DailyMarkets.com - Millions Of American Families Won’t Be Able To Heat Their Home This Winter

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• Millions Of American Families Won’t Be Able To Heat Their Home This Winter
• German Industrial Production Falls Unexpectedly
• European Stocks Decline On Financials; DAX Sheds 0.11%
• U.S. Stock Market At A Very Important Juncture This Week
• Stock Chart Of The Day: Patterson-UTI Energy
• Copper On The Verge Of The Biggest Commodities Bull Market
• How Strong Was October’s Nonfarm Payroll Employment Report?
• Outlook For Global Stock Markets
• Forex – Dollar Broadly Higher Buoyed Up By Payrolls Data
• Euro Zone Sentix Investor Confidence Jumps More-than-expected
• Forex Trading: Eurozone Sentix Investor Confidence
• Forex – USD/CHF Advances To 2-day High As Dollar Rallies
• Forex – USD/JPY Edges Down To Hit Daily Low
• Forex – GBP/USD Falls To 2-day Low As Dollar Weakness Subsides
• Asia Stocks Advance As Yen Strengthens; Nikkei Jumps 1.11%
• Forex – EUR/USD Lower As Euro Zone Debt Worries Resurface
• Bull Of The Day: W.W. Grainger (GWW)
• Growth & Income Stock: Albemarle Corp
• Aggressive Growth Stock: TriMas Corp.
• Momentum Stock: CARBO Ceramics Inc.
• Bear Of The Day: Jacobs Engineering (JEC)
• Germany: Trade Data Expected To Bounce Back In Sept As Exports Fuel Germany’s Recovery
• Crude Oil Digests Recent Gains Near 25-Month Highs, Gold Tries To Hold On Despite Dollar Strength
• Forex – EUR/USD Down During The Asian Session
• Crude Oil Prices Must Go Down Due To Swollen Supply In The Market
• Forex – GBP/USD Down During The Asian Session
• Forex Trading: Euro Continues Its Decline
• Three ETFs To Play Amazon And Remain Diversified
• Forex – GBP/JPY Down During The Asian Session
• Stock Market And ETF Outlook: Entering The Seasonal “Best Six Months Of The Year”
• Forex – AUD/USD Down During The Asian Session
• Forex – NZD/USD Down During The Asian Session

Millions Of American Families Won’t Be Able To Heat Their Home This Winter Posted: 08 Nov 2010 03:30 AM PST Will you have a warm house to come home to this winter?  If so, you should consider yourself to be very fortunate. With the United States experiencing the highest levels of long-term unemployment that it has seen since the Great Depression, millions of Americans families are simply out of money.  All across America this winter, families are going to be forced to make some heart breaking decisions.  For many, the choice will come down to either heating their home or putting food on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German Industrial Production Falls Unexpectedly Posted: 08 Nov 2010 03:09 AM PST Forex Pros – Industrial production in Germany fell unexpectedly in September, official data showed on Monday. In a report, Destatis, Germany's federal statistical office said industrial production fell by a seasonally adjusted 0.8% in September, after rising by 1.5% August, whose figure was revised down from 1.7%. Analysts had expected industrial production to rise by 0.4% in September. The report said that year-on-year, German industrial production rose by 7.9% in September, after … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Decline On Financials; DAX Sheds 0.11% Posted: 08 Nov 2010 02:33 AM PST Forex Pros – European stocks were down on Monday, as shares in the financial sector 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 0.36%; France's CAC 40 fell 0.12%; while Germany’s DAX shed 0.11%. In earnings news, shares in Germany's second-largest lender Commerzbank plunged 3.56% after it reported lower-than-expected third-quarter earnings. The lender posted a third-quarter net-income of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Market At A Very Important Juncture This Week Posted: 08 Nov 2010 02:24 AM PST Stocks rose gently like heat waves off a radiator over the past week, as traders guessed, assessed and processed the results of the midterm elections and the Federal Reserve’s decision to try to light a fire under the U.S. economy by buying a $75-billion pile of fresh, new Treasury bonds every 30 days for the next eight months. The major indexes rose 3.5% amid a set of sessions when banks finally found footing, as they were the best performing group, up 1%. Laggards were industrials … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Chart Of The Day: Patterson-UTI Energy Posted: 08 Nov 2010 02:20 AM PST Today’s Chart of the Day is Patterson-UTI Energy (NASDAQ:PTEN). Been consolidating nicely recently and has pulled back to support at MA(20). A stop below MA(20) should do the trick, so the risk/reward ratio looks nice here. However, the reason I actually like this stock is the weekly. It has finally made a move above MA(200) and has been consolidating over it nicely during the last three weeks. As always, it being earnings season, be sure to check on what a stock is reporting before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Copper On The Verge Of The Biggest