Tuesday, June 30, 2015

Commercial Metals Company (NYSE: CMC)

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment operates 5 steel mills producing reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes. The Americas Fabrication segment operates fence post manufacturing plants, construction-related product facilities, and plants that bend, weld, cut, and fabricate steel. The International Mill segment engages in mill, recycling, and fabrication operations through the operation of two rolling minimills that produce reinforcing bar (rebar) and merchant products. The International Marketing and Distribution segment processes, sells, and distributes steel products, ferrous and nonferrous metals, and other industrial products.
Take a look at the 1-year chart of Commercial Metals (NYSE: CMC) below with my added notations:
1-year chart of Commercial Metals (NYSE: CMC)
Starting in September, CMC declined into January, and from there the stock started a 5-month rally. During the decline, and subsequent rally, CMC created a very clear level of resistance at $17 (green). A break above that $17 level should mean higher prices for the stock, and on Friday CMC broke that level. And for confirmation, the stock broke out on a major increase in volume.

The Tale of the Tape: CMC broke through its key level of resistance at $17. A long trade could be entered on a pull back down to that level. However, a break back below $17 could negate the forecast for a higher move and would be an opportunity to get short the stock.
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Ford Motor Company (NYSE: F) 114% Profit on a 6.4% Move

Carmakers reported surprisingly strong U.S. light-vehicle sales in May with a seasonally adjusted annualized rate of 17.71 million units, the highest since 2005. Aided by five weekends, including the usual Memorial Day blowouts, daily sales of 62,558 units were 5.5% higher than the same month last year.

Besides great weather for car shopping, manufacturers have benefited lately from stronger employment, low gasoline prices and increasing credit availability.

But you wouldn't know it to look at their stock prices. (more)

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Buy These 3 Dips as the Market Slips: Purefunds ISE Cyber Security ETF (HACK), SPDR S&P Bank ETF (KBE), Powershares QQQ Trust (QQQ)

The speculative nature of short selling suggests that the shorts were probably prepping for a Greece-influenced selloff weeks ago. The most recent short interest data indicates this is the case, as a few of the widely traded index ETFs saw larger than normal increases in short positions.

Knowing where the short sellers have increased their positions can be a key component of making the right buys on major corrections like the one we’re seeing today, courtesy of Greece.
The mechanics are simple: If short sellers are increasing their positions ahead of a pullback, it means the positions are likely to have been “presold” — thus, there are likely to be fewer sellers in the market on a heavily shorted position. (more)

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Monday, June 29, 2015

Stocks To Watch: NTRS, GIGA, MSFT, WBAI


Northern Trust Corporation (NASDAQ:NTRS) is butting up against 78.88 resistance, which is its all-time high. A break through this key resistance level could lead to $80-80.5, projected by the upper channel line. Thie price has been in an orderly bullish up-channel since early Frebruary. Worth watching for a breakout.


It looks like Giga-tronics, Incorporated (NASDAQ:GIGA) is starting to turn back up and indicators are giving the first bullish signs. On Friday it closed just slightly below its 50-day EMA, which if broken could accelerate the stock toward its June highs around the 2.20 area. A volatility squeeze seems eminent. You want to watch the stock closely as GIGA can move quickly and you want to be ready for this move once it happens.


Microsoft Corporation (NASDAQ:MSFT) after topping in April, the stock has been in decline, making new lower lows and lower highs.The stock has a strong support at about $45 and the 100-day EMA is being defended as well. Ñext week the Bulls need to hold price above this key level on daily closing basis or the Bears will likely keep pressing for the gap fill. Keep the stock on your trading screen for Monday.


Here's a potential breakdown play - 500 dot com Ltd (NYSE:WBAI). Daily technical chart shows a rising wedge pattern with a negative MACD divergence implying that a trend reversal is on the cards.

Canadian Dollar overvalued by 10%, dragging on Canadian growth: CIBC

CIBC World Markets says the loonie has been overvalued by 10 per cent since the recession, which has saddled Canadians with the equivalent of a 90 basis point higher interest rate from the Bank of Canada.

“Oil’s tumble has brought the Canadian dollar down with it,” said Nick Exarhos and Avery Shenfeld, economists at CIBC World Markets. “But our currency is still richer than it may look.”

