Saturday, November 29, 2014

Top 10 Dow Dividend Stocks for December

After an up-and-down October that saw Ebola fears, worries about the state of the European Union and slowing Asian growth all hit the market, the stock market has rallied, and the S&P 500 and Dow Jones Industrial Average have notched record highs on several occasions.
With the current dividend yield of the S&P 500 sitting at a meager 1.86% and 10-year Treasuries sitting at just 2.25%, the stock market looks like a tempting place to invest your money. And what better place for a risk-shy income investor with a hankering for a bit of capital appreciation than the stodgy, blue-chip-heavy Dow Jones Industrial Average?

While not every stock in the Dow is a screaming yielder, you can find a lot of income on the higher end. For instance, even the worst of the top 10 dividend stocks in the Dow yields 2.8% — and once you get to the top, you’re looking at yields north of 5%! (more)

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There's Nothing 'Boring' About Advance Auto Parts (NYSE: AAP) Stock's Double-Digit Breakout Potential

In "One Up on Wall Street," Peter Lynch told investors that a key principle for finding winning stocks is selecting companies whose businesses are not particularly sexy or exciting.
Today's pick operates in what some may consider a "boring" market segment, but the stock is exciting to me because it has a strong chart and excellent fundamentals.

Advance Auto Parts (NYSE: AAP) is North America's largest automotive aftermarket parts provider.
With cars and trucks lasting longer than they used to, consumers put increased dollars into maintaining their existing cars, spurring demand for auto parts.  (more)

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5 Top Analyst Stocks That Could Double In Price: Penn Virginia Corporation (NYSE: PVA), Hercules Offshore, Inc. (NASDAQ: HERO), Glu Mobile Inc. (NASDAQ: GLUU), Seabridge Gold, Inc. (NYSE: SA), Ocera Therapeutics, Inc. (NASDAQ: OCRX)

With the holiday-shortened week taking place, many equity investors have been very thankful for another tremendous year in the stock market. Still, one can only wonder what sort of upside the bulls are hoping for through the end of 2014 and into 2015 and beyond. 24/7 Wall St. has decided to comb through our recent analyst research records looking for some of the top stocks that analysts around Wall Street think can roughly double in price.

As a reminder, most stocks that are called on to double are far more speculative than traditional DJIA and S&P 500 stocks — although sometimes analysts get excessively ambitious in some of those companies as well. As we often say in our analyst calls in stocks under $10, some of the riskier stocks could even ultimately fail!  (more)

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A Hidden Gem Of Bill Gates' Portfolio Is Now A Bargain: Arcos Dorados Holdings, Inc. (Nasdaq: ARCO)

You know the old saying, "the rich get richer..." Well, when it comes to Bill Gates, it surely is true.
He amassed a multi-billion dollar fortune when he ran Microsoft Corp. (Nasdaq: MSFT), and he's making a lot more money through his two investment firms, Cascade Investments and the Bill & Melinda Gates Foundation Trust. (Credit also goes to a savvy right-hand man, Michael Larson, who by one recent account, has helped Gates grow his post-Microsoft nest egg to $82 billion from $5 billion.)
That's why so many investors track the ongoing portfolio moves by Gates, Larson and their team. Simply following in their wake can help generate solid portfolio gains. But there's a catch. These folks don't make short-term trades, they make long-term investments. I profiled that approach a few years ago as Gates and his team kept buying shares of AutoNation, Inc. (NYSE: AN), even as shares repeatedly hit new highs. (more)

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We Are Closing In On Absolute Panic In The Gold Market

On the heels of the news that more European central banks are coming under enormous pressure to repatriate their gold held abroad, today Egon von Greyerz said we are closing in on absolute panic in the gold market. Below are his comments about the stunning ramifications of what is transpiring.

Greyerz: “Eric, I think 2015 will be the year when the world finally discovers that the emperor has no clothes because there is a total disconnect between reality and financial markets around the globe. We have stagnant growth and there is no net investment anywhere in the West, and there is no investment in infrastructure in the West. Private debts are at record highs and public debts are even bigger, and none of this will ever be repaid. This is the backdrop even as financial markets hit new all-time highs....(more)

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Will $60 Oil Be The Black Swan?


investmentresearchdynamics.com / Dave Kranzler / 
If it is, I don’t know of anyone who saw that coming.   I have been asserting over the past month or so that the plunge in the price of oil is the best indicator that the global economy - including and especially the U.S. economy – is collapsing.
There had been a bubble of sorts blown up in the shale oil industry.   Billions in junk bonds have been issued against what is turning out to be the latest of Wall Street’s financial engineering Ponzi schemes.   But what everyone seems to be overlooking is that the banks and private equity firms themselves are going choke on the billions in bank debt issued by the collapsing shale oil industry.
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Friday, November 28, 2014

OPEC Refuses to Cut Production, Oil Plunges off the Chart


wolfstreet.com / by  • 
The global oil glut, as some call it, is caused by the toxic mix of soaring production in the US and lackluster demand from struggling economies around the world. Since June, crude oil prices have plunged 30%. It drove oil producers in the US into bouts of handwringing behind the scenes, though they desperately tried to maintain brittle smiles and optimistic verbiage in public.
But everyone in the industry – particularly junk bondholders that have funded the shale revolution in the US – were hoping that OPEC, and not the US, would come to its senses and cut production.
So the oil ministers from OPEC members just got through with what must have been a tempestuous five-hour meeting in Vienna, and it was not pretty for high-cost US producers: the oil production target would remain unchanged at 30 million barrels per day.
“It was a great decision,” Saudi Oil Minister Ali al-Naimi said with a big smile after the meeting.
Saudi Arabia and other Gulf states were thus overriding the concerns from struggling countries such as Venezuela which, at these prices – and they’re plunging as I’m writing this – will head straight into default, or get bailed out by China, at a price, whatever the case may be.
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Bearish Housing Market Data – Homebuilders Headed For A Fall


investmentresearchdynamics.com / By David Kranzler / 
On Wednesday the Census Bureau released its new home sales report and the National Association of Realtors released its Pending Home Sales Index.   Both data series missed Wall Street estimates by a country mile, with new home sales showing a slight gain over September and the Pending Home Sales unexpectedly dropping from September.  With regard to the reliability of the Census Bureau data, John Williams of Shadowstats.com explains:
A lack of stability continued with the Census Bureau’s headline monthly reporting of new-home sales in October…headline reporting remained extremely unstable. Sudden initial headline surges in monthly activity appear to provide no more than one-shot media hypes, which disappear with the next month’s revisions.
In other words, the Government’s estimates for new home sales is unreliable.
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Gold And Silver Overview

gold-eagle.com / Florian Grummes / November 26, 2014

Review:

