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inthemoneystock (< 20)

October 2014

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CARBO Ceramics Major Reversal: Bottom Likely In

October 30, 2014 – Comments (0) | RELATED TICKERS: CRR

CARBO Ceramics Inc. (NYSE:CRR) dropped sharply today before having a mega reversal. The stock hit a low of $47.01 before reversing the sharp losses and going positive. It just hit a high of $53.96. This is a major reversal and comes after hitting a new 52 week low. When a stock reverses off major losses at a 52 week low, it is often a signal of a major bottom. Heads up to traders and investors looking for a potential long opportunity.

Gareth Soloway
InTheMoneyStocks.com

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iShares NASDAQ Biotechnology Index Tops: Amgen, Gilead Exhaustion

October 29, 2014 – Comments (0) | RELATED TICKERS: AMGN , GILD , IBB

Just a couple months ago, Janet Yellen issued a warning that biotechnology may be in a bubble. Today, the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) are 20% higher. While Janet Yellen was wrong at the time, we should all remember that Alan Greenspan issued the same warning on Dot.com companies in the late 1990's. He was early on that call but ultimately right.  [more]

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It's Time To Be Anti-SOCL

October 29, 2014 – Comments (0) | RELATED TICKERS: SOCL , FB , TWTR

This morning, the leading social networking stocks are coming under some heavy distribution. The catalyst for today's decline in the social networking stocks comes after the poor market reaction to the Facebook Inc (NASDAQ:FB) earnings that were released last night. In sympathy to the decline in Facebook Inc stock you will also see weakness in Twitter Inc (NYSE:TWTR), and LinkedIn Corp (NYSE:LNKD).

A way that traders can play the social networking sector is by using the Global X Media Index ETF Funds (NYSEARCA:SOCL). According to the weekly chart of SOCL it appears that the leading social networking stocks are likely to trade lower in the near term. It seems that the SOCL will have chart support around the $16.50 area. This was the level where the SOCL was defended by the institutional money back in May 2014. Often, old pivot areas will serve as solid support when retested. Either way, traders should expect a further pullback in the near term in the social networking stocks. 






Nick Santiago
InTheMoneyStocks.com  [more]

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Dow Jones Transport Average Tag Double Top

October 28, 2014 – Comments (0) | RELATED TICKERS: IYT

The iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) ran firmly into double top today. This is an epic bounce of $20 in less than two weeks. The chart is short term overbought and should see a pull back. Markets will be closely watching the FOMC Policy Statement tomorrow. This will be the driving force behind the next major move in the markets. Near term bias on the iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) is negative.


Gareth Soloway  [more]

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Chimerix Inc An Ebola Buy

October 21, 2014 – Comments (0) | RELATED TICKERS: CMRX

In the last few weeks there has been quite a lot of movement in shares of Chimerix Inc (NASDAQ:CMRX). This company reportedly had a drug that would help fight the nasty Ebola virus. Once the market caught wind of this, Chimerix Inc (NASDAQ:CMRX) shot up nearly 50% in a few trading sessions. Since making a high of $36.75 the share price has dropped about 20% as the Ebola fears subsided and traders/investors took profits. So where is the stock of Chimerix Inc (NASDAQ:CMRX) headed? I have isolated two very good support levels at $25.75 and $22.75. These price targets should provide a substantial amount of support as these were the breakout levels and there are also some proprietary calculations which point to these numbers. My advice to those who wish to buy this company is to initiate a position at the first price level and then add at the lower level if it continues to sell off. This is a very volatile stock, so keep your position small and look to be rewarded in a big way.  [more]

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Tick Tock, Which Hedge Fund Will Blow?

