Five Below, Inc. operates as a specialty value retailer in the United
States. The company offers various products priced at $5 and below. It
offers accessories, such as novelty socks, sunglasses, jewelry, scarves,
gloves, hair accessories and attitude’ T-shirts, as well as beauty
products, including nail polish, lip gloss, fragrance, and branded
cosmetics; and items used to complete and personalize living space
comprising glitter lamps, posters, frames, fleece blankets, pillows,
candles, incense and related items, and storage options for the
customer’s room and locker. It also provides sport balls; team sports
merchandise and fitness accessories, including hand weights, jump ropes,
and gym balls; games comprising name brand board games, puzzles, toys,
and plush items; and pool, beach and outdoor toys, games, and
accessories. In addition, the company offers accessories for PCs, cell
phones, MP3 players, and tablet computers; cases, chargers, headphones,
and other related items; and books, video games, and DVDs, as well as
craft activity kits; arts and crafts supplies, such as crayons, markers,
and stickers; and trend-right items for school comprising backpacks,
fashion notebooks and journals, novelty pens and pencils, and everyday
name brand items.
Please take a look at the 1-year chart of FIVE (Five Below, Inc.) below with my added notations:
FIVE has held a very important level of support at $35 (blue) for
most of the entire last year. No matter what the market has done over
the last 12 months FIVE has not broken $35. Now, the stock is
approaching $35 again and that might provide another bounce higher.
However, the stock’s recent lagging of the overall market could be
setting the stock up for a breakdown in an already weak market.
The Tale of the Tape: FIVE has a key level of
support at $35. A trader could enter a long position at $35 with a stop
placed under the level. If the stock were to break below the support, a
short position would be recommended instead.
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Tuesday, February 11, 2014
Coffee Surges 24% In 2014, Prices Could Rally Much More From Here
Coffee is still cheap compared with 2011's prices.
Prices for coffee have surged this year, a lone bright spot in the otherwise-gloomy agricultural space. Arabica coffee, one of the two main types of coffee beans (along with Robusta), is up 24 percent so far in 2014 on the back of a terrible drought in the growing regions of Brazil, the No. 1 producer.
Analysts say that supplies are sure to be crimped this year, and that Arabica coffee will finally bottom out after three-straight annual losses. The charts seem to agree with that fundamental outlook.
A 10-year look at coffee indicates prices bounced off the long-term support at $1/pound late last year.
The question now becomes, after such a substantial rally, Does coffee have more room to run on the upside? In 2011, coffee surged to a 14-year high above $3 amid a surge in demand and supply problems in producing countries in South America. At the time, inventories of coffee monitored by the IntercontinentalExchange fell to the lowest level in a decade.
Arabica Coffee
ICE Coffee Inventories
Today those inventories are in much better shape, but they’re nowhere near the highs from five or 10 years ago. If demand continues to outpace supply, those stockpiles could quickly fall back toward 2011 levels, propelling prices above $2, $3.
Thus, while coffee has rallied substantially so far this year, there could be much more upside to come.
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Prices for coffee have surged this year, a lone bright spot in the otherwise-gloomy agricultural space. Arabica coffee, one of the two main types of coffee beans (along with Robusta), is up 24 percent so far in 2014 on the back of a terrible drought in the growing regions of Brazil, the No. 1 producer.
Analysts say that supplies are sure to be crimped this year, and that Arabica coffee will finally bottom out after three-straight annual losses. The charts seem to agree with that fundamental outlook.
A 10-year look at coffee indicates prices bounced off the long-term support at $1/pound late last year.
The question now becomes, after such a substantial rally, Does coffee have more room to run on the upside? In 2011, coffee surged to a 14-year high above $3 amid a surge in demand and supply problems in producing countries in South America. At the time, inventories of coffee monitored by the IntercontinentalExchange fell to the lowest level in a decade.
Arabica Coffee
ICE Coffee Inventories
Today those inventories are in much better shape, but they’re nowhere near the highs from five or 10 years ago. If demand continues to outpace supply, those stockpiles could quickly fall back toward 2011 levels, propelling prices above $2, $3.
Thus, while coffee has rallied substantially so far this year, there could be much more upside to come.
