DailyMarkets.com - 2011: Year Of The Yellow Brick Road

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• 2011: Year Of The Yellow Brick Road
• Precious Metals And Stocks Converging To Top Together In January
• Stocks To Watch On Friday: Research In Motion, Citigroup, Microsoft, JPMorgan, Morgan Stanley, AIG, AT&T, Verizon
• Forex – EUR/CHF Down On Economic Data
• Forex – EUR/USD Down On Economic Data
• Euro Zone Unemployment Rate Remains Unchanged
• Forex Trading: Eurozone Unemployment & Final 3Q GDP
• Forex – USD/CHF Down During The European Session
• Forex – USD/JPY Up During The European Session
• Forex – EUR/USD Down During The European Session
• Forex – EUR/USD Down During The European Session
• Forex – GBP/USD Down During The European Session
• Asian Markets Mixed At Close; Nikkei Up 0.11%
• Forex – GBP/CHF Down On Economic Data
• Xoma Partners Servier For XOMA 052
• Growth & Income Stock: Calavo Growers, Inc.
• Bear Of The Day: Hudson City Bancorp (HCBK)
• Momentum Stock: Bed Bath & Beyond Inc.
• Aggressive Growth Stock: Standex International
• Bull Of The Day: Oracle Corp. (ORCL)
• Forex – EUR/USD Down During The Asian Session
• Peru Central Bank Raises Interest Rates 25bps To 3.25%
• Stock Market & ETF News Update: Drowning In Debt (GLD, IEF, UUP, EUO)
• Stock Market Summary For Thursday January 6, 2011
• Forex – GBP/USD Down During The Asian Session
• Forex – USD/CHF Up During The Asian Session
• Crude Oil Sinks As WTI Disconnects From Other Benchmarks, Gold Grinds Lower As Economy Strengthens
• Forex – EUR/GBP Up During The Asian Session
• Top Ten Reasons Trade Is Good For America
• Forex – USD/JPY Up During The Asian Session
• I’ll Be Out Of The Country And Off Grid For The Next Ten Days. Best Wishes To All.
• Forex – USD/CAD Up During The Asian Session
• How The Republican Assault On Health Care Could Backfire On Them
• Forex – AUD/USD Up During The Asian Session
• Forex – EUR/USD Up During The Asian Session
• Forex – EUR/JPY Down During The Asian Session
• Forex Trading: Usd/Jpy Broke Out Of A Daily Channel.
• Forex Trading: Euro Breaks Daily Trendline, Finds Possible Support Around 1.2968

2011: Year Of The Yellow Brick Road Posted: 07 Jan 2011 03:35 AM PST The Wizard of Oz would be proud of our policy makers: perception may be reality when it comes to investor confidence, even if we live in a fairy tale. However, investors that can afford to build a yellow brick road paved with gold may outshine those who build theirs with magic. Let’s enjoy the dream for a moment: the Federal Reserve (Fed) has sprinkled money on the economy, Congress has kept taxes low and we see signs of a recovery. A recovery driven by consumers with more disposable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Precious Metals And Stocks Converging To Top Together In January Posted: 07 Jan 2011 03:30 AM PST In recent articles and forecast updates for my subscribers, I have been preparing them for a top in Precious Metals and US Markets around Mid January.  We may have already seen the intermediate top in Gold and Silver recently, and the SP 500 and US markets are not far behind. There are a few factors I look at to forecast pivot tops and bottoms consistently and a little ahead of the curve when my crystal ball is clear.  I look at Sentiment readings, Elliott Wave patterns (As I view … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Friday: Research In Motion, Citigroup, Microsoft, JPMorgan, Morgan Stanley, AIG, AT&T, Verizon Posted: 07 Jan 2011 03:03 AM PST UK Banks – The FSA's Turner has said the FSA may seek powers to block hostile bank buys. (Sources) UK Tesco – Co. has revamped the leadership of its domestic board ahead of the arrival of its new UK chief executive, according to a co.'s statement. (RTRS) Marks & Spencer – Co. was the subject of takeover speculation yesterday. (FT – More) ENRC – Co. has been in talks about relocating to Switzerland. (Sky News) Smith & Nephew – Co. was said to have rejected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down On Economic Data Posted: 07 Jan 2011 02:50 AM PST Forex Pros – The Euro was lower against the Swiss Franc on Friday after the release of euro zone data on Unemployment Rate. EUR/CHF was trading at 1.2505, down 0.41% at time of writing. The pair was likely to find support at 1.2415, Monday's low, and resistance at 1.2726, Wednesday's high. Earlier in the day, official data showed that The unemployment rate in the euro zone remained unchanged at a seasonally adjusted 10.10% last month from 10.10% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data Posted: 07 Jan 2011 02:20 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on Unemployment Rate. EUR/USD was trading at 1.2989, down 0.11% at time of writing. The pair was likely to find support at 1.2960, today's low, and resistance at 1.3432, Tuesday's high. Earlier in the day, official data showed that The unemployment rate in the euro zone remained unchanged at a seasonally adjusted 10.10% last month from 10.10% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Unemployment Rate Remains Unchanged Posted: 07 Jan 2011 02:05 AM PST The unemployment rate in the euro zone remained unchanged last month, official data showed on Friday. In a report, Eurostat said that the rate of unemployment remained unchanged at a seasonally adjusted 10.10%, from 10.10% in the preceding month. Analysts had expected the unemployment rate to remain unchanged at 10.