October 20, 2014 – Comments (0) | RELATED TICKERS: SPY

The Hedge Fund Industry has benefited greatly from the 5 year bull run off the March 2009 lows. As the saying goes, "A rising tide lifts all boats." Hedge funds can leverage their capital 10, 20 even 30 times, and this leverage can create large returns when the times are good. This is what happened in 2006 and 2007, when every institution was clambering to buy Mortgage Backed Securities, Housing Stocks and Bank stocks. We all know what happened when Bear Stearns and Lehman Brothers collapsed, causing the Great Recession. Well, history is repeating itself once again as big institutions are heavily leveraged with the Yen carry trade; where they are short the Japanese Yen and long US stocks and futures contracts. Over the past month we have seen the volatility kick in as this trade begins to unwind. If everyone runs for the exit door at the same time, then you get intense selling pressure. Over the next few weeks I wouldn't be surprised to hear of an institution going bust from being long the market at the highs and now being forced to liquidate its positions. As Nick Santiago often quotes Mark Twain, these words apply quite well today, "history doesn't repeat itself, but it does rhyme." The one thing we do know is there will always be a trade on one side of the market or the other, our only job is to read the charts correctly and enter trades at the highest probability of times!


Evan Poechman  [more]

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Lockheed Martin Corp Gets Shot Down Before Earnings

October 20, 2014 – Comments (0) | RELATED TICKERS: LMT

This morning, the leading defense and aerospace company Lockheed Martin Corporation (NYSE:LMT) is trading lower by $1.74 to $177.44 a share. Today, the stock seems to be under pressure ahead of its earnings report which is tomorrow. Short term day traders should note that Lockheed Martin Corp stock will have intra-day chart support around the $173.17 level. This was level where the stock surged higher on October 16, 2014. This support area will likely be defended again if tested today.  [more]

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Lakeland Industries Nears Support

October 20, 2014 – Comments (0) | RELATED TICKERS: LAKE

Lakeland Industries, Inc. (NASDAQ:LAKE) has fallen from a 52 week high of $29.55 to a low today of $13.66. All this in five trading days as Ebola fears have subsided. There have been no new cases of the deadly virus reported and Lakeland Industries had soared too close to the sun (was too overbought). A fall was obvious in the cards and has taken place. However, as it has fallen, the value has started to get attractive, especially on a technical level. The daily 20 moving average is almost at hand and this could cause a very short term bounce in the stock. The bounce could be 20-30% on a technical retrace. The 20 moving average on the daily chart is $13.18.  [more]

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Foget Ebola, This Is All You Need To Follow, Energy Select Sector SPDR

October 15, 2014 – Comments (0) | RELATED TICKERS: XLE

Today the markets are seeing some ugly declines and there seems to be no bottom in sight. Everyone is looking at Ebola as the culprit that is spooking the markets. While this might be true, I am looking at Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) as the reason this market has seen this dramatic fall recently. While this market might have some more downside to it, I am looking at the weekly chart of Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) and we are into a very good support area here around $77.25. In my opinion this is the chart that will dictate the market direction and not Ebola.




Parm Mann
InTheMoneyStocks.com  [more]

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How Canadians Trade U.S. Stocks

October 14, 2014 – Comments (0)

This past weekend Canadians celebrated their Thanksgiving day weekend. The holiday isbasically the same as the American version, just a little earlier in the year. There are manysimilarities that Canadians have with their American cousins and this includes stocks. In Canadathe main index is the TSX, it is where are all the major companies are listed and is consideredCanada's financial HQ. While this index is a great place to find basically any Canadian equity, itis however mainly comprised of the 3 main sectors. Those sectors are: financials, energy andmaterials. These are the three sectors that make up the majority of weighting in the index andbasically limit Canadian investor's ability to diversify their portfolio. 

So what is the alternative?

This is where a Canadian investor/trader needs to look south of the border and think aboutopening up a U.S. dollar denominated trading account. How does one go about doing so? This is avery easy process as basically all Canadian brokers have this option available to them. Whetherit's through one of the big banks or some boutique brokerage firm, you will be able to open thistype of account. By opening a USD trading account, an investor will be able to buy and sell anyequity that trades publicly on the U.S. exchanges such as the NYSE and Nasdaq. While thisinformation is nothing groundbreaking or new, it is meant to help inform that person who is notaware of this type of option. 

