERS: JEC

Over the last few weeks, Jacobs Engineering Group Inc (NYSE:JEC) has been attempting to break above a key trend line on the daily chart as shown in the chart below. However, the stock has failed to breakout time after time. Now, our proprietary technical analysis indicates that this time around Jacobs Engineering Group Inc (NYSE:JEC) has a high probability of breaking above this key trend line. I will be waiting for another proprietary signal revealed in the charts to alert of exactly when to enter this trade in the long side.

At this time Jacobs Engineering Group Inc (NYSE:JEC) is missing a key consolidation time count. Should Jacobs Engineering Group Inc (NYSE:JEC) move sideways for a few more days.


Source: http://www.inthemoneystocks.com/images/bryan/jjc.png


Kiliam Lopez
InTheMoneyStocks  [more]

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Biotech Mergers Propel Index Into Major Double Top

August 25, 2014 – Comments (0) | RELATED TICKERS: IBB , ROG

The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) is surging again today after another bio buyout. Roche Holding Ltd. (VTX:ROG) bought out InterMune Inc (NASDAQ:ITMN) for $8.3 billion. This biotech index double top is going to be a sick shorting level and has almost arrived. The level on the chart is $275.00 and is about 1% away now. Look for this level to be hit later this week. I will most likely be initiating a short at this level.

Gareth Soloway
InTheMoneyStocks.com

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Going Long SanDisk Corporation Is A Risk

August 25, 2014 – Comments (0) | RELATED TICKERS: SNDK

Back on July 17 of this year shares of SanDisk Corporation (NASDAQ:SNDK) took a nose dive and had a single day drop of 14%! Bulls of the data storage company were sure left out in the cold on that summers day. Over the past month SanDisk Corporation (NASDAQ:SNDK) share price has slowly moved higher but by no means is it near its all time high of $108.77. The chart of Sandisk is nearing an interesting level of $100, that is level where there is a "gap window" and will provide stiff resistance and perhaps even a short. If this short plays out the way I think then this stock could easily get smacked backed down to $98 and even as low as $95.





Parm Mann
InTheMoneyStocks.com  [more]

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S&P 500 Breaks 2,000: One Signal That Suggests It Is A Top

August 25, 2014 – Comments (2) | RELATED TICKERS: SPY

The S&P 500 broke 2,000 this morning. Since then, the markets have rolled over and are now back below that key level. Could this be a top? One signal that suggests we are near or at a top is a topping tail that is forming on the daily chart. Topping tails are extremely bearish signals of a top in place. Essentially it shows that weak money bought the market early and then institutional money sold into it, pushing it back down. Please note the chart below.  [more]

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Three Reasons This Will Be A September To Remember

August 25, 2014 – Comments (0)

As you all know, the NASDAQ Composite and the S&P 500 Index have soared to new 52-week highs. The last stock market correction that took place lasted about eleven trading days into the August 7th, 2014 bottom. Last week, almost every trader and investor had their eyes on the central banker's comments from Jackson Hole, Wyoming. Apparently, the central bankers did not say anything to spook the markets ahead of the U.S. Labor Day holiday. So at this time, everything looks great for the major stock indexes to trade higher into the end of the month. Below I will list three reasons why this current stock rally will likely end soon and cause the month of September to be a month to remember.  [more]

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This Trade Will Rock Your World, Rockwell Automation

August 22, 2014 – Comments (1) | RELATED TICKERS: ROK

A few weeks ago Rockwell Automation (NYSE:ROK) came out with earnings and the stock got rocked. It had a single day decline of over 5% and shareholders of this name were none to pleased. The share price of the industrial automation company continued to fall for another couple of days before finding a low at $109.80. Since that low was put in, Rockwell Automation (NYSE:ROK) stock has slowly clawed its way back and has nearly gained back everything it lost on earnings day. This is where I see a potential for a great short trade to profit from. If this stock continues to rise, the level I have isolated as an entry point to short is $120.50. That is roughly the area where the breakdown occurred and also the 50MA is sloping down and will act as good resistance. If this trade does trigger, investors could see Rockwell Automation (NYSE:ROK) stock fall down to $115.50 rather quickly.  [more]

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Major Deflation Indicator Alert, United States Gasoline Fund, LP

August 22, 2014 – Comments (0) | RELATED TICKERS: UGA

Over the past two months, the United States Gasoline Fund, LP (NYSEARCA:UGA), which tracks gasoline has fallen around 14% from the recent top of $64.27, to a low of $55.16. The drop in the UGA share price occurred after the stock broke a technical major trend line level. 

Many talking heads in the media are looking at this drop and saying that it will benefit the economy. They are promoting that this should be viewed as a positive for the markets going forward. This banter from the talking heads contrasts their words when the UGA rises. At that point they are quick to point out how the increase is viewed as a tax hike on working Americans, and that it has a negative impact on the markets. But is that the case?

During the financial crisis of 2008, this leading indicator of inflationary or deflationary pressure bottomed out three months prior to the markets. The United States Gasoline Fund, LP (NYSEARCA:UGA) made a low of $16.10, during December of 2008 and never looked back. It continued to make higher highs and higher lows until topping out during mid June. The UGA led the markets, until recently. The sharp sell off in the United States Gasoline Fund, LP (NYSEARCA:UGA) is a sign of deflation creeping into the markets, it is certainly something we must pay attention to.

With all the geopolitical tensions around the world, oil and gasoline prices should not have fallen as sharply. The United States Gasoline Fund, LP (NYSEARCA:UGA) as well as oil prices are telling us things contrary to what the media or governments want us to believe; that there is a major slow down in the global economy. The chart of the United States Gasoline Fund, LP (NYSEARCA:UGA) is confirming that.

