Markets Spring Back After Early Week Rout

Recommended Stock Newsletters
 
#1. PennyStockWarfare
#2. Nova Stocks
#3. Penny Stock Finder

allpennystocks Newsletter

You can read the original version online:

http://ymlp289.net/zgtgvB ——————————————————————————– October 19, 2014 Week In Review…


Week In Review For October 13 to October 17, 2014 Companies Mentioned:

* PositiveID Corp.(OTCQB:PSID).

This week on AllPennyStocks.com:

* Article Published, October 15, 2014: Myriad Interactive Hired to Build Ebola Tracking Mobile Application (http://www.allpennystocks.com/aps_us/special-reports/479/Myriad-Interactive-Hired-to-Build-Ebola-Tracking-Mobile-Application.htm) (U.S. Company) * Article Published, October 15, 2014: Prophecy Coal Agrees to Acquire Bolivian Silver Lead Project from Apogee Silver (http://www.allpennystocks.com/aps_ca/special-reports/457/Prophecy-Coal-Agrees-to-Acquire-Bolivian-Silver-Lead-Project-from-Apogee-Silver.htm) (CDN Companies) * Article Published, October 16, 2014: Implant Sciences Selected by US Department of Homeland Security for Funding to Develop New Explosives Trace Detection Systems (http://www.allpennystocks.com/aps_us/special-reports/480/Implant-Sciences-Selected-by-US-Department-of-Homeland-Security-for-Funding-to-Develop-New-Explosives-Trace-Detection-Systems.htm) (U.S. Company) Video charts for the week:

* October 14th Video Chart for CERS.The Cerus chart has been in a wide channel on the bottom since May, but trying to edge upward since a low of $3.48 in July. The MACD is channeling upward suggesting that the chart may try and climb towards a resistance around $4.40. Click here to view: ( http://www.youtube.com/watchv=C23kxPRYr6k ) * October 14th Video Chart for RIC:CA.Richmont Mines has been a great mover since hitting $1.21 in June. The stock climbed as high as $3.07 in September and after a consolidation to a new support around $2, the stock is starting to make another move. view:

( http://www.youtube.com/watchv=SMmGcMT4xyo ) ________________________________________________________________ Featured Link: Try the AllPennyStocks.com Pro newsletter / member area free for 14 days. Members receive exclusive Canadian and U.S.

penny stock picks with specific buy/ sell calls, custom stock scans /

screeners, special reports on various economic topics as well as 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.

We pick the winners, you make the money! Click here: (http://www.allpennystocks.com/allpennypro/ ) to view a sample stock pick and start your 14 day free trial.

Start Your 14 Day Free Trial Now: Click Here: ( http://www.allpennystocks.com/allpennypro/ ).

________________________________________________________________ WEEKLY UPDATE – MARKETS SPRING BACK AFTER EARLY WEEK ROUT As the Toronto markets were shuttered for Thanksgiving last Monday, the US markets continued to hurl lower with more triple-digit losses for the Dow as volatility raged on to set the tone for the week. The CBOE Volatility Index, or “fear index” as its often called, rose throughout the week to its highest level since November 2011 as any buying pressure Monday through Wednesday was met with a flock of panicky selling. Traders moved cautiously back towards gold as a safe haven, but continued to run from oil, with crude hitting its lowest price since June 2012 before bouncing on Friday as West Texas Intermediate crude and Brent crude moved towards parity. More than a dozen energy stocks in the S&P 500 hit new 52-week lows last week.

Wednesday was particularly wild as the Dow flirted with its worst trading day in more than three years with losses of 460 points midday on massive volume before bouncing back to minimize losses. The Nasdaq Composite at one point entered correction territory, defined as a drop of more than 10% from its previous peak, before getting its legs back under it.

