January Effect Candidates 2014/2015

By Rod David | November 16, 2014 - 6:58 pm

Following are my current top January Effect candidates. Some may have bottomed already, not yet waiting for year-end, or even for December”s so-called Santa Claus rally. Some have yet to bottom, already having met my target, but not yet finished basing. And some may not be bottoming at all.

All of the research is based on charting and technical analysis, not fundamentals. I provide entry parameters for each candidate, two or three different parameters where possible. I also provide exit parameters — profit objectives, and stop-losses for those that may not be bottoming at all.

We”ll review these during each Livestock, and I”ll update relevant developments in their patterns in the blog. Don”t hesitate to mention any names you wonder may also be January Effect candidates. For a background on the January Effect, please reference my October 9 webinar.

http://marketfy.com/product/stock-technical-trade-alerts/lessons/1156/view/61743/

.		support	resistance	stop	target
ATTBF	Abattis Bioceuticals Corp.	0.135	0.202	0.128	0.335
	The trend appears to have gained new sponsorship that isn”t gaining any new traction, at least not yet, making it vulnerable to at least a sizable corrective rally.
ARNA	Arena Pharaceuticals Inc.	4.20	4.85	4.15	6.00
	Having rallied already back above the downtrend”s last bounce, a pullback on contracting volume is assumed to be counter-trend.
BTU	Peabody Energy Corp.	9.40	12.65	8.80	16.25
	One more new low can”t yet be discounted, not without a high-volume break to fresh highs, but a new low might yet be needed to flush out remaining sellers.
CALL	magicJack VocalTec Ltd.	8.60	9.65	8.50	12.25
	The latest bounce was ambushed by a gap down that fell to fresh lows, but hasn”t extended, suggesting that its sellers are being trapped.
CBIS	Cannabis Science, Inc.	0.06	0.08	0.06	0.13
	Having rallied already back above the downtrend”s last bounce, the current pullback on contracting volume is assumed to be only a temporary correction.
CDE	Coeur Mining, Inc.	3.65	5.05	3.00	7.85
	The current downleg originated from a Symmetrical Triangle, which is often retested regardless of the eventual resolution, but one more new low can”t yet be counted out.
CLF	Cliffs Natural Resources Inc.	8.80	12.10	8.00	16.20
	The current bounce has stopped pessimistically short of corrective bounce targets, which doesn”t prevent there being one more drop, but does suggest that a bottom is forming.
GBLX	Growblox Sciences, Inc.	0.605	0.955	0.525	1.43
	Rallying to fresh highs before the current downleg did create extra room to absorb selling pressure, but it didn”t prevent the likelihood for producing a fresh low, first.
GSK	GlaxoSmithKline plc	45.10	46.35	44.30	50.60
	Contracting volume on the current bounce is keeping the door open to correcting it, which should not take long to recover if the decline has actually ended.
NCT	Newcastle Investment Corp.	4.55	5.05	4.45	6.20
	The reaction to a recent corporate event revealed the pent-up pessimism, but also neutralized it, so any pullback must be short-lived to avoid losing the first bounce”s traction.
OCN	Ocwen Financial Corp.	20.75	24.50	18.90	27.50
	Delaying any lower lows since the recent plunge doesn”t prevent lower lows, anyway, but it does suggest that the decline”s sponsorship is waning.
PBR	Petrobras	9.80	10.80	9.40	13.35
	The ongoing decline is now probing support that has previously recovered sharply when accompanied by contracting volume, but be aware that selling is also motivated by recent revelations of corruption at the company.
RIG	Transocean Ltd.	24.85	29.75	24.75	34.70
	A longstanding target is being met and there is no assurance of the decline not extending, although not steeping its pace would suggest the decline was ending.
SODA	SodaStream International Ltd.	21.80	23.70	20.60	28.05
	Extended narrow ranging at the decline”s lows did blip-up momentarily, which stopped pessimistically short of even filling the nearby gap above, yet its reaction down has avoided fresh lows.
WLT	Walter Energy, Inc.	2.55	3.35	2.25	5.05
	Several weeks of rallying had probed back above the decline”s last bounce, before finally correcting into the current Flag pattern”s dip.

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