Wednesday, January 5, 2011

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DailyMarkets.com - Get Double Cashback On Gas & Restaurants With The Discover Student Open Road Credit Card

Get Double Cashback On Gas & Restaurants With The Discover Student Open Road Credit Card

Posted: 05 Jan 2011 07:35 AM PST

If you are student, having a student credit card has many advantages. Unlike a debit card, student credit cards can help you build a credit history, and if you make purchases with it and pay your bills on time, you will build a good credit score over time, which is essential when you want to apply for loans or get a job in the future.

Are you a student who drives around a lot and eat out most of the time, either in fast food restaurants, cafeterias or other places? If that’s the case, you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Wednesday: GM, Ford, Microsoft, Google, JP Morgan, HSBC

Posted: 05 Jan 2011 07:11 AM PST

U.S. stocks fell yesterday, with the S&P 500 Index retreating from the highest level since September 2008, as a stronger dollar weighed on prices of commodities and the shares of the companies that produce them. Stocks pared losses as minutes from the last Federal Reserve meeting said the economic recovery wasn't strong enough to scale back a second round of quantitative easing. Newmont Mining, the largest U.S. gold producer, declined 3.3%.

The dollar is stronger across the board … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BSX Completes Sadra Acquisition

Posted: 05 Jan 2011 06:35 AM PST

Leading medical devices player, Boston Scientific (NYSE:BSX) has completed the acquisition of Sadra Medical, a development stage company. Earlier, in November 2010, the company had announced its intention to acquire remaining stake at Sadra Medical. Based on the company's current 14% stake in Sadra, Boston Scientific has paid $193 million to acquire the remaining 86% in addition to $193 million on achievement of certain milestones through 2016. The deal will dilute earnings by 1-2 cents for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Walgreen

Posted: 05 Jan 2011 06:35 AM PST

Subsequent to the announcement of Walgreen's (NYSE:WAG) first quarter of fiscal 2011 results on December 22, 2010, majority of the analysts have raised their estimates for the forthcoming period.
Previous Quarter Highlights
Walgreenreported first-quarter fiscal 2011 (ended November 30) EPS of 62 cents, comfortably beating the Zacks Consensus Estimate of 54 cents and the year-ago earnings of 49 cents. The year-ago quarter's results include 3 cents per share in restructuring charges associated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Family Dollar Misses, Earnings Up

Posted: 05 Jan 2011 06:35 AM PST

Family Dollar Stores Inc. (NYSE:FDO) recently posted lower-than-expected first-quarter 2011 results. The quarterly earnings of 58 cents a share missed the Zacks Consensus Estimate of 61 cents, but jumped 18.4% from 49 cents earned in the prior-year quarter due to healthy sales witnessed in the Consumables category.
The Zacks Consensus Estimate had remained stagnant over the last 30 days with only one out of 23 analysts having revised their estimate upwards, which had no material impact on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 05 Jan 2011 06:21 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 05 Jan 2011 06:21 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Rebound Expected

Posted: 05 Jan 2011 06:21 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure

Posted: 05 Jan 2011 06:21 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Rebound

Posted: 05 Jan 2011 06:21 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Rebound

Posted: 05 Jan 2011 06:21 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Quality” Not “Quantity” Sending Wheat Prices Higher

Posted: 05 Jan 2011 06:20 AM PST

Today’s Idea
The concerns over the potential global supplies of high quality milling Wheat would seem to favor the Hard Red Wheat futures contracts traded in Minneapolis and Kansas City over the Soft Red Wheat traded in Chicago. Given the potential volatility increase we could see in this Wheat “weather” market, some bullish traders may wish to explore the purchase of a bull call spread in either Kansas City or Minneapolis Wheat futures options. For example, with March Kansas City Wheat futures … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.5.2011 – GBP/JPY EUR/JPY EUR/GBP

Posted: 05 Jan 2011 06:17 AM PST

GBP/JPY to Complete Wave 5
Resistance 1: 129.50; R2: 131.15-20 (61.8% retracement); R3: 131.00
Support 1: 128.50; S2: 127-127.35

- The bullish impulse wave scenario from last night materialized, without coming down to test 127. The market then broke above the 128.50/60 high from yesterday.
- The RSI is again rising above 70. These are signs of bullish continuation, but the market may be exhausted in the short-term. If the 4H candle can close above the 129.00 level, it should be able to test … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADP: +270k Jobs In Dec., Largest Gain On Record

Posted: 05 Jan 2011 06:09 AM PST

NEW YORK (CNNMoney) — “Private sector payrolls soared 297,000 in December, payroll processor ADP announced Wednesday.The gain marks the 11th consecutive month of increases, and was much larger than economists had expected. Economists surveyed by Briefing.com were forecasting an increase of 100,000 jobs.  

The increase in hiring was led by the services sector, with employers adding 270,000 jobs in December. That’s the highest jump on record, ADP said. That’s a positive sign for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Erases Gains As Canadian Producer Prices Surge

Posted: 05 Jan 2011 06:06 AM PST

Forex Pros – The U.S. dollar erased gains against its Canadian counterpart on Wednesday, falling to a fresh daily low after official data showed that Canadian producer prices jumped more-than-expected in November.

USD/CAD retreated from 1.0022, the daily high, to hit 0.9959 during European afternoon trade, shedding 0.22%.

The pair was likely to find support at 0.9915, Tuesday's low and resistance at 1.0033, Tuesday's high.

