Monday, September 8, 2014


SINA Corporation, through its subsidiaries, operates as an online media company in the People’s Republic of China. It operates, an online brand advertising portal that provides region-focused format and content, including multimedia news, sporting events news, automobile-related news, business news coverage and personal finance columns, entertainment news and events, technology updates, digital products reviews, luxury goods and services, collectibles, and video products, as well as an interactive platform for fashion-conscious users to share comments and ideas on health, cosmetics, and beauty topics.
Take a look at the 1-year chart of Sina (NASDAQ: SINA) with my added notations:
1-year chart of Sina (NASDAQ: SINA)
After its steep decline from January into May, SINA has been essentially range bound for the last 3 months. Over that period of time the stock has formed a resistance area around $50 (red). In addition, the stock has also created a clear level of support at $45 (blue). At some point the stock will have to break one of the two levels created by SINA’s trading range.

The Tale of the Tape: SINA has a clear level of support at $45 and a resistance area near $50. The possible long positions on the stock would be either on a pullback to $45, or on a breakout above $50. The ideal short opportunities would be on a break below $45, or on a rally back up to $50.
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Where Gold Prices Are Headed

I will be honest, it has been a long time since I have been excited about gold, but I am starting to like gold once again. I had grown too bored to care what gold did. With the bull market top in 2011, and four years later price continues to founder can you blame me?
Let me start out by painting a picture for you. This is my technical analysis overlaid on the price of gold. This simply gives you a visual of were the price of gold is trading.
But first, if you have not yet seen this “Gold in the USA” infographic you must check it out… it shows the history of gold in a visual format, and you will likely learn something from it – Click Here


Gold peaked around 1900 in September 2011 and quickly fell to the 1550 area. The metal then consolidated for 18 months before it broke support. The sharp decline triggered a drop in price to $1200 in April 2013. Since then gold has been in another consolidation, which is a bearish continuation pattern.
The lower highs in 2013 and 2014 reflect weakening demand and increasing selling pressure at lower price levels. A break down in price below support would trigger further weakness and a drop to roughly $900 oz. If you want more of a bearish visual; see my August gold report – Click Here
gold technicals forecast


SIGN #1: Gold is technically still in a down trend but it may be quietly forming a bottom. This is how bull markets often start. First it declines in value to a point which breaks the most steadfast bulls. And it does this by relentlessly losing value for an extended period of time. If the market doesn’t shake you out, it will wear you out!  (more)
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HDFC Bank Limited (NYSE: HDB)

HDFC Bank Limited, together with its subsidiaries, provides a range of banking and financial services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. It offers various deposit products, including savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as foreign currency deposits; loan products comprising personal, business, home, car, two wheeler, educational, term, gold, and rural loans, as well as working capital finance, and loans against assets and government sponsored programs; credit, debit, and prepaid cards; and private banking services.
Take a look at the 1-year chart of HDFC (NYSE: HDB) below with added notations:
1-year chart of HDFC (NYSE: HDB)
HDB has essentially been trading sideways for the last 2 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. HDB’s rectangle pattern has formed a $50 resistance (red) and a $46 support (green). A break above $50, which HDB has already failed to do once earlier this month, would also be a new 52-week high.

The Tale of the Tape: HDB is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $46, or on a breakout above $50. The ideal short opportunity would be on a break below $46.
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Sturm, Ruger & Co. (NYSE: RGR): Beware This High Yield Stock

In today’s low-interest rate environment, it’s tempting to enter a position in just about any stock with an attractive dividend yield.
If the company has been in business for the better part of the last century and has a widely recognized brand, then a long-term investment can seem like a great idea.
But when you’re picking stocks for your income account, it’s crucial to look beyond the headlines. (more)

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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
3 pm Consumer credit July   -- $17.3 bln
7:30 am NFIB index Aug.   -- 95.7
10 am Job openings July   -- 4.7 mln
10 am Wholesale inventories July   -- 0.3%
8:30 am Weekly jobless claims Sept. 6
304,000 302,000 
2 pm Federal budget Aug.      
8:30 am Retail sales Aug.   0.6% 0.0%
8:30 am Retail sales ex-autos Aug.   0.3% 0.1%
8:30 am Import price index Aug.   -1.1% -0.2%
9:55 am Consumer sentiment Sept.   83.5 82.5
10 am Business inventories July   0.4% 0.4%
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