So other than strong bearish momentum and a technical breach as major indexes fell through their 200 day moving averages (typically a move that signals stronger downside potential), what weighed on markets Mostly it seemed to be fear over the Ebola virus. The first case of a transmission of Ebola in the US was confirmed by the Center`s for Disease Control and Prevention last Sunday. Improper safety protocol was blamed for Texas nurse Amber Vinson, a women involved in the treatment of Thomas Eric Duncan, contracting the deadly virus. She reportedly had extensive contact with Duncan, the man with the distinction of being the first case of Ebola diagnosed in the US since the breakout in March in West Africa. Duncan died on October 8.

Since Vinson`s diagnosis, Nina Pham, another nurse from Texas Health Presbyterian Hospital, the hospital that treated Duncan, was diagnosed with Ebola and transferred to the National Institute of Health`s hospital in Bethesda, Maryland. Precautionary steps are being taken to prevent spread of the disease, including more than a dozen nurses from Ohio that were on a flight with Vinson being placed on paid leave while their health is monitored for possible symptoms, several schools in the Cleveland area closing to be cleaned, the plane Vinson was on grounded to be disinfected, and more.

Outside of a perhaps what could be called a technical bounce as bargain hunters jumped in the game, Federal Reserve officials also lended some fodder for the bulls, starting a sharp reversal on Thursday that continued into the weekend. St. Louis Fed President James Bullard said the central bank should consider extending its bond-buying program past October. The Fed has tapered its asset purchases every month in 2014, lowering the purchases from $85 billion per month to $15 billion per month currently. Most expected the purchases to come to an end this month, but Bullard thinks that the taper plan is data dependent and needs to be evaluated with caution.

Bullard`s comments followed San Francisco Fed President John Williams commenting that the Fed should consider more asset purchases if a sustained, disinflationary forecast is a possibility. While most economists don`t think QE4 is on the table, the markets liked hearing that the Fed has still “got the market`s back” and willing to help.

It`s notable that neither Bullard or Williams are voting members of the Federal Open Market Committee this year.

* Adding a little more flavor to a strange week, all trading was halted on stocks traded on the Over the Counter markets on Friday.

OTC Markets Group voluntarily stopped trading around 10:30 AM due to a problem with quotation systems, with FINRA stepping in to officially call the halt shortly after. Trading was down until about 1:00 PM.

So, what looked like could be another rout on Wall and Bay Street last week ended up not as bad as it first appeared, including the TSX Composite actually closing narrowly green, thanks to a rally late Thursday and big move upward on Friday. There`s no denying the volatility, though, as top-to-bottom swings for the Dow were 292 points, 190 points, 458 points, 260 points and 309 points, Monday – Friday, respectively. It is anyone`s guess if the violent swings will continue next week, if the markets are going to move into correction territory or if the indexes have found a new bottom and are ready to continue the multi-year upward trend. Earnings season is now in full swing and there`s a middling of economic data, so it looks like it could be another white-knuckle ride.

Forex & Commodity Snapshot:

* The Canadian Dollar made up a bit of ground against the US Dollar, appreciating by 0.33% on the week to US$0.89195.

* December Gold futures were the most actively traded, advancing $15.70 per ounce, or 1.28%, to $1,239.00.

* December Silver futures were the most actively traded, slipping 5.4 cents per ounce, or 0.31%, to $17.331.

* December Copper futures were the most actively traded, declining 3.3 cents per pound, or 1.09%, to $3.0035.

* December West Texas Intermediate Crude futures were the most actively traded, losing $3.05 per barrel, or 3.58%, to $82.06.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * JC Penney (NYSE:JCP, +1.83%) said Home Depot (NYSE:HD, -2.50%) exec Marvin Ellison will be replacing current CEO Myron Ullman as CEO.

Ullman, who`s in his second stint as CEO of JCP, was not expected to hold the position indefinitely when he came back on board last year.

Ellison is the EVP of Stores at Home Depot presently and, although he is the CEO designee, he will not official replace Ullman until August 1, 2015.

* GE Capital Aviation Services, the aircraft leasing unit of General Electric (NYSE:GE, +2.27%), agreed to buy Dublin-based helicopter lessor Milestone Aviation Group for $1.78 billion. GE said that helicopter finance is the fastest growing sector in the aviation market.

