Fed To Commit To A Staggering $1 Trillion Of QE For 2013

from KingWorldNews:
Today acclaimed trader Dan Norcini told King World News the Fed is about to commit to more than $1 trillion of QE for 2013. Norcini stated that because of this, “Anyone who does not own physical gold is committing financial suicide.” Here is what the acclaimed trader had to say about this stunning situation and what it will mean for the gold market: “One of the things that may have been overlooked by a lot of people, but it certainly wasn’t overlooked by some of us in the trade, was a report that was published by Goldman Sachs dealing with the Federal Reserve and its upcoming policy meeting.
Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4. It will be a purchase of $45 billion each month in Treasuries. This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt.”
Dan Norcini continues @ KingWorldNews.com

Angie’s List Inc. (NASDAQ: ANGI)

Angie's List, Inc. operates a consumer-driven solution for its members to research, hire, rate, and review local professionals for home, health care, and automotive service needs in the United States. The company focuses on delivering its members trusted ratings and reviews of local service providers; providing the opportunity for highly-rated service providers to offer its members discounts and other promotions on local services; and advocating for its members to resolve their complaints with local service providers. As of June 30, 2011, it had approximately 820,000 paid memberships. The company was formerly known as Brownstone Publishing, LLC. and changed its name to Angie's List, Inc. in April 2010. Angie's List, Inc. was founded in 1995 and is headquartered in Indianapolis, Indiana.

To analyze Angie's stock for potential trading opportunities, please take a look at the 1-year chart of ANGI (Angie's List Inc.) below with my added notations:

ANGI has had a rough go of it since the end of March. However, the stock does seem to be trying to bottom over the last (3) months. During those same months, the stock has created a resistance level at $12 (green). That is the same $12 level that was also support in the prior (3) months (red). So, $12 is a key price to ANGI. A break above that level should result in higher prices for the stock.

5 Charts Showing a Year-End Stock Bounce

A skeleton crew is keeping watch over Wall Street today, while the rest of America herds into mile-long lines at the mall.

Black Friday's half-day of trading is typically a light volume day for Mr. Market, and that's likely to be the case this year too. But it's what happens after Black Friday that's worth keeping a close eye on -- historically, the final month and change of the year often comes with a year-end bounce higher for stocks.

In 2012, we're starting to see that shape up in the S&P 500: the big index slammed hard against support at 1350 late last week, rallying back above the 200-day moving average on Monday. That support level coincides with a 61.8 retracement of the June through September rally in stocks, an important level for traders who rely on Fibonacci levels.

The fact that the S&P's pullback has been orderly for the last couple of months is significant. And now, we're seeing bottoming in a large number of individual names -- but we're not focusing solely on upside today.


Instead, we're leveraging new interest in the market by taking a technical look at five big names that are tradable this week.

If you're new to technical analysis, here's the executive summary.

Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.

Every week, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at the charts of five high-volume stocks to trade for gains.

Apple

We can't talk about big trades without bringing up Apple (AAPL), the $528 billion tech firm that's been catching so much attention from traders in the last couple of months. Apple rallied hard with the broad market from June to September, and then it followed up by dropping like a rock for the next couple of months. But a v-bottom in Apple points to the end of a nasty trend here. (more)

Grains Moving Higher: Good News for Agriculture Equities and ETFs

News about growing drought conditions in the U.S. , lower than expected available grain for export by Russia, Ukraine and Australia combined with rising demand by China is having an impact on grain prices. ‘Tis the season for grain prices to move higher!




Higher grain prices is good news for Agriculture equities and related ETFs

3 Overlooked Stocks Set to Rally Before Year-End

We watch the analyst recommendations on stocks closely for a couple of reasons. First, we like to know when the analyst community has become overly optimistic on a stock as it often identifies that it has run its bullish course. The simple rule to follow here is that if everyone is bullish it's usually not a bad time to be locking in your profits. 


Case-in-point, Apple (NASDAQ: AAPL). With nearly 90% of the analysts covering the stock rating it a "buy" or "strong buy," it has turned into a stock with avalanche potential, i.e., a relatively small amount of sellers can cause it to cascade down to lower prices. It doesn't mean that the stock is necessarily bad, just that it has more selling potential due to the large crowd of investors holding it.

The reverse is also true in that a stock that is performing well with low analyst ranks has the potential to explode higher. Why, you ask? Simply put, Analysts aren't paid to be wrong on a stock, which means that a stock that outperforms the market should grab analysts' attention and drive upgrades. For this reason, we closely monitor a list of stocks that are outperforming the market with low analyst recommendations as these stocks are more likely to see upgrades and, thus, even higher prices.

The table below identifies 10 stocks that are beating the S&P 500 over the past three months, with 50-day moving averages that are trending higher (a simple measure of technical strength), and fewer than 30% "buy" recommendations from the analyst community. This serves as a great list of stocks that traders have the ability to buy ahead of potential upgrades from the analyst community.

Below we'll go into more depth on three stocks we like right now from the list.

Lockheed Martin (NYSE: LMT)
Investors are deathly afraid of the "fiscal cliff" knocking the market and economy for a loop in 2013. From a logical standpoint (which could be a problem) the politicians in Washington are far better served by solving the situation before the Dec. 31 deadline, which would likely tack an easy 1,000 points onto the Dow and give companies like LMT a boost.
Analysts and traders are afraid to touch LMT now given its revenue from defense spending, which could catch the axe if we go over the cliff. We're betting that this doesn't happen and that this 5% yielder will attract not only traders, but also continue to get the attention of high-yield investors.