The loonie has recently been trading at 81 cents against the U.S. dollar, and is down some 6 per cent against the greenback so far this year. (more)

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Visa Inc (NYSE: V)

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. It owns and operates VisaNet that is involved in the authorization, clearing, and settlement of payment transactions; and provision of fraud protection for account holders and assured payment for merchants. The company also offers a range of issuer processing services for participating issuers of Visa debit, prepaid, and ATM payment products. In addition, it provides electronic payment, risk management, and payment security solutions to online merchants; digital goods transactions services in online games, digital media, and social networks; and mobile financial services for mobile network operators and financial institutions in developing economies.
Take a look at the 1-year chart of Visa (NYSE: V) below with my added notations:
1-year chart of Visa (NYSE: V)
V has created a couple of important price levels to watch. First off, the stock has formed a relatively clear resistance at $70 (red), which would also be a 52-week high breakout if V could manage to move above it. In addition, the stock is climbing a short term, up-trending support level (green) over the last 5 months. These two levels combined have V stuck within a common chart pattern known as an ascending triangle. Eventually, V will have to break one of those (2) levels.

The Tale of the Tape: V has an up trending support and a 52-week resistance level to watch. A long trade could be made on a pullback to the support, or on a break above $70. A break below the up trending support could be an opportunity to enter a short trade.
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The Chinese Stock Bubble Bursts: $SSEC

When financial authorities are in full-blown panic, they cut rates.
Take a quick glance at this weekly chart of the Shanghai stock market:
1. Uptrend broken: check
2. MACD rolled over into a sell signal: check
3. Stochastic breaks down: check
Any questions on what's happening to the Chinese stock market bubble?
Those still entertaining hopes the bubble hasn't burst might want to ponder the frantic flailings of Chinese authorities as A Desperate China Cuts Key Policy Rates.
When financial authorities are in full-blown panic, they cut rates. When financial authorities are in full-blown panic, they deny being in a panic, which proves they are in a full-blown panic.
A reasonable technical target is the 200-week moving average, roughly 50% of the recent high. "Impossible," say recent buyers of Chinese stocks. Yes, of course it is. The authorities will never let the market decline by 50%. As always, this time it's different.
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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
forecast
previous
MONDAY, JUNE 29
10 am Pending home sales May   -- 3.4%
TUESDAY,  JUNE 30
9 am Case-Shiller home price index April   --  
9:45 am Chicago PMI June   -- 46.2
10 am Consumer confidence June   97.4 95.4
WEDNESDAY, JULY 1
8:15 am ADP employment report June   -- 201,000
9:45 am Markit PMI June   -- 54.0%
10 am ISM June   53.0% 52.8%
10 am Construction spending May   0.6% 2.2%
TBA Motor vehicle sales June   17.2 mln 17.8 mln
THURSDAY, JULY 2
8:30 am Weekly jobless claims June 27
273,000 271,000
8:30 am Nonfarm payrolls June   230,000 280,000
8:30 am Unemployment rate June   5.4% 5.5%
8:30 am Average hourly earnings June   0.2% 0.3%
10 am Factory orders May   -0.2% -0.4%
FRIDAY, JULY 3
  None scheduled
Independence Day
 
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Saturday, June 27, 2015

Joy Global Inc. (NYSE: JOY)

Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, hard rock mining products, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars. The Surface Mining Equipment segment produces blasthole drills, conveyor systems, electric mining shovels, feeder breakers, high angle conveyors, walking draglines, and wheel loaders. The company sells its products and services directly to mining companies through a network of sales and marketing personnel worldwide. Joy Global Inc. was founded in 1884 and is headquartered in Milwaukee, Wisconsin.
Take a look at the 1-year chart of Joy (NYSE: JOY) with the added notations:
1-year chart of Joy (NYSE: JOY)
JOY was in a solid downtrend from August of last year until March of this year. After the stock finally bottomed, JOY ended up finding repeated support at $38.00 (green) over the following 4 months. Now that the stock is at that support level again, traders should be able to expect some sort of bounce, most likely back up to the $41 resistance (red). However, if the $38.00 support were to break, lower prices should follow.

The Tale of the Tape: JOY has an important level of support at $38.00. A trader could enter a long position at $38.00 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Interest Rates $TLT , Apple $AAPL and Wheat




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Chart of the Day: Ashbury Automotive Group (ABG)



The Chart of the Day goes to the Ashbury Automotive Group (ABG). I found the automotive and truck dealership stock by sorting today's All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/18 the stock gained 6.99%.

Asbury Automotive Group is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. 


technical indicators:
 100% Barchart technical buy signals
 Trend Spotter buy signal
 Above its 20, 50 and 100 day moving averages
 10 new highs and up 8.21% in the last month
 Relative Strength Index 70.61%
 Barchart computes a technical support level at 91.46
 Recently traded at 92.87 with a 50 day moving average of 86.97

Fundamental factors:
 Market Cap $ 2.53 billion
 P/E 19.86
 Revenue expected to grow 10.70% this year and another 5.90% next year
 Earnings estimated to increase 25.20% this year, an additional 11.00% next year and continue to increase at an annual rate of 16.55% for the next 5 years
 Wall Street analysts issued 2 strong buy, 2 buy, 4 hold, 1 under perform and a sell recommendation on the stock
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy and should continue to be used for entry and exit points on this stock.