  • In my last analysis from 19th of October I expected Gold to break down below US$1,180.00 rather sooner than later. After a final push towards US$1,256.00 the bears took over again and Gold sold off all the way down to US$1,130.00.
  • Unfortunately Gold never made it to my recommended entry level (US$1,275.00-US$1,285.00) for a short sell swing-trade.

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US Dollar Relieving Overbought Condition

It is no secret that the currency flavor of the year has been the US Dollar. King Dollar has reigned supreme over the Forex markets especially since this summer when it began a torrid bull move higher breaking out above 81 and making a run to near 87 before it caught its breath and backed down a bit. It decided to run some more, this time to 88.50 before again pausing.
 
Right now, the currency markets are rather subdued thanks to the US holiday ( don’t blink however because it all might change!). There has been some movement in the major crosses but not that much to speak of in terms of anything significant. It seems that for the moment, traders are content to let the various pairs meander in some tight ranges.

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“It’s Different This Time?” What Happened To US Oil Drillers During The Last Price War


zerohedge.com by Tyler Durden on 11/26/2014 14:38
History may not repeat but it rhymes so loud sometimes that Einstein would be rolling in his repetitively insane grave. As Bloomberg notes, the last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. “1986 was the big price collapse and the industry did not see it coming,” said Michael Lynch, president of Strategic Energy and Economic Research who has covered the oil sector for 37 years, “it put a lot of them out of business. You just don’t forget it. It’s part of the cultural memory.” Think it can’t happen again? Think again… consider how levered US Shale drillers are and just what Saudi has to gain from keeping their foot on the US neck… In 1986, the U.S. industry collapsed, triggering almost a quarter-century of production declines, and the Saudis regained their leading role in the world’s oil market.
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Thursday, November 27, 2014

Charles Nenner: “Gold close to Major Bottom” McAlvany Commentary



McAlvany Financial, Published on Nov 26, 2014
http://mcalvany.com
-Alan Greenspan: “Gold to go Considerably Higher”
-Central Banks create Illusion of Security
-Nenner on Gold: Target is $2100, then $3500

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LinnCo LLC (NASDAQ: LNCO)

LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
Take a look at the 1-year chart of LinnCo (Nasdaq: LNCO) with the added notations
1-year chart of LinnCo (Nasdaq: LNCO)
Over the last 2 months, LNCO has been consolidating within a couple of short-term price levels. First, the stock has formed a clear support level at $20 (red). Next, the stock has also been forming a down trending resistance level (blue). These two levels combined have LNCO stuck within a common chart pattern known as a descending triangle that will eventually have to break one way or another.

The Tale of the Tape: LNCO is currently trading within a descending triangle. A long trade could be made on a break above the down trending resistance or a pullback to the $20 support. A short trade could be placed on LNCO if the stock breaks below the $20 support level.
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China’s Rate Cuts Spur Speculation

Nowadays, it seems like everyone claims they foresaw the magnitude of the collateral damage that hit after the U.S. housing bubble burst.
In reality, most people ignored the major warning signs.
In July 2007, Bear Stearns disclosed that two of its credit hedge funds with exposure to subprime mortgages had lost nearly all of their value.
Yet the S&P 500 didn’t peak until October 2007, well after problems in the mortgage market had begun to spread. And even then, most economists and strategists were clueless as to what would happen next.  (more)

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19 US Shale Areas That Are Suddenly Endangered, “The Shale Revolution Doesn’t Work At $80″

Despite the constant blather that lower oil prices are "unequivocally good" for America, we suspect companies working and people living these 19 Shale regions will have a different perspective...

Drilling for oil in 19 shale regions loses money at $75 a barrel, according to calculations by Bloomberg New Energy Finance. Those areas pumped about 413,000 barrels a day, according to the latest data available from Drillinginfo Inc. and company presentations.


“Everybody is trying to put a very happy spin on their ability to weather $80 oil, but a lot of that is just smoke,” said Daniel Dicker, president of MercBloc Wealth Management Solutions with 25 years’ experience trading crude on the New York Mercantile Exchange. “The shale revolution doesn’t work at $80, period.”
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Myriad Genetics, Inc. (NASDAQ: MYGN)

Myriad Genetics, Inc., a molecular diagnostic company, focuses on the development and marketing of predictive, personalized, and prognostic medicine tests in the United States and internationally. The company operates through three segments: Research, Molecular Diagnostics, and Pharmaceutical and Clinical Services.
Take a look at the 1-year chart of Myriad (Nasdaq: MYGN) with the added notations:
1-year chart of Myriad (Nasdaq: MYGN)
MYGN shot higher back in the beginning of the year, but has since traded sideways. You will notice that since March the stock has found support at $32 (blue) whenever that level has been approached. Now the stock is almost there again. Traders should be able to expect some sort of bounce, most likely up to $34 (red), and then $40 (green) if that resistance is broken.
However, if the $32 support were to break, much lower prices should follow.

