BlackRock, Inc. (NYSE: BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. It also manages accounts for corporate, public, union and industry pension plans, insurance companies, third-party mutual funds, endowments, foundations, charities, corporations, official institutions, and banks. The firm also provides offers global risk management and advisory services. It manages separate client-focused equity, fixed income, and balanced portfolios. It invests in the public equity, fixed income, real estate, and alternative markets across the globe. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, the firm seeks to invest in Poland and Germany.
To review BlackRock’s stock, please take a look at the 1-year chart of BLK (BlackRock, Inc.) below with my added notations:

Like most stocks, BLK rallied into January of this year and has since struggled to move higher. Over the last 6 months, the stock had formed a key level of resistance at $320 (blue). That resistance was also a 52-week high resistance. Well, thanks to a nice market rally yesterday, BLK finally broke through to a new high.

The Tale of the Tape: BLK broke through its 52-week high resistance level. A long trade could be made on a pullback down to that prior $320 level with a stop placed below it.
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BIS ISSUES STRONG WARNING ON “ASSET BUBBLES”

silverdoctors.com / BY LARRY WHITE / JULY 7, 2014
IN ITS JUST RELEASED ANNUAL REPORT, THE BANK FOR INTERNATIONAL SETTLEMENTS HAS ISSUED A STRONG WARNING THAT  ”DANGEROUS NEW ASSET BUBBLES ARE FORMING“,  & WARNED THAT:  ”THE WORLD COULD BE HURTLING TOWARD A NEW CRISIS.”

Just when things seem relatively calm, the Bank for International Settlements releases its annual report that issues a strong warning that significant problems are still out there in the world. Who is the Bank for International Settlements (BIS)? What did they say in this report that matters to us? Let’s take a look.

The BIS is sometimes called the “bank for Central Banks”. Here is a link to the “about us” page on their web site. It lists these bullet points as its broad mission:

• promoting discussion and facilitating collaboration among central banks;
• supporting dialogue with other authorities that are responsible for promoting financial stability;
• conducting research on policy issues confronting central banks and financial supervisory authorities;
• acting as a prime counterparty for central banks in their financial transactions; and
• serving as an agent or trustee in connection with international financial operations.

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GlobalStar (GSAT)

The Chart of the Day belongs to GlobalStar (GSAT).  I fond the stock by sorting the New High list for new high frequency in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled another buy on 4/22 the stock has gained 59.27%.

GSAT offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. GSAT's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from GSAT with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. GSAT's data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.

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5 Stocks Headed to Penny Stock Prices: JCP, BBRY, BKS, BBY, WTW

In December of 1999, RadioShack Corp. (NYSE: RSH) stock was worth more than $76 per share. Today, RSH is worth less than $1.
It has joined a group of once-profitable industry leaders that can now be classified as penny stocks.
Some companies, like General Motors Co. (NYSE: GM), are able to rebound from penny stock levels.  (more)

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This Is Why You Are A Terrible Investor

Over the past 20 years, the S&P 500 has produced a 9.2% annualized total return.
Over the same period, gold has returned an annualized 6.6%.
And bonds? The Barclays U.S. Aggregate Bond Index has returned 5.7%.
Based on these figures, what type of return do you think the average investor has achieved over this time period?
The answer will shock you…
Quantitative analysis from DALBAR, a financial market research firm, shows that the average investor has realized a measly 2.5% return over the past 20 years.  (more)

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Chart of the Day - Ellie Mae (ELLI)

The Chart of the Day belongs to Ellie Mae (ELLI). I found the stock by sorting the New High List for new high frequency in the last month then used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 5/12 the stock gained 21.79%.

ELLI operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.

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Penn Virginia Corporation (NYSE: PVA)

Penn Virginia Corporation, an independent oil and gas company, is engaged in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. Its operations include the drilling of unconventional horizontal development wells in shale formations primarily in the Eagle Ford Shale in South Texas. The company also has operations in the Granite Wash in the Mid-Continent, the Haynesville Shale and Cotton Valley in East Texas, the Selma Chalk in Mississippi, and the Marcellus Shale in Pennsylvania. As of December 31, 2013, it had 1,213 productive wells; owned approximately 280,400 acres of leasehold and royalty interests; and had proved reserves of approximately 136 million barrels of oil equivalent.
To review Penn’s stock, please take a look at the 1-year chart of PVA (Penn Virginia Corporation) below with my added notations:

Since October of last year PVA has worked its way higher. Over the last 3 months though, the stock has formed a key level of resistance at $18 (red). That resistance is also a 52-week high resistance. After a sharp drop back in May, the stock appears to be headed back up towards its $18 resistance.

The Tale of the Tape: PVA has an $18, 52-week high resistance level to watch. A long trade could be made on a break above that $18 with a stop placed below it.
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