Trade Today’s Action: WAG, F, DWA

September 30, 2014

Quick Trade On Suncor Energy Inc.

September 29, 2014

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, I will also alert members of the Elite Round Table exactly when I do. 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

Elite Round Table


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

September 29, 2014

GoPro CEO On CNBC: Reasons Why This May Be The Top

September 29, 2014

GoPro Inc (NASDAQ:GPRO) hit $89.00 today. This is a triple from the IPO. All because of a water proof camera. While we all must tip our hats to a meteoric stock rise, logic and sense should take over at some point. The CEO is set to be on CNBC after 1PM ET today. If history repeats, this will be the top. Let’s look at other reasons as well.

1. Past major CEO interviews have marked the top on stocks. An example in recent history would be Tesla Motors Inc (NASDAQ:TSLA). Recently Elon Musk was interviewed. The stock collapsed.

2. GoPro volume will be the highest ever today. A huge volume day where the stock is at epic levels usually signals a distribution and top in the stock

3. GoPro just announced a series of new cameras. The hype leading into this usually gets the stock soaring and history has shown us the actual launch, marks a top. Example recent would be Apple with the iPhone just weeks ago.

While this stock has been tricky to pick a top, if there is one, this is going to be the spot. Truly an epic move. Watch what the stock does after the CEO is interviewed on CNBC.

Gareth Soloway
InTheMoneyStocks.com


Channeling Profits With Google Inc

September 29, 2014

For the last couple of months Google Inc (NASDAQ:GOOGL) has been trading in a channel. The channel basically started back in early August at a low of $567.45 and since then the stock has been going up and down in this range. Each time the lower end of the band is tagged, the stock gets a bid higher. When Google Inc (NASDAQ:GOOGL) hits the upper end, traders take profits and the equity has a subsequent sell off. As you can see from the chart below, today was no exception as the stock gapped down to the low end of the channel and buyers came in to give the stock a boost. If this channel does break, then Google Inc (NASDAQ:GOOGL) stock is headed straight for the daily 200ma. However, if the pattern plays out then this stock could be headed for the 52 week high of $614.44. Have this pattern on your charts and channel some good money.

 

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

Occidental Pete Corp Continues To Slide

September 29, 2014

Traders and investors should note that most of the leading energy stocks have been declining sharply lower since August. Leading independent oil and gas producer Occidental Pete Corp (NYSE:OXY) has been one of these stocks that have been pulling back. Swing traders should now watch the $93.75 level as important near term support. This is an area where the stock should stage a bounce. This level was where the stock formed a six month base earlier this year before breaking out to new all time highs. Prior chart bases will usually serve as major support when retested.

 

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
Chief Market Strategist
www.InTheMoneyStocks.com

Know This Costco Wholesale Corp Level

September 29, 2014

Recently, the leading wholesale retailer Costco Wholesale Corp (NASDAQ:COST) has come under some selling pressure. Today, the stock is trading lower today by 0.29 cents to $125.25 per share. Swing traders should watch the $120.70 area as very important daily chart support. This is the area on a COST chart where the stock broke out to the upside in early September. Often, the break-out level on the chart is an area where the stock will be supported by the institutional money in the near term.

 

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
Chief Market Strategist
www.InTheMoneyStocks.com

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