The Tale of the Tape: MYGN has a key level of support at $32. A trader could enter a long position at $32, or on a break above $34, with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Wednesday, November 26, 2014

Three Most Vulnerable Dow Stocks: GS, PFE, MSFT

More records for the market to start off the holiday shortened week as the market internals were positive in line with the market’s gains. The small-caps once again led the way as the S&P 600 and Russell 2000 were both up over 1%.
The Dow Utilities and the Philadelphia Oil Service Index led on the downside losing over 0.80% on the day. The market seemed to shrug off the disappointing economic data and the market gets a series of new economic reports before Thanksgiving.
Today we get the second reading on the 3rd quarter GDP, the S&P Case-Shiller Housing Price Index, and Consumer Confidence. On Wednesday, we get the University of Michigan's month end reading on Consumer Sentiment, Durable Goods, New Home Sales, and the Pending Home Sales Index.  (more)

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Top 5 Penny Stocks for 2015: Novavax Inc. (Nasdaq: NVAX), Halcon Resources Corp. (NYSE: HK), Data I/O Corp. (Nasdaq: DAIO), Plug Power Inc. (Nasdaq: PLUG)

The best penny stocks to buy for 2015 have something many penny stocks don’t give investors. They all belong to solid companies.
You see, penny stock investing is full of risks. Shell companies masquerade as profit machines. Pump-and-dump scams can leave investors penniless. And over-the-counter (OTC) and Pink Sheets stocks don’t report financial information.
You won’t find any of that here. These five stocks all trade on the New York Stock Exchange or Nasdaq. They have strong 2015 guidance figures. Some operate in a high-growth industry.  (more)

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OPEC to Declare War on the US on Thanksgiving Day

caseyresearch.com / By Marin Katusa / Nov 25, 2014
In two days, on Thanksgiving Day in the US, the Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna. The hot question of the day is, of course: Will OPEC cut oil production or not, and by how much?
Saudi Arabia alone makes up 25% of OPEC’s oil production and is OPEC’s controlling member. Will Saudi Arabia want a reduction, and will OPEC make a meaningful production cut of, say, over 2.5 million barrels of oil per day (bopd)?
2.5 million barrels—that’s the amount the current bulls have been speculating about. (In comparison, the average production cut by OPEC over the last 30 years was around 1.25 million bopd.)
My answer is no; there’s no way that OPEC under Saudi Arabia’s watch will cut production anywhere near 2.5 million bopd. At most, it’ll make a nominal cut, most likely between 500,000 and 1 million bopd… closer to 500,000, if any cut at all.
A senior officer of OPEC agrees with me, as you’ll see in the video interview below.

A Few Important Aspects of OPEC’s Oil Production

Even if OPEC does agree to cut oil production—and anything below 2.5 million bopd isn’t going to change the current oversupply of oil—we fully expect some of the member states to cheat and not stick to their production quota. That’s an assumption the aforementioned OPEC officer confirms.

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The Four Best Investments for a Falling Yen

The yen is poised for a dive, and we've found the best investments for a falling yen.
Japan's 20-year fight with deflation was made worse last week with news that the country is in recession.
This was after the Bank of Japan announced an acceleration to its so-called "qualitative and quantitative easing program" on Oct. 31.
Japan will be pumping trillions of yen into its economy in the months to come. Japan's goal is to stoke inflation, spur demand, and fuel export growth. (more)

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Here's the U.S. Dollar's Next Move

 
You see, parabolic moves – a move that is nearly straight up in an asset – always end at some point.
 
The dollar did pull back shortly after my essay. But it wasn't the dramatic decline that typically follows a parabolic move. It was mild and shallow.
 
Since then, the U.S. Dollar Index has rebounded and rallied to an even higher level. And traders are betting on the rally continuing.
 
But in the short term, I'm not so sure...
 
Take a look at this daily chart of the U.S. Dollar Index...
 
 
Note the Moving Average Convergence Divergence (MACD) momentum indicator at the bottom of the chart. The MACD is a measure of overbought and oversold conditions. And today, the MACD is overbought – which warns of an impending decline in the market.(more)
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Tuesday, November 25, 2014

US Stocks Surge To ‘Best’ Streak In 86 years


zerohedge.com / by Tyler Durden on 11/24/2014 16:03
The last few weeks have been the strongest and most consistent rallies in US equity market history. US equity markets have traded above their 5-day moving average for 27 days – the longest such streak since March 1928 (h/t MKM’s John Krinsky) and all amid  GDP downgrades, missed PMIs, and downward earnings outlook revisions. Given the holiday week, it is hardly surprising volume was weak today. Stocks were very mixed today with Russell 2000 and Nasdaq leading the way (along with Trannies) as Dow and S&P showed very small gains – to record highs though. Bonds were also bid with a strong 2Y auction extending the drops in yields (0-2bps) led by 7Y. The USDollar fell 0.4% – led by EUR strength – as JPY, CAD, and AUD all weakened. Despite USD weakness, oil (big drop intraday), copper, and gold also dropped on the day with silver ending +0.25%. VIX dropped to 12.66 – its lowest close in over 2 months.
READ MORE

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3 Auto Stocks to Buy for Surging Growth in 2015

The majority of U.S. equities have outperformed auto stocks during this most recent bull market. However, economic conditions are picking up for this industry. 2015 looks to book solid growth in both domestic and foreign car sales which will lead the charge in gains for these three stocks Bret Jensen loves to own.
Global auto production and sales in 2014 has been a mixed bag. Domestic sales racked up another good year and are close to being back to the robust levels before the financial crisis. This strength should continue in 2015 with the average age of a U.S. vehicle being over a decade, low financing rates, and the best spurt of job growth in a decade.
Europe continues to struggle with new car registrations near two decade lows. In addition, sanctions on Russia have cratered sales from Europe to Russia. However, auto registrations in the Eurozone have started to creep up in recent months.
FSouth America is suffering through slowing growth and plunging currencies have negatively impacted American operations there. Finally, Chinese auto sales continued to grow at a solid clip. This is a critical market and likely to be the largest auto market for decades to come. Importantly, U.S. automakers are gaining share mostly against the Japanese makers in the Middle Kingdom. Ford (NYSE: F) has doubled its market share over the past two years. (more)

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Diversifying Your Portfolio With Rare Strategic Metals – Cayman Conference Speaker



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High-Yielding Upstream Energy MLPs Solid Buys Despite Oil Drop: Breitburn Energy Partners L.P. (NASDAQ: BBEP), Memorial Production Partners L.P. (NASDAQ: MEMP), Legacy Reserves L.P. (NASDAQ: LGCY), Linn Energy LLC (NASDAQ: LINE)

