Daily Markets - 2010 - The Great American Collapse

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• 2010 - The Great American Collapse
• Historical U.S. Stock Market Behaviour Near 200-Day Moving Average
• Is It Time To Buy Hewlett-Packard Shares?
• The Inflation-Deflation Debate Continues
• Forex Trading: EUR/USD Finding Support At 1.3133
• So Little Gold: Why So Cheap?
• Crude Oil Rises With Equities, Gold Falls On Dollar Rally
• Forex Trading: Federal Funds Rate Leading Event In Today’s Market
• Growth & Income Stock: Haliburton
• Bear Of The Day: Quest Diagnostics (DGX)
• Bull Of The Day: Grupo TMM S.A.B.
• Momentum Stock: Las Vegas Sands Corp.
• Aggressive Growth Stock: Lear Corporation
• How Will The U.S. Stock Market React To Tuesday’s Fed News?
• Gold To Ascend To Much Greater Heights
• Forex Trading: EUR/JPY Looking For Support
• Singapore Stock Market Update For Tuesday 10 August
• Forex Trading: EURO Losing Its Bid
• Chart Of The Day: Jobs Vs. Help Wanted Ads Gap
• Muslim Raheel Raza Speaks Out Against Ground Zero Mosque
• Stock Picks For Tuesday 10 August: Nvidia, Power-One, Ciena, Solarfun Power Holdings
• Not What It Was

2010 - The Great American Collapse Posted: 10 Aug 2010 03:34 AM PDT As gold hovers near $1,200 an ounce and pundits speculate about a ‘gold bubble’, it’s important for investors to remember that a mere decade ago the picture was very different. In the year 2000, gold sat at an unimpressive annual average of $279 an ounce - a two-decade low. At that time, most analysts thought gold was finished as a monetary metal. They said its price would never recover and only kooks with tin hats would invest in it. I was one of the very few financial commentators … [visit site to read more]

Historical U.S. Stock Market Behaviour Near 200-Day Moving Average Posted: 10 Aug 2010 03:20 AM PDT The bulls lounge was nearly empty when we published Stocks May Surprise By Year-End on July 2, 2010. The S&P 500 was standing at 1,022, bears were out in full force, and talk of a move toward 850 on the S&P 500 was common. As we awake today, the S&P 500 stands 11.50% above the intraday low made on July 2, 2010. With the Dow, NASDAQ, and S&P 500 all above their respective 200-day moving averages (see Hedge Funds Care About 200-Day), the question now becomes should you wait … [visit site to read more]

Is It Time To Buy Hewlett-Packard Shares? Posted: 10 Aug 2010 03:01 AM PDT After the sudden resignation of Hewlett-Packard (NYSE:HPQ) CEO Mark Hurd last Friday, shares plunged 8% overnight and through Monday’s trading session. Strangely enough, shares stopped falling at a critical chart support level - so let’s take a look at what the charts are saying for the reference price levels investors should be watching. First, HPQ Daily: The daily chart offers a support level at $42.50 and $42.00 per share - which is roughly where price trades … [visit site to read more]

The Inflation-Deflation Debate Continues Posted: 10 Aug 2010 12:42 AM PDT As we wait for the FOMC statement, I see that the inflation-deflation debate is continuing. On the deflation side of the debate, the economy remains anemic and Nobel Laureate Joseph Stiglitz is calling for more stimulus. Moreover, Pimco head El Erian warned of deflationary risks in the US economy. On the other hand, we have the wheat crisis in Russia, which has pushed up food prices and is raising the specter of commodity inflation. A volatile decade Which camp is right and what can … [visit site to read more]

Forex Trading: EUR/USD Finding Support At 1.3133 Posted: 10 Aug 2010 12:12 AM PDT EUR/USD tested support at 1.3133 and has been grinding higher for the past few hours. The pair is currently trading around the 50.0% fibo line (1.3156) on the move from the low on July 30th to the high on August 7th, with the 200 hour moving average coming in at the same level. If the upward momentum continues, the next topside target is the 38.2% retracement line at … [visit site to read more]

So Little Gold: Why So Cheap? Posted: 10 Aug 2010 12:01 AM PDT Gold, the precious metal most often thought of as money, is in short supply.  In fact, the existing above ground horde is so small one has to question whether it is realistic to think of it as having a serious role as money in the future.  The fact is there just isn’t enough of it and - once institutional and private investors realize that the supply is so disarmingly and alarmingly insignificant - prices are likely to go parabolic. Which Countries Own Gold? The top 8 countries … [visit site to read more]

