Conflicting Economic Data Keeps Traders Cautious In Final Week of March

allpennystocks Newsletter

You can read the original version online:

http://ymlp237.net/zAeIxT ——————————————————————————– March 30, 2014 Week & Month In Review…

Week In Review For March 24 to March 28, 2014 This week on AllPennyStocks.com:

* Article Published, March 25, 2014: Hybrid Coating Technologies Hoping California Setting Precedent in Changing Regulations on Isocyanates (http://www.allpennystocks.com/aps_us/special-reports/435/Hybrid-Coating-Technologies-Hoping-California-Setting-Precedent-in-Changing-Regulations-on-Isocyanates.htm) (U.S. Company) * Article Published, March 26, 2014: Peak Positioning Shares Surge on Acquisition News (http://www.allpennystocks.com/aps_ca/special-reports/412/Peak-Positioning-Shares-Surge-on-Acquisition-News.htm) (CDN Company) * Article Published, March 28, 2014: Pazoo Diversifies with LOI to Acquire Ownership in Marijuana Testing Laboratory (http://www.allpennystocks.com/aps_us/special-reports/436/Pazoo-Diversifies-with-LOI-to-Acquire-Ownership-in-Marijuana-Testing-Laboratory.htm) (U.S. Company) Video charts for the week:

* March 28th Technical Video Chart For OCLR.The Oclaro chart has formed an upward channel over the past six months. The pps has bounced off the 50 dma on two occasions and has once again dropped to touch it while also sitting on a static support point, putting it on watch for another upward move. view:

( http://www.youtube.com/watchv=KV0Pa_84S2M ) * March 28th Technical Video Chart For SWY:CA.The Stornoway Diamond Corp. chart has formed a cup and handle pattern with resistance at $1.00. The chart tried to breakout on Thursday, but pulled back, keeping it on watch for another run at the resistance.

view: ( http://www.youtube.com/watchv=uW0L1457cvo ) _________________________________________________________________ Featured Link: Try the AllPennyStocks.com Pro newsletter /member area free for 30 days. Members receive exclusive Canadian and U.S. penny stock picks with specific buy / sell calls, special reports on various economic topics, monthly commodity and indices analysis allowing you to be the first to know what direction the markets will be heading.

Other features include unrestricted access to the “Penny Stock of the Day”feature which offers daily trading ideas including detailed trading analysis of each trade idea for technical traders and ad-free viewing of AllPennyStocks.com.

With all these features offered in one place, one can quickly see that AllPennyStocks.com Pro is a must have service for any investor looking to make serious money.

Take advantage of our limited-time pricing, and flexible monthly, six month and one year payment options. We pick the winners, you make the money! Click here: ( http://www.allpennystocks.com/allpennypro/ ) to view a sample stock pick and start your free 30 day trial.

Recent Pro Member Statistics:

* Last penny stock pick was sold on March 13th for a 49.45% gain.

* 9 out of last 10 penny stock picks have been profitable trades, 10 pick average currently at 15.86% gain.

* 6 out of last 7 months have been profitable with the only losing month being down less than 1%.

If your averages have not compared, see for yourself for free what AllPennyStocks.com Pro has been able to achieve for our quickly growing Pro member base. Start Your 30 Day Free Trial Now: Click Here:

( http://www.allpennystocks.com/allpennypro/ ).

_________________________________________________________________ WEEKLY UPDATE – CONFLICTING ECONOMIC DATA KEEPS TRADERS CAUTIOUS IN FINAL FULL WEEK OF MARCH It was a tough start to the week for stocks in North America, with gold pressure weighing on Toronto markets and technology stocks taking a beating in the US. It never got much better for tech plays, leading to the Nasdaq registering its worst weekly loss in 17 months as the biotech sector posted large losses. Drug makers had been red hot, but have lost steam recently as gauged by BIB, the ProShares Ultra Nasdaq ETF, sinking for five straight weeks, including 13.6 percent last week.

There was little US economic data early in the week and the Canadian economic data plate was empty for the week. Further, the situation in Ukraine moved to the back burner, leaving traders to ponder the next move of the Federal Reserve with its stimulus package. In the week prior, Fed Chairwoman Janet Yellen spooked the markets with comments that were perceived to mean that the Fed could pull the plug on low interest rates sooner than expected. With that in mind, the markets moved cautiously, looking to any economic data to again try and measure the impact of inclement weather to start the year and comments from Fed officials scheduled throughout the week.