Parm Mann
InTheMoneyStocks.com  [more]

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This Is Why Zillow Is Bouncing

October 14, 2014 – Comments (0) | RELATED TICKERS: ZG

Zillow Inc (NASDAQ:Z) is bouncing today off the key $100 level. If you saw the chart, you would have expected it. Why? Simply look at the chart below and note the major support at the $100 level. If there was going to be a bounce in Zillow, this was going to be it. Will it bounce more? Yes, it should bounce back to $112+.


Gareth Soloway
InTheMoneyStocks.com

Chart: http://www.inthemoneystocks.com/images/posts/Gareth%20Soloway/Z10.14.14.PNG  [more]

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This Will Make The Market Rally In Five Minutes iShares Russell 2000 Index

October 14, 2014 – Comments (0) | RELATED TICKERS: IWM

As you may know, the Ebola virus is upon us all. The disease has caused havoc in Western Africa. There have been over 4000 deaths reported and now there are new Ebola cases popping up around the world. The only solution is to try and contain the disease in Western Africa and stop it before it spreads any further. The various governments can send aid and drugs to that region until the disease is under control and has stopped spreading.

Airlines could suspend flights to and from Western Africa as that seems to be the primary way the disease is spreading to other countries around the world. Recently, airport screenings have been increased. Passengers now have to answer several questions before getting on a plane, they also have to submit to a temperature test, but what does this really do? A flight from Africa to North America is pretty long and a passenger can develop a fever while in flight, so what does that screening really do to protect others on the plane? The answer is that all airline flights need to be suspended until this disease is stopped.

How on earth is economic growth expected to take place if fear of the Ebola virus takes hold? People will be afraid to leave their house if this disease starts spreading more frequently. Please remember, consumer spending accounts for roughly 70.0 percent of the U.S. gross domestic product (GDP). After all, the central banks have already flooded the world with cheap money just to keep the equity markets afloat over the past five years. What are the central banks going to do for an encore if fear from Ebola takes hold? The current decline in oil prices are already telling us a global slowdown has begun. If trade starts to stall out between nations this will be problematic for the entire world. What are these governments thinking by continuing to operate commercial airline flights out of Western Africa? If you want the markets to rally in five minutes simply stop the flights in and out of West Africa until this disease is stopped.

Currently, the iShares Russell 2000 Index ETF (NYSEARCA:IWM) has declined by more than 12.0 percent since July 2014. Most traders and investors view the Russell 2000 Index as a leading indicator for risk taking in the stock market. After all, the bulk of the companies in the Russell 2000 Index are small cap companies that represent small business in America.





Nick Santiago
InTheMoneyStocks.com  [more]

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Chart Of The Day: Chesapeake Energy Corporation

October 13, 2014 – Comments (1) | RELATED TICKERS: CHK

Chesapeake Energy Corporation (NYSE:CHK) has fallen into major support on the daily chart. This stock gives new meaning to the word bloodbath as it has fallen from a high of $31.50 on June 24th, 2014 to a low today of $18.23. That is a whopping 42% drop in four months. This chart is oversold and into a key level of support at $18.25. A potential bounce could yield 20% upside. If it continues to fall, the next support would be $16.40. Odds are high for a bounce. The key is a bounce on oil which is oversold as well.   [more]

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Five Reasons Why The Market Vectors Gold Mining ETF Could Be The Next Monster Trade

October 13, 2014 – Comments (0) | RELATED TICKERS: GDX

One of the most hated commodities in 2014 has been gold. As most of you know, gold is also viewed by many people as a currency. After all, gold cannot be printed or created by a click of a button like most fiat currencies. For the first time in a long time, the leading gold mining stocks are looking primed for a sharp move higher. Listed below are five key reasons why gold mining stocks look poised for a major rally in the near term. 

1. The leading gold mining stock stages a sharp upside reversal day on October 8th, 2014. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) surged higher on 114 million shares after making a fresh three year low. When high volume reversal days occur from new multi-year lows it is a bullish technical chart formation. An upside reversal in the Market Vectors Gold Miners ETF tells the chart reader that someone wanted gold down there and indicates conviction buying. This pattern will generally lead to near term upside.

