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jonnisilver 8 posts  |  Last Activity: Oct 8, 2014 2:29 PM Member since: Feb 9, 2011
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  • In the last few weeks we have seen the markets roll over. It has taken down many stocks and many sectors and First Solar, Inc. (NASDAQ:FSLR) is no exception. The stock is down almost 20% from its high pivot on September 12 of $73.78. The stock of First Solar, Inc. (NASDAQ:FSLR) is starting to get into good levels of support, and now is the time when traders need to step up and get long this equity. The great support level which I am zeroing in on is $57.75. That is where First Solar should see mass buyers coming in, giving the stock a nice pop in price. Keep this stock on your radar and profit.

    Parm Mann

    InTheMoneyStocks

    Sentiment: Buy

  • Molycorp Inc (NYSE:MCP) is a rare earths play that has been pounded. The stock is trading at $1.31, from a 52 week high of $7.59. This stock is forming a nice technical bottom and will likely see a major pop soon. Below are the three reasons.

    1. On September 11th, 2014, Molycorp Inc (NYSE:MCP) secured $400 million of funding. This means they have enough cash to operate for quite some time before bankruptcy is an issue. If they can reach certain milestones, it is likely more funding will be made available. As Molycorp is trading at near bankruptcy levels, it is undervalued and likely will rise.

    2. Rare earth is a main component of missiles and radar systems. With global conflict soaring, involving almost every major world power, prices are likely to go much higher. This will boost the chance of Molycorp meeting its key numbers and potentially turning a profit.

    3. Per their press release on Tuesday, September 30th, 2014, "Molycorp Announces that its Expanded Leach System Has Now Been Placed Into Service at its Mountain Pass, California Facility". They appear to be on the right course of action, moving towards expanding production just as prices should begin to increase.

    In addition, the chart has obviously bottomed on the daily, signal a technical pop on the horizon.

    Disclosure: I am long MCP calls.

    Gareth Soloway
    InTheMoneyStocks

    Sentiment: Buy

  • 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.

    Parm Mann
    InTheMoneyStocks

    Sentiment: Buy

  • This morning, the leading credit card services company MasterCard Inc (NYSE:MA) is trading lower by $1.12 to $75.53 a share. The stock is selling off after losing a decade long fight over cross-border card fees in Europe's highest court. Swing traders should note that the stock is now trading below its important 50-day moving average. While this chart formation is generally negative for the stock in the near term there will be chart support around the $74.50 level. Swing traders should look for a bounce in MasterCard Inc's stock around that area. This was a level that was defended in early August 2014 so this is where the institutional money will generally defend the stock again.

    Nick Santiago
    InTheMoneyStocks

  • The Boeing Company (NYSE:BA) has bounced almost 10% since it made its pivot low on August 6th, 2014. This has been a fantastic pop as the stock market has surged back towards the all-time highs. If you are looking for the perfect chart level to pull off a swing short, you will find it at $130.00. This level is not only a key pivot high hit back in mid-July but also the daily 200 moving average.

    Gareth Soloway
    InTheMoneyStocks

    Sentiment: Buy

  • Twitter Inc (NYSE:TWTR) continues to be one of the few positive charts in an otherwise dismal market. This longer term (multi-day) bullish consolidation tells smart swing traders that if the market bounces, Twitter will lead the charge. Granted, it is a big if, but this stock should be at the top of the list for longs when a market snap back occurs. If you want a level to look for a break-out, watch for price to get above $44.50 and hold. Please note the Twitter Inc chart below.

    Gareth Soloway
    InTheMoneyStocks

    Image:http://www.inthemoneystocks.com/images/posts/Gareth%20Soloway/TWTR08.07.14.png

  • Twitter Inc (NYSE:TWTR) is consolidating in a bull flag pattern. This should lead to upside. The target is $44.80. Twitter ripped big time after reporting earnings last week. It has since pulled back, hitting the gap window at the lows today. This has solid potential. Note the Twitter Inc chart below.

    Gareth Soloway
    InTheMoneyStocks

    Chart: http://www.inthemoneystocks.com/images/posts/Gareth%20Soloway/TWTR08.05.13.PNG

    Sentiment: Buy

  • Baidu Inc (NASDAQ:BIDU) reports earnings after the market close today. This stock has hit a major level of resistance today at $205. While any stock is a gamble into earnings, this epic move higher into this key level puts the stock at a higher risk of a sell off. Consider that the stock has also rallied from $140 in April 2014 to the high today of $205.50. That is a whopping 47%. I post this not so much as a short signal and trade as a cautionary flag to anyone holding the stock on the long side.

    Gareth Soloway
    InTheMoneyStocks

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