DailyMarkets.com - Stock Market Sentiment Not A Barrier To Further Gains

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• Stock Market Sentiment Not A Barrier To Further Gains
• CSC Grows With Acquisitions
• Rent-A-Center In Neutral Lane
• Forex – EUR/USD Down During The U.S. Session
• “US GDP Is Still Moving In The Right Direction”
• Research In Motion Remains Neutral
• Verizon To Sell 4G Handsets
• Used Home Sales Rise Everywhere
• Orders Flow In For ABB
• Lindsay’s EPS Lags, Revenue In Line
• Forex – AUD/USD Up During The U.S. Session
• Xilinx Slashes Sales Guidance
• Universal Forest Upgraded
• Forex – NZD/USD Down During The U.S. Session
• European Markets Mixed At Close; Dax Down 0.14%
• The Three Financial Trends That Will Define 2011
• Housing Data Shows Housing Recovering From Lows In The Summer
• Pessimistic Player Targets Momenta Pharmaceuticals Put Options
• Copper Tires Raises Mexican Stake
• GDP Revised Up To 2.6%
• Earnings Scorecard: Best Buy
• Australian Dollar: Under Pressure
• Canadian Dollar: Rebound In Sight
• Simple Trading Lessons From Netflix’s Recent Doubling In Stock Price
• RHT’s Revenue Beats, EPS In Line
• Cintas’ EPS Meets, Revenue Beats
• Forex – EUR/USD Down At The End Of European Session
• Nike Beats On Strong Top Line
• Boeing Gets Satellite Contract
• Fresenius Provides Safety Tips
• MoneyGram Spreads Out In India
• Noble Adjoins Two New Jackups
• INCY’s INC424 Meets Goal
• Crude Rises On Economic Recovery Hopes
• Bond Prices Struggle To Find Direction In Listless Trading
• Forex – Dollar Mixed Vs. Rivals After U.S. Economic Data
• Walgreen Co. Fiscal 1Q Profit Jumps
• US GDP Release Misses Expectations, But USD Still Stronger Vs EUR, GBP
• Forex – EUR/USD Erases Gains, Falls To Daily Low On Debt Concerns
• Forex – GBP/USD Extends Losses, Tumbles To Fresh 3-month Low
• Opening Bell Market Monitor: NAV, WAG, NKE
• FX Levels And Outlooks 12.22.2010 – USD/CAD AUD/USD Gold
• U.S. Stocks Mixed After The Open; Dow Jones Up 0.02%
• Why Obama Wins On Foreign Policy And Gays But Loses On Economics And Taxes
• Forex – EUR/JPY Tumbles To 3-week Low As Euro Zone Debt Fears Linger
• Racing Against The Hedge Funds

Stock Market Sentiment Not A Barrier To Further Gains Posted: 22 Dec 2010 11:53 AM PST There are currently several reasons to be concerned about the stock market, from debt problems in Europe to slowing technical momentum. However, if investor sentiment is currently at the top of your list of concerns, you may want to bump it down a few notches. Stock market sentiment relative to a bullish or bearish outlook can be used as a contrary indicator for stock prices when it reaches extremes. If you follow the markets closely, you have run into an article or two making the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CSC Grows With Acquisitions Posted: 22 Dec 2010 11:35 AM PST Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has taken over CenTauri Solutions LLC. Financial terms of the deal were not divulged. Alexandria, Virginia-based CenTauri supplies a variety of information technology, engineering, systems integration, and intelligence, surveillance and reconnaissance ("ISR") solutions to customers within the national security and intelligence communities. The company achieved a three-year growth rate of 810.0%, which enlisted it under the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rent-A-Center In Neutral Lane Posted: 22 Dec 2010 11:35 AM PST Rent-A-Center Inc. (NASDAQ:RCII) is one of the largest rent-to-own operators in the U.S. and leverages an extensive network of about 3,000 stores to effectively penetrate its target markets, and gain a competitive advantage over its competitors, such as Aaron's Inc. (AAN), and Advance America. The company is taking prudent steps to optimize rental merchandise levels in accordance with sales trends. Rent-A-Center implemented a centralized inventory management system, including automated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session Posted: 22 Dec 2010 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3084, down 0.12% at time of writing. The pair was likely to find support at 1.3074, Tuesday's low, and resistance at 1.3359, Friday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.55% to hit 0.8514 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“US GDP Is Still Moving In The Right Direction” Posted: 22 Dec 2010 11:07 AM PST 12/22/10 ICAP’s Kenneth Polcari weighs in on US 3Q GDP, and expectations for the rest of the trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Research In Motion Remains Neutral Posted: 22 Dec 2010 11:05 AM PST Research In Motion Ltd. (NASDAQ:RIMM) exceeded the Zacks Consensus Estimates in its third quarter of fiscal 2011. The company performed very well with respect to several operating metrics like (1) revenue (2) EPS (3) margins (4) total number of BlackBerry phones shipment. According to our view, the global smartphone market is largely untapped providing a huge opportunity to Research In Motion to sustain its near-term growth. The strong brand value of BlackBerry is expected to keep the earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Verizon To Sell 4G Handsets Posted: 22 Dec 2010 11:05 AM PST Verizon Wireless, a joint venture between Verizon Communications Inc. (NYSE:VOD), will sell Motorola Inc.'s (NYSE:MOT) smartphones in 2011 supported by its fourth generation (4G) network. In October, the company stated its intention to introduce six 4G devices in January 2011, including smartphones and tablets. Verizon started deploying its high-speed Long-Term Evolution or LTE network earlier this month with average download speed more than five-times faster than the company's 3G network. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Used Home Sales Rise Everywhere Posted: 22 Dec 2010 11:05 AM PST In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million was inflated as everyone was rushing to get the deals done before they thought the first-time buyer tax credit would expire. The tax credit was unexpectedly extended (and expanded) at the last minute. Thus, take the year-over-year decline with a grain of salt. The October sales rate was slightly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Orders Flow In For ABB Posted: 22 Dec 2010 10:35 AM PST ABB Ltd. (NYSE:ABB) recently received a number of impressive orders, the most recent one being a $39 million order from the Saudi Electricity Company (SEC) to upgrade the power transmission and distribution system in the Eastern region of Saudi Arabia. The SEC, Saudi Arabia's national provider of electricity, is engaged in improving the efficiency of its power distribution system to minimize wastage of electricity and provide a stable and good power supply. In order to achieve this, ABB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lindsay’s EPS Lags, Revenue In Line Posted: 22 Dec 2010 10:35 AM PST Lindsay Corporation (NYSE:LNN) delivered an EPS of 34 cents in its fiscal 2011 first quarter ended November 30, 2010, falling short of the Zacks Consensus Estimate of 49 cents and a 36% decline from 53 cents in the year-ago quarter. The decline was due to decline in infrastructure revenues and increase in  operating expenses which offset increase in irrigation revenues.   Total revenues in the quarter were $89.2 million, up 4% year over year and in line with the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session Posted: 22 Dec 2010 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9990, up 0.11% at time of writing. The pair was likely to find support at 0.9841, Friday's low, and resistance at 1.0010, today's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.25% to hit 1.3097 and AUD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xilinx Slashes Sales Guidance Posted: 22 Dec 2010 10:05 AM PST California based chipmaker Xilinx, Inc. (NASDAQ:XLNX) recently decreased its guidance for the December quarter. Xilinx now expects sales for the December quarter to decline by approximately 7% – 9% sequentially compared to the previous guidance of sales being flat to down 4% sequentially. The new guidance implies sales between $563.9 million – $576.3 million, down from the previous guidance of $594.9 – $619.7 million and the Zacks Consensus Estimate of $605 million. Xilinx slashed its sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Universal Forest Upgraded Posted: 22 Dec 2010 10:05 AM PST We recently upgraded Universal Forest Products Inc. (NASDAQ:UFPI) from Underperform to a Neutral recommendation. The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built construction (homebuilders), manufactured housing, and industrial markets. The recent economic crisis had a drastic impact on Universal Forest's financial due to its heavy exposure to the U.S. housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session Posted: 22 Dec 2010 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7421, down 0.28% at time of writing. The pair was likely to find support at 0.7347, Monday's low, and resistance at 0.7485, Tuesday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.49% to hit 1.3476 and EUR/NZD rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Down 0.14% Posted: 22 Dec 2010 09:55 AM PST Forex Pros – European stocks were mixed after the closing bell on Wednesday. At the close of European trade, Germany's DAX fell 0.14%, London's FTSE 100 gained 0.53%, France's CAC 40 declined 0.20% and the EURO STOXX 50 was down 0.26%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.26%; the S&P 500 index gained 0.36%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Three Financial Trends That Will Define 2011 Posted: 22 Dec 2010 09:52 AM PST It's that time of the year when analysts and economics make financial predictions for the year ahead. And it is time for me to throw in my two cents' worth as well. I believe that four financial trends will shape and define 2011. Here they are: Gold will rise in price again in 2011. Gold stocks will be amongst the best stock sectors for investors in 2011. As I sit down to write PROFIT CONFIDENTIAL this morning, the price of gold bullion is up 27% for 2010. Many of the gold stocks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Housing Data Shows Housing Recovering From Lows In The Summer Posted: 22 Dec 2010 09:42 AM PST Good report