Thursday, February 11, 2016

Here’s Why Cineplex Inc.: CGX Should Be a Core Holding

Cineplex Inc. (TSX:CGX) once again impressed investors with solid results that show increasing attendance and strong performance out of every segment. Here are five trends that lead me to believe that Cineplex should be a core holding in your portfolio.
Strong box office revenues
Box office revenues represented 59% of total revenues in the quarter and 52% of revenues for the year. Revenues increased 13.8% in the fourth quarter and 5.7% for the full year. Breaking this number down, fourth-quarter attendance increased 7.1%, and box office revenue per patron increased 6.3%.  (more)

5 Battered Private Equity Stocks to Buy for a Big Bounce: BX, KKR, CG, APO, OAK

One of the best opportunities in the public equity market right now is in, as strange as it may sound, investing in private equity.
About a decade ago, a slew of the largest and best-run private equity firms starting going public. This was due in good part to let the founders — including investing legends such as Leon Black, Henry Kravis and Henry Schwarzman — create personal liquidity but also benefit by raising capital when stock market performance was strong.
Lately though, the market has been struggling royally, and the PE space has been no exception. Anything related to finance has become a four-letter word, and the stocks of the largest private equity firms have suffered disproportionately. While the market is down around 10% in 2016, the best and brightest PE firms are down much worse — percentages range from the mid-teens to the low 20s.  (more)

Wednesday, February 10, 2016

OI: Owens Illinois, Price Bullish Engulfing Pattern, RSI Breakout, MACD Crossover, Almost There

ANY: Sphere 3D, Above 50DMA, Price and RSI Breakout

Top Picks from Christine Poole: GOOG Alphabet, HD:Home Depot, and CGX:Cineplex

Christine Poole, CEO & managing director, GlobeInvest Capital Management
FOCUS: North American Large Caps
The risk-off trade is dominating equity markets. Recession fears, emerging markets contagion, and crude oil price swings are some of the factors tempering investor enthusiasm for equities. Undeniably, the collapse in energy prices has significantly, negatively affected economic conditions in regions which are overly dependent on energy revenues. Investor angst about the oil markets and impact on the U.S. economy, however, appear to be excessive. (More)

Tuesday, February 9, 2016

RBA: Ritchie Brothers Auctioneers, Bullish Breakout

ZAGG: ZAGG , Bullish Breakout on Good Volume

50X Your Money is Coming for some Gold Stocks – John Kaiser Interview

Bullish of gold and dollars: Dennis Gartman

Dennis Gartman, The Gartman Letter, explains his bullish outlook on gold and the dollar and the best move for investors to make.

Jaw-Dropping Indicator Last Seen During Great Depression Just Hit An All-Time High! / February 08, 2016
On the heels of the Dow plunging nearly 400 points at one point during today’s trading session, and with gold surging and oil falling, today a jaw-dropping indicator that was last seen during the Great Depression just hit an all-time high!
But first, let’s start with an important quote from last Friday:
“I continue to be somewhat surprised that all the destruction that has occurred in the stock market thus far hasn’t led to a wide open break, but the pressure continues to build and I think a big dislocation is as close to a certainty as those things can ever be. I realize that is a pretty bold statement on my part, as such events are quite rare, but in this case it is a virtual slam dunk, for reasons I have reiterated many times.” — Bill Fleckenstein 2/5/2016


Monday, February 8, 2016

TZA: Direxion Daily Small Cap Bear 3X, Getting Ready For Next Leg Up?

CHRS: Coherus BioSciences, Showing Signs Of A Bottom

CFX: Colfax Corp. Bullish Uptrend, One Small Step At A Time

SLW: Silver Wheaton Bullish Breakout Confirmed, Can It Continue?

US Weeky Economic Calendar

time (et) report period ACTUAL forecast previous
  None scheduled        
6 am NFIB small business index Jan.   -- 95.2
10 am Job openings Dec.   -- 5.4 mln
10 am Wholesale inventories Dec.   -- -0.3%
10 am Janet Yellen testimony        
2 pm Federal budget Jan.   -- -$18 bln
8:30 am Weekly jobless claims 2/6
283,000 285,000
10 am Janet Yellen testimony        
8:30 am Retail sales Jan.   0.1% -0.1%
8:30 am Retail sales ex-autos Jan.
0.0% -0.1%
8:30 am Import price index Jan.   -- -1.2%
10 am Consumer sentiment Feb.   92.0 92.0
10 am Business inventories Dec.   0.3% -0.2%

Friday, February 5, 2016

NRG: NRG Energy, Getting Ready to Break Out to Higher Prices?

TCK: Teck Resources Breaks Out, Are Higher Prices Ahead?

