Marriott International, Inc. operates, franchises, and licenses
hotels and timeshare properties worldwide. It operates through three
segments: North American Full-Service, North American Limited-Service,
and International. The company also licenses the development, operation,
marketing, sale, and management of vacation ownership and related
products under the Marriott Vacation Club, Grand Residences by Marriott,
The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences
brands to the Marriott Vacations Worldwide Corporation. In addition, it
operates, markets, and develops residential properties, as well as
operates and franchises hotels and resorts; and provides services to
home/condominium owner associations.
Take a look at the 1-year chart of Marriott (NASDAQ: MAR) below with my added notations:
MAR has formed a support level near $77.50 (green). In addition, the
stock is declining against a short-term, down trending resistance level
(red) over the past several of weeks. These two levels combined have MAR
stuck within a common chart pattern known as a descending triangle.
Eventually, the stock will have to break one of those levels.
The Tale of the Tape: MAR has a down trending
resistance and a $77.50 support level to watch. A long trade could be
made on a breakout through the resistance or on a pullback to $77.50. A
break below the $77.50 support would be an opportunity to enter a short
trade.
Please share this article
Wednesday, June 10, 2015
Is Silver Ready For A Reversal?
We have recommended that you buy silver at the current low levels for months now…
Not necessarily because silver’s due for a huge spike — although that case was made in our 2015 silver price forecast — but because if you buy silver in small allocations, it can act as insurance for your broader portfolio in case markets go south. (more)
Please share this article
Not necessarily because silver’s due for a huge spike — although that case was made in our 2015 silver price forecast — but because if you buy silver in small allocations, it can act as insurance for your broader portfolio in case markets go south. (more)
Please share this article
Cardiff Energy CRS.V - Oil Junior Resource Stock
There are times during market cycles when I like to own shares of
some junior companies. When a major shift looks imminent within a market
or sector just like we saw in 2000 and again in 2008 I like to hold
shares in companies which have the potential to rally several hundred
percent.
The story behind Cardiff Energy
stock is real and the horizontal well which they will start drilling
mid-June 2015 has the potential to generate 5-7 times of a vertical
well. Below is the chart with my short term targets.
The
low priced crude oil is wreaking havoc with oil companies and share
prices. The best plays are those who have the lowest cost of production
per barrel and I heard this well could produce profits even if
oil was trading at $25 per barrel and sold at WTI pricing with no
discount.
The energy behind this share price is
very impressive and shows that investors are confident in the
horizontal well. If they strike oil who knows where the share price
could rally to.
Rockstone Report: http://rockstone-research.com/images/PDF/Cardiff1en.pdf
Mark Hulbert: Still to many bulls in this Gold market
There are still too many gold bulls, and that means it will continue
to frustrate those who think bullion has begun a new bull market.
It was one month ago, you may recall, I concluded that the gold market rests “on a shaky sentiment foundation.” Gold bullion today is trading for about $15 an ounce less.
Unfortunately, contrarian analysis doesn’t reach any more bullish a conclusion today than then, despite breathless excitement about a new bull market that is imminent.
READ MORE
Please share this article
It was one month ago, you may recall, I concluded that the gold market rests “on a shaky sentiment foundation.” Gold bullion today is trading for about $15 an ounce less.
Unfortunately, contrarian analysis doesn’t reach any more bullish a conclusion today than then, despite breathless excitement about a new bull market that is imminent.
READ MORE
Please share this article
European Stocks Plunge To 4 Month Lows, Suffers Worst Losing Streak Since 2014
European stocks (Euro Stoxx 600) are down 8.45% from their
April highs, down 6.15% in the last 9 days and are down 6 days in a row
for the first time since December... In other words, either a)
Q€ is not working as Draghi et al. say it is; b) Grexit contagion risks
are anything but contained; or c) The European economy is not
recovering as per the talking heads and investors are being slapped into
that realization.
Q€ gains gone.
And don't try and claim that Bund yields are surging because investors think the recovery is here (or inflation is picking up).
Charts: bloomberg
Please share this article
Q€ gains gone.
And don't try and claim that Bund yields are surging because investors think the recovery is here (or inflation is picking up).
Charts: bloomberg
Please share this article
Subscribe to:
Posts (Atom)