For the last two years SharePlanner has had an open chat-room, which has been free for all. It started off as a basic, run-of-the-mill chat-room where traders came and talked stocks. Ultimately, I wanted it to become more than just a chat-room, but a place where traders could come and find live actionable trading ideas, that included a Trading Cue where we could actually enter our trades and track each other's progress, and over the past year you all have entered over 2,200 trades! That's impressive. In 2012, I introduced some new technology to the chat-room (provided by Trader|OS) that allowed for you to experience real-time streaming charts inside of the chat-room - the only known trading site that had this kind of technology within a chat room.

Now I'm ready to take the chat-room to the next level by incorporating mind-blowing technology with trading expertise. As a result, and in conjunction with Trader|OS we will be launching SharePlanner Pro, a cutting-edge trading platform that will bring to the retail trader all the benefits and advantages that the professional traders and institutions have. Unfortunately the $25,000 annual fee to gain access to many of these institutional platforms is cost prohibitive for independent traders like you and I.

But now you and I will have that advantage with SharePlanner Pro - an all-inclusive platform that allows us traders to gain access to high quality information and actionable trade ideas and thereby leveling the playing field between institutional and retail traders. 

This new platform will free me up tremendously to where I can be 100% dedicated to trading the financial markets and working with you the trader to educate, teach, and succeed at trading. 

We will be charging a fee for this service, but I am confident that with this service you'll exponentially increase your ability to successfully navigate the markets, and also be able to cancel current services with other sites you'll likely no longer need (i.e. charting platforms, access to premium financial cable broadcasts, and watch-list services). 

In essence, you'll be getting all of your trading services and more wrapped up into one service, with me by your side, fully dedicated to seeing you succeed as a trader. 

I know for some of you, you'll be upset by the fact that we are changing things around, but I can assure you, I wouldn't be doing this if it didn't benefit all of us in the process. 

For those who are currently subscribed to our investment system, one of the perks of SharePlanner Pro is that we'll wrap that service into it, so that by subscribing to SharePlanner Pro, you'll also be receiving the SharePlanner Investment System as well. 

I am very, very excited about the upcoming changes, and wouldn't have done it unless it brought greater value to our trading community that has made this place such a special gathering for traders to come together, learn and venture into the crazy workings we call the stock market. 

So when we launch this product next week, on June 4, 2012, the chat-room will be decommissioned, and you'll need to subscribe to SharePlanner Pro, and with it, you'll receive a 14-day free trial offer. You'll also be receiving an email before then detailing the product offering with the price and all the details of what comes with SharePlanner Pro.

All the best to you all, and I am truly excited!

Ryan Mallory

Co-Founder of SharePlanner

What you have below are three stocks that I found that are trading well below their book value (in some cases as much as 1/4). But what you also have on the chart is some potential breakout plays that are developing. 

So this is an example of where fundamental analysis can easily be coupled with technical analysis for some legitimate trading opportunities. My thesis in the cases below is that once they breakout, they won't be like just any kind of breakout, instead they will be fueled by the fact that they are fundamentally undervalued and likely to create a far greater buying demand at their key technical breakout levels. 

Here Are 3 Undervalued Stocks Ready For The Breakout.

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Spain is still a problem, as price is trading down on this Spanish ETF during intraday trading on Tuesday morning (in contrast to other Foreign ETFs in my list), as well as on the Spanish Stock Index, as shown on the Daily chart below.
On the index, price has dropped below its recent consolidation...a further drop looks inevitable.

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We have a promising setup for a decent bounce on SPX but it has been failing at the first decent resistance so far. It may not get any higher, but I think it's too early to write it off altogether yet. We also have a possible triangle forming on SPX and if we don't see a break up today, then rising support from the low and triangle support is just... Read more...

Economic Reports Due out (Times are EST): S&P Case-Shiller HPI (9am), Consumer Confidence (10am), State Street Investor Confidence Index (10am), Dallas Fed Manufacturing Survey (10:30am)

Premarket Update (Updated 8:30am eastern):

• US futures are moderately higher ahead of the opening bell.
  
• European markets are trading mixed/flat. 
  
• Asian markets finished 1% higher. 
  

Technical Outlook (S&P 500):

• Choppy session on Friday, that ended up seeing the market sell-off into the afternoon. 
• Daily chart of the S&P shows me that we are merely forming another bear-flag pattern. 
• The 10-day moving average was tested on Friday for the third time in the past four sessions and still did not manage to close above the declining resistance level. 
• Four-day bounce from last week has  pushed the S&P towards short-term overbought. Weekly chart we remain oversold. 
• Nearest level of resistance for the S&P is at 1340 and then again at  1357. 
• 1294-5 becomes the key support level for the bears to push below. After that we have a support area at 1275. 
• VIX is still elevated and rests above 20
• 30-minute chart shows some consolidation finally, and the potential for a higher-low. 
• S&P is trading below the 10-day, 20-day and 50-day moving averages.

My Opinions & Trades:

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by Ryan Mallory