Friday, February 5, 2016

NRG: NRG Energy, Getting Ready to Break Out to Higher Prices?


TCK: Teck Resources Breaks Out, Are Higher Prices Ahead?


CORN: Teucrium Corn Fund, WEAT: Teucrium Wheat Fund , Stocks to Watch

The bull market in stocks is over.
 
But a new bull market might be getting started in another sector.
 
Let me explain...
 
Agricultural commodities – or "ags," as traders like to call them – have been beaten up over the past four years. The price of wheat, for example, is down 50% since it peaked in 2012. Corn is down 60%.
 
But the recent action in these ags has been positive. And the charts are setting up for a new rally phase.
 
Take a look at this chart of the Teucrium Corn Fund (CORN), an exchange-traded fund ("ETF") designed to track the price of corn...(more)

NetEase Inc (NASDAQ: NTES)

NetEase, Inc., through its subsidiaries, operates an interactive online community in the People’s Republic of China. The company operates in three segments: Online Game Services; Advertising Services; and E-mail, E-commerce and Others. It offers massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers across China, as well as through wholesalers, Internet caf├ęs, software stores, supermarkets, bookstores, newspaper stands, and convenience stores primarily in Guangzhou Province, Shanghai, and Beijing.
Take a look at the 1-year chart of NetEase (NASDAQ: NTES) with the added notations:
1-year chart of NetEase (NASDAQ: NTES)
After repeatedly struggling to break the $150 level (red) back during the summer of 2015, NTES finally broke through that level this past November. The stock peaked around $185 and has since pulled back to the old $150 breakout point. NTES has found support at $150 a couple of times over the past couple of weeks, but yesterday the stock closed just below that mark.

The Tale of the Tape: NTES failed to hold its $150 support yesterday. A trader could enter a short position near $150 with a stop placed above the level. If the stock were to break back above the $150 level, a long position might be entered instead.