When Bitcoin Breaks This Level, Move To $7,400 Happens Fast Crypto-currency Bitcoin continues to show a ton of weakness. As the Dollar makes new multi-year lows, Bitcoin should be making new multi-year highs as an alternative for the greenback. Considering the high just a month ago was near $20,000, and it currently trades at $11,000, that is not happening. Instead, Bitcoin continues to see bearish consolidation, setting up for further downside. In the near-term, Bitcoin is safe as long as it holds the trend line seen in the chart below. That trend line sits around around $10,000. So as long as Bitcoin holds $10,000, it will not flush. However, I expect it to break $10,000 and flush down to $7,400 support. Once it breaks $10,000, the flush to target will happen within 24-48 hours. In other words, it will be fast. Gareth Soloway InTheMoneyStocks
Briggs & Stratton Corp Breaks Down, Know This Level Briggs & Stratton Corp (NYSE:BGG) is a leading manufacturer of gasoline engines for outdoor power equipment. Last night, the company reported earnings that are not being well received by the street. Today, BGG is trading lower by nearly 10.0 percent to $24.57 a share. The stock is trading just above its 100-day moving average at $24.29 which is still daily chart support. A daily close below this level will be a negative for the stock and signal further downside. There is a very good institutional support level for BGG stock around the $22.40 area. This area was defended on October 17, 2018. Often, prior support levels will serve as solid trade opportunities when retested. Nicholas Santiago InTheMoneyStocks
Union Pacific Corp (UNP) Plummets: Here Is The Buy Level Shares of Union Pacific Corporation (NYSE:UNP) were slammed on earnings today. The transportation company under-performing expectations, which were sky high. As the stock falls, there is a significant buying level at $123.50. This will be a key technical retrace level of support and should give the stock a significant bounce. Granted, the stock is still far away from this level, but that means it has much more downside until it is worth buying. Be patient and be ready to pounce when the chart says 'buy'. Gareth Soloway InTheMoneyStocks
Universal Display Corp $OLED Buy Trigger Approaching Fast Shares of Universal Display Corporation (NASDAQ:OLED) are approaching a major bounce level at $166.00. The stock has fallen for multiple days in a row and is now entering oversold territory. Look for a bounce off $166 to $180. Gareth Soloway InTheMoneyStocks
Apple Hits Near-Term Support As Key Level Is Tested The flush on Apple Inc (NASDAQ:AAPL) continues. The stock is dropping almost 2% again as investors run from the name over demand worries. With earnings a week away, investors appear to not want to risk holding. After a full $10 collapse from all-time highs a week ago, Apple is into near-term support. This level at $170.00 is a huge point for Apple. It will likely hold this level into earnings but then could break lower. Aggressive traders can buy it at $170.00 for a few Dollar bounce, but should be careful holding into earnings. Gareth Soloway InTheMoneyStocks
AT&T (NYSE:T) Retreats, Know This Trade Level AT&T Inc (NYSE:T) is a global telecommunication giant. The stock has been coming under some selling pressure since late December 2017. At that time, T stock traded as high as $39.32 a share. Today, T stock is trading lower by 0.50 cents to $37.33 a share. It should be noted that T stock is trading slightly below its 20 and 200-day moving averages. This puts the stock is a weak technical position near term. Traders should now watch the $34.50 area for major chart support. This level has been defended numerous times in past years and will likely serve as solid support when retested. Please remember, the company will report earnings on January 31, 2018 after the closing bell. Nicholas Santiago InTheMoneyStocks
Toll Brothers Inc (NYSE:TOL) Nears Major Support For A Bounce... Shares of Toll Brothers Inc (NYSE:TOL) have collapsed lower in the last two weeks, falling from a 52 week, multi-year high of $52.73 to a low today of $47.71. This decline should make investors worry about the future condition of the housing market. However, just like with any stock, Toll Brothers Inc will bounce hard at a key support level I am scoping out a swing trade buy at the technical, major support of $46.60. Based on PPT Methodology time counts, it needs to hit that level by Wednesday, January 31st, 2018 to be valid. If it does, look for a significant bounce back to $50.00 within days. Gareth Soloway InTheMoneyStocks
Price Target On The NASDAQ BioTech ETF Revealed As certain market sectors stall out, the biotechnology sector burst through its 2017 highs. This breakout will trigger a continued squeeze even higher on the iShares NASDAQ BioTech ETF $IBB. At a current price of $118.81, investors should expect further upside to a $133.00 target in the next month. Once there, investors should expect a sharp pull back and potential high for 2018. As a swing trader, I am patiently waiting to short that pivot high at $133.00 for a pull back to $114.50. Gareth Soloway InTheMoneyStocks
$280 on the $SPY is major support. Watch for this level today. Huge bounce opportunity. -Gareth Soloway
The Bezos, Buffett & Dimon Announcement Crushes Health Care Stocks This morning, almost every leading health care stock is coming under major selling pressure. The weakness in the health care stocks comes after an announcement was made by Amazon.com (NASDAQ:AMZN) boss Jeff Bezos, Berkshire Hathaway (NYSE:BRK.a) boss Warren Buffett and JPMorgan Chase (NYSE:JPM) Chairman Jamie Dimon announced Tuesday morning that they are "partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs." Leading health care stocks such as UnitedHealth (NYSE:UNH), Aetna (NYSE:AET), Cigna Corp (NYSE:CI), Humana Inc (NYSE:HUM), Express Scripts Holdings Co (NASDAQ:ESRX), CVS Health (NYSECVS), and others are tumbling on the announcement. As a trader we must look at this decline in the health care stocks as a trading opportunity. Cignal Corp (CI) is an equity that is now on my radar. The daily chart is showing very good support around the $205.00 level. This is where the stock formed a solid chart base in late December before breaking out to new highs. Often, a retest of this area will lead to a solid bounce for the stock. I will be finding more levels for other health care stocks in the coming days, but Cigna Corp (CI) is one stock that has caught my eye right now. Nicholas Santiago InTheMoneyStocks
Chart Alert: Micron Tech (NASDAQ:MU) In Major Trouble Shares of Micron Technology, Inc. (NASDAQ:MU) broke below major stock chart support today. This signals the next major leg lower in the stock price, ultimately headed to $34.00. While the media and analysts have been high on Micron Technology, the chart has spoken differently. While many chip stocks made new all-time highs in the last week, Micron Technology topped out back in early November, 2017 at $50. Since then, it has fallen nearly 20% into today. The breakdown can be seen on the stock chart below. Note the target is a key gap fill, also near the daily 200 moving average. Gareth Soloway InTheMoneyStocks
Buy It Here: McDonald's Corporation (NYSE:MCD) Slammed On Earnings Shares of McDonald's Corporation (NYSE:MCD) took a beating after reporting solid earnings. The problem? Simply put, this burger and fries fast food player is trading at a P/E (price/earnings) ratio over 30. That is insane. Many high growth tech stocks do not trade at that P/E ratio. The earnings today were solid, but investors are smartly taking profits until the valuation numbers come more in-line to 'normal'. The buy level on the stock chart is $160.00 and could be hit within days. Gareth Soloway InTheMoneyStocks
