The Buy Price On Facebook I Am Dreaming About

March 27, 2014

Facebook Inc (NASDAQ:FB) has been taking a beating in the last few weeks. The stock topped out at $72.59 before dumping to a low today of $57.98. This is a dramatic $17.61 (24%) fall. So where does this become a no brainer buy? The level is $53.25 if it hits in the next three trading days. This level is based on a key gap fill as well as a time factor. Some of you may ask why it must hit it in the next three trading days? That is the time factor which is unbelievably important to any profitable trade.

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Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com


Restaurant Stocks Signaling A Weak Consumer

March 27, 2014

Many of the leading restaurant stocks have come under selling pressure recently. Generally, when the restaurant stocks decline it will signal to traders and investors that the U.S. consumer is cutting back on spending. Everyone should know that U.S. consumer spending accounts for roughly 70.0 percent of the U.S. GDP (gross domestic product). Remember, following the leading restaurant stocks will often give traders a good sense of what the economy is doing.

Some of the leading restaurant stocks that have declined recently include Yum! Brands, Inc. (YUM), McDonald’s Corp. (MCD), Starbucks Corporation (SBUX), and Chipotle Mexican Grill, Inc. (CMG). All of these leading restaurant stocks still have further downside potential on the daily charts.

The near term daily chart support level for YUM stock should be around the $70.00 level. SBUX stock has potential downside to the $68.00 area according to the daily charts. CMG stock should find daily chart support around the $541.00 level, so this leading stock still has further downside to go. All in all, this weakness in the restaurant sector is likely telling us that the U.S. consumer has lost some of their discretionary income in 2014.

Nicholas Santiago
http://www.InTheMoneyStocks.com


The USD/JPY Chart Is Keeping Markets Buoyant

March 27, 2014

Sharp Market Sell: Dollar/Yen Collapse And What It Could Mean

March 26, 2014

Gold Hits Key Level: Time For Some Shiny Profits

March 26, 2014

Gold has fallen for about two weeks straight. It is now into a solid support level. This level is not only a gap fill on the SPDR Gold Trust (NYSEARCA:GLD) but also the 20 and the 50 moving averages. These two moving averages make up a necktie, which is a strong technical support level. The signals are saying a bounce in gold is coming. This is a short term trade, not a long term investment. Lock and load.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com


Hot IPO’s Are All The Rage, Warning Sign Or Better Times Ahead?

March 26, 2014

This morning, the hot initial public offering (IPO) that opened for trading on the New York Stock Exchange was King Digital Entertainment plc (NYSE:KING). This company is in the mobile gaming space and almost everything in technology sector has been rallying over the past few years. So it is understandable why the banking would price the offering at the high end. The IPO was priced at $22.50 a share, but the stock is now trading around $20.45 a share which is about 9.0 percent lower than the offering price. It is safe to say that some shareholders are not too happy right now. At this time, this IPO can be considered a flop, but the coming days will tell us much more.

As many of you know, there is a long list of high flying companies that are looking to come public over the next few months. Most of these companies do not make any money currently, but the stock market has been on fire so it makes sense for these companies to try and go public. In the past, when this type of IPO euphoria has occurred it was always a warning sign of a stock market that was filled with hot money looking to put in something. Just look back at 1999, and 2007, companies were becoming public by the minute hoping to cash in. Does anyone remember when the popular private equity firm Blackstone Group L.P. (NYSE:BX) rushed its IPO out in the public market in June 2007? That so-called hot IPO flopped and signaled a top in the stock market. As you might know, the stock market topped out on October 7, 2007 which was just four months after the Blackstone IPO.

Some companies that are looking to become public soon include Grubhub Inc (NYSE:GRB), Tarena Intl Inc ClA ADR (NASDAQ:TEDU), 2U Inc (NASDAQ:TWOU), Rubicon Project Inc (NYSE:RBU), and Aerohive Networks Inc (NYSE:HIVE). Many of these stocks mentioned are in the cloud computing space, but there are many more potential IPO’s in other sectors that are looking to come public very soon. If history has taught us anything, these so-called hot IPO’s could be warning us that this stock market is frothy at best and possibly warning us of some sort of top in the stock markets.

Nicholas Santiago
http://www.InTheMoneyStocks.com


Today’s Morning Trades: FIVE, MOV, BID, & More

March 26, 2014