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InTheMoneyStocks Day Trading/Swing Trading Market Moving Action

Discussion in 'Trade Journals' started by inthemoneystocks, Apr 5, 2016.

  1. Nicho

    Nicho Member

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    Stock Futures Plunge Again, Now Let's Trade It

     
  2. Nicho

    Nicho Member

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    Health Insurance Stocks Tumble, Watch This Trade Level $HUM

    Today, most of the leading health insurance stock are falling sharply lower. Leaders in the industry group such as Humana Inc (NYSE:HUM), WellCare Health Plans Inc (NYSE:WCG), United Health Group (NYSE:UNH) and others are all trading in negative territory. A couple days ago, a Federal judge voiced concerns over the DOJ's approval of CVS/Aetna merger. This news is the likely catalyst for the big decline in the sector.

    Humana Inc(NYSE:HUM) is a leading stock in the health insurance group that is trading lower by $14.76 to $309.71 a share. This stock is now testing it's 200-day moving average. Should this stock close below this key moving average it would indicate lower prices ahead. The next major support area that looks attractive for HUM stock will be around the $290.00 level. This is where the stock broke out in May 2018 and should be very solid chart support when retested.



    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  3. inthemoneystocks

    inthemoneystocks Active Member

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    Citigroup $C Hits Two Factor Support Level

    Shares of Citigroup (C) tagged an epic pivot support form 2015 today as well as the weekly 200 moving average. This two factor support puts the likelihood of a bounce at 85% in the coming month. At a current price of $58.85, investors can expect a bounce back to $64.00 in that time frame.


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    Gareth Soloway
    InTheMoneyStocks
     
  4. Nicho

    Nicho Member

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    The Job Report Is Out, Now Let's Trade: AVGO, LULU, AOBC & More In Play

     
  5. Nicho

    Nicho Member

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    Stocks Futures On A Volatility Roller Coaster: NTRI, TEVA, GILD, BG & More In Play

     
  6. Nicho

    Nicho Member

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    Trading An EKG Market

    Since the October sell off started these markets have seen extreme volatility. This is the complete opposite of what we saw in 2017 when the major stock indexes rallied straight up without a single 1.0 percent pullback session. These days, the markets can trade 1.0 percent or more within a few hours or less. As traders, we now have to adjust to the new environment of much higher volatility.

    There are so many things causing these volatile markets. First, there is the Federal Reserve and the higher fed funds rate. The central bank has continued to raise interest rates as the U.S. economy started to strengthen, but that could be on pause soon after the next rate hike due on December 19, 2018. Second, there is the U.S. / China trade war. Yes, this is a trade war and it is still playing out right now. Markets are tired of the mixed messages and seem to be selling until there is a solid resolution. Third, the European problems continue to remain unresolved as BREXIT and the Italian budget issues remain front page news. Forth, there is the Robert Mueller investigation over Russian collusion and the Trump administration. Fifth, the democrats won the House of Representatives in the mid-term elections. This could lead to more investigations for President Trump in 2019. Six, the falling stock price in Deutche Bank (NYSE:BD) is signaling real trouble for the banking giant and maybe others around the world. Seven, the collapse of General Electric (NYSE:GE). This once iconic company is now a single digit equity trading under $7.00 a share. This hurts market sentiment as many investors had GE in their portfolios. There are also many other issues that seem to be pouring in from many other places.

    Technical trading is now back in full force as people are now abandoning the fundamental picture. So here is the current technical outlook. The S&P 500 (NYSE:SPY) tested the $280.00 area on November 8th and December 3rd. From that technical resistance level the SPY has sold off and is currently breaking below its October 29th low today. There are two more pivot support levels that are now in play and they are the April 2018 lows at $254.67 and the February 2018 lows at $252.92. Most technical traders are watching to see if the institutional money will try and defend these key support levels. At this stage of the correction, traders must simply take it one day at a time. Traders must now also watch for high volume reversal days, that can sometimes signal a meaningful turning point and a possible bid for stocks. This is just one of many things to watch for when trading an EKG market.

    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  7. inthemoneystocks

    inthemoneystocks Active Member

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    Best Sector Buy Alert Into Year End, See It Here

     
  8. Nicho

    Nicho Member

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    S&P Futures Jump On Positive Trade News: GM, F, DSW, SFIX & More In Play

     
  9. Nicho

    Nicho Member

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    This ETF Just Popped Up On My Long Trade Radar

    The iShares U.S. Home Construction ETF (NYSEARCA:ITB) has been under sharp selling pressure since peaking in late January 2018. At that time, the equity traded as high as $46.56 a share, today the ITB trades at $30.83 a share. The current pattern on the charts is still weak and this could indicate a bit more downside before a solid low is formed. When I look back on the larger time-frame charts there should be good support around the $28.00 level. This support area is where the ITB consolidated in 2015 and 2016 before breaking out. Often, when an equity will back test a prior consolidation base it will serve as excellent chart support.