Commodities Bull Market Posted: 08 Nov 2010 02:09 AM PST The next phase of China’s economic plan is fueling a relentless appetite for electricity, spiking demand for copper. That has moved investors to drive up the price of the metal, as well as the stocks of companies that mine it. Copper has risen 14% this year, with contracts traded on the London Metal Exchange tripling since December 2008. The Bloomberg index of world mining stocks this year has climbed 16% to the highest level since Aug. 1, 2008, driven by miners like Freeport-McMoRan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Strong Was October’s Nonfarm Payroll Employment Report? Posted: 08 Nov 2010 02:03 AM PST The headline job numbers showed what some are touting as proof the economy is on the path to recovery.  The problem is the number was not nearly enough to lower the U-3 unemployment rate and the U-6 un/underemployment and discouraged workers ticked down from 17.1% to 17%.   While this number is positive, the more you dig, the less optimistic one can be. Unfortunately, America is predominately a consumer.  The majority of our GDP is made up of consuming whereas China is building a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Outlook For Global Stock Markets Posted: 08 Nov 2010 01:59 AM PST Dow Jones Industrial The Dow Jones Industrial just broke up of the 11222 resistance level for a new high since April. Next strong resistance should be around the 11800 level. 11222 is now a support level. US market looks good for the near future. Hang Seng Index The Hang Seng Index has also just broke out of the ascending channel. Strong resistance should come in around the 25000 level. Hong Kong market upside seems to be limited for now. Straits Times Index Still trending … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher Buoyed Up By Payrolls Data Posted: 08 Nov 2010 01:50 AM PST Forex Pros – The U.S. dollar was broadly higher against its major rivals on Monday, after Friday's better-than-expected U.S. jobs data eased pressure on the dollar in the wake of the Federal Reserve's asset purchase plan announcement. During European morning trade, the greenback was up against the euro, with EUR/USD tumbling 0.77% to hit 1.3925. Earlier Monday, data showed that investor confidence in the euro zone rose more-than-expected in November. The greenback was also up against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Sentix Investor Confidence Jumps More-than-expected Posted: 08 Nov 2010 01:36 AM PST Forex Pros – Investor confidence in the euro zone rose significantly more-than-expected in November, data showed on Monday. In a report, market research group, Sentix said its index of investor confidence rose to a level of 14.0 in November, after rising to 8.8 in September, whose figure was revised down from 8.5. Analysts had expected the index to increase to a level of 10.1 in November. On the index, a level above 0.0 indicates optimism, below indicates pessimism. Following the release … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone Sentix Investor Confidence Posted: 08 Nov 2010 01:35 AM PST Sentix Investor Confidence came in at 14.0, stronger than the 10.1 expectedand 8.8 prior reading. Eur/Usd has just risen about 10 points to 1.3922 on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Advances To 2-day High As Dollar Rallies Posted: 08 Nov 2010 01:35 AM PST Forex Pros – The U.S. dollar was up against the Swiss franc on Monday, surging to hit a 2-day high as the dollar rallied following Friday's better-than-expected U.S. non-farm payrolls data. USD/CHF hit 0.9681 during European morning trade, the pair's highest since last Thursday; the pair subsequently consolidated at 0.9669, gaining 0.51%. The pair was likely to find support at 0.9547, last Friday's low and resistance at 0.9823, the high of November 3. On Friday, the U.S. Department … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Edges Down To Hit Daily Low Posted: 08 Nov 2010 01:08 AM PST Forex Pros – The U.S. dollar was lower against the yen on Monday, easing down to a daily low after the Bank of Japan said that there were signs of a moderate recovery in Japan's economy. USD/JPY hit 81.12 during early European trade, the daily low; the pair subsequently consolidated at 81.15, shedding 0.15%. The pair was likely to find short-term support at 80.61, last Friday's low and resistance at 81.97, the high of October 27. Earlier in the day, the BOJ said in its November … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Falls To 2-day Low As Dollar Weakness Subsides Posted: 08 Nov 2010 12:15 AM PST Forex Pros – The pound was down against the U.S. dollar on Monday, falling to a 2-day low as broad dollar weakness subsided after Friday's better-than-expected non-farm payrolls data. GBP/USD hit 1.6102 during late Asian trade, the pair's lowest since last Thursday; the pair subsequently consolidated at 1.6154, shedding 0.17%. Cable was likely to find support at 1.6005, the low of November 