Statistics Canada said that said the raw materials purchase … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forest’s COPD Candidate Delivers

Posted: 05 Jan 2011 06:05 AM PST

Forest Laboratories, Inc. (NYSE:FRX) and Almirall recently announced positive top line data on their chronic obstructive pulmonary disease (COPD) candidate, aclidinium bromide. Results were presented from a pivotal phase III study (ATTAIN) that compared the safety and efficacy of aclidinium bromide (200μg and 400μg dosed twice daily) with placebo.
Study Results
Results from the six month double-blind placebo-controlled study, which was conducted in 828 patients with moderate to severe COPD, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Education Realty To Offer Shares

Posted: 05 Jan 2011 06:05 AM PST

Education Realty Trust Inc. (NYSE:EDR), a real estate investment trust (REIT) that owns, develops, and operates collegiate housing properties across the U.S., has recently announced its offer of 9.5 million common shares to raise cash and increase its liquidity. The company will also grant the underwriters an option to purchase an additional 1.4 million shares to cover any over-allotments.
Education Realty expects to utilize the proceeds from the secondary offering to repay debt, fund its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Moves Toward Key 100 Day MA

Posted: 05 Jan 2011 05:51 AM PST

The 83.13 level is shaping up as a key level for the USDJPY on its move to the upside today. It is the key 100 day MA and the 61.8% of the move down from the December high to the low.  The high reached 83.06 but have seen some profit taking selling.  ON the downside if the 82.87 area can contain the correction (the BOJ intervention level), the market should be encouraged and look to make a test of the key level (and perhaps a break).
Longer term for the USDJPY, the high for December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Euro Reverses Losses Against Yen, Swiss Franc After U.S. Data

Posted: 05 Jan 2011 05:46 AM PST

Forex Pros – The euro erased losses against the yen and the Swiss franc on Wednesday, after market sentiment was boosted by industry data showing that U.S. non-farm payrolls jumped in December.

EUR/JPY clawed up from 108.51, the pair's lowest since Monday, to hit 109.25 during European afternoon trade, gaining 0.08%.

The pair was likely to find support at 107.78, Monday's low and resistance at 109.6, the high of December 23.

In a report, payroll processing firm ADP said non-farm … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADP Employment Change Shows Sharp 297K Gain

Posted: 05 Jan 2011 05:43 AM PST

The string of good reports for the US economy continue. Automatic Data Processing (ADP) Inc's employment report showed employment in the private sector expanding by 297K in December. That's almost triple expectations of a 100K gain. Services producing sector led the way with 270,000 added jobs. This bolsters the hope for Friday's Non-Farm Paryoll report, where forecasts are calling for a 140K gain for the month.
This follows our ISM Manufacturing index on Monday and Factory Orders … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Approached 100 Hour MA At 1.5514

Posted: 05 Jan 2011 05:43 AM PST

The 100 hour MA comes in at the 1.5514 level. The GBPUSD is approaching this target level. The 50% of the move up from the December 27th low to the high comes in at the 1.5501 level. These are key targets that if broken signal even more bearish potential for the shorts
On the topside watch to see if the 1.5326-34 level contain … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian RMPI Rises More-than-expected In November

Posted: 05 Jan 2011 05:38 AM PST

Forex Pros – Canada’s raw materials price index rose significantly more-than-expected in November, official data showed on Wednesday.

In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 3.5% in November, after increasing by 2.1% in October, whose figure was revised from up from 1.7%.

Analysts had expected the raw materials purchase price index to rise by 2.2% in November.

The report said the increase was due to higher prices for mineral … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Lots Upgraded

Posted: 05 Jan 2011 05:35 AM PST

We recently upgraded our recommendation on Big Lots Inc. (NYSE:BIG) to ‘Neutral’ with a price target of $32.00. Earlier, we had an ‘Underperform’ rating on the stock.The company is the largest broad-line closeout retailer with an annual turnover of more than $4 billion.
Big Lots buys brand merchandise at lower costs from vendors who have excess inventory and resort to a fire sale of their goods or have higher sales returns or discontinued products.The closeout format provides it an edge over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Plunges To 5-day Low After ADP Payrolls Leap

Posted: 05 Jan 2011 05:35 AM PST

Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, plunging to a five-day low, following industry data showing that U.S. non-farm payrolls jumped in December.

EUR/USD hit 1.3169 during European afternoon trade, the pair's lowest since December 29; the pair subsequently consolidated at 1.3182, plummeting 0.95%.

The pair was likely to find support at 1.3082, the low of December 29 and resistance at 1.3344, Tuesday's high.

In a report, payroll processing firm ADP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Testing 1.3180 Support

Posted: 05 Jan 2011 05:34 AM PST

This level is an old "remembered area" on the hourly chart dating back to November 2010 (put a line on your hourly at 1.3180-85 and go back in time on the hourly chart to see the number of times the market found support or resistance at the level).
The price dipped below for a brief moment on the initial move lower. Another break below should solicit more selling with the target off the daily chart pointin to 1.3079 where the 200 day MA and 50% retracement is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.5.2011 – EUR/USD GBP/USD USD/JPY

Posted: 05 Jan 2011 05:30 AM PST

EUR/USD to Test Consolidation SupportResistance 1: 1.3250; R2: 1.3320-1.3330; R3: 1.3420
Support 1: 1.32-1.3210; S2: 1.3150; S3: 1.3060

