Daily Markets - Why Investors Shouldn’t Ignore The Growing Demand For Renewable Energy |
- Why Investors Shouldn’t Ignore The Growing Demand For Renewable Energy
- US Dollar Punished For Lagging Economic Data & Markets Growing Risk Appetite
- BP’s Offshore Plans Spark Talk Of Drilling Ban Among Concerned European Nations
- Are U.S. Stock Markets Overbought Now?
- US Manufacturing PMI: Evidence That Growth In The US Is Slowing, If Not Stalling
- Marc Faber: “The Bad News Is Essentially Out”
- Updated US Economic Forecast Through 2011: Stagnant Is The Word
- Forex Trading: Eurozone PPI M/m
- Emerging Economies: Manufacturing PMIs Mixed
- Rosenberg: U.S. Economy In “modern-day Depression”
- Manufacturing In Euro Zone On The Roll
- Modern Communism …
- 22 Statistics About America’s Coming Pension Crisis That Will Make You Lose Sleep At Night
- Singapore Stock Market Update For Tuesday 03 August
- China Now The World’s 2nd Largest Economy – And Isn’t Far Behind The United States
- ETF Bulls Win On Monday August 2, 2010 (DIA, SPY, GLD, USO)
- Tech Stocks Outlook: Intel, NVIDIA, Advanced Micro Devices
- Can The Euro Rally Be Sustained?
- ISM Reporting: Upbeat Vs. “Gloom And Doom”
- Markets In Everything: Condos Cheaper Than Cars
- Just Tell Me When
- Stock Markets Close In The Green On First Trading Day In August
- Stock Picks For Tuesday 3 August: Virgin Media, Las Vegas Sands, General Electric, Hemispherx Biopharma, Cell Therapeutics, Sirius XM Radio
- Crude Oil Is The Highest Since May, Gold Up Four Days In A Row
| Why Investors Shouldn’t Ignore The Growing Demand For Renewable Energy Posted: 03 Aug 2010 03:30 AM PDT Over the next 25 years, the Energy Information Administration (EIA) predicts that worldwide energy consumption will increase by more than 50% from current levels. Growing planet-wide populations will demand more and more energy in order to conduct their daily lives. This trend is one of the reasons why renewable energy sources capture the spotlight and investments like the Market Vectors Solar Energy ETF (KWT) stay in the headlines. Long term, I’m bullish on solar and even more so on wind … [visit site to read more]
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| US Dollar Punished For Lagging Economic Data & Markets Growing Risk Appetite Posted: 03 Aug 2010 03:28 AM PDT The USD is currently under siege. Despite the stronger-than-expected ISM figures bolstering global equity markets, the downward trend in US economic data and the anti-recovery remarks from notable speakers have taken their toll. The conversation is heavily skewed toward additional forms of QE by the Fed, in what form we’re not exactly sure. Fed Chairman Bernanke stated that the US had a “considerable way to go” before a complete recovery would be reached. The Fed is continuing its … [visit site to read more]
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| BP’s Offshore Plans Spark Talk Of Drilling Ban Among Concerned European Nations Posted: 03 Aug 2010 03:26 AM PDT BP PLC’s (NYSE:BP) plans to drill for oil and gas off the coast of Libya within weeks has caused nearby European countries like Italy to sound the alarm for a drilling ban until they ensure the safety of surrounding waters. Italy’s Environment Minister Stefania Prestigiacomo was the first European Union official to suggest a drilling ban to give nations around the Mediterranean Sea time to coordinate a drilling policy. “A moratorium could be a right approach for potentially dangerous … [visit site to read more]
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| Are U.S. Stock Markets Overbought Now? Posted: 03 Aug 2010 03:01 AM PDT If it seems like just last week that we were checking whether the markets are overbought or not, it is because it WAS only last week that we were checking whether the markets are overbought or not. The markets were way overbought after the action last Monday and the conclusion was that we would get either a severe pullback or a period of consolidation, and the latter is exactly what we got. After the big move up Monday, I figured it would be worth our while to go back to our trusty old … [visit site to read more]
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| US Manufacturing PMI: Evidence That Growth In The US Is Slowing, If Not Stalling Posted: 03 Aug 2010 02:31 AM PDT As expected, the ISM Manufacturing PMI for the US slowed from 56.2 in June to 55.5 in July. The number is rather flattering, though, as new orders declined from 58.5 to 53.5, production decreased from 61.4 to 57.0, imports fell from 56.5 to 52.5 while the order backlog fell from 57.0 to 54.5. Higher inventories, increased employment and longer supplier deliveries underscored the composite number.