3 and resistance at 1.6298, last Thursday's high and a 10-month high. On Friday, the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Advance As Yen Strengthens; Nikkei Jumps 1.11% Posted: 08 Nov 2010 12:02 AM PST Forex Pros – Asian stocks advanced on Monday, as commodity-linked shares led markets higher, while Japanese automakers advanced as the yen strengthened against the U.S. dollar. During late Asian trade, Hong Kong’s Hang Seng Index gained 0.34%, South Korea’s Kospi Composite added 0.18%, while Japan's Nikkei 225 Index jumped 1.11%. The Nikkei's gains came as shares in Japan's largest oil refiner JX Holdings saw its shares jump 6.25% after it raised its full-year earnings forecast from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Lower As Euro Zone Debt Worries Resurface Posted: 07 Nov 2010 11:23 PM PST Forex Pros – The euro was down against the U.S. dollar on Monday, falling to hit a 4-day low as the dollar rallied following Friday's strong non-farm payrolls data and as concerns over euro zone sovereign debt resurfaced. EUR/USD hit 1.3920 during late Asian trade, the pair's lowest since November 2; the pair subsequently consolidated at 1.3962, shedding 0.50%. The pair was likely to find support at 1.3806, the low of October 29 and resistance at 1.4248, last Friday's high. On … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: W.W. Grainger (GWW) Posted: 07 Nov 2010 11:05 PM PST W. W. Grainger’s (NYSE:GWW) third quarter adjusted EPS improved 32% year over year to $1.99 and revenues jumped 19% to $1.9 billion, outperforming the respective Zacks Consensus Estimates. For fiscal 2010, Grainger elevated its sales growth guidance to a range of 14%-15% and its EPS guidance to a range of $6.40 to $6.70. Grainger remains focused on expanding its product offering and has the financial flexibility to further invest in growth opportunities, increase dividends and reinvest capital … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Albemarle Corp Posted: 07 Nov 2010 11:05 PM PST Albemarle Corp (NYSE:ALB) continued its strong momentum into the third quarter. The specialty chemical company delivered earnings per share of $1.02, crushing the Zacks Consensus Estimate by 21%. It was the company’s sixth consecutive positive earnings surprise. Management is upbeat about business, and analysts have unanimously revised their estimates for 2010 and 2011 higher, prompting an upgrade to a Zacks #1 Rank (Strong Buy) stock. Despite more than a 30% run up in the share price since early … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: TriMas Corp. Posted: 07 Nov 2010 11:05 PM PST TriMas Corp. (NYSE:TRS) continues its impressive run of earnings surprises and analysts continue to increase estimates after the company released bullish guidance. This Zacks #1 Rank (Strong Buy) is also trading with great valuations, even as it pressures the 52-week high. Company Description TriMas makes engineered and applied products for a variety of industries. The company is broken down into 5 segments; Packaging, Energy, Aerospace & Defense, Engineered Components and Cequent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: CARBO Ceramics Inc. Posted: 07 Nov 2010 11:05 PM PST Strong momentum continues for CARBO Ceramics Inc. (NYSE:CRR) as shares hit a new all-time high after the company posted record third-quarter earnings on Oct 28 that surprised on the Zacks Consensus Estimate by 13%. It was the third beat in a row for this Zacks #2 Rank (buy) as demand remains hot from the oil industry oil for CARBO’s products. CARBO is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells. With natural gas prices in the dumps, its customers have been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Jacobs Engineering (JEC) Posted: 07 Nov 2010 11:05 PM PST We downgrade our recommendation on Jacobs Engineering (NYSE:JEC) from Neutral to Underperform based on the company’s continuous decrease in backlog since the beginning of fiscal 2010, which is expected to negatively affect its top-line results in fiscal 2011. Hence, we reduce our fiscal 2011 estimate by 3 cents. The stock is cyclical in nature, and thus the sluggish economic environment, which has reduced the client’s spending power, was the prime reason for the decrease in backlog. Large … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Germany: Trade Data Expected To Bounce Back In Sept As Exports Fuel Germany’s Recovery Posted: 07 Nov 2010 11:01 PM PST Germany's exports have rebounded nicely following the financial panic in 2008 and the recession. Germany exports have risen 26.8% between August 2009 and August 2010. Imports have climbed an even higher 29.2%. Despite that, exports still make up a larger share of trade. In August 2010, Germany exports €75.1billion, while importing €66.1billion. That amounted to a non seasonally adjusted €9.0billion trade surplus, which was smaller than in June and July. Expectations are for a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Digests