Wednesday, October 27, 2010

DailyMarkets.com - 30 Reasons Why You Should Be Really Nervous About The State Of The U.S. Economy

DailyMarkets.com - 30 Reasons Why You Should Be Really Nervous About The State Of The U.S. Economy


30 Reasons Why You Should Be Really Nervous About The State Of The U.S. Economy

Posted: 27 Oct 2010 03:44 AM PDT

The mainstream media is full of happy economic news these days.  The S&P 500 has shot up 16 percent since the beginning of July.  Ford Motor Company just reported a profit that jumped nearly 70 percent in the third quarter.  It was Ford’s best third quarter performance ever and it was the 6th quarterly profit in a row for the company.  Other major firms have announced earnings that have far exceeded expectations in recent weeks.  Hooray!  The pundits are proclaiming that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Soars To 5-week High On Limited Fed Easing Hopes

Posted: 27 Oct 2010 03:06 AM PDT

Forex Pros – The U.S. dollar was up against the Swiss franc on Wednesday, surging to a 5-week high following a report the Federal Reserve will announce limited quantitative easing after its policy meeting next week.

USD/CHF hit 0.9916 during European morning trade, the pair's highest since September 22; the pair subsequently consolidated at 0.9883, gaining 0.41%.

The pair was likely to find support at 0.9710, Tuesday's low and short-term resistance at 0.9981, the high of September … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Decline On Earnings; DAX Down 0.12%

Posted: 27 Oct 2010 02:52 AM PDT

Forex Pros – European stocks were down after the open on Wednesday, as disappointing corporate earnings reports led markets lower, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 was down 0.11%; France's CAC 40 fell 0.13%; while Germany’s DAX shed 0.12%.

In earnings news, the world's biggest maker of business-management software SAP saw shares tumble 3.36% after it reported third-quarter net profit rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The ‘Freak Of Nature’ Gas Field You Haven’t Heard Of

Posted: 27 Oct 2010 02:30 AM PDT

Natural gas companies are now trying to market themselves as "liquid rich" or "wet gas" producers whenever possible.That's because these "wet gases," or NGLs (natural gas liquids), are worth a lot more money than straight-up dry gas – which is methane.

Angle Energy (TSX:NGL) has what I call a "freak of nature" gas field just northeast of Calgary. The field contains a whopping 193 barrels of NGLs for every thousand cubic metres of gas produced. The industry expresses … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ford On Track To Have One Of Its Strongest Years Ever

Posted: 27 Oct 2010 02:30 AM PDT

Ford Motor Co. (NYSE:F) yesterday (Tuesday) furthered its lead among U.S. automakers, reporting record-breaking third-quarter profits.

The world’s most profitable automaker reported record third-quarter net income of $1.69 billion, up 68% over the same period a year ago. The company also said it is paying down debt faster than planned as new models boost its U.S. market share.

Excluding some items, profit was 48 cents a share, beating the 38-cent average of 12 analysts’ estimates … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Vs. Rivals On Report That Fed Easing To Be Gradual

Posted: 27 Oct 2010 02:26 AM PDT

Forex Pros – The U.S. dollar was up against all of the other major currencies on Wednesday, after a report that that a second round of quantitative easing by the Federal Reserve would be more gradual than previously expected.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3809. Earlier in the day, official data showed that euro zone M3 money supply fell unexpectedly in September.

The greenback was also up against the pound, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Trading Plan For Wednesday (GS, TBT)

Posted: 27 Oct 2010 02:01 AM PDT

A mostly flat day in the market but our positions continued their strong moves higher.

We saw some nice after market moves in our open positions Illumina (NASDAQ:ILMN) and F5 Networks (NASDAQ:FFIV).

FFIV is up another 5 points in the after market as well. In the after market we also see big moves in Research In Motion (NASDAQ:RIMM) and Broadcom (NASDAQ:BRCM).

We will be watching to see if their gap ups get faded. If so, it normally tells us the market on a whole is heavy and may start reversing lower. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Hits 2-week High Amid Fresh Doubts Over Fed Easing

Posted: 27 Oct 2010 01:48 AM PDT

Forex Pros – The U.S. dollar was up against the yen for the second day on Wednesday, rising to hit a 2-week high amid expectations that a second round of quantitative easing by the Federal Reserve would be more gradual than expected.

USD/JPY hit 81.98 during European morning trade, the pair's highest since October 12; the pair subsequently consolidated at 81.89, gaining 0.55%.

The pair was likely to find support at 80.61, Tuesday's low and resistance at 82.55, the high of October … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Hits Daily Low After WSJ Says Fed Easing To Be Gradual

Posted: 27 Oct 2010 01:13 AM PDT

Forex Pros – The pound was down against the U.S. dollar on Wednesday, falling to a daily low, following a report in the Wall Street Journal that the Federal Reserve was likely to unveil plans for gradual Treasury purchases at its policy meeting next week.