* The Wall Street Journal reported that Canadian Pacific Railway (TSX:CP, +5.35%) and CSX Corp. (NYSE:CSX, +13.09%) are in talks about a possible merger. If a deal were ever forged, which could face heavy scrutiny from regulators, the combined company would have a market cap around $65 billion. Shares of Canadian National Railway (TSX:CNR, -2.22%), CP`s biggest rival, moved down on the report.

* AbbVie Inc. (NYSE;ABBV, -2.91%) called off its $54-billion acquisition of Shire PLC (NASDAQ:SHPG, -28.49%) citing new Treasury rules that make that deal less attractive. The deal was dubbed a so-called “tax inversion,” which allows US companies to redomicile to other countries in a bid to lower tax expenses. New tax proposals in the US are designed to make it harder for companies to employ inversion strategies. Shire will be owed a $1.67 billion break-up fee if the deal falls through because AbbVie changed its mind.

* Repros Therapeutics (NASDAQ:RPRX, -32.15%) said the U.S. Food and Drug Administration informed the company that there was a lack of clinical information on Androxal for the treatment of secondary hypogonadism to hold a planned pre-new drug application meeting in November. Ultimately, this means that Repros` planned meeting in November is being delayed.

* Alco Stores (NASDAQ:ALCS, -77.27%), cited the effects of the “lingering economic slowdown” as a driving force for the 113-year-old general merchandise retail company filing for Chapter 11 bankruptcy protection. Most thought this may be coming as the board was recently replaced after a proxy fight and shares have been pummeled from over $8 to under $2.00 before the BK news was delivered.

* The hostile takeover attempt of Botox maker Allergan (NYSE:AGN, -5.39%) by Valeant Phamaceuticals (TSX:VRX, +2.11%) heated back up with activist investor and large Valeant shareholder Bill Ackman saying his Pershing Square Capital will deliver new information to US and Canadian regulators proving Allergan is manipulating Valeant`s share price by knowingly making false statements.

* Shares of Netflix (NASDAQ:NFLX, -21.01%) plunged after the video streaming company reported about 600,000 less new subscribers in the third quarter than was expected, blaming a $1 price increase that it implemented in the spring. Further, Netflix dropped its expectations for the fourth quarter.

* Natural gas producer Chesapeake Energy Corp. (NYSE:CHK, +6.27%) said it will sell some of its Marcellus and Utica shale assets to Southwestern Energy Co. (NYSE:SWN, -5.69%) in a $5.38 billion deal.

The assets include some 1,500 wells spanning 413,000 net acres in West Virginia and southern Pennsylvania.

* The Ebola scare has made an impact on the travel industry. Last week, the US Centers for Disease Control and Prevention contacted cruise line operator Carnival Corp. (NYSE:CCL, -1.66%) to inform that a guest onboard was a lab supervisor at Texas Health Presbyterian Hospital that had contact with testing samples of the Ebola virus.

Other cruise operators, including Royal Caribbean Cruises (NYSE:RCL, -0.19%) and Norwegian Cruise Line Holdings (NYSE:NCLH, -5.07%) declined as well to add to monthly losses.

* Shares of Delta Air Lines (NYSE:DAL, +4.50%) rebounded with an earnings beat for the third quarter and on the back of reporting that it has not seen any drop in demand, easing worries related to the Ebola virus.

* Also on the Ebola front, hazmat-suit related companies finally started to cool after massive runs recently. Shares of Lakeland Industries Inc. (NASDAQ:LAKE, -13.50%) and Alpha Pro Tech Ltd. (NYSE MKT:APT, -25.30%) soared to new highs on Monday, but then profit taking set in for the rest of the week.

* Analysts at Cowen lifted their rating on Calfrac Well Services (TSX:CFW, -2.52%), as well as the rating on Trican Well Service (TSX:TCW, -4.55%), to outperform from market perform, giving both companies a boost to significantly trim weekly losses.

