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InTheMoneyStocks Day Trading/Swing Trading Market Moving Action

Discussion in 'Trade Journals' started by inthemoneystocks, Apr 5, 2016.

  1. inthemoneystocks

    inthemoneystocks Active Member

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    Favorite Trade Setups, How $INTC Mirrors $TEVA, Best Trade Analysis

     
  2. Nicho

    Nicho Member

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    Markets Slide After Mexico Tariff Threat: GM, F, FCAU, COST & More In Play

     
  3. Nicho

    Nicho Member

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    Futures Rally Back From Overnight Lows, Now Lets Trade! GOOGL, BA, FB, FDX & More

     
  4. Nicho

    Nicho Member

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    Gold Just Broke Out, Ominous Signal For Stocks?

    Gold futures (GC) have been surging higher over the past three trading sessions. Traders that do not have access to the futures market can track and follow the SPDR Gold Shares (NYSEARCA:GLD). This popular ETF has climbed higher by more than $4.50 since May 21, 2019. The precious metal seems to be catching a serious bid since the stock market selloff has escalated late last week. Surprisingly, today the markets are bouncing higher and gold is still catching a very strong bid with spot gold (GC) up by $12.90 to $1324.00 an ounce . This tells me that investors want the precious metal for security and safety. It also signals to me that they do not really believe that today's stock market bounce is sustainable. Gold is the ultimate investment vehicle in times of fear.

    Traders and investor should note that the GLD is getting short term overbought on the daily chart. This tells me that the pattern over the next week or two will be extremely important. Should a bullish pattern form then it could signal a potential move up in the GLD to the $130.00 level and possibly more. Remember this old rule, the best moves come from failed moves. Spot gold and the GLD just broke out of a daily chart downtrend and that is the way the markets talk to us.


    [​IMG]

    Nicholas Santiago
    InTheMoneyStocks
     
  5. inthemoneystocks

    inthemoneystocks Active Member

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    Tilray $TLRY Triggers Major Level With Time Count

     
  6. Nicho

    Nicho Member

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    Futures Are Surging Higher, Now Lets Trade! $BOX, $TIF, $COUP & More In Play

     
  7. Nicho

    Nicho Member

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    Cruise Line Stocks Sink, Here's Where This Stock $NLCH Is Headed

    Today, all of the major cruise line stocks are falling lower on the session. The catalyst for the decline is due to the U.S. unveiling amendments to the Cuban Assets Control Regulations, banning educational and recreational travel. Stocks such as Norwegian Cruise Line Holdings LTD (NYSE:NCLH), Royal Caribbean Cruises LTD (NYSE:RCL) and Carnival Corp (NYSE:CCL) are all trading in negative territory today.

    Norwegian Cruise Line Holdings LTD (NYSE:NCLH) is getting hit the worst today trading lower by 4.29% to $51.97 a share. The stock is testing its important 200-day moving average. A weekly close below this key support level would likely signal more downside in the near term. The next major support level for NCLH stock would around the $47.00 area. This level is where the stock broke out in late January 2019. It is also an important retrace level that should be defended by the institutional crowd.


    [​IMG]

    Nicholas Santiago
    InTheMoneyStocks
     
  8. inthemoneystocks

    inthemoneystocks Active Member

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    Trade Lesson: How We Knew Market Pop Was Coming

     
  9. Nicho

    Nicho Member

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    Trading The Stocks On The Move: CRM, AMBA, CPB, AEO & MORE

     
  10. Nicho

    Nicho Member

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    Ambarella $AMBA Reverses Early Rally, Watch Out!

    Last night, leading semiconductor stock, Ambarella Inc (NASDAQ:AMBA), reported earnings that seemed to be celebrated by investors on Wall Street. Unfortunately, the stock has reversed its early pre-market gains. The stock is now flat on the session trading at $39.75 a share. Traders should note that this stock has been weak since May 22, 2019 when news broke that the company could be adversely affected by tariffs and possible blacklisting with one of its largest customers. At this time, this stock looks poised to ultimately trade much lower on the charts. I will be waiting a few days to see how this pattern plays out before buying put options on this stock. The next major support level for AMBA stock will be around the $31.00 level.


    [​IMG]

    Nicholas Santiago
    InTheMoneyStocks
     
  11. inthemoneystocks

    inthemoneystocks Active Member

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    Oil Alert: Major Support Tagged

    The commodity oil tagged major support today near $50/bbl. The United States Oil Fund (USO) filled a technical gap as well, giving traders a level to buy off of. Note the chart below.


    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     
  12. Nicho

    Nicho Member

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    Forget Tariffs, Just Trade! SJM, CIEN, MDB, FIVE & More In Play

     
  13. Nicho

    Nicho Member

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    Keep This Level On The Radar for VMware $VMW

    VMware Inc (NYSE:VMW) is a leading cloud computing software stock that has been under pressure recently. The stock topped out on May 16, 2019 at $206.79 a share. Since that high pivot, the stock has declined sharply and is now trading at $168.02 a share. Over the past four trading sessions the stock has been forming a bearish daily chart base above its important 200-day moving average. A weekly close below the 200-day moving average will likely cause another leg lower in the stock. Traders should note that the stock has major support around the $150.00 level. This important support area is a major retrace level and also a level where the stock broke out in February 2019. Very often, stocks will be defended at their prior break-out levels.



    [​IMG]

    Nicholas Santiago
    InTheMoneyStocks
     
  14. inthemoneystocks

    inthemoneystocks Active Member

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    Master S&P Target, Scary Divergence, Trade Setups

     
  15. Nicho

    Nicho Member

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    The NF Payroll Report Is Out, Now Lets Trade! BYND, ZM, DOCU & More In Play

     
  16. Nicho

    Nicho Member

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    Merger Monday! $DATA, $CRM, $RTN, $UTX & More In Play

     
  17. Nicho

    Nicho Member

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    McDonalds $MCD Drops, Here's The Trade Level

    Leading restaurant stock, McDonald's Corp (NYSE:MCD), has been a major winner in 2019. Unfortunately, today the stock is selling off sharply trading lower by $3.36 to $202.11 a share. It should be noted that MCD stock still remains in an up-trend and above all of its key moving averages. The stock has very solid daily chart support around the $194.00 level. This is where the stock pivoted on May 2, 2019. Often, when a stock is in this type of a strong up-trend it will be defended by the institutional crowd when the first important support level is tested.


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    Nicholas Santiago
    InTheMoneyStocks
     
  18. inthemoneystocks

    inthemoneystocks Active Member

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    Technical Charting On $TLRY, Next Big Trade Setups

     
  19. Nicho

    Nicho Member

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    Trading The Stocks In The News: $BYND, $AVGO, $SYMC $LYFT & More...

     
  20. inthemoneystocks

    inthemoneystocks Active Member

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    Strong Short Signal: American Express $AXP

    Shares of American Express (AXP) are putting off a multi-factor strong sell signal today. The stock chart started out with a squeeze higher only to reverse back to the lows. This is creating a topping tail on the daily chart that signals a sell. In addition, the American Express chart has a time count which also tells investor of a coming strong pull back. Based on the technical chart, the pull back is likely to hit target of $120 in the coming days. Pro traders are shorting the stock as a quick swing trade as well as buying puts. Note the chart below.



    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     

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