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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 Well-Known Member

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  2. inthemoneystocks

    inthemoneystocks Well-Known Member

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    inthemoneystocks Well-Known Member

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    inthemoneystocks Well-Known Member

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    inthemoneystocks Well-Known Member

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    NASDAQ 100 Stock Market Correction Target Revealed Here...

    The NASDAQ 100 (QQQ) has surged to irrational levels in the last month of 2019 and early 2020. Stocks like Apple Inc. (AAPL) are up over 100% in a year with a close to $1.5 trillion valuation. Shares of Tesla (TSLA) are up 125% in just 10 weeks and Beyond Meat (BYND) has surged 75% in just 5 trading days. This is clear irrational exuberance but that does not tell investors exactly when the party will stop. This article is not to tell you when it stops but rather give the NASDAQ 100 stock market correction target when it does.

    Based on the calculations and charts, the NASDAQ 100 stock market correction target is $198.00. This would be an approximate 10% correction on the index from its current $220.45 level.

    See the chart here: https://inthemoneystocks.com/nasdaq-100-stock-market-correction-target/

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks.com
     
  6. inthemoneystocks

    inthemoneystocks Well-Known Member

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  7. inthemoneystocks

    inthemoneystocks Well-Known Member

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    $TUP Stock Chart Break Out!

    Shares of Tupperware Brands (TUP) are climbing through major resistance on the daily stock chart. This equates to a major stock chart break out as price has exceeded the daily 20 and 50 moving average and broke out above the upper trend line of the wedge. This is significant, and will likely take Tupperware Brands to a first target of $12.50.

    Tupperware Brands Corp was a huge decliner in 2019, falling form a 52 week high of $39 to a recent low o $7.20. There are tons of shorts which will cover during this stock chart break out. Short squeezes add fuel to the fire of any move. Take note of the chart below and trade it accordingly...

    Here is the chart... https://inthemoneystocks.com/tupperware-brands-tup-stock-chart-break-out/

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks.com
     
  8. inthemoneystocks

    inthemoneystocks Well-Known Member

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    The Only Stock Market Indicators You Need To Use...

    There are only a few real time stock market indicators that as a trader you must be aware of; they are price, pattern, time and volume. Let’s take a quick look into one of the most important and reveal how you should use it to your advantage…

    One of the best real time indicators that a trader can follow is volume. There is a variety of ways to follow volume and I will share a few ways with you in this article. Volume in the capital markets is the total amount of shares or contracts of a security that was traded during a specific time. Traders will view volume on all different time-frames. Day traders may view the volume of an equity on an intra-day basis using a 1, 5, 10, 15 or 60 minute chart. Swing traders may use the volume of an equity on a daily and weekly basis. Longer term traders will likely look at monthly, quarterly, or yearly volume.

    High volume reversals are often very meaningful. Most of the major bottoms in a market will usually occur on high volume. In fact, if you look at any major bottom or market low in the past ten years on the S&P 500 Index you will see heavy volume on the chart usually marked the low. This type of action occurs on all time-frames. Day traders also look for high volume reversals all the time for bottoms in stocks. This is why we often see a V-bottom pattern form when market lows are in place.

    Unfortunately, market tops don’t always occur on higher volume, so picking tops using volume is more difficult to do. This is why there is usually a rounded or rolling top in the market or stocks before a major decline. Often, stocks will decline on heavy volume after earnings or some other news event, but this does not help traders catch that move. Either way, when a stock or equity declines on heavy volume it is a warning sign that the equity can trade lower. This is why all traders and investors should understand how to read charts. Understanding how to find major support / resistance levels will be critical when this happens.

    Traders will usually watch for volume on breakouts and break-downs. When a stock breaks out or breaks down from a long sideways base on heavy volume it tells us that the move is just getting started. Breakouts or breakdowns on light volume often lack real conviction and potential follow through.

    Traders and investors should follow volume on every stock or equity that they track or trade. Volume is a leading real time indicator. It tells traders so much each and every trading session. Traders can easily see and read the strength behind every market move with volume. This is a real time indicator that no trader can live without.

    Note the chart here to see volume in action: https://inthemoneystocks.com/stock-market-indicators/


    Nick Santiago
    Chief Market Strategist
    InTheMoneyStocks.com
     
  9. inthemoneystocks

    inthemoneystocks Well-Known Member

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  10. inthemoneystocks

    inthemoneystocks Well-Known Member

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  11. inthemoneystocks

    inthemoneystocks Well-Known Member

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    2 of 3 Trillion Dollar Mega Caps Just Signaled Sell!

