Friday, October 31, 2014

Is Ebola About To Get Worse? Lakeland: LAKE Hazmat Suit Orders Go Exponential, Surpass 1 Million

Almost exactly a month ago, long before the Texas Ebola fiasco, when virtually nobody had heard of a small company out of Ronkonkoma, NY called Lakeland Industries and whose only product is "industrial protective clothing for industry, municipalities, healthcare and to first responders" i.e., Hazmat suits, we asked "i) who will get sick next and ii) how bad could it get?" For the answer we focused on the recently announced order of 160,000 Hazmat suits by the US State Department which had come at a time when the CDC was urging everyone that there is nothing to fear and that Ebola is under control. Not surprisingly, shortly thereafter the Ebola situation promptly escalated and led to not only the first Ebola death and Ebola transmission on US territory, but also the first Ebola infection in New York City.

Fast forward to today when shortly after the close, and minutes after it announced the completion of another $11 million follow on offering, Lakeland surprised everyone, and especially those who are short the stock, when it released the following "Update on Business Activity Relating to Ebola Crisis" in which it announced that it has, by now, received a stunning 1 million Hazmat suit orders and rising exponentially. (more)

Please share this article

CORN: Simple Economics Say: Buy This Commodity Now

Growing up I swore to myself that I never wanted to be a rancher or farmer -- moving irrigation pipe, caring for cattle, bucking bales of hay -- needless to say the work was strenuous.
But the older I get, the more I find myself yearning for the back-breaking work and solitude that comes with the gig. Luckily, I still have a close connection to it. Growing up in a tiny village in the northwest, ranching and farming is -- next to mining -- probably the largest employer. And my father keeps a pulse on the agriculture business, as it directly affects his business.
So I do my best to pick his brain about happenings in the agricultural business. And when we recently talked I was particularly interested in what was going on in the corn and wheat sectors. What he told me was exactly what I wanted to hear...
Right now, there's a ton of supply in the corn and wheat markets. Thanks to exceptional growing conditions this year.
In its most recent report, the United States Department of Agriculture (USDA) announced corn production came in at a record-high 14.5 billion bushels. And this is how it's been all year... This news has caused corn prices to plummet:

It was this freefall that caught my attention. That's because I think conditions are ripe for a rebound in both corn and wheat prices -- especially for corn. And it's all thanks to an aspect of commodities investing that I doubt many investors know about. But if you can grasp the idea, you'll make a killing. (more)
Please share this article

Weekly Gold close setting up to be Important / By Dan Norcini / October 30, 2014
In looking over this intermediate term chart, and surveying its current bear market, I have noticed that since its peak near $1900 some three years ago, the metal has only ONCE managed to CLOSE out the week BELOW $1200. See the arrow…..

The close this week will therefore be critical in determining whether or not we are going to be more downside follow through and another test of the key $1180 level or if we are going to sit and grind sideways for a while longer yet.
Please share this article

The GEO Group Inc (NYSE: GEO)

The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and re-entry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design. The company owns, leases, and operates a range of correctional and detention facilities, including maximum, medium, and minimum security prisons; immigration detention centers; minimum security detention centers; and community based re-entry facilities.
Take a look at the 1-year chart of GEO (NYSE: GEO) below with added notations:
1-year chart of GEO (NYSE: GEO)
GEO has been trading sideways for the last 3 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. GEO’s rectangle pattern has formed a $38.50 resistance (red) and a $36 support (blue). At some point the stock will have to break one of the two levels created by the rectangle pattern.

The Tale of the Tape: GEO is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $36, or on a breakout above $38.50. The ideal short opportunity would be on a break below $36.
Please share this article

One of the Best Trading Setups I've Seen Since 2008

Times are tough for junior mining companies...
The "Dow Jones Industrials" of junior miners – the S&P/TSX Venture Index – is down around 23% from its August highs.
Many junior mining companies are struggling to survive. And there's likely more downside ahead.
But the reason why is creating a great opportunity for speculative traders to make a lot of money...(more)
Please share this article

Thursday, October 30, 2014

Chevron Corp. (NYSE: CVX): Time to Buy This Natural Gas Stock

Now's a perfect time to buy into our favorite natural gas stock, as another part of the energy sector continues to slump…
You see, while energy stock bears point to the dismal performance of oil stocks as a reason to leave the sector entirely, they're wrong.
It's true oil stocks have been hit hard. Oil prices have tanked since June, down 21%. WTI and Brent crude both hit multi-year lows this month.
U.S. oil drillers like EOG Resources Inc. (Nasdaq: EOG) and Continental Resources Inc. (NYSE: CLR) have fared poorly despite surging production. Those two stocks are down 18% and 26% respectively from summer highs. Even Exxon Mobil Corp. (NYSE: XOM) stock is down 9% since June.
But while prices dip in the crude oil market, Money Morning's Global Energy Strategist Dr. Kent Moors predicts natural gas prices will climb as we reach the winter months.
"With natural gas, the NYMEX price was above $4 per 1,000 cubic feet (or million BTUs) in early October," Moors said. "As we move into a winter heating cycle, that should push prices closer to $4.50."
Natural gas at $4.50 would be an increase of nearly 23% from today's price of $3.65 per million BTUs. (more)

