This Will Seal The Fate Of Apple $AAPL Shares of Apple Inc (NASDAQ:AAPL) have been unable to bounce over the last few days, after pulling back from all-time highs. This chart formation is known as a bear flag. In addition, if you connect the recent lows of the last month (as seen in the chart below) you can clearly see a breakdown is taking place. This seals the fate of $AAPL in the near-term, a solid drop is coming. Investors should be short shares of Apple, looking for a downside long-term target of $121.50. Gareth Soloway InTheMoneyStocks
Johnson & Johnson (NYSE:JNJ) Drops After Earnings, Where Are The Trade Levels? A few days ago the leading healthcare stock Johnson & Johnson (NYSE:JNJ) dropped sharply lower after reporting earnings. The stock lost about 3.0 percent on April 18th, 2017. Many traders and investors are now wondering where this stock will finally find a low and rebound. The daily chart 200-day moving average is sitting around the $119.00 level. This will be a decent chart support area for a bounce, but if the stock consolidates above the $119.00 level for another week or so traders will have to look lower. The next major support level for JNJ stock will be around the $116.83 level. This is an area where the stock broke out in February 2017. Often, stocks will retrace back down to the break-out level before moving higher. Either way, JNJ stock should be on traders radar. Nicholas Santiago InTheMoneyStocks
BUY ALERT: Major Support On Diana Shipping Inc. $DSX. We Bought Here... I grabbed some Diana Shipping Inc. (NYSESX) today. We accumulated shares at $4.25 for a swing trade bounce with a current target of $5.05. The reasoning for this buy is simple. The stock has fallen sharply from $6.20 down to $4.21 in the past week. At $4.25 it started hitting major support and the odds strongly favor a technical bounce back to the $5.05 level. See the stock chart below. Note, I have no idea if I/we will hold it until the $5.05 target. That is a perfect world scenario. However, I am confident we will make a solid profit on it as we do and have done over the long term. Learn how to survive and profit in this market, or it will take all of your money! Gareth Soloway InTheMoneyStocks
The Euro (EUR/USD) Is Still Going Higher Since the start of 2017 the Euro has been climbing higher against the U.S. Dollar. On January 3, 2017 the EUR/USD traded as low as 1.034. Today, the EUR/USD is trading around 1.0865. The EUR/USD has been making higher lows on the daily chart and that is usually a sign of higher prices to come in this currency pair. How high is the EUR/USD going to trade? Well, the current chart pattern signals a potential move in the EUR/USD to around the 1.1040 level. This should complete the rally that started in January. This level in the EUR/USD should also lead to a very good shorting opportunity. Traders that want to try a short trade in the EUR/USD can use the ProShares UltraShort Euro (NYSEARCA:EUO). The downside target for the EUR/USD is for a move to the 1.02 level. Nicholas Santiago InTheMoneyStocks
$TWLO Retrace Gives Investors A Great Buy For Next Leg Up Just over a week ago, Twilio Inc (NYSE:TWLO) was upgraded by institutional investors. This upgrade was the catalyst for a breakout on the stock chart, sending the stock from $27.00 to $34.00. The benefit of this move was that it took out a major trend line of resistance, clearing a hurdle that has kept the stock under pressure for a long time. Once cleared, the stock is free to continue up. However, first, it needs to consolidate, essentially digesting the recent big 25% move. That is where smart investors look for a buy. So far, the stock has pulled back to a low of $30.21. The key is looking for a retrace into the former breakout trend line. This is known as the scene of the crime (breakout) on the stock. Once there, Twilio becomes a huge buy. Note the chart below... Gareth Soloway InTheMoneyStocks
Beverage Stocks Drop, Know This Institutional Buy Level Today, two of the leading soft drink companies Dr Pepper Snapple Group Inc.(NYSEPS) and PepsiCo Inc.(NYSEEP) are declining sharply lower after reporting earnings. Dr Pepper Snapple Group Inc.(NYSEPS) is the bigger loser on the session falling by nearly 5.0 percent on the session. PepsiCo stock is down just 0.81 percent at this time. Traders and investors that are looking to buy Dr Pepper Snapple Group Inc.(NYSEPS) stock must now be patient. When a stock declines this sharply from its recent high there is usually more downside over the next few weeks. One level that looks very attractive for Dr Pepper Snapple Group Inc.(NYSEPS) stock is the $87.00 area. This looks to be a level where the institutional money has defended the stock in the past and it will likely do it again should DPS stock fall to that support area. Nicholas Santiago InTheMoneyStocks
How To Trade Yesterday's Home Depot (HD) Topping Tail New all-time highs seem almost normal in this market. Countless stocks hit new-all time highs almost every day. This is exactly what has happened with Home Depot Inc (NYSE:HD). Yesterday, Home Depot surged to a all-time high of $154.65. The difference however, was that the stock reversed those gains and closed near the lows of the day. This formed a stock chart candle called a topping tail. topping tails that occur at 52 week or all-time highs are extremely bearish indicators. Technical investors and traders use this signal as a shorting trigger. The way investors should trade this is simple. Short Home Depot Inc with a downside target of $139.25. However, if the stock every closes above the high of the topping tail of $154.65, stop out immediately. This gives investors tiny risk of less than $1.00 while rewarding investors with possible downside of $15.00. That is a fantastic risk to reward setup. Gareth Soloway InTheMoneyStocks
Airline Stocks In For A Hard Landing This morning, most of the leading airline stocks are declining sharply lower. The catalyst for the fall in the airline sector is due to a poor reaction to earnings from American Airlines (NYSE:AAL) and Southwest Airlines (NYSE:LUV). The airline sector is even falling despite lower oil prices so this is a good indication that the sector is headed lower in the near term. Delta Air lines (NYSEAL) is a stock that should be on everyone's radar. This company reported earnings last week and is now close to retesting its 200-day moving average. All indications on the chart are signaling a further decline in the stock over the near term. Trader and investors should keep an eye on the $39.25 level for a potential downside target. This is also an area where the institutional money will likely support the stock. I would be a buyer of DAL stock at the $39.25 level with a stop-loss below $36.00 on a weekly chart close. This should present a solid risk/reward trade setup with the upside target being around $47.00. Nicholas Santiago InTheMoneyStocks
Big Blue (NYSE:IBM) Is Nearing Institutional Support One of the leading information technology stocks in the world is International Business Machines Corporation (NYSE:IBM). This tech giant's stock price peaked out on February 16, 2017 at $182.79 a share. Since that time, the stock has sold off by more than $20.00 and is now trading at $160.29 a share. Many financial news reports continue to be very negative as IBM has continued to report declining revenue growth for 20 consecutive quarters. As a technical trader we do not really care about the news. A technical trader and investor really just cares about the money flow and the institutional support and resistance levels. Currently, IBM stock is now nearing solid chart support around the $158.00 level. This is an area where the stock broke out to the upside in November 2016. So here is the trade, I will look to buy IBM stock around the $158.00. level. The target on the trade will be around the $170.00 area. Traders should use a weekly chart stop-loss below $154.00. Nicholas Santiago