CORN: Teucrium Corn Fund, WEAT: Teucrium Wheat Fund , Stocks to Watch

The bull market in stocks is over.
But a new bull market might be getting started in another sector.
Let me explain...
Agricultural commodities – or "ags," as traders like to call them – have been beaten up over the past four years. The price of wheat, for example, is down 50% since it peaked in 2012. Corn is down 60%.
But the recent action in these ags has been positive. And the charts are setting up for a new rally phase.
Take a look at this chart of the Teucrium Corn Fund (CORN), an exchange-traded fund ("ETF") designed to track the price of corn...(more)

NetEase Inc (NASDAQ: NTES)

NetEase, Inc., through its subsidiaries, operates an interactive online community in the People’s Republic of China. The company operates in three segments: Online Game Services; Advertising Services; and E-mail, E-commerce and Others. It offers massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers across China, as well as through wholesalers, Internet caf├ęs, software stores, supermarkets, bookstores, newspaper stands, and convenience stores primarily in Guangzhou Province, Shanghai, and Beijing.
Take a look at the 1-year chart of NetEase (NASDAQ: NTES) with the added notations:
1-year chart of NetEase (NASDAQ: NTES)
After repeatedly struggling to break the $150 level (red) back during the summer of 2015, NTES finally broke through that level this past November. The stock peaked around $185 and has since pulled back to the old $150 breakout point. NTES has found support at $150 a couple of times over the past couple of weeks, but yesterday the stock closed just below that mark.

The Tale of the Tape: NTES failed to hold its $150 support yesterday. A trader could enter a short position near $150 with a stop placed above the level. If the stock were to break back above the $150 level, a long position might be entered instead.

Wednesday, February 3, 2016

DD: DuPont Still Below Downtrend Line But Looks Promising

URBN: Urban Outfitters Getting Ready to Breakout

HCA: HCA Holdings, Bottom finally in Place?

Buckle Inc (NYSE: BKE)

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The company operates stores under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its Website, As of March 24, 2015, it operated 462 retail stores in 44 states.
Take a look at the 1-year chart of Buckle (NYSE: BKE) below with my added notations:
1-year chart of Buckle (NYSE: BKE)
BKE’s trend has been very simply a down one. However, over the past few months the stock has created a key level of resistance at $28 (green), which you can see was a key support back in November and December. A break above that $28 level should mean higher prices for the stock, and last week BKE finally broke that resistance.

The Tale of the Tape: BKE broke through its key level of resistance at $28. A long trade could be entered on a pull back down to that level. However, a break back below $28 could negate the forecast for a higher move and would be an opportunity to get short the stock.

Stocks Retesting the January Lows

North American markets found support in mid-January after three weeks of sharp declines. However, after a brief rebound, those key support levels are expected to be retested again in February.
The S&P 500 has bounced off of the 1860-1875 range three times in the last 6 months.

Now that the rebound rally has stalled and rolled-over, the index is expected to retest the support range again over the next week or two.

The Dow Jones Industrial Average bounced off of the 15,500-15,750 range in January, as it did last August.

With the recent roll-over, the Dow is now expected to pullback to those levels over the next few weeks.

NASDAQ has also rebounded from a previous low (4,292 in August) last month. We anticipate the index will retest the 4,300-4,400 band over the next few weeks.

For the TSX, the mid-term trend still remains down. The index has posted a series of lower lows and lower highs over the last 8 months.

The most recent trough in January, produced a short-term bounce that has now stalled and rolled-over.

We believe the Canadian index will retest the 11,900-12,000 zone again in the next few weeks.

Bottom line: The U.S. markets are expected to retest significant support levels over the next 1 to 2 weeks.

The TSX should also find underpinning at the mid-January support level.

Note: Should the indexes break these key support levels, the projected outlook would be another 8% decline below the key support levels.

Tuesday, February 2, 2016

Gold Stocks Are Conforming to The 1986, 1992, 2000 and 2008 Lows
The trade has been perfect.  In this weekend’s video, I show the charts of the bottoming formations at the 1986, 1992, 2000 and 2008 lows.  In each instance spikes up occurred after final lows (+30%, +30%, +51% and +15%).  Thus far we have advanced 22%. The 1986 and 2000 markets are the closest fit bear markets to ours.  Each advanced 30% during these short-lived but violent rallies which would project to 129.00.

It is important to note that once these flurries to the upside were complete, sharp but very short-lived sell-offs occurred.    In 1986 and 2000, both markets retraced 56%.  If we were to replicate this pattern, our market will give back half of whatever the ultimate gain is.  This will be another excellent buying zone.

Reward-risk multiples?  I start this video by showing how the bull markets unfolded once final lows were in place and what the implications of this are on profitable investment and speculative positions.   Click on image for video.
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PLAB: Photronics Getting ready For a Move on Volume