Please share this article

Soybean Meal Heads for Biggest Monthly Gain in 40 Years

Freight trains aren’t getting food to chickens fast enough, sending prices for livestock feed made from soybeans toward the biggest monthly gain in 40 years.
Soybean-meal futures have jumped 33 percent this month as meat prices close to record highs spur feed demand and shipping delays tighten supplies from Midwest processors. Weekly train speeds fell last week to the lowest since April 2010 while waiting times at terminals rose to the highest since July, data from the Association of America Railroads show. (more)

Please share this article

Drilling Deep for Oil: Alpert, Barnett, Katusa, and Verleger

Please share this article

Why Lower Gas Prices Are NOT “Bullish Indicators”

by James Rickards
Daily Reckoning

[Ed. Note: Our resident currency maven, Jim Rickards was recently interviewed on RT's Boom and Bust by Erin Ade, to discuss supposed "bullish indicators" in the U.S. economy, the need for another financial crisis in Europe, and why central banks are mostly "impotent." Below is a summarized transcript on some of his main points...]
I don’t think the data is bullish at all.
Lower gas prices put more money in consumers’ pockets.
But there’s an alternative to spending… Which is saving or reducing debt – which is the same thing.
I don’t consider these bullish indicators. They tell me an economy is running out of steam.
Continue Reading at…
Please share this article

Eric Hadik – We Are at The End of a 40 Year Cycle

from Financial Survival Network
Eric S. Hadik is a trader & analyst who has been intimately involved with the markets for nearly 25 years. His first introduction to technical analysis came through Fibonacci Mathematics and the Elliott Wave Principle and he began trading in 1982.
However, it was not until he discovered the works of W.D. Gann and Gann’s integration of Biblical and natural cycles that Eric knew he had discovered his life’s passion and purpose. We spoke with him about the significance of cycles and he related to us about the key 40 year cycle and it’s connection to the history of monetary debasement in America. A must listen!
Click Here to Listen to the Audio
Please share this article

No Plans for Normalization: Fed Ends QE, Will Hold Rates Low for “Considerable Time”, Will Reinvest Proceeds / Mike “Mish” Shedlock / October 29, 2014
Inquiring minds may wish to slog through today’s FOMC Press Release on Monetary Policy but it’s really not worth the time it takes to read it.
Here are a few details, generally expected
  • The Committee judges that there has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program.
  • The Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate.
  • The Committee anticipates, based on its current assessment, that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee’s 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.
  • If incoming information indicates faster progress toward the Committee’s employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.
  • The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
Reinvesting Principal Payments
The Fed also released a Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities.
Please share this article

Wednesday, October 29, 2014

Four Tech Stocks to Buy at "Stupid Cheap" Prices: BITA, SLCA, FLT, AMBA

It was Oct. 19, 1987 – Black Monday – and the stock market had just crashed. At the time, I was an analyst in the Financial District in San Francisco.
My then-boss called me from Wall Street. And he sounded like he was ready to sell everything.
But I had other ideas.
After all, if Macy's holds a 25% off sale, shoppers rush down in droves. So why do so many investors panic when the market corrects?
By doing so, they miss out on great bargains.
We're not doing that. We're going shopping…(more)

Please share this article

JC Penney Company Inc (NYSE: JCP)

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating.
Take a look at the 1-year chart of Penney’s (NYSE: JCP) with the added notations:
1-year chart of Penney's (NYSE: JCP)
After trading mostly sideways from March through July, JCP took off to new highs. Unfortunately, the stock fell off a cliff after that. You will notice that since March the stock has found support at $7 (blue) whenever that level has been approached. Now the stock is almost there again. Traders should be able to expect some sort of bounce, but if not, new lows for the year will follow.

The Tale of the Tape: JCP has a key level of support at $7. A trader could enter a long position at $7 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
Please share this article

Should You Buy Steel Stocks Now?

After enjoying sturdy growth for most of the past decade, the steel industry suffered a setback in 2008 due to the recession, as consumers started utilizing existing inventories rather than buying new stock. However, the industry turned around in late 2009 and continued to grow thereafter, in tandem with global economic recovery.