Recent Gains Near 25-Month Highs, Gold Tries To Hold On Despite Dollar Strength Posted: 07 Nov 2010 10:51 PM PST Commodities – Energy Crude Oil Digests Recent Gains Near 25-Month Highs Crude Oil (WTI) – $86.92 // $0.07 // 0.08% Commentary: Crude oil is close to unchanged as prices consolidate following five straight days of gains last week. After rising 6.7% last week, prices hit a new 25-month high in overnight trade, but so far crude has been unable to decisively break the May highs near $87.15, which is the top of a 13-month range. The U.S. nonfarm payrolls numbers we got last week were unequivocally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 07 Nov 2010 09:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3962, down 0.51% at time of writing. The pair was likely to find support at 1.3920, today's low, and resistance at 1.4282, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8653 and EUR/JPY falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Prices Must Go Down Due To Swollen Supply In The Market Posted: 07 Nov 2010 09:01 PM PST Despite the recent price surge in crude oil this week, basically going from $81.50 to $87 a barrel within this week–thanks to a Fed’s QE2-induced weak dollar– oil inventories actually added another 2 million barrels build to the current stockpiles. These are the highest inventory levels for crude in 2010 and are just shy of the 370 million mark, which will be punctuated next week with another build in crude stockpiles. (See Stocks Chart from the U.S. EIA) OPEC Compliance – 61% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session Posted: 07 Nov 2010 08:30 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.6120, down 0.40% at time of writing. The pair was likely to find support at 1.6007, Wednesday's low, and resistance at 1.6299, Thursday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8648 and GBP/JPY falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Continues Its Decline Posted: 07 Nov 2010 07:24 PM PST The EUR/USD pair fell for a second straight day on continued concerns over Greece and Ireland. In Greece the political uncertainty surrounding the current elections and in Ireland concerns on whether they can gain support for there budget has dampened demand for the regions assets. On a hourly chart we see the pair broke below the 61.8% retracement of last weeks move higher and now we see the 21hr moving average about to break below the 100hr, continuing the pairs short-term bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three ETFs To Play Amazon And Remain Diversified Posted: 07 Nov 2010 07:17 PM PST As technology companies continue to generate cash and hoard it, some, like Amazon (NASDAQ:AMZN) are looking at acquiring others to broaden their current offerings paving the road to prosperity for the Internet HOLDRs (HHH) the Retail HOLDRs (RTH) and the PowerShares NASDAQ Internet (NASDAQ:PNQI). According to insiders, Amazon, which was sitting on cash and short-term securities of $5.9 billion at the end of September, is currently nearing an agreement to buy Quidsi Inc., owner of Diapers.com and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session Posted: 07 Nov 2010 07:15 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Monday. GBP/JPY was trading at 130.93, down 0.44% at time of writing. The pair was likely to find support at 129.04, Wednesday's low, and resistance at 132.02, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.34% to hit 1.6130 and EUR/GBP falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market And ETF Outlook: Entering The Seasonal “Best Six Months Of The Year” Posted: 07 Nov 2010 07:01 PM PST As expected, last week was momentous in many ways, with the control of the House of Representatives returning to the Republican Party and the announcement of "QE2" by the Federal Reserve. Both were almost foregone conclusions but both will have important ramifications in the weeks and months going forward. Markets reacted strongly to the news and we'll take a look at what it all means and where we might be going from here. The whole situation reminds me of the old movie, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 07 Nov 2010 06:35 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0109, down 0.51% at time of writing. The pair was likely to find support at 0.9894, Wednesday's low, and resistance at 1.0183, Friday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.13% to hit 1.3795 and AUD/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session Posted: 07 Nov 2010 05:50 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday. NZD/USD was trading at 0.7884, down 0.89% at time of writing. The pair was likely to find support at 0.7704, Wednesday's low, and resistance at 0.7976, Thursday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.41% to hit 1.2827 and EUR/NZD rising 0.70% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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