InTheMoneyStocks Market Analysis

I saw this article yesterday and remembered your post. ......I thought you might find it useful......
Enjoy.......

-----

Gold and silver both started surging in January, but silver less so. Silver has also dropped in late February, while gold has held near its 2016 high. This is called divergence. There are a couple reasons for divergence between the movement of gold and silver prices. One is the gold/silver ratio, a method traders use to assess the value of one metal to the other. Another reason for the divergence may be more fundamental, involving the demand and applications of the metals of themselves.

much more in the link below..............

-----



http://www.investopedia.com/article...es-are-diverging-gld-slv.asp?partner=mediafed
 
S&P Approaching Key Trend Line: Markets To Meet Major Resistance

The $SPY is quickly approaching a trend line shown in the chart below. Notice how it connects through all the highs extending back to the all-time high on the $SPY in May 2015. In other words, the markets are testing a level/trend line that began almost a year ago.

Truly epic and should cause a major battle between bulls & bears. The $SPY has rallied over 15% since the February 2016 lows in one of the biggest moves (in a short period) since the 1930's.

SPY04.14.2015.png


Gareth Soloway
InTheMoneyStocks
 
I would advise buying physical gold and silver and not watching charts from month to month as in the long run they are worthless.The true U.S. debt including Social Security, Medicare, Medicaid, etc now stands at over $63 TRILLION! No one has the courage to address this massive problem in a serious manner. We have crossed the tipping point and the elections here are meaningless. What is the difference between a Democrat and a Republican? A Republican runs up massive debt but apologize for doing so but a Democrat does not. The Breton Woods Agreement that was put in place in 1946 by 44 nations gave the U.S. dollar world reserve currency status. This gives the U.S. a discount on everything they buy because everything must be priced in dollars. This began to be abused when President Nixon took the country off the gold standard. Once this was done, the U.S. began to run debt and print money. As the manufacturing base has continued to collapse in America more printing has been done to take the place of declining revenues and debt is now in a vertical line. Common sense should tell us that this cannot continue forever without some type of dramatic collapse but the American Government is arrogant and ignores all common sense and it's citizens are ignorant of the facts. Debt is nearing 4 times GDP. There is now an alliance of 57 nations led by Russia and China forming that represents 62% of the global economic power. This alliance plans to put a new IMF in place in Beijing with a new basket of global currencies which actually started last year. At some point in the not too distant future the new IMF will begin dumping U.S. dollars on the market and this will begin the death spiral of the Dollar as World Reserve Currency. The U.S. will no longer have control and be able to print. The American stock market will collapse and the commodities will rise in price. This will trigger a dramatic spike in precious metals prices with gold tripling or more and silver going to it's normal relationship with gold at 1/20th value - not 1/80th as it is now. So in the end, it would be much smarter to own gold and silver and don't watch charts and trade. I believe the collapse of the U.S. Dollar is coming very soon.
 
Key Trade Level Approaches For This Leading Insurance Stock

Traders and investors should note that the leading insurance company stock American International Group, Inc. (NYSE:AIG) has been declining lower since the start of the year. In January 2017, AIG stock was trading as high as $67.47 a share. Today, AIG stock is trading lower by $59.43 a share. Many traders and investors are now wondering if this leading insurance stock is now trading at an attractive level. Well, the chart is telling us there should be a little bit more downside in the cards for AIG stock.

The weekly chart of AIG is signaling a major support level around the $58.00 area. This price level is where the institutional money was injected into the stock back in November 2016. If you look at the chart below you will clearly see the big weekly chart reversal pattern that occurred. Often the institutional money will support the stock when this level is retested. Please understand, AIG will report earnings on May 3, 2017. So there is a good chance this level could be tested around that time of the earnings release. Either way, the $58.00 area is a solid buy level for the stock.


aig%204.17.17.png


Nicholas Santiago
InTheMoneyStocks
 
Strong Buy Alert On AK Steel Holding Corporation $AKS. Take Note Of This...

