DailyMarkets.com - The Working Poor In America

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• The Working Poor In America
• A Quiet Week Ahead For Stock Market
• Favorite Longs: Energy, Technology, Biotech Stocks
• Stock Ideas For Monday December 27
• Forex – Dollar On The Defensive After China Increases Interest Rates
• Forex – NZD/USD Hits 2-week High Despite China Rate Hike In Thin Trade
• Forex – AUD/USD Erases Losses, Hits 2-day High In Thin, Volatile Trade
• Forex – GBP/USD Falls To 2-day Low In Volatile, Holiday-thinned Trade
• Forex – EUR/USD Hits 3-day High As Markets Take China Rate Hike In Stride
• Momentum Stock: The Cooper Companies, Inc.
• Bear Of The Day: Vulcan Materials Co. (VMC)
• Bull Of The Day: Hormel Foods Corp. (HRL)
• Growth & Income Stock: Accenture Plc
• Aggressive Growth Stock: G-III Apparel Group
• Crude Oil Drops Slightly On China Rate Hike, Gold Digests A 10th Year Of Gains
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Down During The Asian Session
• Forex – USD/CHF Down During The Asian Session
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Up During The Asian Session
• Forex – USD/CAD Up During The Asian Session
• Current Labor Market Recovery And Job Creation Are Outpacing The 1990-91 And 2001 Recoveries
• Forex – AUD/USD Down During The Asian Session
• The Real Thing
• 6 Buy/Sell Techniques Using The True Strength Index (TSI) Indicator
• Forex – EUR/USD Down During The Asian Session
• Stock Investor Sentiment: Extremes Persist

The Working Poor In America Posted: 27 Dec 2010 03:35 AM PST As the middle class in America continues to be slowly wiped out, the number of working poor continues to increase. Today, nearly one out of every three families in the United States is considered to be “low income”. Millions of American families are finding that they can barely make it from month to month even with both parents working as hard as they possibly can. Blue collar American workers from coast to coast are having their wages decreased at a time when it seems like the cost of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Quiet Week Ahead For Stock Market Posted: 27 Dec 2010 03:07 AM PST As we approach the end of 2010, I would like to wish you and your family a very Happy Holiday and healthy, happy and prosperous New Year.  It has beeen my honor and privilege to serve you this year and I look forward to continuing our work together as we face the challenges and opportunities of 2011. This will be a shorter than usual letter due to these shorter than usual business weeks but watch for a special New Year's edition next Sunday as we look ahead to the issues and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Favorite Longs: Energy, Technology, Biotech Stocks Posted: 27 Dec 2010 02:09 AM PST I hope everyone had a great holiday weekend and are now well rested for the upcoming final week of 2010.  I want to thank the many of you who have expressed kind words over the helpful lessons from our stock market community.  Hopefully 2011 pushes the pace in everyone's learning curve as well.  If you haven't already, start joining our live chatroom during market hours.  You can watch many of us in action. Kodiak Oil (KOG) :   The bulls have a firm grasp and have given the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Ideas For Monday December 27 Posted: 27 Dec 2010 02:06 AM PST Here are a few stocks I like heading into next week. My view on the overall market remains the same as last week, so I won’t go into that again. Here is the link to that post. Boston Scientific (NYSE:BSX) – Test of support at 7.50 after breaking out. Suitable for entry only above Friday’s highs. Stop below 7.50. Gentex (NASDAQ:GNTX) – Consolidating nicely, on low volume, after a breakout. Watch out for volume coming in and a move over 30. Inspire Pharmaceuticals (NASDAQ:ISPH) – Broke out of a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar On The Defensive After China Increases Interest Rates Posted: 27 Dec 2010 01:55 AM PST Forex Pros – The U.S. dollar was down against most of its major counterparts on Monday, as trade remained subdued in the run up to the year's end, after China unexpectedly increased interest rates over the weekend in an effort to curb inflation. On Saturday, the People's Bank of China raised its benchmark deposit and lending rates by 25 basis points for the second time since mid-October. The widely expected move was aimed at curbing inflation, which surged to a 28-month high of 5.1% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Hits 2-week High Despite China Rate Hike In Thin Trade Posted: 27 Dec 2010 01:33 AM PST Forex Pros – New Zealand's dollar was up against its U.S. counterpart for the third consecutive day on Monday, rising to hit a 2-week high, as markets took in stride news that China raised its benchmark interest rate over the weekend.      NZD/USD hit 0.7502 during early European trade, the pair's highest since December 15; the pair subsequently consolidated at 0.7488, climbing 0.21%. The pair was likely to find support at 0.7395, the low of December 23, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Erases Losses, Hits 2-day High In Thin, Volatile Trade Posted: 27 Dec 2010 01:19 AM PST Forex Pros – The Australian dollar erased early losses against its U.S. counterpart, rising to hit a 2-day high in thin trade conditions due to the Christmas holiday, despite an unexpected interest rate hike by China over the weekend.  