Thursday, December 14, 2017

This Says Another 20% Drop Is Coming...

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have already broken major support, trading near $10 from a 52 week high of over $15.00. The nasty fact is, Advanced Micro Devices is going lower. There is a bear flag forming on the daily chart that signals further downside. There is no support until $8.00. That means another 20% drop. Once at $8.00, I will start getting interested in going long.

Nicholas Santiago

This Trade Setup Made $5,000 For Members In 3 Days

After Tax Reform Will Infrastructure Be Next?

It is safe to say that most of 2017 has been dominated by the U.S. tax reform bill. Almost everyday we hear a politician comment about the bill that moves the stock market. At this stage of the game, the GOP better get this bill passed. Yesterday, Alabama voted in a Democratic to the U.S. Senate and this could be a problem for the GOP if this bill does not get passed before he is sworn in. At this time, the tax reform bill is expected to be signed into law next week.

So what is next for the stock market to look forward to after tax reform? It is infrastructure, this has been promised by the administration and will likely be the next big task that is taken on by the GOP in 2018. Here is a list of possible stocks that could be in play next year if there is an infrastructure bill introduced. They are Chicago Bridge & Iron Company (NYSE:CBI), United Rentals, Inc (NYSE:URI), Martin Marietta Materials (NYSE:MLM), Cemex SAB de CV (NYSE:CX), U.S. Concrete Inc (NASDAQ:USCR), Jacobs Engineering Group Inc (NYSE:JEC), Fluor Corporation (NYSE:FLR), Vulcan Materials Company (NYSE:VMC) and Caterpillar Inc (NYSE:CAT). Traders should be watching the charts of these stocks closely as they will often give us the pattern formation when the infrastructure debate will take place in the United States.

Nicholas Santiago


Trading The Morning Action! NSDN, TEVA, ESRX, FINL & More

Wednesday, December 13, 2017

Making Money Off The Low Lying Fruit

$SQ Breaks The Daily 50 Moving Average

$SQ breaks the daily 50 moving average. Stock is likely headed sub $30. Daily 200 moving average is $26.50ish.

25% Profit In 24 Hours: See The Chart Signals That Said 'No Brainer'

Don't Hit The TAP On Molson Coors Brewing Just Yet

Today, leading brewery stock Molson Coors Brewing Co (TAP:NYSE) is trading lower by 0.64 to $79.51 a share. This stock has been steadily declining since October 2016 when the stock traded as high as $112.19 a share. TAP stock is now trading below its important 50 and 200-day moving averages, this indicates technical weakness. Traders should also note that there is bearish weekly chart pattern forming in the stock. This suggests that the stock could still have one more decline in the cards. Traders should now watch $72.50 area for major chart support. This level was where the stock broke out in September 2015. Often, prior break-out levels will serve as major support when retested. This looks to be a solid trade area for TAP stock.

Nicholas Santiago

All Eyes On The Fed, Yellen's Last Press Conference