As traders all we look to do is to be on the right side of any trade. There will be a great buying opportunity for these commodities, and with the right set up on the charts, another shorting opportunity as well. Regardless of the direction of the markets, there is always a trade to profit from it. 




Kiliam L.
InTheMoneyStocks.com  [more]

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Chevron Corp Leads Integrated Energy Stocks Lower

August 22, 2014 – Comments (0) | RELATED TICKERS: CVX

This morning, most of the leading integrated energy stocks are coming under selling pressure. Leading integrated energy stocks such as Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP), and BP plc (ADR) (NYSE:BP) are all declining at the start of the today's trading session. Day traders should watch for intra-day support around the $126.14 level. This is an area that will likely be defended by the institutional money and could give day traders a short term bounce.  [more]

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Mining For Gold Miners, Agnico Eagle Mines Ltd

August 21, 2014 – Comments (0) | RELATED TICKERS: AEM

The precious metals have come under some decent selling pressure, as GOLD is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is currently holding an up sloping trendline. Should this trendline fail as support then this stock is headed straight for $35.30 and then the very attractive buy level of $33.25. Keep this stock on your radar and use those two levels I have given you to make easy money!





Parm Mann
InTheMoneyStocks.com  [more]

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These Charts Break Above Double Top But Can Be Shorted

August 21, 2014 – Comments (0) | RELATED TICKERS: INTC , MSFT

Just two weeks ago, the market was collapsing as Russian tension rose. Many sectors and specific stocks were punished far more than the overall market. Quite a few of these plays have rebounded and are now breaking above their former highs. What investors need to understand is that if these plays took a larger hit in the last mini market pullback, they will again be smoked when the markets have a small drop. In other words, investors ran for the hills more quickly in these names and are still skittish. Here are a few of these names that can be shorted in this upper range.

1. Intel Corporation (NASDAQ:INTC): Double Top: $34.85. Current Pice $34.96. Shorting Level: $35.25.

2. Microsoft Corporation (NASDAQ:MSFT): Double Top: $45.75. Current Price: $45.16. Shorting Level: $46.05.


Gareth Soloway
InTheMoneyStocks.com
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China Small Caps Rip Higher: Eye Other Non Performers...Yet

August 21, 2014 – Comments (0) | RELATED TICKERS: JRJC

Many China small cap stocks are ripping higher, finally catching fire on the back of a Shanghai major rally (10%+ lately). Large caps like Baidu Inc (NASDAQ:BIDU) and Vipshop Holdings Ltd (NYSE:VIPS) have already rallied insane amounts in 2014, however, until recently, the small cap China ADR's have lagged, staying near/at their 52 week lows. That is now changing. Look at stocks like China Finance Online Co. (NASDAQ:JRJC) and China Green Agriculture, Inc (NYSE:CGA). China Finance Online is up more than 100% in the last three trading days.

While these mentioned above have rallied too much to be a buy at this point, there are plenty of solid, profitable Chinese small caps that are still trading at or near 52 week lows. Be on high alert. Do research and find those trading on the NASDAQ or NYSE that are profitable and at their recent lows. They may just be the next mega mover.

Gareth Soloway
InTheMoneyStocks.com

  [more]

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Oil Refinery Stocks Run Out Of Fuel

August 21, 2014 – Comments (0) | RELATED TICKERS: TSO

This morning, the important oil refinery sector is coming under selling pressure. Leading oil refinery stocks such as Tesoro Corporation (NYSE:TSO), Phillips 66 (NYSE:PSX), Marathon Petroleum Corp (NYSE:MPC), and Western Refining Inc (NYSE:WNR) are all declining at the start of the trading session. Day traders should watch Tesoro Corporation stock around the $63.15 level. This is an area where the stock should stage an intra-day bounce.  [more]

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Buy Sears Here

August 21, 2014 – Comments (3) | RELATED TICKERS: SHLD

Sears Holding Corp. (NASDAQ:SHLD) reported earnings today. The stock has since sold off, moving down sharply over 7% to $33.45. SHLD has been trending lower for a few months, and this tells me that when Sears Holding Corp. (NASDAQ:SHLD) reaches a solid support level it should stage a nice bounce for a swing trade.


With that in mind, I have isolated the next best support area where we can buy SHLD for a quick trade. The $30.90 area is a possible bounce level for the stock and we will be watching it very closely as it nears that level to alert us when exactly we should enter the trade. 


Evan Poechman
InTheMoneyStocks.com
  [more]

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Market Rally Is Lacking Energy Select Sector SPDR

August 20, 2014 – Comments (0) | RELATED TICKERS: XLE

The S&P 500 made a low of 1904.78 on August 7, and has basically gone straight up since that day. If you look at the chart, it has formed a perfect "V" and is looking to challenge its all time high of 1991.39. The Nasdaq has definitely lead the charge higher, crossing the 4500 mark for the first time in 14 years! While the markets have moved higher, I notice that the energy sector (as represented by the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has not participated in this rise.

The Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) is a very key sector and was one of the market leaders when the S&P 500 was making new all time highs on a daily basis. The reason for the under performance by this group has primarily been due in large part to the declining price of crude oil, which has fallen by 12% since mid June. This under performance could be foretelling of something that smart investors are not looking at right now. 

So is this energy weakness a buying opportunity?

I have included a chart below showing the weekly chart for the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE). As you can see, it is nowhere near its high watermark of $101.52, which was set back on June 23. Does this mean that the sector will play catch up to the broader indexes? Well with summer winding down and the end of the "driving season" fast approaching, I would suspect further downside could be in the tank. The chart is telling us all this, as it is currently forming a bearish pattern. While these markets have had this impressive rally off the lows, this chart clearly shows it could be lacking the needed "energy" to keep it going.




