Livestox, Jun 3 2015

INVESTMENT POLICY COMMITTEE UPDATE
I am working with third-parties to adapt their virtual portfolios for our use, so that our limit and stop orders can be entered in a real-world manner, and so that subscribers will get “trade alert” emails for any change or fill. I”m very excited about this feature, and about the group aspect. Stay tuned…

LIVESTOX
Wednesday”s Livestox discussed the market”s ranging, and why at least one more higher high remains possible. We discussed Crude Oil and Precious Metals, too.

USO — My pullback target was attacked before an impressive rally returned to the original sell signal as resistance. Regardless, industry stocks are probably positioned for lower prices, so I wouldn”t let that be the reason not to buy operating companies.

GLD – Under 113.50 and 113.10 would target 110.25
– above 115.65 would target 117 and higher

SLV – Earlier weakness projecting follow-through

INSY — Forming a head & shoulders that would trigger under 58.40

TRTC – Volume doesn”t confirm this bounce, which could still test .16

VAPE — Above .45 and .55 would target .71-.73

GWPH — Bearish pattern forming that still has one more higher high, probably at 130-132 before reversing down

BLPG – Example of trusting the stock over the hype

OXIS — Another example of trusting the stock over the hype

TAUG — Recent bounce is impressive, and closing above .007-.008 would target .011 and .015

TURV — Closing above .84 would be vulnerable to extending sharply higher.

CGRW — Ascending Triangle is getting a little tight at the apex

ENDO — Rally is intact

PLPL – The clock is running on this patter resuming its rally

THCZ – Its recent performance made this a sort of gateway drug to the sector”s other stocks, so it”s of broad concern that its pullback is probing fresh lows.

REQUESTS:
AERI, CARA, CERU, PPCH, MYL