Monday, July 27, 2015

Stocks To Watch: HOTR, AMDA, CSTE, IAG, OHR

Chanticleer Holdings Inc (NASDAQ:HOTR) Thin name. Will it break up this resistant level? It is showing a small bullish flag just under the 50-day EMA with a 2.73 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 3.15.

Amedica Corporation (NASDAQ:AMDA) broke out of a symmetrical triangle chart pattern to the upside on Friday, which is very bullish. Watch for a good follow through day. First target is the 88c area, and beyond that the 1.10 area. Stop 64c

Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) is flagging just above the 66 breakout area after a steep rise from the 55 level in April. A break of this Bullish pattern could move the stock to test its all-time high just above the $70 level.

On Friday, IAMGOLD Corp (NYSE:IAG) formed a reversal candlestick. Most probably, this technical rebound will push the price up to 1.70 area (previous support, now resistance).

OHR Pharmaceutical Inc (NASDAQ:OHRP) I will keep my long position intact. On the technical side, the stock has been pulling back on low volume to test the breakout zone around the 2.9-3 area. If this zone is respected next week, I expect that the next rebound will push price up to $5. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices IMHO.


Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets. It provides Yandex.News, a news aggregation and information service;, a Russian language Website for movies, television programs, and celebrities; Yandex.Music, a music streaming service; Yandex.Master, a service through which users can find local professionals to do work around their homes;, an automobile-related Website; and other specialized search services for images, video, music, television, weather, jobs, transportation, cars, and real estate. Yandex N.V. was incorporated in 2004 and is based in Amsterdam, the Netherlands.
Take a look at the 1-year chart of Yandex (NASDAQ: YNDX) below with my added notations:
1-year chart of Yandex (NASDAQ: YNDX)
YNDX has been in a persistent downward move for the past 3 months. Over that time, the stock has formed a trend line of resistance (red). Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance.
YNDX has tested its trendline 3 times, so far, and that line currently sits right around $15. Assuming the stock continues to fall, it should be on its way down to the $14 support (green).

The Tale of the Tape: YNDX is currently stuck under a down trending resistance. A break above that resistance should mean higher prices, thus a long trade could be made either then, or on a fall to the $14 support. Short traders might look to enter a trade at the resistance or on a break of $14.

Tom Arnott: Legend Who Oversees $175 Billion Warns Global Ponzi Scheme Now Showing Signs Of Coming Unraveled / July 26, 2015
On the heels of more weak economic data releases from the United States, a legendary chairman & CEO overseeing more than $175 billion, who is one of the most respected men in the financial world, issued a major warning to the financial world.
Today legendary Robert Arnott (above), who oversees $175 billion, issued a warning to the financial world.
Rob Arnott: “Commodities have crashed. Emerging-market bonds have cratered. Emerging-market stocks have had a grinding 4 1/2-year bear market. TIPS are down. High-yield bonds are down. So pretty much everything outside of mainstream stocks is flat to down over the last 30 months.

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
8:30 am Durable goods orders June   2.6% -2.2%
9 am Case-Shiller home price index May   -- 0.3%
10 am Consumer confidence index July   99.1 101.4
10 am Pending home sales June   -- 0.9%
2 pm FOMC announcement        
8:30 am Weekly jobless claims July 25   N/A N/A
8:30 am GDP Q2   2.5% -0.2%
8:30 am Employment cost index Q2
0.6% 0.7%
9:45 am Chicago PMI July   -- 49.4
10 am Consumer sentiment index July   -- 93.3