A Look At 100 Baggers

Last Wednesday was “Back to the Future” Day.
In the second film of famous Back to the Future trilogy, Marty McFly and Doc Brown travel from 1985 to Oct. 21, 2015. There were all kinds of articles about the film and what it got right and wrong and so forth.

Of course, I can’t help but wonder what stocks you might’ve bought back in 1985 that turned into 100-baggers. A columnist at MarketWatch, Philip van Doorn, looked at the top performers in the S&P 500 from 1985 to now:  (more)

Mind The SPX Arch Potential For A 25% Plunge Ahead

If you been following our technical chart segment you have seen the evolution of one particular chart: That of the daily $SPX. The rejection of price on Friday, after yet another push higher, occurred at the level of an arch that we have been observing unfold over the past year. Now there is no technical pattern called the “arch”, but one cannot deny that since September 2014 price rejections have taken place along very specific points that now offer stunning symmetry.

It is not only the arch here which has proved superbly precise, but the confluences of price rejections are incredible.  (more)

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) looks to have finally hit bottom, as the stock bounced strongly on Friday after its recent weakness. With the strength the stock showed at the close, we should see a continued upside move. I expect to see an increase in volume as traders are always looking for stocks that bounce after a big sell-off, so watch it closely next week.

US Weekly Economic Calendar

time (et)	report	period	ACTUAL	CONSENSUS forecast	previous
MONDAY, OCT. 26
10 am	New home sales	Sept.	468,000	550,000	529,000
TUESDAY,  OCT. 27
8:30 am	Durable goods orders	Sept.	-1.2%	-2.3%	-3.0%
9 am	Case-Shiller home prices	Aug.	4.7% yoy	--	4.6% yoy
9:45 am	Markit services PMI	Oct.	54.4	--	55.1
10 am	Consumer confidence index	Oct.	97.6	102.1	102.6
10 am	Homeownership rate	Q3	63.7%	--	63.4%
WEDNESDAY, OCT. 28
8:30 am	A dvance trade in goods	Sept.	-$58.6 bln	-$64.0 bln	-$67.2 bln
2 pm	FOMC announcement		0%-0.25%	0%-0.25%	0%-0.25%
THURSDAY, OCT. 29
8:30 am	Weekly jobless claims	Oct. 24	260,000	265,000	259,000
8:30 am	Gross domestic product	3Q	1.5%	1.8%	3.9%
10 am	Pending home sales index	Sept.	-2.3%	--	-1.4%
FRIDAY, OCT. 30
8:30 am	Personal income	Sept.	0.1%	0.2%	0.3%
8:30 am	Consumer spending	Sept.	0.1%	0.2%	0.4%
8:30 am	Core Inflation	Sept.	0.1%	0.2%	0.1%
8:30 am	Employment cost index	3Q	0.6%	0.7%	0.2%
9:45 am	Chicago PMI	Oct.	56.2	--	48.7
10 am	Consumer sentiment index	Oct.	90	92.5	87.2