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inthemoneystock (< 20)

November 2013

Recs

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Weekly CORN Chart Shows Possible Major Bottom

November 26, 2013 – Comments (0) | RELATED TICKERS: CORN

The commodity corn has taken a big hit in 2013. As it has plummeted, many have started to look for a potential bottom, an entry price to go long. It is looking more and more likely that bottom is at hand. Take a look at the weekly chart of Teucrium Corn Fund (NYSEARCA:CORN). This is an ETF that tracks corn. Please note that four weeks ago a bottoming tail was put in, and last week another bottoming tail was put in. It is clear that this commodity is trying to put in a low and upside could be right around the corner. A long at the current $31.00 level appears attractive with downside limited and upside to $34.50 likely.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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KO Is Down But Not Out

November 26, 2013 – Comments (0) | RELATED TICKERS: KO , PEP

This morning, leading beverage company Coca-Cola Company (NYSE:KO) is coming under some selling pressure. The stock is trading lower by 0.08 cents to $40.29 a share. Day traders should watch for intra-day support around the $40.15, and the $39.85 levels. These are two support areas where the stock can stage small bounces. These are only day trading levels for today. 

Nicholas Santiago
InTheMoneyStocks,com
  [more]

Recs

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Oil Does Not Have As Much Downside As Experts Think

November 25, 2013 – Comments (0) | RELATED TICKERS: USO

After the Iranian nuclear deal, analysts were all talking about how oil was headed much lower in the short term. Oil barely opened down today and is hovering at $33.74, -0.30 (-0.88%) on the United States Oil Fund LP (NYSEARCA:USO). While the lack of a major drop in oil was surprising to analysis and Wall Street traders, this was no surprise to me. Everyone knew a deal was coming over a month ago and oil has fallen almost non-stop because of it. Essentially, oil had already factored in the Iranian nuclear deal. In addition, oil is more a factor of global economic growth than one country putting out an extra 1 million barrels a day of oil. As economic growth starts to uptick in the coming months, oil should find footing.

I have a master level on the USO which is my buy price at $32.25. There should be a solid swing trade bounce at this before the longer term down trend continues.

Gareth Soloway
InTheMoneyStocks.com
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Recs

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Two Reasons Why You Should Not Follow The Crowd

November 25, 2013 – Comments (1) | RELATED TICKERS: TSLA , AAPL

How often have you seen a massive amount of people wanting to buy a stock when it has already surged sharply higher? Just think about it, there were so many people buying stocks like Tesla Inc (NASDAQ:TSLA) when it was trading near the $200.00 a share level. Hardly anyone was even talking about the stock when it was trading around $35.00 a share in March 2013. It is still amazing that people want to buy stocks when the institutional money is ready to sell them; that is what happened with Tesla stock. Perhaps you remember how many people in the public were going crazy about buying Apple Inc (NASDAQ:AAPL) at $700.00 a share. We all know how AAPL dropped like a rock soon after that euphoric $700.00 level. 

Below I'm going to list three reasons why you should not follow the crowd:

1. When everyone is looking at the same thing, the party is usually over. In 2005, I remember being at a local church carnival in NYC. While people were going on rides and lining up to buy food and beverages, the largest amount of people that gathered together was around a real estate booth. I still remember the real estate agent yelling at the top of her lungs, “real estate will never go down again!” When I heard that statement a light bulb went off in my mind, that must be the peak in the housing market. This church carnival occurred in August 2005. As we all know, the home builder stocks topped out right at that time.

2. You can use the sentiment of the crowd to your advantage as well. In late 2011, nobody wanted to own a home. People (the crowd) were lining up to be renters by the thousands. Everyone wanted to rent an apartment and home ownership became somewhat taboo and even shunned by the public. Once again, I'm at the local mall and I see a booth setup in the middle of the shopping mall. The booth had a sign that said hot property rentals. People were lining up by the hundreds to get information about property rentals. Every talking head in the media was mentioning about how bad the housing market is. At that time, I told my wife that it might be time to look for a house. Sure enough, the property that we live in has already doubled in price from our purchase. You can now see how the crowd swings like a pendulum. They go from one extreme to another extreme. Unfortunately, the crowd is almost always wrong. The moral of this article is to do the opposite of the crowd; when you can spot extreme euphoria and despair, that is the time to act.

