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May 14, 2009

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What's Wrong With The Retail Stocks Today?

This morning, many of the leading retail stocks are trading flat to slightly lower despite the rally in the major stock indexes. Leading retail equities such as Dollar Tree, Inc. (DLTR), Target Corp. (TGT), The Home Depot, Inc. (HD), and Bed Bath & Beyond Inc. (BBBY) are all trading lower on the trading session. It is important to note that the U.S. consumer accounts for roughly 70.0 percent of the gross domestic product (GDP) in the United States. The U.S. consumer has recently been hurt by high oil, and gasoline prices which act as a direct tax on consumer spending. Traders and investors that want to track the entire retail sector can follow the Market Vectors Retail ETF (RTH). Today, the RTH is trading lower by 0.13 cents to $58.47 a share. Traders should note that the RTH has near term daily chart support around the $57.00, and $55.25 levels. Nicholas Santiago InTheMoneyStocks  (Apr 29, 2014 | post #1)

Personal Finance

Facebook Bear Flag Signals Coming Drop: Enjoy

Facebook Inc (NASDAQ:FB) has a classic bear flag that is forming under the 20 moving average on the daily chart. This is one of the better patterns you will see and ultimately tells of much further downside on the stock. Even today, the stock is underperforming a market that is flat. Facebook is trading at $68.21, -0.98 (-1.42%). Key supports will be $58.85 and $53.45. Gareth Soloway InTheMoneyStocks  (Mar 19, 2014 | post #1)

Personal Finance

Adobe Systems Bear Flag Daily Chart

Adobe Systems Incorporated (NASDAQ:ADBE) has a classic bear flag on the daily chart. This is coming off of a reversal candle from last week. These signals show a very bearish setup for the coming days. Also, please note that Adobe is flat on the day while the markets are nicely higher. This is another weak signal to pay attention to called relative weakness. Look for a down move into next week the potential to reach the $61.00 level on a larger drop in the markets. Gareth Soloway inTheMoneyStocks  (Mar 6, 2014 | post #1)

Day Trading

NFLX Tumbles Like A House Of Cards

Leading streaming movies and TV content provider Netflix Inc (NFLX) is declining sharply today. It seems the stock is falling after a federal appeals court struck down the FCC's Open Internet Order which had prevented Internet Service Providers from charging Internet content providers fees. The stock was immediately downgraded by Wedbush. Short term day traders can watch the $305.15 level for intra-day support. This is just a day trading level and not a long term support area. Nicholas Santiago InTheMoneyStocks  (Jan 15, 2014 | post #1)

Personal Finance

Inside The Charts: Why Silver And Gold May Go Much Lower

Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the Federal Reserve signals no stop to their bond buying program known as quantitative easing (QE). The charts probably give us the most unbiased view of where these metals are going. Neither chart looks healthy. Looking at the charts of the SPDR Gold Trust (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) shows the ugly reality. Recently both charts have broken to the downside below major trend line support. The 2013 lows are all but a lock at this point and gold still has a chance over the next year to hit $1,000 an ounce. Gareth Soloway InTheMoneyStocks  (Nov 19, 2013 | post #1)

Personal Finance

Sentiment Is Extremely Bullish: Reasons For Caution

The markets are hovering around the flat line today as our politicians haggle and measure the size of their third legs. With an approval rating south of 10%, congress still appears to be unable to reach an agreement on the debt ceiling. While this may be the case, all I have heard all day is how strong the markets appear to be and how this is insanely bullish going forward. David Tepper was on CNBC today pumping the buy the market mentality. I think it is important to note that the last time David Tepper appeared on CNBC the markets popped, then collapsed. It was almost a perfect "Tepper Top". With all this bullish sentiment and the markets apparent inability to go lower, I am more cautious than ever (at least until a deal is in place). If there is one thing I have learned in my years of trading and investing, it is the contrary view. When the masses and media are pumping the markets, a pull back is soon to be had. The same thing goes for the downside. When fear and panic grip the markets and the media is spreading it like butter, look for a market rally. Even with this bickering in the House and Senate, the markets are near their all time highs. The markets are not pricing in any chance of a default. While I agree we will not default, I would not be surprised to see a sharp sell prior as things get darkest before dawn. In many ways the markets are what will ultimately force the hand of these annoying and ignorant politicians. One this is for certain, I look forward to seeing how this script turns out. Gareth Soloway InTheMoneyStocks  (Oct 15, 2013 | post #1)

Personal Finance

Baidu Inc Breaks Out, Heads For This Target

Baidu Inc (NASDAQ:BIDU) has broken out today. The stock had resistance at a gap fill price of $145.00. That has now been taken out. The next major level of resistance on BIDU is $152.00. Should it be hit in the next two days, a good shorting opportunity would arise. BIDU is a Chinese ADR. It has run from below $90 to its current level in less than three months. A truly amazing move as it appears the Chinese economy is recovering. When euphoria is at its max, the top will be in. Matched up with this great double top at $152.00, a great risk/reward short can be had. The pull first target would be at $145.00. Gareth Soloway InTheMoneyStocks  (Sep 11, 2013 | post #1)

