Toyota Motor Corp $TM Might Have More Pain Before Gain Today, leading automobile stock, Toyota Motor Corp (NYSE:TM), is trading lower by $2.98 to $128.32 a share. The stock has made lower highs on the chart since January 2018 when the stock traded as high as $140.99 a share. The current chart pattern will usually signal lower prices ahead for the stock. Traders and investors must now watch the $120.00 area for the next important support level. This is where the 200-week moving average is located and should serve as major support when tested. Nicholas Santiago InTheMoneyStocks
Could Get Nasty: What This Trend Line On Boeing Co $BA Shares of Boeing Co (BA) have been hovering just off of all-time highs for the last 8 months. Trade war fears have kept it from making new highs as apparent distribution continues. Distribution is where big money sells to smaller investors or dumb funds. As of now, Boeing is safe. However, if it breaks the trend line shown on the chart below, watch out below. The stock could fall quickly to $300 or below. This trend line is a major technical support that has been holding. If it gives way, there is nothing below until $295.00. Gareth Soloway InTheMoneyStocks
Major Level Tagged On The VIX, See It Here The VIX broke 11 today, tagging a major support level. Anytime the VIX gets below 12, the markets are stagnant and complacent. However, below 11 it is starting to get to an extreme. The chart of the VIX fill a gap going back to the January 2018 highs. This is significant because of the gap fill, but also the market top in January. Keep a close eye on the market in the next few days. Gareth Soloway InTheMoneyStocks
Transports Likely Headed To Double Top $IYT The transportation index ETF (IYT) is likely headed for a double top within a week. This is being signaled by the stock chart which just broke a recent high and has no further resistance until $206.50, the double top. This double top will be significant resistance and could see a pull back. Gareth Soloway InTheMoneyStocks
Newell Brands Inc $NWL Has Been Toasted, Know This Trade Level Newell Brands Inc (NYSE:NWL) is a leading marketer of consumer and commercial products. Some of the products include Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo and others. Today, the stock is making a new 52-week low trading at $22.14 a share. Traders and investors should note that the stock actually topped out in June 2017 at $55.08 a share. So it easy to see the down trend that NWL stock is currently in. The next major support level for this stock will be around the $17.00 area. Unfortunately, this support area is still much lower than the current share price. This level is where the stock broke out in August 2012 from an eight month base. Often, prior break-out levels will serve as excellent support when retested. Nicholas Santiago InTheMoneyStocks
Autohome Inc $ATHM Sinks After Earnings, Here's The Trade Autohome Inc (NYSE:ATHM) is an online destination for automobile consumers in China. Earlier today, the company reported earnings that are not being well received by the markets. The stock is trading lower by more than 9.0 percent to $86.58 a share. Traders should note that the stock is now trading down into its 200-day moving average. This key support area is holding up as support right now, but a close below it could signal more selling in the shares. The next key support area for ATHM stock will be around the $70.00 level. This is where the stock will have a major retrace level on the chart and should be defended. It is also important for traders to understand that the Chinese market is down trending and trading lower by nearly 17.0 percent this year. Nicholas Santiago InTheMoneyStocks
Oil Trading At $66.50, If It Breaks, Target $52.00/BBL The stock chart on oil could signal a massive collapse in the coming months. Spot crude is trading at $66.50, hitting a long-term trend line of major support. However, if oil breaks below this level, it will likely collapse within 6 months to $52.00/bbl. Watch closely, it may be on the horizon. Gareth Soloway InTheMoneyStocks
KNWN - Know Labs This is a tell don’t sell post - because we’re very proud of the technology we’re developing and we’re also #1 of 10545 movers for the day on the OTC market. Our technology is a new way to measure blood glucose non-invasively for diabetics. It’s early days but our prototype is looking amazing.
The big banks are a bit weak today. $JPM, $BAC, $C & $WFC are all negative. They will all be on my day trading radar for action this afternoon - Nick
Seagate Technology $STX Chart Breaks, Nasty Collapse Underway Shares of Seagate Technology (NASDAQ: STX) fell sharply lower on Thursday, falling over 7% to $51.00. This collapse is major and investors should be worried. The stock chart not only broke below the daily 200 moving average, but breached an epic trend line of support. The break of both these levels will likely spell significant downside for Seagate Tech in the coming months. A drop to $43.00 looks likely. Gareth Soloway InTheMoneyStocks
Occidental Pete Corp $OXY Plunges After Earnings, Watch This Trade Level This morning, leading crude oil and natural gas exploration and production company, Occidental Pete Corp (NYSE:OXY), is plunging lower after reporting earnings. The stock is trading lower by 5.78 percent to $76.50 a share. Traders and investors should note that the stock is testing a critical support level around $76.00, a weekly chart close below this area will signal more downside for the energy giant. The next key support level for OXY will be around the $70.00 area. This is where the 200-week moving average is currently and also where the stock had a key break-out in April 2018. Often, support levels such as this will be defended by the institutional crowd when initially tested. Nicholas Santiago InTheMoneyStocks
This Leading Home-Builder Is Falling, Here's The Trade $LEN This morning, most of the leading home-builder stocks are coming under selling pressure. Home-builder stocks such as Lennar Corp (NYSE:LEN), Toll Brothers Inc (NYSE:TOL), DR Horton Inc (NYSEHI) and other are all trading lower by more than 3.0 percent today. Many investors are blaming the recent Redfin Corp (NASDAQ:RDFN) guidance for the decline in the home-building sector, but the industry group has been slumping since the start of 2018. Lennar Corp (NYSE:LEN) is one particular home-builder that has caught my eye. This stock topped out on January 22, 2018 at $72.17 a share. Since that high pivot, the stock has steadily declined lower throughout the year. Today, LEN stock is trading down by $2.43 to $50.94 a share. Traders should note that the stock has been trading in a sideways range since mid-May. This pattern tells me that there is one more move lower to go before the stock finds a defined bottom. Traders and investors must now watch the $45.00 area as the next major support level for the home-builder. This is where the stock broke out in February 2017. Very often, prior break-out levels will serve as major support when retested.
Amazon.com $AMZN: Possible Topping Tail Forming Shares of Amazon.com (AMZN) surged higher on Monday, after analysts pumped the advertising potential of the online retailer. With chatter of a $150 billion in revenue by 2020, the stock jumped with euphoria. Smart investors and traders know that stocks top, often on euphoria. Was this it today? That question will be answered at the 4pm ET close. Currently, Amazon.com is reversing off the highs and may be putting in a topping tail. A topping tail is a very bearish reversal signal that marks a major top. at 4PM ET, if the topping tail is formed, it is likely the long-term top on $AMZN.
