DailyMarkets.com - Something Very Interesting Happened In The Gold, Oil, US Dollar Index And US Stock Market

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• Something Very Interesting Happened In The Gold, Oil, US Dollar Index And US Stock Market
• Forex Trading: Euro Tested 50.0% Fibo Retracement Following MPC Minutes
• Forex Trading: Will The USD Be Able To Maintain Yesterday’s Gains?‎
• U.S. Trade Policies: Is ‘Fair Trade’ Really Fair?
• Forex Trading: Euro Higher
• Harley Meets Expectations
• Harley Meets Expectations
• Gold, Silver And Mining Stocks Set For Short-Term Correction
• Crude Oil Plunges On China Interest Rate Hike, Gold Gets Pounded On Dollar Rebound
• Bear Of The Day: Monsanto Company (MON)
• Growth & Income Stock: AmBev
• Bull Of The Day: RadioShack Corp. (RSH)
• Momentum Stock: Tim Hortons, Inc.
• Aggressive Growth Stock: Orexigen Therapeutics, Inc
• Stock Trading Plan For Wednesday: Market In A Pullback Mode
• The Aussie Dollar Gets The High-Low
• Singapore Stock Market Update For Wednesday 20 October
• Architecture Indexes Back To Pre-Recession Levels
• ‘The Most Frightening Story You Ever Heard’
• Stock Picks For Wednesday: JDS Uniphase, Yahoo, Rambus, LDK Solar, ReneSola
• Forex Trading: EUR/JPY Lowest Level In A Month
• A Dollar Surge And Risk Collapse Send Gold And Oil Tumbling

Something Very Interesting Happened In The Gold, Oil, US Dollar Index And US Stock Market Posted: 20 Oct 2010 03:45 AM PDT Despite all the volatile price action in the cross-markets Tuesday, something very interesting happened. Despite the overbought or oversold conditions of the inter-market structure, one fell-swoop brought all markets back to their 20 day Exponential Moving Averages. Let's take a quick chart fly-by to see what happened and what to watch from here. First, the S&P 500: A 1.5% down move isn't devastating – not like a 3% move or more.  Price stayed overbought by most … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Tested 50.0% Fibo Retracement Following MPC Minutes Posted: 20 Oct 2010 01:50 AM PDT We said before that the next topside target for EUR/USD was 1.38275….. and that is where the pair went to following the release of the UK MPC meeting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Will The USD Be Able To Maintain Yesterday’s Gains?‎ Posted: 20 Oct 2010 01:26 AM PDT Will the USD Be Able to Maintain Yesterday’s Gains?‎ Following yesterday’s volatile trading session, in which the US dollar gained around ‎‎300 pips against the euro, analysts are questioning whether the dollar gains were a ‎temporary occurrence or the beginning of a larger trend. Today, news out of the UK ‎and Canada will likely determine which direction the market moves.‎ Economic News USD – USD Gains Big Following Surprise Chinese Rate Hike Yesterday, the dollar saw significant … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Trade Policies: Is ‘Fair Trade’ Really Fair? Posted: 20 Oct 2010 01:01 AM PDT Most Americans still seem to be convinced that “free trade” is “fair trade” and that to be against current U.S. trade policies and globalization means that you are anti-business, anti-free enterprise and anti-American.  In the mainstream media, any unfair trade practices that are brought up are treated as minor nuisances that will be ironed out as we march towards the glorious globalized economy of the future.  But the truth is that the kind of world trade that is going on today is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Higher Posted: 20 Oct 2010 12:43 AM PDT The euro has gotten a boost over the last hour with the EUR/USD reaching a new session high of 1.3810. If this momentum continues, the next target upward is the 50.0% line at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Harley Meets Expectations Posted: 20 Oct 2010 12:05 AM PDT Harley-Davidson Inc. (NYSE:HOG) posted a 66% rise in profit to $93.7 million or 40 cents per share in the third quarter, up from $56.4 million or 24 cents per share in the same quarter a year ago. The profit was in line with the Zacks Consensus Estimate. The increase in profit was attributable to the company's aggressive restructuring actions, incorporated in its go-forward business strategy, as well as improvement in results from Harley-Davidson Financial Services. Operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Harley Meets Expectations Posted: 20 Oct 2010 12:05 AM PDT Harley-Davidson Inc. (NYSE:HOG) posted a 66% rise in profit to $93.7 million or 40 cents per share in the third quarter, up from $56.4 million