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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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    Trading Today's Stock Market Action: $GRMN, $CVS, $HLF, $DVN & More In Play

     
  2. Nicho

    Nicho Member

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    No $LUV For This Stock, Watch This Trade Level

    Today, leading airline stock, Southwest Airlines Co (NYSE:LUV), is falling lower by $3.09 to $54.58 a share. The decline comes as Southwest gets a downgrade to sell by Goldman Sachs. The company is also facing a series of negative reports regarding a bunch of issues. The stock is now testing its 200-day moving average, a close below this important moving average would likely signal more downside in the near term. The next major price level that looks solid for support would be around the $48.00 level. This is where the stock broke out of a daily chart base in mid-January. It was also an area that was defended in October 2018, so it has shown institutional sponsorship in that area before and will likely again if tested.


    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  3. inthemoneystocks

    inthemoneystocks Active Member

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    Trade: Incredible Move On The Russell 2000 $IWM May Have Peaked

    The Russell 2000 (IWM) has surged an incredible 25% since the December 26th, 2018 low. This is one of the most insane moves in any index in such a short period of time. While all indicators are flashing overbought, the real story can be seen in the daily chart. The Russell 2000 ETF $IWM is kissing the 200 moving average as well as pivot resistance points from November and October 2018. If there is any pull back, it will come within days on here. A retrace to $150 is the likely first target.



    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     
  4. Nicho

    Nicho Member

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    Lots Of Trading Action Today: A, CAR, GDDY, NLCH & More In Play

     
  5. Nicho

    Nicho Member

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    Wix.com $WIX Got Slammed After Earnings, Watch This Trade Level

    Wix.com Ltd. (NASDAQ:WIX) is a leader in web development platforms that helps businesses and organizations to create and manage their digital presence. The company sold off sharply after reporting earnings on February 20, 2019. The stock peaked before earnings at $125.84 a share on February 19th and is currently trading around the $108.00 level today. It should be noted that the stock ran up into the earnings announcement, so most of the good news was probably already factored into the stock price already. One support area that I will be watching closely to get into the stock will be around the $96.50 level. This is where the stock broke out in early January. Often, stocks that retest their breakout levels will likely be defended when initially tested.


    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  6. inthemoneystocks

    inthemoneystocks Active Member

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    Trade Alert: Intercept Pharma $ICPT

     
  7. Nicho

    Nicho Member

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    Stocks In Play Today, Now Trade! KHC, FSLR, W, ROKU & More

     
  8. Nicho

    Nicho Member

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    Chinese ADR's Jump After Trade Deadline Extended: BABA, JD, MOMO, & More In Play

     
    #1908 Nicho, Feb 25, 2019
    Last edited: Feb 25, 2019
  9. Nicho

    Nicho Member

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    U.S. Cellular $USM Stock Has Been Falling, Here's The Trade

    Leading wireless provider, U.S. Cellular Corp (NYSE:USM), has been falling sharply since February 22, 2019 when it missed on earnings. The stock has fallen by nearly $10.00 from last Friday and is now trading at $47.79 a share. Traders should note that the stock is now trading below its 50 and 100-day moving averages. This decline puts the stock in a weak technical position and will usually indicate lower share prices ahead. Traders and investors should now watch the $42.20 area for important chart support. This level is where the stock broke out In August 2018. Often, a stock will be defended by the institutional money when it back tests its prior breakout level. At this time, the stock is very weak relative to the overall market so it is important to patiently wait for the shares to reach this support area.


    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  10. inthemoneystocks

    inthemoneystocks Active Member

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    Epic Pivot Being Tested On The S&P 500

    The S&P 500 ETF $SPY has rallied more than 20% in the last two months. It is now testing the major pivot highs from October 2018, an epic pivot point. This is resistance, but the markets are strong. Every big trader and institution is watching this level. A break above with confirmation, signals a move to test the all-time highs. If the S&P 500 fails here, a likely 200 point S&P drop ensues. Volume is extremely light in the market over the last few weeks signaling big investors are on the sidelines. That generally is not good for the long-term health of the market. However, near term it means nothing, in fact as long as the light volume remains, the markets could float higher. Note the chart below. I myself am heavily short here for a pull back.


