Stocks To Watch: EYES, ANDY, OC, BBRY, AAPL

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Second Sight Medical Products Inc (NASDAQ:EYES) finally broke the upper line of this falling wedge displayed on the daily technical chart and started the new uptrend which should take it to $15 in the short-term. On the technical side, MACD and ADX all point to upward trend while RSI is also rising.

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Andersons Inc (NASDAQ:ANDE) price has had a hard time with this key resistance line (EMA100) but may be ready to move higher. According to Reuters, Richardson International is believed to be interested in Andersons. Check this out : Canada grain handler Richardson targets U.S. acquisitions. Keep it on your screen on Friday.

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Owens Corning (NYSE:OC) displayed some relative strength today. It may be ready to break out of this small flag consolidation. Trajectories of momentum indicators are turning up again.

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BlackBerry Ltd (NASDAQ:BBRY) is building a nice optimistic formation under resistance at $10.50. Watch for a break through that price level on volume to indicate that another push higher will occur.

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Apple Inc. (NASDAQ:AAPL) is quietly gaining momentum. Thursday's action suggested that there is more room for the uptrend to grow on stock. A sustained break of $130 should bring the stock price to a test of the recent highs in the $134 area.

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Under Armour (NYSE: UA) Chart Says Sell

Under Armour (NYSE: UA), a maker and marketer of performance apparel and accessories. It looks exceptionally weak on the charts following last month's downside break of both its short-term trendline and 50-day moving average.



On April 20, the day before the company's Q1 earnings announcement, the stock jumped over 3% in anticipation of the report. But then weak results sent shares tumbling 4.8% on exceptionally heavy volume after the news was released.

UA already sported waning momentum in the daily time frame, but with the new high pre-earnings and ensuing sell-off, it also formed a weekly reversal bar.

Cumulative volume continues to fall, and the path of least resistance is now down. For trend followers, that means an opportunity to ride the stock lower, perhaps to the 200-day moving average and intermediate-term trendline near $71, roughly 9% below the current price. However, there is no solid support for several points below that, so UA could fall even further.

Recommended Trade Setup:

-- Sell UA short at the market price
-- Set stop-loss at $81
-- Set initial price target at $71 for a potential 9% gain in four weeks
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American Airlines Group Inc (NASDAQ: AAL)

American Airlines Group Inc., through its subsidiaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, as well as 566 regional aircrafts through regional airline subsidiaries and third-party regional carriers. It serves 339 destinations in 54 countries. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1934 and is headquartered in Fort Worth, Texas.
Take a look at the 1-year chart of American (NASDAQ: AAL) with the added notations:

AAL shot higher off of its October low. Once the stock peaked, the last 4 or 5 months found AAL hitting support at $46 (green). Now that the stock looks like it may be falling down to that support level again, traders should be able to expect some sort of bounce. However, if the $46 support were to break, lower prices should follow.

The Tale of the Tape: AAL has a key level of support at $46. A trader could enter a long position at $46 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Stock Alert QKL Stores (NASDAQ: QKLS)‏

We have a small cap earnings alert for (NASDAQ: QKLS) Friday. We have been watching this one for a few months. QKLS has revenue in excess of $180.00/share.

QKL Stores Inc. (NASDAQ: QKLS)
Last close $3.10/share
Full report as promised in our mid-day watch today

Highlights 

• Annual revenue $274M
• Revenue per share $180.00
• Shares outstanding 1.52M
• Float 577K
• Held by insiders 52.3%
• Held by institutions 13.1%
• Cash on hand $13.89M
• Total cash per share $9.12
• Book value per share $18.02

Earnings to be announced first quarter 2015, Friday May 15th, 2015

Total of 27% of the float is held by institutions and mutual funds. http://finance.yahoo.com/q/mh?s=QKLS+Major+Holders

OKLS EPS growth of 125% for the trailing 12 months

52 week high of $4.19 could easily be broken Friday.Please share this article

Marsh & McLennan Companies, Inc. (NYSE: MMC)

Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, risk control, and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling services, and related advisory services. The Consulting segment offers health, retirement, talent, and investments consulting services and products; and specialized management, and economic and brand consulting services. This segment assists public and private sector employers in the design, management, and administration of employee health care programs; provides a range of strategic and compliance-related retirement services and solutions to corporate, governmental, and institutional clients; advises organizations on the engagement, management, and rewarding of employees; and offers investment consulting and other services to the sponsors of pension funds, foundations, endowments, other investors, and wealth management companies.
Take a look at the 1-year chart of Marsh (NYSE: MMC) below with added notations:

Overall, MMC has been trading sideways since its December peak. Twice over that period of time the stock has hit that same resistance at $58 (red), and pulled back down both times. Yesterday the stock tried again to break out, but failed once more. A close above the $58 should lead to another leg higher for MMC.

The Tale of the Tape: MMC has a 52-week resistance at $58. The possible long position on the stock would be on a breakout above that level with a stop placed under it.
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Sprott Silver ETF Signals XAU Upturn

The gold "PermaBulls" have cost their followers a lot of money over the past 15 years. We all know who they are. Gold is supposed to go up every single day or it's "proof" of a conspiracy of the evil bullion banks that manipulate gold at every turn. Silver is supposed to go to $500 an ounce in a vacuum while everything else stays the same because it's so rare that the world ran out in December of 2001 while no one noticed or cared.

Gold, silver and resource stocks are markets like all others. I like gold as money a lot more than I like the word of Obama, the wisdom of Yellen or the value of paper money. Right now at 73 ounces of silver to an ounce of gold, silver is pretty cheap. But they are still markets to be traded. If you will buy cheap and sell dear, you will make money. If you don't, you won't. (more)

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The Euro FX Price Targets

It is typical how much of the European press is saying the Euro decline is over and a Greece default will not harm Europe. This seems to be the standard propaganda from government that comes out with every serious change in trend be it Japan in 1990 to the US 1929 Bubble where it was also immediately pronounced the fundamentals were all sound.

We warned that the first area of resistance was at the 115 level on the weekly models and that we did not expect a break of the 80 cent level just yet – that was more after 2015.75 than before. Yet we need a daily closing above 11360 to stabilize the Euro. A daily closing back BELOW the 11120 level will warn that a retest of the lows will follow.

The decline is still in motion. This is a reaction rally and the very best we can hope for is a retest of the 120 level. However, we must break through the top of the channel on this chart to make that happen. Otherwise, the 115 level may be the maximum on the upside. That channel stands at the 11427 level at this time and the 109 level under the market. Break the channel on the downside on a closing basis and the lows will be retested. The main support still lies at the 103 zone.

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