Oil August 16th Penny Stock Winners, Losers, and Stock Scans

Oil

Today's Winners and Losers

Today's Bottom Scan

Earn SAGD Running After The Dump

Earn

SAGD had a strong showing today and has made a nice move off its dump lows.  We could see the stock move back over $.01 if this momentum and buying pressure continue.

Signals Analysis: Oil price rise raises specter of global recession

Signals Analysis: Oil price rise raises specter of global recession LONDON (Reuters) - A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the West, but that may be nothing compared to the economic shock an Israeli attack on Iran would cause. Oil rose to a 10-month high above $125 a barrel Friday, prompting responses from policymakers around the world including U.S. President Barack Obama, watching U.S. gasoline prices follow crude to push toward $4 a gallon in an election year. Europe may have more to fear as its fragile economic growth falters and Greece, Italy and Spain look for alternative sources to the crude they currently import from Iran, where an EU oil embargo, intended to make Iran abandon what the West fears are efforts to develop nuclear weapons, comes into force in June. In euro terms, Brent crude rose to an all-time high of 93.60 euros this week, topping its 2008 record. 'The West's determination to prevent Iran acquiring nuclear weapons is coming at a price - a price that might include a second global recession triggered by an oil shock,' said David Hufton from the oil brokerage PVM. In dollar terms, oil prices are still some $20 a barrel short of their 2008 record of $147. But the latest Reuters monthly survey will Monday show oil analysts revising up their predictions for Brent crude by $3 since the previous month. Such a change is big in a poll of over 30 analysts, and last happened at the peak of the Libyan war in May. Ian Taylor, head of the world's biggest oil trading house Vitol, told Reuters this week prices could spike as high as $150 a barrel if Iran's arch-enemy Israel launched a strike at its nuclear facilities - an option Israel has declined to rule out. 'I used to think this would never happen,' Taylor said, 'but everyone you speak to says the Israelis will have a go at striking at Iranian nuclear sites. 'The day that happens, you have to believe the Iranians throw a few mines in the Strait of Hormuz and, for a few hours at least or maybe more, I cannot see a scenario where prices would not be at that sort of level ($150).' The U.N. nuclear watchdog said Friday Iran had sharply stepped up its uranium enrichment, which Iran insists is solely for civilian purposes. Israel has warned that, by putting much of its nuclear program underground, Iran is approaching a 'zone of immunity,' but it has also said any decision to attack is 'very far off.' Wall Street bank Merrill Lynch said this week that oil prices could climb to $200 over the next five years. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> So far this year, dollar prices for Brent crude have risen by more than 15 percent, pushed up mainly by fears about Iran. The loss of supply from three small and mid-sized producers suffering internal turmoil - Syria, Yemen and South Sudan - has added to the supply worries. WEAK GROWTH, HIGH PRICES A stabilization of the U.S. economy may explain some of the rise in oil prices, but the global economy is growing far more slowly now than at this time last year, yet crude prices are just as high. World equities and oil have typically been closely correlated since 2008 because both were driven by global demand. However, as oil prices start to respond to supply problems, the correlation is evaporating, and the global economy is already paying a high price. Data published this week showed unexpectedly weak activity in Europe's most powerful economy, Germany, and in France, sparking fresh worries that the region could tip into recession. Few have forgotten that in 2008, within six months of hitting its all-time high, oil plunged as low as $35 a barrel with the onset of the global credit crisis. In the United States, demand for refined oil products is close to its lowest level in nearly 15 years, indicating that motorists are cutting back their mileage. 'The price spike is going to be a challenge for politicians in the West running for re-election,' said Olivier Jakob from the Petromatrix consultancy. He said developed countries would find it hard to justify a release of strategic oil stocks similar to what they did in 2011. Unlike a year ago, when Libyan oil exports were disrupted by a war, this year 'there is ... instead a voluntary restriction on buying from a specific country,' said Jakob. Other than a release of oil stocks, developed countries could resort to yet another round of monetary easing, to which emerging markets will respond with quantitative tightening, price controls and subsidies, said analysts from HSBC. 'In terms of fiscal health, it would seem that Asia is better placed than other regions to deal with an oil price shock,' HSBC said in a note last week.

