Tesla CEO Says Stock Overvalued

August 29, 2013

Elon Musk says stock is overvalued. Wall Street thus far ignores it but the smart investors are listening.

‘I really feel like the valuation we have right now is more than we have any right we have to deserve honestly’ said Elon Musk on CNBC yesterday. Elon Musk is the CEO of Tesla Motors Inc (NASDAQ:TSLA). If you are long, these are not the comments you want to hear from the CEO of any publicly traded company. He should be the LAST one to admit the company is overvalued.

It does not take a genius to look at the chart and note it is up 400% year to date. This is a major overshoot and with Elon Musk finally saying what everyone has been thinking, the stock should start coming back to reality. I am somewhat surprised the market has not crushed the stock 10% already but the massive short interest is probably helping keep it a float.

Anytime a CEO makes a statement like that, beware. I give all the credit in the world to the stock price and its massive run up, as well as to Elon Musk. But common sense must prevail eventually. The market will start to note his comments and understand they carry more weight than any analyst.

Gareth Soloway
InTheMoneyStocks.com<


Need To Know: Pivotal Time Frames

August 29, 2013

WATCH THE TIME OF DAY FOR PIVOTAL MOVES
Presented by Nick Santiago October 26, 2009 08:35AM

Often most stocks and indexes will reverse or pivot from their initial move around one of the pivotal time frames. The first of these major pivotal time frames is 10:00 am, or first half hour of trading. While this time frame is pivotal, it is not 100% and does not cause the same reaction every trading day. Therefore, it is always important to put it together with  another resistance level or possibly a pattern to increase the odds of a short term trend change. Through considering the time frame along with multiple factors such as price and pattern, you will determine which time frame is most relevant. The next pivotal intraday time frames are 10:30 and 11:00 am ET, however, they are minor. The time frames during and after lunch are also minor. The major afternoon time frames are 2:30 pm, 3:00 pm, and 3:30 pm. Understanding these time frames and what makes them major or minor at a given moment is key to profitable trading. Experiment with the time frames and you see how often these are good turning points throughout the day.


Alert: Mega Bounce On ICICI Bank Limited On Horizon

August 28, 2013

ICICI Bank Limited (NYSE:IBN) is an Indian bank. The Indian stock market has been crushed and this stock has fallen with it. This is one of the largest banks in India. ICICI Bank has fallen from $48.44 in May to its 52 week low of $24.94 today. The stock opened sharply lower and reversed. This reversal near the $24.50 major double bottom from 2011 shows a possible near term mega bounce in progress.

The bounce on ICICI should take the stock all the way back to $30.00. This opens up a great risk reward trade in the near term. Cheers!

Gareth Soloway
InTheMoneyStocks.com


Live Lessons From The Trading Room…

August 28, 2013

Do not miss out on your chance to get Nicks exclusive morning Gap Trades emailed to you for the whole month of September. This is the first time ever he will be giving these trades to those who are NOT members of the Intra Day Stock Chat – take this as your chance to get involved in the action! Click here to reserve your space on this exclusive list.


In this video you are granted intimate access to our live trading room, the Intra Day Stock Chat. Listen as our Chief Market Strategists, Gareth Soloway and Nick Santiago talk to members and offer invaluable advice and how you can trade consistently, protect profits and most importantly, profitably for life! Do not trade against the Pros, join them, step inside our live trading room for FREE


Syria, Oil, XOM & CVX

August 28, 2013

Morning all. Markets flat as all eyes continue to watch the Syria situation. It will be interesting to note how the market handles the coming holiday + the various issues. Oil stocks look strong today with XOM/CVX leading.


Michael’s One Year Anniversary: InTheMoneyStocks Review

August 27, 2013

Michael Z. celebrates his one year anniversary as a member by providing his InTheMoneyStocks Review! Some of his video highlights include Paying for a year of the Research Center with one trade and he tells you what stock it was in the video. Also how he earns $100-$200 in profit in the first hour of trading everyday” and how you can too!

Listen close to this and other InTheMoneyStocks Reviews left by our members, there is not much more that needs to be said. Over the past 6 plus years, here at InTheMoneyStocks, our Chief Market Strategists, Nick Santiago and Gareth Soloway have enlightened thousands of traders and investors around the world, enabling them to achieve financial freedom. Their track record speaks for itself, in 2013 thus far if you took every trade in the Research Center you would have earned over 200% return… their accuracy is unmatched, and their passion to help member achieve their goals is set in stone.

If you have not already become a part of our multiple thousand membership base (who we like to call our Family), then your time is now. Step inside the live trading room, our Intra Day Stock Chat or our swing trading/investing service the Research Center for 7 FREE no obligation days right now! There is no time like the present to take control of your financial freedom!

Here is Michael’s InTheMoneyStocks Review…


JPMorgan Trend Line Breaking: What It Means

August 27, 2013

JPMorgan Chase (NYSE:JPM) has broken through a major trend line stretching all the way back into 2012. This tells of further weakness in the stock as well as the general market. Just be aware, as this market inches into the holiday weekend, they could float the general market before further downside. Please note the chart below to see the trend line break. Near downside support would be the 200 moving average at $49.25.

Gareth Soloway
InTheMoneyStocks.com