GBP/USD hit 1.5759 during early European trade, a daily low; the pair subsequently consolidated at 1.5791, shedding 0.31%.

Cable was likely to find support at 1.5650, the low of October 22 and resistance at 1.6002, the high of October … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Mixed As Yen Retreats; Nikkei Up 0.10%

Posted: 27 Oct 2010 01:04 AM PDT

Forex Pros – Asian stocks were mixed on Wednesday, as a weaker yen boosted Japan's exporters, while shares in the financial sector underperformed amid speculation over the scope of additional monetary easing by the Federal Reserve. 

During late Asian trade, Hong Kong’s Hang Seng Index tumbled 1.88%, South Korea’s Kospi Composite fell 0.51%, while Japan's Nikkei 225 Index gained 0.10%.

Shares in Japanese automakers advanced as the dollar retreated from a 15-year high against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone M3 Money Supply

Posted: 27 Oct 2010 01:02 AM PDT

Eurozone M3 Money Supply y/y came in at 1.0%, weaker than the 1.4% expected and prior reading of 1.1%.
Eur/Usd currently trades at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Tumbles To 5-day Low On Fed Easing Doubts

Posted: 27 Oct 2010 12:31 AM PDT

Forex Pros – The euro was down against the U.S. dollar on Wednesday, tumbling to a 5-day low after signs emerged that the second round of quantitative easing by the Federal Reserve may not be as large as anticipated.

EUR/USD hit 1.3772 during late Asian trade, the pair's lowest since October 20; the pair subsequently consolidated at 1.3774, shedding 0.61%.

The pair was likely to find short-term support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday's high.

Late … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NBNZ Business Confidence Increases In October

Posted: 27 Oct 2010 12:14 AM PDT

Forex Pros – Business confidence in New Zealand increased in October, data showed on Wednesday.

In a report, the National Bank of New Zealand said its index of business confidence rose to 23.7 in October, after falling to 13.5 in September.

On the index, a level above 0.0 indicates optimism, below indicates pessimism.

According to the data, business confidence improved across all sub-components, led by lifts in services, manufacturing and retailing.

Following the release of the data, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Barely Moves Ahead Of Inventory Data, Gold Shrugs Off Dollar Rally And Advances

Posted: 26 Oct 2010 11:53 PM PDT

Commodities – Energy
Crude Oil Barely Moves Ahead of Inventory Data
Crude Oil (WTI) – $82.14 // $0.41 // 0.50%
Commentary: Talk about a boring day in financial markets on Tuesday. Crude oil had a daily range of 74 cents, or less than 1%, while the S&P 500 stock index fluctuated about 10 points from high to low, also less than 1%. Fitting for such a day, crude settled $0.03, or 0.04%, higher, to end at $82.55. Both crude and stocks are trading near the highest levels of this year, so it is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Barely Moves Ahead Of Inventory Data, Gold Shrugs Off Dollar Rally And Advances

Posted: 26 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Barely Moves Ahead of Inventory Data
Crude Oil (WTI) – $82.14 // $0.41 // 0.50%
Commentary: Talk about a boring day in financial markets on Tuesday. Crude oil had a daily range of 74 cents, or less than 1%, while the S&P 500 stock index fluctuated about 10 points from high to low, also less than 1%. Fitting for such a day, crude settled $0.03, or 0.04%, higher, to end at $82.55. Both crude and stocks are trading near the highest levels of this year, so it is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Linear Technology (LLTC)

Posted: 26 Oct 2010 11:05 PM PDT

Linear Technology (NASDAQ:LLTC) is a leading OEM of analog and mixed signal semiconductors. September quarter results solidly beat the Zacks Consensus, although softening end markets led to disappointing guidance.
Therefore, we advise investors to avoid the shares, since we believe there is significant uncertainty in demand. Additionally, the considerable debt burden is a concern. Hence we have an Underperform rating on LLTC shares.
Shares are trading in the upper half of the historical range of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Gilead Sciences (GILD)

Posted: 26 Oct 2010 11:05 PM PDT

Gilead Sciences (NASDAQ:GILD) third quarter 2010 earnings of $0.85 was well above the year-ago earnings of $0.74. The improved showing was mainly attributable to strong sales of antiviral products.
Gilead, a leading player in the HIV segment, has continued to increase its patient base. We remain optimistic about growth of HIV franchise drugs Truvada and Atripla. Moreover, the FDA approval of Cayston earlier this year is also a positive. The addition of Cayston to the company’s portfolio should boost … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Lindsay Corp

