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InTheMoneyStocks Day Trading/Swing Trading Market Moving Action

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

  1. GarethSoloway

    GarethSoloway Member

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    As we all know, the travel related sectors have been some of the hardest hit stocks in the marketplace. Airlines, cruise lines, travel websites, hotels and most restaurant stocks have been decimated lately. Either some of the stocks in this industry group are on sale or they are going bust. My bet is that they are on sale at this stage of the game.

    ON WATCH: Hilton Worldwide Holdings Inc (NYSE:HLT) is a stock that is now on my radar as a potential long-side trade. This stock made a low on March 18, 2020 at $44.30 a share. Since that low pivot, the shares rallied up to the 20-day moving average at $78.45 a share and has now pullback again. Today, HLT is trading around the $63.57 level. The daily chart is also making a possible higher low and that is often the start of a bull pattern. Over the course over the next week or so I will be looking for a consolidation pattern to form. This usually indicates further upside for the stock. I will be keeping this stock on my radar going forward. Some other stocks in the sector that I will also be monitoring are Marriott International, Inc. (MAR), Hyatt Hotels Corporation (H), and Choice Hotels International, Inc. (CHH).

    Check out the chart here... https://inthemoneystocks.com/hotel-stocks-are-now-on-my-radar/

    Nick Santiago
    InTheMoneyStocks
    Chief Market Strategist
     
  2. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Trade The Charts: S&P 500 Attacking Key Level

    Investors need to trade the charts. If you can shut down emotion and just trade the charts you can profit in bull and bear markets. Emotion is the great profit killer. To put it to use, let’s look at the current S&P tracking ETF (SPY). We are currently attacking the $263.00, the same highs we knocked up against a week-plus ago. The last time the S&P traded into this level, it failed. This tells investors and traders that if the $SPY can close above $263.00, it will have broken out. The upside is likely to $274.00 as a minimum, this is a key gap fill. I even think the SPY could push through to the 50% Fibonacci retrace level at $280.00.

    By using the charts, you can position your portfolio for these monster moves that will likely take place in just days. The gains that members have seen just compound how key using the charts are. Trade the charts and profit for life.

    See the chart here: https://inthemoneystocks.com/trade-the-charts-sp-500-attacking-key-level/

    Gareth Soloway
    InTheMoneyStocks
    Chief Market Strategist
     
  3. GarethSoloway

    GarethSoloway Member

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    Investors need to trade the charts. If you can shut down emotion and just trade the charts you can profit in bull and bear markets. Emotion is the great profit killer. To put it to use, let’s look at the current S&P tracking ETF (SPY). We are currently attacking the $263.00, the same highs we knocked up against a week-plus ago. The last time the S&P traded into this level, it failed. This tells investors and traders that if the $SPY can close above $263.00, it will have broken out. The upside is likely to $274.00 as a minimum, this is a key gap fill. I even think the SPY could push through to the 50% Fibonacci retrace level at $280.00.

    By using the charts, you can position your portfolio for these monster moves that will likely take place in just days. The gains that members have seen just compound how key using the charts are. Trade the charts and profit for life.

    See the chart here: https://inthemoneystocks.com/trade-the-charts-sp-500-attacking-key-level/

    Gareth Soloway
    InTheMoneyStocks
    Chief Market Strategist
     
  4. inthemoneystocks

    inthemoneystocks Well-Known Member

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  5. GarethSoloway

    GarethSoloway Member

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  6. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Short Microsoft $MSFT: Here Is The Technical Level

    As markets continue to rally, investors are becoming more confident. The vibe is now that COVID-19 will pass soon and it will be business as usual. In reality, that is unlikely. Until there is a vaccine, there will be no ‘business as usual’. Having said that, the rally can last a little longer. Microsoft is likely to head up to the major technical chart resistance at $178.50. That is my key short level to attack. Once there, I will pull the trigger. I will also begin shorting the S&P and NASDAQ 100.

    Based on all technical cycle work, there is still another leg lower that could take us lower than the recent $SPY low of $220.00.

    See the chart here: https://inthemoneystocks.com/short-microsoft-msft-here-is-the-technical-level/


    Gareth Soloway
    InTheMoneyStocks
    Chief Market Strategist
     
  7. GarethSoloway

    GarethSoloway Member

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  8. inthemoneystocks

    inthemoneystocks Well-Known Member

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    #Oil not bouncing at all (even after an OPEC+ cut) tells you smart money does not believe this stock market bounce. Stock market bounce tells you investors believe economic recovery is coming soon, oil lack of bounce says...NO
     
  9. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Key gap fill hit at $211.35 on the $QQQ. Should be near-term resistance.
     
