InTheMoneyStocks
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Just Trade It! ESRX, KR, COST, WYNN & More In Play
InTheMoneyStocks Market Analysis
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InTheMoneyStocks
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Thor Industries Reverses Lower, Here Is The Trade
Thor Industries Inc (NYSE:THO) is a leading manufacturer of recreational vehicles in the U.S. and Canada. Earlier today, the stock rallied higher after the opening bell trading as high as $127.50 a share. Unfortunately, since that high pivot the stock has reversed lower and is now trading down by $4.56 to $117.86 a share. The stock is now testing the 200-week moving average for the second consecutive week. This tells me that the stock is now vulnerable to trade lower in the near term. Traders and investors should now watch the $109.75 area for support. This is a level that would interest me to own THO stock on the long side.
Nicholas Santiago
InTheMoneyStocks
Thor Industries Inc (NYSE:THO) is a leading manufacturer of recreational vehicles in the U.S. and Canada. Earlier today, the stock rallied higher after the opening bell trading as high as $127.50 a share. Unfortunately, since that high pivot the stock has reversed lower and is now trading down by $4.56 to $117.86 a share. The stock is now testing the 200-week moving average for the second consecutive week. This tells me that the stock is now vulnerable to trade lower in the near term. Traders and investors should now watch the $109.75 area for support. This is a level that would interest me to own THO stock on the long side.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
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Call Option Trade On CIGNA Corporation $CI
Shares of CIGNA Corporation (NYSE:CI) are falling sharply today after they announced a buyout of Express Scripts Holding Company (NASDAQ:ESRX). Investors are taking the buyout as a sharp negative for shares, likely a signal big money thinks they overpaid. Whatever the case, the stock is falling over 11%, but gives investors waiting for an entry a buying opportunity. There is a pivot to $170.00. I will look to pick up some calls here. Join the options alerts to get my exact entry price, expiration and strike. All the details live to join me.
Gareth Soloway
InTheMoneyStocks
Shares of CIGNA Corporation (NYSE:CI) are falling sharply today after they announced a buyout of Express Scripts Holding Company (NASDAQ:ESRX). Investors are taking the buyout as a sharp negative for shares, likely a signal big money thinks they overpaid. Whatever the case, the stock is falling over 11%, but gives investors waiting for an entry a buying opportunity. There is a pivot to $170.00. I will look to pick up some calls here. Join the options alerts to get my exact entry price, expiration and strike. All the details live to join me.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
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DryShips $DRYS Still On Watch For Major Breakout
I continue to keep shares of DryShips (DRYS) on my radar for a possible breakout. Note the chart below. Should price close the day above the trend line, a surge is likely to begin taking Dryships to an upside target of $5.50. Really interesting chart here for advanced investors/traders.
Gareth Soloway
InTheMoneyStocks
I continue to keep shares of DryShips (DRYS) on my radar for a possible breakout. Note the chart below. Should price close the day above the trend line, a surge is likely to begin taking Dryships to an upside target of $5.50. Really interesting chart here for advanced investors/traders.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
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Mortgage Insurance Stocks Tank, Watch This Trade Level
This morning, many of the leading mortgage insurance stocks are coming under sharp selling pressure. Obviously, higher interest rates are weighing on the industry group. Leading mortgage insurance stocks such as MGIC Invt Corp (NYSE:MTG), Radian Group Inc (NYSE:RDN), Essent Group Ltd (NYSE:ESNT) and N M I Holdings Inc Cl A (NASDAQ:NMIH) are all declining lower by more than 2.0 percent in today's trading session.
MGIC Invt Corp (NYSE:MTG) is a leading mortgage insurance stock that is now on my radar for a trade. The stock is declining after forming a weekly bearish consolidation pattern. This tells me that the next major support level for the stock is going to be around the $12.00 area. This important support level should serve as an excellent level for a bounce in the stock.
Nicholas Santiago
InTheMoneyStocks
This morning, many of the leading mortgage insurance stocks are coming under sharp selling pressure. Obviously, higher interest rates are weighing on the industry group. Leading mortgage insurance stocks such as MGIC Invt Corp (NYSE:MTG), Radian Group Inc (NYSE:RDN), Essent Group Ltd (NYSE:ESNT) and N M I Holdings Inc Cl A (NASDAQ:NMIH) are all declining lower by more than 2.0 percent in today's trading session.
MGIC Invt Corp (NYSE:MTG) is a leading mortgage insurance stock that is now on my radar for a trade. The stock is declining after forming a weekly bearish consolidation pattern. This tells me that the next major support level for the stock is going to be around the $12.00 area. This important support level should serve as an excellent level for a bounce in the stock.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
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Bank of America Breaks Out: Here Is The Target
Shares of Bank of America (BAC) moved above a major resistance level at $32.70 on Monday. This is a technical breakout (assuming the stock can hold above into the market close today). The breakout has an upside measured target of $35.15 and could be seen within a week or two. Once there, the stock will pull back and can be taken as a swing trade short. Financial stocks continue to hold up well as interest rates stay steady on the 10 year bond near 3%. Higher interest rates mean more profit for financial institutions.