There is a fantastic swing trade buy on shares of AK Steel Holding Corporation (NYSE:AKS) based on a gap fill support level tagged today. This is a huge level and will likely trigger a monster bounce in the next few days. The price point entry buy level is the gap fill at $6.15. The upside bounce expected is $7.65 (+25%).

To put it in perspective and show this bounce isn't even anything that big, AK Steel Holding Corp $AKS was trading over $11.25 in mid-January. This means AK Steel has declined 45% in just a few months. To expect a bounce back to $7.65 is nothing. The recent sharp decline in shares of AK Steel and other steel stocks is due to President Donald Trump's cozy behavior with China. The steel companies had hoped he would smack tariffs on China steel coming into the United States. That looks very unlikely at this point. However, as I always say, it is likely that he will Tweet about possibly doing it in the near future, causing an instant pop in these stocks. Note the chart below...


AKS%2004.17.2017(2).PNG


Gareth Soloway
InTheMoneyStocks
 
Is The U.S. Dollar Bull Market Over?

The U.S. Dollar Index (DXY) has been soaring higher since September 2014. At that time, the U.S. Dollar Index (DXY) traded around $85.00 per contract. Today, the U.S. Dollar Index is trading around $99.75 per contract. Many talking heads on the financial television channels are calling for a collapse in the U.S. Dollar, but that has not occurred. In fact, the U.S. Dollar Index has actually strengthened since bottoming in early 2008 when it traded as low as $70.69.

This year, the U.S. Dollar Index topped out on January 3, 2017 at $103.82. Since that top, the U.S. Dollar Index has actually been making lower highs on the daily chart. Lower highs are generally a bearish indication for lower prices, but at some point the U.S. Dollar Index will find a solid institution support level and be defended.

Over the past few weeks, President Trump has voiced his opinion that he likes a weaker U.S. Dollar because it will help boost U.S. exports. Since that statement by President Trump the U.S. Dollar Index has continued to declined further.

According to the current chart pattern it seems like the U.S. Dollar Index is simply going through a normal correction after such a big run in price and time. In the near term, the charts are signaling a decline in the U.S. Dollar Index to the $97.50 level. This area should be where the institutional traders will be waiting to support the U.S. Dollar Index (DXY). The larger time-frame pattern signals a U.S. Dollar Index move all the way up to the $105.00 level ultimately. What can be the catalyst for this move higher? Perhaps, problems in Europe, Japan and China. Who knows? This is why I follow the charts, the money flow and chart pattern tell us the trade.

So what is the trade setup? When the U.S. Dollar Index declines to the $98.00 - $97.00 level it is time to buy the Greenback. Some ways to play the U.S. Dollar on the long side are to buy U.S. Dollar Index contracts (DX-M7), or the PowerShares DB US Dollar Index Bullish ETF (NYSEARCA:UUP).


dxy%20daily%204.19.17.png


Nicholas Santiago
InTheMoneyStocks
 
This Will Seal The Fate Of Apple $AAPL

Shares of Apple Inc (NASDAQ:AAPL) have been unable to bounce over the last few days, after pulling back from all-time highs. This chart formation is known as a bear flag. In addition, if you connect the recent lows of the last month (as seen in the chart below) you can clearly see a breakdown is taking place. This seals the fate of $AAPL in the near-term, a solid drop is coming. Investors should be short shares of Apple, looking for a downside long-term target of $121.50.

AAPL%2004.19.2017.PNG


Gareth Soloway
InTheMoneyStocks
 
Johnson & Johnson (NYSE:JNJ) Drops After Earnings

A few days ago the leading healthcare stock Johnson & Johnson (NYSE:JNJ) dropped sharply lower after reporting earnings. The stock lost about 3.0 percent on April 18th, 2017. Many traders and investors are now wondering where this stock will finally find a low and rebound.