Nicholas Santiago
InTheMoneyStocks.com   [more]

Recs

4

Don't Buy Gold Until These Three Things Happen

November 21, 2013 – Comments (0)

Almost every trading day someone asks me if they should buy gold. Personally, I own physical gold and silver bullion since 2004, but if you are trading gold ETF's' you may want to wait before jumping on board in at this time. As you all know, gold topped out in September 2011 at $1923.70 an ounce. Ironically, that same week that gold topped out it was upgraded by J.P. Morgan Chase (NYSE:JPM) to $2500.00 an ounce. Either J.P. Morgan Chase is just terrible at spotting tops or they were looking to sell to the amateurs that always buy the peak. My suspicion is the latter as most large firms have an agenda behind their upgrades and downgrades when equities are at extreme highs and lows. Just think about it, Goldman Sachs (NYSE:GS) upgraded oil to $250.00 a barrel when it was trading at $145.00 a barrel in July 2008. As you probably know, oil peaked at $147.00 a barrel a week after that upgrade. Again, the amateurs that followed that upgrade were just decimated when oil was bought at that high. Oil dropped to $30.00 over the next year. Now gold has turned into one of the most hated commodities out there by Wall Street. Currently, gold is coming under pressure due a potential tightening of the Federal Reserve's $85 billion QE-3 program. Now let us be clear, the Federal Reserve has not begun to tapper yet, they are only floating rumors of a tapering. This can be seen by the recent rise in yields in the 10-year U.S. Treasury Note yield. So enough with that, here are three signs to look for that will tell us we should buy  gold ETF's again:  

1. If the recent low in gold futures (GC) from June 28, 2013 is briefly broken to the downside and then reverses back to the upside on volume. If this occurs it will signal institutional sponsorship and it will most  likely be a solid low in place. This could also lead to a W-bottom pattern on the larger time frame which often signals huge upside potential.

2. Next, watch for a major downgrade from Goldman Sachs, J.P. Morgan Chase & Co or another major firm. Remember, when these giant firms downgrade stocks at lows it is often a sign that they now want to own that equity. Just look their past track records of upgrading and downgrading stocks at extreme highs and lows. 

3. Gold is a currency, this is why central banks around the world own it, and this includes the Federal Reserve. So when you start to notice that asset prices are falling despite the easy money policies (money printing) by the central banks around the globe it is a good time to get on board and own some gold. After all, gold cannot be printed out of thin air or by a click of a keyboard like the fiat monetary system that we have today. Why do you think Bitcoin is becoming so popular right now? Bitcoin only has a certain amount available for use unlike fiat currency which can be printed infinitely.

Nicholas Santiago
InTheMoneyStocks.com
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Recs

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The ECB Talks Negative Interest Rates: Why You Should Be Scared

November 20, 2013 – Comments (2)

Today, the European Central Bank broke out the negative interest rate talk. This means the days of banks paying YOU to keep YOUR money are coming to a close. Instead, be ready to start paying the bank to hold your money. Scary thought. Regardless of who is paying whom, the bigger issue is what this says about the European economy.

Over the last year, things have been quiet in Europe. No major near collapses in Greece, Italy, Spain or Portugal. The general Wall Street assumption has been that things are getting better. However, if this is the case, why start talking about lowering interest rates into negative territory to force savers to spend their money and stimulate the economy? This is a very scary signal being sent by the ECB and does speak to some larger underlying issues.

Gareth Soloway
InTheMoneyStocks.com  [more]

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Boeing Nose Dives

November 20, 2013 – Comments (0) | RELATED TICKERS: BA

This morning, leading aerospace and defense company Boeing Co (NYSE:BA) is declining sharply. A report was released that several hedge funds sold their positions in the stock. Recently, the stock made a new high after reporting a large airplane order after the Dubai airshow. Today, BA stock is trading lower by 2.50 percent. Day traders should watch for solid intra-day support around the $131.05 level. This is a level on the chart where the stock staged a significant base before breaking out to new highs, it will usually be defended by the institutional traders. All traders should note that this is just a day trading level for the stock.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Inside The Charts: Why Silver And Gold May Go Much Lower

November 19, 2013 – Comments (0) | RELATED TICKERS: GLD , SLV

Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the Federal Reserve signals no stop to their bond buying program known as quantitative easing (QE).

