InTheMoneyStocks Market Analysis
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malaguti
Re: Trade Lesson: Calculation Signals Valero Is A Short
well I'd say enough time has gone by and its fair to say dumb and dumber have definitely got it wrong with this one; your "pro elite" traders
well I'd say enough time has gone by and its fair to say dumb and dumber have definitely got it wrong with this one; your "pro elite" traders
Mr. Charts
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Re: Trade Lesson: Calculation Signals Valero Is A Short
The technical analysis approach discussed by the OP is as old as TA itself and extremely fallible. There are no TA "secrets" and no such things as "pro elite traders" except in marketing-speak.
VLO is now trading at $47 so anyone shorting it as the OP suggested has lost 10% already; and more than two weeks have elapsed.....
Humility in the market and tight stops when your prognostications are proved wrong is vital to long term success.
The markets can make us all look fools from time to time so boasting, a superior attitude and hubris are not the makings of a decent trader imho.
The technical analysis approach discussed by the OP is as old as TA itself and extremely fallible. There are no TA "secrets" and no such things as "pro elite traders" except in marketing-speak.
VLO is now trading at $47 so anyone shorting it as the OP suggested has lost 10% already; and more than two weeks have elapsed.....
Humility in the market and tight stops when your prognostications are proved wrong is vital to long term success.
The markets can make us all look fools from time to time so boasting, a superior attitude and hubris are not the makings of a decent trader imho.
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InTheMoneyStocks
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Massive Insider Selling: Google Kissing Master Resistance
Google Inc (NASDAQ:GOOG) is trading at $802.38, +9.48 (1.20%). This is a new all time high and Wall Street is cheering. In the short term Google appears to be very strong but there is a master level approaching at $810.00. This is a pivot cycle point which will be an inflection point on the stock. It should start heading south by early next week if this level is tagged.
Just in the last month Eric Schmidt, one of the founding fathers of Google reportedly sold half his entire stake, 3.2 million shares. In addition, countless other insiders are dumping at a record pace. For a stock that appears unstoppable, something is amiss.
Gareth Soloway
InTheMoneyStocks
Google Inc (NASDAQ:GOOG) is trading at $802.38, +9.48 (1.20%). This is a new all time high and Wall Street is cheering. In the short term Google appears to be very strong but there is a master level approaching at $810.00. This is a pivot cycle point which will be an inflection point on the stock. It should start heading south by early next week if this level is tagged.
Just in the last month Eric Schmidt, one of the founding fathers of Google reportedly sold half his entire stake, 3.2 million shares. In addition, countless other insiders are dumping at a record pace. For a stock that appears unstoppable, something is amiss.
Gareth Soloway
InTheMoneyStocks
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malaguti
Re: Massive Insider Selling: Google Kissing Master Resistance
really interested to know how you got on with your last prediction
http://www.trade2win.com/boards/stocks/165672-trade-lesson-calculation-signals-valero-short-3.html
really interested to know how you got on with your last prediction
http://www.trade2win.com/boards/stocks/165672-trade-lesson-calculation-signals-valero-short-3.html
InTheMoneyStocks
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Has The Japanese Stock Market Peaked Yet?
One of the hottest stock markets in the world has been the Japanese stock market. The highly followed Nikkei 225 Index has rallied higher by 3200.0 points since mid-October. Anytime an index surges higher by more than 35.0 percent in such a short span of time it does make traders and investors wonder how much further this index can trade before pulling back or staging a meaningful correction.
Traders and investors should now expect a pullback and possibly a correction to take place in the highly followed Japanese stock market. Recently, Japan's Finance Minister Taro Aso stated that he wanted to get the Nikkei 225 Index to reach 13,000 by the end of March. Devaluing the Japanese Yen (Japan's currency) is the tactic that the Japanese government and Bank of Japan (central bank) are using to inflate their stock market. While it has been working it does not come without repercussions. Anytime any country devalues their currency it will ultimately lead to inflation. As many of you know, Japan has been fighting deflation for nearly 20 years now, so I guess they are thinking that they need to really inflate their markets.
