Today is a great example why it is important to bank profits when they are given. The institutions dumped heavily this morning, once they stopped, the sucker-buyers came in and floated the market right back up (buy the dip). #SwingTrading is the only way imo.
Technical Analysis On #JPMorganChase $JPM Check out the trade here: https://inthemoneystocks.com/technical-analysis-on-jpmorgan-chase-jpm/
Stock Chart Sell Signal On $ILMN See it here... https://inthemoneystocks.com/stock-chart-sell-signal-illumina-inc-ilmn/
Tesla Stock Chart Target: See The Trade... Tesla Inc (TSLA) surged higher after the successful SpaceX launch over the weekend. The stock is now up well over 100% since the March 2020 lows and investors are piling on one more time. The last time they piled on, the stock hit $970, then fell to $350 within a month. As a chart technician, I look for major levels of resistance when a stock gets too extended in the near-term. In Tesla’s case, a run from $350 to nearly $900 in 10 weeks is overdone. The Tesla stock chart target is $901.00. This is a technical gap fill level and major resistance. Look for this technical target to be achieved by tomorrow. Once the Tesla stock chart target of $901.00 is achieved, it becomes a major short trade for a pull back to $650.00. The market has an amazing way of ignoring reality and loving hype. Even Elon Musk has said his stock was over-priced but investors have ignored his comments. I expect the drop to $650 to happen within 2 months. Have a wonderful day and continue to profit! See the chart here: https://inthemoneystocks.com/tesla-stock-chart-target-see-the-trade/ $TSLA Gareth Soloway Chief Market Strategist InTheMoneyStocks
Eli Lilly Max Move Level Revealed $LLY... Eli Lilly & Co (LLY) surged higher Tuesday trading after the company said a key cancer drug succeeded. The stock jumped almost 20%, hitting a 52 week high of $167.43. While a major move, the stock may continue to advance higher in the coming days. This is because the Eli Lilly max move level has not been hit yet. This maximum extension can be seen by connecting the major pivot high October 2018 through the March 2019 highs that connect perfectly to the high from April 2020. This trend line extends to a likely Eli Lillly max move target of $169-$170. As a swing trader, I will be looking to short Eli Lilly at this price point. See it here: https://inthemoneystocks.com/eli-lilly-max-move-level-revealed/ Gareth Soloway
#Bitcoin Trading Analysis: Why It Won’t Break 10,000... See the expert analysis here: https://inthemoneystocks.com/bitcoin-trading-analysis-why-it-wont-break-10000/
Beyond Meat Stock Chart Alert: Topping Tail... Shares of Beyond Meat Inc (BYND) surged in early trading on the back of a wider product offering as shorts quickly scrambled to cover. The stock has reversed after an early surge and may be putting in a major near-term top. This Beyond Meat stock chart alert is telling investors a strong short signal is forming called a topping tail. Topping tails are bearish candlestick formations. They are valid when they show up at multi-month or 52 week highs. In the case of Beyond Meat, this is a multi-month high after the stock has surged from below $60 to over $160. Based on the technical topping tail setup, a strong short can be taken with a downside target of $130. See the chart here: https://inthemoneystocks.com/beyond-meat-stock-chart-alert-topping-tail/\ Gareth Soloway
U.S. Steel $X Technical Chart Retrace Buy Level Alert! See it here: https://inthemoneystocks.com/u-s-steel-technical-chart-retrace-buy-level-alert/
Oil Chart Analysis: WTI Drop To $35/bbl WTI crude oil has been holding around $40/bbl for the past couple weeks after it topped out at $42/bbl. Based on the technical oil chart analysis, a big fall is coming to $35/bbl or lower. There is a classic inside bar/bear flag formation that signals a swift flush on WTI crude. The drop will likely occur before July 15th. In fact, it likely will begin its drop by early next week. The oil analysis is clear, bear flag and a cycle time count coming to a head should have investors and commodity traders shorting oil here. See the chart here: https://inthemoneystocks.com/oil-chart-analysis-wti-drop-to-35-bbl/ Gareth Soloway InTheMoneyStocks
"Joe Sixpack" Is Making Money From The Stock Market! Listen as Nick shows you what will happen next... https://inthemoneystocks.com/the-easy-money-has-been-made-now-what/
$AAPL Topping Tail Alert: See The Downside Target Here... https://inthemoneystocks.com/apple-topping-tail-alert-see-the-downside-target/
$SE Head & Shoulder Breakdown Alert... Shares of Sea Ltd. (SE) have just broken their head and shoulder neckline. This triggers the pattern break that will take the stock down to $90.00. Head and shoulder patterns are bearish sell patterns. Once triggered, a calculated target is easy to come up with. That target is $90.00. Classic technical setup here for sellers and shorts. This is a perfect SE head & shoulder setup. See the chart here: https://inthemoneystocks.com/se-head-shoulder-breakdown-alert/ Gareth Soloway Chief Market Strategist InTheMoneyStocks
The Strong Case For An Apple Short Trade... Shares of Apple Inc (AAPL) are slightly lower today, but up for the week. At the start of 2020, Apple was trading around $80/share. It then fell to $53/share before rocketing to $138/share. It currently trades around $120/share. So what do the chart say about this stock going forward? Below I will lay out my technical and fundamental analysis of why Apple is headed to $96.35. This Apple short trade can be played by shorting the stock or buying puts that have an expiration of March 2021 or later. As always, shorting stocks/options carry risks, understand them, don’t be a dummy. On a monthly and weekly time frame, Apple is still extremely overbought. A move from $53/share to $138/share on a company of that size has yet to be fully worked out. The top on Apple at $138/share was an epic gap higher and mega reversal day. This signals a blow off top in the stock on insanely heavy volume. These tops tend to be multi-year tops, not multi-month tops. A pull back like we have seen is not the normal pull back a stock sees after putting in a top like that. Apple just debuted the iPhone 12, the new 5G capable phone. This was news that analysts were excited about for years and arguably what drove the stock higher for years. That news is now over and there is a void of future positives. A sell the news event is likely to continue. After topping at $138/share, the stock fell sharply to $103.20 before bouncing back to the $120/share level it is at now. This bounce is what is called an in-spirit-of bear flag or inside-bar formation. It is currently bearish. With odds favoring a Democratic sweep, regulation is coming for big technology. The age of monopolies is likely over. Even a possible breakup of certain behemoths is likely. While Apple will not likely be broken up, there has been major unrest from companies in their app store as Apple hits them hard with 30% fees. Regulators will likely attack this and if it is lowered, the highest margin portion of Apple’s business will suffer. If that happens, valuation will need to drop sharply. There is an epic gap fill at $96.35 as well as a rising daily 200 moving average. As smart investors know, gaps are made to be filled. This mega gap will get filled and the rising 200MA will likely meet at that level. The 200MA has not been tagged since March 2020. The distance from the 200MA on the stock as well as the time away from hitting it as very unusual. History tells us that Apple will likely fill that gap and also hit the 200ma in the not-too-distant future. All this makes for a strong for an Apple short trade. Look for downside to begin soon and be harsh, especially if you get an Democratic sweep. See the chart here: https://inthemoneystocks.com/the-strong-case-for-an-apple-short-trade/ Gareth Soloway InTheMoneyStocks
Check Out Gareth's Dick’s Sporting Goods $DKS Stock Chart Alert... https://inthemoneystocks.com/dicks-sporting-goods-stock-chart-alert/