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| Marc Faber: “The Bad News Is Essentially Out” Posted: 03 Aug 2010 02:28 AM PDT In this video clip, Marc Faber, author of the Gloom, Boom & Doom Report, discusses China's economy. Faber, speaking with Deirdre Bolton on Bloomberg Television's "InsideTrack", also talks about Chinese stocks and interest-rate policy.
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| Updated US Economic Forecast Through 2011: Stagnant Is The Word Posted: 03 Aug 2010 02:01 AM PDT Here’s a mediocre forecast for you. It’s not a double dip or a doomsday story, but it’s decidedly lackluster. At this rate of growth, the economy underperforms its potential for . . . as far as the eye can see. Key motivator of the stagnant view: slow monetary growth. In recent months I commented on the Fed’s “quantitative tightening” and why economic growth has been so slow. Second quarter GDP data confirm the slower rate of expansion. The Good News for the Economic … [visit site to read more]
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| Forex Trading: Eurozone PPI M/m Posted: 03 Aug 2010 02:01 AM PDT The market was unchanged after the monthly Eurozone PPI reading was unchanged at 0.3%; worse than the forecast of … [visit site to read more]
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| Emerging Economies: Manufacturing PMIs Mixed Posted: 03 Aug 2010 01:43 AM PDT Although the Markit Manufacturing PMIs for emerging economies generally point to growth slowing in the manufacturing industries in the respective countries, these economies are still in expansion mode. The manufacturing industry in India remains elevated, though, while Taiwan has slowed significantly. Manufacturing output in South Africa continues to contract, albeit at a slower pace. Country July 2010 Brazil
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| Rosenberg: U.S. Economy In “modern-day Depression” Posted: 03 Aug 2010 01:32 AM PDT "The economy is in the process of slowing down," said David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates, via Yahoo Finance – Tech Ticker. "Whether or not we have a 'double-dip', it's going to be some pretty tough slogging as far as the overall economic backdrop."
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| Manufacturing In Euro Zone On The Roll Posted: 03 Aug 2010 01:30 AM PDT The Euro Zone Manufacturing PMI of 56.7% for July released by Markit yesterday was even better than the earlier flash estimate of 56.5% − a number that surprised on the upside. Despite all the gloom and doom about the prospects for the euro zone, growth of both manufacturing production and new orders accelerated to the fastest growth since April while employment rose at its fastest rate in 26 months.
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| Posted: 03 Aug 2010 01:28 AM PDT |
| 22 Statistics About America’s Coming Pension Crisis That Will Make You Lose Sleep At Night Posted: 03 Aug 2010 01:01 AM PDT As the first of the 80 million Baby Boomers have begun to retire, it has become increasingly apparent that the United States is facing a pension crisis of unprecedented magnitude. State and local government pension plans are woefully underfunded, dozens of large corporate pension plans either have collapsed or are on the verge of collapsing, Social Security is a complete and total financial disaster and about half of all Americans essentially have nothing saved up for retirement. So … [visit site to read more]
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| Singapore Stock Market Update For Tuesday 03 August Posted: 02 Aug 2010 10:34 PM PDT Morning Highlights Noble concludes record US$1.55 billion loan facility Please note that Index broke out of … [visit site to read more]
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| China Now The World’s 2nd Largest Economy – And Isn’t Far Behind The United States Posted: 02 Aug 2010 10:01 PM PDT As the old Avis rental car slogan used to say: “When you’re No. 2, you try harder.” With the growth rates that its economy has turned in the past few years, no economist could ever accuse China’s leader of not trying hard. China now claims to have jumped over Japan to take over the No. 2 spot in the world economic pecking order. China’s next target: The No. 1 U.S. economy. In fact, some experts believe that China could catch up to the United States’ $14.4 trillion economy in as … [visit site to read more]
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| ETF Bulls Win On Monday August 2, 2010 (DIA, SPY, GLD, USO) Posted: 02 Aug 2010 09:27 PM PDT Instratrader Indicators: Yellow Flag: We Expect Choppy Prices Ahead Daily Technical Sentiment Indicators: Neutral Short Term Market Condition: Overbought (short term bearish) Short Term Trend: Up Medium Term Trend: Neutral Long Term Trend: Neutral % of Stocks Above 200 Day Moving Average/Daily Change: 64%/+15% % of Stocks Above 50 Day Moving Average/Daily Change: 79%/+9% Market Update:
