Jetblue $JBLU Target Price And Buy Level Shares of Jetblue (JBLU) continue to collapse. Based on technical chart signals, the downside remains strong until price reaches $14.25. Once there, expect a solid swing trade bounce higher, possible back over $18.00. Cheers! Gareth Soloway InTheMoneyStocks
NXP Semi Tanks After Failed Merger, Here's the Trade $NXPI Earlier today, Qualcomm (NASDAQ:QCOM) officially ended its takeover of NXP Semiconductor NV (NASDAQ:NXPI) after failing to get Chinese regulatory approval. This news is sending NXPI stock lower by nearly 7.0 percent to $91.63 a share. NXPI stock is now testing the pivot low from May 3, 2018. Should the stock close below this key support level on weekly chart basis it will signal another leg lower for the stock. Traders and investors must now watch for major support around the $80.00 area. This level is where the stock broke out in September 2016. Often, prior breakout levels will serve as excellent support for a stock when it is retested. Nicholas Santiago InTheMoneyStocks
Trade Lesson: The Best Moves Come From Failed Moves There is an old market adage that states, the best moves come from failed moves. If you have taken the InTheMoneyStocks.com Methodology Revealed trading course you have seen this proven many times. Today, I'm going to give you an example of a failed move in a stock that almost everyone knows. The stock is Twitter Inc. (NASDAQ:TWTR). As you all know, this stock had been one of the strongest stocks in 2018. In January 2018, TWTR stock was trading as low as $23.68 a share. Then the stock started to rise and traded as high as $47.79 a share on June 15, 2018. That is a 100.0 percent gain in just six months. Then TWTR stock began to trade sideways for a little over a months time forming a bullish consolidation pattern. It should be noted that bullish consolidation patterns usually signal a major upside breakout is on the horizon. Unfortunately, TWTR stock plunged lower after its earnings report breaking the bullish pattern. This tells us that the stock wants to go sharply lower. Often failed moves lead to significant downside and that is evident in the current TWTR stock price. Today, TWTR stock is trading lower by $1.93 to $32.18 a share. TWTR stock will have some daily chart support coming up around the 200-day moving average which is around the $30.00 level. Should this level fail to hold as support then traders will have to look lower toward the $25.00 area. This trade level is where the stock broke out in February 2018. Often, prior breakout levels will be defended when retested. Nicholas Santiago InTheMoneyStocks
CBS Corp $CBS Smoked, Here Is The Buy Level Shares of CBS Corporation (CBS) are falling sharply again today after the head of the company continued to have allegations of sexual misconduct levied against him. As the stock falls, it begins to look attractive based on valuation metrics. In addition, the technical chart has a strong support level at $47.75. With the stock currently trading at $51.20, it is not a far reach to assume it could hit the technical gap fill buy level within days. This is where the top pros are looking to accumulate in the coming days. Gareth Soloway InTheMoneyStocks
Know This Trade Level For Charles Schwab Corp $SCHW Leading financial firm, Charles Schwab Corp (NYSE:SCHW), has been steadily moving lower since May 21, 2018. At the time, the stock traded as high as $60.22 a share. Today, the stock is trading lower by 0.24 to $51.08 a share. The current chart pattern is not indicating much strength. Yesterday, the stock closed below the important 200-day moving average which is viewed as a sign of weakness. Traders and investors must now look lower for major chart support. There still looks to be a lot of support for SCHW stock around the $47.50 area. This is where the stock broke out in late November 2017. Often, when a stock trades back down into a prior breakout area it will be defended by the institutional crowd. That should be the case this time around as well for SCHW shares. Nicholas Santiago InTheMoneyStocks
MAJOR Stock Chart Alert: Telling You Where The Market Is Headed... Markets floating, but staying under a classic retrace (scene of the crime) trend line on the $SPY. As long as this stays below, markets are VERY vulnerable into $AAPL earnings and tomorrow's Fed statement... Gareth Soloway InTheMoneyStocks
This Is Why GoDaddy Inc $GDDY Bounce At $72.18 Today... Shares of GoDaddy Inc (GDDY) were collapsing for the third day in a row before a strong bounce took place at $72.18. The reason for this bounce was easily predicted by pro traders. If you connect the lows of the stock over the last 6 months, the lows all line up perfectly. Today's lows went right to the trend line (as seen in the chart below). Overall, pro traders expect only a day or two bounce, then a massive break lower on GoDaddy. They are looking for a $65.00 target on the stock within two weeks. Gareth Soloway InTheMoneyStocks
Scotts Miracle-Gro Co $SMG Drops After Earnings, Watch This Level Last night, leading lawn and garden products company, Scotts Miracle-Gro Co (NYSE:SMG), reported earnings that are not being well received by investors. Today, SMG stock is trading lower by 3.64 percent to $76.54 a share. This stock has been steadily declining the start of the year. It is now in a confirmed downtrend and trading below its important 200 and 50-day moving averages. Traders and investors will now need to look at the $70.00 area for major support. This level is where the stock broke out in July 2016. Often, prior breakout level will be defended by the institutional crowd when retested. Nicholas Santiago InTheMoneyStocks
Volume trends in the SPY still remain extremely light this week despite the earnings announcements, and the trade war talk. Tomorrow's key market event will be the non-farm payroll report. This is why we must trade what the market gives us- Nick
This Auto Stock Will Be On Sale Due Trade Wars As you all know, many stocks have come under severe pressure due to tariffs and trade war chatter. One particular industry group that has been affected by the tariffs has been the auto stocks. The tariffs in steel and aluminum has been sited as a direct tax on this sector. Leading U.S. Auto stocks such as General Motors Co (NYSE:GM), Fiat Chrysler Automobiles (NYSE:FCAU) and Ford Motor Co (F:NYSE) have come under selling pressure recently, but this should lead to an excellent buying opportunity very soon. General Motors Co (NYSE:GM) is a leading U.S. automobile stock that has been falling sharply since June 12, 2018. At that time, the stock traded as high as $44.86 a share. Today, GM stock is trading around $36.48 a share, so you can see how quickly this stock has declined. Traders and investors should now watch the $34.50 area for major chart support. This level is where the stock was defended in March 2018. Ofter, prior support levels will serve as a solid support area for a major bounce when it is retested. Nicholas Santiago InTheMoneyStocks
This One Signal Makes Ford Motor Company $F A Strong Buy Shares of Ford Motor Company (F) have been taking a beating of late as trade war talk and action are center stage. Just in the last couple months, Ford is down from over $12.00 to under $10.00. While the picture is not pretty, the chart is actually signaling a strong buy. Technical traders are connecting the lows of the daily stock chart starting in late 2016. There is a down-sloping trend line that connects with all lows. Every time the stock price of Ford hits this trend line, it jumps sharply higher for weeks or months. It just so happens that Ford is hitting this trend line again. That indicates a strong surge higher in the coming weeks/months. Smart money is buying here at $9.95. Gareth Soloway InTheMoneyStocks
The Bounce Level On Gold Revealed Gold has been in a near-term bear trend. As it falls, look for major support at $1,195. This will be a technical bounce level, not necessarily a long-term buy or long-term low pivot. Expect a bounce back to $1,250.00. Gareth Soloway InTheMoneyStocks