The huge drop in oil is really starting to show up at the pump for consumers, and right before the holidays that is a blessing. It is also showing up in energy-related stocks and master limited partnerships (MLPs). This may prove to be a blessing for patient, long-term aggressive energy growth and income investors. A new report from UBS documents that the fall in oil prices has certainly made investors nervous, and specific company by company thesis may need to be reviewed.
The UBS team thinks that the upstream MLPs need to continue to execute accretive acquisitions to offset naturally declining reserves and production. They point out the industry catch-22, as many energy and production companies may be sellers of assets, while the MLPs are constrained by cash shortages to make deals. (more)

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It’s Decision Time For Gold, Miners, And The Dollar

zerohedge.com / by mickeyman via World Complex blog / 11/24/2014 12:51
Last month we saw this chart–in which the swings in the GoldxUSDX index had formed a triangle going back over a year. At that time we were quite close to the apex.

The last few weeks have been eventful. We saw a clear break below the lower trendline, followed by a bounce up above the upper trendline. It appears a decision has been made.
READ MORE

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Energy Transfer Equity (NYSE: ETE)

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. In addition, it provides natural gas compression services for customer specific systems; and treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, and dehydration.
Take a look at the 1-year chart of Energy Transfer (NYSE: ETE) below with added notations:
ETE
ETE was on a nice uptrend until October caused the stock to tank. However, just as quickly as the stock fell it rallied right back up again. During the last 3 months the stock had also created a clear level of resistance at $62.50 (green). That resistance level was also a 52-week high resistance. Earlier this week, ETE broke to a new high, and the $62.50 level should now provide support on any pullbacks. A break below $62.50 could signal a false breakout.

The Tale of the Tape: ETE broke out to a new 52-week high. A long trade could be made near $62.50 with a stop placed below that level. A break back below $62.50 would negate the forecast for a continued move higher.
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Monday, November 24, 2014

November Stocks Most Extended from 200 SMA: MNST, EW, YHOO, LUV, AVP, DNR, RIG, NBR

Which top trending stocks – both bullish and bearish – are most extended from their rising (or falling) 200 day Simple Moving Average?
Let’s use this simple yet effective stock scan to highlight eight trade-trending (or fading) candidates right now:

This scan was created from FinViz.com’s Screener Tool focusing on the stocks most over and under extended from the 200 day SMA.
The scan charts the stocks farthest away from the average in percentage terms.
Right now, Monster (MNST) is the most extended and trending stock, followed by Edwards Life Sciences (EW), Yahoo (YHOO), and Southwest Airlines (LUV).
The general strategy here is to highlight these as strong relative strength candidates and put these on watch-lists for future buy signals, usually on retracements.
The more aggressive strategy is to play a “Mean Reversion” strategy which calls for fading overextended stocks as they (ideally) move back toward rising averages (a counter-trend, short-term play).
Personally, I prefer pro-trend strategies but you can use this list however best fits your trading goals.
Our downtrending extending stocks include the following:

Avon  Products (AVP), Denbury (DNR), Transocean (RIG), and Nabors Industrials (NBR).

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The Case for Dividends

• Bond yields have been in a secular decline since the early 1980s. For example, the US 10-year Treasury yield peaked at roughly 16% in 1981 versus 2.3% today. With bond yields so low, investors have increasingly looked to equities to meet their income and cash flow needs. We believe there are a number of long-term supportive trends for dividend-paying stocks and therefore continue to view them as the cornerstone of any investor portfolio.
• History shows that dividends account for a significant portion of total stock returns. Since 1988, the S&P/TSX Composite Index (S&P/TSX) has returned a cumulative 370% on a price basis. However, on a total return basis (including reinvested dividends) the S&P/TSX has returned 823%. This equates to dividends accounting for roughly 50% of total returns over this period. (more)

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This Week in Money with Guests: David Morgan, Eric Coffin, Tim Wood – Nov. 22, 2014



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Avi Gilburt – What Is The Elliott Wave Theory Saying Now About Gold and Oil?

from Financial Survival Network
 Avi Gilburt went from playing professional hockey, to a career in a law and accounting, to becoming a master Elliott Wave interpreter. He tells us his story, sad in parts, inspiring in others. In the past three years, the cycle theorists have called these markets right far more often than anyone else. There’s a reason why and Avi explains it to us. He also tells us why he believes there’s big money to be made in the gold miners and the oil drillers, if you have the guts and the staying power. A new guest, you’ll be hearing from Avi a lot more in the future.
Click Here to Listen to the Audio
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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
forecast
previous
MONDAY, NOV. 24
8:30 am Chicago Fed national activity index Oct.   -- 0.25 3-month
TUESDAY,  NOV. 25
8:30 am GDP revision Q3   3.3% 3.5%
9 am Case-Shiller home prices Sept.   -- 5.1% y-o-y
9 am FHFA home prices Sept.   -- 4.8% y-o-y
10 am Consumer confidence index Nov.   96.7 94.5
WEDNESDAY, NOV. 26
8:30 am Weekly jobless claims Nov. 22   288,000 291,000
8:30 am Personal income Oct.   0.4% 0.2%
8:30 am Consumer spending Oct.   0.4% -0.2%
8:30 am Core PCE price index Oct.   0.2% 0.1%
8:30 am Durable goods orders Oct.   -0.8% -1.1%
9:45 am Chicago PMI Nov.   -- 66.2
9:55 am Consumer sentiment index Nov.   89.5 89.4
10 am New home sales Oct.   470,000 467,000
10 am Pending home sales Oct.   -- 0.3%
THURSDAY, NOV. 27
  Thanksgiving Day
None scheduled
       
FRIDAY, NOV. 28
  None scheduled  
   
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Saturday, November 22, 2014

Chen Lin Says Gold Miners Need to Produce at $1,000/oz or Less to Survive

The Gold Report: You've discussed in your newsletter Goldman Sachs' plan to "push gold [down] to $1,000/ounce" ($1,000/oz). How do you know such a plan exists?
Chen Lin: I am not a big fan of conspiracy theories, but Goldman published a report in early September calling for $1,000/oz gold by the end of 2014. As I saw it, this call was quite aggressive. Goldman will lead and probably has been leading a group shorting gold aggressively. (more)