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| Tech Stocks Outlook: Intel, NVIDIA, Advanced Micro Devices Posted: 02 Aug 2010 09:23 PM PDT These charts are at the request of Bill, who has been quite active in the comments section of the blog recently. Advanced Micro Devices (NYSE:AMD) - I don’t like it here. A descending triangle in formation over here. Got rejected at MA(200) recently and both MA(50) and MA(200) hang right ahead as resistances, not to mention the trendline from the descending triangle. If one does want to get long over here, I would recommend waiting for an entry point close to 7, where the support lies. … [visit site to read more]
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| Can The Euro Rally Be Sustained? Posted: 02 Aug 2010 09:18 PM PDT Economic sentiment rose to a 28 month high in Europe after the panic sell off earlier this year when the Euro collapsed. A major rally has ensued after the most severe financial panic in the Euro’s history. Now the rally is pushing higher, but have the concerns dissipated? I am extremely concerned about this rally off of June lows for several reasons. I do not believe that the economies in Spain, Portugal and Greece will be saved without major restructuring, and the chance of … [visit site to read more]
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| ISM Reporting: Upbeat Vs. “Gloom And Doom” Posted: 02 Aug 2010 08:56 PM PDT The upbeat version from Scott Grannis: “The ISM manufacturing index (above) was stronger than expected, and as my chart suggests, this is fully consistent with the 3-4% economic growth rate (if not more) that I’ve been expecting to see for the past year. It’s a bit weaker than the fabulously strong levels that were showing up recently, but it is not supporting the popular “new normal” economy theory, in which growth registers a feeble 2-3%. Most encouraging was the employment index (bottom … [visit site to read more]
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| Markets In Everything: Condos Cheaper Than Cars Posted: 02 Aug 2010 08:02 PM PDT Get a 1BR, 1.5 bath condo in the complex pictured above in Deerfield Beach, Florida (near Ft. Lauderdale) for just $24,999 (details here), about the same price as a Toyota Camry LE ($26,125 MSRP), or choose from 25 other Deerfield Beach condos for $28,000 or less, starting at just $19,500. Or check here for 40 Las Vegas condos for only $20,000 or less, starting at $10,000; and here you’ll find 33 condos in the Phoenix area (Glendale) for $28,000 or less, starting at … [visit site to read more]
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| Posted: 02 Aug 2010 06:58 PM PDT OK, here’s the “official” line of what’s ahead for the largest segment of the economy: “Bernanke Says U.S. Consumer Spending to Accelerate” (Bloomberg) Federal Reserve Chairman Ben S. Bernanke said rising wages will probably spur household spending in the next few quarters, even as weak job gains drag down consumer confidence.
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| Stock Markets Close In The Green On First Trading Day In August Posted: 02 Aug 2010 06:22 PM PDT August opened strong by taking the bull by the horns and taking it for a ride. All the major indices closed in the green. While the After Hours did have further upside, this move was grinding and rather uneventful. The market was focused on continuing this uptrend, breaking upside resistance of 1120 on the S&P. Keep an eye on option activity in front of key economic data. For example, apparently there was a roll in (XHB) (SPDR Homebuilders ETF), strategist rolled the AUG 15 calls up … [visit site to read more]
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| Posted: 02 Aug 2010 06:13 PM PDT ( click to enlarge ) Shares of Virgin Media (NASDAQ:VMED) has made a new 52 week high on Monday closing at $22.15. The stock is overbought and may need to work this condition before heading higher, however history has shown that stocks can run overbought for quite some time with a bullish MACD. Keep an eye on VMED tomorrow. ( click to enlarge ) Shares of Las Vegas Sands (NYSE:LVS) recorded a new 52 week high. Short-term outlook for the stock is bullish. Remain invested with a … [visit site to read more]
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| Crude Oil Is The Highest Since May, Gold Up Four Days In A Row Posted: 01 Aug 2010 11:51 PM PDT Commodities – Energy
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