A jump to six-year highs in consumer confidence on Tuesday helped boost stocks, although flat or worsening readings on the housing market pared optimism. An improvement in the headline figure for durable goods orders initially excited the markets, but a more discerning look at the report was sobering. Conflicting data was really the theme for the week. For example, US GDP was revised upward for the fourth quarter of 2013, but was short of expectations and mainly driven by higher healthcare expenses. First-time filings for jobless benefits slipped to a four-month low, but pending home sales sunk to their lowest level in more than two years. A different reading on consumer sentiment showed the Reuters/University of Michigan index at its lowest level since November. It was a confusing mess on the economic report side to say the least.

The Eastern Europe situation was relatively low key, except for comments from President Barack Obama calling for additional sanctions against Russia for annexing Crimea, which weighed on the markets on Wednesday. The President said that Russia`s energy sector could be a target for sanctions. While this would have an impact on neighboring countries, Obama pledged to support the nations to find energy alternatives.

A litany of comments came throughout the week from Federal Reserve Presidents on the topic of raising interest rates in the future. San Francisco Federal Reserve President John Williams said that he didn`t interpret Yellen`s comments as meaning a rate hike is coming sooner than expected. Philadelphia Fed President Charles Plosser called the market reaction to Yellen`s comments “puzzling,” adding that short-term rates could be at 4% at the end of 2016. Cleveland Fed President Sandra Pianalto reassured the markets that Fed officials are monitoring all kinds of data and that no single metric will determine when rates rise.

Chatter ran afoot about officials in China and the Europe taking a dovish stance on increasing stimulus packages. China`s Premier Li Keqiang said that Beijing was ready to support the world`s second-biggest economy through the strategic roll-out of aid. Some economists believe that flagging growth data will lead to the stimulus including a 50 basis point reduction in the central bank`s reserve requirement ratio, amongst other measures.

The European Central Bank signaled that they still have tools in the chest to combat dangerously low inflation, including negative interest rates and asset purchases. As the US tapers its stimulus amid signs of a strengthening economy, moves by central banks in Europe and China would stimulate the global economy and help curb any widespread threats of deflation.

Overall, the markets simply are starting to look a little exhausted as investors chew on the impact further reductions in economic stimulus from the central bank would mean for the economy. It`s the end of the quarter and portfolio managers are making adjustments to funds, meaning that analysts will be looking to where cash is being allocated. If funds are moved into more defensive sectors, that will speak to overall sentiment about potential market direction going forward. The fate of the markets is kind of hanging on the final trading day tomorrow. The Nasdaq and the TSX-Venture are not going to be able to dig out of their hole, but the blue chip TSX Composite, Dow Jones Industrial Average and S&P 500 are teetering around even and Monday`s movement will be the deciding factor.

The Canadian dollar snapped a three-week losing streak against the US dollar by putting together its best week versus its North American counterpart since last July. There was some conflicting news for the loonie last week with the currency gaining some strength amid speculation that the Chinese government will be adding monetary stimulus to spark its economy, which will fuel demand for raw material and energy and support the Canadian currency. In the other direction, the Bank of Nova Scotia said it sees the CDN holding below the 90 cent mark versus the greenback until the end of 2015 and sinking as low as 86 cents by the end of the second quarter. In the short term, this differs from stats showing that traders cut their net short bets by more than 36,000 positions last week, the largest reduction on record.

The upward pressure won the battle for the week, with the Canadian dollar gaining 1.49%, or $0.01328, against the USD, meaning next week will begin with one Canadian dollar buying US$0.9041. So far across March, the Canadian dollar is now up by 0.05 percent on the USD.

Commodity Snapshot:

* Gold futures started the week with their biggest one-day fall in three months on Monday as carry-over from the week prior about the Federal Reserve raising interest rates sooner than expected dulled any gold luster. Calming tensions in Crimea and lack of any emotional stimulus also weighed on gold`s safe haven appeal, sending the precious yellow metal to its lowest closing price since February 12.

