Thursday, April 30, 2015

Will GoPro (GPRO) Stock Rally Back Above $90?

GoPro Inc (NASDAQ:GPRO) stock was soaring on Wednesday, with shares trading as much as 12% higher after a blowout first quarter that easily topped Wall Street consensus forecasts.
gopro 185 Will GoPro (GPRO) Stock Rally Back Above $90?With GPRO stock now trading above $52 a share, it’s still far, far beneath all-time highs around $98 that the stock hit in October. But if the wearable camera company keeps doing what it’s doing, GPRO stock could be flirting with those levels again sometime soon.
It sounds crazy, I know. But allow me to outline the uber bullish case for GPRO stock. (more)

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Deckers Outdoor Corp (NYSE: DECK)

Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories for outdoor activities and casual lifestyle use for men, women, and children. The company offers luxurious comfort footwear, handbags, apparel, and cold weather accessories under the UGG brand name; sandals, shoes, boots, and amphibious footwear under Teva brand name; and action sport footwear under the Sanuk brand name. It also offers high-end casual footwear under the TSUBO brand name; outdoor performance and lifestyle footwear under the Ahnu brand name; and footwear for culinary professionals under the MOZO brand name, as well as running footwear under the Hoka One One brand name. The company sells its products primarily to specialty retailers, selected department stores, outdoor retailers, sporting goods retailers, shoe stores, and online retailers.
Take a look at the 1-year chart of Deckers (NYSE: DECK) below with added notations:
1-year chart of Deckers (NYSE: DECK)
After a strong decline from December until the end of January, DECK has been trading sideways over the last 3 months. During the sideways move the stock has formed 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.
DECK’s rectangle pattern has formed a resistance at 77.50 (red), which was also a prior support, and a $700 support (green). At some point the stock will have to break one of the two levels.

The Tale of the Tape: DECK is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $70 or on a breakout above $77.50. The ideal short opportunity would be on a break below $70.
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Chart of the Day Sketchers SKX

The Chart of the Day belongs to Skechers (SKX).
Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. Thecompany sells its products to department stores such as Nordstrom, Macy's,Dillards, Robinson's-May and JC Penney and specialty retailers such as Genesco's Journeys and Jarman chains, The Venator Group's Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.

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Barrick Gold (NYSE: ABX): Gold Miner is Itching to Break Out

Four years after it topped at $1,900 per ounce, gold has been languishing in a range closer to $1,200. With interest rates low and most measures registering no inflation, gold seemed to be a dead asset. Its role as a hedge was dismissed by almost everyone except for the gold sellers on TV.

Sentiment naturally turned very bearish, and that is when contrarian ears perk up.

Monday and Tuesday were unusually bullish days for the metal. However, the patterns on gold charts remain choppy-but-flat trading ranges. When viewed with a long-term eye, the trend is officially still to the downside.  (more) 
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Wednesday, April 29, 2015

Dollar Weakness, China stimulus sending commodities higher

That combination is working to send strong money flows into the commodity sector this morning. Though the Dollar is still trading within its month long trading range, it is starting to look a bit heavy.
If tomorrow’s FOMC statement comes across as dovish once again, we could see some deeper losses in the Dollar. I think this is what is moving the market today as many traders are getting increasingly pessimistic that we are ever going to get this current Fed to sound the least bit hawkish. I have never seen such a timid group of people. (more)

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Big Upcoming Catalysts for these 2 Small Biotechs: Agenus Inc. (NASDAQ: AGEN), Protalix BioTherapeutics (NYSE: PLX)

One thing that I have developed over the past couple of decades investing in the small biotech space is learning to recognize when a company and its stock start to have positive catalysts happening and also on the horizon. This is critical in spotting potential big winners in the market.
In spring of last year I noticed that Avanir Pharmaceuticals (NASDAQ: AVNR) had just won a major court victory to retain exclusivity on its primary drug through 2026 and also had phase II trial results coming up later on in the year for a promising compound to treat the agitation commonly found in Alzheimer’s patients. When results turned out to be positive a few months later, the stock shot up. Soon thereafter, the company received a substantial buyout offer from a bigger Japanese based pharma player in December bringing better than a 215% return to the Small Cap Gems portfolio. (more)

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58 com Inc (NYSE:WUBA) broke the rising wedge chart pattern to the downside (bearish reversal) that was previously published here on decent volume. A retracement to 71.06 (13EMA), 70 or 66.54 seems likely. The technical indicators are also supporting a possible correction.