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How High Are Corn Prices Going?

Corn futures in the December contract are sharply higher up 4 out of the last 5 trading sessions settling last Friday at 3.68 a bushel while currently trading at 4.02 rallying about $.35 on massive flooding in the Midwestern part of the United States causing production concerns sending prices that we’ve not seen since April 8th hitting a 10 week high.

Corn futures are trading above their 20 and 100 day moving average forming a triple bottom in Monday’s trade around the 3.65 level, however I’m still sitting on the sidelines as the chart structure is absolutely horrific at the current time as the 10 day low is almost $.40 away which does not meet my criteria to enter, however I’m certainly not recommending any type of short position as that would be countertrend trading.

Traders are awaiting next Tuesday’s USDA acres report which will show estimates lowering uncertainty in this market because at the current time estimates are around 89 million acres but nobody really knows what the report will state due to the wet conditions especially in the state of Iowa so expect high volatility next week.  Tuesday will give us some type of estimate of what production could be and if you are a farmer as I’ve talked about in previous blogs if prices were 4.25/4.50 I would definitely take advantage of that situation and sell your cash crop due to the fact that carryover levels are extremely high as there’s no supply problems despite this weather scare.

As I write this article in central Illinois the corn crop here is outstanding and is already about 4 feet tall green and lush so this is only affecting certain areas of the Midwest but as a speculator sit on the sidelines and wait for better chart structure to develop. TREND: HIGHER--CHART STRUCTURE: POOR

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Friday, June 26, 2015

Lion Biotechnologies Inc (NASDAQ: LBIO)

Lion Biotechnologies, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing cancer immunotherapy products to harness the power of a patient’s immune system to eradicate cancer cells. The company’s lead product includes LN-144, an adoptive cell therapy using tumor-infiltrating lymphocytes (TIL), which are T cells derived from patients tumors for the treatment of patients with refractory metastatic melanoma. It has a patent license agreement with the National Institutes of Health to develop, manufacture, and commercialize TIL therapies for the treatment of cervical, head and neck, bladder, lung, ovarian cancer, breast cancer, and colorectal cancers, as well as melanoma; cooperative research and development agreement with the National Institutes of Health and the National Cancer Institute to develop adoptive cell immunotherapies that are designed to destroy metastatic melanoma cells using a patient’s tumor infiltrating lymphocytes; and manufacturing services agreement with Lonza Walkersville, Inc. to manufacture, package, ship, and perform quality assurance and quality control of TIL therapy.
Take a look at the 1-year chart of Lion (NASDAQ: LBIO) below with the added notations:
1-year chart of Lion (NASDAQ: LBIO)
LBIO rallied off of its $5, November low making its way all the way up to a $15 high in March. In addition, over the last 6 months the $10 price level (blue) has become very important to the stock. Not only was $10 a key resistance in January and March, but that level has also been an important support since the end of March.

The Tale of the Tape: LBIO has a key level at $10. A trader could enter a long position on a break above $10 with a stop placed under the level. However, if traders are bearish on LBIO, a short trade could be made instead on a rally up to $10.
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Stocks To Watch: FUEL, GOGO, GRPN, GEVO



Rocket Fuel Inc (NASDAQ:FUEL) The stock made an awesome move breaking out of a major resistance line (50EMA) with volume backed confirmation. I went long as its quite possible we should see a short term move near $10.5/share. The technical chart shows bullish sign with +DI line on top of -DI line and MACD rising. There could be good upside in FUEL so watch the stock closely on Friday.



Gogo Inc (NASDAQ:GOGO) broke through resistance at $23.10 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Next resistance lies at $25


Groupon Inc (NASDAQ:GRPN) is already at extremely oversold conditions with daily RSI (9) at 23. The MACD indicator has stabilized and volatility is dropping. On watch for a potential bounce.



Gevo, Inc. (NASDAQ:GEVO) Volume starts to pick up again (mainly in the final hour of trading). Could make a huge move to the upside. Keep it on your watch list. A break of $4 with force might give stock room to $4.36.

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Is This The Chart That Scared Yellen Capital Out Of Biotechs? :IBB

Nope - no bubble here at all...
"wrong" or "early" or "other"... Biotechs driven by fun-durr-mentals like everything else.


As Bloomberg reports, perhaps there is a limit it this insanity...
Demand for options tied to declines in an exchange-traded fund tracking the companies rose to the highest level in three years relative to bullish ones, according to data compiled by Bloomberg. The Nasdaq Biotechnology Index has risen 549 percent since March 2009, including a 3.8 percent advance last week.