- The EUR/USD is coming off a double top after unsuccessful attempts to break above 1.34. The market did crack this level, but saw no 4H candle CLOSE above the level.
- The market looks to be done with the rally that started December 29, and may want to retest the rounded bottom of late December.
- A test of 1.32 will be important. Expect a rally from there … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Breaks Through 82.87

Posted: 05 Jan 2011 05:30 AM PST

Level was the key technical level where the BOJ intervened at on September 15th 2010. Now becomes support for the USDJPY. The next target to get through is 83.14 – the 61.8% of the move down from the Dec 15th … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Falls Sharply On Much Better ADP

Posted: 05 Jan 2011 05:26 AM PST

U.S. ADP Non-farm Payrolls Jump More-than-expected In December

Posted: 05 Jan 2011 05:21 AM PST

Forex Pros – U.S. non-farm private employment rose significantly more-than-expected in December, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 297K in December, after rising by 92K in November, whose figure was revised down from 93K.

Analysts had expected non-farm private sector employment to increase by 100K in December.

The report said employment in the service-providing sector rose by 270K in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro-Zone Industrial New Orders Disappoints, EURUSD Extends Losses

Posted: 05 Jan 2011 05:00 AM PST

    

Fundamental Headlines
• Fed Stands By Bond Purchases – Wall Street Journal
• A Chinese Stealth Challenge? – Wall Street Journal
• Rising Oil Price Threatens Fragile Recovery – Financial Times
• Fed May Keep Easing at "Full Throttle" Until Jobless Rate Falls – Bloomberg
• Europe Banks Race Sovereigns to Bond Investors – Bloomberg
EURUSD: Industrial new orders in the 17 member euro area rose 1.4 percent in October after falling 4.2 percent the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Across The Board Ahead Of U.S. Jobs Report

Posted: 05 Jan 2011 04:12 AM PST

Forex Pros – The U.S. dollar was up against all of its major counterparts on Wednesday, amid optimism that the U.S. economic recovery was becoming self-sustaining and ahead of a report on U.S. employment.

During European early afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.61% to hit 1.3226.

Earlier in the day, sentiment on the single currency was hit after an auction of Portuguese Treasury bills was over-subscribed, but the yield the government was forced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AllianceBernstein Remove Derivatives From Active ETFs

Posted: 05 Jan 2011 04:00 AM PST

AllianceBernstein, who had previously filed with the SEC requesting exemptive relief to launch actively-managed ETFs, has amended their applications to remove the usage of derivatives from the planned funds. It have joined the growing list of applicants who have modified their applications to state explicitly that their funds will not utilize derivatives. These moves have been in response to the SEC's investigation into derivative usage in ETFs that was announced in March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Federal Reserve’s Political Gamesmanship

Posted: 05 Jan 2011 03:36 AM PST

Is the Federal Reserve independent?
I know, I know, ask a silly question, expect a silly answer, right?
Although the Federal Reserve would continue to pretend it is an independent entity, the fact is it has become another political wing of the federal government. If you did not think so, let's juxtapose recent comments by Fed officials to real developments within the bond market. How so? Let's navigate as Bloomberg reports, Fed Officials Said Recovery Insufficient to Alter QE2,……

Fed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

20 Facts That You Will Not Want To Read If You Still Want To Feel Good About America’s Decaying Infrastructure

Posted: 05 Jan 2011 03:35 AM PST

If you haven’t noticed lately, America is literally falling apart all around us.  Decaying infrastructure is everywhere.  Our roads and bridges are crumbling and are full of holes.  Our rail system is ancient.  Our airports and runways have definitely seen their better days.  Aging sewer systems all over the country are leaking raw sewage all over the place.  The power grid is straining to keep up with the ever-increasing thirst of the American people for electricity.  Dams are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

6 Indispensable Traits For Successful Stock Investing

Posted: 05 Jan 2011 03:30 AM PST

Being a successful investor is not hard but it is more difficult than it looks.

What makes it more difficult is not acquiring the mental the skills you need, accounting and basic mathematics can be learned by anyone.

What makes it difficult is the emotional or behavioural skills you need.

The difficulty in mastering these skills is that the wrong approach is hard wired into our brains, making it very difficult to take the correct action.

Here are my 6 indispensable traits of a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Reverses Gains After Weak U.K. Construction PMI

Posted: 05 Jan 2011 03:12 AM PST

Forex Pros – Sterling reversed early gains against the U.S. dollar on Wednesday, retreating from the daily high after data showed that the U.K. construction sector contracted more-than-expected in December.

GBP/USD retreated from 1.5628, the daily high, to hit 1.5576 during European late morning trade, dipping 0.05%.

Cable was likely to find support at 1.5453, Tuesday's low and resistance at 1.5663, the high of December 31.

The Markit/CIPS Construction Purchasing Managers’ Index for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ETFs Are Active Investors’ Weapon Of Choice

Posted: 05 Jan 2011 02:56 AM PST

Exchange traded funds (ETFs) have been around for almost 20 years but small boutique firms are finding new ways to slice them up and repackage them for investors who are taking an active approach to their investment funds, not simply buying and holding them. Richard Kang, CIO and director of research for New York-based Emerging Global Advisors, specializes in ETFs and says liquidity and more choices are responsible for record amounts of cash flowing into ETFs. In this Energy Report … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Losses As Portugal Debt Auction Eyed

Posted: 05 Jan 2011 02:55 AM PST

Forex Pros – The euro extended early losses against the U.S. dollar on Wednesday, sliding to a four-day low ahead of a closely watched auction of Portuguese Treasury bills.

