BlackBerry Ltd (NASDAQ: $BBRY)

BlackBerry Ltd (NASDAQ:BBRY) Closed the week with a BANG and looks like it will continue to run up. After 4 weeks trading in a tigh range, patient investors were rewarded as the price finally broke out of the consolidation period. From a technical standpoint, the daily chart shows that the 200-day EMA stands at 8.33, providing a key dynamic resistance for the upcoming sessions, as an extension beyond this level, should lead to additional gains and a potential big short squeeze. In the same daily technical chart, indicators maintain their bullish tone above their mid-lines, which means that the rally is far from over.

Keurig Green Mountain Inc (NASDAQ: GMCR)

Keurig Green Mountain, Inc. produces and sells specialty coffee, coffee makers, teas, and other beverages in the United States and Canada. It sources, produces, and sells coffee, hot cocoa, teas, and other beverages under various brands in K-Cup, Vue, Rivo, K-Carafe, and Bolt portion packs brands; and coffee in traditional packaging, including bags and fractional packs, as well as offers whole bean and ground coffee in bags, fractional packages, and cans. The company also offers other specialty beverages in portion packs, which include hot apple cider, hot and iced teas, iced coffees, iced fruit brews, hot cocoa, and other beverages for use with its Keurig hot brewing systems, as well as sells coffee-related equipment and accessories, gift assortments and hand-crafted items from coffee-source countries.
Take a look at the 1-year chart of Keurig (NASDAQ: GMCR) with the added notations:

GMCR has been in a solid downtrend for the past year. However, the stock has been trading sideways on top of a $50 support (green) during the most recent two months. Now that the stock appears to be testing that support level again, traders should be able to expect some sort of bounce. However, if the $50 support were to break, lower prices should follow.

The Tale of the Tape: GMCR has a key level of support at $50. A trader could enter a long position at $50 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.

Ralph Acampora: Look for a Market Rally Through Year-End

by James J Puplava CFP
Financial Sense
Jim welcomes back legendary technician Ralph Acampora, Director of Tactical Investments at Altaira Wealth Management. Ralph advises buying the dips, as he sees a nice market run into the end of the year. Ralph notes we got the needed market washout in August and September, and it then turned up impressively in late September in the face of bad news from China. Ralph still believes we are in a secular bull market, with normal corrections and periods of sector rotation. He currently favors the financial sector, and offers some investment ideas within that sector. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Robert Rapier covers the energy space.
Click Here to Listen to the Audio
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US Weekly Economic Calendar

time (et)	report	period	ACTUAL	forecast	previous
MONDAY, NOV. 9
	None scheduled
TUESDAY,  NOV. 10
6 a.m.	NFIB small-business optimism	Oct.		--	96.1
8:30 a.m.	Import prices	Oct.		--	-0.1%
10 a.m.	Wholesale inventories	Sept.		--	0.1%
WEDNESDAY, NOV. 11
	Veterans Day None scheduled
THURSDAY, NOV. 12
8:30 am	Weekly jobless claims	Nov. 7		--	276,000
10 a.m.	Job openings	Sept.		--	5.4 mln
2 p.m.	Treasury budget	Oct.		--	-$121.7 bln
FRIDAY, NOV. 13
8:30 a.m.	Producer prices	Oct.		--	-0.5%
8:30 a.m.	Retail sales	Oct.		--	0.1%
8:30 a.m.	Retail sales ex-autos	Oct.		--	-0.3%
10 a.m.	Business inventories	Sept.		--	0.0%
10 a.m.	UMichigan consumer sentiment	Nov.		--	90.0

Precious Metals Sector Due for Bounce but… $GOLD, $GDX

The precious metals sector has declined sharply in recent weeks with no pause or intermittent breaks in the decline. Including today, Gold is down eight consecutive days and 16 of the past 18 days. The gold miners (GDX) have lost roughly 20% in the past seven days. The sector is extremely oversold in the short term and a reflex rally could begin in the next few days. While Gold and gold bugs should get temporary relief, the larger picture remains quite bearish. 

The daily candle charts of Gold and GDX are included in the image below. (Note that Gold is not updated today). Gold which has traded as low as $1084/oz today, has support in the $1080/oz to $1100/oz zone. Meanwhile, GDX after gapping lower today found support around $13.50. GDX has good support in the $13.00 to $13.50 area. Gold and gold stocks are very oversold and have reached levels at which a bounce could begin.  (more)

Top Picks from Greg Newman: Norbord $NBD, Manulife $MFC, and Hudson’s Bay Co. $HBC

MARKET OUTLOOK:
Markets are only easy when looking backwards and this period is certainly no exception. Most of the “bad parts” of the market - resources and energy - still have not bottomed and most of the “good” parts are getting crowded in my opinion. The U.S. markets have everything going for them (relative to everyone else) except valuation. Europe is less expensive and China is cheaper still. While a December Fed rate hike might be a “live” possibility, in my opinion, falling global bond yields are still the greater concern. I believe a global recession will likely be averted given the policy firepower that China has and their motivation to act. As such I am constructive on stocks as they are still far cheaper than bonds. For Canadian dollar accounts, buy Europe, Global Technology and the U.S. on a currency hedged basis and buy Canadian dividend stocks that have catalysts to go higher. (more)

Timkensteel Corp (NYSE: TMST)

Timken Steel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products. It operates in two segments, Industrial & Mobile, and Energy & Distribution. The company provides air-melted alloy steel bars, seamless tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its products are used in engines, transmission and driveline components, hydraulic system components, military ordnance, mining and construction drilling applications, and other types of equipment, as well as offshore and land-based drilling rig activities.
Take a look at the 1-year chart of Timken (NYSE: TMST) below with added notations:

After declining steadily over the course of the past year, TMST seems to have started to trade in a sideways move. While in this sideways move, the stock formed two important price levels to be aware of. The first level worth noting is the resistance at $15 (red), which was also a prior support. The other level TMST has created would be the $10 support (green).

The Tale of the Tape: TMST is trading between two key price levels. The possible long positions on the stock would be either on a pullback to $10 or on a breakout above $15. The ideal short opportunity would be on a break below $10.