Parm Mann
InTheMoneyStocks.com  [more]

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United Technologies Bounces: Short It Here, Make Money

August 20, 2014 – Comments (0) | RELATED TICKERS: UTX

United Technologies Corporation (NYSE:UTX) continues to bounce higher. Anytime a stock collapses (like UTX did) and then bounces, it is usually another opportunity to short it. The key is, waiting for the proper chart setup and resistance level. Look for United Technologies to continue higher into next week. If/when United Technologies Corp. hits $112.50, short it. This is a former support level which was broken (now it becomes resistance) as well as the 200 moving average and just above the 50 moving average on the daily chart. Note the chart below of United Technologies Corporation.

Gareth Soloway
InTheMoneyStocks.com
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United Technologies Bounces: Short It Here, Make Money

August 20, 2014 – Comments (0) | RELATED TICKERS: UTX

United Technologies Corporation (NYSE:UTX) continues to bounce higher. Anytime a stock collapses (like UTX did) and then bounces, it is usually another opportunity to short it. The key is, waiting for the proper chart setup and resistance level. Look for United Technologies to continue higher into next week. If/when United Technologies Corp. hits $112.50, short it. This is a former support level which was broken (now it becomes resistance) as well as the 200 moving average and just above the 50 moving average on the daily chart. Note the chart below of United Technologies Corporation.

Gareth Soloway
InTheMoneyStocks.scom
  [more]

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Here Is The Level To Short The Boeing Company

August 20, 2014 – Comments (0) | RELATED TICKERS: BA

The Boeing Company (NYSE:BA) has bounced almost 10% since it made its pivot low on August 6th, 2014. This has been a fantastic pop as the stock market has surged back towards the all-time highs. If you are looking for the perfect chart level to pull off a swing short, you will find it at $130.00. This level is not only a key pivot high hit back in mid-July but also the daily 200 moving average.

Gareth Soloway
InTheMoneyStocks.com

  [more]

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Exxon Mobil Corp Intra-day Bounce Level

August 20, 2014 – Comments (0) | RELATED TICKERS: XOM

This morning, the leading integrated energy company Exxon Mobil Corp (NYSE:XOM) is trading lower by 0.23 cents to $99.26 a share. Exxon Mobil Corp stock has been very weak since July 31, 2014 when it plunged lower on heavy volume. Currently, the stock is trading below the important 50-day moving average which is a sign of weakness. Today, day traders should watch for solid intra-day support around the $98.65 level. This was an area that was defended on August 15th and should be good for an intra-day bounce in the stock.  [more]

Recs

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Trade Setup Alert, Boston Scientific Corporation

August 20, 2014 – Comments (0) | RELATED TICKERS: BSX

Over the past week Boston Scientific Corporation (NYSE:BSX) has been forming a bearish pattern. As you can see in the chart below, it is now trading below the 20, 50 and 200 daily moving averages. Over the last few trading days Boston Scientific Corporation (NYSE:BSX) has been unable to trade above the wide range red candle put in place on August 7th.

Now is a time for the active trader to consider entering a short position on the stock. Should you take this short trade on Boston Scientific Corporation (NYSE:BSX), the downside target will be $11.93. At that level traders should take profits. Your stop out level will be any daily close above $12.83 which makes for a great risk/reward trade as the stock is currently trading at $12.59.




Kiliam Lopez
InTheMoneyStocks.com  [more]

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Short Metlife Inc It Will Pay

August 19, 2014 – Comments (0) | RELATED TICKERS: MET

Over the last several weeks we have seen the yield on the 10 year note trend lower and get to levels not seen in a year. This has taken a toll on insurers like Metlife Inc (NYSE:MET), as the stock had fallen a sharp 11% over the month of July. This was due in part to lower interest rates and a declining stock market. Shares of Metlife Inc (NYSE:MET) have had a decent bounce right alongside the broader markets but is now coming into an interesting level of resistance. I have isolated the $54.25 area as a place where traders and investors could trade this stock on the short side. The reason I have chosen that area is because that was a key level of support which was broken on the way down. In the world of technical analysis, when support is broken, it acts as resistance when the stock tries to challenge it from the underside. Should the level provide stiff resistance as I suspect, then traders could see shares of Metlife Inc (NYSE:MET) easily fall back to the $52.50 area, which would be a quick 3.22% gain in "short" order.





Parm Mann
InTheMoneyStocks.com  [more]

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Hewlett-Packard Company Bearish Pattern Before Earnings

August 19, 2014 – Comments (0) | RELATED TICKERS: HPQ

Hewlett-Packard Company (NYSE:HPQ) has a bearish pattern on the daily chart prior to announcing earnings tomorrow after the market closes. While it is not wise to buy/short a stock into earnings, this pattern has to be noted and does give us a general bias (60/40). Let's use this as a case study and watch to see the direction following the earnings report. Earnings will be reported Wednesday, August 19th, 2014, after the market closes. Estimates are for the company to earn $0.89. The whisper number is for a profit of $0.92 per share.

Please note that it is the policy of InTheMoneyStocks to never buy a stock specifically to hold through earnings. 

Gareth Soloway
InTheMoneyStocks.com

  [more]

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Next Key Resistance On The SPDR S&P 500 ETF Trust

August 19, 2014 – Comments (0) | RELATED TICKERS: SPY

The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) continues to rally, approaching its next resistance point at $198.50. This is the last resistance level prior to the all time high of $199.06. While a resistance level, do not look for a major pull back on the daily chart. This would be an intra day trade or one day swing trade. Light volume and holiday price action should continue to keep the markets marching towards the 2,000 level on the S&P 500 (SPY 200.00). Cheers and happy trading.

