DailyMarkets.com - 27 Signs That The Standard Of Living For America’s Middle Class Is Dropping Like A Rock

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• 27 Signs That The Standard Of Living For America’s Middle Class Is Dropping Like A Rock
• Chart Analysis Of Gran Tierra Energy: Bullish Piercing Line Pattern
• Stock Chart Of The Day: Costco Looking Bullish
• Crude Oil Gains After Bullish Inventory Report, Gold Hits A New Record On Relentless Dollar Decline
• Forex Trading: USD Continues To Be Sold
• It’s A M.A.D. World – Or How The Japanese Played The Nuclear Card
• Gold Will Need To Consolidate Before Going Higher
• Aggressive Growth Stock: CarMax, Inc
• Momentum Stock: SunOpta, Inc.
• Bear Of The Day: Cell Therapeutics (CTIC)
• Bull Of The Day: Ameren Corporation (AEE)
• Growth & Income Stock: Albemarle Corp
• Stock Picks For Thursday: THQ, ReneSola, Caterpillar, JA Solar, Cell Therapeutics
• Speculative Momentum Picking Up The Slack For Crude And Gold

27 Signs That The Standard Of Living For America’s Middle Class Is Dropping Like A Rock Posted: 07 Oct 2010 03:45 AM PDT If you still have a job and you can put food on the table and you still have a warm house to come home to, then you should consider yourself to be very fortunate.  The truth is that every single month hundreds of thousands more Americans fall out of the middle class and into poverty.  The statistics that you are about to read are incredibly sobering.  Household incomes are down from coast to coast.  Enrollment in government anti-poverty programs sets new records month after month … [visit site to read more]

Chart Analysis Of Gran Tierra Energy: Bullish Piercing Line Pattern Posted: 07 Oct 2010 02:30 AM PDT Below is a highly requested chart analysis from Wednesday's action showing a Bullish Piercing Pattern. Gran Tierra Energy (GTE) Click with Pointer Hand to Enlarge A/D line:  Strong accumulation that continues to uptrend ADX line:  A very strong bullish trend since August 27th MACD: Positive momentum that started slowing down during the pullback CMF (21): Bullish and anything over .50 is very bullish. OBV: Confirmed all moves in the PPS, indicating more upside … [visit site to read more]

Stock Chart Of The Day: Costco Looking Bullish Posted: 07 Oct 2010 02:15 AM PDT Today’s Chart of the Day is an earnings play – Costco (NASDAQ:COST). It reported earlier Wednesday. What it reported is not important, but what is important is the reaction of the market to the earnings and as one can see from the chart below, it seems the market liked what it heard. The stock closed just above the top of the consolidation range of last one week and the MACD is also looking to turn … [visit site to read more]

Crude Oil Gains After Bullish Inventory Report, Gold Hits A New Record On Relentless Dollar Decline Posted: 06 Oct 2010 11:51 PM PDT Commodities – Energy Crude Oil Gains After Bullish Inventory Report Crude Oil (WTI) – $83.43 // $0.20 // 0.24% Commentary: Crude oil advanced for the fifth time in six sessions on Wednesday, on the back of a somewhat bullish U.S. crude oil inventory report. The government reported that crude oil inventories increased by 3.1 million barrels, gasoline inventories decreased 2.6 million barrels, distillate inventories decreased by 1.1 million barrels, and total petroleum inventories increased by … [visit site to read more]

Forex Trading: USD Continues To Be Sold Posted: 06 Oct 2010 11:37 PM PDT USD Continues to be Sold The US dollar was weaker again as high yielding currencies performed well. The euro was up sharply versus the dollar and global bourses were higher following yesterday’s strong trading session in the Dow. Economic News USD – Dollar Continues to Struggle The slide in the value of the dollar continued today following weaker than expected ADP Non-Farm Employment change. The report showed job losses of -39K. Economists had expected the report to come in at a positive 23K. … [visit site to read more]

It’s A M.A.D. World – Or How The Japanese Played The Nuclear Card Posted: 06 Oct 2010 11:22 PM PDT When the Bank of Japan announced its new ZIRP and suggested it will buy assets other than Japaneses Government Bonds (JGB's) it changed the face of global economics. The game changer was the de facto elimination of the so-called "banknote rule" – this rule prohibited the BoJ from buying more debt than banknotes in circulation, thus preventing the BoJ from monetizing the country's enormous debt. Once the BoJ announced that the new QE fund would not be subject to the … [visit site to read more]