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Man Who Telegraphed Dutch Repatriation Says U.S. Gold Gone

kingworldnews.com / November 21, 2014
The man who astonishingly telegraphed the Dutch gold repatriation nearly 30 days ago said today that the U.S. gold hoard, which countries believe is safely stored at the New York Fed, is gone.  A portion of his remarkably accurate dispatch on October 23rd is below as well as a link to the entire piece.  There is also a written piece from him below about today’s announcement and what the shocking ramifications of this announcement are.
First, here is just a small portion of how Egon von Greyerz telegraphed today’s stunning news to his subscriberson October 23rd, nearly one month before today’s public disclosure about the Dutch repatriation:
“We have heard from one very reliable source that repatriation of gold is secretly taking place at this moment from the USA to Europe. This is October 2014!
The information contains details about transported quantities by one of the global security firms being much higher than usual, as well as country of destination.
The mere fact that this repatriation of gold appears to be happening in secret confirms what wealth preservation investors have always known, namely that Gold should be held under direct control of the owner. That is the only proof that the gold actually exists.”
Below is today’s commentary from Egon von Greyerz, the man who knew about the Dutch gold repatriation ahead of the rest of the world:
READ MORE
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Ariad Pharmaceuticals Inc (NASDAQ: ARIA)

ARIAD Pharmaceuticals, Inc., an oncology company, is engaged in the discovery, development, and commercialization of medicines for cancer patients. It offers Iclusig (ponatinib), a tyrosine kinase inhibitor for the treatment of adult patients with chronic myeloid leukemia, and Philadelphia chromosome-positive acute lymphoblastic leukemia in the United States and Europe. The company is also developing Iclusig for other blood cancers and solid tumors, such as gastrointestinal stromal tumors, acute myeloid leukemia, and certain forms of non-small cell lung cancer; and various investigator-sponsored trials in indications, including first line and second line CML, acute myeloid leukemia, non-small cell lung cancer, and medullary thyroid cancer.
Take a look at the 1-year chart of ARIAD (Nasdaq: ARIA) below with added notations:
ARIA
ARIA has been trading in a broad, sideways range for the last 4 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. ARIA’s rectangle pattern has formed a $6.50 resistance (red) and a $5 support (green). At some point the stock will have to break one way or the other.

ARIA is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $5, or on a breakout above $6.50. Short opportunities would be on a rally up to $6.50, or on a break below $5.RMD has a 52-week resistance at $53.50. The possible long position for the stock would be on a breakout above $53.50.
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Dollar Comments

I am going to keep these comments short mainly because I am utterly exhausted after the roller coaster ride from this week's markets.

The one thing that stands out, now that the dust has settled, is the action in the US Dollar.




One look at the chart and you can easily see the desired currency of choice among global investors. For all its problems, and there are many, the US Dollar remains the "Go-To" currency. The reason I say this is very simple - The Dollar put in the highest WEEKLY CLOSE in 51 months! It is also less than a full point away from taking out the peak made in June 2010. If it does, it is headed to 90. (more)

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The Levered Canary In The Coalmine: High Yield Is Flashing A “Sell Signal”, Says Barclays


zerohedge.com / by Tyler Durden on 11/21/2014 14:03
The growing divergence between equity and credit markets this year have seldom been far from our pages(especially how, over many cycles, credit has led and stocks followed at trend turns), and now it appears Barclays also recognizes this fact. As they note, in 2007, as hints of the financial crisis were unveiled, spreads in the high yield market increased sharply. Meanwhile, the equity market climbed to a new record high. Had equity investors heeded the warning being sent from high yield, significant losses may have been avoided… and currently high yield sell signals suggest equity investors should position defensively!
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Gold Daily and Silver Weekly Charts – Comex Option Expiration Monday


jessescrossroadscafe.blogspot.com / 21 NOVEMBER 2014
Next week will be a short trading week because of the US Thanksgiving holiday.
Monday will be the last Comex option expiration for the year, for the December contract. We may wish to brace for shenanigans. We are reaching a more critical point in the markets, but do not, absolutely do not, expect this to be easy.
The big changes come when we least expect them, and then as a thief in the night. Betting on short timeframes with leveraged bets is a losing trade 99 times out of 100. And if you hit it big one time, you may chase that adrenalin high again and again, until you are exhausted by the time things really break your way.
Gold and silver continue to dribble out of the Comex warehouses. For a quiet month we saw a bit of gold taken out of New York.
n the Hill and shamed them as well. Until there is reform, there will be no recovery.
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ResMed Inc. (NYSE: RMD)

ResMed Inc. develops, manufactures, distributes, and markets medical equipment for the diagnosis, treatment, and management of respiratory disorders, with a focus on sleep-disordered breathing. Its products portfolio includes airflow generators, diagnostic products, mask systems, motors, and headgear, as well as other accessories, such as cold passover humidifiers, carry bags, and breathing circuits; and humidifiers comprising H5i and H4i, which connect with the continuous and variable positive airway pressure, and AutoSet flow generators to humidify and heat the air delivered to the patient to prevent the drying of nasal passages.
Take a look at the 1-year chart of ResMed (NYSE: RMD) below with added notations:
1-year chart of ResMed (NYSE: RMD)
After moving significantly higher from March until June, RMD has since moved into a large sideways range. During that time the stock has also created a strong resistance at 53.50 (purple). RMD bottomed at $46 for a second time back in October and now appears to be making another run towards 53.50.