EUR/USD hit 1.3236 during European morning trade, the pair's lowest since December 30; the pair subsequently consolidated at 1.3244, shedding 0.49%.

The pair was likely to find support at 1.3082, the low of December 29 and resistance at 1.3344, Tuesday's high.

Portugal was to auction EUR500 million of six-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Wednesday: JPMorgan Chase, Bank Of America, Qualcomm, Atheros Communications, Amgen, Mosaic, Acelor Mittal, Shell, ENI

Posted: 05 Jan 2011 02:37 AM PST

Royal Dutch Shell (RDS-A) – Co. has suffered a new setback in its Alaska offshore drilling operations, after environmentalists successfully challenge a decision to grant the Co. air quality permits. (WSJ)

UK

BAE Systems – Co. has asked three bidders for its Platform Solutions unit, including General Electric, to submit their best and final offers this week, according to a source. (RTRS)

BT – A new service from Co. that allows Internet service providers to pay for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Down Sharply As Commodities Tumble; DAX Falls 1.40%

Posted: 05 Jan 2011 02:37 AM PST

Forex Pros – European stocks were sharply lower on Wednesday, as shares in the commodity sector led declines, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 plunged 1.43%; France's CAC 40 slumped 1.09%; while Germany’s DAX tumbled 1.40%.

Shares in the commodity sector performed poorly after crude oil and metal prices plunged on Tuesday.

Europe's largest natural gas provider E.ON saw shares fall 1.14%, oil driller GDF … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is The Gold Volume Pattern Telling Us Something?

Posted: 05 Jan 2011 02:27 AM PST

A short post on the volume pattern in SPDR Gold Shares (GLD) during the last three odd months. Despite an intraday break of MA(50), GLD once again managed to close above the level. Thus, August is still the last time when we saw a close below MA(50) on GLD. But is the volume pattern trying to tell us something?

As can be seen in the chart above, of the top 15 volume days since October, 12 have been down days. Despite this very bearish volume pattern, gold has still performed rather … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Trims Losses As U.K. Construction Sector Contracts

Posted: 05 Jan 2011 02:20 AM PST

Forex Pros – Sterling trimmed gains against the euro on Wednesday, retreating from a seven-day high, following a report showing that the U.K. construction sector contracted more-than-expected in December.

EUR/GBP eased back from 0.8484, the pair's lowest since December 27, to hit 0.851 during European morning trade, shedding 0.3%.

The pair was likely to find short-term support at 0.8447, the low of December 21 and resistance at 0.8636, Tuesday's high.

The Markit/CIPS Construction … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Industrial New Orders Rise Less-than-expected

Posted: 05 Jan 2011 02:07 AM PST

Forex Pros – Industrial new orders in the euro zone rose less-than-expected in October, official data showed on Wednesday.

In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.4% in October, after declining by 4.2% in September, whose figure was revised from a decline of 3.8%.

Analysts had expected industrial new orders to rise by 1.6% in October.

The report also showed that the annualized rate of industrial new orders in the euro zone rose by 14.8% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone Industrial New Orders & PPI

Posted: 05 Jan 2011 02:02 AM PST

Eurozone Industrial New Orders m/m came in at 1.4%, slightly stronger than the 1.35 expected.
PPI m/m came in as expected at 0.3%.
No market impact to very benign data as Eur/Usd continues to trade around … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Hits 5-day High Vs. Swiss Franc As Risk Aversion Fades

Posted: 05 Jan 2011 01:57 AM PST

Forex Pros – The U.S. dollar was up against the Swiss franc for the second successive day on Wednesday, after the minutes of the Federal Reserve's last policy meeting underpinned data showing that U.S. economic growth was strengthening.

USD/CHF hit 0.9524 during European morning trade, the pair's highest since December 29; the pair subsequently consolidated at 0.9507, rising 0.26%.

The pair was likely to find support at 0.9325, Tuesday's low and resistance at 0.9804, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Higher For Third Day As U.S. Economy Strengthens

Posted: 05 Jan 2011 01:40 AM PST

Forex Pros – The U.S. dollar was up against the yen for a third consecutive day on Wednesday as renewed hopes that the U.S. economic recovery was gathering momentum dampened demand fro the safe haven yen.

USD/JPY hit 82.21 during European morning trade, the daily high; the pair subsequently consolidated at 82.1, gaining 0.08%.

The pair was likely to find support at 81.6, Tuesday's low and short-term resistance at 82.46, December 29.

On Tuesday, the minutes of the Federal Reserve's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Construction PMI Falls More-than-expected In December

Posted: 05 Jan 2011 01:38 AM PST

Forex Pros – Britain’s construction sector unexpectedly contracted in December, industry data showed on Wednesday.

In a report, market research firm Markit and the Chartered Institute of Purchasing & Supply said that their U.K. construction purchasing managers’ index fell to a seasonally adjusted 49.1 in December, after rising to 51.8 in November.

Economists had expected the index to decline to 51.2 in December.

On the index, a level above 50.0 indicates industry expansion, below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

December 2010 Manufacturing PMIs: Expansion Accelerating!

Posted: 05 Jan 2011 01:16 AM PST

The manufacturing PMIs for December indicate that the rate of expansion in the global manufacturing sector is accelerating. Only France, India, China, Greece and Australia reported weaker growth. The manufacturing sectors in most countries except Australia, Japan and Greece continue to expand.

