Traders Take Note: This Is Where $GDX Will Collapse, And It Is Coming Soon Gold miners have soared in 2016, far outpacing the price of gold. Gold has rallied approximately 25% in 2016 while the gold miner ETF GDX is up 150%. This huge disparity definitely tells smart investors that these stocks (gold miner ETF) will drop back to reality. However, the question is when? Based on technical support levels, the key is a break of $29.40 on the daily chart of Market Vectors Gold Miners ETF (NYSEARCA:GDX). A daily close below $29.40 would trigger a massive sell, bringing the GDX to $27.70. This is a fantastic opportunity for traders willing to be short gold miners that also have the patience to wait for this break down. Note the chart below to see the trend line that will dictate the major break lower... Gareth Soloway InTheMoneyStocks
The Is How You Trade The $NFLX Earnings Netflix, Inc. (NASDAQ:NFLX) fell sharply after-hours on earnings results. While they beat earnings expectations, domestic subscriber growth stalled dramatically. The stock dropped to $85.90 -12.91 (-13.07%) after-hours. Tomorrow (Tuesday) investors are going to be asking where they should buy it? The chart clearly shows the answer below and it is not for a while. The technical level where the stock should officially bottom is $69.00. At this level, the risk/reward finally becomes strongly in favor of upside again. Until then, it is a high risk stock with further potential downside. Gareth Soloway InTheMoneyStocks
$IBM Major Trend Line Alert: Could Get Ugly! International Business Machines Corp. (NYSE:IBM) was looking higher after reporting earnings. However, that all changed once the stock market opened. The stock has started to roll over. If IBM breaks the key trend line shown in the chart below, it could get very ugly to the downside. Watch it close and trade it wisely... Gareth Soloway InTheMoneyStocks
Silver ($SLV) Collapsing, This Is How To Profit From It. Note The Chart... Silver is taking a beating in early trading today. The ETF iShares Silver Trust (NYSEARCA:SLV) is dropping by over 2%. Investors are wondering where it will find significant support? The chart below shows it perfectly, with a gap fill and up-sloping trend line meeting perfectly at $17.85. Look for the SLV to head there before it finds major support and bounces. Gareth Soloway InTheMoneyStocks
LEARN THIS: Use Trend Lines To Find Major Pivot Highs & Lows Simple chart tactics can be the difference between making money and losing money. This was seen today when the exact high on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) could have been found by connecting the lows from this past Friday and Monday. Learning to do this is not only easy, but insanely profitable. Study the charts and find gems like this trend line shown below. Gareth Soloway
Three Reasons Why The U.S. Dollar Will Soar A fair case can be made that every country in the world is trying to devalue its currency at this time. The reason for a country wanting to devalue its currency is simply because it will help boost exports. In other words, a country with a weak currency can sell more goods abroad. A good example of this would be a weak Japanese Yen should help Toyota Motor Corp (NYSE:TM), Honda Motor Co (NYSE:HMC) and other Japanese companies to sell more cars or products to other nations that have a stronger currency. At this time, almost every country in the world is trying to deflate their currency for this reason. The U.S. Dollar has been a very strong currency since 2014. Please understand, the U.S. Dollar is not strong because it is such a great currency, it is strong because so many other nations are desperately trying to devalue their currency in order to boost exports and revenues. Below I will list three reasons why the U.S. Dollar will continue to surge over the next year. 1. The European Central Bank (ECB) has implemented their own form of quantitative easing. This includes negative interest rates. Just today, ECB President Mario Draghi said that he stands ready to act with additional stimulus if it sees it as necessary. So in other words, he is ready to try and devalue the Euro. This type of stimulus action be the ECB can only help to strengthen the U.S. Dollar. 2. Japan and its central bank called the Bank of Japan (BOJ) have also been trying to stimulate their economy by following easy monetary policies. Japan has also implemented negative interest rates to their banking system and this policy could continue for the foreseeable future. Japan’s central-bank governor, Haruhiko Kuroda said the Bank of Japan is ready to expand its bond-buying program and cut interest rates further into negative territory as it tries to stimulate economic growth. 3. China is another country that is facing a slowing economy. China is the world's second largest economy. The giant country is facing slowing growth, defaults, a real estate bubble popping and tightening credit. The Chinese central bank seems to be adding liquidity to the system all the time to try and inflate asset prices. These monetary policies by the Chinese will just help to keep the U.S. Dollar strong in the near term. Some ways to trade and follow the U.S. Dollar is to track the U.S. Dollar ETF's. They are PowerShares DB US Dollar Bullish ETF(NYSEARCA:UUP), or the PowerShares DB US Dollar Bearish ETF (NYSEARCA:UDN). Nick Santiago InTheMoneyStocks
This Is One Of The Best Stocks To Short Right Now: See It Here 3M Co (NYSE:MMM) is collapsing today, dropping to $180.14 -1.28 (-0.71%). This is following an all-time high yesterday. While most investors marvel at the stock move and want to buy, it is probably one of the freakin' biggest shorts or sells out there in the universe. There are so many negative indicators on all time frames that I literally get excited (in more ways than one) when I look at it. There are 4 key factors on the charts that give confirmation to this theory, all of which indicate that a drop of 25% is in the cards. Let's go over all of them right here so you can make an informed decision on this trade... 1. There was a bull flag on the daily chart going into yesterday. This normally signals significant further upside. Yesterday, the stock surged early, then gave up 100% of the move to close flat. Technical traders understand this signals a failed breakout. Failed breakouts usually result in a significant sell signal. Coming off all-time highs, this could mean a multi-year high and 20% correction in the next six months. 2. The weekly chart has a 3 bar surge. Three bar surges on any charge usually signal a pull back is on the horizon. However, a weekly three bar surge, coming at all-time highs can mean a multi-year high pivot is in place. 3. The monthly chart on 3M has seven green candles higher. This means that for seven months, the stock traded up. For hardcore InTheMoneyStocks PPT Methodology investors, this is insanely significant as it shows a 95% chance of a drop in the stock when matched with all the other signals discussed. 4. Lastly, on the monthly chart, connect the highs from 2003 to 2014-2015. If you extend the trend line it hits the highs on the chart perfectly. This is just one more epic sell signal for $MMM Gareth Soloway Chief Market Strategist InTheMoneyStocks
Don't Just Eat Corn, Trade It $CORN (Upside Alert) Teucrium Corn Fund (NYSEARCA:CORN) is the ETF that tracks the commodity CORN. This jumped on my radar on Friday because of the oversold chart put in a reversal signal known as a bottoming tail. Bottoming tails are candles on the chart that are important when they occur at multi month lows. This is the case on CORN. When this occurs, the odds heavily favor a move to the upside. Note the chart below. Upside is likely to $21.50 in the next month or two. The ETF for the commodity CORN put in a bottoming tail, which signals price reversal Gareth Soloway InTheMoneyStocks
Chart Level Alert: U.S. Steel Corp (X) Flying High! United States Steel Corporation (NYSE:X) reported earnings this morning. The stock has soared, making new 52 week highs. ** Where is X heading and what caused the pop? Earnings were solid but this run higher is more based on short covering than positive results. This tells us the pop in the stock price will run out of steam. The question is, at what price level? The price level to watch is quickly approaching based off a beautiful trend line seen in the chart below. Look for a max move of $23.50 on U.S. Steel before a pull back begins. Gareth Soloway InTheMoneyStocks