The charts probably give us the most unbiased view of where these metals are going. Neither chart looks healthy. Looking at the charts of the SPDR Gold Trust (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) shows the ugly reality. Recently both charts have broken to the downside below major trend line support. The 2013 lows are all but a lock at this point and gold still has a chance over the next year to hit $1,000 an ounce.

Gareth Soloway
InTheMoneyStocks.com


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Monsanto Co. Drops, Here Is An Intra-day Sprout Level

November 19, 2013 – Comments (0) | RELATED TICKERS: MON

Today, leading agricultural products provider Monsanto Co (NYSE:MON) is declining lower by $1.08 to $109.68 a share. Day traders can watch the $108.00 area to be solid intra-day support should MON stock decline down to that level. This was a prior breakout level on the chart and should be a likely level where institutional traders support the stock. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

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Sky Diving, Watch This Level On Salesforce.com (NYSE:CRM)

November 19, 2013 – Comments (0) | RELATED TICKERS: CRM

Salesforce.com (NYSE:CRM) is a leading provider of cloud computing applications for businesses. Today, the stock is trading lower be 5.0 percent after reporting earnings. Day traders should watch the $51.40 for intra-day chart support. This is an area where the stock should be defended by the institutional money. The decline in CRM stock could negatively affect many of the other leading cloud computing stocks during today's trading session. The support level mentioned is for day traders only. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Trading Volume Spells Trouble For Bernanke, Yellen, And The QE Experiment

November 18, 2013 – Comments (1) | RELATED TICKERS: SPY

The Federal Reserve members must be shaking their heads when they look at the current trading volumes in the stock market. For example, today the SPDR S&P 500 Trust (NYSEARCA:SPY) is trading just 23 million shares as of 11:00 am EST. The average trading volume for the SPY in the month of November 2013 is just 104 million shares a day. Last year at this time the SPY averaged 144 million shares traded per day. Now in all fairness, last year the stock market came under some distribution in the first half of November. It should be noted that when the stock market declines the trading volume will usually increase, that did occur last year. But either way, when you consider all of the new issues in the stock market the trading volume is terrible for time of year. 

Recently, reports from CNN have stated that investors have poured $277 billion into stock-based mutual funds and exchange traded funds through Oct. 25, 2013. This is supposedly the fastest inflow of capital into stocks since 2000, but why hasn’t the trading volume picked up yet? 

Many reports are calling QE-1, 2, and 3 the ultimate bank bailout. This is when the Federal Reserve prints money to buy U.S. Treasury bonds, and mortgage backed securities in order to keep interest rates artificially low. Currently, the central bank is buying $85 billion a month worth of these securities. Meanwhile, the fed funds rate is at zero to a quarter percent. The fed funds rate is the overnight lending rate to the large banks. You see, this is why you earn practically no interest in a savings account at the bank. This hurts everyone on a fixed income, or anyone that saves money. 

Many investors can say that the easy money policies by the Federal Reserve saved the entire economic system from collapse in 2009. The easy money has certainly propped asset prices to new all time highs, so I suppose everyone should be happy, but many people worry that central bank is just doing more of the same that caused the crisis in the first place. That argument is still open for debate. 

The one problem or concern with the stock market is the trading volume. It is often a warning that when equities continue to rally in a dull market (light volume market) it is on borrowed time before real downside volume comes in and takes every asset class lower. Only time will tell, but you can bet the Federal Reserve members are watching the dreadful trading volumes very closely. The light volume tells us that only a small group of financial institutions are moving the markets higher. Since the 2009 low, every increase in trading volume has resulted in a sharp decline in the stock markets. Everyone better watch out when the volume returns as the odds favor it will be another decline in stocks and that is not something that the central bank wants to see.

Nicholas Santiago
InTheMoneyStocks.com
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Oil Service Stocks Hit An Oil Slick

November 18, 2013 – Comments (0) | RELATED TICKERS: OIH

This morning, many of the leading oil service stocks are coming under some selling pressure. The highly followed and popular Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.38 cents to $50.44 a share. Short term day traders should watch for intra-day support around the 449.98 area. This would be a level where the OIH is likely to see an intra-day bounce.