Gareth Soloway
InTheMoneyStocks
Shares of Bank of America (BAC) moved above a major resistance level at $32.70 on Monday. This is a technical breakout (assuming the stock can hold above into the market close today). The breakout has an upside measured target of $35.15 and could be seen within a week or two. Once there, the stock will pull back and can be taken as a swing trade short. Financial stocks continue to hold up well as interest rates stay steady on the 10 year bond near 3%. Higher interest rates mean more profit for financial institutions.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
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Major Short Level About To Be Tagged On Alphabet Inc
Shares of Alphabet Inc (NASDAQ:GOOGL) have soared in the last seven trading days. After trading below $1,050 on March 2nd, Alphabet finds itself nearing $1,180. The $1,180 is a huge technical resistance level. It is a gap fill from earnings, and sure to be major resistance. This level is also very close to a major resistance double top/all-time high. Investors, including myself are looking to short Alphabet at gap fill $1,180.
Nicholas Santiago
InTheMoneyStocks
Shares of Alphabet Inc (NASDAQ:GOOGL) have soared in the last seven trading days. After trading below $1,050 on March 2nd, Alphabet finds itself nearing $1,180. The $1,180 is a huge technical resistance level. It is a gap fill from earnings, and sure to be major resistance. This level is also very close to a major resistance double top/all-time high. Investors, including myself are looking to short Alphabet at gap fill $1,180.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
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Every Trader Should Watch This Qualcomm Inc Level
Qualcomm Inc (NASDAQ:QCOM) is a leader in the design and development of digital communication technology called code division multiple access (CDMA) and orthogonal frequency division multiple access (OFDMA) family of technologies including long-term evolution (LTE). The stock has been in the news for the past several months negotiating a potential takeover bid by Broadcom Ltd (NASDAQ:AVGO). This deal was shot down by the Trump administration citing national security.
Traders should now notice that QCOM is trading below its wide range sell-off bar from February 5, 2018. This chart formation puts the stock is now in a very negative technical position. The next major support level for QCOM stock will be around the $55.00 area. This is a level where the stock broke out in October 2017. Often, prior breakout levels will serve as major support when initially retested.
Nicholas Santiago
InTheMoneyStocks
Qualcomm Inc (NASDAQ:QCOM) is a leader in the design and development of digital communication technology called code division multiple access (CDMA) and orthogonal frequency division multiple access (OFDMA) family of technologies including long-term evolution (LTE). The stock has been in the news for the past several months negotiating a potential takeover bid by Broadcom Ltd (NASDAQ:AVGO). This deal was shot down by the Trump administration citing national security.
Traders should now notice that QCOM is trading below its wide range sell-off bar from February 5, 2018. This chart formation puts the stock is now in a very negative technical position. The next major support level for QCOM stock will be around the $55.00 area. This is a level where the stock broke out in October 2017. Often, prior breakout levels will serve as major support when initially retested.
Nicholas Santiago
InTheMoneyStocks
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Netflix Inc. $NFLX Starts Retrace Back To Trend, See Target It Here
Shares of Netflix Inc. (NFLX) continue their downward move after making an all-time high of $333.98 yesterday. The stock, now trading near $315.00 is likely beginning a normal retrace back to the long term trend. The recent surge in Netflix shares had it up over 75% since the start of 2018. This insanity is driven by hype and greed and cannot last. The technical retrace to the trend is shown in the chart below as currently sits at $240.00-$250.00.
Gareth Soloway
InTheMoneyStocks
Shares of Netflix Inc. (NFLX) continue their downward move after making an all-time high of $333.98 yesterday. The stock, now trading near $315.00 is likely beginning a normal retrace back to the long term trend. The recent surge in Netflix shares had it up over 75% since the start of 2018. This insanity is driven by hype and greed and cannot last. The technical retrace to the trend is shown in the chart below as currently sits at $240.00-$250.00.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
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Time Count Signal Works Perfectly To Call The $QQQ Reversal
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The Dollar Stores Are No Bargain Yet
The two leading publicly traded discount variety retail stores are Dollar Tree Inc (NASDAQ: DLTR) and Dollar General Corp (NYSE: DG). Both of these stocks topped out on the charts in late January 2018 and have fallen sharply from that peak. It should be noted that these two retailers have struggled to gain any traction back to there former highs. When stocks show weak relative strength compared to the major stock indexes it indicates potential downside to come.
