The Trend In Retail Is Down, Where Is The Bottom? As you all know, the retail stocks have been trading lower since April 2015. At that time, the SPDR S&P Retail (ETF)(NYSEARCA:XRT) was trading around $51.00 a share. Today, the XRT is trading at $40.44 a share. Clearly, traders and investors can see that the trend is now down for the retail sector. The growth and business model of Amazon.com, Inc.(NASDAQ:AMZN) has been the leading catalyst for the decline in most of the leading retail stocks. Amazon stock has soared higher since April 2015. The retail giant has gained over $500.00 in share price since that time. Currently, AMZN stock is trading at $974.00 a share. So far, most leading retail companies have not found a way to combat the Amazon retail invasion. So does the retail sector have a bottom in place? Believe it or not it does. Traders and investors should continue to look for near term weakness in the XRT until the $38.75 level. This is a level on the charts that is signaling major support and institutional sponsorship. Remember, the market is survival of the fittest, eventually these retail companies must start to adapt to the Amazon business model or face further demise. Traders like myself will now look closer at most of the leading retail stocks when the XRT trades down to the $38.75 level. This should be a good time to look for a bounce in many of these beaten down equities in the retail sector. Nicholas Santiago InTheMoneyStocks
Major Reversal In Teva Pharmaceutical Industries $TEVA Signals Hard Bottom... Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) sold hard in early trading, hitting its lowest levels since 2005. It look like another sad day for investors in the pharma stock, but then something amazing happened. The stock turned around, surging to the upside and turning positive on the day. A reversal like this gets the attention of every technical investor and hedge fund trader. In addition, the stock has already traded big volume, over 10 million by 1:30pm ET. Anytime a stock is making new 52 week lows or in this case, decade lows and reverses in such powerful fashion, smart investors jump on board for a possible bottom play. The upside on Teva Pharmaceutical Industries is big, with a near-term target of $37.50. Investors should be taking note of this reversal on volume. This may be a multi-year low being made with huge upside. Gareth Soloway InTheMoneyStocks
Technical Take For Harley Davidson Leading motorcycle manufacturer Harley Davidson (NYSE:HOG) has been steadily declining since March 16, 2017. At that time, HOG stock was trading above $63.00 a share. Today, HOG stock is trading at $52.16 a share which is roughly a 17.0 percent decline from its March top. So where is the next level in HOG stock that looks attractive to get into this equity? Traders and investors should note that the $50.00 level look very solid for a bounce. This is a whole round number which is very appealing for traders. It is also a major retrace level from the highs and an area where most institutional traders and investors will support the motorcycle giant. So here is the trade, buy HOG at $50.00 and look for a first target around $55.00. Traders can place a stop loss below the $47.00 level using a weekly chart close. Nicholas Santiago InTheMoneyStocks
Next Leg Lower On Chevron Corp $CVX About To Begin... The stock chart of Chevron Corporation (NYSE:CVX) is about as bearish as any chart. With strong bearish consolidation, price hammering on support multiple times (weakening it) and the 20, 50 and 200 moving averages above current price, it all but promises a major drop in the coming days. Chevron Corporation is trading at $104.06 but will likely see a downside target of $97.50 within a month or so. This also insinuates that oil is set to fall further over the next month. Investors can be looking to profit from this next wave of selling about to it but shorting it, or buying puts. Gareth Soloway InTheMoneyStocks
Goldman Sachs(NYSE:GS) Stock Tests Key Support Level Leading financial giant, Goldman Sachs Group Inc (NYSE:GS) has been under severe selling pressure recently. The stock topped out in early March around $255.00 a share. Today, Goldman Sachs stock is trading around $211.75 a share. The stock is now trading around a key break-point level which is $210.00 a share. A monthly chart close below this level would likely signal further downside for this financial institution. Traders and investors should take note that the next major chart support level for Goldman Sachs stock is down around the $188.00 level. This chart level would be a major buying opportunity should the stock decline further. It is also important to remember as Goldman Sachs stock price declines it will usually cause the rest of the financial sector to fall along with it. We will be keeping a close eye on this stock in the near future as it will tell us a lot about the direction of the financial sector and the overall stock market. Nicholas Santiago InTheMoneyStocks
