Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
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:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
View InTheMoneyStocks.com's Instablogs on:
  • Splunk Inc Will Be Sunk At This Level

    Today shares of software maker Splunk Inc (NASDAQ:SPLK) are soaring by around 20% as the company came out with earnings and guidance that the street is loving. The stock had a gap up higher and has basically gone up all day with minor pullbacks, which are probably points where traders and investors are taking profits. As a pro trader who makes a living from day trading and swing trading by utilizing charts, I see an extremely interesting level where money can be made on the short side. I have isolated $56.45 area as stiff resistance for Splunk Inc (NASDAQ:SPLK) to stall out. This level has been singled out using proprietary techniques and will be where I step up to short this high flyer.

    (click to enlarge)

    Parm Mann
    InTheMoneyStocks.com

    Tags: SPLK
    Aug 29 12:40 PM | Link | Comment!
  • Amazon.com, Inc. Weekly Pattern Could Profit Longs

    The stock price for Amazon.com, Inc. (NASDAQ:AMZN) hit an all time high of $408.06 back on January 22, of this year. This equity was considered to be the teflon play on Wall St. It seemed like anybody who tried to short it was met with a rude awakening, as the share price just kept climbing higher. Anyone who ever tried to come up with a fundamental case against its valuation, was also made to look foolish.

    However, 2014 has not been so kind to Amazon.com, Inc. (NASDAQ:AMZN). After making a peak earlier this year, the share price came off in a big way, and the darling status that had once surrounded Amazon was a distant memory. All the bears came out of the woodwork and it seemed like everyone who had been giving CEO, Jeff Bezos a pass in the past, was quick to start criticizing his every move. The negative sentiment actually pushed AMZN well into bear market territory, as it tumbled 30% from its highs! On May 9 2014, the stock hit a low $284.38, and has had quite a move higher. Since that low was made, AMZN shares have actually gained about 20%. That is a healthy increase for any investment, but the best might be yet to come.

    As a professional trader who uses technical analysis for a living, I look at the AMZN chart and there is a very interesting pattern forming on the weekly time frame. This pattern is known in the technical world as a "head and shoulders pattern." Now this trade has not triggered yet by confirming the pattern (confirmation is what the smart trader will wait for before acting on this pattern. Far too often the amateur will enter before the pattern has confirmed - save your money and learn confirmation which is a proprietary tool of the PPT Strategy), but if it does, Amazon.com, Inc. (NASDAQ:AMZN) stock could get bid back up to all time highs with a target of $450. So while a 20% gain is nothing to snicker at, the real move higher to make money is yet to come.

    (click to enlarge)

    Parm Mann

    InTheMoneyStocks.com

    Tags: AMZN
    Aug 29 9:42 AM | Link | Comment!
  • Quick Analysis For Trading Apple Inc. Now

    Stock charts are our tool for locating great trades in the markets before the general public, talking heads in the media and so many others. Reading the charts right will enable you to trade stocks with a consistently higher percentage for winning compared to any other means of analysis. Charts will also allow you to eliminate all emotion and noise, giving you a clear view on the stocks future direction.

    Now let's take a look at the Apple Inc.(NASDAQ:AAPL) charts and see what it is telling us...

    September will bring a new Iphone launch by Apple Inc. (NASDAQ:AAPL). Now with all this AAPL pumping on CNBC and other financial programs, it makes me start to get interested on the opposite side of the trade, the short side. Just 2 years ago we touched an all time high on Apple, now we are making new highs again today. This recent rally has spanned the period of 20 weeks. By any means, the charts are indicated that an opportunity for making money on the short (downside) is in the cards. I will be waiting and ready for this trade to present itself next week. Yes AAPL can still go higher, but the near-term high will be around the corner. I can see Apple Inc. (NASDAQ:AAPL) going back to $90 a share on this classic buy the rumor sell the news trade, which is clear as day when looking at the chart!

    Kristof De Block
    InTheMoneyStocks.com

    Tags: AAPL
    Aug 28 10:35 AM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

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.