Tuesday, September 30, 2014

Emerging Market Currencies Under Pressure

traderdannorcini.blogspot.com / By Dan Norcini / September 29, 2014
If one just looks at the Major Currency pairs and sees the Dollar a bit weaker this morning, it is very easy to overlook at what has been happening in some of the Emerging Market currencies. It goes back to that same interest rate differential and the fact that there is concern about slowing global growth, especially in some of these emerging markets. I should also note that there has been a large carry trade involved here as well.
I want to post a chart of the Brazilian Real for the benefit of grain traders and hog traders.
Please note that the currency just made a 6 year low against the US Dollar. Brazilian grain and Brazilian pork are dirt cheap on the global markets compared to US grains and US pork. Most US based grain traders have been in the past, and remain oblivious to such things.
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Swing Trading Watch-List: SUNE, AAL, GTAT, LULU, TSL

swing-trading watch-list:
Short SunEdison (SUNE)
Short American Airlines (AAL) 
Short GT Advanced Technologies
Long lululemon athletica (LULU)
Long Trina Solar (TSL)

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How to Snap Up Growing Energy Services Companies

The Energy Report: Are oil and gas field services in Canada a high growth sector?

Russell Stanley: Energy prices drive oil and gas field construction and infrastructure development in western Canada. Other drivers include the need to build out liquefied natural gas (LNG) facilities and rail facilities.
Jennings Capital targets service companies with market caps in the $50 to $200 million ($50–200M) range. These names tend to have fewer analysts following than do the larger names. We like companies that rent out niche-type equipment at high margins. These firms are typically low headcount businesses with a lot of operating leverage. Oil and gas field demand is so strong that these companies must source equipment externally to extend their fleets and meet commitments. (more)

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Ryman Hospitality Properties Inc (NYSE: RHP)

Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts. The company’s Opry and Attractions segment owns and operates Nashville-based tourist attractions, including the Grand Ole Opry, a live country music show; the Ryman Auditorium, a venue with approximately 2,300 seats for concerts and musical productions; the General Jackson Showboat, a 300-foot, four-deck paddle wheel showboat on the Cumberland river; the Gaylord Springs Golf Links, a clubhouse, which provides meeting space for approximately 500 guests; and the Wildhorse Saloon, a country music performance venue. This segment also operates WSM-AM, a radio broadcasting station. Ryman Hospitality Properties, Inc. qualifies as a real estate investment trust for federal income tax purposes.
Take a look at the 1-year chart of Ryman (NYSE: RHP) with my added notations:
1-year chart of Ryman (NYSE: RHP)
RHP has been trading in a sideways range for the last 3 months. During that period of time the stock has formed a resistance around $50 (blue). In addition, the stock has also created a clear level of support near $46 (green). At some point the stock will have to break one of the two levels created by RHP’s trading range.

The Tale of the Tape: RHP has a level of support at $46 and a resistance at $50. 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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