or 24 cents per share in the same quarter a year ago. The profit was in line with the Zacks Consensus Estimate. The increase in profit was attributable to the company's aggressive restructuring actions, incorporated in its go-forward business strategy, as well as improvement in results from Harley-Davidson Financial Services. Operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold, Silver And Mining Stocks Set For Short-Term Correction Posted: 20 Oct 2010 12:01 AM PDT Whether you call it a recession, or depression, or deflation, or recovery, for tens of millions of Americans, there's little difference. With the Mid-term elections upon us the odds are that the voters might make the new Congress more conservative. Generally, it is believed that a more conservative government might lean towards self-control in spending (yeah, right), restraint in Keynesian stimulus policies, which means moderating the quantitative easing. In the short term that could … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Plunges On China Interest Rate Hike, Gold Gets Pounded On Dollar Rebound Posted: 19 Oct 2010 11:51 PM PDT Commodities – Energy Crude Oil Plunges on China Interest Rate Hike Crude Oil (WTI) – $80.27 // $0.78 // 0.98% Commentary: Crude oil got slammed in Tuesday's session after China raised interest rates for the first time in three years. The commodity slumped $3.59, or 4.32%, to settle at $79.49. The Chinese central bank increased its benchmark rate by 25 basis points, sending deposit rates to 2.25% and one-year lending rates to 5.56%. Given how overbought crude oil and risk assets in general … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Monsanto Company (MON) Posted: 19 Oct 2010 11:05 PM PDT We are downgrading our recommendation on Monsanto Company (NYSE:MON) from Neutral to Underperform based on the weak results that the company posted for fiscal 2010 with an EPS of $2.41, almost halved from $4.41 in fiscal 2009. The increases in cost were the icing on the cake. We believe this will continue for a substantial period of time based on the slower market recovery. Further, an intensely competitive environment and Monsanto’s huge dependence on a few large customers can lead to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: AmBev Posted: 19 Oct 2010 11:05 PM PDT As disposable incomes of consumers in emerging markets continues to expand, so will their waistlines. That’s good news for AmBev (NYSE:ABV), South America’s largest beverage company. The beer and soft drink maker continues to see strong growth from its home country of Brazil, an emerging market nearly 200 million people strong. The company reported solid second quarter results and analysts have been revising their estimates higher recently, propelling it to a Zacks #1 Rank (Strong Buy) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: RadioShack Corp. (RSH) Posted: 19 Oct 2010 11:05 PM PDT We upgrade our recommendation for RadioShack (NYSE:RSH) to Outperform based on our assessment that the company is likely to improve its earnings in the future reporting quarters as a result of significant boom in the wireless industry. The company is generating massive revenue growth from stronger sales of postpaid wireless business and prepaid wireless handsets and airtime. Emphasis on next-generation smartphones like iPhone 4 also helps RadioShack improving its bottom-line. Its Wireless product … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Tim Hortons, Inc. Posted: 19 Oct 2010 11:05 PM PDT Tim Hortons, Inc. (NYSE:THI) recently hit a new multi-year high at $37.67 after rallying with the market in September. With a bullish next-year estimate and strong industry rank, this Zacks #1 rank stock is a picture of momentum. Company Description Tim Horton’s, Inc. operates quick service restaurants that specialize in coffee and doughnuts in the United States and Canada. The company was founded in 1964 and has a market cap of $6.41 billion. Although THI has been trending higher for most of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Orexigen Therapeutics, Inc Posted: 19 Oct 2010 11:05 PM PDT Orexigen Therapeutics, Inc. (NASDAQ:OREX) has 2 main products that continue to make their way through the FDA approval process. The company also recently entered a deal to commercialize a drug that netted it a $50 million upfront payment. However, shares will be volatile and the estimates are still in the red, but there is a ton of upside for this Zacks #1 Rank (Strong Buy). Company Description Orexigen Therapeutics is a biopharmaceutical company that treats obesity. The company has 2 products in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Trading Plan For Wednesday: Market In A Pullback Mode Posted: 19 Oct 2010 08:50 PM PDT The extreme weakness we have recently seen in the US dollar over the past few months, has led to higher commodity prices which then led to higher prices for those underlying commodity driven stocks.  