Wednesday, April 10, 2013

Chart of the Day - Senior Housing Properties (SNH)

The Chart of the Day is Senior Housing Properties Trust (SNH) and had gains in 17 of the last 20 trading sessions for an increase of 8.50%.  The Trend Spotter signaled a buy on 2/11 and since then the stock is up 11.59%.  I found the stock when I sorted the New High list for frequency.

The REIT invests in senior housing income producing real estate, including senior apartments and assisted living, congregate care and nursing home properties. Senior apartments are marketed to residents who are generally capable of caring for themselves. Residence is generally restricted on the basis of age. Purpose built properties may have special function rooms, concierge services, high levels of security and centralized call buttons for emergency use.


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Paul Tudor Jones : Trader


T by totalinvestor

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Pentair, Ltd. (NYSE: PNR)

Pentair Ltd. delivers products, services, and solutions for water and other fluids, thermal management, and equipment protection in the United States, Europe, Asia, and other regions. Its Water & Fluid Solutions segment designs, manufactures, markets, and services water management and fluid processing products and solutions, including pumps, valves, and pipes for water transmission applications. The company's Valves & Controls segment designs, manufactures, markets, and services valves, fittings, automation and controls, and actuators. Its products, services, and solutions address various applications in the general process, oil and gas, chemical, petrochemical, power generation, mining, food and beverage, pulp and paper, wastewater, commercial irrigation, and mining industries. Pentair's Technical Solutions segment designs, manufactures, and markets products that guard and protect sensitive electronics and electronic equipment; and heat management solutions to provide thermal protection to temperature sensitive fluid applications. Its products include mild steel, stainless steel, aluminum, and non-metallic enclosures. This segment serves electrical distributors, data center contractors, original equipment manufacturers, contractors of greenfield developments, and maintenance contractors.
Please take a look at the 1 yr. chart of PNR (Pentair, Ltd.) that I have shown below with my added notations:
1 yr. chart of PNR (Pentair, Ltd.) PNR has formed a small channel with a slight uptrend to it over the last (3) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to a channel, I always tell my students that any (3) points can start the channel, but it's the 4th test and beyond that confirm it. You can see that PNR has multiple test points between the channel resistance (red) and channel support (blue). Following the PNR channel can provide you with both long and short trading opportunities.
The Tale of the Tape: PNR has formed a common chart pattern know as a channel, in this case, an up-channel. A long opportunity could be entered on a pullback to the channel support, which at this point seems to be around $51. Short trades could be entered at channel resistance OR if PNR were to break below the channel support.
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Japanese Money Flooding European Bond Markets

by Dan Norcini
Trader Dan Norcini

The mystery, at least in my mind, of the rising Euro is now clear. Outflows of Japanese institutional money is pouring into the European bond markets in search of higher yield.
Consider the following – the yield on a 10 year Japanese government bond has fallen to 0.525%. Yes, that is not a typographical error. If you buy one of those things, you are locking money up in an IOU for TEN YEARS to obtain a half a percentage point of interest. If that is not bad enough, the underlying currency is also freefalling in value. Now, who in the world would want to do that besides the monetary authorities in Japan who are becoming and likely are going to end up staying that way, as the largest, if not sole buyer of Japanese government debt?
Continue Reading at TraderDanNorcini.Blogspot.ca…

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Kyle Bass Is “Perplexed” At Gold’s Low Price

from Zero Hedge:
“The stress is beginning to show,” Kyle Bass warns during a wide-ranging interview with Bloomberg TV. “The beginning of the end,” is here for Japanese government bonds as he notes that while quantitiavely it is clear they are insolvent, “the qualitative perception of participants is changing.” But away from Japan specifically, there is a lot more on the Texan’s mind. “Things go from perfectly stable to completely unstable,” very quickly; even more so after 20 years of exponential debt build-up and Keynesian cover-ups; and it is this that he warns complacent investors that it is “really important to think about the capital at risk in your strategy.” For this reason he prefers to hold gold rather than Treasuries, as, “when you think about the largest central banks in the world, they have all moved to unlimited printing ideology. Monetary policy happens to be the only game in town. I am perplexed as to why gold is as low as it is. I don’t have a great answer for you other than you should maintain a position.” His discussion varies from housing’s recovery to structured credit liquidity “money is being misallocated by the printing press” and the future of the GSEs, concluding with the rather ominous, “at some point in time, I would much rather would own gold than paper. I just don’t know when that time is.”
Read More @ ZeroHedge.com
 
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“France Is On The Brink of A Secondary Depression”: Charles Gave

from Zero Hedge

Authored by Charles Gave of Gavekal.com,
France is engulfed by a political, economic and moral paralysis. The president has record low popularity, unemployment is making new highs and the tax czar of a supposedly left wing government just quit after repeatedly lying about a pile of cash he had stashed in a Swiss bank account. From such a sorry state of affairs, you might think that things could only get only get better. Unfortunately, economic cycles do not work this way and it is my contention that France is about to enter what was known during the gold standard era as a “secondary depression.” The rigid design of the euro system means the whole eurozone is prone to the kind of brutal cyclical adjustments seen in that hard money era of the 19th and early 20th centuries. But having reached the logical limits of its decades long experiment in state-run welfare-capitalism France is far more exposed than even its struggling neighbors.
Continue Reading at ZeroHedge.com…
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