Seeking Alpha

InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
View's Instablogs on:
  • United States Steel Corporation Looking Ripe To Short

    Shares of United States Steel Corporation (NYSE:X) are on the move higher today to the tune of 9%. The steel maker said its Canadian subsidiary filed for bankruptcy and also said Q3 earnings are projected to be "significantly higher" than the consensus estimates. While this news is very good and obviously being received with cheers, the contrarian in me is looking in the opposite direction and is ready to short this name. United States Steel Corporation (NYSE:X) stock has raced higher by 100% in just 3 months! That is an astonishing move for any company, let alone a company with a multi-billion dollar market cap. With this big run in the stock, one has to start to think a lot of this news is getting priced into the share price and this push could be considered an exhaustion move. The level I have narrowed down as significant resistance is around $49. There are a few proprietary indicators right around that area, so this is where investors and traders can look to profit. Mark this level on your chart and get ready to make money on the short side.

    (click to enlarge)

    Parm Mann

    Tags: X
    Sep 17 12:17 PM | Link | Comment!
  • General Mills Inc Gets Eaten Up

    This morning, leading processed and packaged foods manufacturer General Mills Inc (NYSE:GIS) is coming under selling pressure after reporting earnings. Today, the stock is trading lower by $2.17 to 51.01 a share. General Mills Inc reported lower-than-expected quarterly profit and revenue. Last week, the company announced that it would buy organic food producer Annie's Inc for about $820 million to boost their presence in the organic food market. Traders and investors should watch for intra-day chart support around the $50.10 level. This level was major support in late July 2014 and is likely to be support again when retested. Traders should expect an intra-day bounce around this level.

    Nick Santiago

    Tags: GIS
    Sep 17 11:59 AM | Link | Comment!
  • Roll Snake Eyes With Las Vegas Sands

    Las Vegas Sands Corp. (NYSE:LVS) is a leading casino operator who has had a rough 2014. The stock topped out in March, at $88.28 and has been steadily selling ever since. This points to major problems in Macau where most of their business is conducted. As you can see from the chart below, I have isolated a prime level to trade Las Vegas Sands Corp. (NYSE:LVS) on the long (buy) side. As you can see, LVS has a weekly gap fill, 200 Moving Average and 618 fib retrace. Therefore, to an active investor and trader like myself, this level is a no brainer long play for a straight shot down. Knowing and recognizing the best and most optimal points to enter a trade is of utmost importance. I know that by reading the charts properly I can achieve a high win to loss ratio, this means I have financial freedom and you can do the same.

    Evan Poechman

    Tags: LVS
    Sep 16 4:07 PM | Link | 2 Comments
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.