Gareth Soloway
InTheMoneyStocks.com

  [more]

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The TJX Companies, Inc. Dressed For Success

August 19, 2014 – Comments (0) | RELATED TICKERS: TJX

The TJX Companies, Inc. (NYSE:TJX) is trading sharply higher today after releasing earnings and raising its full year guidance. The company has been beaten up this year after reaching a high of $64.38 in January, then bottoming out in July just over $50.00. The stock will come into very solid resistance if it pierces the $59.00 level, as you can see from the gap fill in the chart below. Day Traders should be on watch for a decent pullback if it gets there.




Evan Poechman
InTheMoneyStocks.com  [more]

Recs

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Interest Rate Bottom: The Charts Confirm Yes

August 19, 2014 – Comments (0) | RELATED TICKERS: TBT

Last Friday, interest rates hit 2.30% on the 10 year bond. While counter intuitive, this looks like a long term bottom prior to a move back to 3%. The charts always tell us the truth, so let's take a look. First, note the large sell on Friday with huge volume. This can be seen clearly on the ProShares UltraShort Lehman 20+ Yr (NYSEARCA:TBT). The volume was the biggest since interest rates last bottomed in early-mid 2013. This is known as capitulation, a clear signal of a bottom. In addition, the following day (Monday) interest rates did a complete reversal of their down move. This is known as a reversal candle and is a major sign of a near term bottom. These signals clearly tell investors rates will begin to move higher and could see 3% by year end.

Gareth Soloway
InTheMoneyStocks

Chart: http://www.inthemoneystocks.com/images/posts/Gareth%20Soloway/TBT08.19.14.PNG  [more]

Recs

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BHP Billiton Limited Spin Off Talk Rocks Shares

August 19, 2014 – Comments (0) | RELATED TICKERS: BHP

This morning, leading metals and mining giant BHP Billiton Limited (NYSE:BHP) announced that it will split into two separate companies. Generally, this type of news would be beneficial to shareholders, but that is not the case today. Currently, the stock is trading lower by $2.67 to $70.09 a share. Traders should now watch the $69.25 area for intra-day support. This is a level where the stock will likely be supported by the institutional money. Day traders should note that this support level was a break-out point in early July so traders could expect the stock to bounce around this area.  [more]

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The SPDR S&P 500 ETF Trust Tickling Crucial Trendline

August 18, 2014 – Comments (0) | RELATED TICKERS: SPY

The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has been on a steady rise higher over the last week and a half. We saw the SPY hit an all time high of $199.06 on July 24 2014 and then it took a dip of about 4.5%. The move lower in the media was credited to tensions between Russia and Ukraine. However, according to the charts, we see that the move lower came as a result of a key break of an up sloping trendline. This trendline for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was very important as it acted as support on several occasions before giving way and seeing selling pressure ensue.  [more]

Recs

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United States Steel Corp Surges: Nearing Key Shorting Level

August 18, 2014 – Comments (0) | RELATED TICKERS: X

United States Steel Corporation (NYSE:X) is jumping sharply higher by almost 5% on the day. It is trading at $38.13 +1.73 (+4.81). This stock has rocketed higher ever since its last earnings report. This report surprised Wall Street and has made shorts cover and institutions buy. While a powerhouse, the stock is coming into a major resistance around $40.00. This level will be a solid shorting opportunity for swing traders.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Sending an S.O.S. for the United States Oil Fund

August 18, 2014 – Comments (0) | RELATED TICKERS: USO

This morning, crude oil is tumbling lower again to start the trading day. Crude oil can be followed and traded by using the United States Oil Fund LP (ETF) (NYSEARCA:USO). Today, the United States Oil Fund is trading lower by 0.51 cents to $34.91 a share. It should be noted that the USO has plunged lower over the past 18 trading sessions. The important ETF is now trading below its daily chart 50, and 200-day moving averages. Swing traders should now look for near term daily chart support around the $34.00 level. This is where the USO broke out earlier in 2014. Often, prior break-out levels will be solid chart support when retested. This is a spot where traders should look for a short term bounce in the USO.  [more]

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SPDR Gold Trust Set To Shine

August 18, 2014 – Comments (0) | RELATED TICKERS: GLD

During the financial crisis of 2008, the SPDR Gold Trust (NYSEARCA:GLD) was seen as a hedge for the oncoming flood of liquidity by the Fed. Gold had a great run up into September, 2011 where it topped out at over $1900. Over the past 3 years, gold has corrected by over 30% and now is looking attractive on the long side of the trade again.

If the pattern sets up in the correct manner, we will be looking to pick up the SPDR Gold Trust (NYSEARCA:GLD) around the $122.00 level for a trade, and possible longer term hold.

Evan Poechman
InTheMoneyStocks.com

  [more]

Recs

0

Dillard's, Inc. (NYSE:DDS) Shares Discounted Bigtime

August 15, 2014 – Comments (0) | RELATED TICKERS: DDS

Today shares of retailer Dillard's, Inc. (NYSE:DDS) are getting smacked down to the tune of 7%, as the company reported earnings which did not meet analysts expectations. Dillard's, Inc. (NYSE:DDS) has been a stellar performer this year, as it shares were up as high as 28% year to date. How things have changed.  [more]

Recs

0

This Chart Pattern Means Profit On KLA-Tencor Corporation

August 14, 2014 – Comments (0) | RELATED TICKERS: KLAC

The overall stock markets have recently had a nice bounce since hitting nearly 1900 on the S&P 500. One stock that has not really participated in this move up has been, KLA-Tencor Corporation (NASDAQ:KLAC). KLAC has basically been in a bit of a channel while moving sideways to slightly higher.  [more]

Recs

0

The Earnings Trade: Autodesk

August 13, 2014 – Comments (0) | RELATED TICKERS: ADSK

Autodesk, Inc. (NASDAQ:ADSK) is due to report earnings on, August 14. This makes now a great time to analyze the chart and get ready for a possible gap up/down after the earnings announcement. With the movement of the stock, it will likely trade into support/resistance levels which will be great trading opportunities.  [more]

