If This Level Breaks, 10 Year Yields Spike to 3.50%, Then 4.05% 10 year bond yields are hammering on the 3.10% level. This was the pivot high from 2013 and current resistance. However, should the 10 year yield break over 3.10%, there is no resistance until 3.50%, then 4.05%. While to average investors it may mean little, to smart traders this is huge. The stock market could literally lose 25% of its value if rates spike to 4.05% as big money runs for yields versus the risk of stocks. In addition, U.S. debt payments will spike, likely causing an S&P warning and possible default. The Federal Reserve has put us in a corner where easy/cheap money is the only way to survive. This is a major catastrophe waiting to happen. In my opinion it is not IF rates jump to 3.50 and 4.05%, it is when?... Gareth Soloway InTheMoneyStocks
On Watch: SOHU.com $SOHU Nearing Key Breakout Level Shares of China company SOHU.com (SOHU) are consolidating in a bullish manner just underneath a major breakout level. Should the stock trade through the $38.00 breakout point, SOHU will likely surge as high as $44.00-$45.00. The backing off of trade war fears means Chinese ADR's are back in play for big money hedge funds. Just an added positive. Watch for the breakout and enjoy the swing trade. Gareth Soloway InTheMoneyStocks
Hewlett Packard Enterprise Co $HPE Slammed After Earnings, Here's The Trade Earlier today, Hewlett Packard Enterprise Co (NYSE:HPE) reported earnings. The stock is declining lower by $1.76 to $15.63 a share. At this time, HPE stock is holding above its 200-day moving average. A daily chart close below this key moving average would signal another move down in the stock. The next key support level for HPE stock will be around the $14.40 area. This level is where the stock broke out in late November 2017. Often, prior breakout levels will serve as major support when initially retested. I will be looking to play HPE on the long side around this major level. Nicholas Santiago InTheMoneyStocks
Major Swing Trade Buy Target On Hewlett Packard Enterprise Co $HPE Shares of Hewlett Packard Enterprise Co (HPE) are falling sharply after reporting earnings. The stock is down over 10%, trading near $15.50. As it declines, some investors who were long are selling with panic, other investors are buying thinking it's a great discount. However, the smart big boys and girls are waiting patiently for Hewlett Packard Enterprise to tag the $15.00 level, a key pivot on the stock chart and a major buy level. Once hit, Hewlett Packard Enterprise will see a solid bounce for a swing trade long. Gareth Soloway InTheMoneyStocks
CIT Group Inc $CIT Slides, Watch This Trade Level CIT Group Inc (NYSE:CIT) is a leading provider of financing, leasing and advisory services to middle market companies in a range of industries in North America. Today, the stock is falling lower by $2.42 to $52.82 a share. This decline breaks the recent uptrend in CIT stock. Very often, sharp declines like this will lead to further downside in the near term. Traders should note that the stock has support around the 200-day moving average which is currently around the $50.00 area. Unfortunately, CIT stock trades less than a million shares a day on average, this tells me that we have to compensate for overshoot and look lower. The next major support level for CIT would be around the $48.00 area. This level is where the stock broke out in November 2017 and should be solid support when retested. Nicholas Santiago InTheMoneyStocks
This Chart Says Applied Materials $AMAT Headed to $35.00 Shares of Applied Materials, Inc. (AMAT) recently fell sharply on earnings. While some investors and TV talking heads viewed this as a buying opportunity, smart technical traders are sounding the alert. There is a major head and shoulder pattern formation that may signal a collapse from the current $50.00+ price point, to $37.50. A head and shoulder pattern is a bearish formation. When the neck-line breaks, the pattern is triggered. Per calculations, the $37.50 is target. Gareth Soloway InTheMoneyStocks
There Is A Bidding War For FOXA, So Where Is The Buy Level For Disney Stock? There is now a bidding war for Twenty-First Century Fox (NASDAQ:FOXA). The two companies that are looking to take over the media firm are Walt Disney Co (NYSEIS) and Comcast Corporation (NASDAQ:CMCSA). Earlier today, reports were released that Disney is preparing to increase its bid for FOXA to counter the Comcast offer. As a technical trader, we don’t really care what a company pays for another company, we just care about the chart. At this time, the chart is setting up for further downside in Disney shares. Currently, DIS stock is trading around $100.65 a share. Unfortunately, the pattern on the chart is saying that this stock could drop as low as $90.00 a share before becoming a buying opportunity. Now please understand, anything can happen when a company is fighting to take over another business, but this chart signals a strong buying opportunity around the $90.00 level for Disney stock. Nicholas Santiago InTheMoneyStocks
JPMorgan Chase $JPM Nearing Major Support Shares of JPMorgan Chase (JPM) are hammering on major support at $105.00. Not only is this a former pivot low multiple times in the last six months but it is also the daily 200 moving average. JPMorgan is a buy as long as it holds $105.00. If it breaks $105, there is significant downside, so exit immediately. Next stop would be $94.00. Gareth Soloway InTheMoneyStocks
Michael Kors $KORS Tanks After Earnings, Know This Level This morning, leading luxury retailer Michael Kors Holdings Ltd. (NYSE:KORS) is plunging lower by more than 12.0 percent to $59.51 a share. The company's cautious outlook disappointed the street and seems to be the catalyst for the decline. The next key support area for the stock will be around the 200-day moving average which is currently at $57.83. Unfortunately, the larger chart pattern is signaling more of a decline in KORS stock price. The next major support level on the weekly chart indicates the $50.00 area. This is where the chart has a convergence of important weekly chart moving averages and a major gap window from late October 2017. Traders should keep KORS on the radar around this level for a long side trade. Nicholas Santiago InTheMoneyStocks
Massive Double Top Signals Strong Short On Micron Technology $MU Shares of Micron Technology (MU) are hammering into a daily double top after rallying 35% in just weeks. This is partial fake financial engineering due to a massive share buyback but also because of a piker cult following of the stock that drives it higher as small investors chase in the upper ranges. Ultimately, the charts tell the truth and the truth is a double top after a massive move like this has a 80% chance of falling hard. In addition, after posting a short on the stock on Twitter, many average or sup-par average investors told me I am crazy. That is exactly what you want to see to know you are correct on the analysis.
Box Inc $BOX Gets Crushed, Watch This Trade Level Box Inc (NYSE:BOX) is a leading cloud based storage provider that came public in February 2015. Last night, the company reported earnings that are not being well received by the street. Today, the stock is trading lower by more than 10.0 percent to $24.82 a share. Traders should note that the stock was forming a bullish base before the earnings announcement, that pattern could be broken today. A failure of the pattern should indicate further downside for the stock in the near term. The next important daily chart support level for BOX will be around the $22.50 area. This is where the stock broke out in late April 2018. This trade level should be solid support when initially retested. Nicholas Santiago InTheMoneyStocks
Deutsche Bank $DB: Major Black Swan Event, Ignored By Media Shares of Deutsche Bank (DB) collapsed sharply lower today, now down almost 50% in 2018 alone. The financial media is nowhere to be seen on this mega story. The derivatives book on Deutsche Bank would make even the strongest stomached investor squirm. North Korea? A trade war? None of these come close to the financial impact of Deutsche Bank pulling a Lehman Brothers collapse on the economy and financial system. This is a friendly heads up to investors. Deutsche Bank just broke a major double bottom support level and is in mega collapse territory. If it does not recover in a day or two, expect financial panic to sweep over Europe and the United States. Banks like JPMorgan Chase (JPM) with exposure would see a 10% or more drop in just days. Gareth Soloway InTheMoneyStocks
$COST Costco earnings are out after the close today. It could set the tone for retail tomorrow - Nick