  10. inthemoneystocks

    inthemoneystocks Well-Known Member

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  11. inthemoneystocks

    inthemoneystocks Well-Known Member

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  12. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Stock Chart Breakout On McDonald’s Corp $MCD...

    Shares of McDonald’s Corp (MCD) are rising nearly 5% today on the back of solid earnings from Chipotle Mexican Grill (CMG). The fast food pickup/takeout game is alive and well as consumers are getting tired of cooking at home. On a technical basis, there is a McDonald’s stock chart breakout above the daily 50 moving average today. This likely gives it further upside to the daily 200 moving average at $201 in the coming weeks. This means there is the potential for another 7-8% upside in McDonald’s Corp until it hits a short/sell level.

    As a swing trader, I accept the stock chart breakout, sitting back and letting it run higher in the near-term. Aggressive traders/swing traders can likely buy it and play the upside move. I will likely step up and short the key 200 daily moving average at just over $200/share.

    See the chart here:
    https://inthemoneystocks.com/stock-chart-breakout-on-mcdonalds-corp-mcd/

    Gareth Soloway
    InTheMoneyStocks
    Chief Market Strategist
     
  13. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Technical Analysis On Apple: Stock Hits Key Level

    Shares of Apple Inc (AAPL) moved higher today as money flow continues to favor the big trillion-Dollar technology names. While investors, funds and the media continue to rush in, the technical analysis on Apple is screaming caution. Apple has rallied 50% since its late March 2020 lows. Today Apple hit gap window resistance, a key factor for any chart technician. Smart investors that follow the technical analysis on Apple are selling the stock and even taking short positions.

    Based on technical analysis on Apple, I have two levels. The first hit today at gap window of $303.00. The second level is the gap fill from February 21st, 2020 at $313.00. Smart money is accumulating a short position from here until there. The upside on Apple in the near-term is limited while the downside would be a pull back to as low as $240.00.

    See the chart here: https://inthemoneystocks.com/technical-analysis-on-apple-stock-hits-key-level/

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks.com
     
  14. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Trade What You See, Not What You Think!

    These days we watch as the trading world gets bombarded with information. Since the start of the coronavirus scare the media has been reporting doom and gloom all day long. Many people are have become paralyzed by the news; almost afraid to go outdoors. After all, a virus that has killed people is very scary, so it is understandable when you see the reaction in the public. It has been very difficult for people to get real facts about anything since we now have bias and slanted news. This cannot be disputed regardless of what your political views may be.

    As a trader and investor, it is important to trade what you see on the charts. This is actually the reason why you want to use charts, so you can cut out the noise and opinions of the media. You see, charts represent the money flow in the market. Basically, reading a chart is simply reading the footprint of human nature. As we all know, human nature never changes and as Jesse Livermore says, that is why the stock market does not change either. What has happened before will eventually happen again. It may not repeat exactly, however. There could be different characters involved, but it will repeat nonetheless. This is why mankind has been at war since existence. Everything simply repeats over and over.

    The same goes for stocks. This is why we use charts, because the patterns repeat over and over. While not every trade will workout perfectly, the majority of them will if you read the charts correctly. This is why you want to trade what you see and not what you think.



    See the chart here: https://inthemoneystocks.com/trade-what-you-see-not-what-you-think/

    Nick Santiago
    Chief Market Strategist
    InTheMoneyStocks.com
     
  15. inthemoneystocks

    inthemoneystocks Well-Known Member

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    Profit From The Manipulation: Options Expiration Trades...


     
  16. inthemoneystocks

    inthemoneystocks Well-Known Member

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    General Electric Stock Chart Hits Epic Level


    Shares of General Electric (GE) are trading at levels not seen since 2009. In fact, General Electric stock chart just tagged the low pivot from the bottom of the financial crisis in 2008-2009. While scary, it does tell investors there should be some support here. The technical level is $5.50 and the low of day breached it by 0.02 at $5.48.

    Based on technical analysis, with the epic double bottom, shares of General Electric are likely to bounce from this level. Anywhere between 10-20% is a likely jump level within the next few weeks. With the General Electric stock chart hitting this major level, swing traders such as me will be looking to accumulate.

    See chart here: https://inthemoneystocks.com/general-electric-stock-chart-hits-epic-level/

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks.com
     
  17. inthemoneystocks

    inthemoneystocks Well-Known Member

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  18. inthemoneystocks

    inthemoneystocks Well-Known Member

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