JC Penney $JCP, Amkor Technolog $AMKR

J C Penney Company Inc (NYSE:JCP) looks to have consolidated and may be getting ready for another leg higher. The stock needs to break out above $10.09 to go higher.

Amkor Technology, Inc.(NASDAQ:AMKR) looks ready to break a recent high of $5.62. Technical indicators are looking positive with the RSI and MACD rising. Keep it on your watch list going forward.

Nordic American Tanker Ltd (NYSE: NAT)

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, including two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
Take a look at the 1-year chart of Nordic (NYSE: NAT) below with added notations:

Overall, NAT has been trending higher throughout most of 2015. Twice over the past 3 months the stock has hit the same resistance at $17 (red). Last week the stock tried again to break above that mark, but failed once more. A close above the $17 should lead to a significant leg higher for NAT.

The Tale of the Tape: NAT has a 52-week resistance at $17. The possible long position on the stock would be on a breakout above that level with a stop placed under it.

US Dollar Decline Cycle

The US Dollar Index hit a low in 1995, a high in 2002, a low in 2008, and a recent high in 2015.  Examine the following 20 year chart of the dollar.

Note that the vertical blue lines are 79 months apart and show approximate low, high, low, and high cycle extremes.  I have noted the dates for the weekly low and high closes near the green and red circles.  (more)

Chart of the Day Hawaiian Holdings (HA)

Since the Trend Spotter signaled a buy on 9/11 the stock gained 28.88%.

Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.
Barchart technical indicators:

• 100% Barchart technical buy signals
• 119.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 27.68% in the last month
• Relative Strength Index 78.39%
• Barchart computes a technical support level at 27.96
• Recently traded at 32.08 with a 50 day moving average of 25.24

Fundamental factors:

• Market Cap $1.76 billion
• P/E 11.57
• Revenue expected to decline .20% this year but increase again by 4.10% next year
• Earnings estimated to increase 91.00% this year, an additional 6.80% next year and continue to compound at an annual rate of 29.30% for the next 5 years
• Wall Street analysts issued 2 strong buy, 2 buy, 3 hold and 2 under perform recommendations on the stock

Will These Stocks Plunge Next? : $VRX, $APD, $MDLZ, $PAH, $ZTS, $QSR, $VRX

With Valeant having collapsed over 30% today alone, now under $100 for the first time in a year (from highs over $260 in August 2015):


Someone just dumped a bucketload of VRX...(more)

The Key SP500 Price Pivot Planning Level to Trade

What’s the current major “Bull/Bear” Pivot Price for the S&P 500? On what level should we be focusing?
Let’s take a laser-like focus on this price level and plan our strategy for the rest of the week.
Here’s the simple pivot in the S&P 500:

Our key focal point is 2,033 (technically 2,030 to 2,040) for this week’s bull/bear pivot planning.
This level reflects the 61.8% “last line in the sand” Fibonacci Retracement of the August collapse and recovery.
Ultimately, what happens here determines whether we are “ignore it all” buyers (bulls) above 2,040 or cautiously bearish, anticipating another pullback from resistance.  (more)

Stocks to Watch: $CAM, $AAPL

Cameron International Corporation (NYSE:CAM) is setting up for another run. Lets see if it breaks over $67.61. Long set-up on watch.

Apple Inc. (NASDAQ:AAPL) could breakout at any moment IMO Next buy point when clears 117 on heavy volume. The MACD momentum is rising and RSI is on a decent uptrend, which when combined with the strengthening MACD could spell a nice move for the stock.