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone Unemployment & Final 3Q GDP Posted: 07 Jan 2011 02:03 AM PST EZ Unemployment rate remains at 10.1% as expected. Final 3q GDP came in at 0.3%, revised down from  0.4%. Eur/Usd is currently trading 25 points off earlier lows at 1.2985. earlier in the session the pair traded down to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During The European Session Posted: 07 Jan 2011 01:55 AM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday. USD/CHF was trading at 0.9637, down 0.19% at time of writing. The pair was likely to find support at 0.9321, Monday's low, and resistance at 0.9708, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.15% to hit 1.2983 and USD/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The European Session Posted: 07 Jan 2011 01:30 AM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 83.55, up 0.26% at time of writing. The pair was likely to find support at 81.13, Monday's low, and resistance at 83.60, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.2980 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The European Session Posted: 07 Jan 2011 01:05 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2974, down 0.22% at time of writing. The pair was likely to find support at 1.2960, today's low, and resistance at 1.3432, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8405 and EUR/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The European Session Posted: 07 Jan 2011 12:55 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2988, down 0.12% at time of writing. The pair was likely to find support at 1.2960, today's low, and resistance at 1.3432, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8405 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The European Session Posted: 07 Jan 2011 12:10 AM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5458, down 0.11% at time of writing. The pair was likely to find support at 1.5407, today's low, and resistance at 1.5646, Tuesday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8408 and GBP/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asian Markets Mixed At Close; Nikkei Up 0.11% Posted: 06 Jan 2011 11:45 PM PST Forex Pros – Asian stocks were mixed after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index rose 0.11%, Australia's S&P/ASX 200 index shed 0.42%, while Hong Kong's Hang Seng Index was trading 0.41% down. Meanwhile, the outlook for U.S. equity markets was mixed. Dow Jones Industrial Average futures indicated a gain of 0.01%, S&P 500 futures pointed to an increase of 0.01% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Down On Economic Data Posted: 06 Jan 2011 11:40 PM PST Forex Pros – The British Pound was lower against the Swiss Franc on Friday after the release of Swiss data on Unemployment Rate. GBP/CHF was trading at 1.4890, down 0.35% at time of writing. The pair was likely to find support at 1.4441, Monday's low, and resistance at 1.5055, Thursday's high. Earlier in the day, official data showed that The rate of unemployment in Switzerland remained unchanged at a seasonally adjusted 3.60% last month from 3.60% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xoma Partners Servier For XOMA 052 Posted: 06 Jan 2011 11:05 PM PST Xoma Ltd. (NASDAQ:XOMA) received a boost recently as it entered into a development and commercialization agreement for its pipeline candidate XOMA 052 with a privately held French company, Les Laboratories Servier, for an upfront payment of $35 million. XOMA 052 is an anti-inflammatory drug being studied for multiple indications like Behcet’s uveitis, diabetes and cardiovascular diseases. In addition to the $35 million upfront payment, Xoma is also entitled to receive milestone payments of up to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Calavo Growers, Inc. Posted: 06 Jan 2011 11:05 PM PST Calavo Growers, Inc. (NASDAQ:CVGW) recently delivered a 19% positive earnings surprise driven by double-digit sales growth and an expanding gross margin. Analysts unanimously raised their estimates for 2011 following the strong quarter. It is a Zacks #2 Rank (Buy). The stock appears to be reasonably priced, and althought the company is relatively small, it offers an attractive 2.4% dividend yield. Company Description Calavo Growers, Inc. engages in the procurement and marketing of avocados and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Hudson City Bancorp (HCBK) Posted: 06 Jan 2011 11:05 PM PST Hudson City Bancorp’s (NASDAQ:HCBK) third-quarter earnings came a penny behind the Zacks Consensus Estimate, reflecting lower interest margin, increased noninterest expense and a higher provision for loan losses. We expect pressure on earning assets and