InTheMoneyStocks Market Analysis

[InTheMoneyStocks]

Akamai Continues To Tumble, Know This Trade Level

Last week, leading content delivery network (CDN) provider Akamai Technologies Inc (NASDAQ:AKAM) sold off after reporting earnings. The stock peaked out in February at around $71.00 a share. Today, AKAM stock is trading at $51.25 a share. So is this stock now a value play? Not so fast, AKAM stock should still have a bit more downside pressure before it flushes out all of the sellers.

Traders and investors should now watch the $48.00 area for a significant low in the stock. This is an area where the stock actually broke out in February 2016. This should be a level where the institutions will likely step in and support the stock. Here's the trade, buy AKAM at $48.00 with a weekly chart stop loss below $45.00. The upside in this stock is for a move back to $55.00 and possibly higher.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Michael Kors Holdings $KORS Attempting Breakout Here...

Shares of Michael Kors Holdings Ltd (NYSE:KORS) are attempting to breakout today. The stock is currently trading at $38.47. Based on current charting, a close above $38.50 will likely send it to $41.30 within a week or two. The $41.30 level is a gap fill, known in technical analysis as resistance. This is a solid chart breakout play for investors who trade off the stock charts. Michael Kors Holdings is bullish here and likely to make money for those buying...

Gareth Soloway
InTheMoneyStocks

 

[malaguti]

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...

Gareth Soloway
InTheMoneyStocks

can you tell us more about this scene of the crime? looks like a piece of s*** to me

 

[InTheMoneyStocks]

Warren Buffett Crushes IBM (NYSE:IBM), Where's The Trade?

Last week, Warren Buffett revealed to the public that he sold 30.0 percent of his stake in International Business Machines Corporation (NYSE:IBM). This news caused the stock to plunge by nearly $5.00 on May 5th, 2017. It should be noted that IBM stock traded above $180.00 a share in early March. Today, IBM stock is trading around $151.70 a share.

Is there a trade level for IBM stock? Yes, IBM stock has several attractive bounce levels approaching for short term trades. The first chart area that looks very interesting for support is around $149.84. This trade area was an institutional buy level for IBM stock back in October 2016. Traders and investors could buy IBM at this level and put a weekly chart stop loss below $147.00. The upside target on the trade would be for a move back to $157.00.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

This Signals A Big Sell Alert On Alibaba $BABA...

Shares of Alibaba Group Holding Ltd (NYSE:BABA) are running into a major double top high pivot from November 2014. The price point of the double top is $120.00. Based on chart technical analysis, Alibaba Group Holding should pull back in the coming weeks after touching this point. The downside target is $108.00, meaning there is a $12 reward for investors willing to short the ecommerce company. Earnings are set to be reported on the morning of May18th. Note the chart below...

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Fluor Corp (NYSE:FLR) Nearing Major Chart Support

Leading construction and engineering company Fluor Corporation (NYSE:FLR) was another stock that tumbled after reporting earnings recently. On May 5th, the construction company missed earnings forecasts and guided FY17 EPS below consensus. This does not seem like a stock traders and investors would want to own right now, but the charts are painting a different picture.

Fluor Corporation (NYSE:FLR) stock is now trading into a very interesting support area. Aggressive traders and investors could actually nibble on the stock at it's current price level which is around $47.50 a share. Traders can use the current bottoming tail from May 5th, 2017 as the stop loss. Any daily close below the tail low at $46.50 would trigger a stop loss in the trade. More conservative traders can look at the $44.00 area as the next level to go long (buy) the stock. This area would be a significant retrace level where the institutional money would likely step in and support the equity. Either way, FLR stock is now looking attractive for a long side trade according to the charts.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Bullish Pattern Trade Setup On Goldman Sachs Group Inc (GS)

As poor as earnings were on Goldman Sachs Group Inc (NYSE:GS) and as negative as the press has been of late, the stock chart setup is actually very bullish. In fact, the stock chart is signaling a near-term move to the upside. Logic dictates this may be as a result of something outside of Goldman Sachs. For example, I would bet it has something to do with interest rates spiking higher in the coming weeks. That has been one of the catalysts for financial stocks in the last year. Another catalyst could be talk about getting rid of key things within Dodd-Frank. Either way, the stock chart is very bullish, therefore I am bullish. An upside move could take the stock back to the $250 level.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Why The Sharp Sell In J C Penney (JCP) May Have Nothing To Do With Earnings...