Further a Platt`s article forecast a steep reduction (-31%) in private investment in gold in 2014 and predicted gold to average only $1,257 per ounce this year. June contracts started seeing a spike in trading, but April contracts were the most actively traded for the week, losing $42.20, or 3.16%, per ounce to $1,293.80. On the month, deep losses that last two weeks caused spot gold to be losing 2.54 percent in March with only one trading day left.

* Silver futures continued their slide as well, bootstrapped to falling gold prices. Ongoing signs of a strengthening US economy have traders shunning precious metals as safe haven assets, while slowing manufacturing in China, the world`s top silver consumer, has dampened sentiment for future demand as an industrial metal used for a broad array of electronic and solar products. Silver fell in nine straight trading sessions through Thursday, its longest losing streak in 13 years before mustering a modest bounce of 0.4 percent on Friday. Last week, May contracts for silver were the most actively traded, declining $0.52, or 2.56 percent, to $19.79 per ounce. As March winds to a close, spot silver is down by 6.77 percent.

* Copper futures managed to chop into deep losses in March with their best week in six months as traders became more optimistic that China is going to take more steps to spur their economy. China is far and away the biggest copper consumer, using almost 40% of annual global production, so the government injecting liquidity is expected to be good not only for manufacturing, but also increase demand because copper is used as a key tool in corporate financing. Additionally, copper stockpiles monitored by the Shanghai Futures Exchange contracted by 7.7 percent, marking the biggest decline in three months, quelling some concerns about overabundance of the red metal.

May contracts were the most actively traded on New York`s COMEX exchange during the week; rising 9.1 cents, or 3.08 percent, to $3.0415 per pound. The jump pared some losses so far in March, although spot copper is still off by 4.66 percent and looks like it will fall for the third straight month without a monster day on Monday.

* Oil futures climbed to a three-week high, boosted in part by a three-day closure of the busy Houston Shipping Channel because of a large spill when two ships collided and a reduction of a storage glut at Cushing, Oklahoma. Stockpiles had be growing rapidly at the facility where the Nymex contract is priced with production in the US booming and a bottleneck of transportation channels. Thanks to a new pipeline opening in January, stockpiles at Cushing have declined for eight consecutive weeks. Inventory worries, coupled with optimism for growing demand with the improving US economy have been supportive of crude prices in the last two weeks, following a deep drop from the start of the month when geopolitical tensions overseas calmed. April contracts for West Texas Intermediate Crude were the most actively traded; rising $2.21, or 2.22%, to $101.67 per barrel. Like copper, the recent gains have stemmed losses from early in the month, but crude futures will need a strong day to close the month in the green, as spot WTIC is down by 1.10 percent so far in March.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners slid hard for the second straight week. Goldcorp (TSX:G, -6.93%), Agnico-Eagle Mines (TSX:AEM, -6.29%), Yamana Gold (TSX:YRI, -5.25%), Barrick Gold (TSX:ABX, -6.99%) and Kinross Gold (TSX:K, -13.20%) all took a drubbing.

* Major energy plays were strong amid rising crude prices. Cenovus Energy (NYSE:CVE, +4.51%), Canadian Natural Resources (NYSE:CNQ, +2.15%), Exxon Mobil (NYSE:XOM, +3.59%), Chevron Corp. (NYSE:CVX, +2.48%), Suncor Energy (NYSE:SU, +6.05%) and Imperial Oil Ltd.

(NYSE:IMO, +2.60%) notched gains, while Talisman Energy (NYSE:TLM, -1.09%) was a rare laggard. XLE, the Energy Select Sector SPDR, moved up by 2.30 percent, its seventh rise in eight weeks.

* The biggest of banks in the US struggled, underscored by news surrounding the recent stress tests. Wells Fargo & Co. (NYSE:WFC, +0.35%) eked out a green week, but UBS AG (NYSE:UBS, -0.20%), JPMorgan Chase (NYSE:JPM, -0.22%), Goldman Sachs Group (NYSE:GS, -2.79%), Citigroup (NYSE:C, -5.65%) and Bank of America (NYSE:BAC, -3.30%) were in the red. XLF (NYSE:XLF, -1.29%), the financial select sector SPDR that tracks the financial stocks in the S&P 500, slipped back from near a 6-year high.

