Thursday, August 21, 2014

Swing Trade Setups Galore: S&P Marches Towards Key Level

Mining For Gold Miners, Agnico Eagle Mines Ltd

The precious metals have come under some decent selling pressure, as GOLD is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is currently holding an up sloping trendline. Should this trendline fail as support then this stock is headed straight for $35.30 and then the very attractive buy level of $33.25. Keep this stock on your radar and use those two levels I have given you to make easy money!

Come trade with us as we provide calls like these from the past month and more. Get our live trades exactly when we enter and exit the markets for profit... step inside the Elite Round Table now and don't look back!

Parm Mann
Elite Round Table
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These Charts Break Above Double Top But Can Be Shorted

Just two weeks ago, the market was collapsing as Russian tension rose. Many sectors and specific stocks were punished far more than the overall market. Quite a few of these plays have rebounded and are now breaking above their former highs. What investors need to understand is that if these plays took a larger hit in the last mini market pullback, they will again be smoked when the markets have a small drop. In other words, investors ran for the hills more quickly in these names and are still skittish. Here are a few of these names that can be shorted in this upper range.

1. Intel Corporation (NASDAQ:INTC): Double Top: $34.85. Current Pice $34.96. Shorting Level: $35.25.

2. Microsoft Corporation (NASDAQ:MSFT): Double Top: $45.75. Current Price: $45.16. Shorting Level: $46.05.

Gareth Soloway

China Small Caps Rip Higher: Eye Other Non Performers...Yet

Many China small cap stocks are ripping higher, finally catching fire on the back of a Shanghai major rally (10%+ lately). Large caps like Baidu Inc (NASDAQ:BIDU) and Vipshop Holdings Ltd (NYSE:VIPS) have already rallied insane amounts in 2014, however, until recently, the small cap China ADR's have lagged, staying near/at their 52 week lows. That is now changing. Look at stocks like China Finance Online Co. (NASDAQ:JRJC) and China Green Agriculture, Inc (NYSE:CGA). China Finance Online is up more than 100% in the last three trading days.

While these mentioned above have rallied too much to be a buy at this point, there are plenty of solid, profitable Chinese small caps that are still trading at or near 52 week lows. Be on high alert. Do research and find those trading on the NASDAQ or NYSE that are profitable and at their recent lows. They may just be the next mega mover.

Gareth Soloway
Chief Market Strategist

Oil Refinery Stocks Run Out Of Fuel

This morning, the important oil refinery sector is coming under selling pressure. Leading oil refinery stocks such as Tesoro Corporation (NYSE:TSO), Phillips 66 (NYSE:PSX), Marathon Petroleum Corp (NYSE:MPC), and Western Refining Inc (NYSE:WNR) are all declining at the start of the trading session. Day traders should watch Tesoro Corporation stock around the $63.15 level. This is an area where the stock should stage an intra-day bounce.

Join us as we guide members to enter and exit the best trades at the best time. Take a look at the calls we have made in our documented performance track record dating back years from now right here. The only thing left to do is to join us and our members as we control our financial freedom now.

Nick Santiago
Chief Market Strategist

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Wednesday, August 20, 2014

Key Charts On The Verge Of A Trade: Market Technical Analysis

Market Rally Is Lacking Energy Select Sector SPDR

The S&P 500 made a low of 1904.78 on August 7, and has basically gone straight up since that day. If you look at the chart, it has formed a perfect "V" and is looking to challenge its all time high of 1991.39. The Nasdaq has definitely lead the charge higher, crossing the 4500 mark for the first time in 14 years! While the markets have moved higher, I notice that the energy sector (as represented by the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has not participated in this rise.
The Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) is a very key sector and was one of the market leaders when the S&P 500 was making new all time highs on a daily basis. The reason for the under performance by this group has primarily been due in large part to the declining price of crude oil, which has fallen by 12% since mid June. This under performance could be foretelling of something that smart investors are not looking at right now. 
So is this energy weakness a buying opportunity?
I have included a chart below showing the weekly chart for the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE). As you can see, it is nowhere near its high watermark of $101.52, which was set back on June 23. Does this mean that the sector will play catch up to the broader indexes? Well with summer winding down and the end of the "driving season" fast approaching, I would suspect further downside could be in the tank. The chart is telling us all this, as it is currently forming a bearish pattern. While these markets have had this impressive rally off the lows, this chart clearly shows it could be lacking the needed "energy" to keep it going.
Come trade with us as we provide calls like these from the past month and more. Get our live trades exactly when we enter and exit the markets for profit... step inside the Elite Round Table now and don't look back!
Parm Mann
Elite Round Table
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United Technologies Bounces: Short It Here, Make Money

United Technologies Corporation (NYSE:UTX) continues to bounce higher. Anytime a stock collapses (like UTX did) and then bounces, it is usually another opportunity to short it. The key is, waiting for the proper chart setup and resistance level. Look for United Technologies to continue higher into next week. If/when United Technologies Corp. hits $112.50, short it. This is a former support level which was broken (now it becomes resistance) as well as the 200 moving average and just above the 50 moving average on the daily chart. Note the chart below of United Technologies Corporation.

Gareth Soloway

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