May The Force Be With You, Salesforce.com, inc.

September 15, 2014

High beta stocks are on the move today, and not in the good direction for longs. Salesforce.com, inc. (NYSE:CRM) is also seeing red as there is news of some insiders selling in recent days. The stock had been down well over 3% earlier and this is coming on the heels of a decent decline on Friday. As a pro trader I look at the chart and I see a potential entry point to go long Salesforce.com, inc. (NYSE:CRM) for a quick bounce to snatch profits. The level I have zeroed in on is $55.75. This level is slightly below the moving averages and there is a gap which looks like it wants to be filled. I will be looking out for this to happen tomorrow as there is a proprietary time count I am watching for, which will also increase the odds of the bounce. If Salesforce does not get to this level tomorrow then I will look for an entry point somewhere near the bottom of this channel which I have drawn out for you on the chart below. Have this chart on your radar for tomorrow and get ready to pocket some quick cash.

 

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

Wild Market Action As Tech Collapses: Trade Alerts And Levels Here

September 15, 2014

High Beta Stocks Collapse: Netflix, Twitter, Facebook

September 15, 2014

High volatility stocks are taking a beating today as many are looking to reduce risk. The Federal Reserve will release their FOMC Policy Statement on Wednesday at 2pm ET and Scotland will be voting on its independence on Thursday. There is worry and an expectation that the Federal Reserve will adjust their language to insinuate an interest rate hike is closer than the market is expecting. Should the Scotland vote for independence pass, it will make waves in the currency and debt markets. With markets near all-time highs, smart traders are selling high beta names like Netflix, Inc. (NASDAQ:NFLX), Twitter Inc (NYSE:TWTR), Facebook Inc (NASDAQ:FB).

 

Gareth Soloway

Chief Market Strategist

www.InTheMoneyStocks.com

 


Quick Trade On Facebook Inc.

September 15, 2014

Facebook Inc. (NASDAQ:FB) has had a solid run over the past year as one of the Nasdaq market leaders. However, today FB is showing good weakness on the charts as traders appear to be taking profits ahead of an expected volatile week in the markets. Facebook Inc. (NASDAQ:FB) had a nice intraday bounce off the trend line you see below. Now, if this line breaks on an hourly chart, the stock could have a nice sell off into the $71.50 level. Take note of the chart, get ready for the trade…

 

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Evan Poechman

Elite Round Table


Minecraft This Intra-day Level For Microsoft Corp

September 15, 2014

This morning, the leading tech stock Microsoft Corp (NASDAQ:MSFT) confirmed that they would be buying software company Mojang AB for $2.5 billion. Mojang AB is the company that brought the popular Minecraft video game to market. Microsoft Corp is hoping to boost its Xbox video game console with the acquisition. Today, Microsoft Corp stock is trading lower by 0.34 cents to $46.36 a share. Day traders should watch for solid intra-day support around the $45.90 area. This is a level where the stock is likely to stage a bounce today.

 

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

Major Events This Week, Trade The Action

September 15, 2014

GoPro Inc Head & Shoulder Alert

September 12, 2014

Note this head and shoulder pattern on GoPro Inc. When it breaks the upsloping trend line, the stock should flush to a calculated target of $62.00 within days. It is right on the line now, the key is to watch for it to break. This is a classic bearish pattern.

 

Gareth Soloway

Chief Market Strategist

www.IntheMoneyStocks.com

 


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