Tuesday, September 2, 2014

WYNN Resorts LTD Craps Out

Yesterday, a report was released that casino revenues missed estimates for the 3rd month. This news is certainly weighing heavily on the casino stocks today. Leading casino stock WYNN Resorts LTD (NASDAQ:WYNN) is trading lower by $7.54 to $185.34 a share. Swing traders should note that the stock is trading below the important 50 and 200-day moving averages. This chart formation puts the stock in a weak technical position. Swing traders should watch for near term support around the $177.00 level. This is an area where swing traders can look for a short term bounce in the stock.

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 right here. The only thing left to do is to join us and our members as we control our financial freedom.



Nick Santiago
Chief Market Strategist
www.InTheMoneyStocks.com

Chevron Corp Runs Out Of Steam

This morning, leading integrated energy stock Chevron Corp (NYSE:CVX) is declining lower at the start of the trading day. Most likely the weakness in Chevron Corp stock is due to early weakness in oil. Chevron Corp stock is trading lower by $1.05 to $128.40 a share. Short term day traders should now watch the $127.90 area for intra-day support. This is a level where the stock will likely be supported by the institutional money. Day traders should look for an intra-day bounce in the stock when this level is reached.





Nick Santiago
InTheMoneyStocks.com

Labor Day Hangover, Here Is Today's Trading Action

Friday, August 29, 2014

Splunk Inc Will Be Sunk At This Level

Today shares of software maker Splunk Inc (NASDAQ:SPLK) are soaring by around 20% as the company came out with earnings and guidance that the street is loving. The stock had a gap up higher and has basically gone up all day with minor pullbacks, which are probably points where traders and investors are taking profits. As a pro trader who makes a living from day trading and swing trading by utilizing charts, I see an extremely interesting level where money can be made on the short side. I have isolated $56.45 area as stiff resistance for Splunk Inc (NASDAQ:SPLK) to stall out. This level has been singled out using proprietary techniques and will be where I step up to short this high flyer.

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Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader

Amazon.com, Inc. Weekly Pattern Could Profit Longs

The stock price for Amazon.com, Inc. (NASDAQ:AMZN) hit an all time high of $408.06 back on January 22, of this year. This equity was considered to be the teflon play on Wall St. It seemed like anybody who tried to short it was met with a rude awakening, as the share price just kept climbing higher. Anyone who ever tried to come up with a fundamental case against its valuation, was also made to look foolish.

However, 2014 has not been so kind to Amazon.com, Inc. (NASDAQ:AMZN). After making a peak earlier this year, the share price came off in a big way, and the darling status that had once surrounded Amazon was a distant memory. All the bears came out of the woodwork and it seemed like everyone who had been giving CEO, Jeff Bezos a pass in the past, was quick to start criticizing his every move. The negative sentiment actually pushed AMZN well into bear market territory, as it tumbled 30% from its highs! On May 9 2014, the stock hit a low $284.38, and has had quite a move higher. Since that low was made, AMZN shares have actually gained about 20%. That is a healthy increase for any investment, but the best might be yet to come.

As a professional trader who uses technical analysis for a living, I look at the AMZN chart and there is a very interesting pattern forming on the weekly time frame. This pattern is known in the technical world as a "head and shoulders pattern." Now this trade has not triggered yet by confirming the pattern (confirmation is what the smart trader will wait for before acting on this pattern. Far too often the amateur will enter before the pattern has confirmed - save your money and learn confirmation which is a proprietary tool of the PPT Strategy), but if it does, Amazon.com, Inc. (NASDAQ:AMZN) stock could get bid back up to all time highs with a target of $450. So while a 20% gain is nothing to snicker at, the real move higher to make money is yet to come.

Come trade with us... Sign up for our free email alerts and get actionable information in your email. Or get access to our live trades exactly when we enter and exit the markets... step inside the Elite Round Table now and don't look back!