Recommended Trade Setup:
-- Buy LMT at the market price
-- Set stop-loss at $90
-- Set price target at $100 for a potential 8% gain by year-end

Tenet Healthcare (NYSE: THC)
We move into 2013 with the knowledge that "Obamacare" will continue to move toward full implementation. For the most part, the law is seen to put additional pressure on insurance providers while providing somewhat of a tailwind for health care providers like Tenet.
From a sheer technical perspective, this company is a dream as it has been a relative strength leader against the market and is breaking to new 52-week highs. Sentiment on THC remains negative, which suggests that robust upside potential exists as the bears could change posture and turn into buyers. We favor a target of $30 before year-end.

Recommended Trade Setup:
-- Buy THC at the market price
-- Set stop-loss at $26
-- Set price target at $30 for a potential 6% gain by year-end

Yahoo (NASDAQ: YHOO)
Don't call it a comeback, they've been here for years (sorry for the LL Cool J reference). It's true, though, Yahoo has been around and had the tools for success; its lack of it appears to have been a personnel issue, which may now be on the mend.
Wall Street votes with its accounts, and YHOO shares are reflecting some trust in new management. We don't typically like stocks that are trading nearly 30% higher over a three-month period, but Yahoo is likely to march higher as traders and analysts improve their outlook for the shares.
Look for a price of around $21 by January, a return of almost 12%. Not bad for a company that was all but dead a few quarters ago.

Recommended Trade Setup:
-- Buy YHOO at the market price
-- Set stop-loss at $18.50
-- Set price target at $21 for a potential 12% gain by year-end

Eric Sprott: Market Insights (November 29, 2012)

Gold: Solution to the Banking Crisis

by Eric Sprott and David Baker, Sprott Asset Management
The Basel Committee on Banking Supervision is an exclusive and somewhat mysterious entity that issues banking guidelines for the world’s largest financial institutions. It is part of the Bank of International Settlements (BIS) and is often referred to as the Central Banks’ central bank. Ever since the financial meltdown four years ago, the Basel Committee has been hard at work devising new international regulatory rules designed to minimize the potential for another large-scale financial meltdown. The Committee’s latest ‘framework’, as they call it, is referred to as “Basel III”, and involves tougher capital rules that will force all banks to more than triple the amount of core capital they hold from 2% to 7% in order to avoid future taxpayer bailouts. It doesn’t sound like much of an increase, and according to the Basel group’s own survey, the 100 largest global banks will only require approximately €370 billion in additional reserves to comply with the new regulations by 2019.¹ Given that the Spanish banks alone are believed to need well over €100 billion today simply to keep their capital ratios in check, it is hard to believe €370 billion will be enough protect the world’s “too-big-to-fail” banks from future crises, but it is indeed a step in the right direction.^{2 (more)}

Chinese Stocks Hit the Skids, Might Drop Further

Chinese stocks are tumbling, with the Shanghai Composite Index hitting a near-four-year low Wednesday, as traders stay away from the market.

The value of shares traded Monday totaled only 33.1 billion yuan ($5.3 billion), the lowest amount since Nov. 7, 2008, according to Bloomberg.

The Shanghai Index closed at 1,973.52 Wednesday, the lowest finish since Jan. 16, 2009 and below the psychologically important level of 2,000.

The Shanghai index first hit that mark at least 10 years ago, “and now we’re back at square one,” Hao Hong, managing director of research for Bank of Communications, told Bloomberg. “Now … people will be looking for the next support level, which could be 5 to 10 percent below here.”

Ironically, the decline comes despite recent signs of a rebound in the economy. For example, the government reported Tuesday that profit for industrial companies soared 20.5 percent in October. And both factory output and exports rose last month at the fastest pace since May.

"Confidence in the stock market appears to have reached a new low this year, with transaction volumes really thin now,” Deng Wenyuan, an analyst at Soochow Securities, told The Wall Street Journal.

“Investors are looking for policy signals ahead of the annual central economic work conference in December, but so far on the policy front, it seems muted."

He was referring to a meeting of China's senior leadership that gives an idea as to the next year’s economic policy and performance.

Chinese stocks are tumbling, with the Shanghai Composite Index hitting a near-four-year low Wednesday, as traders stay away from the market.

The value of shares traded Monday totaled only 33.1 billion yuan ($5.3 billion), the lowest amount since Nov. 7, 2008, according to Bloomberg.

The Shanghai Index closed at 1,973.52 Wednesday, the lowest finish since Jan. 16, 2009 and below the psychologically important level of 2,000.

Editor's Note: Prophetic Economist Warns: “It’s Curtains for America.” See Evidence.

The Shanghai index first hit that mark at least 10 years ago, “and now we’re back at square one,” Hao Hong, managing director of research for Bank of Communications, told Bloomberg. “Now … people will be looking for the next support level, which could be 5 to 10 percent below here.”

Ironically, the decline comes despite recent signs of a rebound in the economy. For example, the government reported Tuesday that profit for industrial companies soared 20.5 percent in October. And both factory output and exports rose last month at the fastest pace since May.

"Confidence in the stock market appears to have reached a new low this year, with transaction volumes really thin now,” Deng Wenyuan, an analyst at Soochow Securities, told The Wall Street Journal.

