Tuesday, September 30, 2014

Oil, Silver Collapse, Options Alert, Market Analysis

Options Alert: Monster Buyer On CORN

Some big player just bought a crap load of CORN January 2015 call options with a strike of $25. For an option contract that trades maybe a few hundred a day, today the volume has exploded to over 23,000 before 2PM ET. Something is up. This may mean a bottom has finally been reached on Teucrium Corn Fund (NYSEARCA:CORN).

Disclosure: I bought these CORN options.

Gareth Soloway
Chief Market Strategist

Hong Kong Unrest May Trigger BIDU Mega Sell

Bearish daily and intra day charts are on watch for a break of this level. Should it happen, Baidu Inc (NASDAQ:BIDU) will dump hard to a potential target of $200.00. This would be just under a 10% correction. The unreal and civil protest going on in Hong Kong could be a trigger, if not continued weaker global and China economic data. See the level below.

Gareth Soloway
Chief Market Strategist

Solar Flares Are Everywhere: First Solar, Inc, SolarCity Corp

This morning, two leading solar stocks are coming under heavy selling pressure. First Solar Inc (NASDAQ:FSLR), and SolarCity Corp (NASDAQ:SCTY) are both trading around critical support levels on the daily chart. Solar stocks are likely coming under pressure recently due to the weak oil market. Today, light sweet crude is falling lower by $3.00 to $91.50 a barrel.

FSLR stock is trading lower today by $1.46 to $66.05 a share. This level was the break-out area in early August so it will be very important for FSLR stock to hold this level. Any break of this level with volume behind it could signal a decline down to the $56.00 area.

Today, SolarCity Corp (NASDAQ:SCTY) stock is trading lower by 0.94 cents to $60.26 a share. This stock is clinging to the $60.00 level over the past week. Any significant decline from here on volume should send the stock lower. The next major support level for SCTY stock is around the $52.00 level, so there is a lot of potential downside from the current level.

Are you ready to enter the next winning trade when it presents itself? Take a look at our recent trades in the Research Center track record here. Then step up and get on the right side of the trade; enter the Research Center for 7 free no obligation days and view all of the latest calls live right now.

Nick Santiago

GoPro Inc Ready To Go Down Big

Another new all time high for GoPro Inc (NASDAQ:GPRO) seems to be the phrase every single day. The maker of action and adventure cameras is defying all the odds and destroying anyone who has been able to short this name. However, as we know what goes up must come down and GoPro Inc (NASDAQ:GPRO) will prove to be no exception. You might be wondering where are the best levels to step in and buy GoPro stock. The levels I have isolated as the best money making levels are $82, $71 and then way down to $63.50. I also have some more levels in between but those will be reserved for Elite Round Tablemembers only. You might be thinking these levels for GoPro Inc (NASDAQ:GPRO) are a fair distance away, but keep in mind that this stock has had such a parabolic rise that when it falls it will drop 10-20% in a single day. Be on the right side of the trade and profit like a professional.

If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here.

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

Do Not Chase Himax Technologies, This Is Why

Yesterday, shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) had a strong performance in a weak market. This price action is a sign of relative strength for the stock. At this point in time, many amateur traders and investors are chasing Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), as it has moved from a low of $5.70, to a closing of price on Monday of $9.82. However, the smart investors and traders think different. As the general population often looks to chase a strong move, or gets sucked into the hype which lags the real price action of a stock; the professionals who do this for a living as we do, take a different approach.

The first thing to do is start looking for levels of resistance to either take profits if already in the trade, or to find resistance points at which to sell short the stock and profit as it pulls back. Let's take a deeper look into the HIMX chart...

I isolated a few levels on Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) that can be utilized to take profits, or with the right pattern sell this equity short. As seen on the chart below, please note that Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is already nearing the first resistance point at $10.05, the second resistance level will be at $10.91, and finally the third and major resistance level will be at $12.15.

If you're already long Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) those are levels to watch for signs of weakness and take some money off the table, while trailing your stop. If you're not already holding this stock, and you are looking for a shorting opportunity, the best levels to do so will be the 2nd and 3rd levels mentioned previously, depending on how Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) gets there. Remember, that for these levels to be strong and give us a high rate of success, there are factors such as; Pattern and Time that must align perfectly with Price. Without considering these factors, the levels may not present as high profit potential as they otherwise would.

I will be monitoring the price action in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) and will alert our members of a possible trade if we get the right factors in place. Being patient and only taking the best set ups is what allows us to maximize profit and have big gains in trades, just like this recent 9% gain in Yahoo! Inc. (NASDAQ:YHOO) which was given to members along with precise entry and exit levels live as we were trading it. In the same manner of which we give all of our member trade alerts, we gave everyone time to enter this trade or take profits on this Yahoo! Inc. (NASDAQ:YHOO) as seen here. Be ready for the action join us here at the Elite Round Table and don't miss out on the next big trade.

Kiliam Lopez
Elite Round Table

Trade Today's Action: WAG, F, DWA

Monday, September 29, 2014

Quick Trade On Suncor Energy Inc.

Suncor Energy Inc. (NYSE:SU) has been a weak link for the Energy sector since mid-June, when it topped out at $43.49. With crude oil coming into some good support, I have isolated a major level to trade Suncor Energy Inc. (NYSE:SU). If and when SU trades down to the $35.00 level I will be looking to get involved on the long side of the trade. Keep this level on your charts, if/when SU makes it down there, consider other factors to ensure it is still a great level, and take the trade!

Evan Poechman

Live Trade Bought Friday, Sold Live Today: Market Action With Profits!