Thursday, March 5, 2015

The Mining Stocks You DON'T Want to Own Today

Last year, we told you about the terrible bear market in iron ore.
Iron ore, the building block for steel, fell 67% over the past four years... and 44% in the past year alone. Many iron ore miners are down double digits.
But there's likely even more downside ahead...
As regular Growth Stock Wire readers know, commodities like iron ore are tremendously cyclical. That means their prices go through big cycles of boom and bust. That's because the prices of commodities are based (almost) solely on supply and demand. If there's more supply than demand, prices will fall. But if there's more demand than supply, prices will rise. (more)

Please share this article

Why oil will be rangebound for the time being : Jim Rickards

Jim Rickards, chief global strategist at West Shore Funds, expects oil prices to trade between $50-60 for a year or two as Saudi Arabia attempts to put the U.S. shale frackers out… 
Please share this article

Mickey Fulp Monthly Major Review – February 2015

from Financial Survival Network
It’s time for Mickey Fulp’s Monthly Major Review…
February 2015 continued the trend of increasing volatility across most major markets. Stock markets started going up again after a brief one month hiatus on the downside. Metals were down, oil rallied, Natgas notched up slightly, Uranium was up, so were interest rates on the 10 year. Bitcoin was up finally. The Dollar was up as well. Dr. Copper seems to have found a low at $2.50.
Markets have gotten a whole lot interesting lately.
Click Here to Listen to the Audio
Please share this article

LKQ Corporation (NASDAQ: LKQ)

LKQ Corporation provides replacement parts, components, and systems needed to repair cars and trucks in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America. The company operates in three segments: Wholesale North America, Wholesale Europe, and Self Service. It distributes various products, including aftermarket collision and mechanical products; recycled collision and mechanical products; and refurbished collision replacement products, such as wheels, bumper covers and lights, and remanufactured engines. The company also offers recycled products comprising engines, transmissions, door assemblies, and bumper assemblies, as well as sheet metal products, such as trunk lids, fenders, and hoods.
Take a look at the 1-year chart of LKQ (Nasdaq: LKQ) with the added notations:
1-year chart of LKQ (Nasdaq: LKQ)
LKQ has essentially went nowhere over the last 12 months having traded sideways the whole time. And during the last year, the stock has also created a key price level at $25 (red), which has been support every time it has been tested since June. Now that the stock has broken that support, lower prices should follow.

The Tale of the Tape: LKQ broke a key level of support at $25. A trader could enter a short position on any rallies up to or near $25 with a stop placed above the level. If the stock were to break back above the $25 level, a long position could be entered instead.
Please share this article

Historic Danger Signal Flashing RED, Indicating Stock Markets Finally Set For Massive Plunge!

Today one of the greatest danger signals is flashing RED!
DANGER – From Investors Intelligence: The spread between the bulls and bears remained a major worry at 44.6%. Differences over 30% are a worry and above 40% signal major caution. The bears haven’t outnumbered bulls (a negative spread) since October 2011. 
Please share this article