2. It should be note that gold and gold mining stocks have been trading inversely to the USD/JPY currency pair. As the USD/JPY sells off or pulls back this should benefit the precious metals and the gold mining sector. Recently, the USD/JPY has pulled back from the $110.00 level to $107.33. Traders and investors should note that gold has started to rally as this currency pair has sold off. Please remember, the USD/JPY has been the carry trade that has fueled the U.S. equity market since early 2012. 

3. Many of the leading gold mining companies have to hedge their bets as a gold producer. In other words, the leading gold mining companies are often shorting gold (betting against gold) to protect themselves in a declining gold market. Should the leading gold mining companies start to close out those hedging positions it could actually inflate the price of gold in the near term. Remember, in 2010 and 2011 there were very few gold mining companies hedging their bets as gold was soaring to new all time highs. 

4. Should consolidation start to take place in the industry group it should lead to higher prices for the leading gold mining stocks. Recently, the leading gold company Newmont Mining Corp (NYSE:NEM) was in talks to be bought out by Barrick Gold Corp (NYSE:ABX), but talks stalled out. With such cheap money still available in the market place it only makes sense that gold mining companies would be looking to merge and consolidate. Traders can easily see how well the airline stocks have done once they consolidated that industry group. 

5. Foreign countries such as China and India are reportedly buying tonnes of gold. It should be noted that China and India are two of the largest countries in the world. Each country has a population of more than one billion people. This one fact alone could keep a bid in gold for quite a while. It should also be noted that the recent weakness in the European Union and the downgrade of France could have people running for a tangible currency. 





Nick Santiago
InTheMoneyStocks.com  [more]

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Buyers Jumping Out In Bulk, Costco Wholesale Corporation

October 10, 2014 – Comments (0) | RELATED TICKERS: COST

On Thursday, shares of Costco Wholesale Corporation (NASDAQ:COST), had a major reversal, after an initial push higher. This move was made on the back of their earnings report which was viewed as positive by Wall Street. This reversal in the price of Costco Wholesale Corporation (NASDAQ:COST) put a topping tail in place on the daily chart, which represents buyers exhaustion.  [more]

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Simple Reason Why Oil Will Bounce Here: Duh!

October 09, 2014 – Comments (0) | RELATED TICKERS: USO

Oil is taking a beating again today. While many bears are talking about oil going much lower in the next few weeks, it has likely bottomed. Why? Simply put, Russia and the middle east (Iran) will start some trouble to boost the price. Remember, 90% of their economies depend on oil. Just watch, something crazy will happen in the next 48 hours to stabilize and bounce oil in the near term.





Gareth Soloway
InTheMoneyStocks.com  [more]

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A Sunny Level For First Solar, Inc.

October 08, 2014 – Comments (0) | RELATED TICKERS: FSLR

In the last few weeks we have seen the markets roll over. It has taken down many stocks and many sectors and First Solar, Inc. (NASDAQ:FSLR) is no exception. The stock is down almost 20% from its high pivot on September 12 of $73.78. The stock of First Solar, Inc. (NASDAQ:FSLR) is starting to get into good levels of support, and now is the time when traders need to step up and get long this equity. The great support level which I am zeroing in on is $57.75. That is where First Solar should see mass buyers coming in, giving the stock a nice pop in price. Keep this stock on your radar and profit.  [more]

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Oil Bottoms: Great Chart Setup On The United States Oil Fund

October 08, 2014 – Comments (0) | RELATED TICKERS: USO

United States Oil Fund LP (NYSEARCA:USO) opened lower and continued to flush down. Spot crude oil has fallen off a cliff recently on global demand worries. However, today it appears oil has put in a near term bottom. Why? The United States Oil Fund LP hit a double bottom (as seen on the chart below) as well as a bottoming tail. Both things signal a bottom in the near term and upside is likely.  [more]

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Watch List: GoPro, Cliffs Natural Resources

October 07, 2014 – Comments (0) | RELATED TICKERS: GPRO , CLF

Cliffs Natural Resources Inc (NYSE:CLF) and GoPro Inc(NASDAQ:GPRO) are both putting in potential pivot points. For Cliffs Natural, it appears to be a bottom for a near term bounce and for GoPro, it looks like a top may be officially in.

