InTheMoneyStocks Market Analysis

InTheMoneyStocks

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Boeing $BA Is Falling Again, Here's The Chart Level You Should Know

Boeing Co (NYSE:BA) continues to remain one of the most volatile stocks in the market. Traders and investors simply cannot find a stabilizing stock price at this time. Since the unfortunate Ethiopian Airlines accident the stock has been stuck below the important psychological $400.00 level. Today, the shares of BA are trading lower by $19.29 to $362.64 a share. The catalyst for today's decline in the stock is due to the company announcing it will temporarily cut its 737 Max production from 52 planes to 42 planes a month. Boeing Co is scheduled to report earnings on April 24, 2019. Until that time, the stock is going to see more choppiness and volatility. The one level that I will be watching for the stock will be around the $330.00 area. This key support level is where the stock broke out on January 8, 2019. Once it is retested it should serve as solid support and a likely level to see institutional sponsorship.





Nick Santiago
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
Will The Strong U.S. Dollar Hurt The Multi-National Stocks?

Earlier today, the European Central Bank (ECB) gave another weak forecast for the European economy. The ECB President Mario Draghi is concerned that he is seeing slower growth momentum in the euro zone. This news should continue to support the U.S. Dollar Index (DX) in the future. While the U.S. Dollar Index remains strong at this time it has still not broke out much past the $97.00 area. Should the dollar continue to gain strength this could hurt many of the large multi-national companies in the United States. Traders must remember, a weaker currency will usually boost exports as it becomes cheaper to sell goods abroad. While the U.S. Dollar Index is still below its 2017 peak it is starting to creep up toward that old high level. Earnings season is around the corner as J.P. Morgan Chase (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) are scheduled to report this Friday. So we shall start to hear from many companies about how the strong dollar is affecting their bottom line.




Nick Santiago
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
Vivint Solar Inc $VSLR Breakout Alert

Shares of Vivint Solar Inc (VSLR) just crossed above a major trend line of resistance, likely solidifying a breakout. The stock is currently trading at $5.35 and could head to gap fill $7.00 as the target. This is a great chart setup as the target is almost 30% higher and the stop is any close back below the breakout trend line of a few percentage points lower.




Gareth Soloway
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
Canopy Growth Is Breaking Down, Here's The Next Major Trade Level $CGC

Canopy Growth Corp (NYSE:CGC), is a leading Canada-based multi-brand cannabis company that is coming under some distribution today. The stock made a recent top on February 4, 2019 at $51.81 a share. Since that high pivot, the stock has been steadily declining lower and is currently trading at $40.13 a share today. Traders should note that the stock is now trading below its important 50-day moving average which indicates daily chart weakness. CGC stock will have many short term support levels coming up, but this downtrend is likely to continue for the next few months. The one major support level that I see on the charts is around the $32.00 area. This is where the stock soared higher on heavy volume in early January 2019 . Often, when a stock backtests their breakout level it will be defended again.




Nick Santiago
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
The 10-Year Bond Yield Is Telling You Everything You Need To Know

Bond yields on the 10-year U.S. Treasury Note were as low as 2.356% on March 27, 2019. At that time, the leading financial stocks such as JP Morgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and most other financial stocks started to move back to the upside after a sharp five day decline that started on March 19, 2019. By now, every trader and investor knows that the stock market cannot really have a sustained rally without the leading financial stocks participating. Currently, the yield on the 10-year U.S. Treasury Note is around 2.55%. So simply put, yields have jumped up by just 20.0 basis points. That is not a big surge at all, but it has helped out the financial stocks and has given confidence back to the marketplace.

It looks like the 10-year U.S. Treasury Note yield found support at the 200-week moving average on March 26, 2019. This is certainly the key level that traders must now watch. If yields start to fall again on the 10-year U.S. Treasury Note it could be problematic for the current rally. Should yields decline below that important pivot low at 2.356% then it will likely bring some serious fear into the financial stocks again and possibly the entire stock market. At this time, the next important resistance level for bond yields will be around the 2.65% area. Right now, the 10-Year Bond Yield is telling you everything you need to know.




