Thursday, December 31, 2015

NK, OMCL: Bullish Trending Stocks

J M Smucker Co (NYSE: SJM)

The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods. The company provides various consumer food and beverage products, including coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products, and nut mix products; and pet products comprising dry and wet dog food, dry and wet cat food, dog snacks, and cat snacks.
Take a look at the 1-year chart of J.M. (NYSE: SJM) below with added notations:
1-year chart of J.M. (NYSE: SJM)
Since the stock’s January low at $95, SJM has been trending higher and higher. Over the past month or so the stock has hit the same resistance at $125 (red). Yesterday SJM tried to break out above that $125 level, but ultimately the stock closed back below it. A close above the $125 level should lead to another leg higher for stock.

The Tale of the Tape: SJM has a 52-week resistance at $125. The possible long position on the stock would be on a breakout above that level with a stop placed under it.

SKUL: Oppenheimer Sees Near 100% Upside At Skullcandy

Skullcandy Inc SKUL  with an Outperform rating on Wednesday, seeing near 100 percent upside. A 12-to 18-month price target of $8 was set on shares.
Oppenheimer began coverage on

The stock closed at $4.78 on Tuesday.

Sean McGowan commented, "We are initiating coverage of Skullcandy (SKUL) with an Outperform rating and a 12- to 18-month price target of $8. Sales and profits in 2015 have been negatively affected by adverse currency moves, as well as by changes to its international distribution model."
Additionally, McGowan noted that retail promotional activity in the headphone category has been intense this holiday season. "We believe these factors are overshadowing very strong constant currency sales growth and market share gains. These factors may continue to weigh on the shares into 2016, but we expect that by this time next year," he said.

"SKUL's results will show better momentum. We expect the stock to trade up to at least $8 12-18 months from now, and believe it will Outperform the broader markets."

The company was founded in 2003 by Rick Alden, and focuses on audio products (music/media headsets and headphones, Bluetooth speakers and video game headsets) for music consumers and hard core video gamers.

Skullcandy's last IPO was in July 2011 at $20 per share; the stock has not seen that price since.
Sales of Skullcandy reached nearly $300 million in 2012. In 2013, the significant setbacks were experienced, with its sales dropping 29 percent. Shares are now below their 2013-era closing low of $5.11.

Wednesday, December 30, 2015

Cepheid (NASDAQ: CPHD)

Cepheid, a molecular diagnostics company, develops, manufactures, and markets integrated systems for testing in the clinical market and non-clinical markets. Its systems enable molecular testing for organisms and genetic-based diseases by automating manual laboratory procedures. The company primarily offers GeneXpert system that integrates sample preparation in addition to DNA amplification and detection. The GeneXpert system is designed for reference laboratories, hospital central laboratories, and satellite testing locations, such as emergency departments and intensive care units within hospitals, as well as physician offices and other alternate site laboratories.
Take a look at the 1-year chart of Cepheid (Nasdaq: CPHD) below with the added notations:
1-year chart of Cepheid (Nasdaq: CPHD)
CPHD has had a rough go of it over the past 5 to 6 months. However, since the low in October, 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. CPHD would confirm the pattern by breaking up through the $38 resistance (red) that has been created by the double bottom pattern.

The Tale of the Tape: CPHD may be forming a double bottom price pattern. A long trade could be entered on a break above the $38 resistance with a stop placed under that level. Traders that are bearish on the stock could short the stock at $38.

WTW: Weight Watchers, Getting Ready ???


Amazon (NASDAQ:AMZN) broke out to new 52-week highs today. I'm expecting to see the stock continue this move on Wednesday. As long as the stock stays above the rising 50EMA, the bullish scenario is still intact. Daily technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line.

The Dire 2016 Predictions Of One Of The Top Economists In The World

Michael Pento’s 2016 Predictions
The S&P 500 falls more than 20% as it finally succumbs to the incipient global recession.
Janet Yellen states in the 1st half of 2016 that the Fed will not be willing to increase the Fed Funds Rate any further and subsequently hints at another round of QE before the end of 2016.
As a consequence of this tacit admission of failure by the Fed to save the economy from the Great Recession, the US Dollar crashes below 90 on the DXY.  (more)

Tuesday, December 29, 2015

Stocks To Watch: AMAG, UTF, CXW

Wal-Mart Stores, Inc. (NYSE: WMT)

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, as well as retail Websites, such as and
Take a look at the 1-year chart of Wal-Mart (NYSE: WMT) below with my added notations:
1-year chart of Wal-Mart (NYSE: WMT)
WMT has been trending lower for all of 2015. Over that time, the stock has formed an important trend line of resistance (red). Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. WMT seems to have an important trendline of resistance, which currently sits right around $62. A break above that line should mean higher prices, overall, for the stock.

The Tale of the Tape: WMT is currently stuck under a down trending resistance. A break above that resistance should mean higher prices for the stock, thus a long trade could be made. Short traders might look to enter a trade at the resistance.

GDXJ: Reason For Optimism In The Junior Gold Miners ETF Chart

• The Market Vectors Junior Gold Miners ETF GDXJ  is down 87.0 percent in the past five years.
• The ETF may have finally bottomed and has not made a new low since July.
• The recent breakout above the 50-day SMA is encouraging, but major resistance remains.