Demand for steel benefited from the spurt of growth witnessed in the developing economies that helped counter the sluggishness in developed economies. Asia -- particularly China -- continued to act as the principal growth driver. (more)

Please share this article

Bobby Casey: Diversify Your Portfolio Now

Bobby Casey, a renowned speaker on anarcho-capitalism, free-market economics, and offshore businesses joins Stansberry Radio
Why is now the time to internationally diversify your portfolio?

Listen as Bobby shares his view on how to achieve true freedom by internationalizing your life using the "the multi-flag approach."

Bobby talks about the implications of FATCA, the Foreign Account Tax Compliance Act. He considers it one of the worst pieces of legislation ever written... that few people know exists. Find out how this new law forces all international banks to become part of the IRS's worldwide police force.

Bobby also tells the listeners what he believes are the best ways to diversify their portfolios. He emphasizes the importance of:

·         Owning foreign real estate
·         Why investors should use the "Buffet Approach"
·         Geo-political diversification
·         Why everyone should own hard assets
·         Having a second passport
·         How is becoming a great business for international investors

Although it's becoming much more legally difficult to invest internationally, it's not too late.

This is a good show that will make you think about how you diversify your money and keep it safe. (click here for audio)
Please share this article

Tuesday, October 28, 2014

Three Reasons Why You Should Expect a 30% Market Meltdown

You’re too late to avoid the bear market, so get ready
by Mark D. Cook
Market Watch

In a commentary for Marketwatch just over two months ago, I predicted that the U.S. stock faced at least a 20% correction. The signals now point to a 30% downturn.
This recent market volatility VIX, -2.54% is just the beginning. The declines that corrected prices more than 10% in both the Russell 2000 Index RUT, +0.21% and the Nasdaq Composite Index COMP, +0.69% encompassed the majority of the market, and these stocks have begun their descent. Meanwhile, both the Dow Jones Industrial Average DJIA, +0.76% , containing 30 stocks, and the S&P 500 SPX, +0.71% have yet to correct 10%, but historically they are the last to fall.
Continue Reading at…
Please share this article

What Happens When You Run Out Of VIX To Short? / by Tyler Durden on 10/27/2014 15:23
You just short some more…
Since December 2013, there have been more shares short than shares outstanding in VXX – the VIX ETF.

Currently, there are 2.5 times more shares short than shares outstanding… as oustanding collapses to six-month lows as shorts surge to a new record high…
Please share this article

Why Biotech Stocks are Screaming “Buy Me” Right Now

by Greg Guenthner
Daily Reckoning

That bright neon sign you’re looking at are biotech stocks flashing, “Buy me!”
So put down your morning joe. Go ahead, do it. And ignore all incoming e-mail for the next few minutes. Because the biotech breakout has arrived — and it can make you a bundle over the next few months.
That’s right. Forget about this month’s stock roller-coaster ride. Yeah, sure, it was painful for some. But it’s time to hop aboard biotech…
I can see you there right now, arms crossed, getting up in my grill: ‘Oh, yeah, Guenthner? I just lost a bunch of dough on stocks. You think my wife’s gonna let me buy biotech now?’
Continue Reading at…
Please share this article

Sterne Agee Warns, The Correction Hasn’t “Fixed” Anything / by Tyler Durden on 10/27/2014 18:21
The 76% retracement S&P 500 rebound was so quick and so steep that Sterne Agee’s Carter Worth warns it “suggests that the mentality that fosters complacency and excess in the first place, remains in effect. And that means, of course, that nothing has been corrected.”
Low volume bounce squeeze “fixed nothing”…
Please share this article

2008, Part II? – Only Best of the Best Miners + Cash

Please share this article

Monday, October 27, 2014

Semtech Corporation (NASDAQ: SMTC)

Semtech Corporation and its subsidiaries design, develop, manufacture, and market analog and mixed signal semiconductor products. Its products lines include signal integrity and timing products, such as a portfolio of optical communications, broadcast video, active cable transceiver, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and proprietary advanced wired communication and ultra-high speed serializer/deserializer products for optical transport communication used in various communications and industrial applications.
Take a look at the 1-year chart of Semtech (Nasdaq: SMTC) below with added notations:
1-year chart of Semtech (Nasdaq: SMTC)
SMTC has been trading in a large, sideways range for the last 10 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. SMTC’s rectangle pattern has formed a $28 resistance (blue) and a $22 support (green). At some point the stock will have to break one way or the other.