Weekly Indices Results:

The S&P TSX Composite Index snapped a six-week losing streak, edging up 0.32 points, or 0.0%, to 14,227.68. The TSX-Venture Composite Index pulled up from lows, but still closed red for the seventh straight week, losing 17.0 points, or 2.06%, to 810.13.

In the States, the Dow Jones Industrial Average was red for a fourth straight week, taking off another 163.69 points, or 0.99%, at 16,380.41. The much-broader S&P 500 fell below 1,900, shedding 19.37 points, or 1.02%, to close at 1,886.76. The tech-rich NASDAQ Composite was the smallest loser of the major US indexes, erasing 17.8 points, or 0.42%, to 4,258.44.

Canadian Economic Data:

(All data from Statistics Canada unless otherwise noted) * The Canadian Real Estate Association (CREA) said home sales decreased 1.4% in September from August, the first monthly decline since January. Actual, not seasonally adjusted, sales were up 10.6% from September 2013, handily beating estimates of a 6% rise. The national average price for homes sold in September was C$408,795, up 5.9% year-over-year. Price growth varied and continues to be skewed by the major markets, with the biggest gains posted by Calgary (+10.1%), Greater Toronto (+7.8%) and Greater Vancouver (+5.3%).

* Foreign investment in Canadian securities was $10.3 billion in August and included both debt and equity instruments. Canadian investment in foreign securities decelerated from July, with holdings largely unchanged as acquisitions of non-US foreign instruments were offset by a divestment in US instruments. Foreign investment in Canadian debt securities totaled $8.0 billion in August, almost evenly split between bonds and money market instruments. This marked the largest such activity in three months. Foreign investors acquired $2.3 billion of Canadian shares in August, marking 12 consecutive months of investment totaling $46.4 billion.

* Canadian manufacturing sales fell 3.3% in August to $52.1 billion, the first decline in 2014. The decrease mostly reversed the gains recorded for June and July. In August, about half of the decrease was caused by lower sales of motor vehicles (-12.0%) and motor vehicle parts (-10.8%). Excluding motor vehicles and parts, sales declined 1.9%. Petroleum and coal product sales declined 3.4% to $7.3 billion, mostly as a result of lower volumes of product sold. Overall, 16 of 21 industries representing about 81% of the manufacturing sector posted declines. Constant dollar sales decreased 3.7%, indicating that a lower volume of products was sold.

* The Consumer Price Index rose 2.0% in the 12 months to September, after increasing 2.1% in August. Prices increased in all major components in the 12 months to September. Higher prices for shelter (+2.7%) and food (+2.7%) contributed the most to the rise in the CPI, while the transportation index (+0.5%) posted the smallest increase.

Consumer prices rose in every province in the 12 months to September, with Ontario (+2.6%) and Alberta (+2.6%) posting the largest increases.

This week, major economic data reports will include Wholesale Trade on Monday; BoC Rate Announcement and Retail Trade on Wednesday; and Employment Insurance on Thursday.

U.S. Economic Data:

* The Labor Department reported that the Producer Price Index for Final Demand, which measures changes in prices received by companies that sell goods and services, declined by 0.1% in September, a sign that inflation remains under control. It was the first decline in the PPI in more than one year after a flat month of August and against economist expectations for a 0.1% rise. A steep drop in gasoline and fuel prices led to a 0.7% decline in the energy index. Wholesale food prices also dove 0.7% last month. So-called “core” PPI-FD, which excludes the volatile food and energy segments, was down 0.1%.

Compared to last September, overall prices were up by 1.6% in September after being up 1.8% in August.

* The Commerce Department said that retail sales declined by 0.3% in September, following a 0.6% advance in August. It was the first decline in retail sales in 8 months, missing the mark of economist predictions of a 0.2% contraction. The declines were broad, including lower sales of vehicles, gasoline, home-improvement stores and apparel outlets. A bright spot in the report was a 3.4% jump in sales at electronics stores, which benefited from the launch of the latest iPhone by Apple. Year-over-year, retail sales were up by 4.3%.