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) stock has broken out of a major resistance area that targets a move to 14 in the short-term. If it can clear this big resistance hurdle around the $14 level a rally to retest of $15.30 or more appears possible.

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Medivation Inc (NASDAQ:MDVN) failed to close above the resistance level of $129 (13 & 20EMAs). This resulted in a sharp drop today. The recent price patterns suggest that the downward move could continue. A decline to the 118-115 range appears likely. A close below $115 would impart further weakness and would push the stock to the $106.59-110 range.

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BlackBerry Ltd (NASDAQ:BBRY) Lets take a look at BBRY’s activity in the light of the recent successive price increases. Looking at the daily technical chart, we can see that the stock is positively reacting to the recent events. It is still consolidating as seen from the intertwining of the 3 major exponential moving average lines. The good side of this stock technically is that the MACD is still  rising above the "0" line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 10.46

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500 com Ltd (NYSE:WBAI) The stock has failed around the strong resistance at 18 again and the daily MACD is about to trigger a sell signal. You know my opinion about the funfamentals of this company. Technically, the trend is reversing to the downside.
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Pan American Silver Corp. (NASDAQ: PAAS)

Pan American Silver Corp., together with its subsidiaries, operates and develops, and explores for silver producing properties and assets in Mexico, Peru, Argentina, and Bolivia. The company also produces and sells gold, zinc, lead, and copper. It holds interests in the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo, and San Vicente mines. The company was founded in 1979 and is headquartered in Vancouver, Canada.
Take a look at the 1-year chart of Pan (NASDAQ: PAAS) below with my added notations:
1-year chart of Pan (NASDAQ: PAAS)
PAAS has formed a clear resistance at $9.75 (red). In addition, the stock is climbing a short-term, uptrending support level (green) over the last couple of months. These two levels combined have PAAS stuck within a common chart pattern known as an ascending triangle. Eventually, the stock will have to break one of those levels.

The Tale of the Tape: PAAS has an uptrending support and a $9.75 resistance level to watch. A long trade could be made on a breakout above $9.75 or on a pullback to the trendline. A break below the trendline support would be an opportunity to enter a short trade.
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Bob Quartermain: Acquisitions During A Market Bottom, “Allowed Us To Go From $0.78 To $48.00”

Bob Quartermain has been one of the most successful resource sector investors of the last 20 years.
He ran Silver Standard, acquiring silver projects and making discoveries during the precious metals bear markets of the early 90’s and early 2000’s.
Rick Rule was involved in financing the company in 1992 when it was a small company. Its current market cap is around $500 million1.
Mr. Quartermain is now the head of Pretivm Resources, one of the largest resource ‘juniors’ in the world, with an advanced-stage exploration project called the Brucejack mine. (more)

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Tuesday, April 28, 2015

Stocks To Watch : GFI, IAG, SLW, ESPR, IBB

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Gold Fields Limited (NYSE:GFI) Watch this trend line for a upside break at 4.40 for short term direction. The MACD is also about to cross zero line, which will be bullish.

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IAMGOLD Corp (NYSE:IAG) Coiling up here. Over 2.25 for movement.

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Silver Wheaton Corp. (NYSE:SLW) Stock could see a nice pop over $20.51 a share for a gap-fill.

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Esperion Therapeutics Inc (NASDAQ:ESPR) The short-term trend has turned weak, as the stock closed below the 9 & 13 EMAs for the first time in the last weeks. Momentum indicators are slightly bearish, MACD has been dropping and the relative strength is now neutral. The stock is likely to slide to the $88-92 range.

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iShares NASDAQ Biotechnology Index (NASDAQ:IBB) index is showing signs of weakness. All technical indicators triggered a sell signal. I am expecting a pullback till the 330 levels.
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Quanta Services Inc (NYSE: PWR)

Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The company’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. The company’s Oil and Gas Infrastructure Services segment provides network solutions to customers involved in the development and transportation of natural gas, oil, and other pipeline products. The company’s Fiber Optic Licensing and Other segment designs, procures, constructs, maintains, and owns fiber optic telecommunications infrastructure, as well as licenses the right to use these point-to-point fiber optic telecommunications facilities to its customers.
Take a look at the 1-year chart of Quanta (NYSE: PWR) below with my added notations:
1-year chart of Quanta (NYSE: PWR)
After PWR’s choppy ride lower, the stock started a 4-month rally in December. Over the course of the rally, PWR has been climbing a nice trendline of support (green). That, combined with the stock’s key level at $30 (purple), has PWR stuck within an ascending triangle. At some point the stock will have to break one of the two levels created by the pattern.

