Stitch Fix Inc $SFIX Becomes A Buy At This Level... Shares of Stitch Fix Inc (SFIX) are collapsing over 30% today after earnings disappointed heavily. As the stock collapses, investors and traders are looking for the major buy level. The stock chart signals a major buy when price hits $26.50. This level is revealed by noting a major pivot point and the daily 200 moving average at the $26.50 level. The two factor trade gives swing traders a high percentage chance of success. Gareth Soloway InTheMoneyStocks
Home-Builder Stocks Fall As Rates Rise, But They Will Be Buys Again $PHM As you all know, the leading home-builder stocks have been steadily declining as rates on the 10-year note continue to rise. Today, yields on the 10-year U.S. Treasury Note are higher by nearly 7.0 basis points to 3.125 percent. This move in rates has pressured the housing related equities. One housing stock that has now caught my eye is Pulte Group Inc (NYSEHM). This stock has been declining lower since late January 2018 when it traded as high as $35.21 a share. Today, PHM is trading around the $24.00 area, so you can see how much it has fallen already. Traders and investors should now watch the $20.50 level for major chart support. This is where this stock broke out in January 2017 and will likely be defended again when retested. Nicholas Santiago InTheMoneyStocks
Whirlpool Corp $WHR Hitting Major Support, Now A Swing Buy Trade Shares of Whirlpool Corp (WHR) continue to decline but finally the stock chart has hit major support. The $115 level is a major pivot from 2010 with Whirlpool now almost 50% off its 2018 highs. Swing traders should look for a bounce back to $125-$130 in the coming weeks. This is a classic technical setup for investors. Gareth Soloway InTheMoneyStocks
Quick Bounce Trade Level On Home Depot $HD Shares of Home Depot (HD) have collapsed in recent days. In the last month, Home Depot has fallen from $215 to $199. The top was put in, as predicted with hurricane Florence on the east coast. Big money sold into the hurricane hype and smartly so. With it falling so sharply, investors can look to the $197.90 gap fill level for a quick swing trade bounce. Note the chart below. Gareth Soloway InTheMoneyStocks
A Tech Wreck Is Going On, So Look Elsewhere For Opportunities $TNX This morning, the major stock indexes are all coming under heavy selling pressure. The tech heavy NASDAQ Composite is leading the decline by falling 1.60 percent so far today. While technology stocks have been the sexy group to invest in over the past few years there are other places to look now before the correction is over. One area that is looking attractive is the U.S. regional bank stocks. Rising rates are certainly going to be a big catalyst to this group. Today, the 10-year U.S. Treasury Note yield is now at 3.19 percent. There is also chatter that the government is looking to break up the large banks. While this is unlikely it could be another positive for the regional bank stocks very soon. Some leading regional bank equities that are on my radar include SunTrust Banks Inc (NYSE:STI), SPDR S&P Regional Banking ETF (NYSE Arca:KRE), Regions Financial Corp (NYSE:RF), and several others. Nicholas Santiago InTheMoneyStocks
Key Near-Term Target On The NASDAQ 100 $QQQ The NASDAQ 100 (QQQ) is taking a beating as investors exit stocks upon an interest rate surge. The NASDAQ 100 will likely continue to fall until it tags the $175 level. Once there, swing traders can expect a 'buy-the-dip' bounce for a week and likely a $5 point bounce. This is a technical PPT level, taking into account multi-factor signals. Gareth Soloway InTheMoneyStocks
Tesla $TSLA Keeps Driving South, Here's The Technical Trade... Tesla Inc (NASDAQ:TSLA) has been on a roller-coaster ride over the past few months. The electric vehicle (EV) maker peaked out on August 8, 2018 at $387.46 a share. Since that high pivot top the stock has gone through a lot of CEO drama and the shares have come under major distribution. Today, TSLA stock is trading lower by $7.45 to $254.30 a share. The stock is now testing it's recent double bottom pivot made on September 7, 2018. A close below this key level will tell us that another leg of selling is on its way. One key support area that would interest me would be around the $217.00 level. This is where the stock was defended in January 2017 and likely a level to be supported again when retested. Nicholas Santiago InTheMoneyStocks