In the Eurozone the manufacturing sectors in France and Germany continue to be robust while Ireland, Italy and Spain surprised on the upside. The manufacturing sector in the U.K. accelerated to a very … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Will Go Too Far Tightening Rates, Says Jim Rogers

Posted: 05 Jan 2011 01:15 AM PST

China will likely over-tighten policy as it grapples with inflation, providing good buying opportunities in 2011, says Jim … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Final Services PMI Rises Unexpectedly

Posted: 05 Jan 2011 01:15 AM PST

Forex Pros – The euro zone’s services sector unexpectedly expanded more than initially projected in December, data showed on Wednesday.

In a report, the market research group, Markit said the final euro zone services business activity index rose to 54.2 in December, following a preliminary estimate of 53.7.

Analysts had expected the index to remain unchanged at 53.7 in December.

On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold’s Mania Phase Still Ahead

Posted: 05 Jan 2011 01:14 AM PST

After a $325 rise in 2010, gold bullion yesterday suffered its steepest one-day loss since July – down by $34 at the U.S. close after an intra-day low of -$40. The chart below shows the sell-off plunging the gold price down to right on top of its 50-day moving average. Also, the "triple top" could point to more downside in the short term.

Does gold's decline mark the end of the ten-year bull market? Or was it just a question of heavy profit-taking after performance gaming at the end of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Valuation Indicators Signal Caution

Posted: 05 Jan 2011 01:13 AM PST

In order to gauge the valuation of the S&P 500 Index, let's consider three indicators constructed by Doug Short:

The relationship of the S&P 500 to a regression trendline (more)
The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)
The Q Ratio – the total price of the market divided by its replacement cost (more)

"To facilitate comparisons, I've adjusted the Q Ratio and P/E10 to their arithmetic mean, which I represent as zero. Thus the percentages … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mobius: Which Emerging Markets For 2011?

Posted: 05 Jan 2011 01:12 AM PST

When investing in China, Mark Mobius, executive chairman at Templeton Emerging Markets Group, recommends looking at the country's oil and gas as well as consumer sectors. He shares his investment strategy for emerging markets this year with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Faber: Equities To Correct In January; Gold And Silver To Soar In 2011

Posted: 05 Jan 2011 01:11 AM PST

It is always interesting and thought-provoking to hear the views of Marc Faber, writer of the "Gloom Boom & Doom Report". The paragraphs below, courtesy of CommodityOnline, cover most markets.
Commodities: Faber likes energy companies since the long-term trend in oil is up, as supply fails to keep up with surging demand from emerging markets. He notes that emerging markets have surpassed the developed world in oil consumption and that this trend should keep demand strong for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Richard Bernstein – Most Optimistic Since 1995

Posted: 05 Jan 2011 01:10 AM PST

A bullish view on stocks, with Richard Bernstein of Richard Bernstein Advisors and Howard Ward of GAMCO Growth Fund.

Bernstein tells CNBC he is more optimistic now than he has been since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roubini Global Economics: Things Are Looking Up In LatAm

Posted: 05 Jan 2011 01:06 AM PST

The report below comes courtesy of Nouriel Roubini's team of analysts at RGE.
In our 2011 Outlook, we revised up our growth forecasts for Latin America, in anticipation of resilient domestic demand, improved external conditions and elevated commodity prices. We now envision annual growth rates of 4.7% in 2011 (compared to the forecast of 4.1% we set in September) and 6.1% in 2010 from 5.7% previously. If we are correct, 2010 will mark Latin America's strongest economic performance of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Higher Vs. Most Rivals On U.S. Growth Hopes

Posted: 05 Jan 2011 01:05 AM PST

Forex Pros – The U.S. dollar rallied broadly against most of its major counterparts on Wednesday, after the Federal Reserve acknowledged that the recent economic rebound should continue and as commodity prices retreated.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.37% to hit 1.3257.

Earlier in the day, data showed that service sector activity in the euro zone rose more than previously estimated in December.

The greenback was also up against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Debt, Debt And More Debt …

Posted: 05 Jan 2011 01:02 AM PST

Forex – NZD/USD Hits 5-day Low After Fed Boosts Greenback

Posted: 05 Jan 2011 12:45 AM PST

Forex Pros – The New Zealand dollar fell to a five-day low against its U.S. counterpart on Wednesday after the Federal Reserve indicated that the economic rebound seen in data in recent weeks should continue.

NZD/USD hit 0.7628 during early European trade, the pair's lowest since December 29; the pair subsequently consolidated at 0.7642, shedding 0.28%.

The pair was likely to find support at 0.7534, the low of December 29 and resistance at 0.774, Tuesday's high.

Late Tuesday, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Tumbles To 7-day Low On Queensland Flooding

Posted: 05 Jan 2011 12:35 AM PST

Forex Pros – The Australian dollar was down against its U.S. counterpart for the third straight day on Wednesday, as commodity prices dropped and concerns over severe flood damage to the economy weighed.

AUD/USD hit 0.9999 during late Asian trade, the pair's lowest since December 27; the pair subsequently consolidated at 1.002, shedding 0.29%.

The pair was likely to find support at 0.9861, the low of December 20 and resistance at 1.017, Tuesday's high.

Massive flooding in the resource … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Reverses Early Losses To Hit Daily High

Posted: 05 Jan 2011 12:16 AM PST

Forex Pros – Sterling erased early losses against the U.S. dollar on Wednesday, rising to hit a daily high as demand for the currency was underpinned by strong U.K. manufacturing data.

