Thursday, June 19, 2014

Get Ready For The Precious Metals And Miner Breakout

from Financial Survival Network
Chris Vermeulen, a.k.a. The Gold and Oil Guy, is convinced that the precious metals correction has nearly run its course. He sees the smart money starting to pour into the mining stocks. The base is nearly complete and prices should start going up shortly.
He’s also upbeat on commodities and sees plenty of upside there. He’s wary of energy and believes it could go way higher or crash, time will tell.
Click Here to Listen to the Audio
Please share this article

Solar Energy Sector ETF TAN Breaking Out – How to Trade It

During the past couple months several indexes, sectors and commodities have sold off more than 10 – 20%. But now some are looking like new buying opportunities. Over the next week I will bring a few of these trades to your attention as they start to unfold.
Today we are looking at the TAN solar ETF. This sector recently had a 23% hair cut in price. A 20-25% correction in price is a typical intermediate correction for a fast moving sector. The price correction has pulled the sector down to its 150 and 200 simple day moving averages. These levels tend to act as long term support for investors, a buying point.
Many of the individual stocks within this sector are starting to pop and breakout of bullish price patterns. These individual stock prices point to higher prices for TAN going forward.
Be aware of crude oil…. I do think that as long as the price of crude oil stays up solar stocks will continue to rise overall. But if oil starts to roll over and break down, TAN will struggle.
My Technical Take on The Chart:
Big picture analysis shows a powerful uptrend with bullish consolidation.
Intermediate analysis shows a falling bullish wedge, test of moving averages, and a reversal breakout pattern.
tanShort term analysis shows we are at a resistance level and we will likely see a pause of pullback over the next few days before it goes higher.
TANshorttermTAN Trading Conclusion:
If price closed back below the $39.00 I would consider this bounce/rally failed.
Please share this article

CommVault Systems (NASDAQ: CVLT) : Tech Bargain Could Soar 40%

When CommVault Systems (NASDAQ: CVLT) was founded roughly 25 years ago, corporations were only beginning to grasp just how hard it would become to manage far-flung internal networks. CommVault initially had modest hopes of delivering a few key software tools, on a platform known as Simpana, that could help IT managers archive, search and restore key corporate databases.
We now know that such networks have become remarkably large and complex as the era of cloud computing takes root. And such complexity has paid off for CommVault in the form of rising demand.   (more)

Please share this article

Wyndham Worldwide Corporation (NYSE: WYN)

Wyndham Worldwide Corporation provides various hospitality services and products to individual and business customers in the United States, the United Kingdom, the Netherlands, and internationally. The company operates in three segments: Lodging, Vacation Exchange and Rentals, and Vacation Ownership. The company offers its hospitality services and products under the Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites, Tryp by Wyndham, RCI, The Registry Collection, Landal GreenParks, Novasol, Hoseasons, cottages4you, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club, and WorldMark by Wyndham brand names. Wyndham Worldwide Corporation is headquartered in Parsippany, New Jersey.
To review Wyndham’s stock, please take a look at the 1-year chart of WYN (Wyndham Worldwide Corporation) below with my added notations:
1-year chart of WYN (Wyndham Worldwide Corporation)
Since the beginning of the year WYN has essentially been trading sideways while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. WYN’s rectangle pattern has formed a $75 resistance (blue) and a $70 support (green). A break above $75 would also be a new 52-week high.

The Tale of the Tape: WYN is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $70, or on a breakout above $75. The ideal short opportunity would be on a break below $70.
Please share this article