I'm Looking To Add This Food Stock To My Shopping Cart As you all know, most of the leading food stocks have been under heavy selling pressure as of late. Recently, I have been posting a lot of charts of food and beverage stocks that have been declining into very attractive levels for a long side trade. Now I'm looking at another leading food stock that is nearing a major chart support level. This time I will be waiting for B&G Foods, Inc.(NYSE:BGS) to trade down to the $31.75 level. It should be noted that this chart area was supported in September 2015. In fact, this level was also where a reversal and break-out occurred on the monthly chart. Very often, when major break-out levels are retested it will usually be a major chart support. In my humble opinion, this is where I would expect a major bounce in the shares of BGS stock. Nicholas Santiago InTheMoneyStocks
Alert: Topping Tail Signals Max Move Complete On Boeing Co Shares of Boeing Co (NYSE:BA) surged in early trading, hitting new all-time highs at $208.61. However, the rally faded as the day dragged on with the stock giving back all the gains and closing flat at $206.44. This reversal from all-time highs increases the odds exponentially that a top is in on the aerospace company. Boeing Co has an official topping tail in place and should now start selling lower. The next wave of selling will take the stock to the daily 50 moving average, which also happens to be a pivot point of support. The downside target is $191.00 from its current level. I am short. Gareth Soloway InTheMoneyStocks
ALERT: Fitbit Inc (NYSE:FIT) Bullish Breakout Just Triggered Shares of Fitbit Inc (NYSE:FIT) are near triggering a major inverse head and shoulder pattern. This is extremely bullish with 40% upside. Fitbit Inc is trading near its 52 week lows and shorts have been in full control. When the inverse head and shoulder pattern triggers, shorts will start covering, popping the stock sharply. Look for an upside move to $7.00 or above. Nicholas Santiago InTheMoneyStocks
Stalking The Institutional Trade Level In the trading business there is always something to find, discover and learn. Very often when traders struggle to find an investment they should just simply learn to read the charts. At this time, I'm watching the stock chart of Merck & Co., Inc.(NYSE:MRK) very closely. This stock has been trading around the daily chart 200-day moving average. Should this stock fail to recapture the $64.50 level over the next week or so it will be signaling that another decline is near. Should MRK stock decline then the next major chart support level will be around the $60.90 area. This is where the stock broke out in January 2017. Traders should watch this level closely as it should be defended by the institutional money when it is retested. It is important to note that Merck & Co, Inc.(NYSE:MRK) will report earnings on July 28, 2017 before the opening bell. Nicholas Santiago InTheMoneyStocks
Goldman Sachs Group (GS) Has Broken Out And Is Heading To This Price... Shares of Goldman Sachs Group Inc (NYSE:GS) broke above key resistance and are likely headed to a double top high of $255.00. That would be a 10% upside move, expected in the coming weeks. The reasoning is simple. Interest rates have started to spike higher, good for any bank. In addition, volatility in the stock market is starting to inch back up, another key way Goldman Sachs makes money. Lastly, the chart technical setup is beautifully bullish. Goldman Sachs has broken out above key resistance and is above all three major moving averages on the daily chart (20, 50, 200). This puts it in an exceptionally strong position to roar higher. I am bullish on Goldman Sachs Group. Gareth Soloway InTheMoneyStocks
Look What This Stock Chart Pattern Is Saying Chart patterns tell traders and investors a lot about a stock. Depending on the formation of the chart it could be signaling the direction of the money flow into or out of a particular equity. Recently, leading retail coffee company Starbucks Corporation (NASDAQ:SBUX) has been coming under some decent selling pressure. Traders should note that the stock peaked out on June 5th, 2017 at $64.87 a share. Since that high pivot in SBUX stock the shares have declined to $58.17. The current pattern is still signaling weakness as it trades below its 50-day moving average. Traders and investors should now watch the $55.00 area as the next major support level for SBUX stock. This is a chart level where the stock was supported in March 2017. This area will usually be supported by the institutional money once it is retested. Starbucks Corp will report earnings on July 27th, 2017 after the closing bell. Nicholas Santiago InTheMoneyStocks