As a technical trader we know that markets can only travel so far before pulling back. It does not matter how much money printing and inflationary tactics are taking place. At certain technical points markets will pullback or consolidate before moving higher. You see, institutions that are long the Nikkei 225 Index will simply want to lock in some gains and this will cause the markets to pullback regardless of any government effort to prop up the market.
It looks as if the Nikkei 225 Index has now reached a level where a pullback or possibly a correction should occur. The Nikkei should have near term daily chart support around the 10,500 level. This is a level where the Nikkei 225 index could see a decent bounce according to the charts. Another way to play the Japanese market is to use the iShares MSCI Japan Index Fund (NYSEARCA:EWJ). Some leading Japanese ADR's that trade in the United States could also be affected. Leading Japanese stocks such as Sony Corporation (ADR) (NYSE:SNE), Panasonic Corporation (ADR) (NYSE
C), Toyota Motor Corporation (ADR) (NYSE:TM), and Canon Inc. (ADR) (NYSE:CAJ) could pullback if the Nikkei 225 Index declines.
Nicholas Santiago
One of the hottest stock markets in the world has been the Japanese stock market. The highly followed Nikkei 225 Index has rallied higher by 3200.0 points since mid-October. Anytime an index surges higher by more than 35.0 percent in such a short span of time it does make traders and investors wonder how much further this index can trade before pulling back or staging a meaningful correction.
Traders and investors should now expect a pullback and possibly a correction to take place in the highly followed Japanese stock market. Recently, Japan's Finance Minister Taro Aso stated that he wanted to get the Nikkei 225 Index to reach 13,000 by the end of March. Devaluing the Japanese Yen (Japan's currency) is the tactic that the Japanese government and Bank of Japan (central bank) are using to inflate their stock market. While it has been working it does not come without repercussions. Anytime any country devalues their currency it will ultimately lead to inflation. As many of you know, Japan has been fighting deflation for nearly 20 years now, so I guess they are thinking that they need to really inflate their markets.
As a technical trader we know that markets can only travel so far before pulling back. It does not matter how much money printing and inflationary tactics are taking place. At certain technical points markets will pullback or consolidate before moving higher. You see, institutions that are long the Nikkei 225 Index will simply want to lock in some gains and this will cause the markets to pullback regardless of any government effort to prop up the market.
It looks as if the Nikkei 225 Index has now reached a level where a pullback or possibly a correction should occur. The Nikkei should have near term daily chart support around the 10,500 level. This is a level where the Nikkei 225 index could see a decent bounce according to the charts. Another way to play the Japanese market is to use the iShares MSCI Japan Index Fund (NYSEARCA:EWJ). Some leading Japanese ADR's that trade in the United States could also be affected. Leading Japanese stocks such as Sony Corporation (ADR) (NYSE:SNE), Panasonic Corporation (ADR) (NYSE
C), Toyota Motor Corporation (ADR) (NYSE:TM), and Canon Inc. (ADR) (NYSE:CAJ) could pullback if the Nikkei 225 Index declines.Nicholas Santiago
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malaguti
Re: Massive Insider Selling: Google Kissing Master Resistance
looks like your prediction of Google is going in exactly the same direction of Valero
looks like your prediction of Google is going in exactly the same direction of Valero
ZaBu
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Re: Massive Insider Selling: Google Kissing Master Resistance
You beat me to it
I was just coming back to this one.
looks like your prediction of Google is going in exactly the same direction of Valero
You beat me to it
I was just coming back to this one.
M
malaguti
Re: Massive Insider Selling: Google Kissing Master Resistance
I was watching those "master levels" like a hawk!
You beat me to it
I was just coming back to this one.
I was watching those "master levels" like a hawk!
ZaBu
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Re: Massive Insider Selling: Google Kissing Master Resistance
That must qualify you as a 'pro elite trader' :clap: Only the very best are able to identify master levels through the dark arts of arithmetic.
That must qualify you as a 'pro elite trader' :clap: Only the very best are able to identify master levels through the dark arts of arithmetic.