“Investors are looking for policy signals ahead of the annual central economic work conference in December, but so far on the policy front, it seems muted."

He was referring to a meeting of China's senior leadership that gives an idea as to the next year’s economic policy and performance.

Read more: Chinese Stocks Hit the Skids, Might Drop Further
Important: Can you afford to Retire?

Chinese stocks are tumbling, with the Shanghai Composite Index hitting a near-four-year low Wednesday, as traders stay away from the market.

The value of shares traded Monday totaled only 33.1 billion yuan ($5.3 billion), the lowest amount since Nov. 7, 2008, according to Bloomberg.

The Shanghai Index closed at 1,973.52 Wednesday, the lowest finish since Jan. 16, 2009 and below the psychologically important level of 2,000.

Editor's Note: Prophetic Economist Warns: “It’s Curtains for America.” See Evidence.

The Shanghai index first hit that mark at least 10 years ago, “and now we’re back at square one,” Hao Hong, managing director of research for Bank of Communications, told Bloomberg. “Now … people will be looking for the next support level, which could be 5 to 10 percent below here.”

Ironically, the decline comes despite recent signs of a rebound in the economy. For example, the government reported Tuesday that profit for industrial companies soared 20.5 percent in October. And both factory output and exports rose last month at the fastest pace since May.

"Confidence in the stock market appears to have reached a new low this year, with transaction volumes really thin now,” Deng Wenyuan, an analyst at Soochow Securities, told The Wall Street Journal.

“Investors are looking for policy signals ahead of the annual central economic work conference in December, but so far on the policy front, it seems muted."

He was referring to a meeting of China's senior leadership that gives an idea as to the next year’s economic policy and performance.

Read more: Chinese Stocks Hit the Skids, Might Drop Further
Important: Can you afford to Retire?

The Best Buying Opportunity the Market Has to Offer Right Now

On Tuesday, stocks opened lower due to weakness in Europe. But selling accelerated when Senate Majority Leader Harry Reid said that “little progress” had been made in the fiscal cliff negotiations. Despite some positive economic reports, the comments by Reid created an immediate reaction from sellers as the Dow fell 75 points within minutes of his announcement.
At Tuesday’s close, the Dow Jones Industrial Average was off 89 points at 12,878, the S&P 500 fell 7 points at 1,399, and the Nasdaq lost 9 points at 2,968. The NYSE traded 688 million shares and the Nasdaq crossed 406 million. On both exchanges, decliners were ahead of advancers by 1.3-to-1.

Click to Enlarge
Despite the emotional reaction of the markets to the back-and-forth comments from politicians, the CBOE Volatility Index (VIX) is still surprisingly apathetic. At a critical time when the major indices are backing away from their 200-day moving averages, the VIX should be in the mid-20s, while it sits near 16. Perhaps it is telling us that the politicians will get their act together before we all fall off the fiscal cliff.

Click to Enlarge

Mississippi River Near Historical Lows

My previous articles have mentioned the drought scenarios that are affecting the Midwest and the Southern Plains U.S. and potentially impact the current winter wheat and corn & soybean planting   next spring.  We have also been monitoring that this same drought scenario could impact long-term transportation issues for U.S grain and other commodity supplies as well as consumer prices.

The Mississippi River is very close to historical lows between the cities of St. Louis and Cairo, Ill.  Barge traffic is already mandated to have lighter loads than usual, and the middle of the river could be closed to barge traffic if the water level at St. Louis get under minus-5 feet.  The record low in St. Louis was minus-6.1 feet in January 1940, according to the National Weather Service.  The river was at minus-1.49 feet at 1:30 p.m. on Nov. 26, and may drop to minus-5 or even minus-6 feet as measured by the river gauge in about two weeks if the weather doesn't change and the Army Corps of Engineers drawdown of the Missouri River takes place as planned, according to a spokesman at U.S. North Central River Forecast Center in Chanhassen, Minnesota.

According to the U.S. Climate Prediction Center, the worst U.S. drought since 1956, which affected farmland from Ohio to Nebraska, will possibly last through February in most areas.  Mississippi River barges handle about 60 per cent of the nation's grain exports entering the Gulf of Mexico through New Orleans, as well as 22 per cent of its petroleum and 20 per cent of its coal.  According to AEP River Operations spokesman, approximately 8 million tons of grain, coal, steel, petroleum and other goods travel each month between St. Louis and Cairo.

Several business organizations including the National Association of Manufacturers, the U.S. Chamber of Commerce, and the American Petroleum Institute in a letter yesterday to President Barack Obama urged him to declare an emergency in the region, calling for "immediate assistance in averting an economic catastrophe in the heartland" of the U.S. 

The below chart shows a better depiction of how bad this scenario is.