GBP/USD retreated from 1.5537; the daily low to hit 1.5617 during late Asian trade, gaining 0.2%.

Cable was likely to find support at 1.5453, Tuesday's low and resistance at 1.5663, the high of December 31.

On Tuesday, data showed that manufacturing activity in the U.K. grew at its fastest pace in 16 years … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed As Commodities Decline; Nikkei Sheds 0.17%

Posted: 04 Jan 2011 11:53 PM PST

Forex Pros – Asian stocks were mixed on Wednesday after the Federal Reserve said the U.S. economic recovery doesn't meet the threshold for scaling back its bond purchase plans, while shares in the commodity sector led markets lower. 

During late Asian trade, Hong Kong’s Hang Seng Index gained 0.40%, South Korea’s Kospi Composite shed 0.12%, while Japan's Nikkei 225 Index dropped 0.17%. 

Shares in the commodity sector were broadly lower after crude oil and metal prices plunged … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Euro Lower Against Broadly Stronger Dollar

Posted: 04 Jan 2011 11:40 PM PST

Forex Pros – The euro slipped to a two-day low against the broadly stronger U.S. dollar on Wednesday, after minutes of the Federal Reserve's last policy meeting underscored data indicating that the U.S. recovery was gathering pace.

EUR/USD hit 1.3258 during late Asian trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.3276, dipping 0.24%.

The pair was likely to find support at 1.3082, the low of December 29 and resistance at 1.3433, Tuesday's high.

Late … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Jabil Circuit, Inc

Posted: 04 Jan 2011 11:05 PM PST

Jabil Circuit, Inc (NYSE:JBL) shares spiked on the recent earnings surprise, but you can still get in at a good price.
A rush of upward revisions have increase the growth rates and pushed shares to a Zacks #1 Rank (Strong Buy).
Company Description
Jabil Circuit provides comprehensive electronics design, manufacturing and product management to electronic and tech companies. The company operates from its facilities in 22 countries.
Revenue Spikes 32%
On Dec 20 Jabil announced first-quarter fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Synder's-Lance, Inc.

Posted: 04 Jan 2011 11:05 PM PST

Snyder’s-Lance, Inc. (NASDAQ:LNCE) has soared nearly 50% off its 52-week low seen in July 2010. The company has managed to deliver two consecutive positive earnings surprises despite rising commodity costs and bargain-hunting consumers.
Analysts expect solid growth for Snyder’s-Lance over the next year. The Zacks Consensus Estimate calls for 14% EPS growth in 2011. The stock also offers a dividend yield of 2.7%.
Company Description
Snyder’s-Lance manufactures and markets snack foods throughout much … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Wynn Resorts Ltd.

Posted: 04 Jan 2011 11:05 PM PST

Wynn Resorts Ltd. (NASDAQ:WYNN) continues to gain in the stronger global economy, recently hitting a new multi-year high at $117.50 as its new Casino in Mauco produces big returns. With a bullish next-year estimate and high industry rank, this Zacks #1 rank stock doesn’t roll the dice on momentum.
Company Description
Wynn Resorts Ltd., with its subsidiaries, develops, owns and operates casino resorts in Las Vegas and China. The company was founded in 2002 and has a market cap of $14 billion.
We got … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Hercules Technology (HTGC)

Posted: 04 Jan 2011 11:05 PM PST

We are downgrading our recommendation on Hercules Technology (NASDAQ:HTGC) to Underperform from Neutral based on its rising expenses and weak fundamentals.
Third quarter distributable net operating income came in ahead of the Zacks Consensus Estimate but remained below the prior-year quarter. Increased operating expenses and higher net realized loss on investments primarily pulled back the results.
Despite the capital market disruption and the sluggish economic recovery, a steady pace of new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Jabil Circuit (JBL)

Posted: 04 Jan 2011 11:05 PM PST

Jabil Circuit’s (NYSE:JBL) first quarter 2011 results were above the Zacks Consensus Estimate, driven by strong top-line growth and better-than-expected operating margins.
We expect Jabil to achieve strong top-line growth with operating margin leverage and robust earnings momentum over the long term, riding on new business wins, growth in IT enterprise spending, a recovery in end-market demand and transition to higher margin business. The company provided upbeat second quarter guidance as it is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Usd/Cad Appproaching 200 Hour M/A

Posted: 04 Jan 2011 11:04 PM PST

 Since breaking above its 100 hour M/A Usd/Cad has looked strong. The pair is approaching its 200 hour M/A of 1.0007 and a break above may bring pair up to 1.0070. If the pair doesn't break this level .9965 (100 hour M/A ) is a good … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Technical Update 1.5.2010 – Scenarios For GBP/JPY Based On Elliott Wave Principles

Posted: 04 Jan 2011 10:25 PM PST

GBP/JPY

1H: As we got underway the Asian session, and now preparing for the European session, we see the GBP/JPY pare its US session rally.
The current development gives us an opportunity to apply Elliott Wave principles.
The first scenario is that this is a correction rally start Dec 30, from the low of 2010. (Note that a zig zag is not likely since the second wave that could be C is more than 161.8% projection of A. This is not a rule here, just a guide for thinking about probability … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Technical Update 1.5.2011 – Scenarios For GBP/JPY Based On Elliott Wave Principles

Posted: 04 Jan 2011 10:25 PM PST

GBP/JPY

1H: As we got underway the Asian session, and now preparing for the European session, we see the GBP/JPY pare its US session rally.
The current development gives us an opportunity to apply Elliott Wave principles.
The first scenario is that this is a correction rally start Dec 30, from the low of 2010. (Note that a zig zag is not likely since the second wave that could be C is more than 161.8% projection of A. This is not a rule here, just a guide for thinking about probability … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session

Posted: 04 Jan 2011 10:20 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3267, down 0.32% at time of writing.