There’s no question that 2015 was yet another tough year for gold miners, and the Market Vectors Junior Gold Miners ETF is down another 17.8 percent this year. In the past five years, the GDXJ has lost 87.0 percent of its value while the S&P 500 has surged higher.
However, shareholders may finally have reason for optimism headed into 2016. Here’s a look at several reasons why the technicals of the ETF are looking up in the short-term.

Finally Finding Support

After years of steady declines, the GDXJ finally seems to have found some support at the $18 level. In fact the ETF hasn’t made a new low since July of 2015.
The $18 level held during a November re-test, giving shareholders even more reason for optimism.

Moving Average Breakout

In addition to the new support level, the GDXJ closed out the shortened Christmas trading week with a breakout above its 50-day simple moving average (SMA).
Although it opened Monday’s session down about 1.7 percent, this move represented the first time the GDXJ had closed above its 50-day SMA since late October.

Tough Resistance Ahead

Although the breakout was certainly welcome news for frustrated investors, the short-term move has done little to change the longer term bearish technicals of the ETF.
For now, bulls will be watching for a breakout above the downward-sloping multi-year resistance line that is currently at around $21.25 and a subsequent breakout above the 200-day SMA at $21.83.
If those major resistance levels are broken, investors can begin to realistically hope that 2016 will be a much better year for the GDXJ.

Monday, December 28, 2015

Bullish Breakouts: IMOS, GSM, EAT

DDD: 3D Systems, Bottom Fishing with 90% Off From Highs

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
  None scheduled        
8:30 am Advance trade in goods Nov.
-$62.1 bln -$58.4 bln
9 am Case-Shiller home prices Oct.   -- 0.6%
10 am Consumer confidence Dec.
94.0 90.4
10 am Pending home sales Nov.   0.7% 0.2%
8:30 am Weekly jobless claims Dec. 19
  New Year's Day
None scheduled

Sunday, December 27, 2015

Amkor Technology, Inc. (NASDAQ: AMKR)

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, China, Ireland, Japan, Singapore, Taiwan, Thailand, and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer backgrinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, and copper clip interconnect technologies; and leadframe and substrate package carriers are used for various testing services.
Take a look at the 1-year chart of Amkor (NASDAQ: AMKR) with the added notations:
1-year chart of Amkor (NASDAQ: AMKR)
AMKR started a 5-month decline in March that reached a bottom in June. After testing the June low a few times, the stock started a rally that lasted about 3 months. Over the past month or so, the stock has also created a key level of support at $6 (green) Now that the stock appears to be testing that support level again, traders should be able to expect some sort of bounce. However, if the $6 support were to break, lower prices should follow.

The Tale of the Tape: AMKR has a key level of support at $6. A trader could enter a long position at $6 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.

Tuesday, December 22, 2015

Bottom Fishing Stocks: OKE, PIR

Breakout Stocks: HZN, EPZM, ORN, EXAM, STRP

Green Plains Inc (NASDAQ: GPRE)

Green Plains Inc. produces, markets, and distributes ethanol in the United States. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet, or dried distillers grains, as well as extracts non-edible corn oil that is used as feedstock for biodiesel, livestock feed additives, rubber substitutes, rust preventatives, inks, textiles, soaps, and insecticides.
Take a look at the 1-year chart of Green (NASDAQ: GPRE) below with my added notations:
1-year chart of Green (NASDAQ: GPRE)
Over the past 4 months GPRE has been trending consistently higher, while also forming a nice trend line of support (green). Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its relevance. A pullback to that line will provide trading opportunities, one way or another.

The Tale of the Tape: GPRE has a trend line support to monitor. A long position could be entered on a pullback to the trendline, with a stop placed below the level of entry. A short position could be entered if GPRE were to break below its trendline.

Monday, December 21, 2015


What a rally for GoPro Inc (NASDAQ:GPRO) late in the day. We have to believe that this rally will resume in earnest on Monday. A break above the $20 level would give the stock momentum for a run to test the declining 50-day EMA. From a technical standpoint, the MACD is moving up showing positive momentum while RSI also show bullish movement. Plus, A/D line is moving up, it means the stock is being accumulated.

Oasis Petroleum Inc. (NYSE: OAS)

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company’s principal projects are located in West Williston and East Nesson. As of December 31, 2014, it had 505,503 net leasehold acres in the Williston Basin; and approximately 272.1 million barrels of oil equivalent of estimated net proved reserves. The company sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities.
Take a look at the 1-year chart of Oasis (NYSE: OAS) with the added notations:
Although the stock has ridden some big ups and downs along the way, OAS has been bouncing on top of a clear $8 support (green) over the past 5 months. Now that the stock appears to be testing that support level again, traders should be able to expect some sort of bounce. However, the stock’s recent underperformance is a bit concerning. If the $8 support were to break, lower prices should follow.

The Tale of the Tape: OAS has a key level of support at $8. A trader could enter a long position at $8 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.