Forex Swing Trade Idea: RGLD

Forex

RGLD offers good swing trade potential. Stock is breaking out of small consolidation. 4 to 5 dollar potential from here

Signals Obama Said to Reprise Deficit, Tax Proposals for 2013 Budget

Signals Obama Said to Reprise Deficit, Tax Proposals for 2013 Budget President Barack Obama will reprise previously rejected deficit-reduction plans and tax increases on the wealthy while proposing new incentives for companies to return jobs to the U.S., as part of his fiscal 2013 budget, administration officials said. The election-year spending plan, due to be presented to Congress Feb. 6, is intended to demonstrate the administration's intent to chip away at the nation's long-term deficits. The nation is at a turning point, Obama told business leaders yesterday at a White House event, where he promised to seek tax breaks for companies that make new investments in the U.S. or bring jobs back from overseas. He didn't give details. 'After shedding jobs for more than a decade, American manufacturers have now added jobs for two years in a row,' Obama said. 'But when a lot of folks are still looking for work, now is the time for us to step on the gas.' Economic growth and job creation are expected to be the main issues in the presidential campaign this year. Mitt Romney, a former Massachusetts governor and the front-runner for the Republican nomination, is making criticism of Obama's stewardship of the economy a prime focus of his stump speeches. The unemployment rate has declined for four straight months to 8.5 percent in December, and the Labor Department has reported six consecutive months of job gains of 100,000 or more. Still, the rate has been above 8 percent for almost two years, and little headway has been made in recovering the 8.75 million jobs lost as a result of the recession that ended in June 2009. Election Issue Only one U.S. president, Ronald Reagan, has been re-elected since World War II with a jobless rate above 6 percent. Reagan won a second term with the rate on Election Day 1984 at 7.2 percent, having dropped almost three percentage points in the previous 18 months. Obama also is seeking to make headway on the deficit, which hit $1.3 trillion in fiscal 2011, the third highest as a percentage of gross domestic product since 1945. The president will offer a plan for deficit reduction along the lines of the $4 trillion proposal that he outlined last September. Two administration officials confirmed the plan on condition of anonymity because they weren't authorized to discuss it before it's announced. The previous plan called for $1.5 trillion in tax increases over the next decade, including the expiration of Bush-era tax cuts for families earning $250,000 or more a year. It also would make changes in mandatory spending programs, cutting Medicare and Medicaid and farm subsidies, selling government assets and reducing federal worker benefits. Republican Reaction A spokesman for House Speaker John Boehner said Congress would reject the deficit plan, just as it did last September. 'The president isn't serious if all he's offering are the same job-killing tax hikes that even Democrats in the Senate have already rejected,' Brendan Buck, the spokesman for the Republican leader, said in an e-mailed statement. 'Our debt is threatening the economy as well important programs many seniors rely on. We cannot afford another punt by the president.' Obama's last budget said the deficit in the current fiscal year would be $1.1 trillion, or 7 percent of GDP. By 2015 it would decline to $607 billion, or 3.2 percent of GDP, according to the administration's forecast. Because a 12-member so-called supercommittee of lawmakers failed to agree on a deficit-reduction plan in November, the agreement between the White House and Congress requires more than $1 trillion in automatic, across-the-board cuts in discretionary spending beginning in January 2013. Obama has threatened to veto any attempts to get around the spending cuts and blamed Republicans for refusing to compromise. One Budget One official dismissed speculation Obama would offer two budgets next month: a conventional version and a second one reflecting automatic cuts, known as sequestration. The Budget Control Act of last August doesn't require the Obama administration to submit a budget that includes specific details from a sequester, should it occur. Stan Collender, a budget expert and managing partner at Qorvis Communications LLC in Washington, told reporters at a Jan. 9 seminar that Congress will spend weeks after the elections trying to avoid automatic budget cuts. 'This will be the year of avoiding the sequester,' he said. Many of the tax and spending proposals in Obama's $3.7 trillion budget last year were ignored or rejected by Congress. His fiscal 2013 spending plan probably will encounter even more resistance in an election year when the presidency, every seat in the U.S. House and one-third of those in the Senate will be decided. To contact the reporter on this story: Roger Runningen in Washington at rrunningen@bloomberg.net To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

Earn Few good setups

Earn

Swing Play

pullback play

Swing Play

145 possible target

Swing Play

24.5 possible target.

Swing Play

24 possible target

Stock To watch

Earnings last night.

Signals UYMG Issues Impressive News Today

Signals UYMG is a stock I posted last week as a bounce candidate.  Today's news could help bolster investor sentiment.  After posting some strong revenue numbers the president of UYMG stated:

'Our authorized share count has risen this year to account for our transition into On Track Technology becoming our main subsidiary. We will not be raising the Authorized share count any further while we control/own UYMG,' said Michael Oliver president of Unity Management group Inc. He went on to add that our valuation or market capitalization is very low for the nature of what we are trying to accomplish. Our valuation is that of many OTC Market shell companies at this time. We are not a shell and have many results, announcements, and filings coming, that will yield a higher value immediately as traders and investors participate in the trading of our stock. We are looking for millions of dollars of value and business here, not 10s of thousands or hundreds of thousands.

