This morning Copper futures are under heavy selling, falling by more than 1% in the premarket. The iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC) will have daily chart support at the following level as noted by the chart below... The first level of daily chart support for the iPath Dow Jones UBS Copper Total Return Sub-Index ETN...
Hello traders, Over the past month, at The Elite Round Table, we earned a net gain of over 30%. This profit was achieved through 23 trades given to our subscribers, as seen here. While that is a great gain in a short period, our goal is not only to give you winning trades, but also teach you how to profit consistently. Let's take a look at a recent trade we...
As the overall markets fall sharply today, the United States Oil Fund LP (ETF) (NYSEARCA:USO) which is a popular ETF that tracks the price of oil has put an extremely bearish pattern in place. Today, the United States Oil Fund LP (ETF) (NYSEARCA:USO) gapped down below a major trend line, triggering a Head and Shoulders top around the $36.92 level. This ETF is...
Looking at the recent Herbalife Ltd. (NYSE:HLF) drama, there is no reason any investor should find themselves in the situation like Bill Ackman placed himself and his investors in. Have you ever let a position go from profitable to a losing trade, without a clear way of managing it? Well, Herbalife Ltd. (NYSE:HLF) is a prime example of why as an investor, you must...
The fattest cat on Wall St. seems to be flying a bit under the radar these days. Wells Fargo & Co (NYSE:WFC) has been quietly rising to become the biggest banks in the world by market cap during 2014. Surprised? Well check out these stats... Considered one of the most conservative banks in the United States, Wells Fargo & Co (NYSE:WFC) has moved up from fourth...
This is why... You see, four years ago when Spain won the World Cup, the iShares MSCI Spain Capped ETF (NYSEARCA:EWP) had come into a major support level on the charts, while making a significant higher low at $29,85 in the monthly chart. Shortly after the nation's team was crowned World Champion of the 2010 FIFA World Cup, the iShares MSCI Spain Capped ETF...
Millions of soccer fans around the world await the most important global sporting event, the 2014 FIFA World Cup. Many media outlets have already started to hype different stocks, as well as statistics about the event. This brings about a question for us traders, who is going to win and how can we profit? As technical traders, who study and trade from the charts,...
As you can see, MSFT Microsoft Corporation (NASDAQ:MSFT) peaked at a high of $41.66, and it is now trading just a little below that high at $40.79. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) recently reached a multi year high of $91.45. However, as noted by the chart above, MSFT has put in lower highs and recently made a new lower low at $38.51, before...
Over the last couple of days the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has been steadily moving higher, making new all time highs. Many media outlets and so call experts are calling for the bull market to continue its rise. However, many cracks are starting to emerge, one must understand these, exercise caution and be ready to trade both sides. Among the...
Recently, I have been approached by a number of friends interested in investing. Most of these friends have never paid attention to the markets, or even invested or traded stocks on their own. Yet, most of these people are interested in one stock in particular. You have probably even heard the recent hype yourself... you guessed right, its the Alibaba's IPO. ...
When looking at the chart of Sirius XM Holdings Inc. (NASDAQ:SIRI), it is not hard to predict who will win this war of becoming the preferred software and music service in everyone's cars. Yes, you guessed right; without a doubt, it will be Apple Inc. (NASDAQ:AAPL). After all, the iPhone is one of the most popular devices among smartphone users. Also, most high...
I expect LOW to trade back down to the $41.65 area pending confirmation below the trend line. Kiliam Lopez Pro Trader, The Elite Round Table www.inthemoneystocks.com
If the IWM catches any kind of a bid and moves up tomorrow this are the levels where you can take a short scalp for a quick profit. $109.65 and $110.25 Kiliam Lopez Pro Trader, Elite Round Table www.inthemoneystocks.com
Tesla Motors Inc (NASDAQ:TSLA) stock has been under heavy selling pressure as of late. After hitting an all time high of $265 in February 2014, the stock has since seen a steady decline, closing at $178.59 on May 7th. You might ask, what has caused such a large decline in the share price? The answer is simple. This latest 10% drop came as a result of earnings and...
Looking at the chart above, we can clearly see that the Market Vector Russia ETF Trust (NYSEARCA:RSX) broke below a major trendline on the weekly chart. But what does this mean and why is it so important? It means that while the markets continue to be indifferent to this crisis, a major war is not out of the question. This chart has been moving sideways for about...