InTheMoneyStocks Market Analysis

[InTheMoneyStocks]

Advanced Micro Devices $AMD Nears Key Bounce Level

Shares of Advanced Micro Devices (AMD) are almost $10 off their recent highs, a full 30% drop. As it craters, the weak investors go running but the smart traders are looking to buy. The key level is $25.20 for a swing trade bounce. This may be hit within a day or two.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Epic Buy Level On American Airlines $AAL Approaching

Shares of all airline stocks continue to tank as oil remains and multi-year highs. Shares of American Airlines (AAL) are trading near $34.50, down from a 52 week high of near $58. The fall in the last three weeks has accelerated as oil has spiked sharply. As average investors and funds run from airlines stocks, American Airlines has a major support and strong buy level emerging at the $33 level. Smart traders are licking their lips at this level. This is a multi-factor level with two chart signals pointing to major support. Add in an extreme oversold stochastics, RSI and other factors and there is the makings of a major bounce and buy.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

This Stock Has Given Investors A Serious Paper Cut, Know This Trade Level $IP

International Paper Co (NYSE:IP) is a leading paper and packaging company with primary markets around the world. This stock peaked out in late January 2018 at $66.94 a share. Since that high pivot, the stock has been plunging and today it trades at $45.05 a share. This is a new 52-week low for the stock and many traders are now wondering where the bottom is for the paper products giant. The stock has now broken below its 200-week moving average which is a major negative sign for the shares. Traders must now look around the $41.00 area for the next important support level. This level is an important retrace level on the chart and a spot where the stock broke out in July 2016. Often, this combination will serve as an area that will be defended by the institutional money. Please note, the company will report earnings on October 25, 2018.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Home Depot $HD Holds Support But For How Long?

Shares of Home Depot (HD) are still holding major support but top investors wonder for how long? The stock has hammered on a support trend line since April 2018. It has now tagged it four times. While still support, it is weakening. Projections show a near-term bounce, but limited to 3-5% maximum. The likely outcome after this near-term bounce is a sharp drop to $180.00.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

This Blood-Bath Decline Will Lead To Another Monster Buy, But Can You Spot The Turn?

Finally, we are starting to see a little fear on Wall Street. Yes, this could be the perfect storm. After all, we have yields rising on the 10-year U.S. Treasury Note, U.S. / China trade wars, a stronger U.S. Dollar, weak emerging markets and a never ending investigation against President Trump. There are actually even more worries in the pipeline, but these are probably the most important concerns that affect the stock market.

Traders and investors must now be patient and start to look for the potential opportunities to arise. We must realize at some point the Federal Reserve will probably stop raising interest rates. Eventually, the United States and the Chinese government will come to some type of an agreement on trade and intellectual property, both countries rely on each other for economic growth. The emerging market economies will find a bottom sooner or later, but this will probably be dependent on currency, interest rates and a few other factors. As for the investigation into the Trump administration and Russian collusion, while it gets more bizarre more the day and actually seems far fetched at this stage that it will turn into something major, this is still a wild card for the markets.

The bottom line is that the corporate tax rate in the U.S. is 21.0 percent. This makes the United States one of the most competitive countries in the world right now. Once these and other problems have some clarity and resolutions the markets in the United States should continue to expand. Now please understand, if these problems are not solved then there could be some real repercussions out there for the stock market. Until then, stay nimble and look for the charts that are signaling a bottom. After all, the S&P 500 Index is about 4.0 percent off the recent highs and still positive in 2018.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Even With The Markets Crashing, I'll Be Buying Stocks

As you all know, stocks are tumbling and volatility is soaring. Fear is now starting to creep into the marketplace. Traders and investors are now getting very defensive and doubting themselves when it comes to every move they make. This is natural and understandable when stocks fall so quickly. Now traders must start to look for major support levels on the charts for long side trades down the road. Personally, I have compiled a long list of equities that I would like to buy when my major support levels are reached. We do this by using the charts and the technical tools that tell us where the support levels are located. Learn to use the charts and eradicate the fear that cripples so many traders in volatile times.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

NASDAQ 100 $QQQ Hits Key Support, Bounce Expected

Take note of the NASDAQ 100 (QQQ) as it hit a major support today. This should start a near-term bounce higher. Look for the QQQ to trade back to as high as $180 before the next leg lower.

Gareth Soloway

InTheMoneyStocks

 

[GroundStone Holdings]

Thanks for daily updates! The analysis are very good and clean

 

[InTheMoneyStocks]

The Answer is No

Many traders were emailing me asking if this is the low in the market, the answer is no. Last night, I revealed all of the levels in the Daily Market Report $SPY, $DIA, $IWM, $QQQ, & more in play! -Nick

 

[InTheMoneyStocks]

3M $MMM Gets Slammed After Earnings, Know This Trade Level

This morning, leading industrial stock, 3M Co (NYSE:MMM), is trading lower by 6.25 percent to $188.05 a share. Earlier today, the company reported earnings that disappointed the street. There is also chatter that a stronger U.S. Dollar hurt the company's earnings.