Vodafone Group Plc (NASDAQ:VOD) Running Into Major Chart Resistance One of the leading global telecommunications companies in the world is Vodafone Group Plc (NASDAQ:VOD). The stock price has been steadily rising since December 2016 when it traded as low as $24.17 a share. Today, VOD stock is trading at $30.04 a share. It is safe to say that the stock has been gaining ground in 2017. Traders should note that VOD stock is now moving into some major chart resistance around the $31.00 level. This is an important retrace area and a place on the chart where the stock broke down in June 2016. There will most likely be a lot of institutional selling around this $31.00 chart level for VOD stock. Nicholas Santiago InTheMoneyStocks
In This Market You Can Buy Anything Until Things Turn: Here Are My Long Picks! This market will not go down. At least investors should not expect it to until it proves otherwise. What would prove otherwise? A solid to large down day to start, then a second solid to follow-through down day. Back to back down days have been elusive. If you recall, over two weeks ago we had a massive drop in the markets. It was Wednesday, May 17th. However, there was no follow-through the next day. Instead, markets floated up, up and away, reaching new all-time highs. The secondary down day is extremely important to confirming a change in direction. As long as you do not get this reversal signal, buy every beaten down stock that is left to buy. Investors are searching for these names and will pile in on the first sign of a pop. My favorite picks are below. Twilio Inc (NYSE:TWLO) Fitbit Inc (NYSE:FIT) Eagle Bulk Shipping Inc (NASDAQ:EGLE) All three of these stocks reported great earnings and initially jumped, but then slowly pulled back to their lows. The next leg up should be on the horizon. Swing traders listen up! The Research Center is proven to be the ONLY service on the web for serious, smart investors who are looking to learn while earning from the swings in the markets! Take a look at years of documented performance and the recent profits here, the results do all the talking. Step inside and get the next trade now! Gareth Soloway InTheMoneyStocks
Watch These Key Support Levels For This Giant Bank Stock Wells Fargo Co (NYSE:WFC) has been steadily declining since March 1st, 2017 when the stock price traded as high as $59.99 a share. Today, WFC stock is trading at $51.99 a share which is about $8.00 lower from the March peak. As you know, the leading financial stocks in the U.S. have been under pressure recently as bond yields have declined. Where are the key support levels for WFC stock? There are two major chart support levels for the WFC stock price. The first key support area is around the $49.00 level. This level is where WFC broke out in November 2016. The second key support level for WFC stock is around the $45.00 area. This level is major support as it was where the stock broke out of a bearish base. Very often, bearish pattern failures will be major support levels when retested. Nicholas Santiago InTheMoneyStocks
Why This Market May Be Ready To Turn: Importance Of Major Even Numbers The stock market has gone higher, consistently for years. Corrections have been non-existent, especially recently. Most investors think major even numbers have little to do with a top or a bottom on a stock, but I believe differently. Investors must realize that the stock market goes up and down on emotion. Essentially, stocks trade based on human psychology. This is actually a very key component to why even numbers are so key in tops and bottoms. The human condition associates even numbers with either overbought or oversold. A stock at a high even number will come across to investors as expensive while a stock falling sharply into a low even number will come across as cheap. For example, Amazon (AMZN) and Alphabet (GOOGL) just crossed above the $1,000 per shares level. On a psychological level, $1,000 is a daunting number and investors tend to look at it and think "I will not buy now", or "It is now time to sell". If you look at the major stocks that are driving the stock market in recent months, many others are crossing or near crossing major even numbers. Not only has Amazon and Alphabet blasted through major evening numbers but Apple (AAPL) recently crossed the $150 level and since then it has stalled and is actually starting to fall. Facebook (FB) has also crossed the major psychological $150 level and stalled in recent weeks. Another major player in the stock market rally has been NVIDIA Corp (NVDA). The stock is currently trading over $148.00 and nearing the major $150.00. It is my prediction that once NVIDIA crosses the $150 level, all the key drivers of this massive tech stock market rally will have a psychological sell and it should create a stock market top. This will likely happen in the coming days. Nicholas Santiago InTheMoneyStocks
