To put the Nasdaq rally in perspective to the decline it had, the QQQQ would have to go to $57.84 just to get back to the 62% retrace. It has moved up only abut 5 points in the last 4 months so to move up another 7 seems - well we do not expect to see it any time soon.

The CRB broke out and this is an inflation sign but the market as of yet is not caring.

Again oil rallied and the general market went along.

I heard on CNBC that maybe "the retail buyers" , those that lost money in the tech bubble crash may be only now getting back in. A little hard to believe that they would wait until the broad market, shown here using the Value Line, has gone up so much. It broke out to new all time highs in 2003 so this is a very long rally in the markets as this is up over 300% since its 2002 low. If indeed some retail buyers are just getting back in - I think there are plenty what will be very happy to sell to them. Buy low and sell high works. Buying high can also work as we do it each day but we take some quick profit then use trailing stops.

The US Dollar is very close to a double bottom and below the Bollinger bands, stochastics under 20, RSI under 30 and has positive MACD divergence. This points to a decent rally in the currency to come. I imagine when this happens that Gold will retreat.

Here is the Gold chart and it is near a down trend resistance and stochastics again over 80.

It was a great week as we said for our break out plays with 28 new ones but of our story stocks - they went in the other direction - but not all of them.

NNRF now shows up on Shortsqueeze.com  This site shows the reported short count at the end of June of 381,000 shares.

buyins.net This site shows a list of stocks that have been on the Naked Short SHO list. You see that NNRF has been on it for 41 days. Market makers are allowed 5 to perhaps 13 days to deliver the stock and over that it is not legal so the market makers are selling stock that does not exist in hopes of buying back some in the future if they could panic any real shareholders to sell it to them. The SEC could on the other hand enforce the rule and simply pull the licenses of market makers or broker who are breaking the law but as you see they do not. There are a lot of articles about this such as www.ncans.net The buyin.net site lists NNRF in the category Buy In Eminent - meaning at any time a short squeeze could start.

Let  me mention the two significant news items this week.

The first on Monday was about a dividend to NNRF shareholders as of July 1. NNRF is acquiring ROAR  and following the acquisition, ROAR will be divided into two companies: a welding production company that will be known as "ROAR'', and a fuel cell production company that will be known as "H-XCELL''. The proprietary hydrogen fuel cell technology and patents currently held by ROAR will be transferred to H-XCELL at the closing. NNRF will issue its 50% ownership in H-XCELL as a dividend to NNRF stockholders of record as of July 1, 2007. This dividend will occur in the second half of 2007 NUCON-RF, Inc. Announces Stock Dividend to Shareholders of Record

I was at the ROAR offices last Monday and you can read about this on the message board. The picture on the left is the smallest  model of their unit for welding and cutting and brazing. In this picture you see a small welding head but you can use of course the full sized ones used in all aspects of welding and cutting. This replaces the need for those large tanks of acetylene and oxygen. With this technology you take off the green cap on top and fill it with water, plug it in and it makes the fuel as you need it so when you turn it of there is no danger as there is no gas and the waste is only water. You may have seen some units on the Internet before but this is not an experimental model. ROAR has about 33% of the Russian and CIS market for torch heads and equipment so their units therefore are produced for the serious manufacturer, shops and anyone now using acetylene  or other fuels. Countries such as Turkey as example who have to import all fuel has standing orders once certification for that country is finished and production is ramped up.  In Russia and the CIS there are 600,000 users of acetylene/ oxygen so only converting 10% over is a ton of units and that is not courting other parts of Europe or Asia.
 

ROAR has also developed working prototypes for heating and air conditioning units and has coupled multiple units in series to demonstrate the proof of concept of their units to power a mid-sized vehicle. NNRF has commenced working with laboratories in Russia and Israel, universities, and industry partners to develop multiple applications of the units manufactured by ROAR.

The Second was huge news

NUCON-RF, Inc. Announces Formation of Joint Venture With Russian State Company

You can read the message board where I wrote more on it but as you know the Russian government has formed what will become a massive nuclear holding company ATOMPROM. NNRF already had strategic relations with two of the top four pillars of ATOMPROM. Rosenergoatom (ROSATOM) who operates all Russian nuclear plants and Atopmstroyexport the exportation arm of nuclear equipment and technology. In the announcement TVEL (the nuclear fuel company with 40,000 employees) and Atomenergomash (machinery building component of ATOMPROM) are identified as two of the four main components of the newly formed Russian state nuclear energy company ATOMENERGOPROM (ATOMPROM) ..."