The pair was likely to find support at 1.3251, Monday's low, and resistance at 1.3432, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8530 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Central Bank Of Bosnia Cut The Reserve Requirement Ratio To 10%

Posted: 04 Jan 2011 10:02 PM PST

The Central Bank of Bosnia announced it would reduce the required
reserve ratio on short-term deposits to 10% from 14%, with effect from
the 1st of February 2011. The Bank also noted that the required
reserve rate on term deposits with maturities greater than one year
would remain at 7%. The move is expected to remove KM 300 million of
liquidity.
Announcement: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session

Posted: 04 Jan 2011 09:50 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.5558, down 0.18% at time of writing.

The pair was likely to find support at 1.5426, Friday's low, and resistance at 1.5664, Friday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8531 and GBP/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down During The Asian Session

Posted: 04 Jan 2011 09:20 PM PST

Forex Pros – The Euro was lower against the Swiss Franc on Wednesday.

EUR/CHF was trading at 1.2607, down 0.14% at time of writing.

The pair was likely to find support at 1.2415, Monday's low, and resistance at 1.2683, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.20% to hit 1.3282 and EUR/JPY falling 0.32% 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: 04 Jan 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9496, up 0.11% at time of writing.

The pair was likely to find support at 0.9301, Friday's low, and resistance at 0.9517, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.23% to hit 1.3278 and USD/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session

Posted: 04 Jan 2011 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Wednesday.

EUR/GBP was trading at 0.8530, down 0.09% at time of writing.

The pair was likely to find support at 0.8523, today's low, and resistance at 0.8648, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.20% to hit 1.3282 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eur/Gbp Breaks Back In To The Wedge.

Posted: 04 Jan 2011 08:02 PM PST

This is a weekly Eur/Gbp and we see here that it broke back in to a huge wedge created back in the month of Nov-2008 and stayed in this formation until May-2010 but after the break it continue to test the new resistance line. We see it break through resistance line and punch through in Sep-2010, if we see it break through the top of the wedge might create pressure for the Euro to rally against all currency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Falls Most Since November, Gold Plunges After FOMC Minutes

Posted: 04 Jan 2011 07:51 PM PST

Commodities – Energy
Crude Oil Falls Most Since November
Crude Oil (WTI) – $89.29 // $0.09 // 0.10%
Commentary: Crude oil fell $2.17, or 2.37%, to settle at $89.38. While the move was not huge, considering the extremely low volatility we've been seeing in financial markets recently, it was definitely notable. That being said, it looks like WTI was once again a laggard, as Brent and LLS fell only 1.38% and 1.51% respectively, to $93.53 and $95.88.
U.S. equity markets also sold off initially, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/CHF Remaining In The Channel, For Now!

Posted: 04 Jan 2011 07:50 PM PST

The 2011 has started with a USD retracement following the sell off to close 2010. The USD/CHF pair for the time being remains inside the channel that has guided the pair toward all time lows, although it continues to test the top of the channel today as it had the prior session. A break higher should prove bullish for the pair with a lot of upside ahead of par. It is also important to note the pair is currently above the top Bollinger band on the 4-hour … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 04 Jan 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.

USD/JPY was trading at 82.11, up 0.09% at time of writing.

The pair was likely to find support at 80.94, Monday's low, and resistance at 82.28, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.20% to hit 1.3283 and GBP/USD falling 0.11% 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: 04 Jan 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.

USD/CAD was trading at 1.0001, up 0.17% 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 up against the Euro and the British Pound, with EUR/USD shedding 0.19% to hit 1.3284 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cuba Drills Deep, Losers And Winners

Posted: 04 Jan 2011 07:01 PM PST

Well, well. In early March, Cuba will commence with deep water drilling under contract with Repsol (YPF)and Statoil ASA (STO), using an older rig that was recently rehabbed by the Chinese. Reports indicate that it has fewer safety features than the BP’s infamous Deepwater Horizon. The site is located a scant sixty miles southeast of Key West, Florida.

How can this be? Thank President Jimmy Carter, who etched a 1977 agreement essentially splitting the Straits of Florida 50/50 between the US and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Parts Don’t Add Up

Posted: 04 Jan 2011 06:59 PM PST

It’s been said that the sum of the parts is greater than the whole. But when it comes to the health of the overall U.S. economy, perhaps the opposite holds true? If one takes account of state-level data that suggests many parts of the country are still struggling to regain their pre-recession footing, as well as a steady flow of reports like those that follow (not to mention the fiscal stresses that various municipalities are having to contend with), talk of a “recovery” seems somewhat … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session

Posted: 04 Jan 2011 06:30 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 1.0035, down 0.16% at time of writing.

The pair was likely to find support at 1.0018, today's low, and resistance at 1.0255, Friday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.04% to hit 1.3236 and AUD/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session

Posted: 04 Jan 2011 06:05 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3275, down 0.26% at time of writing.

