Applied Micro Circuits Corporation (NASDAQ: AMCC)

Applied Micro Circuits Corporation provides computing and connectivity solutions for next-generation data centers and service providers. The company’s products include the X-Gene ARM 64 bit Server on a Chip solution, along with the X-Weave family of connectivity products, for cloud/hyperscale data center and enterprise applications. Its X-Weave products address various segments, including 10, 40, and 100 Gbps solutions serving data center and service provider market opportunities. These connectivity products include devices for optical transport network equipment and physical layer devices that transmit and receive signals in a high speed serial format. Applied Micro Circuits Corporation was founded in 1979 and is headquartered in Sunnyvale, California with sales and engineering offices located throughout the world.
To review a current H&S pattern on Applied’s stock, please take a look at the 1-year chart of AMCC (Applied Micro Cirsuits Corporation) below with my added notations:

AMCC had rallied from a low of $6.50 last April to a peak of $15 back in October. Over the last 7 months the stock had created a very important “neckline” of support at $10.50 (blue). Above the neckline you will notice the H&S pattern itself (green). Confirmation of the H&S occurred towards the end of January when AMCC broke its $10.50 “neckline”. So, the stock should be moving lower overall from here.

The Tale of the Tape: AMCC confirmed a head & shoulders pattern. A short trade could be entered on any rallies up to or near the $10.50 area. A significant break back above $10.50 could negate the forecast for a move lower.
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The American Way of Life Will Be Destroyed — Inflation to Exceed 100%…Marin Katusa Interview

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Gold And Silver Surge & A Frightening Look Into Our Future

kingworldnews.com / February 16, 2014
Today a man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, spoke with KWN about the gold and silver surge, and also gave us a frightening look into our future.  Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also shared fascinating firsthand experience in Argentina.
Barron:  “We have had gold and silver on a tear lately.  This is a move we have been waiting for as gold has been building a base for quite some time now.  Gold has now broken through some very key resistance levels….
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This Week in Money – David Skarica, Keith Schaefer

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3D Systems (NYSE: DDD): Should You Buy This 3-D Printing Stock?

There are often two phases in the trajectory of a hot stock. The first phase is when growth prospects are pushing shares higher.

The second phase comes when momentum investors take over and keep pushing shares higher still, even if the financial statements are flashing warning signs. That second phase can end quite badly when momentum investors head for the exits.

That encapsulates the rapid rise and sudden plunge for 3D Systems (NYSE: DDD), which after a meteoric rise in recent years, has stumbled badly in 2014 and is now below its 100-day moving average.

​After nearly reaching the $100 mark in early January, shares began to lose altitude in ensuing weeks and plunged sharply last week after the company reported disappointing fourth-quarter results.  (more)

This Quiet Bull Market Is About to Break Out

Commodity bulls are going to make a lot of money this year.

 

Agricultural commodity prices have fallen hard over the past three years. Some of them are down as much as 70% from their 2011 highs.

 

But that trend is reversing in 2014. Prices have bounced off the bottom... And many commodities are on the verge of breaking out into new uptrends.

 

It started last month with coffee...

 

 

The price of coffee bottomed at $1.00 last November. It hit $1.45 last week. That's the first target price we pointed out when coffee broke out in January. And it's a 45% increase in just three months.

 

Other commodities are starting to show the same sort of potential. Look at this chart of the PowerShares Agricultural Commodity Fund (DBA) – an exchange-traded fund made up of 17 different agricultural commodities...

 

 

DBA has broken out to the upside of a long-term falling-wedge pattern (the blue lines). It's approaching its first resistance level at about $25.70. That's a logical place for the price to pull back a bit after such an extended move higher.

 

Traders should use any decline back down toward the breakout point of the wedge at $24.50 as a chance to buy. A breakout move from this sort of long-term wedge pattern often signals the reversal of a bearish trend into a bullish trend. And it usually leads to much higher prices.

 

Over time, DBA should approach its 2013 high near $28 per share. It may even challenge its 2012 high at the top of the chart, just above $30.50 per share.

 

Agricultural commodities have quietly kicked off a bull market this year. Traders should be looking to buy on any pullbacks.

 

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US Weekly Economic Calendar

time (et)	report	period	Actual	CONSENSUS forecast	previous
MONDAY, FEB. 17
	Presidents Day None scheduled
TUESDAY, FEB. 18
8:30 am	Empire state index	Feb.		9.0	12.5
10 am	Home builders' index	Feb.		56	56
WEDNESDAY, FEB. 19
8;30 am	Producer price index	Jan.		0.1%	0.4%
8:30 am	Core PPI	Jan.		0.2%	0.3%
8:30 am	Housing starts	Jan.		950,000	999,000
2 pm	FOMC minutes
THURSDAY, FEB. 20
8:30 am	Weekly jobless claims	2/15		325,000	339,000
8:30 am	Consumer price index	Jan.		0.1%	0.3%
8:30 am	Core CPI	Jan.		0.2%	0.1%
9 am	Markit flash PMI	Feb.		--	53.7
10 am	Philly Fed	Feb.		6.5	9.4
10 am	Leading indicators	Jan.		--	0.1%
FRIDAY, FEB. 21
10 am	Existing home sales	Jan.		4.70 mln	4.87 mln

 
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