Nicholas Santiago
InTheMoneyStocks.com 
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Seagate & Western Digital Fall From The Clouds

November 15, 2013 – Comments (1) | RELATED TICKERS: STX , WDC

Today, both of the leading computer disk drive makers Western Digital Corporation (NASDAQ:WDC), and Seagate Technology Company (NASDAQ:STX) are declining sharply lower on the trading session. Day traders should note that every stock has a support level that investors and traders will buy after a decline. Day traders should now watch the $47.45 level for STX stock as being intra-day support. This is a level where the stock could stage a bounce. WDC should have solid intra-day support around the $71.18 area. This is a level where the stock broke out on November 13th so it should be decent support for today if the stock declines into that level. Please understand, these are just day trading support levels only. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Intra-day Bounce Level For ConocoPhillips

November 15, 2013 – Comments (0) | RELATED TICKERS: COP , XOM

Today, leading energy stock ConocoPhillips (NYSE:COP) is declining lower at the start of the trading session. The decline is coming after Warren Buffett disclosed that he cut his stake in the energy giant. Short term day traders can watch for intra-day support around the $72.70 level. This is an area on the chart where the stock could see an intra-day bounce. This level is only good for today.

Nicholas Santiago
InTheMoneyStocks.com

  [more]

Recs

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Canadian Solar Inc. Ready To Burn Out

November 14, 2013 – Comments (0) | RELATED TICKERS: CSIQ

Canadian Solar Inc. (NASDAQ:CSIQ) has run into a major double top from 2010. This is a classic swing trade short as a pull back is now expected. The stock has run from $1.95 to $33.25 in less than a year. This is an epic move of 1600%. A likely pull back target would be $26.00.

Gareth Soloway
InTheMoneyStocks.com
  [more]

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Chipotle Mexican Grill, Inc.: Epic Trend Line Worth Noting

November 12, 2013 – Comments (0) | RELATED TICKERS: CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) has recently run into an epic trend line that signals a longer term top in the stock. This trend line stretches back to 2007, 2012 and now 2013. Each time this level has been reached, the stock has pull back significantly. A pull back over the next 6 months could yield an easy target of $450.00.

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Goldman Sachs Pulls Back, Watch This Intra-day Support Level

November 12, 2013 – Comments (0) | RELATED TICKERS: GS

Today, most of the leading financial stocks are coming under selling pressure. One of the market leading financial stocks that are falling lower is Goldman Sachs Group Inc (NYSE:GS). GS stock is trading lower by $1.17 to 162.74 a share. Day traders should watch the $161.58 area for intra-day support on GS stock. This is a level where the stock could stage an intra-day bounce. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Airline Stocks Continue To Fly

November 12, 2013 – Comments (0) | RELATED TICKERS: UAL , DAL , LCC

This morning, one of the strongest sectors in the stock market is the airline sector. This industry group has been extremely strong in 2013. Industry consolidation in the sector has greatly benefited the major U.S. airline carriers. Lower fuel costs have also helped the airline stocks to soar higher over the past couple of months. Some of the leading stocks in the sector that remain in solid up-trends include Delta Air Lines Inc. (NYSE:DAL), US Airways Group, Inc. (NYSE:LCC), United Continental Holdings, Inc. (NYSE:UAL), and Southwest Airlines Co. (NYSE:LUV). 

All of these stocks could see further upside on the charts over the next few months; however traders may now want to wait for a small pullback before jumping on board the airline stocks. This group is now overbought on the weekly and monthly charts so waiting for pullback is prudent. As long as the trend remains up the airline stocks look buy-able on pullbacks to the daily chart 50-day moving average.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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KLAC Gets Clocked

November 11, 2013 – Comments (0) | RELATED TICKERS: KLAC

This morning, the leading semiconductor equipment maker KLA-Tencor Corporation (NASDAQ:KLAC) is coming under some selling pressure. Earlier today, the stock was downgraded to neutral by Susquehanna. KLAC stock is now trading lower by $2.17 to $62.60 a share. Day traders can watch for intra-day support around the $61.97, $60.88, and $60.45 levels. These support levels are only valid for today. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Three Reasons Why Chart Patterns Trump Oscillators

November 07, 2013 – Comments (0)

Many traders these days rely on indicators and oscillators to make their trading decisions. There have been countless trading systems built on these indicators. While these indicators can sometimes identify a move in a stock or commodity they are not very reliable. How many times have you seen an overbought or oversold market remain that way only to have the indicator tell you something completely different? Here are three reasons why chart patterns trump indicators.

