Wednesday, June 29, 2016

DISH DISH Network, Oversold, Put on Watch List

YRCW YRC Worldwide, On Strong Support

David Gurwitz of Nenner Research Brexit and the Long Way Down for Markets

from Cycle Economist
From The Desk of David Gurwitz: For new clients, we mentioned on CNBC in late 2014 that we would not see more than 5% upside in Equities until the big crash starting in 2017 At the time, the S&P Futures was trading around 2120 Although it reached that level a few times afterwards, we felt being long stocks was risky, and many stocks lost a big portion of their market capitalization We sent the study below as #2016 – 013 Charles Nenner Research Center – Summary of 5 Economic Indicator Forecasts and Some Thoughts on “Fundamentals” – Jan 24, 2016 Sunday It explains how cycles work We quote in part from that study: Late in 2014, based on our cycle work, we noticed instability in the markets For our new subscribers, we review our philosophy: Cycles predict the ways investors will react to the news and events – based on rigorous analysis and calculations of past patterns. We do not know these events, but they do not have to happen for the effect to occur – at cycle tops or bottoms For example, if the Fed only thinks about raising rates, it already has an effect At cycle tops, the media will bring up every negative detail they can come up with. At cycle bottoms, the opposite is true – the media will bring up every positive detail they can come up with. When President Reagan began serving in 1981, it seemed that he could do no wrong – and longer term equity market cycles were up from that point,. Therefore, we consider these cyclical and target patterns to be more fundamental than so-called “fundamentals”., The problem arises when long term investors decide – based on cycles – to leave the markets and short term investors take over.
Click Here to Listen to the Audio

NK NantKwest, Possible Double Bottom

Monday, June 27, 2016

BVN Compania de Minas Buenaventura SA, Still Bullish

NLY Annaly Capital Management, Breakout, Up We Go

PLG Platinum Group Metals, Getting Ready to Breakout?

NGD New Gold, Above Trendline and Moving Average, Still Bullish

FF First Mining Finance, Bounced Off Support on Heavy Volume, Oversold

BREXIT is Just the Beginning! Marin Katusa Interview

US Weekly Economic Calendar

time (et)

report period ACTUAL forecast previous
8:30 am Advance trade in goods May   -$59.7 bln -$57.5 bln
9;45 am Markit PMI services, flash June   -- 51.3
8:30 am Gross domestic product 1Q   1.1% 0.8% (1Q)
9 am Case-Shiller home price index April      
10 am Consumer confidence index June   93.0 92.6
8:30 am Personal income May   0.3% 0.4%
8:30 am Consumer spending May   0.4% 1.0%
8:30 am Core inflation May   0.2% 0.2%
10 am Pending home sales May   -- 5.1%
8:30 am Weekly jobless claims 6/25
265,000 259,000
9:45 am Markit PMI June   -- 51.4 (May)
10 am ISM manufacturing June   51.5% 51.3%
10 am Construction spending May   0.6% -1.8%
Varies Motor vehicle sales June   17.3 mln 17.4 mln

Friday, June 24, 2016

GLOG GasLog Bullish and Oversold, Indicators Turning Back Up

BCOR Blucora, Breakout With Indicators Confirming

INST Instructure, Looking Bullish But Volume Still Low

MU Micron Technology, Nice Breakout, Looks Good Long Term

Shocking Interview from a Legend on Brexit and the Global Chaos That is Coming

from King World News
Today a legendary trader and investor gave King World News an interview that was quite shocking about what surprise action to expect in gold and global stock markets the aftermath of the Brexit vote. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Below are the warnings and predictions issued by Sperandeo.
Victor Sperandeo: “The key is that Breixt isn’t really a legal vote, it’s an advisory vote. If “leave” wins by a small margin and there is a stock market crash, there is a printing press to buy that crash and global stock markets will come right back. The reason for that is because the vote to leave is more advisory. This is what people don’t understand. Meaning, it’s just an advisory vote to leave but it’s not mandatory for Great Britain to leave the EU.
Continue Reading at…

Wednesday, June 22, 2016

S Sprint, Still Bullish For Now, Needs to Close Above $4.20 on Heavy Volume

MSFT Microsoft, Wait For the Breakout With Indicator Confirmation

WHR Whirlpool, Wait For the Breakout and Indicator Confirmation

GOOGL Alphabet, On Strong Support Now Indicators Need To Turn Up

Too Late for Government Regs to Cool Real Estate Market. Ross Kay June 20, 2016

SentimenTrader Issues Extremely Important Update on the Gold Market

from King World News
With continued consolidation in the gold and silver markets, below is an extremely important update on the gold market that was just issued by SentimenTrader.
From Jason Goepfert at SentimenTrader: “The Optimism Index on gold has moved above 75 for the first time since 2011, a troubling level. That’s especially true since “smart money” commercial hedgers have moved to a near-record net short position against the metal. It suffered a key reversal day as sellers rejected a new 52-week high on June 16, but those one-day patterns have been inconsistent predictors of further weakness. Even so, we consider the market to be high-risk.
Continue Reading at…

Monday, June 20, 2016

RCL Royal Caribbean Cruises, Bounce Off Fibonacci Retracement, Indicators Turning Up

DLPH Delphi Automotive, Bounce Off Fibonacci Retracement, Indicators Turning Up

CBB Cincinnati Bell, Barrons Rated It a BUY, Breakout of Long Term Resistance, Very Bullish

XLU Utilities Sector Fund, Breakout, 52 Week Highs, Strongest Sector

XLF Financial Sector Fund, Broke Support and Bearish Indicators

US Weekly Economic Calendar

time (et)

report period ACTUAL forecast previous
  None scheduled    
10 am Janet Yellen testimony        
10 am Existing home sales May   5.60 mln 5.45 mln
8:30 am Weekly jobless claims 6/18
270,000 277,000
8:30 am Chicago Fed national index May   -- 0.10
9:45 pm Markit PMI flash June   -- 50.7
10 am New home sales May   560,000 619,000
10 am Leading indicators May   -- 0.6%
8:30 am Durable goods orders May   -0.7% 3.4%
8:30 am Core capital goods orders May   -- -0.6%
10 am Consumer sentiment June   94.3 94.3