The Tale of the Tape: SMTC is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $22, or on a breakout above $28. Short opportunities would be on a rally up to $28, or on a break below $22.
Please share this article

Charts Say Semi Stocks Are Headed for a Deeper Decline

Semiconductor stocks fell sharply from their mid-September highs before rebounding in the past few trading sessions along with the oversold bounce in the broader market. But they now look overbought in the near to intermediate term, presenting traders with an opportunity to make quick profits on the short side.
When markets get volatile, it pays for traders to reduce their average position size, widen stop-losses and profit targets, and generally try to play the swings in the broader market as opposed to focusing on individual stocks.
When it comes to volatile sectors, such as semiconductors, trading an ETF rather than a single stock can be a good idea regardless of broader market volatility.
Looking at the weekly logarithmic chart of the Market Vectors Semiconductor ETF (NYSE: SMH), note that the recent sell-off took it right back down to its late 2008 uptrend line.
SMH Weekly Chart
A closer look reveals that upside momentum, as represented by the Relative Strength Index (RSI), topped in July while price continued to rise into the September highs. This type of multi-month negative divergence often doesn't end with a quick sell-off. Rather, the selling typically occurs in at least two waves.(more)
Please share this article

This Week in Money with Guests – Ross Clark, David Gurwitz, Marin Katusa, Chris Marchese

Please share this article

Home Prices Drop in 69 of 70 Chinese Cities; Did the Pool of Greater Fools Run Out?

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

China eased purchase restrictions last month ending its four-year campaign to contain home prices. And what a ridiculous campaign it was. Prices are down less than 1% this month and less then 1% year-over-year.
Bloomberg reports China Home-Price Drop Spreads as Easing Doesn’t Halt Fall.
Prices dropped in 69 of the 70 cities in September from August, the National Bureau of Statistics said in a statement today, the most since January 2011 when the government changed the way it compiles the data. They fell in 68 cities in August.
Continue Reading at…
Please share this article

Infoblox Inc (NYSE: BLOX)

Infoblox Inc. develops, markets, and sells automated network control solutions worldwide. Its appliance-based solution combines real-time IP address management with the automation of network control, and network change and configuration management processes in physical and virtual appliances. Infoblox Inc. sells its solution through distributors, integrators, managed service providers, and value-added resellers, as well as a field sales force.
Take a look at the 1-year chart of Infoblox (NYSE: BLOX) with the added notations:
BLOX tries to break $15 again
BLOX peaked back in January at $39 and lost over 70 percent of its value from there. The stock seems to have bottomed out over the last 5 months, and over the last two the stock has commonly hit a very important level of resistance at $15 (red). If the stock can break above $15 higher prices should follow, most likely a run back to the $17.50 level (blue).

The Tale of the Tape: BLOX has a key level of resistance at $15. A long trade could be entered on a break through that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $15.
Please share this article

US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
10 am Pending home sales     -- -1.0%
8:30 am Durable goods orders Sept.   0.2% -18.4
9 am Case/Shiller home prices Aug.   -- 6.7%
10 am Consumer confidence index Oct.   87.0 86.0
2 pm FOMC announcement        
8:30 am Weekly jobless claims Oct. 25
281,000 283,000
8:30 am GDP Q3   3.1% 4.6%
8:30 am Employment cost index Q3   0.5% 0.7%
8:30 am Personal income Sept.   0.3% 0.3%
8:30 am Consumer spending Sept.   0.1% 0.5%
8:30 am Core PCE price index Sept.   0.1% 0.1%
9:55 am Consumer sentiment Oct.   86.4 86.4
Please share this article

Saturday, October 25, 2014

Crude Has Likely Hit Rock Bottom

In the past, we’ve discussed at length the structural problems facing Crude. So the pressure the energy markets are under, both from the demand and supply sides, should come as no surprise. This double whammy to the Crude market is not likely to be resolved overnight; demand-supply issues require time to work through a market.
Through hydraulic fracking and a massive influx of investment capital, the US has again become a major oil producer. But it’s the speed with which new supply from the US has come on line that has taken the market by surprise and rocked prices.
The 4 million plus barrels of extra oil that the US is suddenly producing is causing a problem for exporters like Saudi Arabia, who now need to find new markets for their oil. Most of the world’s oil is not sold in futures contracts for delivery one to three months out. Rather oil contracts are long term in nature, made over 1 to 3 year periods. And the competition for existing oil markets has been fierce, forcing suppliers to drastically cut their prices relative to spot. (more)

Please share this article

Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil

from Zero Hedge

With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet (as the Ruble slides with the falling oil price stabilizing domestic inflows), the ‘secret’ Saudi-US oil deal that pressured prices for crude down to $80 (18-month lows today) has ‘hurt’ a lot of the world’s producer nations. However, as Bloomberg reports, there is one nation that is very grateful. The number of supertankers sailing toward China’s ports surged to a nine-month high as over 80 very large crude carriers (VLCCs) – the industry’s biggest ships – sail toward the Asian country’s ports. At an average of 2 million barrels each, the 160 million barrels will help refill China’s 727 million barrel SPR which it started in 2012.
Continue Reading at…
Please share this article