    There are now three $1+ Trillion-Dollar mega caps publicly traded in the stock market. They are Alphabet Inc (GOOGL), Apple Inc (AAPL) and Microsoft Corp (MSFT). These three companies make up a total of approximately $4 trillion in market cap and are over 10% of the S&P 500 alone. These stocks are all up huge in the last year, with Apple adding over a 100% gain since early 2019. Investors are running into these stocks as the hype is growing daily. However, there is a major bearish signal that investors should pay close attention to.

    The bearish signal is showing up on two of the three trillion dollar mega caps and could signal a major stock market top. On both Microsoft and Alphabet there is a daily topping tail that just formed. Yesterday, Microsoft put in a topping tail and today Alphabet put in a topping tail. For those that are not aware, topping tails signal a major top in a stock or market as institutional selling sell into the smaller investors buying, creating a long tail on the candlestick chart.

    The reason this is worth taking note of is these mega cap stocks are the leaders in the market. Two of three signaling a sell and making up 10%+ of the S&P is definitely something smart investors should be fully aware of. In addition, these stocks have surged in value and are extremely overbought on both fundamental and technical analysis. Essentially, everyone knows a correction will come, but the timing has been in question…until now.

    Based on the recent run in these stocks, a 10-20% correction is likely. This could easily equate to a 10%+ correction in the stock market.

    See the chart here: https://inthemoneystocks.com/2-of-3-trillion-dollar-mega-caps-just-signaled-sell/

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks.com
     
  13. inthemoneystocks

    inthemoneystocks Well-Known Member

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  14. inthemoneystocks

    inthemoneystocks Well-Known Member

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    The Importance Of Goal Setting For Novice Traders

    One of the most important things that anyone can do to be successful is to goal set. If you talk to anyone who has accomplished anything worth wild they have probably wrote down there goals at one time or another. After all, we all need a target to aim for when trying to accomplish anything in life. So yes, I highly recommend goal setting for everyone, especially new traders and here is more insight into why this is so important…

    Goal setting is pretty easy to do. You simply write down what you want to have or do on paper. Then you write out a plan to achieve this goal and read it everyday. This sounds simple enough, but many people do not ever reach their goals or dreams despite goal setting. Why is that? You see, everything takes time and we live in a society where people want instant gratification. Just think about it, most people set goals around the new year holiday. Unfortunately, in about a months time those “new year resolutions” are usually just a lost memory. Think about how many people say they want to lose 20 lbs at the start of the year, a lot. These same people usually have the same goal every year and very few of them actually lose weight. Well, traders do the same thing when it comes to goal setting. They write down what they want to accomplish, only to forget about it in a few weeks. I was guilty of this myself in the early part of my career.

    The best way to goal set for a trader is to really evaluate him or herself first. I can’t begin to tell you how many times someone had a $5,000 futures account and wrote down that they wanted to earn $1 million in the next six months. That is not realistic, you probably have better odds of hitting the lottery than making a million dollars in six months on a $5,000 account. A novice trader should aim for 3 to five successful trades in a week, that is a good goal for any novice trader to have. Believe me, that goal will not be accomplished by most novice traders in the beginning of there trading career. This business is tough and it requires a lot of study and hard work. I laugh sometimes when I hear people tell me they need to get into the trading business so that they can make millions of dollars. If it were that easy wouldn’t everyone do it!

    The bottom line, novice traders should set goals that are attainable so they don’t get discouraged. Even setting a goal for a positive P&L by the end of the week or month is good. Trading is a business, not a casino, treat it as such and you will not become a statistic.

    One of the biggest pitfalls that new traders make when they goal set is trying to make a specific amount of money every day or week. This is a big mistake and I’m guilty of this myself in the early part of my career. I remember writing that I wanted to make $500.00 a day and usually lost $300 a day. Then the days that I was actually up by a couple hundred bucks I would force a trade to get to that $500 level and I would lose the money I just made earlier in the day. I fixed this by writing a goal that I wanted to be positive by the end of the week and I did not focus on the amount of money that I needed to make. Even today, my goal is to just have positive trades by the end of the week, month and year. Believe me, when you get good at this business the winners take care of themselves.

