Would A Greek Default Drag Down The Stock Market?

The world’s stock markets ended jittery last week, amid fears of a Greek bailout default, and the FTSE 100 is down to 6,730 as I write — 393 points short of the 7,123 it touched in April.
And now the latest round of talks between Greece and its EU taskmasters has failed.
Although progress was made over the weekend, there are apparently still “significant gaps” between the two sides’ positions. While the Greek government is prepared to make more cuts at the behest of EU lenders, the main stumbling block appears to be pensions — the EU and IMF want them cut, but the Greeks are having none of it. (more)

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Is the Chinese Stock Market A Bubble That's Ready To Pop?

When it comes to stock markets, China's sure marches to the beat of its own drum.
The Shanghai Composite gained 145% in the past year, compared to about 7% for the S&P 500. Now, though, things may be unraveling in China -- and given what happened there just a few years ago, it is not likely to be pretty.
In the chart above, we can see the recent nearly vertical rise in the Chinese market after a slow, multiyear drift lower. (more)

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Oil Bucket List Winners and Underperformers: FPM,SOU, PANR, RKH, HUR, CAZA, GENL, IAE, PMG

Featuring Faroe Petroleum (FPM.L), Sound Oil (SOU.L), Pantheon Resources (PANR.L), Rockhopper Exploration (RKH.L), Hurricane Energy (HUR.L), Caza Oil and Gas (CAZA.L), Genel Energy (GENL.L), Ithace Energy (IAE.L) and finally Parkmead Group (PMG.L)

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iDreamSky Technology Ltd (NASDAQ: DSKY)

iDreamSky Technology Limited, through its subsidiaries, licenses and operates single player mobile games and mobile online games in the People’s Republic of China. The company operates casual games, such as Temple Run and Subway Surfers endless running games; Three Kingdoms of Fruits, a role-playing game; and Fruit Ninja, a reflex game, as well as racing, shooting, puzzle, and other genres of the game. It also licenses and operates mid- and hardcore mobile games, including Fire over Sky and Three Swordsmen role-playing games; and Story of Beauty, a card game, as well as action role-playing games, strategy games, and action fighting games. The company distributes games through in-game cross promotions, self-operated iDreamSky Game Center, and uu.cc Website, as well as through its proprietary distribution channels and third-party channels, such as app stores and device pre-installations.
Take a look at the 1-year chart of iDreamSky (NASDAQ: DSKY) below with the added notations:

After DSKY broke its $15 support (red) in January the stock fell all the way down to $7. From there DSKY has rallied over 100 percent, while also forming a key level at $12 (green). With the stock sandwiched in between those levels DSKY should provide a solid trading opportunity one way or another.

The Tale of the Tape: DSKY has a key levels at $12 and $15. A trader could enter a long position on either a pullback to $12, or a break above $15, with a stop placed under the level of entry. However, if the stock were to break back below $12, a short trade could be made instead.
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COMING FINANCIAL COLLAPSE October Surprise Could Start Stock Market Crash Martin Armstrong

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Stocks to Watch: EYES, WIFI, VLTC

The daily technical chart of Second Sight Medical Products Inc (NASDAQ:EYES) suggests that the stock could be on the verge of breaking out from a three-month Cup with Handle formation. This is a bullish pattern and once price breaks out of the neckline, it would give a target of around $20. Technically speaking, the stock is showing some strength along with the momentum. Adding to my conviction is that the stock continues to trade above all the exp moving averages and specially the ever critical 200-EMA which is now located at 12.92. Long setup on watch.

Boingo Wireless Inc (NASDAQ:WIFI) had a nice surge a few weeks ago and has been in the process of consolidating. Breakout over $9.20 for a daytrade.

Voltari Corp (NASDAQ:VLTC) Ready for a big move. MACD indicator began showing signs of reversal, and a break above resistance at 7.50 would open the door for a rally to test the recent highs.

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Merrimack Pharmaceuticals Inc (NASDAQ: MACK)

Merrimack Pharmaceuticals, Inc., a biopharmaceutical company, engages in discovering, developing, and preparing to commercialize medicines paired with companion diagnostics for the treatment of cancer primarily in the United States. Its therapeutic oncology candidates in clinical development include MM-398, a nanotherapeutic encapsulation of the chemotherapy drug irinotecan, which is has completed Phase III clinical trials for the treatment of patients with metastatic pancreatic cancer whose cancer had progressed on treatment with the chemotherapy drug gemcitabine; in a Phase I clinical trial as a monotherapy in patients with glioma and in combination with cyclophosphamide in patients with pediatric solid tumors; and in a Phase 1 translational clinical trial designed to identify predictive biomarkers associated with MM-398.
Take a look at the 1-year chart of Merrimack (Nasdaq: MACK) below with my added notations:

Over the last 4 months MACK had created a key trendline of support (green), which was also a prior resistance, and that level was also the “neckline” support for the stock’s head and shoulders (H&S) reversal pattern. Above the neckline you will notice the H&S pattern itself (red).
Remember, patterns such as an H&S need to confirm to have the meaning that they imply. Confirmation of the H&S occurred when MACK broke below its trendline support.

The Tale of the Tape: MACK has confirmed a head & shoulders pattern. A short trade could be entered anywhere near the prior trendline with a stop placed above that level. A break back above that trendline could negate the forecast for a move lower, thus a long position could be considered instead.
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