2015 Natural Gas Forecast

You've got one more week to become a gas bull.
I'd give myself the same deadline if my readers and I weren't already expecting a natural gas comeback. Personally, I find it nearly impossible not to have a strong outlook for gas.
Over the last few years, ever since gas prices bottomed out, we've talked about the growing role the fuel is playing in the United States, whether it is against the coal industry or even taking on renewables like wind.
Investors that passed on gas last winter undoubtedly regretted their inaction. But with prices down 25% since last June, is the market giving you a second chance?
I have a feeling the bearish sentiment we've been seeing far too often lately will start swinging the other way. (more)

Please share this article

Nu Skin Enterprises, Inc. (NYSE: NUS)

Nu Skin Enterprises, Inc. develops and distributes anti-aging personal care products and nutritional supplements under the Nu Skin and Pharmanex brands. It offers skin-care systems and treatment products, including age LOC Galvanic Spa System, age LOC Galvanic Body Spa, and age LOC Transformation anti-aging skin care system, as well as other cosmetic, personal, and hair care products. The company also provides age LOC TR90 weight management and body shaping systems; LifePak; age LOC R2 nutritional supplement; and age LOC transformation daily skin care system. It is involved in the research and product development of aging, including the influence of certain ingredients on gene expression.
Take a look at the 1-year chart of Nu Skin (NYSE: NUS) with the added notations:
1-year chart of Nu Skin (NYSE: NUS)
NUS peaked back in January at almost $140 and proceeded to lose over 70 percent of its value from there. The stock seems to have bottomed out a bit over the last 2 months, and over that period of time the stock has commonly hit a very important level of resistance at $50 (blue). If the stock can break above $50 higher prices should follow.

The Tale of the Tape: NUS has a key level of resistance at $50. A long trade could be entered on a break through that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $50.
Please share this article

Has Cotton Created A Head & Shoulders Bottom?

Cotton Futures--- Cotton futures in the December contract are trading above their 20 but still below their 100 day moving average trading in a 3 month channel settling last Friday in New York at 63.00 currently trading at 64.80 up about 80 points for the trading week with a possible head and shoulders bottom starting to be created on the daily chart. There is major support in the December cotton at 61 and major resistance at 66 with large world supplies keeping a lid on prices also due to the fact of a strong U.S dollar as harvest activity will start to improve over the next several days in the southern part of the United States bringing in a near record crop as I’m still sitting on the sidelines in this market because the trend currently is mixed.

Cotton prices have dropped over 2000 points from the summer highs and has now been consolidating for the last 3 months so continue to look for a breakout above 66 on the upside & below 61 on the downside but at the current time look at another market with a stronger trend as choppy markets are difficult to trade in my opinion. TREND: MIXED –CHART STRUCTURE: EXCELLENT (more)

Please share this article

NatGas Trading Range Breaks Down Amid Bearish Start To Heating Season

Natural gas inventories rose by 94 bcf last below, at the low end of expectations.

Natural gas was last trading flat at $3.65/mmbtu after the Energy Information Administration reported that operators injected 94 billion cubic feet into storage last week, at the low end of analyst expectations.

The latest injection was above last year’s build of 87 bcf and above the five-year average build of 74 bcf.

In turn, inventories now stand at 3,394 bcf, which is 348 bcf below the year-ago level and 332 bcf below the five-year average (calculated using a slightly different methodology than the EIA).  (more)
Please share this article

Bond Funds Stock up on Treasuries in Prep for Market Shock

by Tim McLaughlin

(Reuters) – U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations.
Through September, corporate bond portfolios boosted their holdings of U.S. government debt by 15 percent, compared with a 6.5 percent increase in corporate bonds during the same period, according to Lipper Inc data. The funds now hold about $13 billion in Treasuries, 15 percent more than the $11.3 billion they held at the end of 2013.
Corporate bond funds typically invest in a range of debt that includes mortgage-backed securities, U.S. Treasuries and bonds backed by student loans, credit cards and auto loans.
Continue Reading at…
Please share this article

Friday, October 24, 2014

Why Amazon Is Crashing: Jeff Bezos’ Nightmare Quarters In Charts / by Tyler Durden on 10/23/2014 16:26
The only six charts you need to know why the Amazon dream is over and why AMZN stock is currently crashing after hours to fresh 52 week lows.
Total employees and global sales growth:

Please share this article

Victor Sperandeo: What Surprise Action To Expect In Gold, Stocks & Oil / October 23, 2014
Today a legendary trader and investor spoke with King World News about what surprise action to expect in gold, global stock markets, and oil.  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 issued by Sperandeo.
Sperandeo:  “Despite today’s action, there is no question that gold has made a bottom.  Gold recently tested the $1,192 level on the December futures contract.  It then popped back above $1,200 again.  But gold keeps testing those lows and bouncing higher, and there’s really no major news to make the gold market keep doing that….
Continue reading the Victor Sperandeo interview below…
Please share this article

