Tenaris SA (NYSE: TS)

Tenaris S.A., through its subsidiaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. It offers products for oil and gas drilling operations that include casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn tubes, tubular and non-tubular accessories, and devices, as well as technical consulting, pipe management, and field services.
Take a look at the 1-year chart of Tenaris (NYSE: TS) with the added notations:

After TS’ 2nd half, 2014 decline, the stock finally bottomed in January, eventually finding support at $26.00 (green). TS hit that support level again in March. Now that the stock appears to be falling back down to that support level again, traders could expect some sort of bounce. However, if the $26.00 support were to break, lower prices should follow.

The Tale of the Tape: TS has an important level of support at $26.00. A trader could enter a long position at $26.00 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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BNN Top Picks from Norman Levine: General Electric $GE, SNC-Lavalin SNC.TO and Vodafone $VOD

MARKET OUTLOOK:
This is being written just prior to the Greek referendum but the outlook remains largely the same regardless of the results of the vote. Stocks have generally been weak of late, due to the uncertainty over Greece and bonds have been strong as investors seek safety. We look forward to further declines in equity prices and this is hopefully the market correction we have been expecting and eagerly awaiting. We have cash to spend and are convinced that global equity growth will not be hurt in the long term by the problems in Greece so we are awaiting better valuations in order to invest our cash.
Top Picks:
General Electric (GE.N -1.75%)
We have owned General Electric for many years and are buying it at current prices for new clients.  (more)

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New Zealand Dollar Could Rally Double Digits in the Coming Months

Major currencies are rising in value...

 

Since the U.S. dollar peaked on March 13, the Brazilian real is up around 8.5%. And the euro is up around 5.7%.

 

But two major currencies have lost value versus the dollar – the Japanese yen and the New Zealand dollar.

 

The fall in the New Zealand dollar has been spectacular. And investors have fled... which gives us an opportunity. History says this currency could soon bounce by double digits. (more)

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Ross Clark - Agricultural Commodities. Gerald Celente – China. John Rubino – Greece.

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