Sohu.com Inc (NASDAQ: SOHU)

Sohu.com 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.
To review Sohu’s stock, please take a look at the 1-year chart of SOHU (Sohu.com, Inc.) below with my added notations:

After breaking its key support level of $60, SOHU has been trading sideways for the last 2 months. Over that period of time the stock has formed a clear resistance level at $60 (red), which, again, was the prior support. In addition, the stock has also created a strong level of support at $55 (blue). At some point the stock will have to break one of the two levels that the sideways consolidation has created.

The Tale of the Tape: SOHU has clear levels of support ($55) and resistance ($60). The possible long positions on the stock would be either on a pullback to $55, or on a breakout above $60. The ideal short opportunity would be on a break below $55.
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Lowest Put-Call Ratio in 3 Years Suggests Near-Term Caution Is Warranted

Summary

Recent put-call ratio hit a 3-year low Prior elevated readings preceded the 2010 and 2011 summer corrections Credit markets and current economic data suggest mild correction

Summer is officially here. The kids are out of school and families are beginning to embark on summer vacations. Everyone is in a good mood, particularly investors when looking at equity put-call ratios.

Currently, the 10-day moving average for the CBOE equity put-call ratio rests at 0.50, the lowest reading seen since the spring of 2011 which marked the top before a nasty correction in the summer. When we have seen sentiment this overly bullish over the last five years future returns in the coming months have not been pretty.
Just take a look at the green boxes below which highlight the periods when the ratio has been this low in the past (shown inverted in the chart in red below), which have also corresponded to peaks in the market.  (more)

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Missing China Gold Warns Of Catastrophic Bullion Bank Default

kingworldnews.com / June 26, 2014
On the heels of the news out of China that some shadow bank loans are backed by non-existent gold, today King World News spoke to the man who has been focused on uncovering sensitive government and market information for over 15 years.  What he had to say will surprise KWN readers around the world.  Powell discussed Eric Sprott’s warning and stated that we will eventually see the paper gold Ponzi scheme lead to “bullion bank catastrophes” that will create a short squeeze unlike anything the world has ever seen.  Below is what Chris Powell had to say in this remarkable and timely interview.

Eric King:  “We now have news out of China that some of the shadow banking system loans were backed by non-existent gold.  Over here, Eric Sprott has warned that the West cannot continue to hemorrhage gold out of its vaults indefinitely — that the West will simply run out of gold.”

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Starbucks' SBUX Break Past Key Technical Level Makes It an Immediate 'Buy'

Coffee chain giant Starbucks (NASDAQ: SBUX) has been good to its shareholders. In just five years, the stock ascended around 1,000% in a near vertical fashion into its November 2013 all-time high. But so far in 2014, the going has been choppy, as it has been for the broader stock market.
Recently, though, both the news flow and technical picture have taken on a much more constructive tone, and SBUX looks poised to make a run higher.  (more)

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Sarepta Therapeutics Inc (NASDAQ: SRPT)

Sarepta Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery and development of RNA-based therapeutics for the treatment of rare and infectious diseases. Its lead product candidate is Eteplirsen, an antisense PMO-based therapeutic in clinical development for the treatment of individuals with Duchenne muscular dystrophy. The company is also involved in developing treatments that are in clinical development include AVI-7288 for the treatment of Marburg virus and AVI-7100 for the treatment of influenza. In addition, it focuses on developing preclinical research product candidates for the treatment of other neuromuscular, infectious, and rare diseases.
To analyze Sarepta’s stock for potential trading opportunities, please take a look at the 1-year chart of SRPT (Sarepta Therapeutics, Inc.) below with my added notations:

SRPT has been trading between $30 and $35 for almost two months. Those two price levels are not new to the stock. Both $30 and $35 have been prior supports and resistances throughout the last year. SRPT’s next bigger move should be dictated based on which of those two levels break first.

The Tale of the Tape: SRPT is trading between $30 and $35. A long trade could be made on a pullback down to $30 or on a break through $35. Short trades could be made if the stock breaks below $30 or approaches $35 again.
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