Ellie Mae Inc (NYSE: ELLI)

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. Its mortgage management solutions streamline and automate the process of originating and funding new mortgage loans, facilitating regulatory compliance, and reducing documentation errors. The company provides Encompass, a proprietary software product that combines loan origination, business management, and customer relationship management (CRM) software for mortgage originators into one end-to-end system.
Take a look at the 1-year chart of Ellie (NYSE: ELLI) below with my added notations:
1-year chart of Ellie (NYSE: ELLI)
ELLI has been trending consistently higher for the last 6 months, and during that time the stock has also formed a clear trendline of support (blue). In addition, the stock had also created at 52-week high resistance level at $36 (red) in August and September. At some point ELLI was going to have to break one of those two levels, and late last week the stock broke through resistance to a new high.

The Tale of the Tape: ELLI broke though its $36 resistance, which was also a new 52-week high. A long trade could be made on a pullback down to the $36 level with a stop placed below that level. A break back below $36 should lead to a fall down to the trendline support, which is currently near $33.
Please share this article

HUI to Gold Ratio Collapsing

by Dan Norcini
Trader Dan Norcini

There is only one comment that I can make based off of what I see from this chart; either the gold mining stocks are tremendously UNDERVALUED compared to the price of the metal or the gold price is way too high.

This ratio just touched a level last seen in DECEMBER 2000! That is FOURTEEN YEARS AGO!

Perhaps some more of these gold miners need to head to bankruptcy but with the ratio at current levels, and with the HUI itself trading at a SIX YEAR LOW this month ( refer to that chart I posted previously today) I am leaning to the view that the gold price is too high.

Talk about a disaster....
Please share this article

Saudi Arabia Surprises Market With Supply Cut Announcement, Oil Jumps

from Zero Hedge
Saudi Arabia, it appears, had enough of shooting itself in the foot for its American ‘partners’, and has admitted for the first time that it slashed supply in September. As Bloomberg reports, OPEC’s biggest producer cut supply to mkt by 328k b/d in September to 9.36m b/d, from 9.688m b/d in August, according to a person with knowledge of Saudi Arabia’s oil policy. Prices in September were flat admit this supply cut which suggests along with the build in EIA inventories seen yesterday that Saudi Arabia may have also been forced by global demand weakness to cut supply through October also.
Continue Reading at…
Please share this article

“Real” Stock Volatility In October Highest Since Lehman / by Tyler Durden on 10/23/2014 14:40
While VIX pumped-and-dumped (in a manner never seen before in its history), ‘real’ volatility of the day to day moves across the major stock indices remains extremely elevated. For the Nasdaq and Dow Transports, the average true range over the last few weeks is the highest since the post-Lehman collapse
Please share this article

Thursday, October 23, 2014

The Crash of 2014: A Special Briefing for All Casey Subscribers

Over the last several months, our team has accumulated significant evidence that a market crash is imminent.
by Olivier Garret, Chief Executive Officer
Casey Research

Dear Subscribers and Readers,
As CEO of Casey Research, I’m issuing an urgent alert: Over the last several months, our team has accumulated significant evidence that a market crash is imminent.
Dominick Graziano, our lead technical analyst and contributor to The Casey Report, has been following this movement for months. In August, he warned that “several reliable signals portend a stock market correction, or worse” to come as we reentered trading season. He also correctly predicted oil’s tumble and much more broadly that “the dollar is likely headed much higher, and commodities lower, in the months ahead.”
Continue Reading at…

Please share this article

Doc Eifrig and Charles Nenner (Audio): Stansberry Research

We have a fantastic show for you today... with two special guests.
First, Dr. David "Doc" Eifrig, editor of Retirement Millionaire, joins the podcast to talk about one of the biggest breakthroughs in cancer he has EVER seen.
You'll hear him break down exactly how this technology works and tell you the best way to invest in this game-changing trend.
Then, Frank brings on his second guest, legendary analyst Charles Nenner. Charles is the founder and president of the Charles Nenner Research Center.
You won't want to miss his comments on gold, inflation, and interest rates.
Frank also breaks down the current earning season and shares some key comments from several conference calls that he has been able to sit in on, including: Coca-Cola, Halliburton, IBM, and McDonald's to name a few...(more)
Please share this article

Dennis Gartmam: “Buyers beware, the bear market has begun“:

The selloff in global markets is set to continue as a bear market takes hold “for a long period of time,” according to widely followed investor Dennis Gartman, who warned investors not to go long on stocks.
“This is the start of a bear market,” Gartman, the founder of the closely watched Gartman Letter, told CNBC Europe’s “Squawk Box” on Thursday. “You stay in cash and you stay in short term bonds and you don’t move out, this is a very difficult period of time and I’m afraid – and
I don’t like to think about it – but this might be the very beginnings of a bear market that could last some period of time,” he warned.
And first thing this morning:(more)
Please share this article

Danielle Park – Getting Ready For The Other Shoe To Drop

from Financial Survival Network
What a difference two weeks makes. When Danielle Park and I last spoke, Wall Street was partying like it was 1999. Now things are not so good. A 9 percent correction and you can feel the panic start to set in. Will it continue or is this just a normal correction? The problem is that nothing about this market is normal and there hasn’t been a normal correction since the crash. Volatility is up and so is fear. Is this the start of a secular bear or is there still time for more fun and games? We’ll know the answer soon.
Click Here to Listen to the Audio
Please share this article

When Oil Rebounds, These Companies Will Soar

If you're worried about U.S. oil stocks, today's essay is for you...
Over the past few months, the price of oil has crashed. Meanwhile, many oil stocks are down double digits.
That's a big loss. But the downturn is creating a great opportunity for investors...
As regular Growth Stock Wire readers know, new drilling techniques have allowed the U.S. to tap into vast oil and gas reserves locked away in shale.
As a result, U.S. oil production has increased 63% from the low in 2008 to today. That's a massive increase in a short period of time. And as we've shown in these pages before, these technologies will help U.S. oil production keep soaring.
But rising supply of oil and a strong U.S. dollar have caused the oil price to fall recently. West Texas Intermediate (WTI) crude oil has fallen from around $106 per barrel in June to about $83 per barrel today. (more)
Please share this article

HMS Holdings Corp (NASDAQ: HMSY)

HMS Holdings Corp. provides cost containment services to government and private healthcare payers and sponsors. The company’s services include co-ordination of benefits and program integrity services. Its co-ordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to co-ordinate benefits for incoming claims; and program integrity services identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements.
Take a look at the 1-year chart of HMS (Nasdaq: HMSY) below with my added notations:
1-year chart of HMS (Nasdaq: HMSY)
Excluding a drop in April, and a rally in August, HMSY has traded in somewhat of a range. Since the end of February the stock has commonly stalled at $21 (red), and starting at the beginning of June HMSY has always found support at $18 (green). At some point the stock will test or break one of these two levels again and provide potential trading opportunities.

The Tale of the Tape: HMSY has key levels to watch at $21 and $18. Long trades could be considered at $18 or on a break through $21. Short trades could be made at $21 or on a break below $18.
Please share this article

Wednesday, October 22, 2014

Special Report: The 64-Month Pattern in Stocks and Gold

Years ago when I set out to study huge growth patterns in markets — more commonly known as “bubbles” — I discovered a remarkable timing signature common to every single one of these patterns:
They all last exactly 64 or 65 months.
All the “name-brand” market bubbles in history have lasted 64 or 65 months from initial growth to blow-off top.

This includes the 3 biggest bubbles in modern market history:

- the Dow into the 1929 peak
- the Nikkei into the 1989 peak
- the Nasdaq 100 into the 2000 peak
This also includes more recent bubbles, such as home-builders into 2005, and crude oil into 2007, and for a more recent example, the stock of Priceline (PCLN). (more)

Please share this article

David Gurwitz – Buy Signal For Gold, Sell Signal For Oil… What’s Next?

from Financial Survival Network

David Gurwitz has been with Charles Nenner Research for over a decade. During that time he’s never given up his taste in music or his passion for basketball, which is a good thing because trading calls upon all these skills and more. Right now, Nenner’s cycle based system has been flashing a buy signal in gold. Silver hasn’t hit it yet, but a close above $17.50 should do the trick. Oil flashed a sell signal a while ago and the results have been self-evident, with $80 oil for all to see. But it will come back at some point, watch for a close above $85 and you’ll know. To find out forecasts for bonds and the world’s stock markets listen on.
Click Here to Listen to the Audio
Please share this article

What's Next For the Dow Jones?

The Dow closed higher with an inside day. The turning points this week seem to be Wednesday (minor) and Friday (main). A reaction high this week still points to a lower low perhaps for the week of November 3rd. It appears that the Phase Transition in stocks will be postponed into the downside of the ECM. This is a reflection of the bubble that is unfolding in debt. This looks like the BIG BANG we targeted for 2016 is unfolding as we first scheduled back in 1985.