margin to continue with the low interest rate environment, which is anticipated to persist in the upcoming quarters, thereby dampening investors appetite for this stock. Along with this, the elevated levels of credit costs remain a concern for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Bed Bath & Beyond Inc. Posted: 06 Jan 2011 11:05 PM PST Bed Bath & Beyond Inc. (NASDAQ:BBBY) recently hit a new all-time high at $50.95 on another strong quarter from mid December that included a 12% earnings surprise. With an average earnings surprise of 13% over the last four quarters and a solid 14% growth projection, this Zacks #1 rank stock Company Description Bed Bath & beyond, together with its subsidiaries, operates a chain of retail stores that specializes in a wide range of home appliances and furnishings. The company was founded in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Standex International Posted: 06 Jan 2011 11:05 PM PST Standex International Corp (NYSE:SXI) looks like it should continue to outpace the S&P thanks to upward estimate revisions coupled with cheap valuations. Additionally, this Zacks #1 Rank (Strong Buy) is still expanding its global footprint through acquisition. Company Description Standex makes global manufacturing company operating in 5 different segments from food services to hydraulics. After a recent acquisition, the company has a presence on every continent except Antarctica. A Good … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Oracle Corp. (ORCL) Posted: 06 Jan 2011 11:05 PM PST Oracle Corp’s (NASDAQ:ORCL) second quarter 2011 results outpaced Zacks Consensus Estimates, owing to strength in new software license sales. The company’s robust third quarter 2011 outlook led to a substantial rise in earnings estimates for the third quarter, fiscal 2011 and fiscal 2012 that are up by 6.8%, 5.3% and 5.2%, respectively. Oracle’s acquisition of Sun Microsystems will provide an impetus for growth in fiscal 2011 and beyond with higher top and bottom-line growth along with increased … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 06 Jan 2011 10:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2991, down 0.09% at time of writing. The pair was likely to find support at 1.2969, Thursday's low, and resistance at 1.3432, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8418 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Peru Central Bank Raises Interest Rates 25bps To 3.25% Posted: 06 Jan 2011 09:55 PM PST The Central Reserve Bank of Peru unexpectedly raised interest rates 25 basis points to 3.25% from 3.00%. The Bank noted the move was preventative in nature; driven by rising inflation which has been stoked by rising food and energy prices. The Peruvian economy is expected to have expanded by about 9% in 2010, meanwhile core inflation was 2.1% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market & ETF News Update: Drowning In Debt (GLD, IEF, UUP, EUO) Posted: 06 Jan 2011 09:42 PM PST Everywhere I looked today, the world seemed to be drowning in debt. In Portugal, bond spreads continue to widen as they prepare for a sale on January 12th while next door in Spain, their "D-Day" (debt day) sale comes on January 13th.  France steps up on January 10th with more than $10 billion coming to marke with Italy following on January 11. The Euro fell to the lowest level against the U.S. Dollar in three months in anticipation of next week's auctions while the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Thursday January 6, 2011 Posted: 06 Jan 2011 09:40 PM PST Stocks finished mixed on strong investor participation.  There was buying in Nasdaq Composite stocks but selling in the DJIA and S&P 500 stocks.  Breadth was mixed as well.  With the jobs report due out before tomorrow’s open there could be an increase in volatility.  Volatility has been relatively quiet so far in the New Year.  We are raising the support levels in the major indexes but lowering the resistance level in the DJIA, keeping it the same for the S&P 500, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session Posted: 06 Jan 2011 09:25 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5442, down 0.21% at time of writing. The pair was likely to find support at 1.5434, Monday's low, and resistance at 1.5646, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8412 and GBP/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session Posted: 06 Jan 2011 08:50 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9662, up 0.07% at time of writing. The pair was likely to find support at 0.9321, Monday's low, and resistance at 0.9708, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.12% to hit 1.2988 and USD/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Sinks As WTI Disconnects From Other Benchmarks, Gold Grinds Lower As Economy Strengthens Posted: 06 Jan 2011 08:41 PM PST Commodities – Energy Crude Oil Sinks as WTI Disconnects from Other Benchmarks Crude Oil (WTI) – $88.87 // $0.49 // 0.55% Commentary: Crude oil fell $1.92, or 2.13%, to settle at $88.38. The WTI discount to other crudes grew even