Friday, August 18, 2017

Why The S&P 500 Sell-Off Today May Be Different

The S&P 500 fell 1.5% today. In all fairness, we have seen one-day sharp drops in the market many times before. Every past drop has been an amazing buying opportunity. However, today's sharp decline is very different. Let me go over the reasons.

1. Volume was big. This implies institutional investors and hedge funds were selling.

2. This is the first drop in recent history that has taken out a previous drops low. This means on a technical basis, there is a lower-low in place, a bearish sign.

3. A trend line connecting the previous pivot lows throughout 2017 has been broken to the downside. This implies a key technical break.

4. CEO's abandoning Trump is a huge negative for moving forward business friendly objectives. Whether it is infrastructure spending, tax cuts or a corporate repatriation holiday.

The bottom line is, this may be different than past buy-the-dip opportunities.


Gareth Soloway
InTheMoneyStocks

Options Ex Friday: AMAT, ROST, FL, DE & More In Play

Thursday, August 17, 2017

Thousands Earned In Minutes - This Is How...

In the afternoon live trading session of our Intra Day Stock Chat, Nick gave members two trades.

One trade was on the S&P 500 Emini futures contracts, and another was for those trading the stock, $SPY. What happened minutes after they entered these trades? Read what members in the room said first hand at the time... 



"that was the easiest 2,300 bucks i ever made, thanks!"
Even G.


"pure awesomeness Nick... $1475 profit in minutes."
D Gorbecki


"Amazing!!!! Nick, You da Man!!!"
Christian G 


"Nick Unbelivable!"
Nipur S


"Nick, nice trade!! Thanks"
Al Goldstein


"Nick I came into the day slightly in the red on my SPY short. Covered at 243.60. Would have covered sooner it it wasn't for your guidance. Thank you..."
Thomas S


If you are not making money from this day trading market, well do not worry, the action is picking up fast and if you have our Pros on your side, you will be on the RIGHT SIDE of the trade! Enter the ONLY trading room for serious and profitable traders FOR FREE, click here.

S&P Chart Analysis To Understand The Next Big Move

Is Sturm Ruger & Co Inc (NYSE:RGR) Out Of Bullets?

Leading domestic firearms manufacturer Sturm Ruger & Co Inc (NYSE:RGR) has been declining since June 12, 2017. At that time, the stock hit a high of $68.80 a share. Today, RGR stock is trading around $48.15 a share which is over $20.00 lower than its June peak. The stock remains in a weak technical position by trading below its 50 and 200-day moving averages. Traders should note that the next major support level for RGR stock will be around the $45.00 level. It should be noted that this level was where the stock was defended in February 2015. Often, these levels will be defended when retested again.




Nicholas Santiago
InTheMoneyStocks

Stocks In The News, Trade it! BABA, WMT, CSCO & More

Wednesday, August 16, 2017

This Is The Most Powerful Moving Average Seminar In The World!


Trade Setup: Restoration Hardware (RH) Nears Major Buy Price!

Shares of Restoration Hardware (RH) have fallen from a recent high of $80.00 all the way down to near $51.00 I have a major trade level of support at $50.00 and it also happens to be a 75% Fibonacci retrace level. This gives major credence to this level as a bounce point and bullish swing trade. I think it is also important to understand that the stock has not fallen on bad news, but more profit taking. That is a big distinction and why I will be looking to buy Restoration Hardware at $50.00.


Gareth Soloway
InTheMoneyStocks

Volatility Has Plunged Again, Where Is Support?

Last week, market volatility surged higher as the major stock indexes sold off. The catalyst for the surge in volatility was due to increased tension between the U.S. and North Korea. Now that the so-called geopolitical tension has subsided near term the CBOE Volatility Index(INDEXCBOE:VIX) has declined by nearly 6.0 points from last week's high of 17.28. Is there a support level where traders should look for a bounce in the $VIX? At this time, the major daily chart support level in the $VIX should be around the 10.96 level. Please note, this chart level is a major retrace area from the high and also a spot where the 20 and 50-day moving averages are on the daily chart. This is a level where I will be looking to get involved on a move back higher in volatility.



Nicholas Santiago
InTheMoneyStocks

Tuesday, August 15, 2017

ALERT: Bullish Inverse Head & Shoulder Breakout On Teva Pharma (TEVA)

Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) have finally put in a near-term low. The stock is jumping over 3.5%, but more importantly, broke-out of a bullish inverse head and shoulder pattern. The breakout signals further upside. I have a penciled target in of $20.35. Teva Pharmaceutical Industries has fallen sharply of late, dropping from near $33.00 to $17 in the last few weeks. The bounce I expect is only a near-term move, over the next month or so. Once the upside target is achieved, exit and look to buy the pull back.



Gareth Soloway
InTheMoneyStocks