1. Chart patterns recognize human emotion. Oscillators and indicators do not, they move after the price chart moves. In other words, the actual price and volume are the only true real time factors that matter. All indicators and oscillators are lagging, they are not real time.

2. Chart patterns will tell us where there is support and resistance on a chart. Support and resistance is really what trading is about. Traders should buy major support and sell major resistance. Minor support and resistance should simply be avoided. Oscillators and indicators do not tell us any of this. 

3. Chart patterns repeat over and over throughout history, therefore with practice traders can find several chart pattern setups that create high probability trades. Oscillators do not do this. This is why flag patterns, consolidation patterns, head and shoulder patterns, and other chart configurations have become so popular over the years.   
 
Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Transports Head South, Watch This Intra-day level

November 06, 2013 – Comments (0) | RELATED TICKERS: IYT

One of the leading sectors that most traders and investors follow is the transportation sector. Today, the transports are falling during the session. The iShares Transportation Average ETF (NYSEARCA:IYT) is declining lower by $1.01 to $125.73 a share. When the transports decline many investors believe that it is a sign of economic contraction. Either way, as traders we simply want to know when we can buy it or sell it. The IYT should have intra-day support around the $125.25 level. This is a potential bounce level for today and should only be used by day traders. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Watch This BBBY Intra-day Bounce Level

November 06, 2013 – Comments (0) | RELATED TICKERS: BBBY

One leading retail stock that is declining lower today is Bed Bath & Beyond Inc. (BBBY). Today, the stock is dropping by $1.80 to $75.57 a share. This stock is displaying weak relative strength to the major stock indexes today, so it is certainly vulnerable to lower prices during today's trading session. Day traders should look for decent intra-day chart support around the $74.70 level if the stock declines further throughout the trading day. 

Often many traders look for fancy chart drawings with tons of irrelevant things written all over them, such as all these useless indicators and information. To be honest, all of that information is only good for selling "how to" books - not making money from trading. The best way to trade is to be simple and find a level that can actually make you money, rather than distracting yourself with tons of useless information on the charts. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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QCOM Slips, Watch These Support levels

November 05, 2013 – Comments (0) | RELATED TICKERS: QCOM

This morning, leading digital telecommunications manufacturer Qualcomm Inc (NASDAQ:QCOM) is coming under some selling pressure. The stock is trading lower by 0.63 cents to $68.94 a share. Day traders can watch for intra-day support around the $68.51, and $68.00 levels. Both support levels can give the stock a small bounce during today's trading session.

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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Pacific Ethanol Inc: Turning A Profit May Be Reality

November 04, 2013 – Comments (0) | RELATED TICKERS: PEIX

Pacific Ethanol Inc (NASDAQ:PEIX) is one of the largest ethanol producers in the world. Every gallon of gasoline has a mandated level of ethanol in it. As gasoline demand rises, so does demand for ethanol. This recent fall in gasoline prices should benefit Pacific Ethanol. While this drop in gasoline prices is a positive for the company, it is not even close to the main driver going forward. The big key to profitability for Pacific Ethanol is the massive drop in corn prices over the last year. Corn is the main input cost in ethanol and the commodity is trading at multi-year lows.

Between the lower gasoline prices which increase demand and the input cost of corn at multi-year lows, ethanol producer Pacific Ethanol has a real shot to turn a profit in the coming quarter. 

Gareth Soloway
InTheMoneyStocks.com
  [more]

Recs

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Google Inc Intra-day Support Level

November 04, 2013 – Comments (0) | RELATED TICKERS: GOOGL

This morning, leading technology stock Google Inc (NASDAQ:GOOG) is declining at the start of the trading session. Day traders can watch for intra-day support around the $1018.00 level. This is a spot on the chart that signals a potential intra-day bounce. 

Nicholas Santiago
InTheMoneyStocks.com
  [more]

Recs

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CVS Intra-day Bounce Level

November 04, 2013 – Comments (0) | RELATED TICKERS: CVS

CVS Caremark Corporation (NYSE:CVS) is coming under a little bit of early selling pressure. Short term day traders should watch for some intra-day support around the $61.90 level. This area should see a short term bounce.  [more]

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