Trade War: Boeing Co $BA Target Price Shares of Boeing Co (NYSE: BA) will likely remain weak as a trade war with China escalates. The likely downside target is $310.00. This is the major pivot low from May/April and the daily 200 moving average. Once there, look for a strong bounce. Gareth Soloway InTheMoneyStocks
Oracle $ORCL Stock Gets Slammed, Know This Trade Level This morning, shares of Oracle Corp (NASDAQ:ORCL) are falling lower by more than 7.0 percent to $42.87 a share. The decline comes as the business software giant gave an outlook below forecast. The stock is now nearing its 200-week moving average which should serve as short term support. A close below this key area will likely indicate another move lower for the stock. The next major support level for ORCL will be around the $40.00 level. This is where the stock broke out in February 2017. Very often, when a stock retests a prior breakout level it will be defended by the institutional money. ORCL will be on my radar around this key support area. Nicholas Santiago InTheMoneyStocks
Starbucks Gets Roasted, Now Watch This Gann Trade Level Yesterday, Starbucks Corporation (NASDAQ:SBUX) sold off after announcing it will be scaling back store growth and closing under performing urban locations. On June 19, 2018 SBUX stock closed at $57.43 a share, today the stock is trading at $51.00 a share. Very often, when a stock plunges in this type of chart formation it will signal lower prices ahead before a solid bottom is found. The retail coffee giant is now trading below its important 50-week moving average, this is also a sign of weakness. Traders must now watch the $48.00 as the next major support area for the stock. This level is an important Gann number and should be defended when tested. Nicholas Santiago InTheMoneyStocks
Alert: Semiconductor ETF $SMH Could Fall To $75 The Semiconductor ETF $SMH may fall to $75 per share. This is shocking to most as the current price of the SMH is $107.75. However, a head and shoulder pattern is forming which is extremely negative for the semiconductors. Should the $SMH break the neck-line at $97.50, the calculated collapse target is $75. This would be a drop of over 30% from the current levels. This is a pattern all investors should keep on their radar because of what it means for the macro markets. If the semi's drop this much, you can bet the NASDAQ and S&P are in freefall as well. Again, please note this pattern has not triggered, but if it does, make sure YOU understand the repercussions... Gareth Soloway InTheMoneyStocks
Know The Trade Level For This Major Bank Stock Most of the leading financial stocks have come under selling pressure since mid-March. The Financial Select Sector SPDR Fund (NYSEArca:XLF) is trading at a five month low and continues to signal weakness in the near term. One particular financial stock that has caught my eye is Bank of America Corp (NYSE:BAC). This leading financial stock peaked out on March 12, 2018 at $33.05 a share. Since that high pivot in the stock the shares have been steadily declining. Today, the stock is trading around $28.40 a share. Traders and investors should watch the $26.75 level for major chart support. This trade area is where the stock broke out in late November 2017. Very often, prior breakout levels will serve as excellent support when retested. Nicholas Santiago InTheMoneyStocks
The European Union May Be In Trouble! See Why Here... The Italian stock market could once again be a major topic soon. Just look at this chart below, it is not pretty! Italian bond yields have also been on the rise lately. This chart is signaling potential major problems in Italy and ultimately the European Union... Nicholas Santiago InTheMoneyStocks
This Is Where You Buy Intel Corp $INTC Shares of Intel Corp (INTC) continue to collapse lower. Now down over 15% from recent highs, the stock shows no sign of bottoming. Based on pure technical chart analysis, the likely target for a buy is $47.45, the daily 200 moving average. This is where most swing traders will buy, expecting a quick, sharp bounce. Upside bounce target is $50.25 within days. Gareth Soloway InTheMoneyStocks
This Is Where Smart Money Expects To Buy Bitcoin Investment Trust $GBTC The ETN Bitcoin Investment Trust (GBTC) have been a favorite of investors as an alternative to buying actual Bitcoin. However, there has been a massive bear market in Bitcoin since the GBTC topped out near $40. Currently trading at $9.40, investors are wondering if the lows are nearly in. The answer is 'NO'. In fact, GBTC just broke below a major support level stretching back to early 2018. This breakdown will yield another major wave of selling, taking GBTC to nearly $5/share. Once there, investors should begin to accumulate. When $GBTC is nearing $5, be ready to hear the panicking, fearful investor and media talking head. This should be taken as a positive and a contrarian indicator. Gareth Soloway InTheMoneyStocks
No One Is Talking About This Big Stock Drop... Don't look now, but $DB is making new lows and nobody is talking about it. This chart is signaling us to a problem with the bank. Remember, this is not a little regional bank, it's a global giant! Note the chart below... Nicholas Santiago InTheMoneyStocks
The Semiconductor ETF $SMH Is Falling And Here Is Where It's Going Today, the VanEck Vectors Semiconductor ETF (NYSEArca:SMH) is declining lower by 0.52 to $103.17 a share. This important ETF represents the semiconductor sector which is often a leading indicator for the tech heavy NASDAQ Composite. It should be noted that the SMH has lagged the NASDAQ Composite recently and that is generally a bearish indication for the tech sector. A couple of days ago the SMH tested it's 200-day moving average around the $102.00 level. Should the SMH close below this key support level it would indicate more downside in the near term. The next major support level for the SMH would be around the $95.50 level. This support area is where the SMH pivoted and bottomed on April 25, 2018. This area should still be major support when retested. Nicholas Santiago InTheMoneyStocks
