Friday, April 11, 2014

Are the Marijuana Stocks About to Get High? : GWPH, MWIP, RTXBQ

Some estimates call for total cannabis sales (medical and recreational combined) in the U.S. market to eventually reach as much as $120 billion annually, perhaps rivaling alcohol and tobacco, which had combined sales of $263 billion in 2008.
With increased acceptance and legalization of marijuana for both recreational and medical purposes, this is one resource whose production and use are sure to grow exponentially, perhaps for decades.
Which, of course, has left no shortage of penny stocks jumping into the fray...
The Marijuana Index was set up to track 36 cannabis-related companies listed on the various U.S. exchanges. To say the index has been volatile would be the understatement of the year.  (more)

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CME Group (NASDAQ: CME) Breakdown Points to a Fast Sell-off in This Exchange Operator

Over the past two weeks, the heated debate surrounding high-frequency trading (HFT) has once again made front-page news. Renowned author Michael Lewis came out with a new book called "Flash Boys: A Wall Street Revolt," in which he is decidedly critical of HFT. The book, along with the FBI disclosing a year-long investigation into HFT practices, resulted in dozens of fiery articles and television interviews.
High-frequency trading was first brought to the attention of the masses by the 2010 "flash crash," when the Dow Jones Industrial Average dropped more than 1,000 points, or about 9%, in five minutes, only to recover a few minutes later.  (more)

Please share this article Inc (NASDAQ: SOHU) Inc. provides online media, search, gaming, community, and mobile services in the People’s Republic of China. The company’s brand advertising business offers advertisements on its Websites to companies to enhance brand awareness; and search and others business provides customers pay-for-click and online marketing services. Its online game business develops, operates, and licenses online games and Web games; mobile business offers short messaging services, mobile games and, ring back tones, and interactive voice response to mobile phone users; and others business offers Internet value-added services and licensed video content.
Please take a look at the 1-year chart of SOHU (, Inc.) below with my added notations:
1-year chart of SOHU (, Inc.)
SOHU has fallen pretty hard over the last month, almost in a “straight line”. However, the stock had held an important level of support at $60 (blue) for the last several months and one might have expected a bounce off of that level. Nope. SOHU has broken that support and should be moving lower from there.

The Tale of the Tape: SOHU had a key level of support at $60. Now that the stock has broken support, a trader might want to enter a short trade at or near the $60 level with a stop placed above that level. A break back above $60 could negate the forecast for a move lower.
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Massive Volume Just Slammed Stocks To The Downside As Biotechs Hit Bear Market / By Tyler Durden / 04/10/2014 15:10 -0400

Someone was in a hurry – paging Waddell & Reed? The volume surge occurred right as VIX broke above 16 and the Biotech Index (-6.25% today) has hit bear market territory. The Nasdaq is getting slayed- down over 3% and all but Trannies are red YTD.
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Chart of the Day - Autoliv (ALV)

The Chart of the Day is Auotliv (ALV).  I found the stock by sorting today's All Time High list for the best technical indicators then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/6 the stock gained 10.41%.

ALV is a leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are its customers.

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