3 Stocks I Saw on TV- NTDOY, INTC, NXPI (July 12, 2016)
Every night we watch the same shows, Fast Money and Mad Money, and we want to USE those ideas the grow OUR money. Well good trading takes more than just punching the buy button, the next morning, to get the stocks you saw on TV last night. I’m here to help you make money on THESE 3 stocks I saw on TV.
I’m starting with Nintendo ( OTCMKTS:NTDOY ) here. Seriously, if I hear the word Pokémon one more time I’m going to stick an icepick in my ear. I am so tired hearing about Pokémon. I even blocked the word on my Twitter account. The bottom line is this, I guess everybody is just that crazy about Pokémon. So what happens to Nintendo ( OTCMKTS:NTDOY )? Big, massive move yesterday. Now, you never want to buy something like this, not when it’s up here, especially if it’s Pokémon. The bottom line is though, this is a stock that you need to be selling into. Not as a market timing deal, but just as a risk management thing. I mean, keep in mind, it’s Pokémon. So the stock is up here, a little gap up this morning.
By the way, what do you think about playing Pokémon while you’re in your autopilot Tesla, going above the speed limit? (Just thinking out loud.) So the stock closes down here. It actually gapped up in the morning, it gapped up Tuesday morning, and then traded down. I think this is an important deal. I think this is a really important dynamic. Because it shows that there was some follow-on buying this morning from the lemmings who thought they could get in on a good deal. The stock only went from 21.00 up to 30.00, so they’re going to get in on a good deal. Instead the stock pulls back. I think you’ve got to sell this. Again, just as a function of risk management. If you’re long, don’t be long by the time you watch me cover Intel ( NASDAQ:INTC ).
Hey! Here’s Intel ( NASDAQ:INTC ). Cramer talked about Intel ( NASDAQ:INTC ), he had some technical analysis on Mad Money last night or earlier tonight, whenever you’re watching this. Here’s the thing: He’s really bullish on Intel ( NASDAQ:INTC ). He’s bullish on the semiconductors, and that’s fine. We’ll just look at this, SMH ( MUTF:SMH ). Great! Check this out, Boom! Look at the way the semiconductor index trades with the S&P 500, they’re about synonymous, they trade in perfect sync. So if the S&P 500 is going to hold this breakout semiconductors are going to hold the breakout. Intel ( NASDAQ:INTC ) is the big dog of the semi-conductor space, so he’s bullish on Intel ( NASDAQ:INTC ).
I’m cautious on Intel ( NASDAQ:INTC ), as a trader. First of all, they report earnings in 8 days, on the 20th. Next, you’ve got resistance here. Now, if you’re long the stock and you’re bullish on it, well, stay long, don’t let me get you out of it. Not a problem at all. But if you’re wondering whether you should buy this stock, I’ll just say, the stock came out of this little squeeze, this congestion pattern, is now breaking higher, so if you are buying it here, how much more will the stock go, because you don’t get credit for this part of the move, you have to start right here. So how much higher will this stock go before it’s likely to get some kind of a pullback? My point is, I just think this is a risky time to be buying Intel ( NASDAQ:INTC ).
NXP ( NASDAQ:NXPI ). Cramer likes this as well. He was looking at MACD, and money flow, and this and that. Honestly, I’m just looking at the price pattern, and support and resistance. First, the weekly chart, I’ll be honest, it’s a mess. I can’t make sense out of it. There, the Wizard of Oz has stepped out from behind the green curtain. I can’t make sense out of this to a point to where I have an edge. This is a stock that’s trending lower. It broke out of the downtrend, new high relative to the last one. The red line here is the 40-week or 200-day moving average, but it fell back to that 200-day moving average and actually broke it decisively, so this is a higher low.
And so okay, is the path of least resistance up? Probably, but lets look at it this way, again, I just care about making money. And I’m looking at this, they don’t report earnings until August 3rd, so there is a ways to go. This is just a lot of resistance for this stock to chew through. Buy it at 80.61. How far up into the red box is it going to go before it kind of peters out? So I’m just saying, this is a risky stock to buy right here. I’m not telling you to avoid doing it. I’m just saying, with this kind of chart, I could bang through any number of stocks and get the same, sloppy, sloppy, sloppy.
3 Stocks I Saw on TV Free Chart