wider as Brent only fell $0.98, or 1.03%, to $94.52, while LLS fell $1.17, or 1.2%, to $96.13. At $6.14, WTI's discount to Brent is the widest since late 2008/early 2009, when it got as large as -10.67 (a record). In terms of crude oil generally, we can attribute … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 06 Jan 2011 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Friday. EUR/GBP was trading at 0.8413, up 0.11% at time of writing. The pair was likely to find support at 0.8395, Thursday's low, and resistance at 0.8647, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.2996 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top Ten Reasons Trade Is Good For America Posted: 06 Jan 2011 08:18 PM PST From John Murphy’s original Chamber post, supplemented by Cato’s Dan Ikenson (in bold): 1. The United States is the number one manufacturing nation in the world, and that success depends on exports. And since over half of the total value of U.S. imports consists of "intermediate goods" (products that are used as inputs for further value-added activity), manufacturing success also depends on imports. 2. The United States is the world's number one services exporter and has been since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session Posted: 06 Jan 2011 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 83.34, up 0.001% at time of writing. The pair was likely to find support at 81.13, Monday's low, and resistance at 83.39, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.02% to hit 1.3006 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

I’ll Be Out Of The Country And Off Grid For The Next Ten Days. Best Wishes To All. Posted: 06 Jan 2011 07:12 PM PST I'll be out of the country and off grid for the next ten days. Best wishes to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The Asian Session Posted: 06 Jan 2011 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 0.9970, up 0.03% at time of writing. The pair was likely to find support at 0.9888, Monday's low, and resistance at 1.0034, Tuesday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.08% to hit 1.3013 and GBP/USD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How The Republican Assault On Health Care Could Backfire On Them Posted: 06 Jan 2011 07:08 PM PST When it comes to health care, Republicans should be careful what they wish for.   Their upcoming vote to repeal the health-care law will be largely symbolic — they don't have the votes to override President Obama's certain veto. The real thing happens later, when they try to strip the Department of Health and Human Services of money needed to implement the law's requirement that all Americans buy health insurance. This could easily precipitate a showdown with the White … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The Asian Session Posted: 06 Jan 2011 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday. AUD/USD was trading at 0.9944, up 0.001% at time of writing. The pair was likely to find support at 0.9920, today's low, and resistance at 1.0224, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.11% to hit 1.3093 and AUD/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 06 Jan 2011 06:05 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3008, up 0.04% at time of writing. The pair was likely to find support at 1.2969, Thursday's low, and resistance at 1.3432, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8416 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During The Asian Session Posted: 06 Jan 2011 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Friday. EUR/JPY was trading at 108.30, down 0.06% at time of writing. The pair was likely to find support at 107.80, Monday's low, and resistance at 110.24, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.02% to hit 1.3000 and EUR/GBP rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Usd/Jpy Broke Out Of A Daily Channel. Posted: 06 Jan 2011 05:21 PM PST Here is a daily chart of Usd/Jpy,  which we see here that it broke of a daily channel on Nov 16th and for the next few weeks tested the new support line. The new target after this breakout should be around 86.00 but Usd/Jpy couldn't gain any momentum and found resistance at 84.40 area. If we can see Usd/Jpy trade above 84.50 the next resistance level should be around 85.90-86.25 level while reaching it's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Breaks Daily Trendline, Finds Possible Support Around 1.2968 Posted: 06 Jan 2011 05:19 PM PST EUR/USD made a strong move through an upward trendline which had been showing it support since the middle of May. As you can see below it passed through the line to the downside and then continued through the 200 day moving average, which comes in at 1.30768. The low for the session, 1.29658, comes in just below the 0.0% line (1.2968) on the move from November 4th highs to the low on November 30th. Continued firming of the USD may see it visit 1.29149, a "remember" line which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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