Cliffs Natural Resources Inc (NYSE:CLF): The stock is down from a 52 week high of $28.98 to its current price of $8.24. There is much fear about bankruptcies in the sector yet Cliffs for now, appears to be one of the stronger players. This looks overdone. In addition, a doji (bottoming signal) was put in yesterday. Remember, this is a high risk play. I have it on watch for a potential long but that does not mean I will go long.

GoPro Inc(NASDAQ:GPRO) may be putting in a topping tail today. This warrants a high alert watch list. In addition, it is very close to the $100 even number which can act as a top as well. The stock is overbought beyond belief and due for a major correct. The one problem is it is extremely hard to get shares to short. I will re-evaluate tomorrow.

Gareth Soloway
InTheMoneyStocks.com

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Jump Out Of This Trade, American Airlines Group Inc

October 07, 2014 – Comments (0) | RELATED TICKERS: AAL

This morning, all of the leading airline stocks are declining lower after more Ebola cases are being discovered. Air travel has been cited as one of the main ways that the disease has been spreading from one country to another. Today, leading airline stock American Airlines Group Inc (NASDAQ:AAL) is trading lower by 0.38 cents to $34.55 a share. Swing traders and investors must now watch the stock for a possible decline into the $30.00 level. This is an area where the stock broke out to new highs in January 2014. Often when an equity pulls back it will retest its prior break-out level before being defended by the institutional money. In the near term, traders should expect the airline stocks to be very volatile.  [more]

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Deckers Outdoor Corp Left Out In The Cold

October 06, 2014 – Comments (0) | RELATED TICKERS: DECK

Talk about some wild drops for Deckers Outdoor Corp (NYSE:DECK) shares recently. Today the stock is tanking by more than 7% as holders of the equity are dumping it on higher than average volume. This is coming just a few days after Deckers Outdoor Corp (NYSE:DECK) already saw a similar drop of over 7%. When I see big drops like this, my eyes light up as these are great opportunities to buy the stock and profit on the bounce. However, one needs to respect such drops and find the correct entry point to get the best bang for your buck. The best level to profit on Deckers in my opinion, is right around the $83 level. The 200MA is a bit higher but the way this stock is dropping, I suspect it will get pierced and that is where a pro trader like myself will step in and buy. Keep an eye on his stock and get ready to profit like a pro!





Parm Mann
InTheMoneyStocks.com  [more]

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Beaten Down Dillers: Value Case For Seadrill Ltd...

October 06, 2014 – Comments (1) | RELATED TICKERS: SDRL

Seadrill Ltd (NYSE:SDRL) does oil and gas drilling exploration. The stock has fallen from a 52 week high of $47.28 to its current price of $24.50. The big question is, can Seadrill find support and bounce at this level? Is there value here?

First, Seadrill Ltd is a profitable company who is expected to make $3.05 in EPS in 2014 and $3.38 in 2015. The forward P/E for 2015 is 7.25. That puts it at a very reasonable valuation. Second and most importantly, the dividend yield is over 16% at current levels. What stock is paying that type of dividend? Now, it must be mentioned that there is an expectation for them to cut their dividend, but even a 40% cut, still puts it at a 10% yield. What profitable company is paying that type of dividend these days?

These factors make Seadrill Ltd very attractive at current levels. 

