Wednesday, June 29, 2016

This Is A Major Concern For Investors $IBB

The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) has bounced beautifully off of double bottom support at $240 on the daily chart. Today it traded as high as $254.70, just two days after hitting $240.00.

Investors are wondering if it is safe to buy the $IBB? The short answer is... no. This is why...

There is a major concern on the daily chart of the biotech ETF IBB. Notice the confirmed break down that took place when the IBB broke through the upsloping trend line. Once confirmed, a retrace into that trend line (like we are seeing today) is almost always a heavy shorting opportunity. That means the IBB may fall sharply as early as next week. If the IBB is falling hard, you can bet the market is dropping sharply. This should be a major concern to not only biotech investors but all investors in the stock market. Note the chart below...
Look at this documented trading performance (click here); this is 100% verified swing trading results that cannot be disputed! The bottom line, if you followed Gareth and Nick, then you would be sitting on huge gains as InTheMoneyStocks members are! This is the time to pull big money out of the markets, do not miss it!

Tuesday, June 28, 2016

This Bounce Has Serious Legs: $AMGN

Over the course of June, Amgen, Inc. (NASDAQ:AMGN) fell nearly every day. The stock traded as high as $161.00 in early June before falling to a low yesterday of $144.00. This was a 10.55% drop. For a stock this big, that is an epic fall for a one month period.

While many investors are scared to go near Amgen, the best time to buy is where there is blood in the street. The key is finding a legitimate reason. The reason comes to the forefront when looking at the chart below. There is a major trend line tagged yesterday. The stock is already bouncing 1.58% today, but has more room to run. An upside bounce in a week or two will likely net a move to $152.25.

Gareth Soloway

Stock Futures Stage Early Rebound, Will The Rally Hold?

Monday, June 27, 2016

S&P 500: Look At This Chart Now!

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is taking a huge beating for the second trading day in a row. The reason? The UK voted to leave the European Union. The term everyone has heard is Brexit.

As the markets collapse, smart investors and traders are watching master levels for potential bounces. Catching a bounce level can literally mean thousands in profits in a day or two. Below are the key institutional master support levels. Use them to your advantage. Note the chart...

Gareth Soloway

Financial Stocks Ready To Bounce!

The financial stocks are taking a beating again, following Brexit last week. The European banks are dropping the most, some by another 20% just today.

While most traders are too scared to go near the banks, smart money is accumulating. This is not another Lehman situation. The global central banks will not allow that to happen or even come close to happening. These banks will bounce into the July 4th holiday, surging on short covering and institutional buying. This may be a near term bounce but a big bounce none-the-less and should be played for profits.

In addition, the technical stock charts are confirming this with many of the biggest banks hitting major support today. This is a great buying opportunity to scoop these plays up.

Gareth Soloway

Extreme Stock Declines Always Lead To Big Bounces

Trade Tesla Motors (TSLA) For Profit: This Is How...

Tesla Motors Inc (NASDAQ:TSLA) is nearing a significant support level. It has fallen sharply over the last week after Elon Musk made a shady bid for solar play SolarCity Corp (NASDAQ:SCTY). While the deal likely will not be approved, it was definitely an error in judgement by Musk. With a huge financial stake in SolarCity, and his cousin running it, regulators will be looking very closely at the legalities to see if Musk broke any laws. In addition, the stock market collapse on the Brexit vote continued to add to the stock pain.

Tesla Motors fell from $220 to $190 in the last week. There is major support level coming into play at $178.00. TSLA will likely bounce off that level. This is a classic swing trade alert level. The bounce would likely last for at least a week and potential bounce back to $205.00.

Gareth Soloway

Early Market Volatility Means Stock Trading Opportunity