The 10-Year Bond Yield Is Telling You Everything You Need To Know Bond yields on the 10-year U.S. Treasury Note were as low as 2.356% on March 27, 2019. At that time, the leading financial stocks such as JP Morgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and most other financial stocks started to move back to the upside after a sharp five day decline that started on March 19, 2019. By now, every trader and investor knows that the stock market cannot really have a sustained rally without the leading financial stocks participating. Currently, the yield on the 10-year U.S. Treasury Note is around 2.55%. So simply put, yields have jumped up by just 20.0 basis points. That is not a big surge at all, but it has helped out the financial stocks and has given confidence back to the marketplace. It looks like the 10-year U.S. Treasury Note yield found support at the 200-week moving average on March 26, 2019. This is certainly the key level that traders must now watch. If yields start to fall again on the 10-year U.S. Treasury Note it could be problematic for the current rally. Should yields decline below that important pivot low at 2.356% then it will likely bring some serious fear into the financial stocks again and possibly the entire stock market. At this time, the next important resistance level for bond yields will be around the 2.65% area. Right now, the 10-Year Bond Yield is telling you everything you need to know. Nick Santiago InTheMoneyStocks
Healthcare Inc $HCA Nearing Double Bottom Support Healthcare stocks are being crushed today after medicare for all appears to be the wave of the future. While it may coming soon (next decade or so), there are still possible long trades in the sector. For example, Healthcare Inc (HCA) is slamming into a double bottom, technical support level at $116.25. With the stock down over 8% on the day, a technical long trade has a high reward factor for a day or two. Expect a bounce off this level back to as high as $124.00. Gareth Soloway InTheMoneyStocks
The Health Care Select Sector SPDR Fund $XLV Is Now Attractive As we all know, the health care stocks have been getting crushed this week. In fact, a fair case can be made that they have struggled since early March 2019 when the Health Care Select Sector SPDR Fund (NYSEARCA:XLV) traded as high as $93.45 a share. Today, the XLV is trading around the $86.00 level. Trader can easily see that the XLV is now trading sharply below its important 50 and 200-day moving averages. This is generally viewed as a sign of weakness and often an indication of further downside action in the sector. Now before we get too negative, traders should note that there is some saving grace for the sector coming up. First, the 100-week moving average is around the $85.60 area, so this is going to be some important support for the XLV near term. Second, there is also a very strong retrace level coming up as well and this could help support the XLV in the near term around the $85.50 level. So technically speaking, the XLV looks very attractive at this time despite many of the leading healthcare stocks being sold off. Nicholas Santiago InTheMoneyStocks
Kimberly Clark $KMB Reverses After Last Week's Earnings Pop Today, leading consumer goods company, Kimberly Clark Corp (NYSE:KMB), is reversing sharply lower on the session. The stock is trading lower by $4.23 to $126.02 a share. This past Thursday, the stock soared to new 52-week highs after reporting earnings on April 22, 2019. On that day the stock traded as high as $132.47 a share. Traders must always be cautious when stocks reverse so much of there recent gains from a break-out. Often a reversal of this magnitude could signal much more downside in the near term. Please understand, while the stock is still in an up-trend and trading above its 20 and 50-day moving averages this reversal usually signals further downside in the shares. There are several support levels coming up such as the gap fill from the April 18, 2019 close, the 50-day moving average, and the $118.00 break-out level. Out of all of these near term support Levels the $118.00 area looks the best for a solid bounce in the stock. Nicholas Santiago InTheMoneyStocks
Silver Triggers Major Buy Per The Chart $SLV Commodity traders are buying silver today after it completed a 61.8% retrace, filled a major gap on the $SLV (Silver ETF) chart and retraced into epic multi-pivot support. This triple factor level signals a coming bounce in silver. Note the chart below. Gareth Soloway InTheMoneyStocks
The Best Bet For Stocks Is That No U.S./China Trade Deal Is Announced As you all know, stocks have been rallying since December 26, 2018. The first quarter rally has been nothing short of amazing. Almost every trader and investor is waiting for a U.S./ China trade deal. Every few days we hear that a trade deal between the two countries is getting closer to actually happening. Volume trends have been extremely light in 2019 which indicates very little selling pressure in the markets. Contrary to popular belief, light volume actually favors upside in the markets. Hence the old market adage, never short a dull market. At this time, many traders and investors are waiting for a trade deal to be struck by the United States and China. Simply put, nobody wants to get caught short when a deal is announced. After all, all we hear in the financial media is that a trade deal could add another 10 percent of upside to the market immediately. So who in their right mind would want to be short right now. It is probably better that there is no actual trade deal announced in order for stocks to continue climbing. What would happen if the talks between the U.S. And China fell apart right now? That would probably be a big hiccup for the major stock indexes. On the flip side, should a deal be struck and signed then there will likely be another pop in the markets in the near term, but after an initial spike it could be a sell the news event. After all, the markets are rising on anticipation of a deal being announced very soon. Nick Santiago InTheMoneyStocks
3M $MMM Tumbles And Still Has Lower To Go, Here's The Trade Today, leading Dow Jones Industrial Average component, 3M Co (NYSE:MMM), is declining lower by $25.61 to $193.47 a share. The stock reported earnings earlier today that are not being well received by the street. The company cut its 2019 earning forecast and said it will lay off 2,000 workers. Often, when stocks plunge from recent highs like this it will take a lot of time for the shares to recover. If fact, the current chart pattern signals further downside in the stock price before major chart support is found. At this point in time, the only level that looks like solid support will be around the $175.00 area. This is a level where the stock was defended in December 2018 and should be solid support again when tested. Nick Santiago InTheMoneyStocks