* 30 large banks had submitted capital plans to the Federal Reserve, 25 of which were approved. Those whose plans were rejected included Citigroup, the US arms of HSBC Holdings (NYSE:HSBC, +2.07%), the Royal Bank of Scotland (NYSE:RBS, +3.35%) and Santander (NYSE:SAN, +4.57%).

The Fed noted that Citigroup did not make sufficient progress in risk management and control practices, rejecting the bank`s request to increase its dividend and share repurchase plan.

* Canada`s biggest banks, the most heavily weighted component of the TSX Composite, were relatively flat. Bank of Montreal (TSX:BMO, +0.66%) and Royal Bank of Canada (TSX:RY, +0.39%) nipped ahead, but National Bank of Canada (TSX:NA, -0.16%), Canadian Imperial Bank of Commerce (TSX:CM, -1.10%), Toronto-Dominion Bank (TSX:TD, -0.14%) and Bank of Nova Scotia (TSX:BNS, -0.96%) gave back points.

* Apple Inc. (NASDAQ:AAPL, +0.75%) crept ahead as tech stocks took their lumps, primarily because of news that the tech behemoth was in discussions with Comcast Corp. (NASDAQ:CMCSA, -0.88%) about a partnership for a streaming television service.

* Resolute Forest Products Inc. (TSX:RFP, -3.44%) disclosed plans to spend about $105 million to renovate its pulp and paper mill in Calhoun, Tennessee in a bid to raise capacity and lower expenses.

* Facebook Inc. (NASDAQ:FB, -10.75%) shares sunk after the social media company said it is spending up to $2.3 billion in cash and stock to acquire privately held augmented reality company Oculus VR Inc.

Facebook is paying $400 million in cash and $1.7 billion in stock with an additional provision for $300 million in additional payments upon the meeting of specific milestones.

* Similar to what happened in a name mix-up when Twitter (NYSE:TWTR, -7.11%) was going public, shares of nanocap Oculus Visiontech (OTCQB:OVTZ, +30.0%) skyrocketed almost 300 percent on big volume initially on the news before being halted and giving back most of the gains when trading was resumed.

* Bombardier Inc. (TSX:BBD.B, -2.87%) announced a $73.7-million deal to sell two water bombers used to fight forest fires to the Newfoundland and Labrador government. The company also reported a delay in the inaugural flight of its new Learjet 85 because of a necessary software update for the business jet`s system.

* Shares of Dish Network (NASDAQ:DISH, +1.20%) and DirecTV Group (NASDAQ:DTV, +2.41%) rose on speculation that the two satellite giants may be talking about merging.

* Wal-Mart Stores (NYSE:WMT, -0.12%) filed a lawsuit against Visa (NYSE:V, -5.05%), claiming $5 billion in damages due to price fixing related to credit card swipe fees.

* Shares of Nu Skin Enterprises (NYSE:NUS, +10.75%) made up some lost ground as it was only hit with fines of approximately $700,000 for how it conducts business in China. The stock price got crushed in January when the investigation first was announced, enveloped in a bigger argument about the MLM industry. In the same vein, shares of Herbalife (NYSE:HLF, +12.33%), which is the subject of a US investigation, rose upon the less-than-expected fine signaling that these companies aren`t “pyramid schemes,” as some people allege.

Herbalife also made news with the nutritional products maker nominating three additional designees of billionaire activist investor Carl Icahn to its board.

* BlackBerry (TSX:BB, -8.64%) came under pressure for the third straight week, even after reported a quarterly net loss that was smaller than analysts expected. CEO John Chen said that company is taking the offensive to pursue legal action against an unnamed person who allegedly stole confidential information about upcoming products and leaked them to the public. Elsewhere, CBC reported that BlackBerry was considering selling itself to Lenovo Group (OTCPK:LNVGY, +1.15%) last year, but was told by the Canadian government that the acquisition by a Chinese firm would meet stiff resistance, so it abandoned the idea.

* It was a volatile week for fuel cell players. Plug Power Inc.

(NASDAQ:PLUG, +16.16%) was up about 50 percent at one point after saying that they will be announcing a deal with a major car maker in the next few weeks. The news provided rivals FuelCell Energy Inc.

(NASDAQ:FCEL, -10.89%) and Ballard Power Systems Inc (NASDAQ:BLDP, -0.92%)a jump as well, but all three went through sell-offs the next day.