This graph shows the river stage at Chester, IL, from January 2011 to present. The river was actually above flood stage for much of May-July 2011. It dropped from almost 40 feet during that time to 5 feet in November 2011. Then it fluctuated between 5 and 25 feet, until this summer when it dropped below 5 feet and into negative numbers in late September. The latest forecast from the NWS has the river stage reaching -2 feet by December 10,  (more)

Turk – Current Financial System To Implode Within 24 Months

from KingWorldNews:
Today James Turk spoke with King World News about steps which are being taken by the LBMA and Western central planners to cover up the corruption and manipulation in the gold and silver markets. This is the third and final in a series of interviews with James Turk which reveals what is going on behind the scenes of the desperate Western central bank gold and silver price suppression scheme.
Eric King: “You talked earlier about the fact that they tried to dematerialize gold back in 1969 with the SDR. Then in 1980 we saw the change of rules on the COMEX and the silver price collapsed. Going forward, these are the first steps you see (LBMA actions and attacking Indian gold demand) as a Ponzi scheme is unwinding. We should expect to see more radical things from the central planners?”
Turk: “Yes. That 1969 change has significance to today. It came just before the system blew up. The SDR was created in ’69 and the system blew up shortly thereafter (and gold went up roughly six-fold by the end of ‘73).”
James Turk continues @ KingWorldNews.com

Nordstrom, Inc. (NYSE: JWN)

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It operates in two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise. This segment sells its products through various channels, including Nordstrom full-line stores, off-price Nordstrom Rack stores, Jeffrey' boutiques, philanthropic treasure & bond store, and Last Chance clearance stores; and its online store, nordstrom.com, as well as through catalog and online private sale subsidiary HauteLook. As of November 2, 2012, it operated 238 stores in 31 states, including 117 full-line stores, 117 Nordstrom Racks, 2 Jeffrey boutiques, 1treasure&bond store, and 1 clearance store. The Credit segment operates Nordstrom fsb, a federal savings bank, which provides a private label credit card, two Nordstrom VISA credit cards, and a debit card. Its credit and debit cards feature a shopping-based loyalty program. Nordstrom, Inc. was founded in 1901 and is based in Seattle, Washington.

To review Nordstrom's stock, please take a look at the 1-year chart of JWN (Nordstrom, Inc.) below with my added notations:

After a sever sell-off in May, JWN worked it's way back up to it's $58, 52-week high and has been consolidating within a rectangle ever since. Rectangle patterns form when a stock gets stuck bouncing between a horizontal support and resistance. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. For JWN, the rectangle pattern has formed a $58 resistance (red) and a $54 support (green). A break above $58 would also be a new 52-week high.

McAlvany Weekly Commentary

America: Reports of Death Greatly Exaggerated

Posted on 28 November 2012.

About this week’s show:
-Getting worse before it gets better
-Redistribution begins
-What is Republic?

Standard Podcast Play Now | Play in Popup | Download

Read | Subscribe@iTunes

Alasdair Macleod: Custody arrangements reduce security for GLD and SLV shareholders

by Alasdair Macleod, GATA:
GLD, the New York Stock Exchange-listed gold exchange-traded fund, appears to have quietly removed key investor protection with the apparent agreement of United Kingdom regulators.
By imputation, the same change in regulation applies to the silver ETF SLV, though less obviously so.
A revision to GLD’s prospectus appears to have absolved its custodian and trustee from having to comply fully with the custody rules of the U.K. Financial Services Authority, a change that must have been undertaken with the agreement of the FSA and by implication the Bank of England, which oversees the London bullion market and is party to the London Code for Non-investment Products (the NIPS Code). This code now guides the actions of the management, trustees, and custodians of both ETFs.
SLV’s prospectus has not been materially altered in this respect (other than by the addition of New York as a custody location) because its wording is already consistent with NIPS Code guidelines. But GLD’s prospectus has changed.
Read More @ GATA,org

Chart of the Day - Unilever (UN)

The "Chart of the Day" is Unilever (UN), which showed up on Tuesday's Barchart "All-Time High" list. Unilever on Tuesday posted a new all-time high of 37.55 and closed +0.21%. Unilever closed near its daily low, which suggests that the stock market need to correct a bit lower before regaining some upside momentum. TrendSpotter just turned long on Tuesday. In recent news on the stock, UBS on Sep 14 upgraded Unilever to Buy from Neutral. Unilever, with a market cap of $105 billion, is one of the world's largest consumer products companies. They produce and market a wide range of foods, home, and personal care products.

A New Twist on an Old Theory is Signaling a 'Buy'

The Dow Theory is probably the first trading strategy ever described in detail. Charles Dow developed the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) to track economic trends and he soon realized these averages could be useful for timing stock market moves.


When both averages are moving up, the market is a buy, and sells are signaled when both averages are moving lower. Unfortunately, there are also times, like now, when no clear signal is being offered.
Up moves under Dow Theory are defined as new highs, and when an average reaches a new high, it is a buy. The chart below shows the DJIA signaled a new buy as it reached new highs in August. The DJTA failed to confirm that signal, and pure Dow Theory practitioners remain bearish based on a sell signal given in May when both averages fell to new lows. More recent market action has failed to deliver a strong buy signal and a divergence has formed where one indicator is bullish and the other is bearish.

While the Dow Theory looks solely at prices, the idea of using the industrials and transports can be applied in a number of different ways. Rather than waiting for Dow Theory signals, traders can apply indicators and develop trading strategies that take advantage of the trend with clear signals from indicators.

The chart below looks at the two indexes with a stochastics indicator. Here the trade signals are less ambiguous and, for now, a long trade in the transport sector seems like the best potential trading option.

The weekly chart shows that the DJTA signaled a buy in the stochastics indicator at the close of trading last week, while the industrials remain on a buy signaled a week earlier.