Interest in bearish options on drug developers has jumped in the last year after the group was called out as overvalued by Federal Reserve Chair Janet Yellen on two occasions. Biotechs are selling stock at a pace not seen in a decade and one concern is that something will disrupt the money spigot.

“The sector is dependent on capital that might shy away at the first sign of weakness,” Goldman Sachs derivatives strategists Katherine Fogertey and John Marshall wrote in a June 17 client note. “Recent pipeline setbacks have increased concern of this going forward.”

Biotech companies are doing follow-on stock offerings at the fastest pace in more than 10 years. In the first quarter, biotech and pharmaceutical companies used 93 share sales to reap $18.7 billion, three times more than in 2014, according to data compiled by Bloomberg.
*  *  *
Be careful...
“Biotech stocks have had a speculative fervor to them for some time now,” Todd Lowenstein, who helps manage $16 billion at HighMark Capital Management Inc. in Los Angeles, said by phone. “Of any part of the market, this is the one with the most bubble-like characteristics, without question.”
Or Buy buy buy...
“The customer base for biotech won’t stop buying,” Warren, who manages more than $100 million at Exton, Pennsylvania-based Warren, said by phone. “This sector is probably the best-placed to get any kind of growth, and it’s not going to go away quickly.”
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Bill Barrett Corporation (NYSE: BBG)

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.
Take a look at the 1-year chart of Barrett (NYSE: BBG) with the added notations:
1-year chart of Barrett (NYSE: BBG)
Like most energy related stocks, BBG fell on hard times during the summer and fall. Even recently the stock tested its 52-week low. However, yesterday BBG actually broke back above the prior level of support at $8 (green). That break should mean higher prices for the stock in the short-term, at minimum.

The Tale of the Tape: BBG had a key level of support at $8 that it has now broke back above. A trader could enter a long position at $8 with a stop placed under the level. If the stock were to break below $8 a short position could be entered instead.
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Thursday, June 25, 2015

Canadian Real Estate Bubble Nearly 40 %! Ross Kay



Is Crude About to Make Major Gains? Chris Vermeulen



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Neurocrine Biosciences, Inc. (NASDAQ: NBIX)

Neurocrine Biosciences, Inc. discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the United States. The company’s products in clinical development stage include elagolix, which is in Phase III study for endometriosis; elagolix that is in Phase IIb study for uterine fibroids; Corticotropin-Releasing Factor Receptor1 Antagonist, which is in Phase I/II study for congenital adrenal hyperplasia and stress-related disorders; and Vesicular Monoamine Transporter 2 Inhibitor (VMAT2) that is in Phase III study for movement disorders, as well as Phase I study for tourette syndrome. Its research programs comprise VMAT2 for movement disorders, bipolar disorders, and schizophrenia; gonadotropin-releasing hormone (GnRH) antagonists for men’s and women’s health, and oncology; antiepileptic drugs for epilepsy, essential tremor, and pain; and G Protein-Coupled receptors for other conditions. The company also develops pharmaceutical products for tardive dyskinesia, and other neurological and endocrine-related diseases and disorders.
Take a look at the 1-year chart of Neurocrine (NASDAQ: NBIX) below with added notations:
1-year chart of Neurocrine (NASDAQ: NBIX)
NBIX started from a $12 low back in July of last year and rallied from that low up to a $45 high in March. From there, the stock hit $45 as resistance a few more times forming a solid 52-week high resistance at $45 (blue). Last week the stock broke through that level, which should lead to higher prices overall.

The Tale of the Tape: NBIX broke its 52-week resistance at $45. The possible long position on the stock would be on a pullback down to that level with a stop placed under it. A break back below $45 could negate the forecast for a move higher.
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Wednesday, June 24, 2015

Greece Deal Rumors Send Dollar Soaring

In a continuation of the news from yesterday ( please keep in mind what I said about key markets being completely NEWS-DRIVEN at the moment ), the market is reacting to the potential for a deal between Greece and its creditors.

When the only thing keeping the safe haven trades alive begins to fade in importance to traders, they will dump them like a bad habit. That is what they are now doing to gold, bonds, the yen, and you might as well throw silver into the mix.

Silver in particular seems to be the be the most vulnerable here because all of the other industrial metals have been getting beaten with an ugly stick while it has managed to stay afloat. With copper, platinum and palladium falling apart, there is no fundamental reason for silver to stage any sort of strong rally. Without Greece, it loses its support.