* Shares of Baxter International Inc. (NYSE:BAX, +7.59%) surged after the company said it is splitting into two companies, one for developing and marketing biopharmaceuticals and another that will focus on medical products.

* In probably the most hyped IPO since Twitter, King Digital Entertainment, the maker of the popular online game Candy Crush, priced its shares at $22.50 to raise $500 million. The Ireland-based company fell on its face in its first days of trading, never exceeding the IPO price and ending the week at $18.08.

* Walt Disney Co. (NYSE:DIS, -1.69%) slipped downward after announcing it is buying Maker Studios, a major provider of videos to YouTube, in a deal worth up to $950 million. Maker has a wide array of online channels that reportedly get more than 5.5 billion YouTube views monthly. Shortly after announcing the acquisition, news hit that Maker has also cut a content-licensing deal with cable music video service Music Choice to more than 500 hours of Maker`s network clips.

Weekly Indices Results:

The S&P TSX Composite Index stalled for the second time in three weeks, fading 75.27 points, or 0.53%, to 14,260.72. The TSX-Venture Composite Index gave up early gains, diving 45.31 points, or 4.38%, to 989.73.

In the States, the Dow Jones Industrial Average bounced around and narrowly advanced; adding 20.29 points, or 0.12%, to 16,323.06. The much-broader S&P 500 suffered a slight different fate; declining 8.90 points, or 0.48%, to close at 1,857.62. The tech-rich NASDAQ Composite was the worst performing US exchange, carving off 121.03 points, or 2.83%, to 4,155.76.

Canadian Economic Data:

* There was no “market moving” economic data announced in Canada last week.

This week, major economic data reports will include Gross Domestic Product on Monday; the Producer Price Index on Tuesday; Trade Balance on Thursday; and Ivey PMI and Labour Force Survey on Friday.

U.S. Economic Data:

* The Commerce Department said that new home sales fell by 3.3 percent in February, providing the latest evidence that unseasonably harsh weather took a toll on the housing market this winter. Sales came in at a seasonably adjusted 440,000 rate, following a sharply downwardly revised 445,000 in January (down from an original estimate of 468,000). February`s pace was the worst in five months and slightly worse than the 442,00 that economist predicted. Compared to February 2013, sales were down 1.1 percent. The median sales price of new houses sold in February 2014 was $261,800 and the average sales price was $317,500.

* The Commerce Department report on durable goods, items from toasters to jets intended to last more than three years, showed mixed results for February. New orders rebounded with an increase of 2.2 percent after falling the two months prior, but orders for non-defense capital goods excluding aircraft, commonly called “capex,” unexpectedly dove 1.3 percent. Economists watch capex closely as a proxy for future business investment, so the decline in February led to some analysts cutting their growth forecasts for the first quarter.

* The Labor Department reported that initial jobless claims sunk by 3.1 percent to only 311,000 in the week ended March 22, representing a four-month low and crushing economist expectations for a 1.9-percent rise to 323,000 filings. The four-week moving average of claims, regarded as a better gauge of labor trends because it flattens weekly volatility, declined by 2.9 percent to 317,750, marking its lowest level in six months.

* In its third and final revision of Gross Domestic Product for the fourth quarter, the Commerce Department said that the US economy grew at a 2.6 percent annual rate, up from the 2.4 percent the agency estimated last month. Economists thought that the revision would perk up to 2.7 percent. For all of 2013, GDP increased 2.6 percent, slightly above the 2.5 percent previous estimate. Consumer spending, which makes up the largest portion of GDP, was the main driver, rising 3.3 percent in Q4 on the back of higher spending for healthcare as compared to the original 2.6-percent estimate.

* Americans made and spent more in February, according to the latest report on income and outlays by the Commerce Department. Personal income rose 0.3 percent last month, following a 0.3-percent hike in January, topping economist expectations of a 0.2-percent rise.

Personal spending increased by 0.3 percent in February, building upon gains of 0.2 percent in January and 0.1 percent in December.

Year-over-year, personal income increased 3.1 percent and personal spending was up 3.0 percent.

This week, data in the States will include ISM Manufacturing on Tuesday; Initial Jobless Claims and International Trade on Thursday; and the Employment Situation report on Friday.