The daily chart 200-day moving average is sitting around the $119.00 level. This will be a decent chart support area for a bounce, but if the stock consolidates above the $119.00 level for another week or so traders will have to look lower. The next major support level for JNJ stock will be around the $116.83 level. This is an area where the stock broke out in February 2017. Often, stocks will retrace back down to the break-out level before moving higher. Either way, JNJ stock should be on traders radar.

JNJ%204.20.17.png


Nicholas Santiago
InTheMoneyStocks
 
The Euro (EUR/USD) Is Still Going Higher

Since the start of 2017 the Euro has been climbing higher against the U.S. Dollar. On January 3, 2017 the EUR/USD traded as low as 1.034. Today, the EUR/USD is trading around 1.0865. The EUR/USD has been making higher lows on the daily chart and that is usually a sign of higher prices to come in this currency pair.

How high is the EUR/USD going to trade? Well, the current chart pattern signals a potential move in the EUR/USD to around the 1.1040 level. This should complete the rally that started in January. This level in the EUR/USD should also lead to a very good shorting opportunity. Traders that want to try a short trade in the EUR/USD can use the ProShares UltraShort Euro (NYSEARCA:EUO). The downside target for the EUR/USD is for a move to the 1.02 level.

eurusd%204.24.17.png


Nicholas Santiago
InTheMoneyStocks
 
$TWLO Retrace Gives Investors A Great Buy For Next Leg Up

Just over a week ago, Twilio Inc (NYSE:TWLO) was upgraded by institutional investors. This upgrade was the catalyst for a breakout on the stock chart, sending the stock from $27.00 to $34.00. The benefit of this move was that it took out a major trend line of resistance, clearing a hurdle that has kept the stock under pressure for a long time. Once cleared, the stock is free to continue up. However, first, it needs to consolidate, essentially digesting the recent big 25% move. That is where smart investors look for a buy.

So far, the stock has pulled back to a low of $30.21. The key is looking for a retrace into the former breakout trend line. This is known as the scene of the crime (breakout) on the stock. Once there, Twilio becomes a huge buy. Note the chart below...

TWLO%20123.PNG


Gareth Soloway
InTheMoneyStocks
 
Beverage Stocks Drop, Know This Institutional Buy Level

Today, two of the leading soft drink companies Dr Pepper Snapple Group Inc.(NYSE: DPS) and PepsiCo Inc.(NYSE😛EP) are declining sharply lower after reporting earnings. Dr Pepper Snapple Group Inc.(NYSE: DPS) is the bigger loser on the session falling by nearly 5.0 percent on the session. PepsiCo stock is down just 0.81 percent at this time.

Traders and investors that are looking to buy Dr Pepper Snapple Group Inc.(NYSE: DPS) stock must now be patient. When a stock declines this sharply from its recent high there is usually more downside over the next few weeks. One level that looks very attractive for Dr Pepper Snapple Group Inc.(NYSE: DPS) stock is the $87.00 area. This looks to be a level where the institutional money has defended the stock in the past and it will likely do it again should DPS stock fall to that support area.

DPS%204.26.17.png


Nicholas Santiago
InTheMoneyStocks
 
How To Trade Yesterday's Home Depot (HD) Topping Tail

New all-time highs seem almost normal in this market. Countless stocks hit new-all time highs almost every day. This is exactly what has happened with Home Depot Inc (NYSE:HD). Yesterday, Home Depot surged to a all-time high of $154.65. The difference however, was that the stock reversed those gains and closed near the lows of the day. This formed a stock chart candle called a topping tail. topping tails that occur at 52 week or all-time highs are extremely bearish indicators. Technical investors and traders use this signal as a shorting trigger.

The way investors should trade this is simple. Short Home Depot Inc with a downside target of $139.25. However, if the stock every closes above the high of the topping tail of $154.65, stop out immediately. This gives investors tiny risk of less than $1.00 while rewarding investors with possible downside of $15.00. That is a fantastic risk to reward setup.

