InTheMoneyStocks Market Analysis

[InTheMoneyStocks]

NXP Semi Tanks After Failed Merger, Here's the Trade $NXPI

Earlier today, Qualcomm (NASDAQ:QCOM) officially ended its takeover of NXP Semiconductor NV (NASDAQ:NXPI) after failing to get Chinese regulatory approval. This news is sending NXPI stock lower by nearly 7.0 percent to $91.63 a share. NXPI stock is now testing the pivot low from May 3, 2018. Should the stock close below this key support level on weekly chart basis it will signal another leg lower for the stock. Traders and investors must now watch for major support around the $80.00 area. This level is where the stock broke out in September 2016. Often, prior breakout levels will serve as excellent support for a stock when it is retested.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Trade Lesson: The Best Moves Come From Failed Moves

There is an old market adage that states, the best moves come from failed moves. If you have taken the InTheMoneyStocks.com Methodology Revealed trading course you have seen this proven many times. Today, I'm going to give you an example of a failed move in a stock that almost everyone knows.


The stock is Twitter Inc. (NASDAQ:TWTR). As you all know, this stock had been one of the strongest stocks in 2018. In January 2018, TWTR stock was trading as low as $23.68 a share. Then the stock started to rise and traded as high as $47.79 a share on June 15, 2018. That is a 100.0 percent gain in just six months. Then TWTR stock began to trade sideways for a little over a months time forming a bullish consolidation pattern. It should be noted that bullish consolidation patterns usually signal a major upside breakout is on the horizon. Unfortunately, TWTR stock plunged lower after its earnings report breaking the bullish pattern. This tells us that the stock wants to go sharply lower. Often failed moves lead to significant downside and that is evident in the current TWTR stock price. Today, TWTR stock is trading lower by $1.93 to $32.18 a share.


TWTR stock will have some daily chart support coming up around the 200-day moving average which is around the $30.00 level. Should this level fail to hold as support then traders will have to look lower toward the $25.00 area. This trade level is where the stock broke out in February 2018. Often, prior breakout levels will be defended when retested.

Nicholas Santiago

InTheMoneyStocks

 

[InTheMoneyStocks]

CBS Corp $CBS Smoked, Here Is The Buy Level

Shares of CBS Corporation (CBS) are falling sharply again today after the head of the company continued to have allegations of sexual misconduct levied against him. As the stock falls, it begins to look attractive based on valuation metrics. In addition, the technical chart has a strong support level at $47.75. With the stock currently trading at $51.20, it is not a far reach to assume it could hit the technical gap fill buy level within days. This is where the top pros are looking to accumulate in the coming days.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Know This Trade Level For Charles Schwab Corp $SCHW

Leading financial firm, Charles Schwab Corp (NYSE:SCHW), has been steadily moving lower since May 21, 2018. At the time, the stock traded as high as $60.22 a share. Today, the stock is trading lower by 0.24 to $51.08 a share. The current chart pattern is not indicating much strength. Yesterday, the stock closed below the important 200-day moving average which is viewed as a sign of weakness. Traders and investors must now look lower for major chart support. There still looks to be a lot of support for SCHW stock around the $47.50 area. This is where the stock broke out in late November 2017. Often, when a stock trades back down into a prior breakout area it will be defended by the institutional crowd. That should be the case this time around as well for SCHW shares.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

MAJOR Stock Chart Alert: Telling You Where The Market Is Headed...

Markets floating, but staying under a classic retrace (scene of the crime) trend line on the $SPY. As long as this stays below, markets are VERY vulnerable into $AAPL earnings and tomorrow's Fed statement...

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

This Is Why GoDaddy Inc $GDDY Bounce At $72.18 Today...

Shares of GoDaddy Inc (GDDY) were collapsing for the third day in a row before a strong bounce took place at $72.18. The reason for this bounce was easily predicted by pro traders. If you connect the lows of the stock over the last 6 months, the lows all line up perfectly. Today's lows went right to the trend line (as seen in the chart below). Overall, pro traders expect only a day or two bounce, then a massive break lower on GoDaddy. They are looking for a $65.00 target on the stock within two weeks.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Scotts Miracle-Gro Co $SMG Drops After Earnings, Watch This Level

Last night, leading lawn and garden products company, Scotts Miracle-Gro Co (NYSE:SMG), reported earnings that are not being well received by investors. Today, SMG stock is trading lower by 3.64 percent to $76.54 a share. This stock has been steadily declining the start of the year. It is now in a confirmed downtrend and trading below its important 200 and 50-day moving averages. Traders and investors will now need to look at the $70.00 area for major support. This level is where the stock broke out in July 2016. Often, prior breakout level will be defended by the institutional crowd when retested.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Volume trends in the SPY

Volume trends in the SPY still remain extremely light this week despite the earnings announcements, and the trade war talk. Tomorrow's key market event will be the non-farm payroll report. This is why we must trade what the market gives us- Nick

 

[InTheMoneyStocks]

This Auto Stock Will Be On Sale Due Trade Wars

As you all know, many stocks have come under severe pressure due to tariffs and trade war chatter. One particular industry group that has been affected by the tariffs has been the auto stocks. The tariffs in steel and aluminum has been sited as a direct tax on this sector. Leading U.S. Auto stocks such as General Motors Co (NYSE:GM), Fiat Chrysler Automobiles (NYSE:FCAU) and Ford Motor Co (F:NYSE) have come under selling pressure recently, but this should lead to an excellent buying opportunity very soon.

