Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)
JDST, for those of you who may not be familiar, is a bear index for gold, which has been taking a pounding over the past couple of months, as world economies have seen a general pickup.
Many analysts are predicting a protracted bearish run from the precious metal, for instance Goldman Sachs has forecast gold to decline to $1,050 an ounce this year. Still others believe a trip to sub-$1000/oz prices is in the cards.
Should gold continue its downtrend, JDST is one way to leverage against that, so we’re going to have this index on our radar from this point forward. It could stand to see further increases while investors are turning to other classes of assets which are currently boasting healthier returns.
TTM Technologies, Inc. TTMI
TTMI is hitting our scanners this morning as a potential bottom play. The stock made a run toward the end of Thursday’s session, and spent the day Friday under general consolidation where it came down to bounce off of support at 7.28 in the last hour of trading.
We’ll be keeping an eye in the activity here today, on the heels of this morning’s news of an acquisition that will make the company one of the world’s leading manufacturers of printed circuit boards.
COSTA MESA, Calif. and ST. LOUIS, Sept. 22, 2014 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (TTMI) (“TTM”) and Viasystems Group, Inc. (VIAS) (“Viasystems”) today announced the execution of a definitive agreement under which TTM will acquire all outstanding shares of Viasystems >>> FULL PR
ChinaNet Online Holdings, Inc. CNET
Another stock that popped up during this morning’s scan falls more under the category of a momentum play; CNET made a big move on Friday, and from the looks of things we should be on the lookout for some of that activity to carry over into this week. The stock is presently gapping up in the premarket, and as always when we see this scenario, we are open to the possibility of seeing a potential dip-and-rip on the chart.
The company also announced today that it had won recognition at yesterday’s Chinese eCommerce Industry Gateway Conference in Beijing:
BEIJING, Sept. 22, 2014 (GLOBE NEWSWIRE) — ChinaNet Online Holdings, Inc. (CNET) (“ChinaNet” or the “Company”), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the company won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference. >>> FULL PR
PBR Options Trading Idea
Also, for a quick options trading idea to kick off the new week, we have possible interest in the October 3rd $16 Call, which closed at 1.29 on Friday.
Extended Watchlist:
TATT, DSS, RSH, CLX
