Today it looked to me like FED intervened so I bought SPY calls on pullbacks for quick swing trades. Traded the $266 and $267 calls today with good results Last trade First trade
Tapestry $TPR Under Pressure, Watch This Trade Level Tapestry, Inc., formerly known as Coach, Inc., is a leading design house of luxury accessories and lifestyle collections. The Company's brands include Coach, Kate Spade, and Stuart Weitzman. The stock has been under pressure since August 14, 2018 when it peaked on the daily chart. At that time, the stock hit a high at $54.35 a share. Since that peak the shares have declined sharply lower and are currently trading around the $37.25 level. Traders and investors should note that this stock is in a severe down-trend at this time. One support area that I will be watching closely will be around the $33.50 level. This is where the stock broke out in January 2016 and it will likely be defended again when retested. Nicholas Santiago InTheMoneyStocks
Netflix $NFLX Headed Here Before Major Buy Triggered Shares of Netflix (NFLX) are inching higher today as the markets float ahead of the G20. However, any upside in the next few days should be viewed with skepticism. The stock chart signals Netflix will head to $228.50 before putting in a long term bottom. That is almost another 20% downside before a screaming buy is triggered. Gareth Soloway InTheMoneyStocks
DAY TRADE: Home-builder stocks are falling again today. $TOL, $LEN, $KBH, $DHI & other are all down after housing data. Day traders can watch $TOL for a scalp play at the $31.35 level - Nick S.
Here's The Electronic Arts $EA Level That Every Trader Should Know As we know, leading video game developer, Electronic Art Inc(EA), has been under some sharp distribution since July 2018. At that time, the stock peaked out at $151.25 a share. Since that high pivot point, the shares have tumbled down to the $84.40 level. EA stock is now trading below it's important 200-week moving average. This will usually indicate lower prices ahead for the popular gaming stock. One particular support level that has caught my eye will be around the $75.00 area. This is a prior scene of the crime support level from 2016. Often, these key levels will be defended by the institutional money when retested. Nicholas Santiago InTheMoneyStocks
Valero $VLO Ignites Low Pivot With Bottoming Tail Formation Shares of Valero (VLO) have likely put in an epic bottom. After making a new 52 week low in early trading, Valero staged a strong reversal. This reversal in price put in a major bottoming tail on the daily chart. This same chart signal appeared on Apple Inc (AAPL) just days ago before seeing the stock soar. Valero also has an added benefit of major daily support. Look for Valero to jump back to $90 within weeks. Gareth Soloway InTheMoneyStocks
In Quest $DGX Of A Trade Level This morning, leading diagnostic testing and information services company to the healthcare industry, Quest Diagnostics Inc (NYSEGX), is falling sharply after lowering guidance. Quest Diagnostics Inc (NYSEGX) stock is dropping by 9.32 percent to $87.87 a share. The stock is breaking down from a bearish daily chart base and this indicates lower prices ahead. The next key support level that should be watched closely will be the $80.00 area. This is where the stock broke out of a monthly chart bullish base in 2017. Often, when stocks retest prior break-out levels it will be defended by the institutional money crowd. Nicholas Santiago InTheMoneyStocks
Video Game Stocks Are under Selling Pressure, Here's The Next Trade $ATVI As you know, all of the leading video game developers have been under selling pressure since October 2018. Video game developer stocks such as Activision Blizzard Inc (NASDAQ:ATVI), Electronic Arts (NASDAQ:EA) and Take-Two Interactive Software Inc (NASDAQ:TTWO) are all trading sharply lower again today. When a stock fails to catch a bid when the market is rallying it is usually a sign of further weakness. Activision Blizzard Inc (NASDAQ:ATVI) is breaking its 200-week moving average today so this stock is now on my radar for further near term weakness. The next major support level that I see for this stock will be around the $40.00 area. This level is where the stock broke out in February 2017. Should ATVI stock back-test this level it should lead to a nice swing trade opportunity. Nick Santiago InTheMoneyStocks
Wow! Transport stocks are getting crushed this morning. The $IYT is down over 2.0%. $UPS should have decent scalp/day trade support around the $109.00 area - Nick S.