Crude Oil Rises With Equities, Gold Falls On Dollar Rally Posted: 09 Aug 2010 11:51 PM PDT Commodities – Energy Crude Oil Rises With Equities Crude Oil (WTI) - $81.08 // -$0.40 // -0.49% Commentary: Crude oil advanced $0.78, or 0.97% on Monday, as the commodity followed equities higher. U.S. stocks, as represented by the S&P 500 index, closed at the highest level since May and have been steadily trending higher despite the release of several weak pieces of economic data. The most notable piece of data was last week's nonfarm payrolls report. Though equities and in turn, crude … [visit site to read more]

Forex Trading: Federal Funds Rate Leading Event In Today’s Market Posted: 09 Aug 2010 11:09 PM PDT Federal Funds Rate Leading Event in Today’s Market The Federal Reserve is expected to keep its benchmark interest rate unchanged near 0% today, as traders get ready for a busy news cycle. The Fed’s corresponding rate statement is expected to provide an assessment of the current economic condition in the world’s largest economy and more importantly provide a speculative economic outlook, likely setting short-term direction for the USD. Economic News USD - U.S. Dollar Advances vs. Majors ahead … [visit site to read more]

Growth & Income Stock: Haliburton Posted: 09 Aug 2010 11:05 PM PDT Halliburton (NYSE:HAL) continues to profit from increased activity in the unconventional natural gas and oil basins in the US as well as strong international growth in Russia, Asia Pacific, and Latin America. Growth and Income The company is expected to grow its earnings per share 36.2% in 2010, 30.3% in 2011, and 13.0% over the long term. Its trailing 12-month return on equity is 14.2%. The stock also offers investors a dividend yield of 1.2%. This Zacks #2 Rank stock trades at 17x 2010 consensus … [visit site to read more]

Bear Of The Day: Quest Diagnostics (DGX) Posted: 09 Aug 2010 11:05 PM PDT Quest Diagnostics (NYSE:DGX) second-quarter EPS of $0.89 beat the Zacks Consensus Estimate by a penny and the year-ago quarter by 7 cents. However, revenues declined 1.4% to $1.9 billion, driven by a decline in both volume and pricing. Meanwhile, the company proactively negotiated contracts with some MCOs at reduced prices. Although this gives more visibility, revenue per requisition was affected in the near term. Quest is adopting strategies such as suitable acquisitions, increased sales force … [visit site to read more]

Bull Of The Day: Grupo TMM S.A.B. Posted: 09 Aug 2010 11:05 PM PDT Grupo TMM S.A.B. (NYSE:TMM) is one of the largest integrated logistics and transportation companies in Mexico. The firm, through its subsidiaries, provides maritime services, land transportation services, integrated logistics services and ports and terminals management to international and domestic clients throughout Mexico. Despite the global recession in 2009, TMM continues to record solid EBITDA growth. The firm is committed to modernizing its fleet, which will in turn maximize margins. TMM’s … [visit site to read more]

Momentum Stock: Las Vegas Sands Corp. Posted: 09 Aug 2010 11:05 PM PDT Las Vegas Sands Corp. (NYSE:LVS) just hit a new multi-year high after reporting an awesome 89% earnings surprise in late July, sending estimates soaring for this Zacks #1 rank stock. Company Description Las Vegas Sands Corp., together with its subsidiaries, develops multi-use, integrated resorts worldwide. The company was founded in 1988 and has a market cap of $19 billion. With a big rebound in consumer spending taking hold after the economic collapse of 2008, discretionary industries like resort … [visit site to read more]

Aggressive Growth Stock: Lear Corporation Posted: 09 Aug 2010 11:05 PM PDT Lear Corp (NYSE:LEA) nears its 52-week high, but thanks to drastic estimate revisions shares remain a solid value as well. Company Description Lear Corp makes automotive seats and related components and electrical power systems world wide. Sales Jump 33% On Aug 3 Lear reported quarterly sales of $3.0 billion, which is a 33% improvement over the same period last year. In that period of time, vehicle production is up 73% in North America, 24% in China and 11% in Europe. Income came in at just under … [visit site to read more]