Recs

0

Kate Spade Gets The Smack Down

August 13, 2014 – Comments (0) | RELATED TICKERS: KATE

Shares of Kate Spade & Co (NYSE:KATE) were taken to the woodshed yesterday. The stock price of the apparel and accessory maker was down a whopping 25%, as it reported that margins were down year over year. Kate Spade & Co (NYSE:KATE) shares actually put in a 52 week high at $42.87, only to see investors and traders do an about face and plummet the stock all the way down as low as $28.3. Putting in an extremely bearish daily chart candle. Now with this massive decline, traders should look for an opportunity to buy the stock and go long for a quick trade to profit from. I have isolated two levels that could yield a bounce, the first is $27 and then a few points lower at $23. Watch both of these levels as multi-day bounces are expected to occur there.  [more]

Recs

0

The Short Circuit Trade, QUALCOMM, Inc.

August 12, 2014 – Comments (0) | RELATED TICKERS: QCOM

After reporting earnings a few weeks ago, QUALCOMM, Inc. (NASDAQ:QCOM), a leader in the technology sector dropped from a high of $81.97 to a low of $76.66. The stock briefly paused, as it found some support around the 200 day moving average. However, this pause did not last long and the equity continued to fall, recently making a low of $71.82.

Over the last couple of days QUALCOMM, Inc. (NASDAQ:QCOM) has been moving higher from an oversold condition. This move up is no more than a technical bounce, and could be short lived. 

The Trade:
Should QCOM come into the $76.25 area this week, traders as well as investors could use this area of resistance to sell the stock short and profit as it pulls back. Watch this level closely. 




Kiliam Lopez
InTheMoneyStocks.com  [more]

Recs

1

Dendreon's Bullish Case: Treat It Like An Option

August 12, 2014 – Comments (0) | RELATED TICKERS: DNDNQ

Dendreon Corporation (NASDAQ:DNDN) is down 36% to $1.35 after the company said it may have to wipe out shareholder equity in the company to pay off debt. This sounds like a catastrophe but let's explore the nuances to better understand what is going on here. First, the company absolutely could file for bankruptcy. That is a worst case scenario for any investor buying at these levels. Now that we know the worst case, let's analyze the other side.  [more]

Recs

1

Cashing In On Visa Inc

August 12, 2014 – Comments (0) | RELATED TICKERS: V

Visa Inc (NYSE:V) is one of the leaders in global payment technology. The stock was recently able to break above a major intraday trend line. Since making this break, it has been consolidating in a bullish manner, as shown in the 10 minute intraday chart below. The key level to watch for an intraday Visa Inc (NYSE:V) breakout will be a close above $211 in the 10 minute chart. If this occurs traders can expect a move up into the following levels: The first level will be $212.45 followed by $213.44 and ultimately gap fill at $214.10. Make sure you are watching these levels as they will provide great levels for trading.




Kiliam Lopez
InTheMoneyStocks.com  [more]

Recs

0

The Bears Are Waiting: Russell 2000 Index

August 11, 2014 – Comments (0) | RELATED TICKERS: IWM

The bears should be watching today's close of the all important iShares Russell 2000 Index (ETF)
(NYSEARCA:IWM). The close of the day today will determine if multiple bearish patterns will fail on the daily chart. Any close over the $112.90-$113.00 level would send this market into neutral territory from the weakness shown over the past month. With options expiration upon us, anything can happen in the last hour of trade so be on watch. 

Evan Poechman
InTheMoneyStocks.com
  [more]

Recs

0

Priceline Stock About To Pop

August 11, 2014 – Comments (0) | RELATED TICKERS: PCLN

Shares of online travel operator Priceline Group Inc (NASDAQ:PCLN), have been out performing the markets as of late. While the broader indexes have been in a steady decline over the last few weeks, Priceline Group Inc (NASDAQ:PCLN) has been trending sideways to higher. This relative strength should not go unnoticed by traders and investors.

The chart I have included below is one that is forming a bullish consolidating pattern. If this chart does play out in full, shares of Priceline Group Inc (NASDAQ:PCLN) could see a nice pop and potentially challenge the all time highs of $1378.96. Now, I will preface that by noting, Priceline has reported earnings on Monday morning which disappointed, these reports can cause large swings in share price in the near term. However, the overall chart pattern will often supersede any fundamental information in the greater share price move. Therefore, the smart trader and investor will watch this chart pattern closely, using it and other technical factors to determine when to enter and exit the position. While also being aware of other factors such as earnings which may cause volatility. Place this pattern and levels on your PCLN chart and watch it closely.



Parm Mann
InTheMoneyStocks.com  [more]

Recs

0

AutoZone About To Crash Into Key Moving Average

August 11, 2014 – Comments (0) | RELATED TICKERS: AZO

Over the last couple of weeks, AutoZone, Inc. (NYSE:AZO) has formed a bearish wedge on the daily time frame chart, you can take note of this in the chart below. AZO is now moving into resistance at the 50 day moving average, which is a possible sell trigger point, or area to short the stock for a quick scalp. Should the AutoZone, Inc. (NYSE:AZO) bearish wedge/resistance area play out, the equity will have downside potential to gap window, which is at $493.01 and ultimately gap fill at $487.32. Those two levels will provide the price of AZO support if it should trade down to them; with a bounce higher from those levels expected to bring AZO back higher to the upside target of $510. 