Continue Reading at TraderDan.com…

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Charles Biderman Explains His New ETF to Bob Pisani: TTFS, FCFI



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Buy The Technology Select Sector SPDR (NYSE:XLK)

Stocks are finally breaking out!
The Russell 2000 small-cap index? Check. Midcap stocks? Double check. Blistering biotechs? Triple check. In fact, The Biotech iShares continued to reach for new highs Monday after last week’s jolt.
There are still some weak spots out there, like utilities. But if you’re taking the time to zero-in on the strongest stocks in the strongest sectors, you’re absolutely thrashing the major averages this year.
And you don’t even have to be a great stock picker to beat this market. Those biotech iShares I just mentioned? They’re up 20% in just about 5 months. No stock picking genius required there. The S&P 500? Up about 5% over the same timeframe.
And the S&P 500 is playing catch-up to these early breakouts to start off the week. So it’s time to look for the stocks that could make the move from mediocre to market leader. And the best place to look is large-cap tech stocks…
So today we’re hitching our wagon to one of the strongest stocks in the biz. It’s been resting most of the year, but now this sleeping giant is storming back and could be on its way to record highs this summer…
Some of the most recognizable names in the tech space hit the snooze button back in the spring—and they still have yet to wake up from their naps. The Technology Select Sector SPDR (NYSE:XLK) has bested the S&P 500 over the past five months or so. But it’s not setting the world on fire.
So if you’re looking for excitement this hasn’t been the place to find it…
Here are some of the biggest snoozers: Apple, the largest holding in XLK, has gone nowhere since March. Microsoft is flat on the year. Verizon is up a few bucks—but has fallen off over the past six weeks.
But not all of these big techies are playing Sleeping Beauty. In fact, it looks like some of these stocks are starting to wipe the crust out of their eyes. And Mr. Market is pouring a few of these lagging tech stocks a hot cup of coffee as I type…
How about Facebook? Yup, the ol’ Facebook is a major tech player now. And shares are looking strong, up 5% so far this month and quickly closing in on its highs. The social media landscape has already started to fracture. Traders are taking the weak names to the woodshed, while the best of the best (like Facebook) march higher. And it’s not the only tech stock waking from its slumber…
Google, the king of search, is also getting up off the mat. This stock is now up five days in a row and punching through a trading range it’s been trapped in since April.
I think Monday’s move higher is just the beginning of another push to new highs for Google. This stock has flat-lined for way too long. Even today it’s trading at prices we haven’t seen since October. And shares remain well below the all-time highs near $615 set more than a year ago…
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Tuesday, June 23, 2015

RDUS Radius Health Measuring Gap – Potential Technical Price Target 100 US Dollar

Thursday RDUS – Radius Health released good news and the stock gapped higher. As I outlined in my previous post Getting exposure to high quality set-ups like RDUS – Radius Health is the way to go. This simply increases the odds for good things to happen.

Assuming RDUS will close strong, this will leave a strong white candle on the chart and a clearly visible gap. My best guess would be for it to be a measuring gap. These often tend to occur right in the middle of a move. In this case this would imply a technical price target slightly above 100$. If my analysis is correct the gap won’t be filled until the target is acquired. Right now, for position traders RDUS is a great stock to hold. Especially if you entered using the stop buy I suggested earlier. As long as the stock stays strong and acts well, ride the uptrend.

$489,379 Per Month Trading Dirt Cheap Stocks

Changyou.Com Ltd (NASDAQ: CYOU)

Changyou.com Limited develops and operates online games in the People’s Republic of China. It is primarily involved in the development, operation, and licensing of massively multi-player online games, which are interactive online games that might be played simultaneously by various game players; Web-based games, which are played over the Internet using a Web browser; and mobile games that are played on mobile devices and require an Internet connection. The company also owns and operates Web properties and software applications for PCs and mobile devices, including the 17173.com Website, an information portals for game players in China; the wan.com Website, a games portal that provides a collection of Web games of third-party developers to game players; RaidCall, which provides online music and entertainment services, primarily in Taiwan; and the Dolphin Browser, a gateway to a host of user activities on mobile devices, with its users in Europe, Russia, and Japan.
Take a look at the 1-year chart of Changyou.com (NASDAQ: CYOU) below with added notations:
1-year chart of Changyou.com (NASDAQ: CYOU)
After rallying nicely from mid-October until the beginning of May, CYOU has been trading mostly sideways over the last 2 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.
CYOU’s rectangle pattern has formed a resistance at $35 (red) and a $31 support (green). At some point the stock will have to break one of the two levels.

The Tale of the Tape: CYOU is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $31 or on a breakout above $35. The ideal short opportunity would be on a break below $31.
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Buy DJ-UBS Grains Total Return Sub-Index ETN (JJG), or the MLCX Grains Index TR ETN (GRU) & Go Long Agriculture

So, how should you play the 2015-2016 El Niño?