Posted: 26 Oct 2010 11:05 PM PDT

Lindsay Corp (NYSE:LNN) recently reported excellent quarterly results, which sent analyst estimates even higher after double-digit revenue growth.
Also, if you are looking to make a play on the red-hot ag sector, this Zacks #1 Rank (Strong Buy) is an excellent candidate.
Company Description
Lindsay Corp primarily makes irrigation equipment for the agricultural markets. Additionally the company offers infrastructure and road safety products through its subsidiaries.
Crushed Estimates
On Oct 20 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Snap-on Inc

Posted: 26 Oct 2010 11:05 PM PDT

On October 22, Snap-on Inc (NYSE:SNA) reported solid third quarter results driven by excellent sales growth and an improvement in the gross margin. Analysts have been raising their estimates recently, moving the stock to a Zacks #1 Rank (Strong Buy).
Despite a stellar run-up in the share price over the last several weeks, valuation remains reasonable. The company also pays a stable, attractive dividend.
Company Description
Snap-on is a global provider of professional tools, equipment, and related … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Check Point Software Technology Ltd.

Posted: 26 Oct 2010 11:05 PM PDT

Check Point Software Technology Ltd. (NASDAQ:CHKP) recently hit a new multi-year high at $42.06 after reporting excellent Q3 results that came in 7% ahead of expectations. With an average earnings surprise of 5% over the last four quarters and rising estimates, this Zacks #1 rank stock is a momentum contender.
Company Description
Check Point Software Technologies Ltd. develops a range of software products and services for information technology security worldwide. The company was founded in 1993 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down On Economic Data

Posted: 26 Oct 2010 11:00 PM PDT

The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on CPI.

AUD/USD was trading at 0.9744, down 1.11% at time of writing.

The pair was likely to find support at 0.9720, today's low, and resistance at 0.9974, Monday's high.

Earlier in the day, official data showed that Australian consumer price inflation rose less-than-expected to a seasonally adjusted 0.70% in the last quarter from 0.60% in the preceding quarter.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Usd/Jpy From A Daily Perspective

Posted: 26 Oct 2010 10:42 PM PDT

After making a new low of 80.40 2 days ago Usd/Jpy has began to strengthen. The pair is at its session high of 80.75 and seems poised to make a run at 82.00. Next resistance is 82.50-55 which signifies the 38.2% Fibo of move down from 85.92 to 80.40. If the pair reverses 81.25-30 should act as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 26 Oct 2010 10:30 PM PDT

The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3822, down 0.27% at time of writing.

The pair was likely to find support at 1.3802, today's low, and resistance at 1.4080, Monday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 50.20 last month from 48.60 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Recent US Dollar And Gold Daily Cycles: A Comparison

Posted: 26 Oct 2010 09:50 PM PDT

I thought some may find it interesting to visually see the previous four daily cycles of both the US Dollar and Gold, and so I made this chart.  You will notice that the daily cycles of the US Dollar and Gold are usually both between 20 – 28 days and that they closely, but not perfectly, align with each other.

I have placed a little green star above each day that represented the top of a daily cycle. Normally, this top will either be left or right of center.  For example, a daily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The Asian Session

Posted: 26 Oct 2010 09:00 PM PDT

The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on GDP.

GBP/USD was trading at 1.5824, down 0.12% at time of writing.

The pair was likely to find support at 1.5656, Friday's low, and resistance at 1.5896, Tuesday's high.

Earlier in the day, preliminary official data showed that U.K.'s gross domestic product rose more-than-expected to a seasonally adjusted 0.80% in the last quarter from 1.20% in the preceding quarter.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Four Small Cap ETFs Positioned To Grow

Posted: 26 Oct 2010 08:17 PM PDT

A sustainable economic recovery is likely to not be intact until financial institutions start lending and the credit markets loosen up, at which time small-cap exchange traded funds [[ETFs]], like the iShares Russell 2000 (IYW), the PowerShares Dynamic Small Cap (PJM), the Vanguard Small-Cap ETF (VBR) and the PowerShares Zacks Small Cap Portfolio Fund (PZJ) will reap the benefits.
Historically speaking, small caps have been the leader in sustainable economic recoveries.  One reason … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During The Asian Session

Posted: 26 Oct 2010 08:00 PM PDT

The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on CB Consumer Confidence.

USD/JPY was trading at 81.64, up 0.25% at time of writing.

The pair was likely to find support at 80.42, Monday's low, and resistance at 81.71, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 50.20 last month from 48.60 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down On Economic Data

Posted: 26 Oct 2010 06:15 PM PDT

The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on CPI.

AUD/USD was trading at 0.9762, down 0.93% at time of writing.

The pair was likely to find support at 0.9757, today's low, and resistance at 0.9974, Monday's high.

Earlier in the day, official data showed that Australian consumer price inflation rose less-than-expected to a seasonally adjusted 0.70% in the last quarter from 0.60% in the preceding quarter.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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