Monday, March 24, 2014

James Dines – Gold & The Next “Super-Major Bull Market” / March 21, 2014
Today a legend spoke with King World News about a new “Super-Major Bull Market” and what is happening in the gold market.  KWN readers around the world will be stunned by what Dines has identified as the next “Super-Major Bull Market.”  Below is what legendary forecaster, James Dines, had to say in this remarkable interview.
Dines:  “Something very big is happening.  It’s historic, and a great profit opportunity….
Please share this article

Is The Biotech Bubble Bursting? / by Tyler Durden / 03/21/2014 10:43 -0400
Having been among the best performing sectors of the stock market for so long (up around 70% alone last year), the moves of the last few days – and especially today – are extremely worrying for the ‘trend-is-your-friend’ momo-following fickle investing public. The Nasdaq Biotech index is getting monkey-hammered this morning and is now 10% off its late-Feb highs. Crucially, this sector has been a major pillar of strength for the overall Nasdaq and that means the Nasdaq is also getting crushed – now down 0.9% from the FOMC and dramatically underperforming.
The Nasdaq Biotech index is plunging today and down 10% from Feb highs…
Please share this article

ProShares UltraShort 20+ Year Treasury (NYSE: TBT): How to Capitalize on a Bond Fallout in the Next 6 Months

I'm not a fan of the Federal Reserve, and I don't like the role it plays in the free market. Of course, I don't expect the Fed to go away anytime soon, and that reality is something we all have to adjust to. That said, what I am a fan of is smart traders taking advantage of the conditions in the market created in large part by the central bank's manipulation of the money supply and interest rates.
On Wednesday, new Fed Chair Janet Yellen flexed her policymaking muscles atop the Federal Open Market Committee (FOMC), and the result was an interesting reaction in the markets.

First off, the Fed acted as expected and continued the "taper" of its bond buying program. The Fed trimmed its asset purchases by $10 billion per month to $55 billion. Unexpectedly, however, the Fed actually dropped its previous threshold of a 6.5% unemployment rate as a trigger to prompt an interest rate hike. (more)

Please share this article

The Hidden Costs of Reverse Mortgages

My grandfather liked to use clever sayings to make a point. One of his favorites was, “The same thing, only different!”
As we pulled together this article, I immediately thought of how his funny little saying applied.
When you buy an annuity, you give a private company a sum of money in exchange for its promise to pay you a fixed amount every month until you die. (more)

Please share this article

US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
8:30 am Chicago Fed national activity index Feb. -0.18 3-mo. -- 0.02 3-mo
9:45 am Markit 'flash' PMI March 55.5 -- 57.1
TUESDAY, march 25
9 am Case-Shiller home prices Jan.   -- 13.4% y-o-y
9 am FHFA home prices Jan.   -- 7.7% y-o-y
10 am Consumer confidence index March   78.4 78.1
10 am New home sales Feb.   440,000 468,000
8:30 am Durable goods orders Feb.   0.0% -1.0%
THURSDAY, march 27
8:30 am Weekly jobless claims 3-22
320,000 320,000
8:30 am GDP revision 4Q   2.8% 2.4%
10 am Pending home sales Feb.   -- 0.1%
FRIDAY, march 28
8:30 am Personal income Feb.   0.2% 0.3%
8:30 am Consumer spending Feb.   0.3% 0.4%
9:55 am UMich consumer sentiment March   81.0 79.9

Please share this article

Buffalo Wild Wings (NASDAQ: BWLD)

Buffalo Wild Wings, Inc. owns, operates, and franchises restaurants primarily in the United States. It offers chicken and various food and beverage items, as well as serves bottled beers, wines, and liquor. As of February 4, 2014, the company owned and operated, and franchised approximately 1,000 Buffalo Wild Wings locations in 49 states in the United States, as well as in Canada and Mexico.
To review Buffalo’s stock, please take a look at the 1-year chart of BWLD (Buffalo Wild Wings, Inc.) below with my added notations:
1-year chart of BWLD (Buffalo Wild Wings, Inc.)
Over the last 5 months BWLD had created a strong level of resistance at $152 (blue), which also constituted a 52-week high resistance. A break through that level would most likely mean higher prices for the stock. As you can see from the chart, BWLD finally broke higher yesterday and should be hitting new highs moving forward.

The Tale of the Tape: BWLD broke out to a new 52-week high. A long trade could be made near $152 with a stop placed below that level. A break back below $152 would negate the forecast for a continued move higher.
Please share this article