J C Penney Company Inc (NYSE:JCP) is flushing again today, following Friday's poor earnings report. The stock is down over 26% in the last week as all retailers are collapsing. Today, the stock hit a low of the day at $4.17 and I am here to say it may be a strong buy. In fact, I am here to say that it is possible that today's flush from $4.53 to $4.17 has nothing to do with poor earnings and is a result of certain funds not being able to hold stocks that are below $5.00.

Please be aware, this is not all funds, definitely not hedge funds and such. However, it is enough to create added selling pressure today. What does it mean? It may mean that this selling today is just a result of these funds selling and once it has concluded, it will snap back quickly. Earnings, while not great, were alright. In my opinion, not worth a 26% selloff. I think J C Penney Company Inc is extremely interesting down in this sub $4.35 range if my thesis is correct. Just something to ponder.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Not All Retail Stocks Are Created Equal

Last week, leading high end fashion retailer Nordstrom Inc (NYSE:JWN) was the latest department store stock to drop sharply after reporting earnings. On May 10th Nordstrom Inc stock was trading around $50.00 a share, today the stock is trading at $40.74 a share. Traders and investors can easily see the weakness in JWN and many of the other department store stocks like Macy's Inc (NYSE:M), J C Penney Co (NYSE:JCP), and Kohl's Corp (NYSE:KSS). Simply put, the leading retail stocks have been very weak on the charts.

Nordstron Inc is approaching a solid support level around the $37.75 level. This level happens to be the 200-month moving average. Believe it or not, moving averages are very important on all time frames. Traders and investors should look this $37.75 level to be defended by the institutional crowd. This important area on JWN stock was also defended in June 2016 and should be support again when retested.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

$DKS Earnings Drop Gives Swing Traders An Opportunity. See It Here...

Shares of Dicks Sporting Goods Inc (NYSEKS) fell sharply on Tuesday after reporting poor earnings and guidance. The stock is trading down over 13%. As it collapses and long investors who held into earnings are in pain, swing traders are beginning to scope out major buy levels. After extensive analysis, I am seeing a buy support level on the stock chart at $38.00. This is the first level I would consider buying for a swing trade long trade. Off this level, assuming the stock falls directly into $38, investors should see a solid bounce back above $40. Perhaps even a 10% bounce over multiple days to a week or two.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

While Markets Tank This Consumer Goods Stock Looks Attractive

Today, all of the major stock indexes are falling sharply lower on the back of an uncertain political picture. As you all know, the Trump presidency has been surrounded by turmoil since day one, but today the markets are talking as the S&P 500 Index declines by more than 1.00 percent. Either way, when there is market uncertainty this makes the personal product stocks such as Procter & Gamble Company (NYSEG) look attractive.

Procter & Gamble Company (NYSEG) stock topped out in March around $92.00 a share. Since that time, the stock has been pulling back and is now trading at $86.24 a share. Traders and investors should note that the $84.35 level looks very attractive on the charts. This is an area where the stock broke out in January 2016. Often, past breakout levels will be defended by the institutional money when retested. The stock should have upside potential to the $90.00 level. Traders can simply put a stop loss below the $82.40 level on a weekly chart basis.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Trading Opportunity: Goldman Sachs Group Inc

Shares of Goldman Sachs Group Inc (NYSE:GS) is approaching a technical support level I intend to buy. The level is the daily 200 moving average as well as a former pivot. The stock is down from a 52 week high of $255.15 to its current level below $214.00. One more push down will tag that multi-support level and yield a likely bounce. The buy trade level is $210.00.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

The Trend In Retail Is Down, Where Is The Bottom?

As you all know, the retail stocks have been trading lower since April 2015. At that time, the SPDR S&P Retail (ETF)(NYSEARCA:XRT) was trading around $51.00 a share. Today, the XRT is trading at $40.44 a share. Clearly, traders and investors can see that the trend is now down for the retail sector. The growth and business model of Amazon.com, Inc.(NASDAQ:AMZN) has been the leading catalyst for the decline in most of the leading retail stocks. Amazon stock has soared higher since April 2015. The retail giant has gained over $500.00 in share price since that time. Currently, AMZN stock is trading at $974.00 a share. So far, most leading retail companies have not found a way to combat the Amazon retail invasion.

So does the retail sector have a bottom in place? Believe it or not it does. Traders and investors should continue to look for near term weakness in the XRT until the $38.75 level. This is a level on the charts that is signaling major support and institutional sponsorship. Remember, the market is survival of the fittest, eventually these retail companies must start to adapt to the Amazon business model or face further demise. Traders like myself will now look closer at most of the leading retail stocks when the XRT trades down to the $38.75 level. This should be a good time to look for a bounce in many of these beaten down equities in the retail sector.

Nicholas Santiago
InTheMoneyStocks

 

[InTheMoneyStocks]

Major Reversal In Teva Pharmaceutical Industries $TEVA Signals Hard Bottom...

Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) sold hard in early trading, hitting its lowest levels since 2005. It look like another sad day for investors in the pharma stock, but then something amazing happened. The stock turned around, surging to the upside and turning positive on the day. A reversal like this gets the attention of every technical investor and hedge fund trader. In addition, the stock has already traded big volume, over 10 million by 1:30pm ET. Anytime a stock is making new 52 week lows or in this case, decade lows and reverses in such powerful fashion, smart investors jump on board for a possible bottom play.

The upside on Teva Pharmaceutical Industries is big, with a near-term target of $37.50. Investors should be taking note of this reversal on volume. This may be a multi-year low being made with huge upside.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Next Leg Lower On Chevron Corp $CVX About To Begin...

The stock chart of Chevron Corporation (NYSE:CVX) is about as bearish as any chart. With strong bearish consolidation, price hammering on support multiple times (weakening it) and the 20, 50 and 200 moving averages above current price, it all but promises a major drop in the coming days. Chevron Corporation is trading at $104.06 but will likely see a downside target of $97.50 within a month or so. This also insinuates that oil is set to fall further over the next month. Investors can be looking to profit from this next wave of selling about to it but shorting it, or buying puts.

Gareth Soloway
InTheMoneyStocks

 

[InTheMoneyStocks]

Goldman Sachs(NYSE:GS) Stock Tests Key Support Level

Leading financial giant, Goldman Sachs Group Inc (NYSE:GS) has been under severe selling pressure recently. The stock topped out in early March around $255.00 a share. Today, Goldman Sachs stock is trading around $211.75 a share. The stock is now trading around a key break-point level which is $210.00 a share. A monthly chart close below this level would likely signal further downside for this financial institution.

Traders and investors should take note that the next major chart support level for Goldman Sachs stock is down around the $188.00 level. This chart level would be a major buying opportunity should the stock decline further. It is also important to remember as Goldman Sachs stock price declines it will usually cause the rest of the financial sector to fall along with it. We will be keeping a close eye on this stock in the near future as it will tell us a lot about the direction of the financial sector and the overall stock market.

Nicholas Santiago

InTheMoneyStocks

 

[InTheMoneyStocks]

Vodafone Group Plc (NASDAQ:VOD) Running Into Major Chart Resistance

One of the leading global telecommunications companies in the world is Vodafone Group Plc (NASDAQ:VOD). The stock price has been steadily rising since December 2016 when it traded as low as $24.17 a share. Today, VOD stock is trading at $30.04 a share. It is safe to say that the stock has been gaining ground in 2017.

Traders should note that VOD stock is now moving into some major chart resistance around the $31.00 level. This is an important retrace area and a place on the chart where the stock broke down in June 2016. There will most likely be a lot of institutional selling around this $31.00 chart level for VOD stock.

Nicholas Santiago
InTheMoneyStocks

 

[malaguti]

Leading financial giant, Goldman Sachs Group Inc (NYSE:GS) has been under severe selling pressure recently. The stock topped out in early March around $255.00 a share. Today, Goldman Sachs stock is trading around $211.75 a share. The stock is now trading around a key break-point level which is $210.00 a share. A monthly chart close below this level would likely signal further downside for this financial institution.

Traders and investors should take note that the next major chart support level for Goldman Sachs stock is down around the $188.00 level. This chart level would be a major buying opportunity should the stock decline further. It is also important to remember as Goldman Sachs stock price declines it will usually cause the rest of the financial sector to fall along with it. We will be keeping a close eye on this stock in the near future as it will tell us a lot about the direction of the financial sector and the overall stock market.

you're already long remember...
http://www.trade2win.com/boards/dai...eystocks-market-analysis-112.html#post2907446

 

[InTheMoneyStocks]

If you bought the $210 level as per the posts, you would have made over $5 on the bounce in a day. Please read the posts before commenting. Also if you want to get Nick and Gareth's live alerts on the trades they take, exactly when they take them, you can get that in the Research Center. Thanks

you're already long remember...
http://www.trade2win.com/boards/dai...eystocks-market-analysis-112.html#post2907446

 

[malaguti]

If you bought the $210 level as per the posts, you would have made over $5 on the bounce in a day. Please read the posts before commenting. Also if you want to get Nick and Gareth's live alerts on the trades they take, exactly when they take them, you can get that in the Research Center. Thanks

ok my bad, your post says you intend to buy, not that you intend to buy just for a couple of days..and now your going to buy again, or maybe you didn't buy anything at all
its all so arbitrary and non-committal
and no, i think i'll pass on analysis like this