Gold Will Need To Consolidate Before Going Higher Posted: 06 Oct 2010 11:20 PM PDT The concern in the U.S. is that if the Federal Reserve pumps more money into the system, its efforts will hurt the value of the dollar and possibly stoke inflation, two events that would drive demand for gold. Yet some investors are buying gold on concern that stimulus measures might fail, leading to even deeper problems for the global economy. For many people buying gold is based on the lack of faith in conventional currencies. If the U.S. currency has the phrase "In God We Trust" … [visit site to read more]

Aggressive Growth Stock: CarMax, Inc Posted: 06 Oct 2010 11:05 PM PDT CarMax, Inc. (NYSE:KMX) recently posted its seventh consecutive earnings surprise, sending shares to multi-year highs. Company Description CarMax is a national used car retailer known for its no-haggle philosophy that puts customers at ease. The company has 103 locations across the U.S. Revenues Still Rising On Sep 22 CarMax reported second-quarter results that showed a 13% increase in net sales, to $2.34 billion. The company said it is especially happy with the comparable store used unit figures. … [visit site to read more]

Momentum Stock: SunOpta, Inc. Posted: 06 Oct 2010 11:05 PM PDT SunOpta, Inc. (NASDAQ:STKL) recently hit a new multi-year high on a strong Q2 earning surprise of 57% from early August. With a bullish next-year estimate of 27%, this Zacks #1 rank stock has plenty of upward momentum. Company Description SunOpta, Inc. manufactures and markets natural and organic food products in Canada, the United States and Europe and has a market cap of $410 million. It’s no secret that a growing legion of consumers have committed themselves to the benefits of healthy eating by … [visit site to read more]

Bear Of The Day: Cell Therapeutics (CTIC) Posted: 06 Oct 2010 11:05 PM PDT We are downgrading Cell Therapeutics (CTIC) to Underperform from Neutral, primarily due to the uncertainty surrounding the approval of its lead candidate, pixantrone for aggressive NHL in the US. Cell Therapeutics’ future is dependent on pixantrone since it does not have any other candidate, apart from Opaxio, to fall back on, if the company’s lead candidates are not approved. Furthermore, even if pixantrone manages to hit the market, it will face intense competition from established … [visit site to read more]

Bull Of The Day: Ameren Corporation (AEE) Posted: 06 Oct 2010 11:05 PM PDT Our bullish outlook for Ameren Corp. (NYSE:AEE) is supported by the consistent performance across its solid base of stable utility operations in the Midwestern market, as well as its focus on cost minimization, its strong balance sheet, an above industry average dividend yield and a relatively cheap earnings-based valuation. As of now, the stock is trading at a significant discount versus its peers and the S&P 500. However, given the stable base of regulated operations and expected margin … [visit site to read more]

Growth & Income Stock: Albemarle Corp Posted: 06 Oct 2010 11:05 PM PDT Albemarle Corp (NYSE:ALB) recently reported second quarter earnings of 89 cents, beating the Zacks Consensus Estimate by 17%. Management is upbeat about the remainder of the year, and analysts have been pushing the 2010 estimate higher. Albemarle manufactures specialty chemicals in three segments: Polymer Solutions (41.5% of sales) Catalysts (35.4%) Fine Chemistry (23.1%) The company is based in Baton Rouge, Louisiana and has a market cap of $4.4 billion. Second Quarter Earnings Up 117% Albemarle … [visit site to read more]

Stock Picks For Thursday: THQ, ReneSola, Caterpillar, JA Solar, Cell Therapeutics Posted: 06 Oct 2010 06:11 PM PDT ( click to enlarge ) THQ Inc. (NASDAQ:THQI) has been in the process of consolidating here for an another big up move. The stock has weathered the recent pullback without too much chart damage. Short-term outlook remains bullish with $3.91 support intact. A break above $4.23 would confirm the possibility of a move up to the target price of $5. On the other hand, a decline below the 50-day moving average would blunt such a possibility. Looking at the technical chart above MACD and KD both … [visit site to read more]

Speculative Momentum Picking Up The Slack For Crude And Gold Posted: 06 Oct 2010 05:08 PM PDT North American Commodity Update Commodities – Energy Oil Closes Above $83 as the Dollar Slides and Global Growth Outlook Improves Crude Oil (LS Nymex) – $83.23 // $0.41 // 0.50% Where risk appetite withdrawals its support of oil's advance, supply and demand factors look to take up the slack – and vice versa. The continuous US-based WTI futures contract rose for the fifth time in the past six days. Taking into account the pace of this advance, this is probably the most aggressive climb for … [visit site to read more]

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