3D Systems Corporation (NYSE:DDD)

3D Systems Corporation (NYSE:DDD) rose most of the week, closing the week above the 50-day moving average for the first time since October. The stock has posted an impressive four day rally and continues to garner investor interest. Daily technical indicators have turned bullish. MACD is negative but is about to cross over its zero line, while momentum indicators crossed their midlines to the upside, supporting further advances. The bullish volume trend suggests buyers are accumulating stock. It could initiate a sharp rally, back to $12. As long as the stock can remain above the rising 20-day EMA, I like the stock.

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
8:30 am Chicago Fed national activity index Nov.   -- -0.04
8:30 am GDP 3Q
1.8% 2.1%
10 am Existing home sales Nov.
5.36 mln 5.36 mln
8:30 am Personal income Nov   0.2% 0.4%
8:30 am Consumer spending Nov.   0.4% 0.1%
8:30 am Core inflation Nov.   0.1% 0.0%
8:30 am Durable goods orders Nov.   -1.0% 2.9%
10 am Consumer sentiment Dec.   -- 91.8
10 am New home sales Nov.   503,000 495,000
8:30 am Weekly jobless claims Dec. 19
  Christmas Day
None scheduled

Friday, December 18, 2015

Bullish Stock Charts: AFMD, SIEN

Micron Technology, Inc. (NASDAQ: MU)

Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company offers DDR4 and DDR3 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for mobile phones, tablets, embedded, computers, and other mobile consumer device applications.
Take a look at the 1-year chart of Micron (NASDAQ: MU) with the added notations:
1-year chart of Micron (NASDAQ: MU)
MU’s trend has been simply downward since the start of the year. However, the stock found it’s footing in August and started moving sideways. In addition, over the past 4 months MU has formed a key support level at $14 (green), while also forming a trendline of resistance (red). At some point, one of those two lines will have to break.

The Tale of the Tape: MU has an important level of support at $14. A trader could enter a long position at $14 with a stop placed under the level, or on a break through the trendline resistance. If the stock were to break below the support a short position could be entered instead.

Canadian Pacific Railway Limited (NYSE: CP)

Canadian Pacific Railway Limited, through its subsidiaries, operates a transcontinental railway in Canada and the United States. The company provides logistics and supply chain expertise services. It transports bulk commodities, including grain, coal, fertilizers, and sulphur; and intermodal traffic comprising retail goods in overseas containers that can be transported by train, ship, and truck, as well as in domestic containers and trailers that can be moved by train and truck. The company also transports merchandise freight consisting of finished vehicles and automotive parts, chemicals and plastics, crude oil, and forest products, as well as metals, minerals, and consumer products.
Take a look at the 1-year chart of Canadian (NYSE: CP) with the added notations:
CP started its current decline in April, but in August the stock started a sideways move. During the sideways move, CP tested the $130 level (red) as support on two separate occasions, thus creating an important 52-week low support at that mark. Now that the $130 level has been broken, the stock should be taking another significant leg lower.

The Tale of the Tape: CP broke a key level of support at $130. A trader could enter a short position on any rallies up to or near $130 with a stop placed above the level. If the stock were to break back above the $130 level, a long position might be entered instead.

Sugar Trade

In this article, I show you my analysis and share my thoughts on what is likely to take place with sugar looking forward 2-3 months if not longer. Instead of writing a long article I have attached three charts which clearly show my thinking and price projections.


The monthly chart moves as slow as molasses for trading and investing, but it does provide valuable information. The key data it shows us are the major trend, support and resistance levels, and potential reversal signals via candlestick patterns.

Typically, if a chart shows a long lower or upper wick it signals price has found either support or resistance and a change in direction is likely to occur.

The chart below is currently showing up what I call “Tweezers”. Two candles both with long upper wicks which tell us seller are present and selling into the buying pressure. This is a great signal that lower prices are very possible. You should keep in mind that we are only half way through the month of December which means this candle still has another 10+ days of trading before it closes. So this is not a true tweeze pattern until the month is over.


This chart below shows some very interesting data which one of my subscribers pointed out a couple weeks ago. I have been watching the price of sugar waiting for a potential setup to form and it looks as though the time has come which I will show in more detail later in this article.

What I like most about this information is the COT data. Specifically, the spec traders position which show the average joe/gamblers are all very bullish trying to get their sugar fix.

Typically, the small spec positions are based on emotions and when everyone is doing something, people don’t like to be left behind so they follow the herd mentality, BUY BUY BUY!

As you can see in the recent trading the price of sugar has been chopping around with increased volatility, which tells me sellers are entering the market.



Below I have laid out visually the key resistance levels for sugar. Ideally, the sooner price breaks down the lower price is likely to fall as it will have strong momentum. If price lingers and moves above the $15 level for several days, then it won't be as bearish of a setup in my opinion.

The breakdown that I have drawn on the chart with red arrows shows the best case scenario. Unfortunately, there is not an inverse EFT for sugar. For one to profit from falling sugar you will need to short sell the sugar ETF SGG.



In short, I think sugar is/has setup for a short trade and will fall over the coming months. Nothing in the financial market is for certain, but I do like this trade setup for a small speculative position.