Parm Mann
Elite Round Table

Labor Day Trading, Here's Today's Action

Thursday, August 28, 2014

Quick Analysis For Trading Apple Inc. Now

Stock charts are our tool for locating great trades in the markets before the general public, talking heads in the media and so many others. Reading the charts right will enable you to trade stocks with a consistently higher percentage for winning compared to any other means of analysis. Charts will also allow you to eliminate all emotion and noise, giving you a clear view on the stocks future direction.

Now let's take a look at the Apple Inc.(NASDAQ:AAPL) charts and see what it is telling us...

September will bring a new Iphone launch by Apple Inc. (NASDAQ:AAPL). Now with all this AAPL pumping on CNBC and other financial programs, it makes me start to get interested on the opposite side of the trade, the short side. Just 2 years ago we touched an all time high on Apple, now we are making new highs again today. This recent rally has spanned the period of 20 weeks. By any means, the charts are indicated that an opportunity for making money on the short (downside) is in the cards. I will be waiting and ready for this trade to present itself next week. Yes AAPL can still go higher, but the near-term high will be around the corner. I can see Apple Inc. (NASDAQ:AAPL) going back to $90 a share on this classic buy the rumor sell the news trade, which is clear as day when looking at the chart!

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Navigating A Great Stock Trade, Garmin Ltd.

Yesterday Garmin Ltd. (NASDAQ:GRMN) dropped by about 5%, while the overall markets were flat. If you read the GRMN chart, you would have noticed a picture perfect bearish set up.

As highlighted in the chart below, Garmin Ltd. (NASDAQ:GRMN) had a big, red, wide range bar after reporting earnings. This red bar was followed by a classic bearish consolidation pattern. Please note how Garmin Ltd. (NASDAQ:GRMN) moved upward in an angle right into the 50 day moving average, represented by the red line. This price action triggered a technical sell signal on August 25. Today's sell off indicates that Garmin Ltd. (NASDAQ:GRMN) will see further downside.



The levels to watch for support as Garmin Ltd. (NASDAQ:GRMN) navigates lower will be as follow. First and minor level of support is $53.78. Second and possible short term pause/bounce level $50.25. Finally the third and final destination will be $47.17. At this last level traders can go long the stock assuming it gets there without any pauses or consolidation right above the level. Understanding the factors that make this trade high or low probability at the key levels is very important. I will be monitoring this equity and will send long/short alerts depending on the chart set up to our, Elite Round Table subscribers.

For live alerts as well as precise entry and exit levels on stocks of all price ranges, come and join us at the Elite Round Table as we get in and out of the markets before everyone else. For our FREE market moving news and alerts join our mailing list here.

Kiliam L.
Elite Round Table, Pro Trader
@KliiamLopez
http://www.inthemoneystocks.com

BlackRock, Inc. About To Roll Lower

Let's take a quick look at one of the leading investment management firms, BlackRock, Inc. (NYSE:BLK) and find the best place to trade it. Yesterday, the BlackRock (NYSE:BLK) stock had a key reversal day on the charts, even as the overall markets were flat. After the stock made a new all time high during the first minutes of trading, at $337.65, it then proceeded to sell off. The sell off lasted all day long, before catching a small bounce at the lows of $332.00





This kind of pattern and price action on the daily chart indicates one important thing, the extended move of BlackRock, Inc. (NYSE:BLK) might be over. Traders looking to go short this equity can do so at around $333.00 and placing Wednesday's high as a stop loss on a closing basis - which means if you short the stock and it goes above that previous high and closes above, you exit the position for a small loss. However, BlackRock, Inc. (NYSE:BLK) does have a move lower in the cards, and the ultimate profit target for those short the stock should be $314.00.



For live alerts as well as precise entry and exit levels on stocks of all price ranges, come and join us at the Elite Round Table as we get in and out of the markets before everyone else. For our FREE market moving news and alerts join our mailing list here.



Kiliam L.
Elite Round Table, Pro Trader
@KliiamLopez
http://www.inthemoneystocks.com

The Money Making Info Is In These Charts