InTheMoneyStocks
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Answered: Why Markets Hit Again On Cyprus Worries
The markets are taking a hit again today on more worries out of Cyprus. This tiny country is turning out to be a possible catalyst for contagion in the Euro Zone. Plenty of new drama is surfacing. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $154.32, -0.65 (-0.42%).
There was a scheduled vote today on whether or not to impose the tax on depositors in Cyprus. The automatic tax on all funds within banks in Cyprus sent the markets reeling yesterday. However, today, even if the vote did not pass, disaster could be around the corner.
If the vote does not pass, Cyprus may have to exit the Euro Zone as they default on their loans. Should this happen, it could spread quickly to Greece, Italy, Spain and Portugal.
In other words, if the vote passes and a tax is imposed on all depositors, it creates a run on the banks, if it is not passed, Cyprus defaults exit the EU. Either way, contagion is a very likely outcome across Europe.
Gareth Soloway
InTheMoneyStocks
The markets are taking a hit again today on more worries out of Cyprus. This tiny country is turning out to be a possible catalyst for contagion in the Euro Zone. Plenty of new drama is surfacing. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $154.32, -0.65 (-0.42%).
There was a scheduled vote today on whether or not to impose the tax on depositors in Cyprus. The automatic tax on all funds within banks in Cyprus sent the markets reeling yesterday. However, today, even if the vote did not pass, disaster could be around the corner.
If the vote does not pass, Cyprus may have to exit the Euro Zone as they default on their loans. Should this happen, it could spread quickly to Greece, Italy, Spain and Portugal.
In other words, if the vote passes and a tax is imposed on all depositors, it creates a run on the banks, if it is not passed, Cyprus defaults exit the EU. Either way, contagion is a very likely outcome across Europe.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
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Just Watch This Stock
The most important stock in the market is J.P. Morgan Chase & Co (NYSE:JPM). This stock has led the major stock indexes higher and lower over the past five years. Recently, the stock has been bombarded with negative news regarding its highly publicized London Whale trading loss. When JPM stock declines it is often viewed as a stock market barometer. Traders should note that JPM stock just traded into a mountain of chart resistance around the $51.00 level. The daily chart of JPM is signaling some support around the $47.00 level. Should that level fail to hold as support then it could spell real trouble for the stock market and the market leading financial stocks. Short term traders should watch for intra-day support around the $48.40 level.
Some other leading financial stocks that traders should follow closely include Deutsche Bank AG (NYSEB), Goldman Sachs Group Inc (NYSE:GS), BlackRock Inc (NYSE:BLK), and Bank of America Corporation (NYSE:BAC). This industry group has been one of the top sectors since October 4, 2011. If this sector starts to rollover it should indicate that a true stock market correction is underway. Until that time, just follow the financial stocks.
Nick Santiago
InTheMoneyStocks
The most important stock in the market is J.P. Morgan Chase & Co (NYSE:JPM). This stock has led the major stock indexes higher and lower over the past five years. Recently, the stock has been bombarded with negative news regarding its highly publicized London Whale trading loss. When JPM stock declines it is often viewed as a stock market barometer. Traders should note that JPM stock just traded into a mountain of chart resistance around the $51.00 level. The daily chart of JPM is signaling some support around the $47.00 level. Should that level fail to hold as support then it could spell real trouble for the stock market and the market leading financial stocks. Short term traders should watch for intra-day support around the $48.40 level.