AUD/USD hit 1.0056 during European morning trade, the pair's highest since December 23; the pair subsequently consolidated at 1.0036, jumping 0.34%. The pair was likely to find support at 0.9949, the low of December 22, and resistance at 1.0173, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Falls To 2-day Low In Volatile, Holiday-thinned Trade Posted: 27 Dec 2010 12:17 AM PST Forex Pros – The pound was down against the U.S. dollar on Monday, falling to a 2-day low amid thin trade volume due to the Christmas holiday, following the release of disappointing U.K. housing data.    GBP/USD hit 1.5399 during early European trade, the pair's lowest since December 23; the pair subsequently consolidated at 1.5426, shedding 0.10%. The pair was likely to find support at 1.5356, the low of December 22 and a 3-month low, and resistance at 1.5567, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits 3-day High As Markets Take China Rate Hike In Stride Posted: 26 Dec 2010 11:41 PM PST Forex Pros – The euro was up against the U.S. dollar on Monday in thin trade leading up to the year's end, as currency markets took in stride news that China raised its benchmark interest rate over the weekend.    EUR/USD hit 1.3169 during late Asian trade, the pair's highest since December 22; the pair subsequently consolidated at 1.3160, jumping 0.35%. The pair was likely to find support at 1.3054, the low of December 23, and short-term resistance at 1.3201, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: The Cooper Companies, Inc. Posted: 26 Dec 2010 11:05 PM PST The Cooper Companies Inc. (NYSE:COO) just hit a new multi-year high at $59.11 after reporting an impressive Q4 earnings surprise of 20% in early December. With estimates up on the news and the valuation picture in check, this Zacks #1 rank stock has its sights set on momentum. Company Description The Cooper Companies, Inc., through its subsidiaries, develops and manufactures vision and women’s health products. The company’s products include contact lenses and medical devices like diagnostic and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Vulcan Materials Co. (VMC) Posted: 26 Dec 2010 11:05 PM PST Despite being the largest producer of construction aggregates and a leading producer of other construction materials, Vulcan Materials (NYSE:VMC) faces intense competition and a challenging environment. The nearly stalled construction business has yet to show positive signs of recovery, jeopardizing the prospects of the building materials and other related products markets. In the most recent quarter, Vulcan failed to live up to the Zacks Consensus Estimate of $0.19 per share by posting a profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Hormel Foods Corp. (HRL) Posted: 26 Dec 2010 11:05 PM PST We upgrade our recommendation on Hormel Foods (NYSE:HRL) from Neutral to Outperform based on the expectations of an increase in market demand and food prices in future. Hence, the first quarter and fiscal 2011 Zacks estimate went up by $0.09 and $0.15 per share, respectively. With several acquisitions including the recent Don Miguel, Hormel has been strengthening its position. Acquisitions are likely to be its key growth strategy in future combined with strong liquidity. Although the food market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Accenture Plc Posted: 26 Dec 2010 11:05 PM PST Accenture plc (NYSE:ACN) kept its momentum going and delivered another strong quarter marked by strong revenue growth. Management also revised its guidance higher as it expects 2011 to be another year of solid growth. The company has an outstanding balance sheet and continues to produce excellent cash flows that it has used to reward shareholders through stock buy backs and dividend increases. It is a Zacks #2 Rank (Buy) stock. Another Strong Quarter Accenture recently reported its results for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: G-III Apparel Group Posted: 26 Dec 2010 11:05 PM PST G-III Apparel (NASDAQ:GIII) has been featured as a Zacks Rank Buy several times, but the story just keeps getting better and better. Estimates continue to rise, shares are priced at a discount and the stock is a Zacks #2 Rank (Buy). Company Description G-III Apparel makes clothing for the whole family under several well-known brands. Recognizable names include Tommy Hilfiger, Levi’s, Dockers, Calvin Klein and several others. Another Earnings “Surprise” G-III Apparel has become so accustom to out … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Drops Slightly On China Rate Hike, Gold Digests A 10th Year Of Gains Posted: 26 Dec 2010 10:51 PM PST Commodities – Energy Crude Oil Drops Slightly on China Rate Hike Crude Oil (WTI) – $9.38 // $0.13 // 0.14% Commentary: Crude oil is kicking off the new week to the downside after the People's Bank of China raised rates by 25 basis points over the weekend. Prices are well off the lows, however, as traders use the opportunity to buy. Readers may recall that last week crude oil broke out to a 27-month high after rising for five sessions in a row. Can the streak be kept alive this week? While … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 26 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3132, up 0.13% at time of writing. The pair was likely to find support at 1.3056, Thursday's low, and resistance at 1.3181, Wednesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8512 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session Posted: 26 Dec 2010 09:25 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.5414, down 0.17% at time of writing. The pair was likely to find support at 1.5357, Wednesday's low, and resistance at 1.5494, Wednesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.23% to hit 0.8514 and GBP/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During The Asian Session Posted: 26 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Monday. USD/CHF was trading at 0.9609, down 0.22% at time of writing. The pair was likely to find support at 0.9498, Thursday's low, and resistance at 0.9665, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.11% to hit 1.3128 and USD/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 26 Dec 2010 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Monday. EUR/GBP was trading at 0.8512, up 0.21% at time of writing. The pair was likely to find support at 0.8464, Wednesday's low, and resistance at 0.8526, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3127 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session Posted: 26 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 82.92, up 0.05% at time of writing. The pair was likely to find support at 82.78, Monday's low, and resistance at 83.85, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.05% to hit 1.3121 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The Asian Session Posted: 26 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday. USD/CAD was trading at 1.0085, up 0.09% at time of writing. The pair was likely to find support at 1.0051, Friday's low, and resistance at 1.0178, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.01% to hit 1.3116 and GBP/USD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Current Labor Market Recovery And Job Creation Are Outpacing The 1990-91 And 2001 Recoveries Posted: 26 Dec 2010 07:05 PM PST According to a new study from the Joint Economic Committee based on employment data through November, “the recovery from the Great Recession continues, and is occurring more quickly than the recoveries from the 2001 and 1990-1991 recessions.” Here’s a key excerpt: “Despite the severity of job losses during the Great Recession, the current labor market recovery is outpacing the last two recoveries.  A focus on private-sector job growth during this recovery as compared to the last two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 26 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0017, down 0.29% at time of writing. The pair was likely to find support at 0.9951, Wednesday's low, and resistance at 1.0066, Thursday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.32% to hit 1.3096 and AUD/JPY falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Real Thing Posted: 26 Dec 2010 05:59 PM PST In a commentary for The Fiscal Times, “Cooking the Books: The 2010 Deficit Was $2.1 Trillion,” Bruce Bartlett says what most Financial Armgeddon readers probably know already: If corporate accountants used government rules for their financial statements, they'd be jailed. That's why we rarely see the real number of the federal deficit—a terrifying $2.1 trillion last year.   The most interesting part? This chart (and other data cited by Bartlett) comes from a Treasury report, “A … [visit site to read more] or compare Best Credit Cards and Best CD Rates

6 Buy/Sell Techniques Using The True Strength Index (TSI) Indicator Posted: 26 Dec 2010 05:50 PM PST I have identified no fewer than 6 techniques for using the True Strength Index (TSI) indicator for the accurate generation of Buy/Sell trading decisions. I will present these 6 techniques accompanied by charts and demonstrate their interpretation. *   The 6 techniques are: 1. ZERO Crossover 2. Trend Line Break 3. Positive/Negative Divergence 4. Support/Resistance Line Break 5. Nosebleed/Opposite 6. Moving Average Crossover Let’s first begin with the ZERO Crossover, as it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 26 Dec 2010 05:46 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3103, down 0.08% at time of writing. The pair was likely to find support at 1.3056, Thursday's low, and resistance at 1.3181, Wednesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8506 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Investor Sentiment: Extremes Persist Posted: 25 Dec 2010 01:33 PM PST It doesn’t take a rocket scientist (or Wall Street analyst ~ a downgrade?) to figure out that investors are extremely bullish on the equity markets.  Such extremes in sentiment will usually (85% of the time) lead to better risk adjusted buying opportunities in the future.  In other words, the next best time to be a buyer of equities will be when investors are bearish not bullish as they are now.  The markets don’t have to go down just because everyone is bullish, but if you are a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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