Trimble Navigation Limited (NASDAQ: TRMB)

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. It serves agriculture, architecture, civil engineering, construction, environmental management, government, natural resources, transportation, and utilities industries through dealers, distributors, and authorized representatives worldwide. The company was founded in 1978 and is headquartered in Sunnyvale, California.
To review Trimble’s stock, please take a look at the 1-year chart of TRMB (Trimble Navigation Limited) below with my added notations:

Since August of last year TRMB has grinded its way higher. Over the last 3 months though, the stock has formed a key level of resistance at $40 (red). That resistance is also a 52-week high resistance. After a sharp drop back in May, the stock appears to be headed back up towards its $40 resistance.

The Tale of the Tape: TRMB has a $40, 52-week high resistance level to watch. A long trade could be made on a break above that $40 with a stop placed below it.
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Amazon AMZN Buy Sell or Hold?

With the recent announcement of Amazon’s new phone, shares initially surged but then retraced all the gains today.
Let’s step above the noise and chart a bullish breakout pathway but also balance this expectation with the broader downtrend and potential breakdown bearish price pathway.
We’ll plan trading strategies based on the current price levels and targets.

Starting with the Weekly Chart, we can see the broader price pathway depending on what happens at the current level.
Shares retraced in an “ABC” retracement down from the $400 per share level and now challenge the underside of the 20 and 50 week EMA confluence near the $330.00 per share level.
The current two candles are bearish reversal candles – like shooting stars – with upper shadows scraping against $340.00 per share.
We also saw distribution volume – or strong sell volume – during the 2014 multi-month retracement.
The weekly chart suggests a potential downside pathway away from $340 toward the $300 or even $290 levels.
Before we expect downside action, let’s study bull and bear price pathways as seen on the Daily Chart:

The “Neutral Zone” or focal point is the yellow highlight between the $320 and $335/$340 levels.
We would look to deploy bearish strategies (in alignment with the weekly chart) on a trigger-break under the $320 trendline and 20/50 day EMA support level – a breakdown here would simply target $300 per share then the $290 level.
Otherwise, a trend reversal and bullish breakout price pathway quickly opens above the $340 and $345 per share.
Any clean bullish upside break suggests shares will travel the bullish pathway through “Open Air” toward the prior high from March near $380 per share.
For now, focus on the yellow “neutral” range and be eager to deploy bullish breakout strategies above $345 or else bearish protective strategies under $320.
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Steel Market About To Rally

A few days ago I talked about how commodities tend to perform well near the end of a bull market in the United States stock market. I also pointed out which hot index was going to benefit from this.

In this article I want to bring your attention to the steel market. Using the SLX Steel ETF you can clearly see the bottoming pattern and basing pattern for this commodity.
Currently steel is underperforming the stock market and is vulnerable to lower prices. But if we see a few things come together in the coming days or weeks, this could be a screaming buy.

My technical take on steel is this:

SLX has formed a bottoming pattern from January – mid March. It has since put in a strong impulse rally to make a higher high, and is now consolidating above key support. The RSI (Relative Strength) remains in a down trend, but if this starts to rise and SLX breaks above its recent highs around the $47.75 level I feel steel will start to rally with $50 being the next major whole number and previous high for steel to find some resistance.
Also price has been riding along the 200 day moving average which is acting as support. If price closes a couple of days below the 200 moving average I would consider this to be a bearish sign.

Steel Trading Conclusion:

In short, we are looking for the relative strength to start making new highs. Also we want to see a reversal bar on the SLX chart to the upside which we got on Tuesday. Or you can wait for a breakout and close above $47-48 area. Stop would be somewhere around the $45.75 area to start, then raise it as price rallies using intraday pivot lows on the 30 minute chart.
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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

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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.
Short 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.
TAN Trading Conclusion:
If price closed back below the $39.00 I would consider this bounce/rally failed.
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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)

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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:

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.
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