This means now that NNRF and therefore ATOLL have agreements with all four of the main components of ATOMPROM. This is really very big news. Nucon has the highest ranking company leaders and is totally aligned with the top nuclear enterprise in  Russian. ATOMPROM is to become a world leader in nuclear in the way GAZPROM has become so in the natural gas field. (I believe GAZPROM is now the second largest market cap company) and ATOMPROM is modeled after it.

Remember who is in this company:

Chairman of the Board: Larry McQuade, JD. Formerly Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co.

CEO: Prof. Valery Lebedev, PhD, Russia's former  Deputy Nuclear Power Minister

Victor D. Akhunov, former department head of the Department for Decommissioning of Nuclear and Radiation Hazardous Facilities of the Federal Agency for Atomic Energy of the Russian Federation. As was written in a former press release: "Mr. Akhunov is recognized as the most knowledgeable and experienced expert on current and future decommissioning projects in the Russian Federation by the European Union (``EU''), the European Bank of Reconstruction and Development and the donor countries of the G-8. Mr. Akhunov has been involved since inception in the planning and execution of the projects located at Andreyeva Bay, Sayda Bay, Gremikha Bay, the nuclear storage vessel LEPSE in Murmansk harbor, and the decommissioning projects in the Far East at Valadivostock.

And Advisor to the company: Professor Valery Zubov, Ph.D., Member of the Russian Federal Parliament Committee on Credit Organizations and Financial Markets

You know that the G-8 countries have pledged so far to fund at least $4 billion for the remediation of 3 nuclear contamination sites in Russia. You can Google each of these and learn much about them: Andreyeva Bay, Sayda Bay, and Gremihka Bay.

 

The G-8 in another extended project pledged $20 billion forDecommissioning Nuclear and Chemical Weapons NNRF is not as much involved in weapon decommissioning directly but but all nuclear waste has to be stored for a very long time and NNRF is involved there.

You know a general review of Nucon was done by OTC Stock Review and is available in a PDF file here: OTC Stock Review on NNRF

 

 

As you see on the chart below, the stock price it is now very near the 200-day EMA one of our usual buy points and RSI is under 30 while stochastics are under 20. As RSI moves back over 30 and stochastics moves back over 20 our buy signal will be confirmed. As always you set stops with any stock at a level you are comfortable with but good risk reward as we know is either buying as near as support as possible or in buying as close to a break out as possible. I know some. like me, bought near the 50-day EMA and it did not hold so some had close stops and were stopped out. I held - as frankly I did not want to add to the sell off and figure it may not be long until it is back up anyway.

CYRX has stochastics under 20 and the stock seems basing as all await for the company to be able to start with PR again after they move to the OTC. Keep an eye out for news this week again.

CFPC had a sell off as it broke below the 200-day EMA. There were a couple of very large trades and as those were completed the stock put in a rally on Friday. If you are looking to get in this you can watch the RSI and stochastics to turn back up which may be this week. Since our original report two months the stock is back to where it started but the company has added an additional country, Ethiopian, and has said that they are soon to add two more.

PLTG here is a chart of it from the German exchange also trades there.

The German exchange certainly has much more volume on this stock than that of the USA but it has been increasing since we published the report on it last week. It has gained 25% since then. Top break out is over $0.51. They had very good news  about the $62 million in gas reserves under their Tennessee property last week and expect to start drilling at the as soon as licensing is finished probably by September. This will mean greatly increased revenues.

NPWS had some big selling the last two weeks since we pointed out the failure of it to hold the 50-day EMA. I guess there are many who must think that the company will not have their prototype in the month or so. However we still watch the RSI and stochastics as it could yet be an entry point for experienced if they turn back up. The big sell off has also a big reversal to form a hammer and is still below the Bollinger band. This carries more risk but the last trade on it did very well so we look to see if it does reverse that could happen closer to any possible release of the prototype. As we said many times - this is now only a trade as they have no product for sale and no contracts as of yet.

The economic calendar from briefing.com

New additions to our Watch List

HD  Over $41.00 or $41.20

URI - Over $35.00

KO  Over $53.30

ESI over $121.35

AIR  Above $35.00

AGU Back over $46.00 or $46.35

NXG   gold stock - on a move over $3.31

LIFC  First over $32.00 and next over $32.66

This is shot from a little island and the view is not what it seems. The background is a weekend craft show area where you can buy paintings and "oriental" rugs, matrioshka dolls, photographs, antiques and collectables - tons of things. The operator of this area started building these towers and windmill a few years back to make it more fun. 

This though is on the island and is real. Built in 1679.

That's a full lid for today - will see you all during the week.

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