Many email have been coming in about the 1985 forecasts. This is what I mean there cannot be personal opinion. NOBODY can point and forecast something like this 30 years in advance with any such specific events. Long-term trends are set in motion and are un-changeable. Fundamentals are simply noise. Market commentators can and do take the same event and can construct it as bullish or bearish to fit the immediate price action. Like when news is bullish but stocks still decline – they then say “it was not bullish enough.” 

Please share this article

Profit from the Fall in Corn Prices

On Monday, I had the chance to toss back a few drinks on Water Street here in Baltimore. The Orioles were going to be losing to the Royals in a few hours, but we didn't know it at the time, so we reveled in the pregame, hometown baseball excitement.
I was meeting with a guy named Bill who was in the investment game and hailed from Omaha, Nebraska. He claimed he was "the other one," which got a laugh — meaning he wasn't Warren Buffet, the famous Oracle of Omaha.
We talked about a bit about Baltimore, which always comes down to that HBO series The Wire. I mentioned how when I was in Kenya, two Germans asked if Baltimore was like that... drugs and gangs and murder.
Like much in America, it is and it isn't. Baltimore is also about Under Armor, Johns Hopkins, and T. Rowe Price.
And besides, since the crack wave receded a decade ago or more and the 20-somethings moved downtown, the crime rate has been falling. (more)

Please share this article

Jim Rogers: Investing with Street Smarts

This week we have a special treat for listeners... American investor, author and one of the most brilliant market speculators joins Stansberry Radio.
Jim Rogers, Chairman of Rogers Holdings and Beeland Interests, Inc. and the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodity Index.
Porter asks Jim to comment on the overall health of the markets, total U.S. debt, and the Fed's spending habits...
And you won't want to miss his thoughts on the collapse of the dollar?
A little hint... It's a lot sooner than Porter predicts. You'll get his detailed analysis...
Plus, find out why he says he is still bullish on agriculture...(click here to listen)
Please share this article

Tuesday, October 21, 2014

Globus Medical Inc (NYSE: GMED)

Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. It offers approximately 120 products that address an array of spinal pathologies, anatomies, and surgical approaches. The company’s fusion products are used in cervical, thoracolumbar, sacral, and interbody/corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions. Its disruptive technology products provide material improvements to fusion procedures, such as minimally invasive surgical techniques, as well as new treatment alternatives, which include motion preservation technologies, such as dynamic stabilization, total disc replacement and interspinous process spacer products, and advanced biomaterials technologies; and interventional pain management solutions, including treatments for vertebral compression fractures.
Take a look at the 1-year chart of Globus (NYSE: GMED) below with added notations:
1-year chart of Globus (NYSE: GMED)
GMED has been trading sideways for the last 2 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. GMED’s rectangle pattern has formed a $20 resistance (red) and a $19 support (green). At some point the stock will have to break one way or the other.

The Tale of the Tape: GMED is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $19, or on a breakout above $20. Short opportunities would be on a rally up to $20, or on a break below $19.
Please share this article

5 Best Biotech Stocks to Buy Now

BiotechDNA185 5 Best Biotech Stocks to Buy Now

Biotech stocks to buy aren’t exactly the most popular investments on Wall Street right now.
The “risk on” environment of 2013 seems to have evaporated, with volatility heating up and many investors taking shelter in old stalwarts like consumer staples and even bond funds. Biotech stocks are often seen as risky and more speculative by investors, particularly those who prefer entrenched health care stocks like Johnson & Johnson (JNJ[2]) or Pfizer (PFE[3]) in Big Pharma.

But if you’re looking for outperformance in 2015, then the modest risk but big-time potential of biotech stocks could be just what the doctor ordered.
There are many reasons to be bullish on healthcare stocks broadly — both because of the recession-proof nature of the sector, and the growth that is sure to come from greater access to insurance via Obamacare and demographic tailwinds thanks to aging Boomers who will need more care and medications. (more)

Please share this article

Despite Struggle, Gold & Shares Coiled For Upside Explosion

from King World News
Today KWN is putting out a special piece which features an incredible chart showing that despite the recent weakness, gold and the gold shares may be coiled for a major upside explosion. These are charts that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us the key chart that all KWN readers around the world need to see.
Below is the remarkable chart sent to KWN by David P. out of Europe, along with his brief commentary.
Epic Chart Reveals The Massive Opportunity In Gold Stocks
Continue Reading at…
Please share this article

Homebuilder Update (Start Shorting Again) / by David Kranzler / October 20, 2014
The homebuilder stocks had a steep sell-off that occurred the week of October 6.  It culminated a move lower that started the first of week of July when the Dow Jones Home Construction Index (DJUSHB) topped out at 520.  From that top to the low of 428 on October, the DJUSHB dropped 17.6%.   In that same time period, the S&P 500 dropped only 2%.  There’s a message there…

Please share this article