Gareth Soloway
InTheMoneyStocks.com
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Here Is the First Clue When Gold Will Turn Higher Again

October 06, 2014 – Comments (0) | RELATED TICKERS: GLD

As we all know, gold and silver have been viewed as a form of currency since the beginning of time. Ancient civilizations used gold, silver and other metals as currency because they did not want a government to simply print an endless amount of paper money. Many people in modern times think that the ancients just didn’t realize paper money was easier to use, but that is not true at all. The ancients were very smart and understood mathematics better than any other subject.  [more]

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Did This Market Just Finish Correcting? SPDR S&P 500 ETF Trust

October 03, 2014 – Comments (0) | RELATED TICKERS: SPY

As we all know the markets had a negative month in September and it did not start off any better to begin October. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) made an all time high on September 19 at 201.90 and everyone was getting as euphoric as ever with calls of 2100, 2500 and even 3000 for the S&P 500. In typical fashion when everyone is on the same side of the boat, it usually tips over. This is precisely what happened as the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) began to fall and people started to jump ship. And as usual the fear crept in, the bears began to pile on, and people were saying this is the big correction that everyone has been anticipating for months. So what is the market doing today? It is laughing in the face of the bears and trading higher by over 1%.


With all this noise I am here to simplify things as shown by my chart. I have included a chart below which really shows what is going on. As you can see the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is really just trading in a downsloping trend channel. At first glance it looks as if the market might be breaking out of this channel, however, I wouldn't quite sound the all clear just yet as these channels can pierce. I will be watching this pattern and when I see a decisive break above, that will be my signal that this correction is indeed over and that markets will proceed higher. So forget that head spinning noise you keep hearing from the financial media and look to this simple chart pattern for the real guidance. 




Parm Mann
InTheMoneyStocks.com  [more]

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3 Reasons Why Molycorp Inc Has Major Upside

October 02, 2014 – Comments (0) | RELATED TICKERS: MCPIQ

Molycorp Inc (NYSE:MCP) is a rare earths play that has been pounded. The stock is trading at $1.31, from a 52 week high of $7.59. This stock is forming a nice technical bottom and will likely see a major pop soon. Below are the three reasons.  [more]

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Nailing The Perfect Trade, Skyworks Solutions Inc

October 02, 2014 – Comments (0) | RELATED TICKERS: SWKS

Recently, the stock price of Skyworks Solutions Inc (NASDAQ:SWKS) made a high of $59.25. While for many of whom were only looking at the daily chart of Skyworks Solutions Inc (NASDAQ:SWKS), this appeared as a bullish signal. However, after noticing many bullish comments around the web on Skyworks Solutions Inc (NASDAQ:SWKS) days prior, that prompted me to analyze the weekly and monthly chart time frames of SWKS to see what the charts had to say.  [more]

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Money Making Level Is Near For Lear Corporation

October 01, 2014 – Comments (0) | RELATED TICKERS: LEA

Shares of auto parts maker Lear Corporation (NYSE:LEA) have basically been in a free fall. The equity made a high of $103.74 on September 8 and has since plummeted by nearly 20%. This stock is now starting to come into some good support levels as the daily 200ma is being tagged. Although the 200ma should help ease the fall of Lear Corporation (NYSE:LEA), I will look slightly lower before jumping in on the long side. The level that looks very attractive to me to profit from is right around the $84. That is where the stock built a good base of consolidation before breaking out to the upside. As the market volatility has picked up I will get my shopping list ready to buy various stocks and alert members to when I initiate the trades. Have the Lear Corporation (NYSE:LEA) chart front and center and look for that solid level to profit. 



Parm Mann
InTheMoneyStocks.com  [more]

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Lockheed Martin Corp Gets Shot Down

October 01, 2014 – Comments (0) | RELATED TICKERS: LMT

This morning, leading defense stock Lockheed Martin Corp (NYSE:LMT) is plunging lower by $4.88 to $177.94 a share. The stock seems to be declining with other companies in the defense sector today. Swing traders must now be aware that today's sell off in Lockheed Martin Corp stock should lead to further declines in the near term. The next major support level for Lockheed Martin Corp stock will be around the $171.00 level. This is an area where swing traders can look for a bounce in the stock. Traders should note that this support level is where the stock broke out to the upside in mid-August. Often, prior breakout levels will serve as important chart support when initially tested.





Nick Santiago
InTheMoneyStocks.com  [more]