You could trade the more active, nearby grain futures contracts and roll them upon expiration. But, if you aren’t willing to do that, there are always agriculture and grain indices ETNs that are more user friendly. Check out the DJ-UBS Grains Total Return Sub-Index ETN (JJG), or the MLCX Grains Index TR ETN (GRU), both of which track the performance of agriculture futures.

http://etfdb.com/factsheets/JJG/

The good news is that agriculture futures prices are currently quite low, so it’s a good time to get in.

But don’t wait for Mother Nature to do her thing, because she can be fickle.
Look out for future GIEWS reports, which monitor the condition of major food crops across the globe to assess production prospects.

It would also be smart to check out the newly developed FAO-Agricultural Stress Index System, which detects agricultural areas with a high likelihood of water stress (drought) at the global level.

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Bed Bath & Beyond Inc. (BBBY): BBBY Stock Issues Death Cross – Sell Now

Bed Bath & Beyond Inc. (BBBY) — This retail chain operates 1,500 superstores that sell domestic home furnishings. Competition in a difficult retail environment, a higher tax rate, unfavorable exchange rates, high employee benefit packages, the encroachment of e-commerce and price transparency are squeezing operating margins.
Credit Suisse Equity Research noted EBITDA growth was only 1.3% in the fourth quarter of fiscal 2014 (ended Feb. 28) and down for the full year. Credit Suisse and S&P Capital IQ recently lowered their earnings and price targets on BBBY stock.
Management’s goal is to open 30 new stores with the intent of increasing square footage by 1% to 3%, but the risk of an unexpected decline in consumer spending and the trend toward online shopping makes this approach risky.
BBBY stock broke down in early April from a triple-top at about $78. The stock descended into a channel down with resistance at its 50-day moving average, now at $71.24, and the descending resistance line.
Last week, the 50-day moving average crossed down through the 200-day moving average, a long-term negative signal called a death cross, ending a rally at the 50-day moving average on Friday.
On-balance-volume has been trending lower since January, indicating the bear market in BBBY stock is far from over. Insider selling has been high for the past 12 months and very high in the past three months. Nasdaq.com shows 21 insider sells representing 307,707 shares in the past 90 days and zero insider buys.
Sell BBBY stock if you own it. Traders may want to sell shares short at $71 with a downside target of $63 for an 11% profit.
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Have Chinese Markets Hit Top? Bob Hoye



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Monday, June 22, 2015

Marin Katusa – Making Money in Junior Minors is All About Management and Patience

from Financial Survival Network
Marin Katusa now has his own website KatusaResearch.com where he shares his thoughts and research about the resource sector. Marin has been extremely successful investor. We discussed where we are in the cycle and what an investor needs to do to pick the winners in this depressed sector. The last time Marin and I spoke, he called the coming downturn. He thinks it’s going to continue for a while but there’s hope. As long as able managers such as Keith Neumeyer stick around, there’s potential for large gains ahead. * Contains sponsored material.
Click Here to Listen to the Audio
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Stocks To Watch: ISIL, CBAY, HDS, FB

( click to enlarge )

Intersil Corp (NASDAQ:ISIL) broke the downtrend line last week on decent volume and looks like it is taking a little breather here before moving back above the $13.70 zone which would be the next buy point. If momentum continues as I expect next week, I think there are lot of profits left on the table for traders to capitalize on. Options traders are buying calls. A quick look at the technical daily chart : 

1) MACD lines are going up 
2) RSI still above the neutral 50 level at 54, buyers strength still persists. 
3) CMF is positive 
4) The +DI crossed up through the -DI las week - Bullish. 
5) OBV still climbing. 
6) The accumulation/distribution indicator shows the stock is under strong accumulation 

Honestly speaking, there is some upside potential, which makes it worth watching for the next few days. Keep watching the stock.



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CymaBay Therapeutics Inc (NASDAQ:CBAY) formed a bullish candle on the daily technical chart and reversed higher on solid volume from the key long-term support level. The stock is on the cusp of a move higher that could take it to the 100-day EMA at 4.20 pretty easily.


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HD Supply Holdings Inc (NASDAQ:HDS) tagged a new 52-week high on Friday but closed poorly. Shareholders may remain invested with a stop-loss at $33.80 (20EMA).

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Facebook Inc (NASDAQ:FB) has been consolidating the past few days and just recently started inching above most of the consolidation zone. Volume is starting to pick up and there could be a decent short squeeze if it clears the 83.20 level. On watch.
 