Dollar Tree Inc (NASDAQ: DLTR) peaked out on January 31, 2018 at $116.65 a share. Today, DLTR stock is trading lower by $1.39 to $93.03 a share. So far, the stock is trading just above it's daily chart 200-day moving average, but a close below it would likely signal further downside. The stock should have major support around the $83.00 area. This level is where the stock broke out in September 2017. Often, prior breakout levels will serve as major support when retested. This is where I would be interested in the stock on the long side. Until this level is reached the Dollar Tree (NASDAQ: DLTR) stock is no bargain.
Nicholas Santiago
InTheMoneyStocks
The two leading publicly traded discount variety retail stores are Dollar Tree Inc (NASDAQ: DLTR) and Dollar General Corp (NYSE: DG). Both of these stocks topped out on the charts in late January 2018 and have fallen sharply from that peak. It should be noted that these two retailers have struggled to gain any traction back to there former highs. When stocks show weak relative strength compared to the major stock indexes it indicates potential downside to come.
Dollar Tree Inc (NASDAQ: DLTR) peaked out on January 31, 2018 at $116.65 a share. Today, DLTR stock is trading lower by $1.39 to $93.03 a share. So far, the stock is trading just above it's daily chart 200-day moving average, but a close below it would likely signal further downside. The stock should have major support around the $83.00 area. This level is where the stock broke out in September 2017. Often, prior breakout levels will serve as major support when retested. This is where I would be interested in the stock on the long side. Until this level is reached the Dollar Tree (NASDAQ: DLTR) stock is no bargain.
Nicholas Santiago
InTheMoneyStocks
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Revealed: Major Buy Level On Signet Jewelers $SIG As It Flushes
Investors ran for cover on Signet Jewelers Ltd. (NYSE:SIG) today after the mall jeweler unveiled a restructuring plan, involving the closing of 100s of stores. The stock sank sharply, dropping nearly 20% to $39.02 by early afternoon on Wednesday. Signet Jewelers Ltd. was a $150 stock in 2015, but now hovers at a fraction of that price. Big investors and traders are scoping out the chart to find the proper major buy level. Based on chart analysis and pivot points, there is major support at $33.00. While this still signals another 15% decline in price from the current levels, it will likely happen quickly based on the recent news. The $33 level could easily see a 25-50% bounce in Signet Jewelers Ltd. shares.
Gareth Soloway
InTheMoneyStocks
Investors ran for cover on Signet Jewelers Ltd. (NYSE:SIG) today after the mall jeweler unveiled a restructuring plan, involving the closing of 100s of stores. The stock sank sharply, dropping nearly 20% to $39.02 by early afternoon on Wednesday. Signet Jewelers Ltd. was a $150 stock in 2015, but now hovers at a fraction of that price. Big investors and traders are scoping out the chart to find the proper major buy level. Based on chart analysis and pivot points, there is major support at $33.00. While this still signals another 15% decline in price from the current levels, it will likely happen quickly based on the recent news. The $33 level could easily see a 25-50% bounce in Signet Jewelers Ltd. shares.
Gareth Soloway
InTheMoneyStocks
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Here Is A Classic High Reward, Low Risk Trade On J C Penny
Shares of J C Penney Company Inc (NYSE:JCP) continue to decline, now down from $4.75 in late February to nearly $3.00 in mid-March. There is a low risk, high reward trade setup I am watching. First, note the major support level at $2.75 (see in the chart below). That is the buy level. But to complete this trade, you want to know that you are risking a minimal amount for a large reward. First, the upside could be huge. Just two weeks ago, J C Penney was trading at $4.75. A swing trader that buys at $2.75 can make 73% if it just trades back to those highs. The next setup is to look at the risk. The 52 week/multi-year low on J C Penney is $2.35. As a swing trader, that would become your stop (a daily close below $2.35). This means that you are risking under 15% for a likely reward of 73% and buying off a major technical chart support level. To me, this is a trade worth taking. I will continue to watch as J C Penney approaches the buy level.
Gareth Soloway
InTheMoneyStocks
Shares of J C Penney Company Inc (NYSE:JCP) continue to decline, now down from $4.75 in late February to nearly $3.00 in mid-March. There is a low risk, high reward trade setup I am watching. First, note the major support level at $2.75 (see in the chart below). That is the buy level. But to complete this trade, you want to know that you are risking a minimal amount for a large reward. First, the upside could be huge. Just two weeks ago, J C Penney was trading at $4.75. A swing trader that buys at $2.75 can make 73% if it just trades back to those highs. The next setup is to look at the risk. The 52 week/multi-year low on J C Penney is $2.35. As a swing trader, that would become your stop (a daily close below $2.35). This means that you are risking under 15% for a likely reward of 73% and buying off a major technical chart support level. To me, this is a trade worth taking. I will continue to watch as J C Penney approaches the buy level.