Traders should note that 3M stock peaked out in late January 2018 at $259.77 a share. Since that high price in the shares, the stock has sunk lower by more than 27.0 percent. The stock is now trading below its important 50 and 200-day moving averages. While this is certainly a sign of weakness, the 200-week moving average was also tested and so far has held as support. A break below this key level on a weekly closing basis should signal more downside for the stock. The next major support level will be around the $170.00 area. This important support level is where the stock was defended in November 2016. Very often, when a stock back-tests a key pivot it will be defended by the institutional money.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Major Pivot Support On Nvidia Corp $NVDA Approaching

Shares of Nvidia Corp (NVDA) have taken a cliff dive in recent weeks. A month ago Nvidia was trading above $290, it now sits at $210. This epic fall gives patient traders a great opportunity. The $200 level offers a key gap fill support point on an extreme oversold stock. Pro traders expect a BIG bounce here, likely 10-20% within weeks.

Gareth Soloway

InTheMoneyStocks

 

[InTheMoneyStocks]

Shake Shack $SHAK Looks Yummy At This Trade Level

Leading restaurant stock, Shake Shake Inc (NYSE:SHAK), has been falling with the major stock market indexes lately. This is a stock that I have been looking to own at the right price or chart pattern, but it never seems to give me the setup that I have been looking for. At this time, I will be eying the $46.00 area. Currently, SHAK stock is trading around the $53.00 level, so it must still drop a bit more before reaching my level. The company is scheduled to report earning on November 1st, 2018. Should the stock decline down to the $46.00 level I would most likely to be a buyer around that area.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Watch This Key Trade Level For Microsoft $MSFT

Microsoft Corp (NASDAQ-MSFT) has been one of the leading tech stocks in 2018. Since the stock market correction began this tech giant has come under severe selling pressure. The stock peaked on October 3rd at $116.18 a share. Since that high pivot, the stock has declined down to the $102.20 level where it is trading today. It should be noted, MSFT stock is still trading above its important 200-day moving average which is at $100.68. Should the stock close below this key moving average then it would signal more weakness in the near term and further downside for the shares. The next major support level for the stock would be around the $95.00 level. This is where the stock was able to break-out of a choppy base in late May 2018. Often, the institutional money will defend a stock when it back tests a prior break-out area. Keep this level on the radar for a long side trade in MSFT stock.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

This Is Why Amazon.com $AMZN Likely Bottomed At $1,476 Today

Shares of Amazon.com (AMZN) has fallen 28% from its $1 trillion valuation day on September 4th, 2018. This monster fall wiped out hundreds of billions in market cap and sent investors running for the hills. However, smart money began accumulating today when Amazon.com broke below the $1,500 level. Why? Not only is the stock showing up as major oversold on multiple indicators (near-term) but Amazon hit a 50% Fibonacci retrace from the beginning of this mega move up (starting in September 2017). In other words, almost 1 year to the day, the up-move took place. We have now retraced 50% of that move. Smart money expects a bounce now back to $1,650 on Amazon.com shares.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Kellogg Co $K Gets Chewed Up After Earnings, Here's The Trade

This morning, leading manufacturer and marketer of cereal and convenient foods company, Kellogg Co (NYSE:K), is trading sharply lower after reporting earnings. Kellogg (NYSE:K) stock is trading lower by 8.0 percent to $66.11 per share. The stock is now trading below it's important 200-day moving average which is generally viewed as a sign of weakness and further downside to come. The next key support level for Kellogg stock will be around the $62.00 level. This is where the stock was defended on June 2nd and it will likely be supported again when retested. Traders that are looking for a level to get into Kellogg stock on the long should watch this area closely.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

$SPY Stock Market Chart Level Alert...

The $SPY is stalling at the hourly 200-Moving Average $278.37 on the chart. As noted below, a 60-minute time frame close above this key resistance level will trigger a move to the $281.00 level. Watch the pattern over the next few hours.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Retail Stocks Day Trade Levels For Acton Now, $XRT, $KORS...

Retail stocks $XRT are on the weak side today after $KORS earnings. Day traders can watch the $47.50 area for intra-day support on the $XRT.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

NASDAQ 100 $QQQ Upside Target & Short Trigger

The NASDAQ 100 is surging today following the Democrats retaking the House. The reason for the rally? Just days ago, President Trump threatened to file anti-trust cases against the big tech companies and claim they were monopolies. Investors believe that the Democrats will neutralize that threat in the near-term. As tech surges higher, investors should be ready to pull the trigger on the short side when price hits $178.00. This is a major technical resistance and all technical chart signals show another leg down in the market.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

$SQ is getting hammered this morning. The stock is on my day trading radar around the $73.35 area. Lets see if it gets down there, the level looks solid right now - Nick S.

 

[InTheMoneyStocks]

Bed Bath & Beyond $BBBY Shows First Bullish Chart In Ages

Shares of Bed Bath & Beyond (BBBY) have fallen since 2014 with almost no bounces. Many expect it to head the same way as Sears Holdings (SHLD) and it very well may years from now, but there is a great swing trade bullish setup first. Swing trades are near term investments with an outlook of days to weeks. The current pattern shows the stock putting in a significant bottom and now forming a bull flag. This bull flag likely signals a move higher in the next few weeks to $18.90, a gain of over 30%. Considering the holiday season is upon us and consumers are likely to spend record amounts, it is not hard to believe a bounce is at hand. Cheers to a nice swing trade on Bed Bath & Beyond.

Gareth Soloway
InTheMoneyStocks