Monday, February 24, 2014

Mosaic Co (NYSE: MOS)

The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agriculture industry worldwide. It operates in two segments, Phosphates and Potash. The company also offers phosphate-based animal feed ingredients; and produces and sells potash for use as fertilizers and animal feed ingredients, as well as for use in various industrial applications. Its potash products are also used for de-icing and as a water softener regenerant. The Company sells its products to wholesale distributors, retail chains, cooperatives, independent retailers, and national accounts through a network of sales offices, crop nutrient blending and bagging facilities, port terminals, and warehouse distribution facilities.
To review Mosaic’s stock, please take a look at the 1-year chart of MOS (The Mosiac Company) below with my added notations:
1-year chart of MOS (The Mosiac Company)
MOS has been trading sideways for the last 3 months. Over that period of time the stock has formed a clear resistance level at $50 (red). In addition, the stock has also created a strong level of support at $44 (green). At some point the stock will have to break one of the two levels the rectangle pattern has created.

The Tale of the Tape: MOS has clear levels of support ($44) and resistance ($50). The possible long positions on the stock would be either on a pullback to $44, or on a breakout above $50. The ideal short opportunities would be on either a break below $44 or on a rally back up to $50.
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COMEX SET TO IMPLODE, ENORMOUS GOLD BUYING & MUCH MORE – Andrew Maguire:

kingworldnews.com / Sunday, February 23, 2014
PLEASE CLICK ON PICTURE TO LISTEN TO THIS EXCLUSIVE INTERVIEW
OR CLICK HERE
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Cray Inc. (NASDAQ: CRAY) Supercomputer Stock Could Rally 25%-Plus in the Next 90 Days

I have studied technical analysis for many years. What I have discovered might come as a surprise to many: The majority of technical analysis is pure nonsense.

While patterns and indicators appear to repeat themselves in a consistent manner, most of the time these patterns have zero predictive value and are not consistently repeatable when properly statistically tested in the stock market.

Hindsight bias and flaws in human perception are the main reasons that technical analysis remains popular yet fails again and again when applied to real-time decision making in the stock market.

However, there are two technical analysis patterns that I have found that do actually put the odds in your favor when tested over a series of trades. Remember, this does not mean that every trade entered due to these patterns will be a winner. However, it does mean that more trade entries than not will results in profits. (more)

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Maguire – The Reason Why Silver May Be Set To Skyrocket

kingworldnews.com / February 23, 2014
Today London metals trader Andrew Maguire spoke with King World News about the massive amount of gold being smuggled into India and the reason why silver may now be set to skyrocket.  Below is what Maguire had to say in Part III of this incredibly powerful series of interviews.
Maguire:  “Here is the problem, and why these banks are willing to throw all credibility out of the window (with wrong-footed bearish calls on gold):  They are heavily underwater in their physical positions in London, and they are desperate to replace these disappearing inventories….
READ MORE
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Organovo Holdings Inc (NYSEMKT: ONVO)

Organovo Holdings, Inc. develops three-dimensional (3D) bioprinting technology for creating functional human tissues on demand for research and medical applications. The company’s 3D NovoGen bioprinting technology works across various tissue and cell types, and allows for the placement of cells in desired pattern. It offers NovoGen MMX Bioprinter, a commercial hardware and software bioprinter platform to create tissues for bioprinting research and development. The company was founded in 2007 and is based in San Diego, California.
Please take a look at the 1-year chart of ONVO (Organovo Holdings) below with my added notations:
1-year chart of ONVO (Organovo Holdings)
Overall ONVO has done quite well over the last 12 months having gone from a low of almost $3 to a high of over $13. The two most common price levels on this stock during the 3 months have been $8 (blue) and $10 (red). Each of those prices has been both support and resistances multiple times. In addition, $12 was hit as resistance on 3 different occasions in January. So, the stock commonly finds the increments of $2 important.

The Tale of the Tape: ONVO is currently trading between $8 and $10. A long trade could be made on a pullback to $8 or on a break back above $10. Short trades could be made on a rally up to $10 or on a break below $8.
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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
forecast
previous
MONDAY, FEB. 24
  None scheduled        
TUESDAY, FEB. 25
9 am Case-Shiller home price index Dec.
-- 13.7% y-o-y
9 am FHFA home price index Dec.   -- 7.6%
10 am Consumer confidence Feb.   80.5 80.7
WEDNESDAY, FEB. 26
10 am New home sales Jan.   405.000 414,000
THURSDAY, FEB. 27
8:30 am Weekly jobless claims 2/22
N/A 336,000
8:30 am Durable goods orders Jan.   -2.5% -4.2%
10 am Janet Yellen testimony at Senate        
FRIDAY, FEB. 28
8:30 am GDP revision 4Q   2.4% 3.2%
9:45 am Chicago PMI Feb.   56.0 59.6
9:55 am UMich consumer sentiment Feb.   81.5 81.2
10 am Pending home sales Jan.   -- -8.7%
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