* The Labor Department showed that initial jobless claims, a proxy of weekly layoffs, dropped by 23,000 to 264,000 in the week ended October 11, marking the lowest level for first time claims since April 15, 2000. Economists thought claims would rise slightly to 290,000. The four-week moving average, regarded as a better gauge of labor trends because it irons out weekly volatility, declined to 283,500, it`s lowest level in more than 14 years.

* The Federal Reserve said that industrial production, which measures the output of U.S. manufacturers, utilities and mines, rose 1.0% in September, topping economist expectations of a 0.4% increase and rebounding from a revised 0.2% contraction in August (revised downward from -0.1%). Mining production (+1.8%) and Utilities production (+3.9%) helped lead the broad gains. Capacity utilization, a measure of total resources being used, rose to 79.3% last month, the highest reading since June 2008, although still slightly below the long-run average, suggesting there is still some slack in the industry.

Manufacturing output, the most closely watched segment in the report, rose 0.5% in September after declining by 0.5% in August. Compared to last September, overall industrial production was up 4.3%.

* The Philadelphia Federal Reserve reported that firms responding to the October Manufacturing Business Outlook Survey indicated continued growth in the region’s manufacturing sector this month, albeit at a weaker level than September. The headline diffusion index edged down from 22.5 in September to 20.7 in October (readings over zero indicate expansion). More than 34% of the firms reported an increase in activity; nearly 14% reported a decrease in activity. The current shipments (from 21.6 to 16.6) and employment from 21.2 to 12.1) indexes declined but remained positive, while the current new orders index increased 1.8 points to 17.3. Firms reported an increase in inventories this month; the current inventory index increased from 6.1 to 14.8, marking its highest reading in 10 months. Only the average employee workweek index (from 4.4 to -1.3) was in negative territory.

* The Commerce Department said that housing starts rose 6.3% to a 1.02 million annualized rate in September from a 957,000 annual rate in August. Compared to September 2013, housing starts were up 17.8% (863,000 annual rate). The volatile multi-family-unit segment surged 16.7% to an annual rate of 371,000. Groundbreaking on single-family homes were up 1.1% to a 646,000 annual clip. While all four regions posted gains, the West led the way with a rise of 13.9%, followed by a 5.3% advance in the Northeast.

This week, data in the States will include Existing Home Sales on Tuesday; Consumer Price Index on Wednesday; Initial Jobless Claims on Thursday; and New Home Sales on Friday.

Company Updates:

PositiveID Corporation (OTCQB:PSID), a Company we spotlighted back in July continues to have wild gyrations, but the trend is continuing upwards. The Company announced that its President, Lyle L. Probst, was featured on Fox Business` The Willis Report yesterday to discuss how the Company`s point-of-need pathogen detection system, Firefly Dx, could be used anywhere to detect Ebola within minutes. The interview can be viewed at:

http://www.foxbusiness.com/on-air/willis-report/videos#p/157870/v/3841659343001.

Joining Mr. Probst for the interview was PositiveID advisory board member Thomas DiNanno, who previously served as Deputy Assistant Secretary for Critical Infrastructure Protection at the U.S.

Department of Homeland Security.

PositiveID`s Firefly Dx is a point-of-need, handheld system designed to deliver molecular diagnostic results using real-time PCR (polymerase chain reaction)chemistry. Firefly is being developed to meet the growing need in healthcare markets for more rapid and accurate point-of-need diagnostics that will enable hospitals, physicians, military personnel, and others to save lives. Firefly is designed to derive results from a sample in less than 20 minutes, at the point of need, compared to two to four hours for a lab device, which could enable accurate diagnostics leading to more rapid and effective treatment than what is currently available with existing systems.

For more information on PSID, click here: (http://www.allpennystocks.com/aps_us/company_spotlights/archives/psid.asp) for the full profile on the Company.

————————- 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. AllPennyStocks.com has been compensated two hundred fifty thousand rule-144 shares of PSID by the Company for its efforts in presenting the PSID profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. As of the profile date, no shares have been sold or held by AllPennyStocks.com. 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.

 






You may also like...