The Month at a Glance – March North American stocks were all over the place during March. The month started with the S&P 500 roaring ahead to print a new record high for the 51st time in the past year, the Dow coming within 136 points from an all-time intraday record and the Nasdaq inching towards its record set during the height of the dotcom bubble. Toronto stocks were rolling too, with the TSX Composite near five-year highs and the smaller Venture exchange rising nearly 20 percent since mid-December at the start of March.

Traders were mostly ignoring economic data in recent months, blaming an unusually harsh winter on slack in the US economy. Information to start March supported that contention, as a bevy of reports showed the economy to be gaining traction again as the winter moves towards a close. Namely, the latest report on the employment situation showed that the US added 175,000 jobs in February, beating economist predictions for an increase of 143,000 new jobs. Better yet, the previous two months underwent revisions that added 25,000 more jobs than originally estimated. The unemployment rate, however, moved up from 6.6% to 6.7% as more Americans went out seeking work.

Canadians didn`t get quite as optimistic of a report. Job creation was flat in February and the unemployment rate held at 7.0 percent.

Soft data has inspired speculation that Canada`s central bank may lower overnight interest rates, but those were held unchanged in March as head economists evaluate signs of expansion.

March also featured the fifth anniversary of the bull market for US equities and the 14th anniversary of the Nasdaq`s all-time high of 5,130. Ironically, the week of the anniversaries was one of the worst week for the markets in 2014, erasing the gains from the first week and really putting a damper on market momentum.

Investors got to see the first press conference as the new head of the Federal Reserve, following the monthly meeting of the Federal Open Markets Committee. The main bank didn`t surprise many by saying it was reducing its monthly purchases of Treasuries and mortgage-backed securities by $10 billion again in March (the 3rd straight month of that size reduction), taking the asset purchase plan at $55 billion per month. What surprised, however, was Yellen`s comments that interest rates could start to be raised as early as six months after the conclusion of winding down the asset purchases. Most analysts were targeting a rate hike late in 2015 or even early in 2016. At the current rate of reducing monthly purchases of Treasuries and mortgage-backed securities, that means that interest rates could begin going up as soon as March or April 2015. The Fed chair said that the unemployment rate alone is not going to be the sole basis for their interest rate decision; it will be a combination of economic data, including inflation data.

Canadians got the news that Conservative Finance Minister Jim Flaherty stepped down from his high ranking position. Flaherty, who is widely acknowledged for taking firm measures to steer Canada in the right direction through the Great Recession, took the role in 2006 and was the longest-serving finance minister in the Group of 7. Flaherty will remain part of the Canadian government as a lawmaker. Prime Minister Stephen Harper, who admitted to accepting Flaherty`s resignation with “great reluctance,” named Energy Minister Joe Oliver to the job.

China is normally one of the biggest market influencers each month, but the world`s second biggest economy took a backseat to Russia and the Ukraine in March. As far as China goes, economic data continued to show the nation`s growth is flattening, with the country placing its 2014 growth target at 7.5 percent (the same as 2013). Other than that, as mentioned above, the world is looking to see what the government is going to do to spark its economy with stimulus.

Russia added a new page to history books by “officially” annexing Crimea from Ukraine. To keep the story short, Russian President Vladimir Putin had his army conducting “standard” military drills near Ukraine borders early in the month, raising tensions that a war may breakout between the two countries as Crimea announced its intentions to once again become part of Russia. A referendum showed that the pro-Russian region received nearly 100% support from its people to secede from Ukraine. However, Ukraine`s government didn`t want Crimea to secede, a move that other countries from around the world supported, ultimately leading to threats aimed at Putin that sanctions will be put in place if his country goes ahead with the annexing of Crimea. That didn`t matter to Putin and Crimea was annexed in the third week of March. A bunch of posturing and almost meaningless sanctions were imposed on some Russian military leaders and officials by the EU, USA and Canada. Russia responded with similar restrictions on officials from the US, EU and Canada. Most of the leading global powers have refused to recognize the annexation by Russia as legal.

That`s where it stands at this point, with President Obama last week threatening more sanctions on Russia as the tensions between the two countries have reached their highest point since the cold war three decades ago.

