Is The Silver Trade Getting Crowded? Trader Dan

That is the question I am asking myself today after having some time to analyze its Commitments of Traders report.
Here is the Daily Silver chart:

It has had a nice run higher off the April low near 15.50 after it managed to clear the $16.75 region with conviction last week.  (more)

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Stocks to Watch: KORS, VIPS, GALE

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Michael Kors Holdings Ltd (NYSE:KORS) I'm seeing on daily technical chart a potential falling wedge pattern with a positive divergence on MACD, and they often break to the upside. A close above 62 should be enough to trigger a rally towards the 65 level. Keep the stock on your radar.

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Vipshop Holdings Ltd (NYSE:VIPS) Rallied hard Tuesday on solid volume. If it clears back over 27.02 (50-day EMA), may have some good upside.

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Galena Biopharma Inc (NASDAQ:GALE) Nice move today on decent volume. Traders should watch for a potential breakout over 1.47

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The Top 5 Stocks Held By Congress: GE, MSFT, PG, WFC, AAPL

I’ll be honest — the most popular stocks held by Congress aren’t some super-secret investments…

And they aren’t exclusive investments owned only by those in Congress with some inside knowledge of a future breakthrough.

Instead, they’re large multi-national corporations that make up the bulk of many average investors’ portfolios.  (more)

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Trade of the Day: VLO Valero Stock Looks Like a Steal

Valero Energy Corporation (NYSE:VLO) — This is the world’s largest independent refiner and marketer of petroleum, and it recently spun off its retail business.

In the first quarter, the company reported EPS of $1.87, beating the consensus estimate by $0.20. Average refinery throughput volume increased by 9,000 barrels per day year over year to 2.7 million. VLO’s refineries averaged 92% utilization in Q1, and profit margins widened by $1.49 per barrel.  (more)

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Black Gold, Low-Cost Oil Opportunity

Capitalizing in the oil sector when the price of crude oil is low is a very challenging endeavor. The recent drop in crude oil from $108 per barrel down to nearly $42pb has pulled the share price of most oil related companies sharply lower, thus providing exceptional investment value in some cases.
While the price of crude oil has recovered nearly 50% from March 2015 low with a current oil price around $60pb, crude oil continues to be well below the $95 per barrel 3-year average.
Junior oil shares have seen a wave of panic selling that has many junior shares trading at bargain prices. While this may sound great for long-term investors, selecting the correct companies is no easy task. Let me explain: (more)

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