Nick Santiago
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
Healthcare Inc $HCA Nearing Double Bottom Support

Healthcare stocks are being crushed today after medicare for all appears to be the wave of the future. While it may coming soon (next decade or so), there are still possible long trades in the sector. For example, Healthcare Inc (HCA) is slamming into a double bottom, technical support level at $116.25. With the stock down over 8% on the day, a technical long trade has a high reward factor for a day or two. Expect a bounce off this level back to as high as $124.00.




Gareth Soloway
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
The Health Care Select Sector SPDR Fund $XLV Is Now Attractive

As we all know, the health care stocks have been getting crushed this week. In fact, a fair case can be made that they have struggled since early March 2019 when the Health Care Select Sector SPDR Fund (NYSEARCA:XLV) traded as high as $93.45 a share. Today, the XLV is trading around the $86.00 level. Trader can easily see that the XLV is now trading sharply below its important 50 and 200-day moving averages. This is generally viewed as a sign of weakness and often an indication of further downside action in the sector. Now before we get too negative, traders should note that there is some saving grace for the sector coming up. First, the 100-week moving average is around the $85.60 area, so this is going to be some important support for the XLV near term. Second, there is also a very strong retrace level coming up as well and this could help support the XLV in the near term around the $85.50 level. So technically speaking, the XLV looks very attractive at this time despite many of the leading healthcare stocks being sold off.




Nick Santiago
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
Kimberly Clark $KMB Reverses After Last Week's Earnings Pop

Today, leading consumer goods company, Kimberly Clark Corp (NYSE:KMB), is reversing sharply lower on the session. The stock is trading lower by $4.23 to $126.02 a share. This past Thursday, the stock soared to new 52-week highs after reporting earnings on April 22, 2019. On that day the stock traded as high as $132.47 a share. Traders must always be cautious when stocks reverse so much of there recent gains from a break-out. Often a reversal of this magnitude could signal much more downside in the near term. Please understand, while the stock is still in an up-trend and trading above its 20 and 50-day moving averages this reversal usually signals further downside in the shares. There are several support levels coming up such as the gap fill from the April 18, 2019 close, the 50-day moving average, and the $118.00 break-out level. Out of all of these near term support Levels the $118.00 area looks the best for a solid bounce in the stock.




Nicholas Santiago
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
Silver Triggers Major Buy Per The Chart $SLV

Commodity traders are buying silver today after it completed a 61.8% retrace, filled a major gap on the $SLV (Silver ETF) chart and retraced into epic multi-pivot support. This triple factor level signals a coming bounce in silver. Note the chart below.




Gareth Soloway
InTheMoneyStocks
 

InTheMoneyStocks

Experienced member
1,135 17
The Best Bet For Stocks Is That No U.S./China Trade Deal Is Announced

As you all know, stocks have been rallying since December 26, 2018. The first quarter rally has been nothing short of amazing. Almost every trader and investor is waiting for a U.S./ China trade deal. Every few days we hear that a trade deal between the two countries is getting closer to actually happening.

Volume trends have been extremely light in 2019 which indicates very little selling pressure in the markets. Contrary to popular belief, light volume actually favors upside in the markets. Hence the old market adage, never short a dull market. At this time, many traders and investors are waiting for a trade deal to be struck by the United States and China. Simply put, nobody wants to get caught short when a deal is announced. After all, all we hear in the financial media is that a trade deal could add another 10 percent of upside to the market immediately. So who in their right mind would want to be short right now.

It is probably better that there is no actual trade deal announced in order for stocks to continue climbing. What would happen if the talks between the U.S. And China fell apart right now? That would probably be a big hiccup for the major stock indexes. On the flip side, should a deal be struck and signed then there will likely be another pop in the markets in the near term, but after an initial spike it could be a sell the news event. After all, the markets are rising on anticipation of a deal being announced very soon.





Nick Santiago
InTheMoneyStocks