Monday, May 12, 2014

SolarCity Corp (NASDAQ: SCTY)

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; and energy efficiency products and services, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through direct outside sales force; door-to-door sales force; call centers; channel partner network; and robust customer referral program.
To analyze Solar’s stock for potential trading opportunities, please take a look at the 1-year chart of SCTY (Solar City Corporation) below with my added notations:
1-year chart of SCTY (Solar City Corporation)
After running up nicely from September to February, SCTY has fallen relatively quickly since. Today the stock took another leg down by breaking the key level of $50 (blue). The next level down would be $45 (red), but with earnings coming out yesterday, anything could happen.

The Tale of the Tape: SCTY has key levels of $45 and $50 to watch. A short trade could be made on any rallies up to that $50 or on a break below $45. Long possibilities would be either on a continued fall to $45 or on a break back above the $50 level.
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Martin Armstrong-People Ask, Where Do I put My Money-They’re Afraid

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This Will Trigger Massive Crisis & Panic All Over The World / May 11, 2014
With a non-stop flow of propaganda from Western mainstream media outlets, today Michael Pento warned King World News that the world is headed for a massive crisis and panic.  Pento also reveals exactly what is going to trigger this massive panic, and he also cautioned that it will feed on itself once it begins.
May 11 (King World News) – This Will Trigger Massive Crisis & Panic All Over The World
It is imperative to understand the dynamics between the U.S. dollar and the Japanese Yen in order to grasp what is occurring across international markets. Investors have been borrowing Yen at nearly zero percent interest rates and buying higher-yielding assets located worldwide. These market savvy institutions and individuals realize that buying income producing assets, which are backed by a currency that is gaining value against the Yen, is a win-win trade.
Because of the policies embraced under the regime of Japanese Prime Minister Shinzo Abe, the Japanese economy was subjected to significant currency depreciation, government deficit spending and stagflation. When global investors unanimously become assured that the economic “recovery plan” of Japan would be based on massive debt accumulation and money printing, the yen received a death sentence….
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Intrepid Potash, Inc. (NYSE: IPI)

Intrepid Potash, Inc., together with its subsidiaries, produces and markets muriate of potash and langbeinite in the United States. Its langbeinite is a low-chloride potassium fertilizer with the additional benefits of sulfate and magnesium. The company also offers by-products, such as salt, magnesium chloride, and metal recovery salts. It serves agricultural, industrial, and animal feed markets. The company is headquartered in Denver, Colorado.
To review Intrepid’s stock, please take a look at the 1-year chart of IPI (Intrepid Potash, Inc.) below with my added notations:
1-year chart of IPI (Intrepid Potash, Inc.)
IPI has been trading sideways for the last 8 months. Over that period of time the stock has formed a clear resistance level at $17 (red). In addition, the stock has also created a strong level of support at $14 (blue). At some point the stock will have to break one of the two levels that the rectangle pattern has created.

The Tale of the Tape: IPI has clear levels of support ($14) and resistance ($17). The possible long positions on the stock would be either on a pullback to $14, or on a breakout above $17. The ideal short opportunity would be on a break below $14.
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US Economic Weekly Calendar

time (et) report period Actual CONSENSUS
2 pm Federal budget April   -- $113 bln
Tuesday, MAY 13
8:30 am Retail sales April   0.4% 1.1%
8:30 am Retail sales ex-autos April   0.6% 0.7%
8:30 am Import price index April   -0.1% 0.6%
10 am Business inventories March   0.4% 0.4%
8:30 am Producer price index April
0.2% 0.5%
Thursday, May 15
8:30 am Jobless claims 5/10   321,000 319,000
8:30 am Consumer price index April   0.3% 0.2%
8:30 am Core CPI April   0.2% 0.2%
8:30 am Empire state index May   5.0 1.3
9:15 am Industrial production April   -0.2% 0.7%
9:15 am Capacity utilization April   78.9% 78.9%
10 am Home builders' index May   48 47
10 am Philly Fed May   14.2 16.6
8:30 am Housing starts April   980,000 946,000
9:55 am UMich consumer sentiment May   85.0 84.1
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