Swing Trade Buy Level On Alibaba $BABA Shares of Alibaba Group Holdings (BABA) continue to drop sharply as trade war fear continues and the Chinese economy slows. Alibaba has fallen from over $210 in June 2018 to its current $172 level. Based on calculations and technical chart analysis, Alibaba is a swing trade buy when it hits $160.00. Gareth Soloway InTheMoneyStocks
Chinese ADR's Are Falling, Watch The Buy Level For This Chinese Stock This morning, most of the leading Chinese ADR's are coming under heavy selling pressure. As you all know, the Shanghai Indexes (Chinese stock market) has been falling lower since late January 2018. Trade wars and increased tariffs have certainly hurt the Chinese economy, but there have been other problems in China that have caused the markets and leading stocks to decline. Today, leading Chinese ADR's such as Alibaba Group Holding Ltd (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), YY Inc (NASDAQ:YY), JD.com Inc (NASDAQ:JD), and most others are declining lower. The one Chinese ADR that I have my eye on is China Southern Airlines Co Ltd (NYSE:ZNH). Now understand, this stock usually trades very light volume, so it is important to really find a level that will be supported by the institutional crowd. The support area for ZNH stock that looks solid will be around the $27.00 level. This area is where the stock broke out in January 2017. Prior break-out and pivot levels will usually serve as excellent support when retested. Nicholas Santiago InTheMoneyStocks
Watch This Trade Level For Twitter $TWTR Shares of Twitter Inc (NYSE:TWTR) have been under pressure July 27, 2018. This is when the company reported earnings that were not well received by the street. In mid-June the stock actually traded as high as $41.29 a share, today the stock is trading at $32.01 a share. It is easy to see how this stock has declined sharply over the past month. Traders and investors should note that TWTR stock is now forming a bearish consolidation pattern on the daily chart. This bearish formation is indicating lower prices to come for the shares. The stock should have major chart support around the $26.00 area. This is where the 200-week moving average is at currently. It is also a level where TWTR broke out in early February 2018. This should also give solid support to this level and set up for a nice long trade. Nicholas Santiago InTheMoneyStocks
Gold Miner Buy Signal Alert $GDX Shares of the $GDX (Gold Miner ETF) took another major beating today, falling for the sixth straight day. This fall is different than the last few. First, there is panic in the selling. That is actually a good sign. Bottoms are made by flushing out the weak hands in a panic. Next, there is a major double bottom on the stock chart. Price just tagged it. Technically speaking, this is a major support level. Lastly, there is a time count. Proprietary PPT Strategies signal a bounce tomorrow and Friday. Enjoy! Gareth Soloway InTheMoneyStocks
Dillards Inc Is Tanking After Earnings, Here's The Trade $DDS This morning, leading retail stock, Dillards Inc (NYSE: DDS), is trading sharply lower after reporting earnings. The retail giant is trading lower by more than 12.0 percent to $72.63 a share. Traders should note that the stock is now trading below its important 200-day moving average. This is usually a signal of further weakness for the shares going forward. The daily chart trend is down and the stock is in a weak technical position. Traders and investors must now be patient and wait for this stock to fall into a key support level before entering on the long side. The level that strikes me as a solid buying opportunity will be around the $65.50 area. This is key support level is where the 100-week moving average is currently. It is also a key retrace level that was defended in early May. This major support level should be defended by the institutional crowd when retested. Nicholas Santiago InTheMoneyStocks
Major Level For The Markets $SPY, Right Now... $SPY filled a major gap today at $285.05. Big test for the market today here at resistance. Just a side note, the market fell 0.8% on 95m SPY shares yesterday. Today +1.1% on 24M shares. Here is the gap fill chart.... Gareth Soloway InTheMoneyStocks
Watch This Trade Level For This Leading Tech Stock Xilinx Inc (XLNX:NASDAQ) is a leading technology stock that has been coming under pressure recently. Today, the stock is trading lower by 0.88 cents to $70.14 a share. Traders and investors should note that this stock has been in a trading range since the start of 2018. The high end of the range has been around the $77.00 level and the low end of the range has been around the $62.50 area. A case can be made that XLNX stock has been making higher lows every time the stock price has tested the low end of the range. This time around the $65.00 area should serve as important support when tested. There is also the 100-week moving average around that level as well, this will increase the odds of institutional support and that is what moves stocks. Nicholas Santiago InTheMoneyStocks
Apple Inc $AAPL Retrace Begins, Here Is The Target Shares of Apple Inc (AAPL) started Monday with a surge higher. Since earnings, Apple has soared 15%, passing the $1 trillion marker. With the stock now at extreme overbought levels, smart investors are on the short side. As of noon on Monday, the stock has turned negative, falling approximately $3 from the highs. This reversal day signals the beginning of a retrace of the recent gains. Pro traders expect a pullback to the $200 level, a return to the uptrend trend line. Once this happens, the stock should find footing once again. Gareth Soloway InTheMoneyStocks
Online Brokers Get Whacked After JPMorgan $JPM Announces Trading App, Watch This Trade Level This morning, many of the leading online brokerage firms are trading lower after JPMorgan Chase (NYSE:JPM) announced a new trading app. The app launches next week and will allow users to get 100 free stock trades in the first year. If the user trades over the 100 free trade limit then they will be charged just $2.95 per trade. This news is putting pressure on most leading online brokers such as TD Ameritrade Holding Corp (NASDAQ:AMTD), Charles Schwab Corp (NYSE:SCHW) and ETRADE Financial Corp (NASDAQ:ETFC). TD Ameritrade Holding Corp (NASDAQ:AMTD) is a stock that I will be watching closely over the coming days. The stock is trading lower by 5.39 percent to $56.94 a share. Today, the stock seems to have found support around its 200-day moving average. A failure to hold this key level would indicate another leg lower. The next major support area for AMTD stock will be around the $52.00 area. This level is where the stock was defended in February 2018. Traders should note that this level should be solid for a long side play when retested. Nicholas Santiago InTheMoneyStocks
The Russell Nears Its Max Up-Trend Line $IWM The Russell 2000 ETF (IWM) is surging today, but nearing a major max extension trend line. Since late 2016, this trend line has dictated the max highs on the index. Today, the Russell is nearing this level and likely will see a pull back off this max level. Gareth Soloway InTheMoneyStocks
Hartford Financial $HIG Drops After Acquisition, Here's the Trade This morning, leading insurance company, Hartford Financial (NYSE:HIG), acquired Navigators Group (NAVG) for $70.00 a share in cash. The total deal is worth $2.1 billion. The news is sending HIG stock lower by 4.28 percent to $50.12 a share. Traders and investors should note that the trend is down for HIG. The stock is now trading below its important 50 and 200-day moving averages. This puts the stock in a weak technical position. The weekly chart pattern also indicates a bearish pattern and lower stock prices ahead. Traders must now watch the $44.00 area for major chart support. This is where the stock broke out in November 2016. If you have followed my work you know that I like when stocks retest prior breakout levels. Keep the $44.00 area on the radar for a long side trade in HIG when it gets there. Nicholas Santiago InTheMoneyStocks
