Daily Markets - Balance Transfers Q&As

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• Balance Transfers Q&As
• Stock Picks For Tuesday September 7: Sirius XM Radio, Wells Fargo, Motorola
• Silver’s Triple Top Breakout Signifies Possible Major Trend Higher
• Waiting For 2017 (or 2018)
• Why Obama Is Proposing Whopping Corporate Tax Cuts, And Why He’s Wrong
• Witnessing The Slow-Motion Deindustrialization Of The United States
• Crude Oil Down In Holiday Trade, Gold Attempts To Resume Its Rally
• Growth & Income Stock: Caterpillar Inc.
• Aggressive Growth Stock: Medifast, Inc
• Momentum Stock: CARBO Ceramics, Inc.
• Bear Of The Day: J.C. Penney Co., Inc. (JCP)
• Bull Of The Day: O'Reilly Automotive (ORLY)
• CAD/JPY: Still Some Room For The Currency Pair To Move Higher
• Forex Trading: Thin Trading On US Labor Day Dampens Risk Appetite, Boosts USD
• Gold: Could The Buying Power Be Drying Up Right Now?
• Will The US Stock Market See A Turning Point In Early September?
• Yoani Sanchez, Could Help Bring Down The Castro Regime With Her Award-Winning Blog In Cuba
• How To Start A Fire With Nothing But Ikea Products

Balance Transfers Q&As Posted: 07 Sep 2010 03:50 AM PDT In this section, you will find the Most Commonly Asked Questions And The Answers about balance transfers. How do I do a balance transfer? Will I pay less each month? How much should I pay off? Why is it important to lower the interest even if I may end up paying more each month? What should I do if the credit limit I get isn't high enough? Can I balance transfer as many times as I want? When is it time for me to apply for a new balance transfer card? If I shift my balance … [visit site to read more]

Stock Picks For Tuesday September 7: Sirius XM Radio, Wells Fargo, Motorola Posted: 07 Sep 2010 03:45 AM PDT Hey guys I’m back from vacations and ready to post. I can say I had a wonderful time exploring probably the most popular of the Canary Islands ( Tenerife – Spain ). I haven’t had a chance to follow the market closely, but looking at the daily chart of the US Indices the investor sentiment has finally changed…… ( click to enlarge ) Wells Fargo (NYSE:WFC) hit resistance on Friday ( $26.20 ), but was not able to break through. This is a big resistance level for the WFC and once it … [visit site to read more]

Silver’s Triple Top Breakout Signifies Possible Major Trend Higher Posted: 07 Sep 2010 02:01 AM PDT Point and figure charts are one of the oldest and purest charting methods in the field of technical analysis.  Point and figure charts are not commonly studied and practiced by technicians today as in the past.  However, I use it as a simple indicator of areas of supply and demand and to indicate new trends.  Warren Buffett said, "There seems to be some perverse human characteristic that likes to make easy things difficult."  Especially in the field of technical analysis, … [visit site to read more]

Waiting For 2017 (or 2018) Posted: 07 Sep 2010 12:05 AM PDT A lot of long-term analysis seems to be converging towards the launch of a new secular stock bull in the 2017-2018 timeframe. Jeremy Grantham revisited his "seven lean years" scenario in his July quarterly letter July. About a year ago, Art Cashin highlighted the 17.6 year stock market cycle, which pointed to a bottom around 2017. I also wrote about an academic study that correlated demographic trends to P/E ratios, which pointed to a long-term bottom around 2018. I also suggested that … [visit site to read more]

Why Obama Is Proposing Whopping Corporate Tax Cuts, And Why He’s Wrong Posted: 07 Sep 2010 12:04 AM PDT President Obama reportedly will propose two big corporate tax cuts this week. One would expand and make permanent the research and experimentation tax credit, at a cost of about $100 billion over the next ten years. The other would allow companies to write off 100 percent of their new investments in plant and equipment between now and the end of 2011 at a cost next year of substantially more than $100 billion (but a ten-year cost of about $30 billion since those write-offs won't be taken … [visit site to read more]

Witnessing The Slow-Motion Deindustrialization Of The United States Posted: 07 Sep 2010 12:01 AM PDT Labor Day 2010 comes in the midst of a stunning wave of U.S. factory closings that stretches from coast to coast.  Once upon a time America was the greatest manufacturing machine that the world has ever seen, but now it seems as though the only jobs available for working class Americans involve phrases such as “Welcome to Wal-Mart” and “Would you like fries with that?”  Even though the population of the United States has exploded over the last several decades, the number of Americans … [visit site to read more]

Crude Oil Down In Holiday Trade, Gold Attempts To Resume Its Rally Posted: 06 Sep 2010 11:51 PM PDT Commodities – Energy Crude Oil Down in Holiday Trade Crude Oil (WTI) – $73.92 // $0.68 // 0.91% Commentary: Crude oil is currently down after falling on Friday despite a better-than-expected U.S. nonfarm payrolls report and rallying equity markets. Surging U.S. inventories continue to put pressure on the commodity, which typically rallies strongly on global growth optimism. It is worth repeating that inventories in the U.S. are at multi-decade highs and that U.S. crude oil production is at … [visit site to read more]

