Are the Marijuana Stocks About to Get High? : GWPH, MWIP, RTXBQ

Some estimates call for total cannabis sales (medical and recreational combined) in the U.S. market to eventually reach as much as $120 billion annually, perhaps rivaling alcohol and tobacco, which had combined sales of $263 billion in 2008.
With increased acceptance and legalization of marijuana for both recreational and medical purposes, this is one resource whose production and use are sure to grow exponentially, perhaps for decades.
Which, of course, has left no shortage of penny stocks jumping into the fray...
The Marijuana Index was set up to track 36 cannabis-related companies listed on the various U.S. exchanges. To say the index has been volatile would be the understatement of the year.  (more)

Please share this article

CME Group (NASDAQ: CME) Breakdown Points to a Fast Sell-off in This Exchange Operator

Over the past two weeks, the heated debate surrounding high-frequency trading (HFT) has once again made front-page news. Renowned author Michael Lewis came out with a new book called "Flash Boys: A Wall Street Revolt," in which he is decidedly critical of HFT. The book, along with the FBI disclosing a year-long investigation into HFT practices, resulted in dozens of fiery articles and television interviews.
High-frequency trading was first brought to the attention of the masses by the 2010 "flash crash," when the Dow Jones Industrial Average dropped more than 1,000 points, or about 9%, in five minutes, only to recover a few minutes later.  (more)

Please share this article

Sohu.com Inc (NASDAQ: SOHU)

Sohu.com Inc. provides online media, search, gaming, community, and mobile services in the People’s Republic of China. The company’s brand advertising business offers advertisements on its Websites to companies to enhance brand awareness; and search and others business provides customers pay-for-click and online marketing services. Its online game business develops, operates, and licenses online games and Web games; mobile business offers short messaging services, mobile games and, ring back tones, and interactive voice response to mobile phone users; and others business offers Internet value-added services and licensed video content.
Please take a look at the 1-year chart of SOHU (Sohu.com, Inc.) below with my added notations:

SOHU has fallen pretty hard over the last month, almost in a “straight line”. However, the stock had held an important level of support at $60 (blue) for the last several months and one might have expected a bounce off of that level. Nope. SOHU has broken that support and should be moving lower from there.

The Tale of the Tape: SOHU had a key level of support at $60. Now that the stock has broken support, a trader might want to enter a short trade at or near the $60 level with a stop placed above that level. A break back above $60 could negate the forecast for a move lower.
Please share this article

Massive Volume Just Slammed Stocks To The Downside As Biotechs Hit Bear Market

zerohedge.com / By Tyler Durden / 04/10/2014 15:10 -0400

Someone was in a hurry – paging Waddell & Reed? The volume surge occurred right as VIX broke above 16 and the Biotech Index (-6.25% today) has hit bear market territory. The Nasdaq is getting slayed- down over 3% and all but Trannies are red YTD.

READ MORE

Please share this article

Chart of the Day - Autoliv (ALV)

The Chart of the Day is Auotliv (ALV).  I found the stock by sorting today's All Time High list for the best technical indicators then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/6 the stock gained 10.41%.

ALV is a leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are its customers.

Please share this article

Warning: Do You Own These 'Dot-Bombs'?

When shares of Big Data firm Splunk (Nasdaq: SPLK) crossed the $100 mark at the end of February, the company had just delivered its first $100 million quarter. That was more than 50% higher than a year earlier, helping to seemingly justify the company's market value, which had just exceeded $10 billion.
Analysts at FBN Securities noted that such a lofty valuation "shows that the stock is not for the faint of heart," but they saw another 15% upside to their $115 price target. As it turns out, most have investors have lost heart. This stock has plunged 40% to around $60 over the past five weeks. What was once seen as an "own at any price" stock has quite suddenly become a "too hot to touch" stock.(more)
Please share this article

Gold Is About To Rally 200 Points

The bottoming process in Gold continues to progress nicely. We came into the year with little or no Gold bulls on The Street. I seem to recall blog post after blog post detailing the losses that gold investors have had to endure over the past few years. In addition, the media was constantly questioning the long-time Gold bulls and calling them out because gold hadn’t gone up every year as it did for a decade. Rather than focusing on a potential bottom, it was all about the lower prices.
Well, that sort of pessimism is exactly how bottoms are born. So far this is playing out nicely. Today we’re looking at two charts of Gold, one is a daily and the other is a longer-term weekly to help put things in perspective.
Here is a daily bar chart of Gold prices. It’s easy to see the double bottom that got going right around New Year’s after Gold successfully retested last summer’s lows. Momentum was also putting in a much higher low, barely hitting oversold conditions on the second bottom:

There are two more things I’d like to point out here. After a 200 point rally in Gold to start the year, prices have pulled back in a healthy way down to those converging moving averages. The red line represents the 200 day simple moving average and the blue line represents the 50 day. Also notice that on this pull back, momentum failed to reach any oversold conditions. This is generally a bullish characteristic.  (more)

Please share this article