active 5 months, 1 week ago
inthemoneystocks wrote a new blog post: Stocks Collapse: Key Levels, Targets & Proprietary Analysis 2 months ago
The markets are reversing more than 100% of the bounce up yesterday. Yesterday was a bounce day following the biggest drop in the markets in five months. Technically speaking, this market is in trouble. Anytime the up day, sandwiched between two down days is just a retrace bounce, it is not good. In addition, the [...]
Barrick Gold Struggles: Key Level Revealed
The price action in Barrick Gold Corporation (NYSE:ABX) is not great considering gold is bouncing today. Barrick Gold is trading at $19.64, -0.14 (-0.71%) while the SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading at $133.39, +2.08 (1.58%).
The weakness in Barrick stems from a recent downgrade as well as a downside target [...]
inthemoneystocks wrote a new blog post: Funds Will Go Under On Gold/Silver Crash: Buy Gold Now? 2 months ago
While I have predicted a move to $1,200-$1,300 on gold, many hedge funds have been buying this metal constantly. With the leverage these funds utilize, mass losses and redemptions may drive many out of business.
I like gold down here now for a short term bounce. I am in the SPDR Gold Trust (ETF) (NYSEARCA:GLD) [...]
This morning, many of the leading home-builder stocks are selling off at the start of the trading day. Earlier, the NAHB’s monthly confidence index signaled a decline in home-builder confidence. This was the third consecutive decline in this number. The home-builder stocks were one of the top industry groups in 2012. So far this important [...]
inthemoneystocks wrote a new blog post: Walmart Is Going To Be A Short: Great Level Revealed 2 months, 1 week ago
Wal-Mart Stores, Inc. (NYSE:WMT) has just crossed the 52 week high level and made a new all time high. The current price is $77.91, +0.62 (0.80%). The level of $78.00-$79.00 represents a great shorting opportunity for many reasons, listed below.
1. Major trend line of resistance at $78.00-$79.00. Connect the high from 1999 to 2012. [...]