    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     
  11. inthemoneystocks

    inthemoneystocks Active Member

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    Xerox Corp $XRX Topping Tail Signals Pullback Coming

    Shares of Xerox Corp (XRX) have surged 75% since late December 2018. Finally, today there is a topping tail, a bearish indicator that signals a pull back. Pro traders are pulling the trigger on shorts today, looking for a pullback to $27.75.


    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     
  12. Nicho

    Nicho Member

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    Retail Stocks Take Center Stage Today: HD, M, DDS, AZO & More

     
  13. Nicho

    Nicho Member

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    Discovery Inc $DISCA Sinks After Earnings, Watch This Level

    Discovery Inc (NASDAQ:DISCA) is a leading global media company. Today, the stock is falling lower by more than 7.0 percent to $27.12 a share after reporting earnings. Traders and investors should note that the stock is now trading below its 50 and 200-day moving averages. This puts the stock in a weak technical position and further downside is possible in the near term. Traders must now watch the $25.00 area for major chart support. This is where the stock formed a high volume reversal day on January 2, 2019. The $25.00 area was again back tested on January 30, 2019 with very high volume. This signals institutional sponsorship and the stock will likely be defended again at this level if retested.


    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  14. inthemoneystocks

    inthemoneystocks Active Member

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    See This Signal On $BA, Look At This Market Leading Indicator

     
  15. Nicho

    Nicho Member

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    Trade This Stock Action! TOL, LOW, PANW, BBY & More In Play

     
  16. Nicho

    Nicho Member

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    Watch This Trade Level For This Leading Heath Insurance Stock $CI

    Today, many of the leading health insurance providers are coming under sharp selling pressure. The catalyst for the decline in the industry group seems to be related to a proposal from Rep. Pramila Jayapal (D-WA) who wants Medicare for all. Leading heath insurance stocks such as Cigna Corp (NYSE:CI), UnitedHealth Group Inc (NYSE:UNH), Humana Inc (NYSE:HUM), WellCare Health Plans Inc (WCG:NYSE) and others are trading deeply in negative territory this afternoon.

    Over the next week or so I will be watching Cigna Corp (NYSE:CI) closely. The stock is currently testing a key daily chart support level around the $180.00 area. A break of this important support level could lead to further downside in the stock. Traders should watch for major chart support around the $170.00 area. This is where the stock was defended in July 2018 after forming a bearish basing pattern. Often, when stocks rally from a negative pattern that is a sign of institutional sponsorship. I will be keeping this swing trade level on my radar in the near term.



    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  17. inthemoneystocks

    inthemoneystocks Active Member

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    $JCP Earnings: Chart Analysis Says This...

     
  18. Nicho

    Nicho Member

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    Forget The Geopolitical Events, Trade The Charts: $CELG, $BKNG, $SQ, $JD & More

     
  19. Nicho

    Nicho Member

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    Keurig Dr Pepper Inc $KDP Plunges After Earnings, Here's The Trade

    This morning, leading beverage manufacturer and distributor, Keurig Dr Pepper Inc (KDP:NYSE), is falling lower by more than 6.0 percent after reporting earnings. The stock cut below its important 50 and 100-day moving averages today. This fall puts the stock in a weak technical position on the charts. Trader and investors should note the next major support level for KDP stock will be around the $22.00 area. This level is where the stock was defended in October 2018. Often, stocks will have excellent support when they retest an important pivot from the past. I will be watching KDP for a long side trade when price gets down to this level.


    [​IMG]

    Nick Santiago
    InTheMoneyStocks
     
  20. inthemoneystocks

    inthemoneystocks Active Member

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    HP Inc $HPQ Slammed: Here Is The Quick Swing Trade

    Shares of HP Inc (HPQ) tumbled almost 20% on the back of weak sales numbers. The stock is trading at $19.40 on its way to a double bottom on the daily chart. Based on technical analysis, HP Inc will likely cross briefly below $19.00 before staging a technical bounce. This is a quick swing trade, likely playing out in a day or two once the target buy level is achieved. Upside could be as high as $20 but once in-the-money by $0.40, use a trailing stop until $20.00 is hit.


    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     

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