for existing home sales as we saw the pace pick up from our low levels during the summer months. November saw a 4.68 million annual rate, just shy of estimates, but still a marked improvement from the 4.43M we saw in October. Inventories of unsold homes stand at 9.5 months worth. $(“#historyChart1″).indicatorChart({ ‘indicator’: 79, ‘country’: ‘USA’ }); From the Release: "Existing-home sales got back on an upward path in November, resuming a growth trend … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pessimistic Player Targets Momenta Pharmaceuticals Put Options Posted: 22 Dec 2010 09:40 AM PST Pessimistic player targets Momenta Pharmaceuticals put options Today’s tickers: MNTA, ODP, AA & CVBF Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) – Shares of the biotechnology company are currently down 1.00% to stand at $15.09 as of 10:50am in New York, but near-term put activity on the drug maker this morning indicates one strategist is positioning for the price of the underlying stock to collapse ahead of expiration day next month. Earlier this week, analysts at Goldman Sachs rated Momenta … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Copper Tires Raises Mexican Stake Posted: 22 Dec 2010 09:35 AM PST Cooper Tire & Rubber Company (NYSE:CTB) revealed that it will increase its ownership in two of its affiliated Mexico operations. Firstly, Cooper Tire will raise its ownership stake in Corporacion de Occidente SA de CV., to 58% from 38%. Upon completion of the deal in January 1, 2011, the Mexican entity will be fully consolidated in the company’s financial results starting in 2011. Secondly, Cooper Tire will fully acquire Cooper Tire & Rubber Company de Mexico SA de CV by purchasing the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GDP Revised Up To 2.6% Posted: 22 Dec 2010 09:35 AM PST This is essentially a repost of the report when the second look at third-quarter GDP growth came out on November 23rd. I have put the new revised contributions to (or drags on) growth in bold, with the original numbers immediately following in parenthesis (the 11/23 numbers first in italics, the first cut numbers that were released on October 27th follow in normal typeface). This will allow you to immediately see where the change is coming from, as well as how the third quarter was different … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Best Buy Posted: 22 Dec 2010 09:35 AM PST Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently posted lower-than-expected third-quarter 2011 results and lowers its full-year outlook. Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions and the Zacks Rank as well as long-term recommendation for the stock. Earnings Report Review Best Buy's quarterly earnings of 54 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure Posted: 22 Dec 2010 09:21 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Rebound In Sight Posted: 22 Dec 2010 09:21 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Simple Trading Lessons From Netflix’s Recent Doubling In Stock Price Posted: 22 Dec 2010 09:17 AM PST Netflix (NFLX) has been showing up frequently on many trading radars, and for good reason – the stock has doubled from $100 to $200 from August to December, and it did so within a stable uptrending structure that allowed for low-risk entries – either from a retracement standpoint or a breakout move – into the persistent uptrend. Let's focus on that period of time to learn a few easy lessons on trading tactics during a stable uptrending move in a high-flying stock – lessons you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RHT’s Revenue Beats, EPS In Line Posted: 22 Dec 2010 09:05 AM PST A leading open source solutions provider, Red Hat Inc. (NYSE:RHT) reported third quarter fiscal 2011 earnings (including share based compensation but excluding amortization and litigation expenses) of 15 cents per share, in line with the Zacks Consensus Estimate. However, revenues of $235.6 million were above the Zacks Consensus Estimate of $227.0 million. Despite this, the shares fell 2.67% ($1.28) and closed at $46.60 in after hours trading. The results were driven by strong organic revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cintas’ EPS Meets, Revenue Beats Posted: 22 Dec 2010 09:05 AM PST Cintas Corporation (NASDAQ:CTAS) announced its second-quarter fiscal 2011 results with operating earnings of 38 cents per share, in line with the Zacks Consensus Estimate but a cent below the operating earnings of 39 cents per share in the year-ago quarter. The year-ago quarter excluded a legal settlement, net of insurance proceeds, of 2 cents per share. Including this, earnings per share in the year-ago quarter were 37 cents. Total Revenue Cintas' total operating revenue for second-quarter fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 22 Dec 2010 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3089, down 0.08% at time of writing. The pair was likely to find support at 1.3074, Tuesday's low, and resistance at 1.3359, Friday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8505 and EUR/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nike Beats On Strong