Rant & Rave Blog

Market Analysis Inside Track: What To Buy And When To Short

Posted by Gareth Soloway Wednesday, April 16, 2014, 02:57PM ET

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Can IBM's Chart Foretell Its Earnings Reaction Today?

Posted by Gareth Soloway Wednesday, April 16, 2014, 02:50PM ET

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International Business Machines Corp. (NYSE:IBM) is set to report earnings after the market closes today. Investors around the world are wondering how it will react. If only there was a way to tell ahead of time, millions of Dollars could be made! There may be a way that most investors do not know about. This way is simple and can be done by looking at the daily chart of IBM.

 

First, look for the recent move in IBM. Has it risen dramatically over the last month, fallen dramatically over the last month or is it neutral? On the daily chart of IBM (shown below), you can see it has risen dramatically. That is a bearish sign into earnings. Essentially, it means the stock has already factored in good earnings. Anything less would mean a decline in the stock. Next, look for other bearish signals to confirm. If you look closely, you can see a topping tail on the daliy IBM chart. This is still valid and should give us a high percentage probability that the stock will decline on earnings. We will wait and see. Please note that nothing is 100%. Just like any trade, it is all about making a high reward, low risk bet with many factors in your favor.

 

Gareth Soloway

Chief Market Strategist

www.InTheMoneyStocks.com

 

This Is How You Become The 60 Minute Trader!

Posted by InTheMoneyStocks Wednesday, April 16, 2014, 02:49PM ET

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LOWER RATES HURTING THE INSURANCE COMPANIES

Posted by parm Wednesday, April 16, 2014, 12:41PM ET

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Since the beginning of the year, the yield on the 10year note has seen a decline from (3.036%) to a low of (2.579%) of February 3, 2014. (Currently around 2.644%)

 

This seems to be taking its toll on the financial sector, and in particular the insurance stocks. They have been under performers this year so far with names like AFL, HIG, MET and PRU all down more than the S&P 500. Lower rates are a negative for these companies as it hurts their earnings. So if rates continue to fall, coupled with a weaker overall market the insurers could be hit with a double whammy.  

 

We will keep an eye on these names and the overall financial sector and see if yields continue to head lower. Join myself and 5 other Pro Traders as we give out our live trades as they happen in the Elite Round Table. Click here to check it out.

 

Parm Mann

Elite Round Table

This Is How You Make Big Profits As A Day Trader

Posted by kristof Wednesday, April 16, 2014, 12:18PM ET

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As a day trader you must keep the odds in your favor. Today, I personally only took a few scalp trades in this slower session, as the markets are waiting on the Beige book. So, when you are looking for trades in a market where there is almost no action; you must enter only the stocks which have multiple factors in your favor - this is how you increase your winning odds in a slow market. 

 

For example, this morning I Scalped BIDU for an easy, but modest $50.00 profit in seconds. The move in the stock was $1.50. Even if you bought only 500 shares of this stock, you are making great profits. But let's go over this trade here and why I liked it. I noticed BIDU was piercing the 10min chart 200 ma, with the lighter volume, I knew that the 50ma would not be touched. My entry on this trade was $151.15, and it worked out for a nice gain. To summarize, on lighter volume or lacking action days in the markets, cut your share size down, and look for multiple factors to increase your odds of success.

 


Join our Elite Round Table and get the exact live swing trade alerts as we enter and exit the markets. Check it out here, Elite Round Table

 

Kristof De Block

Elite Round Table 

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