Transport Sector Dumps, Is This A Warning Sign? This morning, leading transportation stocks such as CSX Corporation(NASDAQ:CSX) and United Continental Holdings Inc(NYSE:UAL) are declining sharply after reporting earnings. These two transportation giants are putting pressure on the highly followed iShares Dow Jones Transport. Avg. (ETF)(NYSEARCA:IYT) which is trading lower by 1.40 percent today. Many traders and investors will track the transportation sector as a leading indicator for the overall market. At this time, the transport sector is still in an up-trend as it remains above its 50-day moving average on the daily chart. So today's decline is simply nothing more than a pullback at this time. This moving average is very important for the trend and is watched by many institutional traders. A daily chart close below the 50-day moving average could signal trouble for the transportation sector and the overall stock market. Nicholas Santiago InTheMoneyStocks
$CSX Corp (CSX) Falls On Earnings, Here Is The Downside Target Price... Shares of CSX Corporation (NASDAQ:CSX) fell after the transport stock reported earnings that beat Wall Street expectations. Does it sound weird, it is falling on an earnings beat? Upon a closer look, some accounting maneuvers allowed for that beat. If you back out those shady dealings, CSX Corporation actually missed earnings. This explains why it is falling. Being a technical chart trader, I have been bearish on CSX Corporation. I just cannot make sense of a railroad stock trading at a 30 P/E ratio. Are we living in the late 1800's? On a technical chart basis, CSX Corporation had a significant breakdown today. The stock gapped below the daily 20, 50 moving averages as well as a major trend line (seen in the chart below). This signals further downside is very likely. I have a $47 target penciled in, and should be achieved within the next month or so. Once at $47, CSX Corporation should see a solid bounce higher. Gareth Soloway InTheMoneyStocks
Will Retailers Ever Fight Back Against Amazon? It is safe to say that Amazon.com (NASDAQ:AMZN) is doing to retail what Apple Inc (NASDAQ:AAPL) did to BlackBerry Ltd (NASDAQ:BBRY). Amazon.com is basically decimating the retail stocks. The brick and mortar business model is now prehistoric and Amazon.com has been the biggest beneficiary. When will the major retail companies start to defend themselves against Amazon.com who is basically putting them out of business? Wal-Mart Stores Inc (NYSE:WMT) and Costco Wholesale Corporation (NASDAQ:COST) have been holding up the best against Amazon.com, but they have been facing pressure if you look at their stock price recently. Yesterday, companies such as Home Depot Inc(NYSE:HD), Lowe's Companies, Inc.(NYSE:LOW), and Whirlpool Corporation(NYSE:WHR) were hurt as Amazon.com announced it will sell Kenmore appliances. When are the retail companies going to turn themselves into an Amazon.com? Wal-Mart and Costco are best positioned to fight back against Amazon, but they have not really been effective lately. So who is going to be Amazon's biggest competitor in the next 10 years? One company that nobody is talking about is Alibaba Group Holding Ltd(NYSE:BABA). This company is basically the Amazon of Asia and the stock price has been soaring in 2017. Traders and investors should note that BABA stock price is very extended at this time, but this company is positioned to invade the North American and European markets in the future. This company is poised to be Amazon's biggest competitor in the years to come. Nicholas Santiago InTheMoneyStocks
BUY ALERT: This Is Where You Should Enter Home Depot (HD)... Shares of Home Depot (HD) have been falling sharply in the last month. After topping out around $160.00, the stock is trading below $147.00. Part of the issue is that Amazon (AMZN) is encroaching on their business. After chatting with institutional investors, and analyzing it myself, it appears there is a strong buy trade level approaching. The level is found by connecting the pivot highs from October 2016, May 2017 and August 2017. After connecting these pivot highs and drawing a trend line (as seen in the chart below) the trend line expects to $142.25. That will be a major support level. In addition, at this exact level lies the daily 200 moving average. The fact that these two factors converge at this level, gives investors a high reward, low risk buy on Home Depot. Gareth Soloway InTheMoneyStocks