Among transportation stocks, railroads are the strongest sector and Genesee & Wyoming (NYSE: GWR) is the railroad company with the fastest growing long-term earnings. GWR operates railroads in the United States, Australia, Canada, the Netherlands, and Belgium. This geographic diversification is rare in the railroad industry and should help GWR maintain steady profits in a regional economic slowdown. The company has averaged earnings growth of about 17% a year in the past five years and is expected to continue growing earnings at that rate for the next five years.
GWR is among the biggest winners in the stock market during the past six months with a gain of more than 50% in that time. This has pushed the stock toward the initial price target projected from a cup-and-handle pattern. The next target from that pattern, a Fibonacci extension of the depth of the pattern, is at $86, offering a potential gain of 17% from current levels.

Initially, a stop-loss below last week's low at $67.50 should allow traders to benefit from an up move without accepting too much risk. Longer term, it could pay to remember that GWR has been a big winner in the past. Rather than taking short-term profits in the stock, it could be best to use a trailing stop in order to benefit from the trend as long as it lasts. The 26-week moving average (MA) offers a way to do this. If GWR moves above the initial target of $77, traders should use the 26-week MA as a trailing stop and exit when GWR closes below that average.

This trading strategy uses the idea behind the Dow Theory that the industrials and transports should confirm each other. But it adds indicators to offer timelier trade signals, which could improve on the profitability of the basic strategy.

Recommended Trade Setup:
-- Buy GWR at the market price.
-- Set initial stop-loss at $67.50
-- Set initial price target at $77 for a potential 5% gain
-- If target is hit, then raise stop-loss to the 26-week MA to participate in the uptrend as long as possible

Agnico-Eagle Mines broke a triple-top as it made a new 52-week high

Agnico-Eagle Mines Ltd. (NYSE:AEM) — This Canada-based international gold producer has operations in most gold-producing countries.
The company reported Q3 earnings of $0.77, soundly beating estimates of $0.40. Production guidance for the year has been raised, and costs have fallen to the lower end of management’s estimates.
Technically, the stock has been in a four-month bull market, interrupted only by a round of profit-taking two weeks ago that ended with a buy signal from our proprietary Collins-Bollinger Reversal (CBR) indicator.
On Monday, AEM broke a triple-top as it made a new 52-week high. Near term, expect AEM to add another upward leg with a target of $65. Longer-term buyers could expect the stock to climb to $80 within 12 months.

Click to Enlarge

A Biotech Stock Up 78% This Month; Will It Soar Come January?

With the weak third-quarter earnings season pretty much behind us, it’s time for penny stock investors to look for areas of growth. One sector that has been outpacing the overall markets has been the biotechnology sector, up 60.6% for the year and 46.0% year-to-date.

One penny stock biotech company that has been performing well since June and generating buzz is Celsion Corporation (NASDAQ/CLSN). Celsion is a development-stage penny stock whose lead product is “ThermoDox,” a heat-activated cancer therapy that combines a common oncology drug, doxorubicin, with a heat-activated liposome, which may help deliver and release the drug more accurately. The drug is being studied as a treatment for liver cancer and breast cancer.

The penny stock’s pivotal phase III trial (the “HEAT Study”) was designated as a priority trial for liver cancer by the National Institutes of Health and received fast track designation from the U.S. Food and Drug Administration (FDA) and orphan drug designation in both the U.S. and Europe. Results from this trial are expected in January 2013.

Primary liver cancer, also known as hepatocellular carcinoma, or HCC, is one of the most common and deadly forms of cancer. It is estimated that up to 90% of liver cancer patients will die within five years of diagnosis. Although the most effective treatment for liver cancer is surgical resection of the tumor, 80% to 90% of patients are ineligible for surgery due to the progression of their tumors. (Source: “Celsion’s lead indication is in Primary Liver Cancer,” Celsion Corporation web site, last accessed November 26, 2012.)

ThermoDox is also under phase II clinical trial for colorectal liver metastasis, and phase II clinical trial for treatment of recurrent chest wall breast cancer.

On November 12, Celsion announced its third-quarter results and a business update. The penny stock’s third-quarter loss improved to $6.0 million, or $0.18 per share, from a loss of $6.4 million, or $0.25 per share, in the same period last year. The penny stock’s year-to-date net loss came in at $18.3 million, or $0.55 per share, compared to $17.1 million, or $0.72 per share, in the same period of 2011. (Source: “Celsion Corporation Reports Third Quarter 2012 Financial Results and Business Update,” Celsion Corporation press release, November 12, 2012.)

Chart courtesy of www.StockCharts.com

Celsion’s share price has been bullish since late June, on the heels of encouraging ThermoDox updates and speculation. In September, the penny stock broke through a three-year resistance level near $5.50, and currently remains bullish, trading above $7.50.

Since Celsion is in the development stage, it is not generating any revenues and won’t unless its flagship product gets FDA approval. That said, Celsion has $22.0 million in cash, which is more than enough to take it to January 2013, when data from the penny stock’s ThermoDox phase III study is released.

If the data are positive, Celsion should have no issues getting further financing. On the other hand, if the data are less than positive, the penny stock has enough resources to continue operations and look for additional funding.

In a November 9, 2012 update, company President and CEO Michael H. Tardugno said, “We enter this transformative period from a position of financial strength, having taken ThermoDox through to pivotal data while maintaining full worldwide rights outside of Japan, a minimal number of shares outstanding and a strong balance sheet.” (Source: “Celsion Announces Phase III HEAT Study of Thermodox,” Celsion Corporation press release, November 9, 2012.)