Consumer Spending & Stock Markets To Collapse In 2014
from King World News
Today one of the top economists in the world warned King World News that global stock markets and consumer spending will collapse in 2014. He also discussed what is going to hasten this collapse by the consumer as well as stock markets around the globe. This is an incredibly powerful interview where Michael Pento, founder of Pento Portfolio Strategies, also tells investors exactly how to position themselves ahead of the coming collapse.
Pento: “The mainstream media will never report this, but the American consumer is about to be brought to their knees. In fact, I am extremely worried about the global economy and consumers in all nations around the world….
Continue Reading at KingWorldNews.com…
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Today one of the top economists in the world warned King World News that global stock markets and consumer spending will collapse in 2014. He also discussed what is going to hasten this collapse by the consumer as well as stock markets around the globe. This is an incredibly powerful interview where Michael Pento, founder of Pento Portfolio Strategies, also tells investors exactly how to position themselves ahead of the coming collapse.
Pento: “The mainstream media will never report this, but the American consumer is about to be brought to their knees. In fact, I am extremely worried about the global economy and consumers in all nations around the world….
Continue Reading at KingWorldNews.com…
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Gold Shares Coming to Life
traderdannorcini.blogspot.com / Dan Norcini /
I have been watching the HUI encountering difficulties with that stubborn overhead resistance level near the 225 region for a while now but today it finally managed to punch through. One needs to be suspect about any moves in gold itself if the gold shares fail to confirm it for whether we like it or not, the shares tend to lead the metal, both up and down.
Today’s move higher in the HUI is the first real sign that this
recent move higher has the potential to be something more than a mere
short covering bout that has run its course. If you notice on the chart
the price has been oscillating around the 100 day moving average for the
last two weeks while it has been locked in a fairly tight range. It
wasted no time today in dispatching that key level.
To see this index gap higher above last week’s higher on today’s open and punch through the top of the resistance band noted, is a sign that there might be some legs to this thing.
From a fundamental perspective, it seems that the austerity programs being instituted by some of these mining companies has convinced some larger investors that management is getting serious about controlling costs ( something that very few of them did during the bullish phase in gold before it entered its recent bearish phase). That has them more comfortable taking a position in the sector for now.
READ MORE
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I have been watching the HUI encountering difficulties with that stubborn overhead resistance level near the 225 region for a while now but today it finally managed to punch through. One needs to be suspect about any moves in gold itself if the gold shares fail to confirm it for whether we like it or not, the shares tend to lead the metal, both up and down.
To see this index gap higher above last week’s higher on today’s open and punch through the top of the resistance band noted, is a sign that there might be some legs to this thing.
From a fundamental perspective, it seems that the austerity programs being instituted by some of these mining companies has convinced some larger investors that management is getting serious about controlling costs ( something that very few of them did during the bullish phase in gold before it entered its recent bearish phase). That has them more comfortable taking a position in the sector for now.
READ MORE
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Metlife Inc (NYSE: MET)
MetLife, Inc., through its subsidiaries, provides insurance,
annuities, and employee benefit programs in the United States, Japan,
Latin America, the Middle East, Asia, and Europe. It operates in six
segments: Retail; Group, Voluntary & Worksite Benefits; Corporate
Benefit Funding; Latin America; Asia; and Europe, the Middle East and
Africa. The company offers variable, universal, term, and whole life
products; individual disability income products; personal lines property
and casualty insurance, such as private passenger automobile,
homeowners, and personal excess liability insurance; and variable and
fixed annuities for asset accumulation and distribution needs, as well
as mutual funds and other securities products.
To review MetLife’s stock, please take a look at the 1-year chart of MET (MetLife, Inc.) below with my added notations:
Over the last year MET had consistently moved higher. During that time the stock had also formed a nice trend line of support (blue). Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. In addition, the MET formed an important price level at $50. In the last two weeks the stock has broken both of those support levels.
The Tale of the Tape: MET has broken below trend line support and its $50 support. A short position could be entered on a rally up to $50, with a stop placed above that level. A long position could be entered if MET were to break back above $50.
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To review MetLife’s stock, please take a look at the 1-year chart of MET (MetLife, Inc.) below with my added notations:
Over the last year MET had consistently moved higher. During that time the stock had also formed a nice trend line of support (blue). Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. In addition, the MET formed an important price level at $50. In the last two weeks the stock has broken both of those support levels.
The Tale of the Tape: MET has broken below trend line support and its $50 support. A short position could be entered on a rally up to $50, with a stop placed above that level. A long position could be entered if MET were to break back above $50.
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