The Tale of the Tape: RMD has a 52-week resistance at $53.50. The possible long position for the stock would be on a breakout above $53.50.
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Friday, November 21, 2014

VeriFone Systems Inc (NYSE: PAY)

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, as well as support credit and debit card, EBT, EMV, and other PIN-based transactions; an array of software applications and application libraries; and portable solutions that support 3G, GPRS, Bluetooth, and WiFi technologies.
Take a look at the 1-year chart of Verifone (NYSE: PAY) below with added notations:
1-year chart of Verifone (NYSE: PAY)
PAY had rallied nicely to start the year. After running up to the $38 area in June, the stock pulled back a bit into August. The stock followed that pullback with another run up to $38, and again pulled back, but this time even further. The stock has now tested the $38 level again (red), and may be looking to finally break thru that resistance. That break would also constitute a new 52-week high.

The Tale of the Tape: PAY has a 52-week resistance at $38. The possible long position for the stock would be on a breakout above $38.
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Lukoil Rises in New York as BCS Says Buy on Valuation

OAO Lukoil (LUKOY) rose to a two-week high in New York as BCS Financial Corp. advised clients to buy the Russian oil producer’s stock, saying the “huge discount” to its biggest competitors isn’t justified.
The American depositary receipts jumped 2.7 percent to $47.98 yesterday. The Moscow-listed shares, which gained 2.3 percent, sell for 3.9 times projected 12-month earnings. That compares with an average multiple of 10.5 among 15 global peers, data compiled by Bloomberg show.  (more)

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Time to Buy Gold Miners? The Charts Say…

The price of gold has undergone a painful correction since topping out in August 2011, taking gold mining stocks down with it. But the recent wash-out may have set this group up for a rally in the remainder of the fourth quarter.
The topping pattern in gold mining stocks in 2010 and 2011 was a classic one. That is, when an asset moves meaningfully higher for an extended period of time, it often takes its time forming a top. You've probably heard the saying, "Tops are a process; bottoms are an event."
During that time, sentiment became excessively bullish, with investors seemingly believing gold would continue climbing forever. But, of course, nothing ever does. It was only a matter of time before muted price action ultimately led to a big trend break that completed the topping process.
The chart below displays the Market Vectors Gold Miners ETF (NYSE: GDX) in red relative to SPDR S&P 500 ETF (NYSE: SPY) in blue. At the 2011 top for gold miners, the spread between them and the broader market was wide, which was a clue to exercise caution in the sector.  (more)

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Dennis Gartman: Oil Will Fall Sharply Lower Than Anyone Ever Imagined

HardAssetsInvestor: Is the U.S. oil boom the biggest reason oil has plunged during these last several months?
Dennis Gartman: I would say 40 percent of the reason prices have fallen is production in the U.S.; 30 percent is the dissention and the problems with OPEC; and the rest is weaker-than-expected demand globally. Rising U.S. production is not the only reason oil prices are down, but it’s probably one of the largest reasons.
HAI: U.S. oil production hit 9 million barrels per day earlier this month. How high do you think it can go?
Gartman: We’re going to be at 9.5 million barrels per day by the middle of January because there's just so much stuff still coming on stream. We’ll be 9.5 early next year and we’ll be at 10 by midyear next year. After that, you may get some slowing of the increase in production.  (more)

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ServiceNow Inc (NYSE: NOW)

ServiceNow, Inc. provides cloud-based services to automate enterprise IT operations primarily in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers IT service automation applications, including incident management, problem management, change management, release management, request management, configuration management, asset management, project portfolio, software development lifecycle management, IT cost management, work management, vendor performance management, and resource management, as well as IT governance, risk, and compliance; case management applications, such as HR service automation that provide capabilities to manage the service delivery of human resources departments; and options and add-ons services, such as performance analytics and discovery services, as well as orchestration core, cloud provisioning, password reset, and configuration automation applications.
Take a look at the 1-year chart of ServiceNow (NYSE: NOW) below with added notations:
1-year chart of ServiceNow (NYSE: NOW)
NOW had been trading sideways for the last 5 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. NOW’s rectangle pattern had a $65 resistance (blue) that the stock eventually broke through back at the end of October. The stock has already tested that $65 level as new support earlier in the month, and it looks like it may be on its way down to test it again.

The Tale of the Tape: NOW broke its rectangle resistance. The possible long positions on the stock would on a pullback to $65. A short opportunity would be on a break back below $65.
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Thursday, November 20, 2014

Why Are BlackBerry Ltd. BlackBerry Ltd. (TSX: BB)(Nasdaq: BBRY) Shares Plunging?

In 2014, few companies have enjoyed as much momentum as BlackBerry Ltd. (TSX: BB)(Nasdaq: BBRY). Under the leadership of new CEO John Chen, the firm has cut costs, sold non-core assets, and zeroed in on its core enterprise customers. So far the results have been very promising, and the shares are up over 50% as a result.
Looking ahead, the future is as bright as ever. BlackBerry has just released its newest enterprise server, BES 12, which should solve a lot of its customers’ problems. And there are other areas where BlackBerry could grow, such as its BBM Messaging service and QNX operating system.
But not everyone is convinced. On Wednesday, BlackBerry shares slumped nearly 4% (as of this writing) after Morgan Stanley analyst James Faucette downgraded the company. He now has a “sell” recommendation, and a $7 price target. (more)

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Double Your Money with Alcoa : AA Stock?

The blockbuster trades take the most guts.
As a dude by the name of Joseph Campbell once said, “The cave you fear to enter holds the treasure you seek.”
Damn straight…
And today we’re going to see if you’ve got the guts to pull the trigger on a trade that could double your money by this time next year. I’ll tell you what it is in just a minute…(more)

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Civil Asset Forfeiture: What You Can Do About It

by Simon Black
Sovereign Man

Tan Nguyen was stopped on the highway for driving three miles over the speed limit. The policeman searched the car and found a briefcase of money that Tan said he just won at a casino.
There weren’t any drugs to be found, but suddenly the cop said he smelled marijuana and confiscated the money.
Now, if you or I were to have taken Tan’s money at the point of a gun, it would be called armed robbery, and we’d go to jail.
But when the state does it, it’s called Civil Asset Forfeiture. And it’s perfectly legal.
Continue Reading at SovereignMan.com…

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The Bottom Is Likely in for Sugar

It's tough to be a commodities investor today...
 
Commodities like gold, silver, coal, and uranium have fallen big over the past few years.
 
