Friday, June 24, 2016

GLOG GasLog Bullish and Oversold, Indicators Turning Back Up

BCOR Blucora, Breakout With Indicators Confirming

INST Instructure, Looking Bullish But Volume Still Low

MU Micron Technology, Nice Breakout, Looks Good Long Term

Shocking Interview from a Legend on Brexit and the Global Chaos That is Coming

from King World News
Today a legendary trader and investor gave King World News an interview that was quite shocking about what surprise action to expect in gold and global stock markets the aftermath of the Brexit vote. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Below are the warnings and predictions issued by Sperandeo.
Victor Sperandeo: “The key is that Breixt isn’t really a legal vote, it’s an advisory vote. If “leave” wins by a small margin and there is a stock market crash, there is a printing press to buy that crash and global stock markets will come right back. The reason for that is because the vote to leave is more advisory. This is what people don’t understand. Meaning, it’s just an advisory vote to leave but it’s not mandatory for Great Britain to leave the EU.
Continue Reading at…

Wednesday, June 22, 2016

S Sprint, Still Bullish For Now, Needs to Close Above $4.20 on Heavy Volume

MSFT Microsoft, Wait For the Breakout With Indicator Confirmation

WHR Whirlpool, Wait For the Breakout and Indicator Confirmation

GOOGL Alphabet, On Strong Support Now Indicators Need To Turn Up

Too Late for Government Regs to Cool Real Estate Market. Ross Kay June 20, 2016

SentimenTrader Issues Extremely Important Update on the Gold Market

from King World News
With continued consolidation in the gold and silver markets, below is an extremely important update on the gold market that was just issued by SentimenTrader.
From Jason Goepfert at SentimenTrader: “The Optimism Index on gold has moved above 75 for the first time since 2011, a troubling level. That’s especially true since “smart money” commercial hedgers have moved to a near-record net short position against the metal. It suffered a key reversal day as sellers rejected a new 52-week high on June 16, but those one-day patterns have been inconsistent predictors of further weakness. Even so, we consider the market to be high-risk.
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Monday, June 20, 2016

RCL Royal Caribbean Cruises, Bounce Off Fibonacci Retracement, Indicators Turning Up

DLPH Delphi Automotive, Bounce Off Fibonacci Retracement, Indicators Turning Up

CBB Cincinnati Bell, Barrons Rated It a BUY, Breakout of Long Term Resistance, Very Bullish

XLU Utilities Sector Fund, Breakout, 52 Week Highs, Strongest Sector

XLF Financial Sector Fund, Broke Support and Bearish Indicators

US Weekly Economic Calendar

time (et)

report period ACTUAL forecast previous
  None scheduled    
10 am Janet Yellen testimony        
10 am Existing home sales May   5.60 mln 5.45 mln
8:30 am Weekly jobless claims 6/18
270,000 277,000
8:30 am Chicago Fed national index May   -- 0.10
9:45 pm Markit PMI flash June   -- 50.7
10 am New home sales May   560,000 619,000
10 am Leading indicators May   -- 0.6%
8:30 am Durable goods orders May   -0.7% 3.4%
8:30 am Core capital goods orders May   -- -0.6%
10 am Consumer sentiment June   94.3 94.3