InTheMoneyStocks Market Analysis

This is a discussion on InTheMoneyStocks Market Analysis within the Daily Analysis forums, part of the Commercial category; Crypto-currency Ripple $XRP is an amazing technical support here at $0.65. This can be seen on the chart below. Based ...

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Old Feb 6, 2018, 7:11pm   #1113
Joined Jan 2009
Crypto Ripple $XRP Has 100% Upside From This Technical Support Here...

InTheMoneyStocks started this thread Crypto-currency Ripple $XRP is an amazing technical support here at $0.65. This can be seen on the chart below. Based on the oversold nature of the crash in Ripple and other crypto's, there is huge upside and a likely 100% bounce coming to a target of $1.30 on Ripple.


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Gareth Soloway
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Old Feb 7, 2018, 7:10pm   #1114
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Oil Correcting, Here Is The Target

InTheMoneyStocks started this thread Oil took a beating today, falling 3% after inventory data showed a surprise build. In all fairness, oil was extremely overbought and due for a correction. Let's not forget, the U.S. keeps pumping more and more oil as the price has gone up and the global output remains higher even with OPEC's attempt to curb supply. Ultimately, expect a correction in oil to the $59 level of support. Note the commodity chart below.


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Old Feb 8, 2018, 5:49pm   #1115
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This Trade Level Is Where Delta Air Lines Can Take Off

InTheMoneyStocks started this thread As you all know, most of the leading airline stocks have been coming under pressure recently. The leading airline stock in the industry group is Delta Air Lines Inc (NYSE: DAL). This stock topped out on January 16, 2018 at $60.79 a share. Since that high in the stock the shares have rolled over sharply. Today, DAL stock is trading lower by $1.48 to $52.37 a share. Traders now understand that the major market indexes are in correction mode, so it is prudent to look lower for major trade levels. The $48.50 area is a level that really stands out to me. This area was where the stock bottomed in November 2017. Often, when stocks retrace back to a major support level they will usually be defended by the institutional money. I will be looking to buy DAL stock around the 48.50 area.


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Old Feb 8, 2018, 7:06pm   #1116
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As iRobot Corp (IRBT) Collapses, Here Is The Ultimate Target (Yuck!)

InTheMoneyStocks started this thread Shares of iRobot Corporation (NASDAQ:IRBT) are falling after the company did not perform up to Wall Street's expectations. This fall is more like a major collapse with the stock down 30% on the day. On a technical basis, iRobot Corp broke the pivot lows from October and December 2017. This is extremely bearish for the stock as it means the next leg lower has started. Based on the technical weakness in the market and the pivot low break, I am looking for an ultimate major target of $44.00. With the stock currently near $60, it means there is likely quite of bit of downside to go, even another 30%+. However, if we are entering a bear market, that is not even a hard thing to achieve on most high flying tech stocks. I will be looking to accumulate at $44.00.


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Old Feb 14, 2018, 5:49pm   #1117
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Terex Corp $TEX Dips After Earnings, Watch This Trade Level

InTheMoneyStocks started this thread Terex Corp (NYSE:TEX) manufactures capital equipment for the construction, infrastructure, mining and transportation industries. Last night, the company reported earnings and the stock is falling lower today. Currently, TEX stock is trading down by $1.75 to $41.18 a share. Traders should note that the stock is also trading below its 200-day moving average. This puts the stock in a weak technical position on the charts and signals further downside near term. The next major support level for TEX stock will be around the $38.00 level. This is where the stock broke out in early September 2017. Often, institutional traders will step in and defend the equity around this level when it is retested. I will be waiting for TEX stock to test this area before trading the stock on the long side.



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Old Feb 14, 2018, 7:43pm   #1118
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Here Is The Master Short Level On Alphabet Inc $GOOGL

InTheMoneyStocks started this thread Shares of Alphabet Inc (NASDAQ:GOOGL) are surging today as the market reversed early losses and spiked dramatically higher. Today is the first day since the massive collapse last week where investors are ignoring negatives and buying-the-dip. To give an example of this, look at yields on the 10 year bond. They are hitting 2.90% on the back of higher inflation data. This would have been a major negative last week but today, after a gap lower, investors are ignoring it and buying the market. This shows us a resurgence of the buy anything and everything mentality, a good sign for those wanting the markets to move higher so they can get off a good short. Alphabet Inc reported poor earnings results recently. This means that it will be a prime candidate for a short when the right price target is hit. that right price target is $1,182.00. This is a major gap fill and close to a major double top. If the price of Alphabet Inc can hit this level, it becomes a strong, high priority short trade. I will be laying in wait to take it myself.


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Old Feb 16, 2018, 7:19pm   #1119
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Phillips 66 Is Showing Weak Relative Strength, Watch This Trade Level

InTheMoneyStocks started this thread Phillips 66 (NYSE:PSX) is a leading manufacturer of chemicals and oil refining products. The stock peaked out on January 24, 2018 at $107.42 a share. Since that high pivot, the stock has sold off sharply and is now trading around the $92.68 level today. Last week, PSX stock tested the 200-day moving average at $89.14. So far, that level has held up as support. Should PSX stock trade and close below this key moving average it would signal another decline is likely for the stock. The next key support area for PSX stock will be around the $82.00 level. This area is where the 200-week moving average is at. Generally, the first move down into a key moving average will serve as support when tested.


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Old Yesterday, 5:48pm   #1120
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Semiconductors Will Rise Until They Hit This Technical Target

InTheMoneyStocks started this thread The semiconductor index ETF $SMH is leading the technology sector higher today. The semi's have now retraced 75% of the down-move and investors are excitedly talking about new all-time highs. In the near-term, I do not expect that to happen. I have a calculated upside max move of $105.80. With the current price at $104.94, there is less than a Dollar of upside left. This max move is calculated based on a technical extension move, time count, a former pivot high from late November 2017 and a gap fill. What technical traders have noticed is that when multiple major technical signals merge together in one price point area, the chance of a retrace top increases dramatically. This is what the semiconductor ETF $SMH is showing us. Stocks like NVIDIA (NVDA), Micron (MU) and others will stall out and start to decline once this target level is achieved. I will look to short or buy puts.


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