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 Sl√łk 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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