Top Stories - Wall Street

Chevron Bounces Hard After Alert Given: More To Come

Yesterday, I alerted everyone of a major level on Chevron Corporation (NYSE:CVX). This level dictated a bounce higher and was a near term long. Sure enough, the stock is trading up over a Dollar from that alert and more is coming. If you bought yesterday on the posted article, you are enjoying great gains today. Cheers! The stock should continue to bounce higher to a near term target of $122.00. Enjoy the profits folks. This is what it is all about. I am neither a long term bull or bear, just a swing trader who hops on the short side and long side when the charts alert it. Gareth Soloway InTheMoneyStocks  (Aug 22, 2013 | post #1)

Personal Finance

Cloud Stocks Report: Profits In The Sky

Since October 4, 2011 the major stock market indexes have soared sharply higher. This October rally has been one for the record books. Obviously, short covering from the European bailout news has helped this stock market trade higher over the past four weeks. The leading technology stocks have benefited greatly from this stock market surge. This week we shall look at three leading stocks in the cloud computing sector that have soared to overbought levels. As we all know, overbought stocks can certainly remain overbought for extended time periods. However, in this report we will reveal the levels where pullbacks are likely to occur, and trading opportunities will be presented. F5 Networks Inc (NASDAQ:FFIV) is a leading computer networking company that uses cloud technology. This stock has soared sharply higher since October 4, 2011 when the stock traded as low as $70.21 a share. Last week, the FFIV stock closed at $107.63 a share. It is safe to say that this tech leader is very extended and overbought at this time. The stock is coming into an important gap window resistance around the $110.00 area. The next major resistance areas will be around the $112.25, $117.00, and $122.50 levels. Should this stock pullback and consolidate before moving higher traders should watch for near term support around the $98.50, $93.40, and $89.00 levels. Take these levels, place them on your charts and look for the stock to react at each level. Riverbed Technology Inc (NASDAQ:RVBD) is another leading networking and cloud computing stock. On October 4, 2011 the stock was trading as low as $18.33 a share. Last week, the stock closed at $29.04 a share. This stock is extremely overbought and extended at the moment. Therefore, a pullback or consolidation can occur at any time now. Should RVBD stock trade higher from its current price traders should watch for important resistance around the $29.25, $33.00, and $35.50 levels. If the stock does pullback from its current level traders should watch for near term support around the $26.40, $25.00, and $23.50 levels. Rackspace Hosting Inc (NYSE:RAX) is a leading internet hosting company that utilizes the leading cloud technology. This stock traded as low as $30.34 a share on October 4, 2011. Since that time the stock has surged higher, closing at $42.47 a share on October 28, 2011. What a rally! The stock broke out of a sloppy one week base on October 26, 2011. Traders should watch for near term resistance around the $45.75, $48.00, 52.00, and $56.25 levels. Should the stock pullback from current levels there will be near term support around the $39.50, $37.90, and $36.40 areas. Nick Santiago InTheMoneyStocks.c om  (Oct 31, 2011 | post #1)


Major Pivot Right Here Will Predict Next Move

The markets opened sharply higher as fears subsided across the globe. European markets saw some calm and the U.S. indexes surged higher into the stock markets open. Since the 9:30am ET open, the markets have faded continually all morning long. As the lunch hour arrives, the S&P 500 is flirting with the flat line. The couple hours will determine whether or not this market collapses over the next few days. The SPDR S&P 500 ETF (NYSE:SPY) fell to a low of $112.65. This was the master gap fill level from the close on Friday. If the markets break through the lows of Friday and close below, the market will ultimately have another leg down and retest the pivot double bottom at $110.25. Again, the current level on the markets is insanely key to whether or not the markets inch higher in the coming days or head to the lows from two weeks ago. This is the pivot point of pivot points. Gareth Soloway InTheMoneyStocks  (Aug 22, 2011 | post #1)

Day Trading

never fall in love with a stock

Many times traders fall in love with stocks. They feel as if they actually are a part of a club or organization. This is very far from the truth. The traders motto is "stocks are for trading not loving." Do any of the CEO's know the small share holder? The answer is simply no. Instead traders want to take advantage of the price action of a stock by using the chart. For example, look how INTC traded higher on earnings and faded right from the gap higher. This is telling you that traders do not believe INTC should be at that price are are taking profits or selling short. This is a way the market talks to us. Then on 10.22.09 INTC hits the 60 minute 200 moving average and gets a sharp 1 point bounce. Then on 10.30.09 INTC makes a double bottom pattern and has a nice quick bounce. There are endless opportunities when you understand how to read the charts like the Pros. Remember stocks are not for loving, just trading. It is critical to always use stops and to move your stop in the money to secure profits. By learning the key tools that the InTheMoneyStocks traders use everyday (Price, Pattern, and Time) you will place yourself on the road to prosperity and begin to see the markets in an entirely new light! See the chart here: http://inthemoneys e_archive_single.p hp?id=70  (Nov 3, 2009 | post #1)

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