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    Nick Santiago
    InTheMoneyStocks
     
  10. inthemoneystocks

    inthemoneystocks Active Member

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    Stitch Fix Inc $SFIX Tags Major Support Level, Buy Triggered

    Shares of Stitch Fix Inc (SFIX) collapsed over 25% today on the back of poor earnings/guidance. The stock now finds itself trading below $20, down from a 52 week high of $52.50. While it appears to be doom and gloom there is some major light for technical traders. Stitch Fix tagged a major pivot low from June 2018 at $18.40 today. This pivot low signals a likely flush out of weak hands and the bounce signals accumulating by smart money. It would not be far fetched to see Stitch Fix trade back to $25 in the coming months.


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    Gareth Soloway
    InTheMoneyStocks
     
  11. Nicho

    Nicho Member

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    Trading The Market Moving Stocks: AEO, PLAY, HAIN, VZ & More

     
  12. Nicho

    Nicho Member

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    There Is Reefer Madness Going On, Here's The Trade $CGC

    The marijuana industry has been on fire lately. Politicians seem to be pushing more proposals to make recreational marijuana legal. Large companies such as Constellation Brands (NYSE:STZ) and Altria (NYSE:MO) have made large investments in marijuana companies such as Cronos Group (NASDAQ:CRON) and Canopy Growth (NYSAE:CGC).

    Canopy Growth (NYSAE:CGC) is the one marijuana stock that is now on my radar. The stock topped out in October at $59.25 a share. Since that pivot high, the shares have fallen sharply and now trade around $32.80 a share. I will be watching the $26.00 level closely for a possible long side trade. This is where the stock broke out in August 2018 and it should be a level that is defended by the institutional crowd if retested.


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    Nick Santiago
    InTheMoneyStocks
     
  13. inthemoneystocks

    inthemoneystocks Active Member

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    3 Trade Setups, 3 Time Frames Scream 'Profit!'

     
  14. Nicho

    Nicho Member

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    Trading Roller Coaster Market: GE, CIEN, FIVE, DAL & More In Play

     
  15. Nicho

    Nicho Member

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    Alcoa Corp $AA Has Been Crushed, But This Level Looks Solid

    Leading aluminum stock, Alcoa Corp (NYSE:AA), has been under severe selling pressure since April 2018. At that time, the stock traded as high as $62.35 a share. Since that high pivot, the stock has been selling off and now trades at $28.93 a share. The next major support level that looks solid for the stock will be around the $25.00 area. This is where the stock broke out in November 2016. Often, larger time-frame breakout levels will serve as solid support when retested. This should be an area where the institutional money defends the name.

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    Nick Santiago
    InTheMoneyStocks
     
  16. inthemoneystocks

    inthemoneystocks Active Member

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    Expect Micron $MU To Flush One More Time Before Major Buy Level

    Shares of Micron (MU) will likely see one more major flush before a significant bottom is in place. The semiconductor player is getting attractive on valuation but still needs the $32.75 level tagged before the top traders will initiate a buy based on technical analysis. This will likely happen in late December or early January 2019. This level represents multi-factor support pivots and has a high success rate, reaching north of 80%. Expect a bounce as high as $40 from that level.


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    Gareth Soloway
    InTheMoneyStocks
     
  17. Nicho

    Nicho Member

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    Trade Wars Mean Trading Opportunities: COST, ADBE, CSCO, SBUX & More In Play

     
  18. Nicho

    Nicho Member

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    Stock Futures Fall Again, Here's The Trading Action: UNH, HUM, JACK, GS & More....

     
  19. Nicho

    Nicho Member

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    Trading Extreme Volatility, Here's Today Stock Action: ORCL, BA, NAV, DRI & More

     
  20. Nicho

    Nicho Member

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    Epic Level On Crude Tagged At $47.30

    Spot crude collapsed again today, hitting a low of $47.28/bbl. Based on an epic trend line and pivot support, pro traders are buying oil here for a lengthy bounce. Note the chart below. Oil was trading north of $77/bbl just a few months ago, now down almost 40%. This level should yield the first multi-month bounce in crude. Oil could see a move as high as $60/bbl over this period.


    [​IMG]


    Gareth Soloway
    InTheMoneyStocks
     

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