General Motors Co (NYSE:GM) is a leading U.S. automobile stock that has been falling sharply since June 12, 2018. At that time, the stock traded as high as $44.86 a share. Today, GM stock is trading around $36.48 a share, so you can see how quickly this stock has declined. Traders and investors should now watch the $34.50 area for major chart support. This level is where the stock was defended in March 2018. Ofter, prior support levels will serve as a solid support area for a major bounce when it is retested.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

This Auto Stock Will Be On Sale Due Trade Wars

Double Post

 

[InTheMoneyStocks]

This One Signal Makes Ford Motor Company $F A Strong Buy

Shares of Ford Motor Company (F) have been taking a beating of late as trade war talk and action are center stage. Just in the last couple months, Ford is down from over $12.00 to under $10.00. While the picture is not pretty, the chart is actually signaling a strong buy. Technical traders are connecting the lows of the daily stock chart starting in late 2016. There is a down-sloping trend line that connects with all lows. Every time the stock price of Ford hits this trend line, it jumps sharply higher for weeks or months. It just so happens that Ford is hitting this trend line again. That indicates a strong surge higher in the coming weeks/months. Smart money is buying here at $9.95.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

The Bounce Level On Gold Revealed

Gold has been in a near-term bear trend. As it falls, look for major support at $1,195. This will be a technical bounce level, not necessarily a long-term buy or long-term low pivot. Expect a bounce back to $1,250.00.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Toyota Motor Corp $TM Might Have More Pain Before Gain

Today, leading automobile stock, Toyota Motor Corp (NYSE:TM), is trading lower by $2.98 to $128.32 a share. The stock has made lower highs on the chart since January 2018 when the stock traded as high as $140.99 a share. The current chart pattern will usually signal lower prices ahead for the stock. Traders and investors must now watch the $120.00 area for the next important support level. This is where the 200-week moving average is located and should serve as major support when tested.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Key Trend-Line To Watch On The $SPY Today...

 

[InTheMoneyStocks]

Major Level Tagged On The VIX, See It Here

The VIX broke 11 today, tagging a major support level. Anytime the VIX gets below 12, the markets are stagnant and complacent. However, below 11 it is starting to get to an extreme. The chart of the VIX fill a gap going back to the January 2018 highs. This is significant because of the gap fill, but also the market top in January. Keep a close eye on the market in the next few days.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Transports Likely Headed To Double Top $IYT

The transportation index ETF (IYT) is likely headed for a double top within a week. This is being signaled by the stock chart which just broke a recent high and has no further resistance until $206.50, the double top. This double top will be significant resistance and could see a pull back.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Newell Brands Inc $NWL Has Been Toasted, Know This Trade Level

Newell Brands Inc (NYSE:NWL) is a leading marketer of consumer and commercial products. Some of the products include Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo and others.

Today, the stock is making a new 52-week low trading at $22.14 a share. Traders and investors should note that the stock actually topped out in June 2017 at $55.08 a share. So it easy to see the down trend that NWL stock is currently in. The next major support level for this stock will be around the $17.00 area. Unfortunately, this support area is still much lower than the current share price. This level is where the stock broke out in August 2012 from an eight month base. Often, prior break-out levels will serve as excellent support when retested.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Autohome Inc $ATHM Sinks After Earnings, Here's The Trade

Autohome Inc (NYSE:ATHM) is an online destination for automobile consumers in China. Earlier today, the company reported earnings that are not being well received by the markets. The stock is trading lower by more than 9.0 percent to $86.58 a share. Traders should note that the stock is now trading down into its 200-day moving average. This key support area is holding up as support right now, but a close below it could signal more selling in the shares. The next key support area for ATHM stock will be around the $70.00 level. This is where the stock will have a major retrace level on the chart and should be defended. It is also important for traders to understand that the Chinese market is down trending and trading lower by nearly 17.0 percent this year.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Oil Trading At $66.50, If It Breaks, Target $52.00/BBL

The stock chart on oil could signal a massive collapse in the coming months. Spot crude is trading at $66.50, hitting a long-term trend line of major support. However, if oil breaks below this level, it will likely collapse within 6 months to $52.00/bbl. Watch closely, it may be on the horizon.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

The Big Banks

The big banks are a bit weak today. $JPM, $BAC, $C & $WFC are all negative. They will all be on my day trading radar for action this afternoon - Nick