Kiliam Lopez
InTheMoneyStocks.com  [more]

Recs

0

Don't Choke On This Trade, UnitedHealth Group

August 08, 2014 – Comments (0) | RELATED TICKERS: UNH

The markets have been coming under selling pressure the last few weeks, and UnitedHealth Group Inc. (NYSE:UNH) is no exception. The stock hit an all time high back on July 17, at a price of $87.24, but has since been under the weather, declining by almost 10%. The performance has definitely made some investors feel sick to their stomachs, especially those who followed the talking heads in the media and bought near the highs.  [more]

Recs

0

Twitter Inc Holds Bullish Pattern: See It Here

August 07, 2014 – Comments (0) | RELATED TICKERS: TWTR

Twitter Inc (NYSE:TWTR) continues to be one of the few positive charts in an otherwise dismal market. This longer term (multi-day) bullish consolidation tells smart swing traders that if the market bounces, Twitter will lead the charge. Granted, it is a big if, but this stock should be at the top of the list for longs when a market snap back occurs. If you want a level to look for a break-out, watch for price to get above $44.50 and hold. Please note the Twitter Inc chart below.  [more]

Recs

0

Last Hope For The S&P 500: Major Level On Watch

August 07, 2014 – Comments (0) | RELATED TICKERS: SPY

The S&P 500 is hovering at the double bottom from yesterday. This was the opening print yesterday morning that quickly saw the markets bounce sharply back. If this level holds, the markets can bounce back towards the flat line and maybe even positive. If not, look for $189-$190 on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY). As of now, the markets moved below this level quickly intra candle before bouncing back above. Key level here folks!

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

0

IWM Will Bounce Here

August 07, 2014 – Comments (0) | RELATED TICKERS: IWM

The leading indexes are rolling over mid morning and the iShares Russell 2000 ETF (NYSEARCA:IWM) is no exception. If the ETF sells off further it will have solid intraday support at the $110.90 level for a quick scalp bounce. Keep this level on your charts and watch it closely...  [more]

Recs

0

Aaron's Inc Having Trouble Renting A Bid

August 07, 2014 – Comments (0) | RELATED TICKERS: AAN

This morning, the leading specialty retailer Aaron's Inc (NYSE:AAN) is making a new 52-week low. The company is engaged in the leasing of various products, including televisions, computers, various electronics, and household appliances. The stock has been plunging since July 1st, 2014 when it traded as high as $36.73 a share. Today, shares of Aaron's Inc stock is trading lower by 0.52 cents to $25.25. Traders should note that the stock will have some solid daily chart support around the $22.80 level. This support area is a spot on the chart where the stock broke out in 2011. Often, the past break-out levels will be the next major support levels that will be defended by the large financial institutions.




Nick Santiago
InTheMoneyStocks.com  [more]

Recs

0

A Crude Awakening Coming To Shorts? United States Oil Fund

August 07, 2014 – Comments (0) | RELATED TICKERS: USO

Over the last month we have seen the price of Crude Oil sell off about 10%. If someone was living under a rock for the last several weeks, they would think that geo-political tensions were easing and not escalating. Well, for whatever reason, the price has come in and is presenting traders with a compelling risk/reward trade to the long (up)side.

I have included a weekly chart of crude oil below, and as you can see there is a fair amount of support at around the $96 level. That is where the 200 weekly MA (moving average) resides, and more importantly, an up sloping trendline. That line is pretty important as it has acted as support back in April 2013, and again in January 2014.

While I have used the Light Sweet Crude Futures chart, traders can also use the popular United States Oil Fund LP (ETF) (NYSEARCA:USO) to take this trade. Traders can enter this long trade at around $96 and could expect a bounce back up to the $100 level. The stop on this position would be the first daily close below the trendline, or one could use $95 as the stop. This would set up a $4 upside potential bounce, and the risk would be only $1. Use this chart to take your cues as to on when to enter and exit this trade, with such trading vehicles as the United States Oil Fund LP (ETF) (NYSEARCA:USO).

image: http://www.inthemoneystocks.com/images/moderators/21221/2014-08-07-TOS_CHARTS.png%20Crude.png

Parm Mann
InTheMoneyStocks.com  [more]

Recs

0

Chart Pattern Alert: Avery Dennison Corp

August 07, 2014 – Comments (0) | RELATED TICKERS: AVY

Over the past few months, Avery Dennison Corp (NYSE:AVY) has formed a well known bearish pattern on the charts called, "Head and Shoulders Top." Take note of the chart below and continue reading...  [more]

Recs

0

The SPDR S&P 500 Will Flush If This Trendline Breaks

August 06, 2014 – Comments (0) | RELATED TICKERS: SPY

It was just two weeks ago when the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) made a new all time high of $199.06. Since that time, the market has begun to roll over and that milestone seems like a distant memory for the bulls. The volume has definitely picked up and the selling is starting to make people nervous. So is this the big correction we have been waiting for? Or is this just another buy the dip opportunity for traders and investors?

Well, it might be a bit early to tell if this is the long overdue correction, as the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is only down a little over 3%. However, a few key leading sectors are starting to under perform, such as the Transports, Energy and Semiconductors. These sectors have been some of the pillars of strength for the markets during this historical rise. Now, I do not want to take away from their importance in terms of dictating market direction, but I will look to the charts and I see something much more powerful.

If you look at the chart below, you will see that I have drawn an up sloping trendline for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY). As you can see this line has acted as amazing support, and basically been the best time to go long equity markets. So if that wasn't reason enough for you to think this line was important, then consider this. When the S&P 500 broke out above its 2007 high of 1576.09, the retest of the breakout found support at this very trendline, and has had a steady rise since. If we are in the midst of a correction then you MUST have this line on your chart because there is a proprietary technique that tells me that a break of the line could turn very ugly, and massive selling could ensue. There is even a chance that these markets head all the way back to the 1576 area on the S&P 500. So while you will hear a bunch crap on the financial media outlets about where this market will go, I say just look to that trendline for the all you need to know!