Some other leading financial stocks that traders should follow closely include Deutsche Bank AG (NYSE
B), Goldman Sachs Group Inc (NYSE:GS), BlackRock Inc (NYSE:BLK), and Bank of America Corporation (NYSE:BAC). This industry group has been one of the top sectors since October 4, 2011. If this sector starts to rollover it should indicate that a true stock market correction is underway. Until that time, just follow the financial stocks. Nick Santiago
InTheMoneyStocks
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malaguti
Re: Just Watch This Stock
so not Valero, or google then no?
http://www.trade2win.com/boards/stocks/165672-trade-lesson-calculation-signals-valero-short.html
http://www.trade2win.com/boards/sto...selling-google-kissing-master-resistance.html
so not Valero, or google then no?
http://www.trade2win.com/boards/stocks/165672-trade-lesson-calculation-signals-valero-short.html
http://www.trade2win.com/boards/sto...selling-google-kissing-master-resistance.html
InTheMoneyStocks
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Netflix (NFLX) Triangle Signals A Little More Upside
Netflix, Inc. (NASDAQ:NFLX) is trading at $190.68, +9.89 (5.47%). The stock is having a solid day but still trading in a technical triangle pattern. A triangle basically alerts traders to consolidation. In this case, it tells of bullish consolidation for one final move higher. The move higher should take it to $208.00. This would be a technical gap fill level and major resistance.
Gareth Soloway
InTheMoneyStocks
Netflix, Inc. (NASDAQ:NFLX) is trading at $190.68, +9.89 (5.47%). The stock is having a solid day but still trading in a technical triangle pattern. A triangle basically alerts traders to consolidation. In this case, it tells of bullish consolidation for one final move higher. The move higher should take it to $208.00. This would be a technical gap fill level and major resistance.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
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Valero (VLO) Flag Pattern Plays Out Perfectly
Valero Energy Corporation (NYSE:VLO) is falling sharply on the day. The stock is trading at $43.22, -1.75 (-3.89%). This was a great trade for those investors who saw the bearish flag pattern on the daily chart (seen below). Learning a pattern can be one of the easiest ways to profit consistently in any market long or short. In this case, a bear flag pattern signals a short. Members jumped on board yesterday and are riding high, up almost 5% in 24 hours.
Gareth Soloway
InTheMoneyStocks
Valero Energy Corporation (NYSE:VLO) is falling sharply on the day. The stock is trading at $43.22, -1.75 (-3.89%). This was a great trade for those investors who saw the bearish flag pattern on the daily chart (seen below). Learning a pattern can be one of the easiest ways to profit consistently in any market long or short. In this case, a bear flag pattern signals a short. Members jumped on board yesterday and are riding high, up almost 5% in 24 hours.
Gareth Soloway
InTheMoneyStocks
Mr. Charts
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Re: Valero (VLO) Flag Pattern Plays Out Perfectly
Another throw of the dice
http://www.trade2win.com/boards/stocks/165672-trade-lesson-calculation-signals-valero-short.html
Another throw of the dice
http://www.trade2win.com/boards/stocks/165672-trade-lesson-calculation-signals-valero-short.html
InTheMoneyStocks
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Re: Just Watch This Stock
malaguti, thanks for the comment. We would suggest contributing something of value instead of wasting your time and that of others. You can start with learning a thing or two. First, Nick and Gareth contribute a great amount of useful information for free. Many people appreciate it, however, there are always "haters," “trolls” whatever you want to call it. What ever your situation may be, you should know that the paying members of Nick and Gareth's services have benefited from their OVER 80% winning ratio of calls, (fully documented for 2013 thus far already) and that is powerful. You choose to continually reference a few posts out of hundreds, maybe this makes you feel good, but you could feel better if you took a second to realize that Gareth and Nick truly help thousands of people, and that is all they aim to accomplish. We hope you can understand that and not take offense as none is meant. Thanks again.
malaguti, thanks for the comment. We would suggest contributing something of value instead of wasting your time and that of others. You can start with learning a thing or two. First, Nick and Gareth contribute a great amount of useful information for free. Many people appreciate it, however, there are always "haters," “trolls” whatever you want to call it. What ever your situation may be, you should know that the paying members of Nick and Gareth's services have benefited from their OVER 80% winning ratio of calls, (fully documented for 2013 thus far already) and that is powerful. You choose to continually reference a few posts out of hundreds, maybe this makes you feel good, but you could feel better if you took a second to realize that Gareth and Nick truly help thousands of people, and that is all they aim to accomplish. We hope you can understand that and not take offense as none is meant. Thanks again.
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