Might not be a bad time to take a closer look at UYMG.  I think the stock heads back over $.002 this week... but what do I know?



On Track Technology Begins Work On Production Leases In Navarro County
EAST HANOVER, N.J., Sept. 4, 2012 /PRNewswire via COMTEX/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc. (OTT), and their consulting firms have entered into a farm out agreement to begin work to establish production on a group of contiguous leases in Navarro County. There are approximately 52 wellbores with 6 being State approved injection wells; wellbores identified at the Texas Railroad Commission as lease numbers 01689, 02032, 02033, 02216 and 02503.

OTT President, Eddie Schilb said, 'On Track is working with an area Geologist, and a Chemical firm to develop a confidential completion, and chemical Huff & Puff treatment using Co2, Nitrogen or a combination of the two. Based on conversations with one Petroleum Engineer we believe a potential of 89 BOPD may be achievable upon a successful implantation, and successful results of treatment, installation of proper production equipment, and pressurization of certain/specific wellbores within the leases. While the price of oil varies daily we used $86.08 per barrel (todays price although most 5 year forecast is $101.07 Per Barrel); upon successful implementation 89 BOPD would add approximately $186,318 per month or $2,235,821 annually.

On Track Vice President and Staff Engineer Ayo Odetunmibi commented that this property fits nicely with our other properties. 'We are looking forward to testing these wells; it is an exciting time and I am excited about the potential in this field. Eventually we want to test the possibility of other profitable formations on this acreage.'

'Our authorized share count has risen this year to account for our transition into On Track Technology becoming our main subsidiary. We will not be raising the Authorized share count any further while we control/own UYMG,' said Michael Oliver president of Unity Management group Inc. He went on to add that our valuation or market capitalization is very low for the nature of what we are trying to accomplish. Our valuation is that of many OTC Market shell companies at this time. We are not a shell and have many results, announcements, and filings coming, that will yield a higher value immediately as traders and investors participate in the trading of our stock. We are looking for millions of dollars of value and business here, not 10s of thousands or hundreds of thousands.

Signals August 21st Penny Stock Winners, Losers, and Bottom Scan

Signals

Today's Winners and Losers

Today's Bottom Scan

Oil 5 Unusual Sales Taxes You Need To Avoid

Oil 5 Unusual Sales Taxes You Need To Avoid With the economy still struggling, states are getting fairly crafty with how they charge consumers via sales taxes. It's no secret that dubious, yet all-too enforceable government laws have been with us since the dawn of the civilized world. In ancient Egypt, the pharaohs taxed cooking oil – of course, the main seller of cooking oil was the pharaoh. During the first century AD, the Roman empire taxed urine – a popular source of ammonia for common tasks like tanning hides and cleaning clothes. Then at the height of the Dark Ages (an era in European history notorious for its poor hygiene), some European governments taxed the sale of soap! Unfortunately, onerous and unusual state taxes are still very much with us. What are some of the biggest offenders – and are they active in your state? Here's our top five: Food Packaging Tax States like Colorado have a weird definition of what constitutes food packaging. In using the term 'essential' in its tax language for such commodities, Colorado finds itself in the strange position of taxing paper cup lids and napkins, but not paper cups or fast-food French fry containers. Hot Air Balloon Tax If you're in Kansas and in the mood to take a ride in a hot air balloon, beware of the state government's 'amusement' tax. State regulation makes balloon rides taxable. But there is a caveat – only balloon rides that are tied, or tethered to the ground, are considered taxable. So, if you want to avoid paying taxes when taking a balloon ride over Topeka, make sure to leave the rope at home! Careful on That Bagel New York State has an interesting way of handling bagels – and taxes on buying bagels. If you want to eat a bagel tax-free, don't have the deli counter 'prepare' it for you (i.e., add cream cheese or cut the bagel in two pieces). Prepare that bagel yourself, and you don't have to pay a tax on it. Wet Fuse In West Virginia, celebrating the Fourth of July – or any celebration where fireworks are used, can lighten your wallet. The state has a special tax – on top of its 6% sales tax – on things like ladyfingers and sparklers. Fruit Cakes California has gone bananas over the purchase of fruit by consumers. If you buy an apple from a regular retailer, you're in good shape, as the purchase is tax-exempt. If you buy fruit from a vending machine – and who hasn't done that – you'll pay an additional 33% on the amount of the purchase. Maybe the most egregious case of over-taxation on a state level comes from Pennsylvania, where the commonwealth actually taxes the use of air (on carwash vacuum cleaners). The Bottom Line The above taxes certainly aren't the only taxes on statewide level, but they are surely among the most unique. This site has a more complete list of sales taxes in all 50 states: http://retirementliving.com/RLtaxes.html .