Tardugno added, “Consistent with our previous guidance, we have no plans to raise additional capital before disclosing top line data from the HEAT Study which, if positive, will vastly expand the company’s strategic and financing options.”

In conjunction with the penny stock’s third-quarter results, Tardugno noted, “With a positive outcome, ThermoDox will become the most important 1st line therapy for patients with non-resectable disease. The positive implications of this study, for patients and their families, the healthcare community, our investors and employees, cannot be overestimated.” (Source: “Celsion Corporation Reports Third Quarter 2012 Financial Results and Business Update,” Celsion Corporation press release, November 12, 2012.)

While the company says it cannot comment on its phase III HEAT Study data, Celsion President and CEO Tardungo seems quite optimistic. Investors appear equally as hopeful—sending the stock to a three-year high. The next 60 to 90 days will be a very important period for Celsion. Newcomers can either take a wait-and-see approach or follow closely.

Leeb – Gold, Silver & Natural Gas Are Going To Soar

from KingWorldNews:
Today acclaimed money manager Stephen Leeb spoke with King World News about gold, silver and natural gas. Here is what Leeb had to say: “I noticed that natural gas is trading somewhere around $3.75. What’s significant is that the price of natural gas today is about what it has averaged over the past four years. The reason four years is important is because it marks the time when unconventional or fracking gas came into its own.
That’s when we started seeing this huge pickup in natural gas. We have had all of this talk about all of these additional gas supplies, and yet you still have natural gas sitting at $3.75. We also still have every dedicated fracker, whether you are talking oil or natural gas, basically losing money once you subtract out capital expenditures.”
James Turk continues @ KingWorldNews.com

Rare Trade Setup Could Deliver Blockbuster Returns From This Tiny Biotech

Wall Street legend, Peter Lynch, once said, "During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit."

Today, I want to review a microcap company that could be a modern-day investment in this business model with a chart that presents a solid trading opportunity.

Companies that sell consumables, products that are completely used up and then need to be repurchased, can enjoy steady sales and earnings, even if some of their buyers go bust. Finding undervalued companies that supply critical inputs to an industry can be a way to identify trading candidates.

In the drug industry, biologics are among the best-selling drugs in the world. These drugs are made from living organisms and are more complex than chemically synthesized drugs, the more common type of pharmaceutical drugs. Biologics are used in the treatment of rheumatoid arthritis and several types of cancer. Research and development is under way to find other blockbuster biological drugs, but that process is expensive. According to one research report, it can cost $1.2 billion and take 10 to 15 years to get a drug through the regulatory process.  (more)

It’s the Season to Own Utility Stocks

Over the past week I have been keeping my eye on several key sectors and stocks for potentially large end of year rallies to lock in more gains before 2013.

My recent calls have been RIMM (up 54%), AAPL (up 5%), FB (up 8%) so it’s been a great month thus far. That being said there are three other plays that look amazing and one of them is the utilities sector.

Looking back 30 years clearly utilities have a tendency to rally going into year end. What makes this setup so exciting is that the Obama tax for 2013 has caused many investors to lock in capital gains along with dividend gains so the utility sector has recently been beaten.
I always like to cheer for the underdogs because they can make large moves quickly and this season its utility stocks.

30 Year Seasonality – Utilities Stocks

Utility Sector ETFs:

In the graph below I show the main utility ETFs for trading. Simple analysis clearly shows the selling momentum is slowing and where price should go if it can breakout above the red dotted resistance line. Exchange traded funds XLU, FXU, IDU, and DBU are the funds I found to be setting up.

Utilities Sector Trading Conclusion:

While I feel utilities are about start moving higher it is important to mention that the broad market is setting up for a 1-3 day pullback. If the stock market does pullback this week then we should see utilities pullback also. What I am looking for is a minor pullback in XLU with price holding up above $34 while the stock market pulls back.

Macy’s, Inc. (NYSE: M)

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale's Outlet stores that offer a range of apparel and accessories, including ready-to-wear, shoes, fashion accessories, jewelry, handbags, and intimate apparel products. As of January 28, 2012, it operated approximately 840 stores under the names of Macy's and Bloomingdale's; and 7 Bloomingdale's Outlet stores, as well as macys.com and bloomingdales.com. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1820 and is based in Cincinnati, Ohio.

To review Macy's stock, please take a look at the 1-year chart of M (Macy's, Inc.) below with my added notations:

M has created a couple of important price levels to watch. First, M has formed a clear resistance at $42 (navy), which would also be a 52-week high breakout if M could manage to break above it. In addition, the stock is climbing a short term, up-trending support level (red) over the last (2) months. Eventually, M will have to either break the support or the resistance.

Chart of the Day - Expedia (EXPE)

The "Chart of the Day" is Expedia (EXPE), which showed up on Monday's Barchart "All-Time High" list. Expedia on Monday posted a new all-time high of $61.48 and closed +0.58%. TrendSpotter has been long since last Tuesday at $59.29. In recent news on the stock, Barclays on Nov 20 upgraded Expedia to Equal Weight from Underweight and raised its target to $60 from $52 due to improving business fundamentals and strategy. Susquehanna on Oct 26 reiterated its Positive rating on Expedia and raised its target to $69 from $60 due to positive Q3 results and higher bookings. Cowen on Oct 26 reiterated its Outperform rating on Expedia. Lazard Capital on Oct 26 raised its rating to Buy from Neutral on Expedia and raised its target to $70. RBC Capital on Oct 26 reiterated its Outperform rating and raised its target to $70 from $59. Expedia (EXPE), with a market cap of $8 billion, is one of the world's leading travel services companies.