Gareth Soloway
InTheMoneyStocks
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Trading The Wild West Markets: DG, DLTR, WSM, CTRP & More In Play
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Roku Inc Is Streaming Lower Prices Ahead
Roku Inc (NASDAQ:ROKU) is a leader in streaming entertainment devices for televisions. The company came public in October 2017, so there is not a lot of historical chart data at this time. Traders should note that the stock peaked out on December 19, 2017 at $58.80 a share. Since that high pivot in the stock, the shares have tumbled lower and currently trade around $36.00 a share. The next important support level for ROKU stock will be around the $30.00 area. This is where the stock had a major gap window dating back to November 9th and 10th, 2017. This area is the next level where the stock has a shot at being defended by the institutional crowd. I will be looking to take a stab at the stock on the long side via call options around this important support level.
Nicholas Santiago
InTheMoneyStocks
Roku Inc (NASDAQ:ROKU) is a leader in streaming entertainment devices for televisions. The company came public in October 2017, so there is not a lot of historical chart data at this time. Traders should note that the stock peaked out on December 19, 2017 at $58.80 a share. Since that high pivot in the stock, the shares have tumbled lower and currently trade around $36.00 a share. The next important support level for ROKU stock will be around the $30.00 area. This is where the stock had a major gap window dating back to November 9th and 10th, 2017. This area is the next level where the stock has a shot at being defended by the institutional crowd. I will be looking to take a stab at the stock on the long side via call options around this important support level.
Nicholas Santiago
InTheMoneyStocks
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Netflix $NFLX Signals Decline Coming With Bear Flag, Overbought Indicators
Shares of Netflix, Inc. (NASDAQ:NFLX) are consolidating in a bearish manner, after a strong reversal candle off all-time highs. This pattern setup has proven throughout history to favor another leg lower. Based on the chart support levels, first target is $285.00 followed by $228.00. With Netflix, Inc. up 75% since the start of the year, it appears to be a simple retrace play. Even just a 25% retrace brings it close to that $285.00 target. There is no arguing with how great of a company Netflix is, however, common sense dictates it has become overbought and the masses (average investors) are now fully invested. Anytime the public is all-in historically, a stock has topped. I expect the next leg lower to begin next week, and likely hit the $285.00 first target within 2 weeks.
Gareth Soloway
InTheMoneyStocks
Shares of Netflix, Inc. (NASDAQ:NFLX) are consolidating in a bearish manner, after a strong reversal candle off all-time highs. This pattern setup has proven throughout history to favor another leg lower. Based on the chart support levels, first target is $285.00 followed by $228.00. With Netflix, Inc. up 75% since the start of the year, it appears to be a simple retrace play. Even just a 25% retrace brings it close to that $285.00 target. There is no arguing with how great of a company Netflix is, however, common sense dictates it has become overbought and the masses (average investors) are now fully invested. Anytime the public is all-in historically, a stock has topped. I expect the next leg lower to begin next week, and likely hit the $285.00 first target within 2 weeks.
Gareth Soloway
InTheMoneyStocks
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See The ONLY Chart That Matters To Institutional Money Here
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Quad Witching Option Expiration Today: ADBE, AVGO, OSTK, TIF & More In Play
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Facebook Tanks After Breach, Now Watch These Trades
InTheMoneyStocks
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Know This Trade Level For Coca Cola Co
The Coca Cola Co (NYSE:KO) is a leading beverage company that is known world-wide. This beverage stock peaked out on January 26, 2018 at $48.61 a share. Today, KO stock is trading higher by 0.10 to $43.56 a share. Traders should note that KO stock is now trading in a sideways range below its 50 and 200-day moving averages. This formation tells me that the stock remains in a weak technical chart position. The next key support level for KO stock will be around the $41.00 area. This level is where the stock was defended in December 2016. Often, the institutional money will defend an equity again when a major support level is retested. I will be looking to trade KO stock on the long side around the $41.00 level.
Nicholas Santiago
InTheMoneyStocks
The Coca Cola Co (NYSE:KO) is a leading beverage company that is known world-wide. This beverage stock peaked out on January 26, 2018 at $48.61 a share. Today, KO stock is trading higher by 0.10 to $43.56 a share. Traders should note that KO stock is now trading in a sideways range below its 50 and 200-day moving averages. This formation tells me that the stock remains in a weak technical chart position. The next key support level for KO stock will be around the $41.00 area. This level is where the stock was defended in December 2016. Often, the institutional money will defend an equity again when a major support level is retested. I will be looking to trade KO stock on the long side around the $41.00 level.
Nicholas Santiago
InTheMoneyStocks
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