On Tuesday we saw the biggest rally in the dollar since June so the expected happened.  We saw a mad rush in profit taking in those commodity related stock names and ETFs. The surprise credit tightening by China also helped force money to the sidelines in those names depending on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Aussie Dollar Gets The High-Low Posted: 19 Oct 2010 08:35 PM PDT –Ouch both times. Aussie stocks got hit by the old "high-low" overnight. The "high-low" is a gridiron technique where one man tackles you high and the other tackles you low. The net result is that you get smashed. Granted, a four percent decline in the Aussie dollar versus the greenback doesn't quite constitute a smashing. How bad, then, is the double-helping of unsettling news? –First China. The People's Bank of China raised interest rates for the first time in three years. It … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Wednesday 20 October Posted: 19 Oct 2010 07:57 PM PDT Index gapped down after overnight DJ sell-off. We advised cautious trading for active individuals or stay out of the market for the time being. Resistance seen at 3200. New update : 1) People’s Bank of China lifts deposit rates a quarter of a percentage point : report. 2) Goldman Sachs earns $1.9 billion in third quarter. 3) US housing starts edge upward by 0.3% in September. 4) Dow industrials fall 130 points at open; IBM is top decliner; Apple paces Nasdaq’s slump. 5) Gold declines nearly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Architecture Indexes Back To Pre-Recession Levels Posted: 19 Oct 2010 07:52 PM PDT Washington, D.C. – October 20, 2010 – “For the first time since January 2008, the Architecture Billings Index (ABI) indicated a growth in design activity in September, increasing for the fourth straight month. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.  The American Institute of Architects (AIA) reported the September 2010 (Overall National) ABI score … [visit site to read more] or compare Best Credit Cards and Best CD Rates

‘The Most Frightening Story You Ever Heard’ Posted: 19 Oct 2010 06:17 PM PDT Just in time for Halloween: “Will the National Debt Swallow Us Whole?” a scary video from Our Fiscal Security, a collaborative effort of Demos, the Economic Policy Institute, and The Century Foundation: Trick or … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Wednesday: JDS Uniphase, Yahoo, Rambus, LDK Solar, ReneSola Posted: 19 Oct 2010 06:06 PM PDT ( click to enlarge ) JDS Uniphase Corporation (NASDAQ:JDSU) broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around $10. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are still negative suggesting further possible pressure, only a strong closing again above the top of today could change this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/JPY Lowest Level In A Month Posted: 19 Oct 2010 05:46 PM PDT The EUR/JPY sold off after the Chinese rate hike as EUR/USD fell and USD/JPY remained relatively unchanged as flight to USD and further into JPY on the crosses as the rate hike is perceived to slow Asian growth. The pair had broken through the 38.2% retracement of the move from early September but could find some support at the 100 day mavg (111.30) ahead of the 50% level if the Yen continues its renewed strength against the risk and growth currencies. Also of interest is the trendline … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Dollar Surge And Risk Collapse Send Gold And Oil Tumbling Posted: 19 Oct 2010 05:16 PM PDT North American Commodity Update Commodities – Energy US Oil Breaks Two-Week Congestion as Risk Appetite Stumbles Crude Oil (LS Nymex) – $79.49 // -$3.59 // -4.32% Energy trades have grown accustomed to significant bear swings over the past few weeks; but these intraday declines have generally been restrained to the bounds of congestion between $83.85 and $80.50…until we came to Tuesday's plunge. The 4.3 percent tumble was the biggest daily loss since May 20th on a continuous contract basis; … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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