Speaking of secession, debates heated up in Canada again (back to levels from two decades ago, anyway) about Quebec becoming a sovereign nation. Media mogul Pierre Karl Peladeau entered the race as a Parti Quebecois candidate, which added a lot of star power, the necessary financial muscle and certainly enough media outlets to increase the odds of a potential PQ victory in upcoming elections, which would likely open the doors to a referendum on sovereignty.

It`s been a bit of a bumpy ride so far in 2014, to say the least.

Depending on Monday`s movement, there is an outside shot that all three major US indexes close the first quarter in the red. The TSX Composite doesn`t have anything to worry about on that front. Even if Monday is a down day, if the benchmark Canadian index can keep from taking on losses of more than 51 points, it will have advanced for the ninth straight month.

Monthly Indices Results:

* S&P TSX Composite: up 0.36% (+51.13 pts.) * TSX-Venture: down 3.55% (-36.40 pts.) * Dow Jones Industrial Average: up 0.01% (+1.35 pts.) * S&P 500: down 0.10% (-1.83 pts.) * NASDAQ: down 3.54% (-152.36 pts.) Monthly Equity Market Snapshot:(All percentages on a monthly basis unless otherwise noted) * Boeing (NYSE:BA, -3.46%) shares were down after a Malaysian Airline flight carrying 239 passengers and crew in a Boeing 777 disappeared after taking off from Kuala Lumpur and heading for Beijing. About a dozen countries are helping Malaysia try to locate the plane, but nothing has been discovered. Further weighing on Boeing was a Wall Street Journal report that the company has discovered cracks in the wings of some 787 Dreamliner jets, which will cause a delay in delivery of the new aircraft.

* Facebook (NASDAQ:FB, -12.34%) was making moves in March to diversify the company`s business model. In addition to the $2-billion acquisition of Oculus mentioned above and the company`s $19-billion deal to acquire WhatsApp late in February, the company now wants to get its services more widespread globally. TechCrunch reported that the company is negotiating to acquire drone maker Titan Aerospace for $60 million because of interest in using drones to provide Internet access to underdeveloped parts of the world that don`t have it, starting in Africa.

* Horizon Pharma (NASDAQ:HZNP, +21.19%) continued its upward march following an announcement that it is buying Dublin-based Vidara Therapeutics International for $660 million. Shares of HZNP are up 700 percent since August lows.

* Imperial Oil (NYSE MKT: IMO, +3.81%) agreed to sell its interest in oil and gas properties in Boundary Lake, Cynthia/West Pembina and Rocky Mountain House in Western Canada to Whitecap Resources (TSX:WCP, +5.14%) for approximately $855 million. Whitecap also forecast improved production figures and hiked its annual dividend 10 percent to $0.75 per share.

* Federal officials filed a lawsuit against Sprint (NYSE:S, +6.29%), alleging that the wireless provider overcharged the Federal Bureau of Investigations, the Drug Enforcement Administration and other government agencies in excess of 50 percent (equating to about $21 million) for wiretap and other surveillance services. Sprint says the claims are not true and that it will fight the charges.

* Two of the biggest grocery store chains in the US, Albertsons and Safeway (NYSE:SWY, +0.12%), agreed to join forces in a $9 billion deal to create a network of 2,400 stores, 27 distribution facilities and 20 manufacturing plants with more than 250,000 employees. Safeway is the second largest grocer in the US, less than half the size of industry behemoth Kroger (NYSE:KR, +4.79%), which is reported to be considering making an offer itself for Safeway (the 5th largest grocer in the US).

* Shares of Toyota Motor Corp. (NYSE:TM, -2.14%) skidded to their lowest level since last April, after the company agreed to pay a $1.2 billion penalty to settle a four-year criminal investigation case by the U.S. Justice Department. Toyota has been the subject of investigation and the hundreds of lawsuits after its Toyota and Lexus vehicles led to deaths because of “unintended acceleration,” caused by sticking gas pedals, floor mat problems and braking issues. As part of the agreement, the DOJ agreed to defer prosecution of Toyota under the terms that Toyota admitted to misleading U.S. consumers about two safety issues with its vehicles. The $1.2 billion fine is the largest penalty of its kind ever imposed on an automaker.