How Will The U.S. Stock Market React To Tuesday’s Fed News? Posted: 09 Aug 2010 10:34 PM PDT Monday was yet another reminder of last year’s low volume rallies.  We ended today with the lowest volume of the year.  It seems volume has continued to decrease over the past few weeks and some of it may be very concerned bears and bulls alike waiting on the outcome of Tuesday’s Fed meeting. Last year saw a significant amount of upside on declining volume.  It will forever be known as the most unloved rally we’ve encountered in recent memory.  Could we be setting up for another one … [visit site to read more]

Gold To Ascend To Much Greater Heights Posted: 09 Aug 2010 09:59 PM PDT The straight-faced dissemination of transparently amateurish “official analysis” these days loudly proclaiming that an economic rebound is underway is so blatantly short on truth that it reveals a disturbing level of desperation to raise confidence. Furthermore, it clearly shows that the damage to the national economic infrastructure is so great that the practices deployed by the Federal Reserve and the Obama Administration to goose the economy to revival were futile at best and most … [visit site to read more]

Forex Trading: EUR/JPY Looking For Support Posted: 09 Aug 2010 09:41 PM PDT After trading nearly 100 pips lower so far this session, EUR/JPY is trading in the area of 112.68, where hourly support has been found several times in the past two weeks. If the downward trend continues, and the pair can close below 112.68, the first stop on this downward train is the 50.0% fibo (112.36) level on the move from the low on July 21st to the high on the 28th. A solid move may see the pair trade down to the 111.80 level. It will be interesting to see what happens when Europe … [visit site to read more]

Singapore Stock Market Update For Tuesday 10 August Posted: 09 Aug 2010 09:11 PM PDT Morning Highlights Index opened at 3004.24, lifted by Wall Street's overnight rise. However, it failed to sustain and dropped below 3000. Investors are trading cautious ahead of U.S rate decision which will be announced tomorrow. Wilmar broke 6.46 PEC broke 0.89 Corporate Announcements: Keppel announced that it is on track to deliver the fourth of seven ENSCO 8500 Series semisubmersible drilling rigs being built exclusively for Enso plc. News Updates: Jobless rate at 9.5% as … [visit site to read more]

Forex Trading: EURO Losing Its Bid Posted: 09 Aug 2010 08:13 PM PDT Midday in Tokyo ahead of the BOJ rate decision, we have seen the EUR/USD pair decline to the middle of the 1.31 handle ahead of the 38.2% retracement of the longer-term move from the highs in the Winter of '09. The pair could find support at that level or slightly beneath at last Thursday's lows (1.3118.) A lot will be determined following the BOJ statement and tomorrows Fed … [visit site to read more]

Chart Of The Day: Jobs Vs. Help Wanted Ads Gap Posted: 09 Aug 2010 07:31 PM PDT The chart above shows monthly payroll employment and monthly online help wanted ads from May 2005 to July 2010.  Since the April 2009 low of 3,188,800 total online help wanted ads, there has been an increase of 1.105 million help wanted ads to 4.29 million in July.  From the December 2009 bottom of 129.58 million jobs there has been an increase of only 654,000 payroll jobs, for a ratio of 1.7 new jobs advertised and available for every one new job added to U.S. … [visit site to read more]

Muslim Raheel Raza Speaks Out Against Ground Zero Mosque Posted: 09 Aug 2010 06:29 PM PDT … [visit site to read more]

Stock Picks For Tuesday 10 August: Nvidia, Power-One, Ciena, Solarfun Power Holdings Posted: 09 Aug 2010 06:12 PM PDT ( click to enlarge ) I have been following Solarfun Power Holdings (NASDAQ:SOLF) for while and over the last weeks I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first hours of trading, which mean someone is accumulating a huge amount of shares for the coming months. The technical indicator OBV shows exactly this situation. With Oil moving up again above $80, … [visit site to read more]

Not What It Was Posted: 09 Aug 2010 05:47 PM PDT There’s been plenty of debate about whether the changes we’ve seen in consumer behavior are a passing fad, or whether they reflect a structural shift that will linger for many years to come. Yesterday’s post, “Moving Away from Conspicuous Consumption,” highlighted a New York Times article suggesting that a growing number of Americans are discovering there’s more to life than borrowing and buying, which sounds like more than a temporary change-of-heart to me. In “6 Curious Displays of … [visit site to read more]

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