Tuesday, May 31, 2016

IT.TO Intertain Group, Still In An Uptrend For Now But Volume Is Falling

PENN Penn National Gaming, Fibonacci Retracement Over?

TWTR Twitter, Double Bottom?

LPTH LightPath Technologies, Forming a Bottom?

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
  None scheduled
Memorial Day
8:30 am Personal income April   0.4% 0.4%
8:30 am Consumer spending April   0.7% 0.1%
8:30 am Core inflation April   0.2% 0.1%
9 am Case-Shiller home prices March   -- 0.7%
10 am Consumer confidence May   96.7 94.2
9:45 am Markit PMI May   -- 50.5
10 am ISM manufacturing May   50.3% 50.8%
10 am Construction spending April   0.6% 0.3%
TBA Motor vehicle sales May   17.4 mln 17.3 mln
8:15 am ADP employment May   153,000 156,000
8:30 am Weekly jobless claims May 28
270,000 268,000
8:30 am Nonfarm payrolls May   155,000 160,000
8:30 am Unemployment rate May   5.0% 5.0%
8:30 am Average hourly earnings May   0.2% 0.3%
8:30 am Trade deficit April   -$41.0 bln -$40.4 bln
10 am ISM nonmanufacturing May   55.5% 55.7%
10 am Factory orders April   1.9% 1.5%

Wednesday, May 25, 2016

MGT Capital, Are We Approaching the Next Leg of the Correction?

SWHC Smith Wesson Holding, 2 Month Rounded Bottom Approaching Strong Resistance

LAKE Lakeland Industries May Have Found a Bottom But Needs Heavy Volume to Confirm

HIMX Himax Technologies Correction Appears to be Over

GE General Electric, Fibonacci Pullback Looks Like it's Over

David Gurwitz of Nenner Research – Cycles Not Looking Good for World Share Markets

from Financial Survival Network
David Gurwitz director of the famed Nenner Research Company came on to discuss where cycles are heading. Long term stocks don’t look good for 2017 to 2020. For now they’re choppy. Most markets seems to be trading now in a sideways pattern. Gold and silver are looking good in the future. Currencies again are relatively tame at the present time, but expect more volatility in the near future.
Click Here to Listen to the Audio

Monday, May 23, 2016

MCD McDonalds Is the Bull Finally Over?

MMM 3M Possible Double Top If Breaks Support

GBT Global Blood Therapeutics Looks Promising

BBRY BlackBerry Bouncing Off Support But Needs Heavy Volume on Trendline Break for New Uptrend

ICPT Intercept Pharma On Strong Support with Indicators Turning Up

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
9:45 am Markit PMI flash May   -- 50.8
10 am New home sales April   525,000 511,000
11 am Household debt 1Q      
8;30 am Advance trade in goods April   -$59.6 bln -$56.9 bln
8:30 am Weekly jobless claims May 21
275,000 278,000
8:30 am Durable goods orders April   0.3% 0.8%
10 am Pending home sales April   1.0% 1.4%
8:30 am GDP revision 1Q   0.9% 0.5%
10 am Consumer sentiment May   95.0 95.8

Wednesday, May 18, 2016

MGT Capital Investments, Mediocre Close - Gaps - Blowoff Volume Indicating Short Term Top?

DDD 3D Systems, Reached Maximum Fibonacci Pullback, Indicators Showing Bottom

VRX Valeant Pharma, Double Bottom, Now Needs to Break Downtrend Line

STX Seagate Technology, Ready To Bounce Off the Bottom?

VXX SP500 VIX , Bullish Divergence Indicating Possible Bottom

Time to Get Bearish on Stocks?

Currently, a ‘sharp fall’ is now anticipated within the equity markets! This decline will be accompanied with ‘new volatility’.  There is a great deal of ‘uncertainty ‘within the U.S. markets.

Currently, we are viewing a ‘textbook’ ‘head and shoulders pattern’ in the SPX and is going to be a big inflection point we look back on months from now.

There are less and less stocks that are participating in the recent move upwards which suggest a technical breakdown is likely to happen.
The ‘cycles’ of the SPX have recently confirmed that we have now witnessed the ‘highs’. The ‘top’ is currently in place and I expect that the ‘negative trend’ will continue to persist.

The ‘smart money’ has been exiting the equity markets during the last few weeks with strong waves of selling volume taking place on a consistent basis.

Yesterday morning, Monday, May 16th, 2016, I alerted my subscribers to two new positions to enter into so as to take advantage of during this next significant market move and change in volatility.

Consequently, consumers have already started to slow down in their spending.  They will change their past behavior, and, as a result, will begin to save (whatever funds that they may still have) as stocks start to fall in value along with the average investors retirement accounts. The present day spending behavior will come to a grinding halt in due time!

Before “The Great Credit Crisis of 2007 -2008”, the ‘smart money’ exited the equity markets in November of 2006. And it appears that the NDX-100 and the Russel 2000 are leading the ‘charge’ downward once again for the pending market correction.

We are, once again, repeating this same technical pattern, now!
Concluding Thoughts:
In short, the first chart I showed in this article paints a very clear picture of where stock prices are headed – Lower.

Large cap stocks over the past year have been making lower lows and lower highs. The most novice of traders knows what that means… It means, we are in a down trend.

There are many ways to take advantage of what is about to unfold next and subscribes and I are already in position for the first big and quick trade, but there are many more just around the corner!