Semiconductors Will Rise Until They Hit This Technical Target The semiconductor index ETF $SMH is leading the technology sector higher today. The semi's have now retraced 75% of the down-move and investors are excitedly talking about new all-time highs. In the near-term, I do not expect that to happen. I have a calculated upside max move of $105.80. With the current price at $104.94, there is less than a Dollar of upside left. This max move is calculated based on a technical extension move, time count, a former pivot high from late November 2017 and a gap fill. What technical traders have noticed is that when multiple major technical signals merge together in one price point area, the chance of a retrace top increases dramatically. This is what the semiconductor ETF $SMH is showing us. Stocks like NVIDIA (NVDA), Micron (MU) and others will stall out and start to decline once this target level is achieved. I will look to short or buy puts. Gareth Soloway InTheMoneyStocks
Walmart (WMT) Nears Major Swing Buy At Gap Fill Shares of Walmart Inc (WMT) are declining for the second straight day after reporting poor earnings Tuesday morning. The stock is now down north of 13% and likely to fall to a major gap fill at $89.75. Once there, Walmart becomes a strong swing trade buy. Look for the long trade and a bounce to $95.00. Gareth Soloway InTheMoneyStocks
Applied Materials (AMAT) Nears Strong Short Level Shares of Applied Materials, Inc. (NASDAQ:AMAT) have surged in recent days from a low pivot of $45.00 back to nearly $57.00. This surge has yielded a possible short trade at $57.00 based on a resistance trend line. Note the chart below. Gareth Soloway InTheMoneyStocks
Know This Trade Level For Universal Display Corp Universal Display Corp (OLED:NASDAQ) is a leader in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. Last week, OLED stock dropped sharply after reporting earnings. It should be noted that the stock is now trading below its important 50 and 200-day moving averages. This technical chart setup signals near term weakness and further downside to come. Traders and investors must now look down around the $118.00 level for near term support. This support area is where the stock broke out in late August 2017. I will be keeping this stock on the radar and watching when OLED stock trades down to this bounce area. Nicholas Santiago InTheMoneyStocks
Trade It: Apple Inc $AAPL Nears Major Double Top Resistance Shares of Apple Inc (AAPL) are surging again, nearing the all-time high double top from January 2018. Today's surge is coming on the back of comments Warren Buffet made on CNBC, praising the company. To swing traders like myself, it is a perfect shorting opportunity. The double top and all-time high give a perfect resistance level to sell into, and just two weeks ago the stock kissed the $150 level. This means there is a better reward to being short at this point (near-term) versus being long. The pullback target off $180 is $167. Gareth Soloway InTheMoneyStocks
Apple Tags Major Double Top, Likely Epic Topping Tail In Play Shares of Apple Inc (AAPL) jumped in early trading on Tuesday just ahead of comments from new Federal Reserve Chairman Jerome Powell. After making a new all-time high at $180.48, Apple reversed sharply, turning negative on the day. This reversal may put in a daily topping tail and spell trouble for the stock going forward. Based on technicals, including the epic double top, I shorted Apple Inc with members in the Research Center. This is a pure technical swing trade, expecting this current reversal and more downside in the coming days. I have a near-term downside target of $150.00 on the stock. Gareth Soloway InTheMoneyStocks
Nutrisystem Inc Sheds Weight After Earnings, Know This Trade Level Today, leading weight loss service Nutrisystem Inc (NASDAQ:NTRI) is shedding some pounds after reporting earnings. The stock is trading lower by nearly 23.0 percent on heavy volume. Traders should note that NTRI stock is holding on to its weekly chart 200 period moving average at $30.70. Any close in the stock below today's low at $28.50 should signal another decline in the shares. Traders should now watch the $24.40 area as the next major support level in the stock. This is where the stock was defended in May 2016 and will likely be defended again when retested. Nicholas Santiago InTheMoneyStocks
Nasty Topping Tail On The Semiconductor ETF $SMH Shares of the semiconductor ETF $SMH surged in early trading, only to reverse in dramatic fashion, going negative on the day. The early surge made a new all-time high but the reversal is an ugly topping tail, a likely major top signal. Investors should watch where the $SMH closes today to see if it holds the topping tail. If it does, the SMH is a stone cold short. Gareth Soloway InTheMoneyStocks
Know This Trade Level For This Consumer Staples Stock Since interest rates have been rising many of the leading consumer staples stocks have been under pressure. Today, Colgate-Palmolive Co (NYSE:CL) is trading lower by $0.58 to $69.34 a share. This leading consumer goods stock topped out on January 19, 2018 at $77.91 a share. Since that high pivot price in the stock the share have fallen below the important 50 and 200-day moving averages. This is putting the stock in a weak technical position on the charts. The next major support area for CL stock will be around the $66.00 level. This is where the stock will look very attractive for a long side trade. Nicholas Santiago InTheMoneyStocks