The Tale of the Tape: PWR is trading within an ascending triangle. A long trade could be entered on a break above $30. However, a break below the trendline could be an opportunity to get short the stock.
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Crash of the Banks - Lindsey Williams

Lindsey Williams has released new information! We are about to experience the greatest economic crash in our lifetimes. Stan plays part of his new DVD regarding the coming banking crash, timing, loss of deposits, interest rates and more.

Air date: 2015-03-04

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Canada’s Magnificent Housing Bubble Goes Nuts, Cracks Even “Second-Time Buyers” need help from mom & dad

A housing bubble is a huge party. Everyone gets drunk and has a good time. The economy booms because housing, particularly construction, is a very local business. It creates local jobs. People spend this money. Businesses get this money. Governments exact their pound of flesh. But there is a drawback to a housing bubble, beyond the fact that it will eventually crash with terrible consequences: New entrants into the market are getting locked out by soaring prices.

Canada’s housing bubble has been a sight to behold. Home prices only dipped 8% when the US housing market crashed. Then it re-soared. Now, across the country, home prices are 26% higher than they were at the already crazy peak in 2008. In Toronto, they’re 42% higher! Prices in the major urban centers where young people like to live have become a challenge for first-time buyers.  (more)

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Monday, April 27, 2015

Martin Armstrong Interview 2015-04-24 Germany TV Show ZDF Aspekte Aspects

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April/May Safe Haven Play - Sell In May and Go Away

Each year traders try to navigate their way through the financial market and turn a profit. But this is difficult.
The stock market provides market participants with several opportunities each. With all the holidays and climate changes the market as a whole along with specific sectors typically have seasonal rallies and sell off in price.
As May approaches many of us are starting to figure out how to play the “Sell in May and Go Away” potential move.
I cannot help think stocks will start to struggle as indexes test new highs and key resistance levels. The good news is that when money is flowing out of one investment it typically flows into another which provides us with an opportunity to make money.
Risk capital has been flowing into stocks recently but with the stock market over bought on a short term basis traders will start to protect their capital and move to specific sectors within the market to protect their capital.

Utilities have been underperforming all year and are not being talked about by anyone. This is a contrarian signal that it will likely become the sector of choice as fear creeps into the minds of market participants.
The chart below shows price of this sector is trading at the key 200 day moving average which should provide support. Also the bullish chart pattern is pointing to higher prices.

It Is The Season For Utilities!
The chart below clearly shows where price is trading today and what is likely to happen over the next 2-3 weeks as we enter May.

It Is That Time Again – Conclusion:
In short, US equities continue to be in a long term bull market. It is best to remain net long stocks as the odds of a trend continuing is more likely than not.
So I feel a great way to get involved in the market here is to get long the utility sector through the exchange traded fund XLU.
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My New Target for the Nasdaq The bullish "W" formation on the chart provides a fairly reliable target of 5,200

Stocks posted their second consecutive day of gains on Thursday, and the Nasdaq Composite stole the show by setting a new record closing high. It took more than 15 years, but the index finally exceeded its prior peak at 5,048.62, made on March 10, 2010, with a close of 5,056.06.
Several previous attempts at a new high in the Nasdaq failed. The latest run at a record was in March, when the index closed over 5,000, but then pulled back on profit-taking and fear of lower-than-expected Q1 earnings.  (more)

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Cynosure (NASDAQ: CYNO) Chart Says This Medical Equipment Stock is Poised for a Big Rally

Health care stocks rank among the biggest winners of the current bull market, and one subsector that has shown significant outperformance in the past six months is medical equipment makers.
Since many of the stocks in this group have already made big runs, I am on the lookout for fresh chart pattern breakouts.
Aesthetic and medical device maker Cynosure (NASDAQ: CYNO) fits that bill. The company makes devices to treat various skin and vascular conditions, including tattoo removal and cellulite treatments.
On the charts, Cynosure has been trading in a very wide long-term trading range between $21 and $31.50, in round numbers.  (more)