Top Line Posted: 22 Dec 2010 08:41 AM PST Nike Inc. (NYSE:NKE) posted strong fiscal 2011 second-quarter earnings of 94 cents per share, reflecting a growth of 24% from the year-ago earnings of 76 cents. Earnings for the quarter also surpassed the Zacks Consensus Estimate of 88 cents. Healthy top line growth coupled with higher gross margin and effective inventory management were the key highlights of the quarter. Quarterly Details Despite macroeconomic headwinds, Nike's total revenue grew 10% to $4,842 million from $4,405 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing Gets Satellite Contract Posted: 22 Dec 2010 08:40 AM PST The Mexican government has awarded a contract worth $1 billion to The Boeing Company (NYSE:BA) to provide a satellite system for national security and civil telecommunications. MEXSAT, end-to-end satellite communications system, is the fourth generation of satellites. MEXSAT will include three satellites, two ground sites, network operations systems and reference user terminals and provide secure communications. The first satellites launch dates back to 1985. With this contract, Boeing's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fresenius Provides Safety Tips Posted: 22 Dec 2010 08:40 AM PST Fresenius Medical Care North America ("FMCNA"), a part of Fresenius Medical Care (NYSE:FMS), recently reminded patients undergoing dialysis treatment to take safety precautions, so that they are not taken by surprise when inclement winter weather paralyses life in their locality. Dialysis is a life-preserving treatment that removes waste material from the blood and controls the physical chemistry on the event of kidney failure. Patients on dialysis typically need ongoing treatment unless they … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MoneyGram Spreads Out In India Posted: 22 Dec 2010 08:40 AM PST Expanding its presence in India for over a decade, on December 15, MoneyGram International Inc. (NYSE:MGI) announced the addition of 4,200 locations in India through alliances with the country's premier nationalized banks such as Bank of Baroda, Axis Bank and Vijaya Bank. By virtue of these alliances, MoneyGram now enjoys a strong money transfer network of 30,000 locations through 26 banks across India. The expansion of the money transfer network is an attempt to tap the leading and rapidly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Noble Adjoins Two New Jackups Posted: 22 Dec 2010 08:40 AM PST Noble Corporation (NYSE:NE) has decided to add two new rigs to its jackup portfolio. It will spend approximately $440 million for the construction of these heavy-duty, harsh-environment jackup drilling rigs. The new rigs bring Noble's jackup size to 45 and the total fleet to 65 offshore drilling units. Each unit will cost $220 million. The first unit is expected to come online in the fourth quarter of 2012 and the other one in the second quarter of 2013. The jackups will be able to operate in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

INCY’s INC424 Meets Goal Posted: 22 Dec 2010 08:40 AM PST Recently, Incyte Corporation (NASDAQ:INCY) announced positive top-line data on pipeline candidate INCB18424 (also known as INC424) from a pivotal phase III trial, COMFORT-I. COMFORT-I was conducted to study INCB18424 for the treatment of patients with myelofibrosis (MF), a rare bone marrow disorder. The study met both the primary and secondary endpoints with high statistical significance.The trial was conducted under the US Food and Drug Administration's (FDA) Special Protocol Assessment (SPA) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises On Economic Recovery Hopes Posted: 22 Dec 2010 08:36 AM PST 12/22/10 Crude rises for the fourth consecutive session on speculation the US economy will spur fuel … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bond Prices Struggle To Find Direction In Listless Trading Posted: 22 Dec 2010 08:18 AM PST Investors don’t seem to be driving markets too far in either direction and after little by way of surprise to a report showing the pace of U.S. output, traders have little impetus to push much further. Yields still appear elevated after a 40 basis point surge since politicians agreed an extension for tax cuts. Curve movement remains limited although the weight of warnings from credit ratings agencies over possible further downgrades for European sovereigns is pushing core German yields down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After U.S. Economic Data Posted: 22 Dec 2010 08:16 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, after the release of U.S. data on third quarter gross domestic product and existing home sales.     