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HPQ Stock Could be a Bottom Fisher’s Dream

Hewlett-Packard Company (HPQ) — This leading maker of computers, printers and servers has a large service and support network.
On May 21, Hewlett-Packard reported fiscal second-quarter earnings of $0.87 per share, beating the consensus estimate by a penny. However, revenue of $25.5 billion fell slightly short of expectations due mostly to foreign currency effects and weather-related issues. But analysts are confident that cost-cutting will bring positive returns.  (more)

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15 Stocks on the Verge of Signaling 'Buy'

As Chief Investment Strategist of Profitable Trading's Alpha Trader service, I've noticed a clear trend emerging over the past few weeks.
When I ran my algorithms to screen the market for our next big winners, two things leapt out at me -- and both are bullish signs.
First, the number of stocks I've been recommending to subscribers is running at twice its "normal" rate.   (more)

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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
forecast
previous
MONDAY, JUNE 22
8:30 am Chicago Fed national activity index May -- -0.12 3-month
10 am Existing home sales May
5.25 mln 5.04 mln
TUESDAY,  JUNE 23
8:30 am Durable goods orders May -1.1% -1.0%
9 am FHFA home prices April -- 5.2% yoy
9:45 am Markit PMI flash June -- 54.0
10 am New home sales May 525,000 517,000
WEDNESDAY, JUNE 24
8:30 am GDP 1Q -0.2% -0.7%
THURSDAY, JUNE 25
8:30 am Weekly jobless claims June 20
271,000 267,000
8:30 am Personal income May 0.5% 0.4%
8:30 am Consumer spending May 0.8% 0.0%
8:30 am Core inflation May 0.1% 0.1%
FRIDAY, JUNE 26
10 am Consumer sentiment June
94.6 94.6
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Saturday, June 20, 2015

3 ETFs for a Greek Default: GLD, EPV, VIX


The situation in Greece appears to be deteriorating with banks there suffering accelerating deposit withdrawals — setting the stage for capital controls possibility as soon as Monday.

If a new bailout agreement isn’t ironed out between Athens and the European establishment soon, it’s very we’ll see a Greek default on $1.8 billion in bundled debt payments to the International Monetary Fund at the end of the month.

This is the final act of a long simmering crisis.
If things go belly up and there is a Greek default, here are three ETFs that should be big winners in the fallout. (more)

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Bond funds worldwide post biggest outflows in two years: BofA


Investors worldwide pulled $10.3 billion out of bond funds in the week ended June 17 after a spike in yields earlier this month spooked debt investors, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
It marked the biggest weekly outflows from the funds in two years, according to the report, which also cited data from fund-tracker EPFR Global. Investment-grade bond funds posted $2.1 billion in outflows, marking their first outflows in 78 weeks, while riskier high-yield bond funds posted $4 billion in outflows to mark their biggest withdrawals since last December. (more)

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Technical Aspects of Corn Futures Turning Bullish

After a protracted downturn, it is now looking that the technical picture is turning bullish for corn futures. Several major downtrend lines have now been broken, as futures have been able to bounce from the lows that were made in September.

I suspect the double bottom breakout sell signal to the downside at the 365-367 that was made earlier this year will be violated to the upside. There are several reasons why this is likely. For one thing, the follow through to the downside when the breakout first occurred has been limited. In addition, there appears to be only limited volume on weakness.

CORN FUTURES - WEEKLY.
  

Chart provided by QST

The technical outlook for corn futures is turning from bearish to bullish.Please share this article

How to Find Safe, Profitable Gold Producers GDX, KGC, NGD, EGO, DGC.TO

It has been a brutal last few years for the gold sector...
 
Gold prices are down 38% since they peaked in 2011... And gold producers are down with them. The Market Vectors Gold Miners Fund (GDX) – which holds the shares of most major gold producers – peaked two weeks after the gold price in 2011. Since then, it's down 72%.
 
But as we've shown you in these pages, the gold sector is likely to bottom soon. That means resource investors have a great opportunity right now to buy gold producers while they're dirt-cheap...(more)
 
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BC LNG Looking Bright – Keith Schaefer



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Friday, June 19, 2015

Martin Armstrong: Bear Market in Bonds May Lead to “Phase Transition” in Stocks



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Buy TSLA as Musk Readies His Million-Vehicle March

If there’s one thing all of Wall Street should have learned by now, it’s don’t bet against Tesla Motors (TSLA) and its genius CEO Elon Musk.

So, when Musk sets his sights on a million Tesla’s on the road by 2020, you had better check your rear view mirror — because a Tesla is probably about to pass you.

According to the Wall Street Journal, Tesla’s million-vehicle march was part of a forecast from Tesla’s chief technical officer, JB Straubel, during a conference Monday in Washington, D.C.  (more)

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Radius Health Inc (NASDAQ: RDUS)

Radius Health, Inc., a biopharmaceutical company, focuses on developing therapeutics for patients with osteoporosis and other serious endocrine-mediated diseases in the United States. The company’s lead product comprises abaloparatide SC (BA058), a novel synthetic peptide analog of parathyroid hormone-related protein that is in Phase III clinical development for use in the reduction of fractures in postmenopausal osteoporosis; and Abaloparatide-TD, a line extension of abaloparatide-SC in the form of a transdermal patch that has completed Phase II clinical trial, which is used to increase bone mineral density.
Take a look at the 1-year chart of Radius (NASDAQ: RDUS) below with added notations:
1-year chart of Radius (NASDAQ: RDUS)
RDUS embarked on an amazing rally in August of 2014, which took the stock all the way up to a high at $50 in February. From there, the stock hit $50 as resistance several more times forming a solid 52-week high resistance at $50 (green). Yesterday the stock broke through that level on strong volume, which should lead to higher prices overall.