    Another goal that I set for myself that has changed my trading career has been using a stop loss. I wrote as a goal that I will always stop out of a stock if it closed below my stop loss level on a chart. Once I was able to do this my whole trading life changed. Before this goal was set, I would have a stop loss in my head but I would never abide by it. What a fool I was, but that was when I was a beginner and that is what most novice traders do. Anyone that does not abide by a stop loss is just a beginner, a rookie, not a true professional. Set that goal!

    Bottom line, goal setting is a must for life in general. But when it comes to becoming a successful trader, you need to set goals with a purpose and they will help you live your dreams!

    Nick Santiago
    Chief Market Strategist
    InTheMoneyStocks.com
     
  15. inthemoneystocks

    inthemoneystocks Well-Known Member

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    $TSM could hold the keys to this market. This company produces all the chips for the big semiconductor $SMH companies. Right now, $TSM is trading below it's 50-day moving average. This is a big level to watch right now on $TSM - Nick S
     
  16. inthemoneystocks

    inthemoneystocks Well-Known Member

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  17. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Starbucks (SBUX) Tests Key Level, Watch Out If It Breaks

    Leading restaurant stock, Starbucks Corp (NASDAQ:SBUX), has been falling sharply since January 24, 2019. At that time, SBUX was trading as high as $94.13 a share. Since that high pivot, the stock has declined to $84.98 a share.

    Traders should note that the stock now testing it’s 50-week moving average. This important moving average is major support and any weekly close below this level would trigger more downside for the coffee giant.

    Starbucks has significant exposure to China and has announced that they will temporarily close half of its stores in China amid the Coronavirus outbreak. The next major support level for SBUX will be around the $75.00 level. This is where the stock broke out in June 2019. Often, past breakout levels will serve as major support when retested. Watch the chart closely and read it correctly as it will guide you to where the stock is headed next.

    See the chart here: https://inthemoneystocks.com/starbucks-sbux-tests-key-level-watch-out-if-it-breaks/

    Nick Santiago
    Chief Market Strategist
    InTheMoneyStocks.com
     
  18. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Key To Successful Trading: Don't Seek Revenge

    Throughout the multiple decades that I have been in this business I have learned many things about trading. Simply put, the key to successful trading is to not make the same mistakes from the past. One mistake that many new traders make is trying to get revenge on a stock that they have lost money in. This is something that I’m guilty of myself early in my trading career. Let’s take a deeper look at this and why you need to be aware of it…

    There were times when I would lose on a trade and then try to get even with the stock, as if it was a person that betrayed me. I remember getting angry at the stock and taking the loss personally. This was one of the worst mistakes that anyone can make. You see, when you seek revenge on a stock you can not think clearly. It becomes very difficult to even read the chart correctly and make a rational decision. This is a common flaw that occurs every single trading day. I hear novice traders talking about this all the time.

    Remember, we cannot beat up or punish a stock. As a trader, all we can do is try to be on the correct side of the money flow. We are either long (buy side) or short (sell side) an equity depending on where we believe the stock is going. Do not take a loss personally. After all, the CEO of the company does not even know you are trading the shares of the stock, there is nothing personal about the markets. Not to mention, it is always easier to not face your mistakes head on while placing the blame elsewhere. But when you remove your ego and evaluate your mistakes with a clear mind, at that point you will grow and progress in whatever it is you want to achieve in life. Not to mention your happiness in general will increase as you learn to find positives in your mistakes.

    The remedy for this stock market revenge problem is simply to follow the charts. Learn to read and understand the charts. This does not mean that you will never lose on a trade again, but it will help you put the odds in your favor. Trading is about following the money flow, not fighting the market. Stick with the trend as long as it tells you to. Then when the trend changes so can you. Until then, don’t try to seek revenge on a stock that you may have lost money in, that is a sure way to accumulate more losing trades.

    Nick Santiago
    Chief Market Strategist
    InTheMoneyStocks.com
     
  19. inthemoneystocks

    inthemoneystocks Well-Known Member

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  20. inthemoneystocks

    inthemoneystocks Well-Known Member

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    US household debt hits $14.15 trillion (a new record). Job openings dropped to a 2 yr low in December. Not a good combo, especially with stagnant wage growth. I see shades of 2008-09 all over again, but this time far worse - Gareth

     

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