Source: Deutsche Bank Fulfilled Recent Gold Repatriation Request With Tungsten Salted Gold

from Silver Doctors:
*BREAKING
An Austrian banking source has reportedly claimed that Deutsche Bank ‘fulfilled’ one gold repatriation in recent years with the help of Tungsten and further claims that the tungsten salted gold bars have turned up in Asia.
In 2009, Rob Kirby first uncovered detailed information regarding a massive plot to replace 400 oz good delivery gold bars with highly sophisticated tungsten filled fakes- and even provided evidence that the bars had been swapped with the gold held at Fort Knox.
Widely scoffed at by the financial media in 2009, Kirby appears to have released a Pulitzer worthy story nearly half a decade ahead of its time, as if the Austrian source’s claims are true and Deutsche Bank has in fact fulfilled a recent gold repatriation request with gold plated tungsten, the ramifications are that not only is every single claim made by GATA regarding gold and silver manipulation are 100% accurate, but that real, physical metal is now in desperately short supply and the jig is nearly up for the bullion bank cartel.
Read More @ SilverDoctors.com

We Are About To Crush 15 Years Of Resistance In Gold & Silver

from KingWorldNews:
Today John Embry told King World News that we are about to crush 15 years of resistance in gold and silver. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: “Friday was a solid day, but I could have bet my life that we would see exactly what’s transpired today. There has been no follow through whatsoever and that’s become the norm. Essentially, they don’t want people to get excited about this sector, so when it pops up in price they make sure there is no follow through.
But you have to understand the extent to which the gain on Friday was fought. There were explosions in open interest on the COMEX. Open interest in gold contracts increased over 14,000 contracts. Open interest increased almost 4,000 contracts in silver.
These are big numbers…”
John Embry continues @ KingWorldNews.com

Arcos Dorados Holding Inc (NYSE: ARCO)

Arcos Dorados Holdings, Inc. is an Argentina-based company engaged in the operation of McDonald's franchisees. The Company serves over 4 million customers through the operation of 1,840 McDonald's-branded restaurants in 20 Latin American countries, such as Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, French Guiana, Trinidad & Tobago, Mexico, Peru, Guadeloupe and Panama, among others.

To review Arcos' stock, please take a look at the below with my added notations:

ARCO had been in an overall sideways move since May. During that time, the stock had held a clear level of support at $12 (red). Even though the market has caused most stocks to move higher over most of the last 6 months, ARCO had not been able to follow along and has recently broken below $12. This breakdown is both a new 52-week low and a break of a clearly defined support level.

450,000 Businesses Shut Down in Italy; Non-Performing Loans Jump 15.3%, Write-Downs 21.6%

by Mike Shedlock, Global Economic Analysis:
Here are a couple of interesting economic links from Italy courtesy of reader Andrea. The translations from Italian are a bit choppy, but the gist of the articles is easily understandable.
450,000 Businesses Shut Down in Italy in Three Years
La Stampa reports 450,000 Businesses Shut Down in Italy in Three Years.

In just three years, from 2010 to 2012, about 450,000 companies closed with a loss of over 300,000 jobs, while the Italians caught up in terms of wear [usurious loans] increased to 600,000.
Read More @ GlobalEconomicAnalysis.blogspot.com

Chart of the Day - Delphi Automotive (DLPH)

The "Chart of the Day" is Delphi Automotive (DLPH), which showed up on Friday's Barchart "All-Time High" list. Delphi on Friday posted a new all-time high of $34.10 and closed +1.34%. TrendSpotter turned long on Nov 19 at $33.37. In recent news on the stock, RW Baird on Nov 2 said that Delphi continues to be a top idea due to strong cash flow and operational execution. Baird reiterated its Outperform rating and raised its target to $41 from $36. Deutsche Bank on Nov 2 reinstated research coverage on Delphi with a Buy and a target of $41. Delphi on Nov 1 reported Q3 EPS of 84 cents, well above the consensus of 73 cents. Delphi Automotive, with a market cap of $10 billion, is a vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets.

4 Charts – the US Dollar, Gasoline, Gold and Silver

I have four charts for you.
Look at a chart of the US dollar index …

Usually, when the value of the dollar goes lower, the value of precious metals goes higher.
READ MORE

Breakout in Chip Stock Could Land Traders Double-Digit Profits

My son-in-law, Andrew, is a techie. An electrical engineer and electronic hobbyist, he can rattle off information about nearly every kind of semiconductor on the market. Sometimes it's more detail than I want to know -- how the chip works, what it controls and how it's best used.

Andrew knows I follow the market closely, and in a burst of enthusiasm he recently said I should look at ARM Holdings (NASDAQ: ARMH). Their chips, he commented, currently "rule the market."


The trader in me needed no further encouragement. I checked the chart and saw an extremely bullish, low-risk technical pattern. And when I analyzed the fundamentals, I found a strong outlook.
ARM Holdings has quickly become the market leader in processors for mobile devices, cutting into Intel's (NASDAQ: INTC) lead in computer and server markets. In fact, ARMH has found its way into over 95% of all mobile phones, and over a quarter of all electronic devices worldwide.

The chip is so popular because it performs well on very low power, making it ideal for battery-operated electronics, like smartphones and tablets.