Advanced Micro Devices $AMD Nears Key Bounce Level Shares of Advanced Micro Devices (AMD) are almost $10 off their recent highs, a full 30% drop. As it craters, the weak investors go running but the smart traders are looking to buy. The key level is $25.20 for a swing trade bounce. This may be hit within a day or two. Gareth Soloway InTheMoneyStocks
Epic Buy Level On American Airlines $AAL Approaching Shares of all airline stocks continue to tank as oil remains and multi-year highs. Shares of American Airlines (AAL) are trading near $34.50, down from a 52 week high of near $58. The fall in the last three weeks has accelerated as oil has spiked sharply. As average investors and funds run from airlines stocks, American Airlines has a major support and strong buy level emerging at the $33 level. Smart traders are licking their lips at this level. This is a multi-factor level with two chart signals pointing to major support. Add in an extreme oversold stochastics, RSI and other factors and there is the makings of a major bounce and buy. Gareth Soloway InTheMoneyStocks
This Stock Has Given Investors A Serious Paper Cut, Know This Trade Level $IP International Paper Co (NYSE:IP) is a leading paper and packaging company with primary markets around the world. This stock peaked out in late January 2018 at $66.94 a share. Since that high pivot, the stock has been plunging and today it trades at $45.05 a share. This is a new 52-week low for the stock and many traders are now wondering where the bottom is for the paper products giant. The stock has now broken below its 200-week moving average which is a major negative sign for the shares. Traders must now look around the $41.00 area for the next important support level. This level is an important retrace level on the chart and a spot where the stock broke out in July 2016. Often, this combination will serve as an area that will be defended by the institutional money. Please note, the company will report earnings on October 25, 2018. Nicholas Santiago InTheMoneyStocks
Home Depot $HD Holds Support But For How Long? Shares of Home Depot (HD) are still holding major support but top investors wonder for how long? The stock has hammered on a support trend line since April 2018. It has now tagged it four times. While still support, it is weakening. Projections show a near-term bounce, but limited to 3-5% maximum. The likely outcome after this near-term bounce is a sharp drop to $180.00. Gareth Soloway InTheMoneyStocks
This Blood-Bath Decline Will Lead To Another Monster Buy, But Can You Spot The Turn? Finally, we are starting to see a little fear on Wall Street. Yes, this could be the perfect storm. After all, we have yields rising on the 10-year U.S. Treasury Note, U.S. / China trade wars, a stronger U.S. Dollar, weak emerging markets and a never ending investigation against President Trump. There are actually even more worries in the pipeline, but these are probably the most important concerns that affect the stock market. Traders and investors must now be patient and start to look for the potential opportunities to arise. We must realize at some point the Federal Reserve will probably stop raising interest rates. Eventually, the United States and the Chinese government will come to some type of an agreement on trade and intellectual property, both countries rely on each other for economic growth. The emerging market economies will find a bottom sooner or later, but this will probably be dependent on currency, interest rates and a few other factors. As for the investigation into the Trump administration and Russian collusion, while it gets more bizarre more the day and actually seems far fetched at this stage that it will turn into something major, this is still a wild card for the markets. The bottom line is that the corporate tax rate in the U.S. is 21.0 percent. This makes the United States one of the most competitive countries in the world right now. Once these and other problems have some clarity and resolutions the markets in the United States should continue to expand. Now please understand, if these problems are not solved then there could be some real repercussions out there for the stock market. Until then, stay nimble and look for the charts that are signaling a bottom. After all, the S&P 500 Index is about 4.0 percent off the recent highs and still positive in 2018. Nicholas Santiago InTheMoneyStocks