* According to the Wall Street Journal, Canada`s largest natural gas producer, Encana Corp. (TSX:ECA, +13.25%), is close to selling its massive Jonah natural gas project in Wyoming to private equity firms Carlyle Group (NASDAQ:CG, -5.43%) and NGP Energy Capital Management for about $2 billion. Encana responded by saying its interested in some divestitures, but nothing is a done deal at this point.

* Tourmaline Oil Corp. (TSX:TOU, +2.37%) announced that it has entered into an agreement with Santonia Energy Inc. (TSX:STE, +15.56%) pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Santonia on the basis of 0.03012 of a Tourmaline common share for each Santonia common share, in a deal valued at $189.1 million.

* Shares of Oxygene Inc. (NASDAQ:OXGN, +68.63%) exploded on news that a Phase 2 study evaluating the company`s drug candidate Zybrestat in combination with Avastin met its primary endpoint of a “statistically significant” increase in survival rates of ovarian cancer patients compared to Avastin alone.

* Onex Corporation (TSX:OCX, +3.97%) agreed to sell The Warranty Group to an affiliate of TPG Capital for an enterprise value of approximately $1.5 billion, including earnings the business generates from December 31, 2013 through closing.

* Shares of Yahoo (NASDAQ:YHOO, -7.16%) initially rose after Chinese Internet giant Alibaba announced its plans for a US IPO. Yahoo has a 24-percent stake in Alibaba and is expected to reap a multi-billion-dollar windfall with the US listing. Details of the IPO are still unclear, but analysts expect the Alibaba IPO to raise as much as $15 billion.

* Chiquita Brands International Inc. (NYSE:CQB, +13.80%) agreed to buy Ireland-based Fyffes PLC in an all-stock deal valued at $526 million, creating the world`s biggest banana supplier. The new combined company will be called ChiquitaFyffes PLC, have a combined equity value of about $1.07 billion and sales of about $4.6 billion annually.

* The months long back-and-forth takeover drama finally ended as Men`s Wearhouse (NYSE:MW, -9.72%) and Jos. A. Bank (NASDAQ:JOSB, +3.53%) finally agreed to a $1.8-billion deal in which Men`s Wearhouse will buy its smaller rival for $65 a share in cash. A few weeks prior to the deal being struck, JOSB rejected a buyout offer of $63.50 per share. With the new pact, Jos. A. Bank will terminate its agreement to buy Eddie Bauer.

* BlackBerry Ltd. (TSX:BB, -15.75%) dropped for the first time in four months, upon several announcements, including that it has agreed to sell nearly all of its Canadian real-estate holdings, which include more than 3 million square feet of space as well as vacant lands.

Little details on the proposed transaction, such as the buyer or price, were released.

Penny Stock of the Day:

The March “Penny Stock of The Day” companies continued to generate solid returns with six companies notching double digit gains since they were highlighted last month, including four posting gains of more than 20 percent. The winner for the month was Provectus Pharmaceuticals, Inc. (OTCQB:PVCT) which rose a stellar 43.88% since we highlighted the chart at $1.96 on March 11, just before it shot up to as high as $2.82. We also would like to mention Hanwha SolarOne Co. Ltd. (NASDAQ:HSOL), which surged 37.22% from our alert price on Feb 28th of $3.09 to as high as $4.24.

The Penny Stock of the Day (http://www.allpennystocks.com/aps_us/stocks2watch/performance/ ) is a premium feature available to AllPennyStocks.com Pro members. With over 20 “Penny Stock of the Day” trading ideas per month along with monthly stock picks and market commentary, its easy to see why this service is seeing so much investor demand. Get the edge over other investors with AllPennyStocks.com Pro, try it free: ( http://www.allpennystocks.com/allpennypro/ ) for the first 30 days…

————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.

Disclaimer AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable.

For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.

This is an advertisement for the above mentioned companies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

© 1999-2014 AllPennyStocks.com. All rights reserved.

AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes.

Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.

THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.

We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:

http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.

Related posts:

1. Stocks Rise As Tension Subsides In Ukraine; CDN / U.S. Economies Show Strength
2. Stocks Turn Lower On Ukraine Geopolitical Issues & Weak Chinese Data
3. U.S. Fed Speaks & Signals Rate Hikes Possible by Mid-2015.
4. Santa Delivers Another Strong Week For North American Markets
5. Stocks Stumble To End January, Dow Endures Worst Start To Year Since 2009