Parm Mann
InTheMoneyStocks.com  [more]

Recs

1

Trading Tesla Motors Inc Right Now

August 06, 2014 – Comments (0) | RELATED TICKERS: TSLA

Right now, traders who read the chart of Tesla Motors Inc (NASDAQ:TSLA) are presented an opportunity to make a quick trade. The TSLA chart is approaching a resistance level at $244.27. That is where you can short the stock. The expected level for profit taking, would be at $242.77 (where you should sell half of your position), and $239.50 for selling the whole position. If the TSLA stock should trade against the expected lower path, $244.27 should be where you exit the trade for a small loss. That is how you read the charts and trade a stock for profit...  [more]

Recs

0

Copper Buy Levels

August 06, 2014 – Comments (0) | RELATED TICKERS: JJC

This morning Copper futures are under heavy selling, falling by more than 1% in the premarket. The iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC) will have daily chart support at the following level as noted by the chart below...  [more]

Recs

1

Apple Inc. Trapped In Trendlines

August 05, 2014 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) which is the highly popular maker of various devices and gadgets such as the iPhone and iPad, has just announced that it will be hosting a media day on September 9. It is expected that they will announce the release of the new iPhone 6. When I look at the chart of Apple Inc. (NASDAQ:AAPL) I see that stock has been trending upward in a channel. Every time the stock hits the higher end it sells off, and when it touches the lower end it gets a bounce. Right now we are at the lower end of the channel and finding support. However, if this stock fails to hold this support it is headed straight to $93 and then $89.75 level. Be long with caution here.




Parm Mann
InTheMoneyStocks.com  [more]

Recs

0

Herbalife Ltd. At Support: Long Quick Swing Trade

August 05, 2014 – Comments (0) | RELATED TICKERS: HLF

Many bashers were out and about when Bill Ackman had his major press conference ripping Herbalife Ltd. (NYSE:HLF). The stock collapsed into the conference then surged following. Many trash talkers hit him hard like CNBC. However, just one week after the monster short squeeze it looks like Ackman was correct on Herbalife Ltd. The stock made a new 52 week low today.

Having said that, the stock did hit a key double bottom support and may see a quick bounce off this level. Please see the chart below. This is a high risk trade but Herbalife Ltd. can easily bounce 5-10% before it continues its downward spiral. Remember, swing trade is about finding the key level and making a quick multi-day trade (long or short). You do not care where the stock will be in one month or one year, you want to capture the quick move. By doing this over and over again, you can beat every hedge fund out there in annual return.

Gareth Soloway
InTheMoneyStocks
  [more]

Recs

0

Intel Corporation Breaks Gap Window, Headed To Gap Fill At $31.75

August 05, 2014 – Comments (1) | RELATED TICKERS: INTC

Intel Corporation (NASDAQ:INTC) broke gap window today. Gap window is a technical support level (in this case), created by the gap up Intel had following their earnings announcement. Once this level is broken, price generally gravitates to gap fill which is the closing price on the daily chart prior to the earnings report. This will be a big support point for the stock. The Intel Corp gap fill level is $31.75. Please note the chart below.  [more]

Recs

0

Caesars Entertainment Corporation Runs Into Brutus

August 05, 2014 – Comments (0) | RELATED TICKERS: CZR

This morning, shares of Caesars Entertainment Corporation (CZR) are falling sharply lower by 0.89 cents to $13.22 a share. The decline comes as Caesars Entertainment Corp and its note-holders traded lawsuits on over its restructuring. Either way day traders can watch for some intra-day support around the $12.00 level. This is an area where day traders can expect a small bounce in the stock.



Nick Santiago
InTheMoneyStocks.com  [more]

Recs

0

Wide Range Sell-off Bars At Highs Are A Warning Sign

August 05, 2014 – Comments (0) | RELATED TICKERS: IBM

One of the best chart patterns to spot a major downside move in a stock is when there is a wide range reversal bar from a high. For example, take a look at the chart below of International Business Machines (NYSE:IBM). This is a weekly chart of the stock which shows a major decline in April 2013. Notice the wide range sell-off bar that was very close to the high. At the time of the decline, IBM stock was trading around $212.00 a share, by the time that red bar closed the stock was trading around $190.00 a share. Now that is a wide range sell-off bar from a high and it will usually always indicate lower prices ahead for the stock. As you can see, over the next six months the stock declined as low as $173.00 a share before being defended by the institutional money. Take a look at other charts where a stock sold off sharply from the highs and you will see that it was often an indication that the stock was going to decline further in the near term future.





Nick Santiago
InTheMoneyStocks.com  [more]

Recs

0

Twitter Inc Bull Flag: Day Trade

August 05, 2014 – Comments (0) | RELATED TICKERS: TWTR

Twitter Inc (NYSE:TWTR) is consolidating in a bull flag pattern. This should lead to upside. The target is $44.80. Twitter ripped big time after reporting earnings last week. It has since pulled back, hitting the gap window at the lows today. This has solid potential. Note the Twitter Inc chart below.  [more]

Recs

0

QQQ Scalp Level Coming Up

August 05, 2014 – Comments (0) | RELATED TICKERS: QQQ

To start the day, the major indices are coming under selling pressure. However, support levels are coming into play and ready to be traded for bounces higher.

There is good support coming up on the PowerShares QQQ Trust, Series 1 (ETF)(NASDAQ:QQQ) at $94.45 for an intraday bounce. Keep this level on your chart and be ready to act when it triggers.

Evan Poechman
InTheMoneyStocks.com
  [more]

Recs

0

Chevron's Out Of Fuel, Watch This Level

August 04, 2014 – Comments (0) | RELATED TICKERS: CVX

Today, the leading integrated energy stock Chevron Corp (NYSE:CVX) is declining lower by $126.48 a share. The stock is now trading below its important 50-day moving average. This decline puts the stock in a weak technical position on the charts. Short term day traders should watch for important intra-day support around the $125.00 level. This is a level where the stock broke out in June 2014. Often, prior breakout areas will serve as excellent short term support when retested. Day traders can expect an intra-day bounce around this level if Chevron Corp (NYSE:CVX) stock tests the area.