But as we've told you in Growth Stock Wire before, this sector regularly goes through huge booms and busts. And the best time to invest in commodities is when they hit "no-brainer" prices.
 
After the market leaves a natural resource for dead, things often get better. Production drops... demand picks up... and prices eventually boom. (more)

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Headwaters Inc (NYSE: HW)

Headwaters Incorporated, a building products company, provides products and services in the light and heavy building materials sectors primarily in the United States and Canada. The company’s Light Building Products segment designs, manufactures, and sells siding and exterior siding accessories, professional tools such as portable cutting and shaping tools; manufactured architectural stone products; and concrete-based masonry products, including standard grey blocks, split and ground faced blocks, and polished and textured blocks. Its Heavy Construction Materials segment markets coal combustion products (CCP), including fly ash that is used as a replacement for Portland cement in various concrete applications, such as infrastructure, commercial, and residential construction; and provides CCP disposal services, as well as services to electric utilities related to the management of CCPs. The company’s Energy Technology segment is involved in the heavy oil upgrading processes, and the liquefaction of coal into liquid fuels.
Take a look at the 1-year chart of Headwaters (NYSE: HW) below with added notations:
1-year chart of Headwaters (NYSE: HW)
HW has been trading mostly sideways for all of 2014. During that time, the stock has run up against a very strong resistance at $14 (blue). The stock is now starting to look like it wants to test the $14 level again, and may be looking to finally break thru that $14 resistance. That break would also constitute a new 52-week high.

The Tale of the Tape: HW has a 52-week resistance at $14. The possible long position for the stock would be on a breakout above $14.
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How to Uncover Institutional Buying

One of the best ways to find stocks on the move that are grabbing the attention of investors is to screen for stocks with increasing volume.
This is because increased volume shows investor interest. As more investors buy the stock, the stock's price should go higher.
But the individual investor, while important to the market, doesn't really have the firepower to affect volume the way that big institutional investors do.
And very few things can move a stock more than institutional buying. (more)

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Wednesday, November 19, 2014

Can-Fite Biopharma (NYSE-MKT: CANF)

Tiny float, bottomed over sold chart, at/near 52 week lows and on the verge of biotech breakthrough. This one could move fast this week with such a low share structure and perfect chart setup.

Can-Fite Biopharma (NYSE-MKT: CANF)

Can-Fite BioPharma Ltd. (NYSE MKT: CANF) is an advanced clinical stage drug development company with a platform technology that addresses multi-billion dollar markets in the treatment of cancer and inflammatory diseases. The Company’s CF101 is in Phase II/III trials for the treatment of psoriasis and just completed successful Phase II trials for rheumatoid arthritis. Can-Fite’s liver cancer drug CF102 Phase II trial will start enrolling patients shortly. CF102 has been granted Orphan Drug Designation by the U.S. Food and Drug Administration and is approved for Compassionate Use by Israel’s Ministry of Health. The Company’s drug candidates have an excellent safety profile with experience in over 1,200 patients in clinical studies to date. The Company’s intellectual property portfolio consists of 150 patents issued and pending.

(NYSE-MKT: CANF) Highlights

Nothing but the facts: http:// http://smallcapir.com/wp-content/uploads/2014/11/2014-11-04-CANF-FactSheet_FINAL1.pdf

Power Point Presentation: http://smallcapir.com/wp-content/uploads/2014/11/11-7-2014-Can-Fite-Presentation-BR_FINAL0001-1.pdf

Older Analysis by Roth Capital with $15 price target, prior to the up list to the NYSE: http://smallcapir.com/wp-content/uploads/2014/11/ROTH-Capital-Analysis-1.pdf

This should get everyone in our group familiar with Can-Fite Biopharma for now.
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Monthly Gold & Silver Stock Update: SA, XRA, GORO, TGD, IO, TLR, SVLC, SCZ, FSM

The U.S. Fed’s announcement in October that it was ending quantitative easing capped a tough month for precious metal producers. The news led triggered another wave of selling in gold dropping under $1,200 and silver falling even more aggressively to under $16. The fall only compounds challenges for producers whose third quarter results already show stress from the metal prices.
A technical perspective shows the breach of $1,180 area, a key support level, creating more problems for gold. Unless the price can recover back and hold above, the next downside target should take the price to the $1,088 Fibonacci support area.
The renewed wave of fear has hit gold-silver stocks very hard with 2008 lows now being re-tested. If the gold-silver prices can find a bottom soon, and it could have very well put it has in this past week, then I expect that these stock prices will reverse dramatically. But until the fear of much lower gold and silver prices subsides, negative pressures will dominate and volatility will be at historic levels.

SEABRIDGE GOLD continues to expand its KSM deposit, with new drill results expanding the potential of the Iron Cap Lower Zone including an impressive 593 metre-intercept grading 1.14 g/t gold and 0.37% copper. The company has traced the zone for 750 metres and it is still open to the north and at depth. With so many results coming in Seabridge expects to have a first resource estimate out on the new zone in the first quarter of 2015.  (more)
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The Future of Corn & Ethanol Prices

Corn is a major feedstock for domestic ethanol production, when corn prices move, expect ethanol to follow closely behind.
Roughly a third of domestic corn is used to produce ethanol, and with harvests starting earlier and ending later, that number is only projected to rise.
However, the relationship between corn and ethanol isn't that simple. In the event of a corn surplus, ramped-up ethanol production alone can't entirely stem the overflow from corn inventories, but it will assist in limiting the price fallout from the build-up. (more)

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S&P 500 Hits Goldman Sachs Year-End 2,050 Target

zerohedge.com / by Tyler Durden on 11/18/2014 11:38
It’s been quite a year for David Kostin and his flip-flopping Goldman equity strategy team. From a modest 1,900 year-end target in January (reached in May) to warning stocks are 30-45% overvalued in January to projecting the S&P 500 will reach 2,050 by year-end in July…Mission Accomplished today, 6 weeks early. Now what?
Mission Accomplished…

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This Tiny Aussie Oil Stock Could Be a Big Winner in China’s Latest Trade Deal: Linc Energy Ltd. (OTC:LNCGY)

