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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Stocks To Watch: WUBA, MDRX, MDVN, BBRY, WBAI

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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:

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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