The Tale of the Tape: RDUS broke its 52-week resistance at $50. The possible long position on the stock would be on a pullback down to that level with a stop placed under it. A break back below $50 could negate the forecast for a move higher.
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Equity Markets Slight Summer Decline. David Gurwitz of Nenner Research



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5 Reasons Why Canada Is in Serious Trouble

Earlier this year, Deutsche Bank’s chief international economist Torsten Sløk circulated a presentation that painted a fairly dire portrait of the Canadian economy. The presentation shows that debt levels are hitting record levels and sky-high home prices are cooling off, increasing pressures on the Canadian financial system and labour markets.
Let’s take a look at the five most important headwinds facing the Canadian economy today.

1. Canadian household debt is higher than ever

In the early 1990s both U.S. and Canadian households started to take on an ever-increasing amount of debt. Starting at roughly 80% in 1990, household debt increased to 125% of household income in both countries by 2009. After the financial crisis, however, U.S. household debt to income decreased dramatically to its current level of 100%. Canadian household debt continues to increase dramatically to today’s nosebleed level of 150%. With the U.S. economy still reeling from its massive deleveraging cycle, Canada’s economy has the potential to be even worse.  (more)


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Thursday, June 18, 2015

Would A Greek Default Drag Down The Stock Market?

The world’s stock markets ended jittery last week, amid fears of a Greek bailout default, and the FTSE 100 is down to 6,730 as I write — 393 points short of the 7,123 it touched in April.
And now the latest round of talks between Greece and its EU taskmasters has failed.
Although progress was made over the weekend, there are apparently still “significant gaps” between the two sides’ positions. While the Greek government is prepared to make more cuts at the behest of EU lenders, the main stumbling block appears to be pensions — the EU and IMF want them cut, but the Greeks are having none of it. (more)

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Is the Chinese Stock Market A Bubble That's Ready To Pop?

When it comes to stock markets, China's sure marches to the beat of its own drum.
The Shanghai Composite gained 145% in the past year, compared to about 7% for the S&P 500. Now, though, things may be unraveling in China -- and given what happened there just a few years ago, it is not likely to be pretty.
In the chart above, we can see the recent nearly vertical rise in the Chinese market after a slow, multiyear drift lower. (more)

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Oil Bucket List Winners and Underperformers: FPM,SOU, PANR, RKH, HUR, CAZA, GENL, IAE, PMG



Featuring Faroe Petroleum (FPM.L), Sound Oil (SOU.L), Pantheon Resources (PANR.L), Rockhopper Exploration (RKH.L), Hurricane Energy (HUR.L), Caza Oil and Gas (CAZA.L), Genel Energy (GENL.L), Ithace Energy (IAE.L) and finally Parkmead Group (PMG.L)

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iDreamSky Technology Ltd (NASDAQ: DSKY)

iDreamSky Technology Limited, through its subsidiaries, licenses and operates single player mobile games and mobile online games in the People’s Republic of China. The company operates casual games, such as Temple Run and Subway Surfers endless running games; Three Kingdoms of Fruits, a role-playing game; and Fruit Ninja, a reflex game, as well as racing, shooting, puzzle, and other genres of the game. It also licenses and operates mid- and hardcore mobile games, including Fire over Sky and Three Swordsmen role-playing games; and Story of Beauty, a card game, as well as action role-playing games, strategy games, and action fighting games. The company distributes games through in-game cross promotions, self-operated iDreamSky Game Center, and uu.cc Website, as well as through its proprietary distribution channels and third-party channels, such as app stores and device pre-installations.
Take a look at the 1-year chart of iDreamSky (NASDAQ: DSKY) below with the added notations:
1-year chart of iDreamSky (NASDAQ: DSKY)
After DSKY broke its $15 support (red) in January the stock fell all the way down to $7. From there DSKY has rallied over 100 percent, while also forming a key level at $12 (green). With the stock sandwiched in between those levels DSKY should provide a solid trading opportunity one way or another.

The Tale of the Tape: DSKY has a key levels at $12 and $15. A trader could enter a long position on either a pullback to $12, or a break above $15, with a stop placed under the level of entry. However, if the stock were to break back below $12, a short trade could be made instead.
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