Forex Netflix shares rise on investor optimism

Forex NEW YORK (AP) -- Shares of Netflix Inc. rose Friday on expectations that its shares will get a boost from the upcoming release of its fourth-quarter results. THE SPARK: Netflix shares have risen more than 40 percent in just the past week, prompting investors to wonder just how high they can go. But B. Riley & Co. backed its 'Buy' rating for Los Gatos, Calif.-based Netflix, saying that investors should hold on to their shares until after the company's fourth-quarter conference call on Jan. 25, when it's expected to update its outlook for the year. THE BIG PICTURE: Netflix shares took a beating and subscribers fled after the company said in July that it would increase U.S. prices by as much as 60 percent. Things only got worse two months later when Netflix said it would spin off its DVD-by-mail rental service into a separate website called Qwikster. It scrapped that idea in October. Since peaking in mid-July, Netflix shares have lost about 70 percent of their value. THE ANALYSIS: Analysts for B. Riley noted that Netflix shares are rapidly approaching the firm's $100 price target and said the company will probably post quarterly losses through at least the first half of the year. But they also said that Netflix's customer base appears to be stabilizing, which should reassure investors that the company is holding its own against the competition. 'We continue to believe that Netflix offers consumers the greatest content variety versus price relationship of the various choices,' the analysts wrote in a note to investors. 'And with the surprisingly positive announcement early last week that Netflix streamed more than 2 billion hours of movie and TV show content in the fourth quarter, we believe this is more likely to be the case than not.' In addition, the company should eventually get a boost from the expansion of its steaming services into new international markets. THE SHARES: Up $2.32, or 2.5 percent, to $94.47 in afternoon trading.

Earn August 16th Penny Stock Winners, Losers, and Stock Scans

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Today's Winners and Losers

Today's Bottom Scan

Earn Mexico says G20 to look at smoothing capital flows

Earn Mexico says G20 to look at smoothing capital flows Mexican Finance Minister Jose Antonio Meade speaks during an interview with Reuters in Mexico City February 14, 2012. REUTERS/Henry RomeroView Photo Mexican Finance Minister Jose Antonio Meade speaks during an interview with Reuters in Mexico City February 14, 2012. REUTERS/Henry Romero MONTEVIDEO (Reuters) - Mexico will include possible steps to blunt the impact of sharp capital flows on the Group of 20's policy agenda after discussions with Latin American neighbors, Finance Minister Jose Antonio Meade said on Sunday. Mexico, which holds the G20's rotating presidency this year, hosted a seminar about G20 priorities on the sidelines of meetings of Inter-American Development Bank. The bloc's only Latin American members are Brazil, Mexico and Argentina. Meade said via his Twitter account that suggestions from the region would help to enrich the work of the G20, including a push to ease the impact of capital inflows and outflows and tools to administer flows better. One suggestion Mexico would take on board was to 'develop a better capacity to absorb financial flows in domestic financial systems,' he said. Many delegates at the IADB meeting have expressed concern about a recent move toward protectionism, particularly by Brazil, which last week pushed Mexico to curb auto exports over the next three years to boost its industrial sector, hit by an appreciating currency. Brazil blames loose monetary policy in developed economies for the foreign cash flows that have pushed up the real and unleashed a flood of cheap imports, hurting the competitiveness of Brazilian industries. Officials present at the Montevideo meeting said Uruguay, Paraguay and other countries had pushed for Mexico to make sure the G20 addressed currencies and trade barriers. 'Mexico was asked to raise issues of protectionism, exchange rates and capital flows,' Paraguay Economy Minister Dionisio Borda said. Meade told Reuters the G20 remained committed to combating protectionism and there was no intention to change this. 'In every G20 meeting what we have done is reconfirm the promise to combat protectionism, recognizing that this is a measure which does not contribute to global growth,' he said. In the G20 leaders' November communiqué, the group said multilateral trade was important as a way to avoid protectionism and called for more exchange rate flexibility. Protectionism and capital flows were not specifically mentioned in the communiqué following the G20 finance ministers' meeting in Mexico City in March, but Mexico has said one of its G20 priorities is economic stabilization. (Reporting by Krista Hughes and Guido Nejamkis; Editing by Maureen Bavdek)