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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
9 am Case-Shiller home prices Feb. -- 4.5% y-o-y
10 am Consumer confidence April 102.4 101.3
8:30 am Gross domestic product 1Q 1.2% 2.2%
10 am Pending home sales March -1.3% 3.1%
2 pm FOMC announcement
8:30 am Weekly jobless claims April 25
8:30 am Employment cost index 1Q
0.7% 0.6%
8:30 am Personal income March
0.3% 0.4%
8:30 am Consumer spending March 0.5% 0.1%
8:30 am Core inflation March N/A 0.1%
9:45 am Chicago PMI April -- 46.3
9;45 am Markit PMI April
-- 55.7
10 am ISM April 51.9% 51.5%
10 am Construction spending March 0.5% -0.1%
10 am Consumer sentiment April N/A 95.9
TBA Motor vehicle sales April 17.1 mln 17.2 mln

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Saturday, April 25, 2015

Short This Spike In Amazon AMZN

The Company burned through over $4 billion in cash in Q1.  This is because it has to sell its products and services for less than it costs to put them up for sale and deliver them.  I have documented this in fine detail in my report.   AMZN issued $6 billion in debt at the end of 2014.  2/3’s of that have already been spent.   It is using accounting gimmicks to present an operating income number that is not real.  This is an epic opportunity to short this stock for a short term gain.

This stock reminds me of Commerce One (CMRC).  Anyone remember that one in 1999-2000?  It ran from $10 to $600.  It was out of business about two years later but it plunged when the NASDAQ plunged in the spring of 2000.   This entire stock market is set up to plunge.  GOOG is up today on big misses across the board.  AMZN will drop like 100 lb weight disc dropped off the Empire State Building.  (more)

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Bonds Now High Risk? David Gurwitz / Charles Nenner - April 24, 2015

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It’s Time to Go Nuclear With Uranium if You Want Double-Digit Gains

Nuclear stocks have been radioactive – nobody wants to go near them.
Does Fukushima ring a bell? There’s your answer.
The tsunami that struck Japan four years ago disabled the Fukushima nuclear plant, causing a massive meltdown. It also caused another kind of meltdown – a massive overreaction about the future of nuclear power.
Germany drafted plans to phase out nuclear power completely over the next decade. Italian voters voted to scrap a key nuclear project. And the International Atomic Energy Agency quickly chopped its estimate of nuclear power generation by 2035 in half, according to The Economist.  (more)

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Goldcorp (TSX─G; NYSE─GG) rated among best gold stocks to invest in

Analysts surveyed by Investor’s Digest of Canada this month rated Goldcorp among the best gold stocks to invest in. Of the 11 analysts polled, nine rated this Vancouver-based company’s mining stock a “buy” and two a “hold”.
Credit Suisse likes what gold stock Goldcorp Inc. (TSX─G; NYSE─GG) is doing at its Cerro Negro gold mine in Argentina. A good thing too, given the mine’s potential. Not only does it boast reserves of 5.3 million ounces, but it has total resources of 6.2 million ounces.
In fact, there’s a strong possibility that reserves could grow over the life of the mine itself, says Anita Soni, an analyst with Credit Suisse Group in Toronto.
In the meantime, Goldcorp has restarted exploration at the site which had been stalled for over a year, pending resolution of a dispute regarding taxes on in-situ proven reserves.
And although mill throughputs at Cerro Negro have been lower than expected, this is likely to be only temporary, says Ms. Soni, who blames the skimpier volumes on a power grid tie-in.
She also blames the subpar performance on a slowdown in the use of stockpiles to match the milling rate to the rates for both hauling and mining.
Nonetheless, she suggests the lower throughputs will cut this senior Canadian gold mining stock’s net earnings by $0.01 a share.
Both gold and silver recoveries strong
Still, Ms. Soni admits that year-to-date recoveries at Cerro Negro are coming in strong with gold at 91.5 per cent. Not only is this 150 basis points above her own estimate, but it is 150 basis points higher than Goldcorp itself had been hoping for.
Silver recoveries are also proving robust, hitting the tape at over 79 per cent — 400 basis points above Ms. Soni’s forecast, as well as 1,900 basis points above the company’s estimate.
In the meantime, Goldcorp continues to pinpoint the third quarter of this year for a ramp-up at Cerro Negro’s Eureka vein — in-line with Ms. Soni’s forecast. The company is also targeting the fourth quarter of 2015 for a ramp-up at Mariana, another Cerro Negro vein.
For Ms. Soni, Goldcorp merits a recommendation of “sector outperform,” along with a 12-month price target of US$27.
Nine analysts rate this gold stock a buy
Our market forecasters were on-side with Ms. Soni this month. Of the 10 other firms we polled, eight rated Goldcorp a “buy” among gold stocks to invest in and only two a “hold”, lofting the company into 10th spot on our list of must-have stocks.
Headquartered in Vancouver, Goldcorp boasts five mines in Canada and the U.S., three mines in Mexico and two in both Central and South America.
For the three months ended Sept. 30, Goldcorp swung to a net loss of US$44 million or a nickel a share, from net earnings of $5 million, or a penny a share, for the similar period in 2013.
Revenue was also lower, sliding to US$859 million from $895 million, whereas earnings from mine operations slid to US$137 million from $228 million.
For the nine months ended Sept. 30, Goldcorp swung to net earnings of US$237 million, or $0.30 a share, from a net loss of $1.6 billion, or $2.03 a share, for the similar period in 2013.
Revenue declined modestly to US$2.6 billion from $2.7 billion, while earnings from mine operations fell to US$586 million from $745 million for the similar period in 2013.
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The Economist: world’s most over-valued housing in Canada