In addition to being a leading chipmaker, ARM Holdings is the world's largest holder of intellectual property (IP) on semiconductors. ARMH designs and licenses its technology to tech companies, like Apple (NASDAQ: AAPL) or Microsoft (NASDAQ: MSFT). Each company pays a licensing and royalty fee for every ARMH chip used, adding up to big dollars for the company. (more)

Gold closing in on yen price record

Precious metals made strong gains on Friday, largely as a result of weak volume at the Comex futures market in New York. Thanksgiving last Thursday meant fewer participants in US futures trading on Friday, with traders taking the opportunity for a long weekend. Lack of liquidity in a market exacerbates any up or downside move; in this instance, it was the bulls’ lucky day.

Gold needs to hang above $1,740 and silver above $34 if this move is to have any lasting significance. Bulls will be encouraged by trading this morning though, with the metals holding above these levels despite more uncertainty about whether or not European finance ministers (meeting today) will agree to dispense more aid to Greece. The EURUSD, copper, the FTSE All-World equity index and US Treasury yields are down, yet gold and silver are still hanging in there – with silver in particular showing impressive resilience considering the pressure on growth assets.

Day-to-day price moves come and go, and there is often little logic to them. Last Friday was a case in point: bad news about EU budget talks coincided with a surge in the euro against the dollar, which is the opposite of what we’d normally expect. Long-term trends are however more identifiable, and one particularly interesting longer-term trend to look at right now is the Japanese yen’s performance against gold, as done in a chart courtesy of the GotGoldReport.

Gold has clearly broken out of a period of consolidation versus the yen, with Japanese politicians seemingly at last convincing the markets that they mean what they say when they state they want a much weaker yen. Priced in yen gold is now within a whisker of its all time high around ¥146,000 per ounce.

Another event that Western analysts may pay too little attention to is confirmation that Turkey has been using gold to pay for Iranian natural gas – thus neatly sidestepping US-led sanctions against Tehran. The idea of “gold as money” may be an alien concept in the modern West, but not in Asia.
The new podcast interview we are releasing today with Amphora Commodities’ John Butler – author of The Golden Revolution: How to Prepare for the Coming Global Gold Standard – may be worth listening to in this regard.

The Golden Nugget That Makes Traders Wealthy Trading AAPL, RIMM And Gold Stocks

I know most Apple enthusiasts will be rolling their eyes with my analysis and that's fine because the rest of us need people to buy our shares as we unload long positions or sell Apple short .

All joking aside, the charts below clearly show some very interesting information you cannot afford to overlook. At minimum, take a quick glance at the charts which tell the full story on their own.

The Four Stages of Stocks

Markets are cyclical in nature. There is a constant process of expansion and contraction, rally and

decline that continues as the market determines the theoretical fair value of a security. The sum

of these moves forms an unquestionable cyclical pattern consistent within all time frames. 

During a cycle a stock enters different phases of support, from irrational exuberance typically

found before its peak, to periods of widespread discontent where its price is continually

punished. However there are never distinctly good or bad stocks. 

Every "good" stock will eventually become a bad one and vice versa. There are however good

trades; trades that reward an investor who has correctly anticipated a move and positioned

himself accordingly. 

It is important to note that this works with commodities like gold and silver which are trading at

a VERY interesting point in their life cycle. Looking at various time frames in GLD and SLV

you can see this.  (more)

Rosen – This Move In Gold & Silver Is Going To Shock People

from King World News
KWN has received tremendous interest in 54-year market veteran and analyst Ron Rosen’s charts and comments which were published exclusively on King World News. We followed up with Rosen to get his take on where gold and silver are headed longer-term, and Rosen did not disappoint. He gave an absolutely extraordinary interview.
Below is a chart and comments from 54-year market veteran and analyst Ron Rosen:
Continue Reading at KingWorldNews.com…

Comcast Corporation (NASDAQ: CMCSK)

Comcast Corporation provides entertainment, information, and communications products and services in the United States and internationally. The company’s Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers. Its Cable Networks segment consists of national cable entertainment, national cable news and information, national cable sports, regional sports and news, and international cable networks. Its Filmed Entertainment segment consists of the operations of Universal Pictures, including Focus Features, which produces, acquires, markets, and distributes filmed entertainment worldwide in various media formats for theatrical, home entertainment, television, and other distribution platforms. This segment also develops, produces, and licenses stage plays. The company’s Theme Parks segment comprises theme parks; studios; and a dining, retail, and entertainment complex. The company offers its services directly to residential and business customers through call centers; door-to-door selling; direct mail, television, Internet, and local media advertising; and telemarketing and retail outlets.

Comcast’s stock is potentially forming a Head and Shoulders pattern. Please take a look at the 1-year chart of CMCSK (Comcast Corporation) below with my added notations:

CMCSK has been on a nonstop rally since last year. Over the last (3) months though, the stock has created a very important level at $34 (navy), which would also be the “neckline” support for CMCSK’s possible H&S pattern. Above the neckline you will notice the H&S pattern itself (red). Confirmation of the H&S would occur if the stock broke below its $34 support. If CMCSK breaks that level, the stock should move lower from there. A move above the $36 area would probably negate the potential H&S pattern.

Keep in mind that simple is usually better. Had I never pointed out this H&S pattern, one would still think this stock is moving lower simply if it broke below the $34 support level. In short, whether you noticed the pattern or not, the trade would still be the same: On the break below the key $34 level.