Tuesday, September 2, 2014

Why Tesla Stock (Nasdaq: TSLA) Will Double in the Next 12 Months

I believe Tesla Motors Inc. (Nasdaq: TSLA) stock will double within the next 12 months.
Bold? You bet. I know it's not a popular opinion. In fact, I'd go so far as to say that the disdain for TSLA's bull run is only surpassed by the herd's disdain for the overall bull market itself.
For every quarter since at least Q1/2013, any sign of strength by this company has been met with jeers from some pretty powerful detractors.
From the headquarters of GM to the front page of the MIT Technology Review, the chorus has been pretty consistent: Tesla is a hopelessly inflated stock, a flash in the pan and nothing more. (more)

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KWN EXCLUSIVE: GOLD SPIKE, GLOBAL FINANCIAL WIPEOUT & MORE – David Stockman:


kingworldnews.com / Sunday, August 31, 2014
PLEASE CLICK ON PICTURE TO LISTEN TO THIS EXCLUSIVE INTERVIEW
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Financial Astrology – Crude Update

The Markets
The bullish trend we were expecting in the middle of August gained additional strength in last weeks trading session. The technical long term trend is for the Nasdaq has realigned to the upside and joins the DJIA. The Nasdaq has done a ‘whipsaw’, as Jeff likes to call it, giving a signal that is bullish for all the indexes. Jeff often sees this type of market being followed up by a very big bullish breakout. We could see this type of move next week or in the second week of September. We will continue to hold our long positions, trim profits, and add to our longs as new setups materialize. I will continue to advise caution in the first week of September, however, by mid September we will likely see another very strong move up on the indexes.
Oil ($WTIC)
Saturn and Mars will make a conjunction in the sky this week, will likely see a rebound with oil prices moving higher. A bullish move is likely into mid October.


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Arrowhead Research Corp (NASDAQ: ARWR)

Arrowhead Research Corporation, a biopharmaceutical company, develops targeted RNAi therapeutics in the United States. The company’s product candidate comprise ARC-520, an RNAi-based therapeutic that has completed a Phase 1 clinical trial for the treatment of chronic hepatitis B virus infection; and Adipotide, which is in Phase I clinical trial for the treatment for obesity and related metabolic disorders. Its platform technologies include Dynamic Polyconjugate platform, a RNA delivery system that addresses multiple organ systems and cell types, promotes multi-log gene knockdown, and induces endosomal escape; and Homing Peptides platform, a library of short peptides.
Take a look at the 1-year chart of Arrowhead (Nasdaq: ARWR) below with the added notations:
1-year chart of Arrowhead (Nasdaq: ARWR)
ARWR had an awful March and April just like most biotech stocks. Since the May low, the stock appears to have formed a double bottom (green) price pattern. The pattern is as simple as it sounds: Bottoming, rallying up to a point, selling back off to a similar bottom, and then rallying back up again.
As with any price pattern, a confirmation of the pattern is needed. ARWR would confirm the pattern by breaking up through the $15.50 resistance (blue) that has been created by the double bottom pattern.

The Tale of the Tape: After trending lower into May, ARWR has formed a double bottom price pattern. A long trade could be entered on a break above the $15.50 resistance with a stop placed under that level.
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US Economic Calendar

THIS WEEK'S U.S. ECONOMIC reports
time (et) report period Actual forecast previous
MONDAY, SEPT. 1
  Labor Day holiday
None scheduled
       
TUESDAY, SEPT. 2
9:45 am Markit PMI Aug.   -- 58.0
10 am ISM Aug.   56.6% 57.1%
10 am Construction spending July
1.0% -1.8%
WEDNESDAY, SEPT. 3
10 am Factory orders July   10.9% 1.1%
2 pm Beige Book        
TBA Motor vehicle sales Aug.   16.6 mln 16.4 mln
THURSDAY, SEPT. 4
8:15 am ADP employment Aug.   -- 218,000
8:30 am Weekly jobless claims Aug. 30
300,000 298,000
8:30 am Trade deficit July   -$42.0 bln -$41.5 bln
8:30 am Productivity Q2   2.3% 2.5% (Q2)
9:45 am Markit services PMI Aug.   --  
10 am ISM nonmanufacturing Aug.   57.2% 58.7%
FRIDAY, SEPT. 5
8:30 am Nonfarm payrolls Aug.   226,000 209,000
8:30 am Unemployment rate Aug.   6.1% 6.2%
 
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