Friday, July 18, 2014

David Gurwitz - Charles Nenner Research – Cycles Are Proving Correct For Gold Again

from Financial Survival Network
We like to check in with David Gurwitz of Charles Nenner Research regularly since his calls on precious metals have been pretty spot on in recent years. He’s still seeing some down action in gold for July, but then we should see it recover and start a long term up trend. Stock markets are looking toppy but there’s no sell signal yet. The Euro has held up pretty well considering the bad news out of Europe. Nat Gas is looking to go lower and the same with oil. All things considered, some interesting times ahead.
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Five Below Inc (NASDAQ: FIVE)

Five Below, Inc. operates as a specialty value retailer in the United States. The company offers various products priced at $5 and below. It offers accessories, such as novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories and attitude’ T-shirts, as well as beauty products, including nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space comprising glitter lamps, posters, frames, fleece blankets, pillows, candles, incense and related items, and storage options for the customer’s room and locker. It also provides sport balls; team sports merchandise and fitness accessories, including hand weights, jump ropes, and gym balls; games comprising name brand board games, puzzles, toys, and plush items; and pool, beach and outdoor toys, games, and accessories.
Please take a look at the 1-year chart of FIVE (Five Below, Inc.) below with my added notations:
1-year chart of FIVE (Five Below, Inc.)
FIVE has held a very important level of support at $35 (blue) for over a year now. No matter what the market has done over during that time, FIVE has not broken $35. Now, the stock is approaching $35 again and that might provide another bounce higher. However, the stock’s formation of a complex head and shoulders pattern could be setting the stock up for a breakdown.

The Tale of the Tape: FIVE has a key level of support at $35. A trader could enter a long position at $35 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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4 Overlooked ETFs with Double-digit Yield: SLVO, REM, PSP, IXP

Though the broad U.S. equity markets have been hitting multiple highs, concerns have cropped up over its continued bullish run in the second half of the year. This is primarily due to expensive stock valuations, uneven global economic recovery, geopolitical tensions in Ukraine and Iraq,  and new threats from Portugal’s banking sector that are looming large across the globe.

In addition, economists reduced the growth outlook from 2.5% to 1.6% for this year, according to the recent survey by the National Association of Business Economics. Further, Treasury yields are declining since the start of the year despite the Fed tapering. In fact, yields on 10-year Treasuries have dropped from 3.00% at the start of the year to around 2.55% currently.

This has urged investors to look elsewhere in the ETF space for their current income. As such, they are showing great interest in products that pay outsized yields irrespective of the segments.  (more)

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3 High-Upside Stocks Under $3: CRNT, LIQD, MRGE

That was often the message I was greeted with by mutual hedge fund managers as I sat down to discuss my latest picks with them. As a Wall Street analyst, it was my job to help these managers discover winning ideas.
And unfortunately, many of them were restricted from buying any stocks priced below $5.
It's an arbitrary rule established by boards of directors at funds... but one that the rest of us can profit from.
That's because once a stock reaches $5, a lot of these same fund managers start to consider such stocks -- and if they like what they see, they'll push shares yet higher as they take a stake.  (more)

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U.S. Silica Holdings Inc (NYSE: SLCA)

U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. The company operates in two segments, Oil & Gas Proppants, and Industrial & Specialty Products. It offers whole grain commercial silica products as fracturing sand in connection with oil and natural gas recovery; and provides its products to the foundry and building products industries, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. The company also provides ground commercial silica products for use in plastics, rubber, polishes, cleansers, paints, glazes, textile fiberglass, and precision castings; and fine ground silica for use in premium paints, specialty coatings, sealants, silicone rubber, and epoxies.
Please take a look at the 1-year chart of SLCA (U.S. Silica Holdings, Inc.) below with my added notations:
1-year chart of SLCA (U.S. Silica Holdings, Inc.)
SLCA has been trending solidly higher since its bottom in late January. Starting in March the stock has shown a tendency to always find support on the increments of $5 (blue). For example, in March and April $35 acted as support. Then $40 was support in April. There was support at $45 in May, and $50 in June. So, identifying this trend should help when it comes to identifying when to enter a trade on SLCA.

The Tale of the Tape: SLCA is currently trading above the $55 level. A long position could be entered at $55 or on a break above $60 with a stop placed below the level of entry. If SLCA breaks below $55, another long play could be made at $50.
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