 “The Economist tracks the health of housing in 26 markets around the world, encompassing a population of over 3 billion…The Economist’s housing index compares the path of house prices against two measures: rents and income. If house prices rapidly outpace either one, a bubble may be forming. According to our measure, property is more than 25% overvalued in seven of the markets we track, notably in Australia, Britain and Canada…

It is in Australia and Canada, however, where prices seem most out of kilter. They are 61% overvalued relative to rents in the former, and 89% in the latter.” 

That makes Canadian housing the most over-valued in the world relative to rents and third behind Australian and Belgium relative to income.  (see table on left)

See, Global housing markets:  property puzzles and also Over-valued home prices put new owners at risk
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Are Gold Stocks the Cheapest Ever?

by Jordan Roy-Byrne, CMT
The Daily Gold

Everyone knows that this has been a devastating bear market for the gold mining sector. If you have followed our work you know that it is the second worst cyclical bear market in at least 80 years. Obviously, gold mining stocks have been crushed. Then they became cheaper, then cheaper and then really cheap. Yet, we may not realize just how cheap this sector has become both in nominal and relative terms.
Below we plot the Barron’s Gold Mining Index (BGMI) against Gold. The BGMI dates back to 1938. The ratio recently touched its lowest level in at least 77 years! There might not be anyone alive today who has seen gold stocks this cheap relative to Gold.
Continue Reading at…
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Friday, April 24, 2015

3 High-Yield Stocks Under $10 Paying Over 10%: MCC, EROC, EXP

There is a lot of appeal for low priced stocks to individual investors. Just from a feel good point of view, it can be more satisfying to buy 500 shares of a $10 stock than 66 shares of a $75 per share stock, even if your outlay is pretty much the same. Besides the satisfaction of owning a lot of shares, there are some valid total-return focused reasons for investors to seek out low priced stocks. (more)

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Sangamo Biosciences, Inc. (NASDAQ:SGMO) Today's close on high volume confirms a trend change from downward to neutral. Will watch to see if it can break this horizontal resistance line. Technical indicators are showing signs of turning around. Over $16.20 would be buy trigger.

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Digital Ally, Inc. (NASDAQ:DGLY) could be in the early stages of a technical breakout (falling wedge pattern on daily). If the stock can break through 13.50 tomorrow, I expect to see heavy volume drive the stock higher.

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BlackBerry Ltd (NASDAQ:BBRY) After consolidating sideways the last few days with an upward bias, the stock broke out upwards today accompanied by a volume surge. Looks good for higher prices.

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Ibio Inc (NYSEMKT:IBIO) Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. Keep this one on your watch list. A break of $1.12 with force might give IBIO room to $1.31.

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CA, Inc. (NASDAQ:CA) looks like it is getting ready to move. It has a good base at $31 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $32.50. Long setup.

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MEI Pharma Inc (NASDAQ:MEIP) rebounded from the support line located at $2.05 and closed the day near the highs, gaining 4.8% on the session. I'm watching the stock to breakout the resistance level at $2.44. The technical indicators still indicate a bullish tone in short-term.

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I think Galena Biopharma Inc (NASDAQ:GALE) stock has found a nice bottom here and it looks poised to post a rally from current levels. The Slow Stochastic just produced a new buy signal. I would watch for a breakout over the $1.46-1.48 region.