During European morning trade, the greenback was up against the euro, with EUR/USD sliding 0.07% to hit 1.3090. Earlier in the day, a report in Portugal's leading financial newspaper Jornal de Negocios said that China was planning to purchase between EUR4 billion and EUR5 billion of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Walgreen Co. Fiscal 1Q Profit Jumps Posted: 22 Dec 2010 03:06 AM PST 12/22/10 The Walgreen Co. says that its profit jumped 18.8% in the fiscal 1Q on better pricing and generic drug … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US GDP Release Misses Expectations, But USD Still Stronger Vs EUR, GBP Posted: 22 Dec 2010 07:54 AM PST US GDP Misses Expectations, Still Better at 2.6% Annualized Rate The third version of the US GDP release for the 3rd quarter undershot expectations but still shows a US economy that is picking up growth on the back of stronger consumer spending. There had been a build up to this report, with the consensus forecast coming in at around 2.8%. Instead we got a smaller increase to 2.6% from the preliminary estimate of 2.5%. $(“#historyChart”).indicatorChart({ ‘indicator’: 97, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Gains, Falls To Daily Low On Debt Concerns Posted: 22 Dec 2010 07:54 AM PST Forex Pros – The euro erased gains against the U.S. dollar on Wednesday, falling to a fresh daily high, as lingering fears over the fiscal health of peripheral euro zone nations kept the single currency on the defensive. EUR/USD hit 1.3079 during early U.S. trade, a fresh daily low; the pair subsequently consolidated at 1.3095, shedding 0.03%. The pair was likely to find support at 1.3059, the low of December 2, and short-term resistance at 1.3201, Tuesday's high. Lingering fears over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Extends Losses, Tumbles To Fresh 3-month Low Posted: 22 Dec 2010 07:39 AM PST Forex Pros – The pound extended losses against the U.S. dollar on Wednesday, tumbling to a fresh 3-month low, following the release of worse-than-expected data on its gross domestic product and current account.    GBP/USD hit 1.5375 during early U.S. trade, the pair's lowest since September 14; the pair subsequently consolidated at 1.5395, tumbling 0.47%. The pair was likely to find support at 1.5347, the low of September 14, and resistance at 1.5567, Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: NAV, WAG, NKE Posted: 22 Dec 2010 02:36 AM PST 12/22/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 12.22.2010 – USD/CAD AUD/USD Gold Posted: 22 Dec 2010 07:29 AM PST USD/CAD – Double Top Below 1.02Resistance 1: 1.020; R2 1.0260 Support pivot 1: 1.0150; S2: 1.0100 - The USD/CAD did not rally above 1.02 as anticipated. Instead, the second scenario, a double top materialized. The market is bouncing from pivots now. After the double top, the market tested a rising trendline, and rejected an attempt to break below 1.0100-1.0110 support area. - However, it is also held below 1.0175, which is 61.8% retracement of the run down from 1.0290 to 1.00.  The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Mixed After The Open; Dow Jones Up 0.02% Posted: 22 Dec 2010 07:29 AM PST Forex Pros – U.S. stocks were mixed after the open on Wednesday, as downbeat data on U.S. gross domestic product and existing home sales weighed on market sentiment. During early U.S. trade, the Dow Jones Industrial Average rose 0.02%; the S&P 500 index climbed 0.10%, while the Nasdaq Composite index shed 0.10%. Earlier in the day, the U.S. Bureau of Economic Analysis said in a report that gross domestic product grew less-than-expected in the third quarter, rising by 2.6%, up from a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why Obama Wins On Foreign Policy And Gays But Loses On Economics And Taxes Posted: 22 Dec 2010 07:23 AM PST Two important victories for President Obama this week — the New Start anti-ballistic missile treaty with Russia to reduce weapons and re-start inspections, and the end of Don't Ask Don't Tell after a 17-year ban on gays in the military. Why have Senate Republicans been willing to break ranks on these two, while not a single Republican went along with Obama's plan to extend the Bush tax cuts on the first $250,000 of income? Why has Obama consistently caved on economic and taxes, but held … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Tumbles To 3-week Low As Euro Zone Debt Fears Linger Posted: 22 Dec 2010 07:07 AM PST Forex Pros – The euro tumbled to a 3-week low against the yen on Wednesday, as lingering fears over the fiscal health of peripheral euro zone nations kept the single currency on the defensive. EUR/JPY hit 109.35 during European afternoon trade, the pair's lowest since December 1; the pair subsequently consolidated at 109.41, shedding 0.28%. The pair was likely to find support at 108.39, the low of December 1, and resistance at 110.48, Tuesday's high. Lingering fears over the fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Racing Against The Hedge Funds Posted: 21 Dec 2010 10:49 AM PST I was interested to read that hedge funds have found the past year as trying as I did. The headline on Marketwatch.com was In risk-on, risk-off year, hedge funds come up short” and the lead paragraph stated that “Several of the largest hedge funds lagged the return on equities and bonds this year as big market swings combined with massive monetary stimulus to disrupt trading strategies.?” An index of managers compiled by Chicago-based Hedge Fund Research Inc. rose 7.11% this year, through the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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