HD%2004.25.2017.PNG


Gareth Soloway
InTheMoneyStocks
 
Big Blue (NYSE:IBM) Is Nearing Institutional Support

One of the leading information technology stocks in the world is International Business Machines Corporation (NYSE:IBM). This tech giant's stock price peaked out on February 16, 2017 at $182.79 a share. Since that time, the stock has sold off by more than $20.00 and is now trading at $160.29 a share. Many financial news reports continue to be very negative as IBM has continued to report declining revenue growth for 20 consecutive quarters.

As a technical trader we do not really care about the news. A technical trader and investor really just cares about the money flow and the institutional support and resistance levels. Currently, IBM stock is now nearing solid chart support around the $158.00 level. This is an area where the stock broke out to the upside in November 2016. So here is the trade, I will look to buy IBM stock around the $158.00. level. The target on the trade will be around the $170.00 area. Traders should use a weekly chart stop-loss below $154.00.

IBM%205.1.17.png


Nicholas Santiago
InTheMoneyStocks
 
This Is Why Investors Should Be Bullish Into Gilead Sciences $GILD Earnings

Gilead Sciences, Inc. (NASDAQ:GILD) reports earnings after the stock market closes on Tuesday, May 2nd, 2017. I am bullish ahead of this report based on the stock chart. In the last week, Gilead Sciences broke above the daily 50 moving average and has since consolidated in a bullish flag pattern. In addition, the stock continues to trade just off 52 week lows, meaning expectations are low from investors. The company holds a ton of cash as well adding to their strength. I have an upside target on Gilead Sciences $73.50. This is a gap fill and close to the 200 moving average resistance. Analysts expect earnings of $2.37 per share on revenue of $6.68 billion.

GILD%2005.02.2017.PNG


Gareth Soloway
InTheMoneyStocks
 
Trade Alert: United States Steel $X Large Bounce Expected Here...

I issued a buy trade alert today when United States Steel Corp (NYSE:X) briefly went below $21. The buy level we grabbed it at was $20.96 based on a monster support gap fill (technical analysis). U.S. Steel Corp has dropped from the $42 range as well, meaning it is down 50% in the last four months.

Being extremely oversold in conjunction with major support gave me the signals I needed to issue this buy. I am expecting a sharp bounce in the coming days and weeks. The max upside is $28 for patient investors but I will most likely sell when it hits the recent gap window of $24.25. Technical trade setups like this are fantastic.


X%2005.03.17.PNG


Gareth Soloway
InTheMoneyStocks
 
Crude Oil Takes This Oil Services Stock Down, Watch This Trade Level

Today, crude oil is tumbling lower by more than 2.0 percent to $45.75 a barrel. The recent fall in oil prices has certainly hurt many of the leading energy stocks. The oil services sector has been hit particularly hard recently. This industry group can be followed by tracking the VanEck Vectors Oil Services ETF (NYSEARCA:OIH). This ETF is now nearing major support on the charts.

One leading oil services stock that has fallen sharply has been Schlumberger Limited (NYSE:SLB). This stock has been falling since the start of 2017 when it traded as high as $87.84 a share. Today, SLB stock is trading around $70.55 a share. This stock has a very attractive support level around the $70.00 area. This is an area where the stock broke out in January 2016. Often, past breakout points are very good support levels when retested.


slb%205.4.17.png


Nicholas Santiago
InTheMoneyStocks
 
You must log in or register to reply here.

Similar threads

David Knight
Simple Technical Analysis
Replies
8
Views
4K
tomorton
T
F
FAM Generator. Market fractal analysis.
Replies
0
Views
2K
famgroup
F
S
6A interesting Daily Chart - Potentially explosive? (Aussie Dollar)
Replies
8
Views
2K
Rambo35
R
M
DAILY/WEEKLY technical/fundamental analysis
Replies
0
Views
2K
Mrtynas
M
Jack B. Maverick
  • Article Article
Getting Started Technical Analysis 7 Top Books to Learn Technical Analysis
Replies
1
Views
5K
topdog20
T
Back
Top