Blue Horseshoe Stocks: JDST, CNET, TTMI & More

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. TTMIĀ 

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

AQLV, MJNA, SCXN & Extended Watchlist

 

Aqualiv Technologies, Inc. AQLV

After six consecutive days of gains, it seems that AQLV was due for a consolidation. The stock pulled back to .0068 on Tuesday, before rebounding to .009. To keep our interest, AQLV will need to maintain a support level of at least .0075.

Regardless of future action, AQLV has provided us with nearly 500% in cumulative gains over the past week, so we are marking this one down in the books as a win.

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Medical Marijuana, Inc. MJNA

We’ve been following MJNA and other medical marijuana plays since early this fall, when the issue was a hot topic during elections, giving a boost to investor interest.

The stock was trading in the .07-range when we first alerted it, before pushing as high as .16, gaining 126% back in November. It then came back to find support in the .07’s in the early part of December. Recently we’ve seen MJNA break through both the 20 & 50DMA’s and has been steadily increasing to current levels.

As you can see on the annotated chart below, conditions are looking rise for MJNA to continue its recent upward trend, with key resistance coming in at .162..

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Scout Exploration, Inc. SCXN

We first focused on SCXN back on December 17th, after which time we observed a low of .15. By the last week of December the stock was trading in the .23-range, and since the beginning of the year it has broken back above the 20DMA (.28), holding above that level.

We saw a high of .35 yesterday, marking an increase of 133% from the stock’s fifteen-cent low in under a month, though we think that could just be the tip of the iceberg. Once we see a break of the previous high of .39, things could really get interesting.

SCXN Video Chart (01/10/13)

SCXN Corporate Profile Video

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Extended Watchlist:
LWSP, SIOR, COIN, OCLG, ITMN, TTMI