Peter Schiff, of Euro Pacific Capital uses illustrations, humor and storytelling to explain economic and monetary concepts in his book, How and Economy Grows and Why it Crashes. The book uses parody and analogy to compare our current global economy with a small island economy based on fishing.
Today’s stock chart scan includes Arena Pharmaceuticals (ARNA) and Radware (RDWR). Arena has been heavily traded up as investors anticipate favorable results for Lorcaserin at an upcoming FDA panel on September 16th, 2010. Information technology service provider Radware has made a huge move over the past year. Watch RDWR as it breaks out of its ascending triangle patter
Today’s chart scan includes two niche sports apparel brands, Under Armour (UA) and Lululemon Athletica (LULU). Each retailer exhibits key channel support trendlines. In the case of LULU, the lower support channel trendline was touched. Watch in coming days as these stocks test their channel support lines amidst weak retail sales.
Today’s chart scan includes Weatherford (WFT) and Crown Castle (CCI). Weatherford has been in along term downtrend, but has insider buys within the last 8-months near current prices. Crown Castle has been holding up well during a tough market and looks poised to breakout. CCI will benefit from communications infrastructure build out.
Today’s stock chart scan highlights Yum Brands (YUM) and Direxion Daily Small Cap Bull 3x (TNA). Yum displays a great chart with a clear neckline. With recent trading activity YUM has held up very well, despite overall market weakness. The Direxion Daily Small Cap Bull 3x (TNA) shows a possible head with double shoulders pattern. Last Friday’s candle (08/20/2010) made a low which touched the neckline of our head and shoulders pattern.
If you believe the United States will be an inflationary environment over the next five years you have to believe in a major bullish move for precious metals like gold and silver. If you go one step further you will realize just how lucrative micro-cap gold and silver miners are. Rising profit margins can propel [...]
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