The U.S.-Chinese accord on climate control may have grabbed the most headlines yesterday, but the trade pact signed between China and Australia is likely to have a much bigger impact.
In the shadows of the G20 meeting in Brisbane, Canberra inked a free trade agreement with Beijing that will see tariffs on all resources and energy products removed within two years.
By agreeing to the deal, Australia will now reap the benefits of zero tariffs on major exports like iron ore, gold, crude oil, and liquefied natural gas (LNG). (more)

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3 Cheap Dividend Stocks Under $10: LOAN, NKA , GAIN

There are pros and cons with cheap dividend stocks — and by “cheap,” I mean in absolute dollar terms. These are stocks generally below $10 per share.
The upside of cheap dividend stocks is that they are cheap on an absolute dollar basis, and have been sold off to a point where analysts and other investors lose interest. (more)

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Tuesday, November 18, 2014

David Stockman Interview On HedgeEye TV: The Bubble Is Global And Its Already Popping



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Is the Stock Market Overbought or Oversold?


zerohedge.com / Excerpted from John Hussman’s Weekly Market Comment on 11/17/2014 14:34
The current market environment joins the full range of ingredients that have characterized the most extreme market peaks – and preceded the deepest market plunges – in more than a century of history. On the basis of measures that are best correlated with actual subsequent market returns (and plenty of popular measures are not), we observe the richest market valuations in history with the exception of the 2000 peak. Even then, current levels on the best performing measures are only about 15-20% below the 2000 extreme. Current valuations now exceed those observed in 1901, 1929, 1937, 1972, 1987, and 2007. The 5-year market advance from the 2009 low, encouraged by yield-seeking speculation, now places the S&P 500 at more than double the level that we would associate with historically normal returns. Put another way, we presently estimate S&P 500 prospective nominal total returns of just 1.4% annually over the coming decade, with zero or negative average total returns out to roughly 2022. These valuations are coupled with extremely overbought conditions and the most lopsided bullish sentiment since 1987. Bearish sentiment is now down to 14.8% (Investor’s Intelligence), close to the low of 13.3% reached in September. Prior to this year, the last two times we’ve seen such lopsided sentiment were the April 2011 peak (just before a near-20% dive), and the October 2007 peak.

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“V” Guerrilla Bombshell! The Mortgage Crisis And Funding Of Terrorist Activities



On Friday night, November 14, “V” The Guerrilla Economist and his guests Greg and Scott called for open and public Federal Joint Congressional Investigation Hearings and Testimony regarding “The Mortgage Crisis” and funding Of terrorist activities.
They have made a petition available online, and ask your participation. This Petition demand is, in part, based upon that certain joint IRS and SEC Whistleblower Package (IRS Claim Number: 2014-007601 & SEC TCR Number: TCR1400871145384) submitted on April 24, 2014 that disclosed, outlined, described and evidenced massive trillion dollar Federal Income Tax Evasion and Securities Fraud stemming from the 2008 Mortgage Crisis that is being currently perpetuated by the continued illegal and fraudulent securitization and sale of Residential Mortgage Backed Securities (RMBS).

Petition Calling For Open And Public Federal Joint Congressional Investigation Hearings And Testimony Regarding The Mortgage CrisisThis Whistleblower Package detailed criminal Federal Income Tax Evasion and Securities Fraud committed by several Major Financial Institutions including, in part, Ally Bank, Credit Suisse, Deutsche Bank, Residential Capital and its affiliates, GMAC Mortgage, Wells Fargo Bank, Union Bank of Switzerland, Homecomings Financial, L.L.C., the Depository Trust Clearing Corporation, Depository Trust Company, Cede & Co., Euroclear and Clearstream.

Copies of this same Whistleblower Package were filed simultaneously with all Members of the U.S. Senate, elected officials in the Executive Branch, thirty-six (36) Federal Inspectors General, the Appropriations, Budget, Energy and Commerce, Financial Services, Oversight and Government Reform, Ways and Means, and Small Business Committees in the U.S. House of Representatives. In their written responses, the Inspectors General of the DOJ, DOD, GAO and FTC have fraudulently lied and misrepresented their jurisdictionally mandated responsibilities and authorities by publically stating that the issues raised and voluminously evidenced in the above-referenced Whistleblower Package are not within their jurisdiction.

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‘Yes’ vote in Swiss referendum not certain to lift gold prices, Deutsche Bank says

LONDON — A vote in favour of boosting Switzerland’s gold holdings at a Nov. 30 referendum won’t necessarily lift bullion prices, Deutsche Bank said in a note, adding there was a “considerable” chance the motion would pass.
The Swiss National Bank could spread out its gold buying, take transactions off market, or use derivatives to cushion gold prices from the impact of a “yes” vote, Deutsche said.
The “Save our Swiss gold” proposal, spearheaded by the right-wing Swiss People’s Party, would force the SNB to hold at least 20 percent of its assets in gold, make it repatriate gold held overseas and commit never to sell bullion. …
… For the remainder of the report:
http://www.reuters.com/article/2014/11/17/swiss-gold-referendum-idUSL6N0…
SOURCE
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Pivot Points And Their Application to Futures Trading

Pivots Points are significant levels chartists can use to determine directional movement, support and resistance points. Pivot Points use the prior period's high, low and close to formulate future support and resistance areas. In this respect, Pivot Points are considered to be leading indicators with predictive qualities. Pivot Points were originally used by floor traders to determine key levels to enter and exit positions. Floor traders are considered to be the original day traders. They deal in a very fast moving environment with often a very short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading session. With this Pivot Point as the base, further calculations were made to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading during the day. In this technical piece we will be constructing weekly pivot points for next week's trade on some of the popularly traded markets.
Daily E-Mini S&P 500

Emini S&P 500

According to pivot trading techniques there could be more on the upside for S&P 500 futures, possible up to the 2058.00 area.
Weekly Crude
Crude Oil

All charts provided by QST Crude oil futures have been in a protracted decline since June. Pivot point analysis suggests futures may continue to decline to the pivot point support that comes in at 71.00.
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