Bye Bye Bitcoin: Major Support Broken, Collapse To This Target Coming Weeks ago I alerted crypto investors that Bitcoin was safe unless it broke a trend line of support as seen in the chart below. I predicted it would break that support. Today, it broke. A downward spiral will now occur, taking Bitcoin to $8,000. Once there, expect a huge bounce back above $10,00, maybe even $12,000. Other crypto-currencies will see major declines as well as the small investor freaks and runs for cover. Anyone who did not think this was going to happen is literally an idiot. The CME and CBOE launched futures just a month ago so the big institutions could short the hell out of these things. Once the big boys get on one side, it is going that way. That side was the short side. BOOM! Gareth Soloway InTheMoneyStocks
Boeing Co (NYSE:BA) Reversal With Time Count May Signal Correction Shares of Boeing Co (NYSE:BA) surged higher today with the Dow Jones Industrial Average breaking above 26,000 for the first time ever. However, my late morning, Boeing had reversed, forming a topping tail. Topping tails are strong bearish top signals, telling investors big money is selling heavily into the small buyer. In addition, what alerts even more strongly to a possible top and correction is the time count on the daily stock chart. This PPT Methodology technical factor, when coupled with a topping tail signal is 10x as powerful. While the topping tail needs to hold formation for the remainder of the day, this is the best signal yet for a top on Boeing Co. Gareth Soloway InTheMoneyStocks
Near Term Pull Back Expected On Amazon.com (AMZN) Shares of Amazon.com, Inc. (NASDAQ:AMZN) jumped higher for the 10th straight day. However, the online retail giant is staging a solid reversal off the highs after tagging a resistance trend line. The reversal is putting in a topping tail, a sell signal. This is likely a top for the stock in the near-term, a pull back to $1,200 is expected per the stock chart. See below. Gareth Soloway InTheMoneyStocks
This Stock Is Falling FAST (NASDAQ:FAST), Watch This Trade Level Today, leading industrial and construction supplies company, Fastenal Co (NASDAQ:FAST) is declining by 6.50 percent. The sell off in the stock comes after the company reported earnings that clearly disappointed the street. The stock is now piercing the 50-day moving average. It should also be noted that today's decline is also erasing all of the gains made in December. Day-traders should now watch for major intra-day chart support around the $50.00 level. This important area will be a solid retrace level and also a nice whole round number for a good risk/reward day trade when tested. Nicholas Santiago InTheMoneyStocks
Riot Blockchain (RIOT) Fills MAJOR Gap As Stock Likely To See 25% Bounce Riot Blockchain Inc (NASDAQ:RIOT) filled a major gap at the $16.00 level today. This was the biggest point of support yet on the crypto-hyped stock and a great buying opportunity. Based on the fall from over $45 to this current gap fill, investors should expect at least a 25% bounce. Gareth Soloway InTheMoneyStocks
Major Buy Level On Ripple (XRP) Revealed Crypto-currency Ripple (XRP) has fallen from $3.30 two weeks ago to just below $0.90 at the lows today. While it has bounced back just above $1.00, there should still be one more wave of hard selling before a major bottom is put in place. Look for major support and a strong buy at $0.80 based on stock chart analysis. Once $0.80 is tagged, I expect a bounce as high as $1.60, a 100% move. Gareth Soloway InTheMoneyStocks
Interest rates jump through 2.60% on the 10 year, the highest levels in almost a year. Definitely something important to the equity markets as risk/reward increases with every big up day
Check out this chart of the Euro that Nick posted to Twitter and trade accordingly!! See it here:https://twitter.com/NickSantiago01/status/953997712453783554
The Hershey Co (NYSE:HSY) Looks Sweet At This Level The Hershey Co (NYSE:HSY) has been declining since December 19, 2017 when the stock traded as high as $115.82 a share. Today, HSY stock is trading lower by $0.58 to $108.35 a share. The stock is now trading just below its 200-day moving average which is often viewed as a negative on the charts. The next important support level for the candy giant will be around the $105.00 level. This is where the stock was defended in late October 2017. Often, past support areas will be major chart support when retested. It is important to note that Hershey Co (NYSE:HSY) is expected to report earnings on February 1, 2018 before the opening bell. Nicholas Santiago InTheMoneyStocks
Strong Short Trade On Tesla Inc (NASDAQ:TSLA) Shares of Tesla Inc (NASDAQ:TSLA) are nearing a strong short level at $355.00. This is a classic bearish retrace to a breakdown trend line. The stock has significant downside to $245 from this level. That is a reward of over $100 on the short while the risk is only $40, when using the Tesla Inc all time high of $390.00. Gareth Soloway InTheMoneyStocks
Do Charts Trump Earnings? See What The $IBM Chart Is Saying International Business Machines Corp. (NYSE:IBM) is set to report earnings after the close today. Expectations are high, but then again so is the stock price. Just in the last three weeks, International Business Machines has rallied from $150 to $171. For old snail IBM, this is a huge move. In addition, International Business Machines hammered into a major gap fill on the stock chart today. The price point of the gap fill was $170.00. This signals that the stock may pull back on earnings. If it does, look for a technical retrace to $164.00. Today will be a good example of whether or not stock charts tell investors the reaction on earnings ahead of time. Gareth Soloway InTheMoneyStocks