Growth & Income Stock: Caterpillar Inc. Posted: 06 Sep 2010 11:05 PM PDT Caterpillar Inc. (NYSE:CAT) is still a hot stock as growth in the emerging markets remains strong. Caterpillar manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. It is usually among the first to see a recovery and also among the first to anticipate a coming slowdown. So far, the company is not signaling a slowdown is imminent. Actually, to the contrary. Expanding in Brazil The emerging markets are where it’s at and … [visit site to read more]

Aggressive Growth Stock: Medifast, Inc Posted: 06 Sep 2010 11:05 PM PDT Medifast, Inc. (NYSE:MED) estimates continue to trend higher following the company’s sixth consecutive earnings surprise. Company Description Medifast offers weight-loss programs based on clinically proven, portion-controlled meals. The plans offer customers to choose from 70 different meals, which are bought directly from Medifast. Additionally, the company offers coaching and support groups for its dieters Another Surprise On Aug 5 Medifast reported its sixth consecutive earnings surprise on a … [visit site to read more]

Momentum Stock: CARBO Ceramics, Inc. Posted: 06 Sep 2010 11:05 PM PDT CARBO Ceramics, Inc. (NYSE:CRR) is once again pressuring its all-time high after reporting another great quarter in late July that included a 27% earnings surprise. With a next-year estimate of 21%, the longer-term picture looks good too. Second-Quarter Results Revenue for the period was up 61% from last year to $112 million. Earnings also came in strong at 81 cents per share, 27% ahead of the Zacks Consensus Estimate. In spite of one small miss two quarters ago, the company now has an average … [visit site to read more]

Bear Of The Day: J.C. Penney Co., Inc. (JCP) Posted: 06 Sep 2010 11:05 PM PDT We believe that J.C. Penney Co. (NYSE:JCP) will remain under pressure in the near term. Despite the introduction of new product lines, sales performance has not been impressive. J.C. Penney hinted that the discontinuation of the publishing of Big Book catalogs in November 2009 has been adversely impacting the sales. We expect a negative sentiment among investors, following the sales results for the second-quarter 2010 that breached its own guidance. Moreover, the company’s sales of home products … [visit site to read more]

Bull Of The Day: O'Reilly Automotive (ORLY) Posted: 06 Sep 2010 11:05 PM PDT O’Reilly Automotive (NASDAQ:ORLY) continues to benefit from its dual market strategy and strong distribution network. In the second quarter of 2010, the company beat the Zacks Consensus Estimate by $0.07 per share. The CSK acquisition is expected to boost the company’s earnings and savings in 2010, and will help the company outgrow its competitors. Moreover, the company’s aggressive store opening strategy is well supported by its improving cash flow. The current P/E, which is close to the mean of … [visit site to read more]

CAD/JPY: Still Some Room For The Currency Pair To Move Higher Posted: 06 Sep 2010 11:01 PM PDT Welcome to another week of forex trading! In today's FX feature is the daily cast of the CADJPY. As you can see from the chart, the pair broke down from a descending triangle pattern. Since then, it has been trading between 78.60 and 81.70. Last Friday, we the Canadian dollar rallied against the Japanese yen to push the CADJPY pair closer to where the former support of the triangle. In my view, there is still some room for the pair to move higher although it could turn back when it … [visit site to read more]

Forex Trading: Thin Trading On US Labor Day Dampens Risk Appetite, Boosts USD Posted: 06 Sep 2010 10:50 PM PDT Thin Trading on US Labor Day Dampens Risk Appetite, Boosts USD The EUR/USD tested a significant support line at 1.2790, while the GBP/USD reached as low as 1.5350 before correcting back upwards. Commodity prices seemed to level-out, however, indicating that the upward movement of the greenback may not have been caused by a surging dollar but rather by a decline in everything else. This suggests that risk appetite came under pressure during the thin trading conditions in the market. Economic … [visit site to read more]

Gold: Could The Buying Power Be Drying Up Right Now? Posted: 06 Sep 2010 10:09 PM PDT "The European Union is dying – not a dramatic or sudden death, but one so slow and steady that we may look across the Atlantic one day soon and realize that the project of European integration that we've taken for granted over the past half-century is no more." With these dramatic words begins a eulogy of the European Union in a Washington Post article. The problem is not just economic, but more political; a re-nationalization of political life with countries reclaiming the … [visit site to read more]

Will The US Stock Market See A Turning Point In Early September? Posted: 06 Sep 2010 09:54 PM PDT All summer long we've been locked in a wide trading range that extends roughly from a low of 1020 on the S&P 500 to a high of 1120.  Now with the calendar turning to autumn, mid-term elections close at hand and having arrived at a significant technical juncture, it seems likely that new forces will serve to push the markets in a decisive manner in one direction or other. Looking at My Screens On a technical basis, the sharp three day rally last week pushed the S&P 500 back … [visit site to read more]

Yoani Sanchez, Could Help Bring Down The Castro Regime With Her Award-Winning Blog In Cuba Posted: 06 Sep 2010 07:31 PM PDT Courageous Cuban blogger Yoani Sanchez (pictured above), whose regular posts on her blog Generation Y “offer punchy accounts of the day-to-day environment” in Cuba (frequently featured on CD), can add two new awards to the many she has previously received: 1. The International Press Institutes’s (IPI) 60th World Press Freedom Hero:  "Sanchez's tremendously important work provides a glimpse into what is otherwise a closed world," said IPI Interim Director Alison Bethel … [visit site to read more]

How To Start A Fire With Nothing But Ikea Products Posted: 06 Sep 2010 06:54 PM PDT HT: Ron … [visit site to read more]

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