Nick Santiago
InTheMoneyStocks.com  [more]

Recs

0

Michael Kors Holdings Ltd Stock On Sale Now!

August 04, 2014 – Comments (0) | RELATED TICKERS: KORS

Shares of Michael Kors Holdings Ltd (NYSE:KORS) are falling to the tune of over 7% today, as the retailer came out with earnings. The earnings themselves were not too bad, but it was the guidance which was disappointing to the street. This company is one of the retail darlings and is considered the hot name when it comes to fashion as it has taken a ton of market share from its competitors. With Michael Kors Holdings Ltd (NYSE:KORS) stock on sale today, I have isolated two levels on the charts where the stock can be bought for a potential intra day bounce in its share price. The first area of support would be $74 and the second would be around $70.55. The stock has already had a nice bounce off the pierce of $76 level where there is a ton of weekly chart support. Keep the levels on your charts as they will provide areas to profit on the long side.  [more]

Recs

0

Ebola Outbreak Trade: Tekmira Pharmaceuticals

August 04, 2014 – Comments (0) | RELATED TICKERS: TKMR

The Ebola Virus has been in the headlines recently as it has ravaged through West Africa. It is now in the United States as Dr. Kent Brantly, who contracted the virus while treating patients in West Africa, landed at Dobbins Air Reserve Base in Marietta, Georgia on Saturday. Ebola can spread rapidly, and at this time there is no vaccine to treat it.  [more]

Recs

2

Keystone Approval In The Pipeline? TransCanada Corporation

August 04, 2014 – Comments (0) | RELATED TICKERS: TRP

For many years now one of the most hotly debated subjects in North America has been the approval of the Keystone Pipeline, which belongs to TransCanada Corporation (USA) (NYSE:TRP). This is one topic that has followed around Obama since he was elected President, back in the fall of 2008. He has been against the approval since the beginning and seemed to just shrug it off each time it has been brought up. Obama has faced stiff opposition from the Republican Party and tried his best to skirt the issue all together, as he did not want to create any controversy in his attempt to get re-elected.

Are things about to change?

There a few factors at work which might force Obama to re-think his stance on Keystone and Russia has to be front and center. Russia is one of the largest oil producers in the world, and basically supplies Europe with a majority of its energy. So with all the recent sanctions which have been put on Russia the last few weeks, one has to wonder where Europe will look to get energy from. Enter the U.S. and its sudden energy renaissance. That has been the craze as of late as the U.S. has become energy self-sufficient and now could be in prime position to start exporting some of that energy to Europe. With the Russian tensions growing more and more each day, Obama might not get the same stiff opposition from the Republicans. This could lead the way to an approval of the Keystone Pipeline as people will soften their stance and point the finger at Russia.

One of the biggest beneficiaries of this pending approval will be TransCanada Corporation (USA) (NYSE:TRP). In recent days the share price of TransCanada Corporation (USA) (NYSE:TRP) has come under pressure and seen a sell-off, after hitting a new all-time high of $52.27 on July 24, 2014. Looking at the chart this decline is actually presenting traders and investors a great opportunity for an entry on the long side. Technically speaking, there is a retest of the breakout level happening right now as seen on the weekly chart below. Typically this type of stock price performance is where a stock will find support, as prior resistance now becomes support. So as people have been trying to wonder when and if Keystone will ever get approved, I look at the chart of TransCanada to really see what's coming down the pipeline. Whether or not this approval takes place, as a technical based trader one thing is clear, the TRP stock will present a solid opportunity for trading and investing. I have noted the levels to watch, so keep them on your charts. And regardless of the political rhetoric, or positioning these politicians take for their personal benefit, there will always be a trade for us to profit from.




Parm Mann
InTheMoneyStocks.com  [more]

Recs

0

Big Blue Turns Red

August 01, 2014 – Comments (0) | RELATED TICKERS: IBM

This morning, leading tech giant International Business Machines Corporation (NYSE:IBM) is trading lower by $2.36 to $189.31 a share. Recently, it has been reported that there has been some insider selling from corporate officers in late July. This insider selling news could be weighing on the stock today. Day traders can now look for intra-day support on International Business Machines Corporation (NYSE:IBM) stock around the $187.83 level. This is an area where day traders should expect a short term bounce.  [more]

Recs

1

GoPro Inc Bulls Looking Like Amateurs

August 01, 2014 – Comments (1) | RELATED TICKERS: GPRO

Shares of GoPro Inc (NASDAQ:GPRO), which is the maker of cameras worn by thrill seekers and other adrenaline junkies, are falling off a cliff today, as Wall St. is not impressed with its earnings report. The price of the stock is down almost 10% as the bulls of this stock are choosing to seek action elsewhere.

As the GPRO share price moves, we look to the charts to tell us the best price to buy and sell the stock. I have isolated a couple of levels for intra-day support, which could provide a bounce for a quick day trade. Note the chart below, watch these levels and be ready to trade them...

Parm Mann
InTheMoneyStocks
  [more]

Recs

0

Colgate-Palmolive Company Gets Flossed, Here Is The Buy Level

August 01, 2014 – Comments (0) | RELATED TICKERS: CL

Yesterday Colgate-Palmolive Company(NYSE:CL) one of the leading brands and equities for consumer products sold off sharply as earnings disappointed investors. This household brand has now fallen close to 10% after putting a topping tail in place in mid July. Colgate-Palmolive Company(NYSE:CL) is now oversold and should see a quick bounce as it approaches key trend line support among other technical factors.  [more]

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