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Man Who Predicted Collapse Of Euro Against Swiss Franc Warns World In For Another Major Surprise / April 23, 2015
Today the man who remarkably predicted the collapse of the euro against the Swiss franc warned King World News that the world is in for another major surprise.
Egon von Greyerz:  “There is clearly apathy in the gold market now.  Gold has essentially gone sideways for the last couple of years.  Gold was at these levels in June of 2013.  So for two years gold has been trading sideways with some volatility….
Continue reading the Egon von Greyerz interview below…
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Chart Industries, Inc. (NASDAQ: GTLS)

Chart Industries, Inc. manufactures and sells engineered equipment for the industrial gas, energy, and biomedical industries worldwide. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air-cooled heat exchangers, and cold boxes for natural gas processing, liquefied natural gas (LNG), and industrial gas applications. The D&S segment designs, manufactures, services, and maintains bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; and offer cryogenic components, including vacuum insulated pipe, engineered bulk gas installations, specialty liquid nitrogen, end-use equipment, and cryogenic flow meters. The BioMedical Segment offers respiratory oxygen product line that comprises medical respiratory products, including liquid oxygen systems and stationary, transportable, and portable oxygen concentrators, which are primarily used for the in-home supplemental oxygen treatment of patients with chronic obstructive pulmonary diseases.
Take a look at the 1-year chart of Chart (NASDAQ: GTLS) below with the added notations:
1-year chart of Chart (NASDAQ: GTLS)
GTLS declined rapidly last summer and fall all the way down to it’s January low. The stock has since rallied more than 50 percent. Over the lat 6 months the $40 price level (blue) has become somewhat important to the stock. Not only was $40 a key support in October, as well as resistance in March and April, but that level has also been a recent support for the GTLS here as of late.

The Tale of the Tape: GTLS has a key level at $40. A trader could enter a long position on a pullback down to $40 with a stop placed under the level. However, if the stock were to break back below $40, a short trade could be made instead.
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Thursday, April 23, 2015

Ambev S.A. (NYSE: ABEV) Under $7 Stock Just Pennies Away From a Breakout

There are always themes underlying the stock market. Earlier in the year it was biotechnology. Then oil services offered nice gains.

When we can combine two themes, we can often multiply their benefits, and right now that is what I see with consumer staples stocks and Latin America.

At first glance, the consumer staples sector appears flat and is slightly lagging the broader market so far in 2015. But beneath the surface, the Consumer Staples Select Sector SPDR ETF (NYSE: XLP) is enjoying solid demand.  (more)

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The J.M. Smucker Co. (NYSE: SJM) This 'Recession-Proof' Stock Could Deliver 35% Gains

What kind of companies can you count on to generate value, even when the rest of the market is in a slump?
If history is any guide, then one class of stocks consistently enjoys solid demand from consumers. In fact, this sector is considered by many to be full of great "rainy day stocks."
The sector in question: consumer non-discretionaries, otherwise known as consumer staples.
Here's just one example of their resilience. Between January 1, 2007 and January 1, 2010, the S&P 500 plummeted, returning negative 21% over that period. In contrast, one of these stocks -- which I'll describe shortly -- went up 51%. (more)

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The Put/Call Ratio of Open Interest on S&P 100 (OEX) Options Has Never Been More Bearish

We have mentioned the put/call ratio of open interest on S&P 100 (OEX) options a handful of times over the past 6 months or so. The reason is that this historically “smart money” indicator has been flashing warning signs off and on during that period. On March 3, we posted our most recent update on the indicator as it was on an unprecedented string of bearish readings. The stock market peaked simultaneously and has drifted sideways in the 6 or 7 weeks since. The bearish OEX put/call readings have not relented, however. In fact, the bearishness has accelerated. Even so, we had not intended to dedicate another post to this indicator so as not to be redundant. However, the readings over the last few days warrant an update as they have become extreme. (more)

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Pengrowth Energy Corp (NYSE: PGH)

Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids. The company’s assets include Cardium light oil, Lindbergh thermal, and Swan Hills light oil projects. As of December 31, 2014, it had total proved plus probable reserves of 557.4 millions of barrels of oil equivalent. Pengrowth Energy Corporation was founded in 1988 and is headquartered in Calgary, Canada.
Take a look at the 1-year chart of Pengrowth (NYSE: PGH) below with added notations:
1-year chart of Pengrowth (NYSE: PGH)
After a strong decline from July until December, PGH has been trading sideways over the last 4-5 months. During the sideways move the stock has formed 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.
PGH’s rectangle pattern has formed a resistance at $3.50 (red), which was also a prior support, and a $2.50 support (green). At some point the stock will have to break one of the two levels.

The Tale of the Tape: PGH is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $2.50 or on a breakout above $3.50. The ideal short opportunity would be on a break below $2.50.
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Blackstone Group (BX): A Safe 15.7% Dividend

If there's a better way to get the government on your side as an investor, I haven't seen it...
Longtime Stansberry Research readers know Dr. Steve Sjuggerud has guided his subscribers to massive gains by following his "Bernanke Asset Bubble" thesis. Following the 2008-2009 credit crisis, the Federal Reserve launched a huge effort to stimulate the economy with low interest rates and easy credit.
The Fed's goal was to boost stock and real estate prices while stimulating business- and consumer-loan growth. Steve saw this stimulus coming... and for the past six years, he has urged readers to own stocks and real estate. Steve has repeatedly said the Fed stimulus would create soaring stock prices and recovering housing prices. (more)

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Wednesday, April 22, 2015

Stocks To Watch : GOGO, AOL, RMBS, IMUC, ENZN

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Tuesday's high volume breakout could be the start of a nice squeeze higher for Gogo Inc (NASDAQ:GOGO) shares. Over 37% of float is short (14 days to cover). The stock had a large spread and volume today, successfully breaking several resistances lines. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Patience is a virtue !! Squeeze seems eminent.

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Looking at the daily technical chart of AOL, Inc. (NYSE:AOL), the price is quickly approaching a breakout if the stock can manage to trade above $40.62. A strong volume move above that level, could set the stock up to retest its March highs of $42.42.

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I had Rambus Inc. (NASDAQ:RMBS) on my watchlist a few times this month and today it broke out in impressive fashion on volume expansion. I believe the stock can easily re-visit last year's highs of $14.82/share, if not higher.

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ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) back over 50c. The stock displayed relative strength on Tuesday closing again above its 20-day moving average on solid volume. Short-term levels to watch tomorrow 54c and then 61c.

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) Could be a high flyer on breakout. The 52-week high is $1.83, but based on the current momentum and volume action this level is insignificant. Today could be CRAZY !!!

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Jarden Corp (NYSE: JAH)

Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment. Its Consumer Solutions segment provides household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, teakettles, toasters, toaster ovens, and vacuum packaging machines. The company’s Branded Consumables segment offers fresh preserving jars and accessories. Its Process Solutions segment produces plastic products. The company was founded in 1991 and is headquartered in Boca Raton, Florida.
Take a look at the 1-year chart of Jarden (NYSE: JAH) below with added notations:
1-year chart of Jarden (NYSE: JAH)
After rallying nicely from mid-October until the end of January, JAH has been trading mostly sideways over the last 3 months. During the sideways move the stock has formed 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.
JAH’s rectangle pattern has formed a resistance at $54 (red) and a $51 support (blue). At some point the stock will have to break one of the two levels, and the stock’s recent trendline (green) break of support might be foreshadowing an eventually break of rectangle support too.

The Tale of the Tape: JAH is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $51 or on a breakout above $54. The ideal short opportunity would be on a break below $51.
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Annaly Capital Management (NYSE: NLY): Earn an 11% Yield With This mREIT

Yield, yield, yield.
If there is one topic that interests our readers more than any, it’s yield and where to find it. Readers want to know where to capture safe high-yield income.
Now for the harsh reality: there is no such place.
There is always risk involved when reaching out for yield. But this isn’t to say that certain yield isn’t worth the risk. (more)

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Chart of the Day - Badger Meter (BMI)

The "Chart of the Day" is Badger Meter (BMI).  I found the stock by scanning the "All Time High" list for the best technical indicators and then used the Flipchart function to review the charts.  Badger Meter has rallied sharply over the past month and just exceeded the previous all-time high posted in 2008 before the financial crisis.  TrendSpotter has been long since March 24 at $60.47.  The opinion is a 100% Buy on Badger Meter.

 Badger Meter sells products and services involving flow measurement and control technologies serving markets worldwide. Their products are sold to water utilities, OEMs and various industrial customers primarily operating in the following markets: water, wastewater and process waters; energy and petroleum; food and beverage; pharmaceutical; chemical; and concrete.
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