The pair was likely to find support at 1.3251, Monday's low, and resistance at 1.3432, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8528 and EUR/JPY falling 0.15% 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: 04 Jan 2011 05:35 PM PST

Forex Pros – The Euro was lower against the Japanese Yen on Wednesday.

EUR/JPY was trading at 109.07, down 0.10% 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 the British Pound, with EUR/USD shedding 0.27% to hit 1.3273 and EUR/GBP falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session

Posted: 04 Jan 2011 04:45 PM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Wednesday.

GBP/JPY was trading at 127.69, down 0.14% at time of writing.

The pair was likely to find support at 125.72, Friday's low, and resistance at 128.60, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.06% to hit 1.5576 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Latest Pullback Healthy

Posted: 04 Jan 2011 04:19 PM PST

Cusick's Corner
This is healthy — a pullback, maybe a consolidation, and then the market digests and resumes the major trend. Commodities have taken the hardest hits. If markets like Gold and Oil can hold key levels of 1325 on Gold and 85 on Oil and take a breather, look at strategies that take advantage of that type of consolidation. For example, XYZ is trading at $89 and has pulled back 2.5% after a previous 3% pop and now is stuck in a consolidation. If you now are neutral, you could sell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Technical Update – USD/CAD To Test Reversse Head And Shoulder Bottom

Posted: 04 Jan 2011 04:13 PM PST

USD/CAD

4H and 1H: USD/CAD established a reverse head and shoulder earlier in the USD trading session today, after breaking above 0.9950. It has already reached its short-term target projecting the width of the bottoming pattern upwards after the breakout.
The market found resistance near 1.0030 as it touched the 200SMA in the 1H chart, which is the 50SMA in the 4H chart. We also see in the 4H chart that there was a shooting star as the market tested 38.2% retracement.
This reflects a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session

Posted: 04 Jan 2011 03:50 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7673, up 0.10% at time of writing.

The pair was likely to find support at 0.7642, today's low, and resistance at 0.7814, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.13% to hit 1.3118 and EUR/NZD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sold HWD $11.71 And BULM $1.18

Posted: 04 Jan 2011 03:34 PM PST

With today’s precious metal correction I decided to take a couple of small profits and raise cash for a potential buying opportunity in the near future.

The first daily chart is my sale of Harry Winston Diamond Corp (NYSE:HWD) at $11.71.

Click on a chart to ENLARGE

The other position I liquidated today was Bullion Monarch Mining (BULM) at $1.18.

My TSI Trading record has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Wednesday, January 05

Posted: 04 Jan 2011 03:29 PM PST

( click to enlarge )

Today marked an important shift in Plug Power shares as they closed above a major horizontal resistance line that has been forming since December. The stock was one of the big winners on Tuesday, closing up $0.068 on the day. Plug Power Inc. (NASDAQ:PLUG) traded heavy volume as it hit a high of $0.48. This high is resistance for Wednesday's continuation move. Looking at the technical chart I see a stock that cleared a sideway consolidation base. The first target is the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/JPY Testing 38.2% On Hourly

Posted: 04 Jan 2011 03:10 PM PST

Shown below you can see that the EUR/JPY pair is currently testing hourly resistance at 109.294. For the past 4 hours the pair has been bouncing back and forth between the 38.2% and 50.0% retracement lines on the move from January 3rd lows to today's highs. If resistance holds, we should see the pair re-visit the 109 figure. A close above 109.294 may be a bullish signal for the pair in which case 109.652 would be the next topside … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Scripps Downgraded To Neutral

Posted: 04 Jan 2011 02:35 PM PST

We downgrade our recommendation for Scripps Networks Interactive Inc. (NYSE:SNI) to Neutral on the basis of its current valuation, which moved up by more than 36.6% in the last year.
The company continues to perform well primarily due to significant growth in both advertising and affiliate-fee revenue at the company's flagship Lifestyle Media businesses and higher total segment profit. Importantly, the struggling online shopping business sites of Scripps Networks have also started generating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Financial Expands In U.K.

Posted: 04 Jan 2011 02:05 PM PST

In an attempt to expand its payday lending business in U.K., Dollar Financial U.K. Ltd., a wholly owned U.K. subsidiary of Dollar Financial Corporation (NASDAQ:DLLR) has agreed to acquire Purpose U.K. Holdings Limited for $195 million.
Purpose is a provider of online payday loans, which operates under the brand PaydayUK in U.K. since 2003.
The deal is expected to complete in the next 90 days, which is subjective to closing conditions and regulatory approval. Further, the acquisition of Purpose would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fed Minutes: Upbeat For 2011

Posted: 04 Jan 2011 02:05 PM PST

The Federal Reserve released the minutes to the December 14th meeting.  Below is the Staff outlook for the economy, along with a bit of my commentary/translation interspersed.

“…[E]conomic activity was increasing at a moderate rate, but…the unemployment rate remained elevated. The pace of consumer spending picked up in October and November, exports rose rapidly in October, and the recovery in business spending on equipment and software (E&S) appeared to be continuing.

“In … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fujifilm Concludes Share Buyback

Posted: 04 Jan 2011 02:05 PM PST

Fujifilm Holdings Corporation (FUJIY) recently completed its buyback of 7.0 million shares for a total amount of ¥20 billion (US$246.3 million) instead of the initial announcement of 7.5 million shares.
Fujifilm is planning to invest a total of ¥110 billion (US$1.2 billion) in fiscal 2011 to enhance production in order to meet increasing demand, particularly in the emerging economies.
Fujifilm had a capital expenditure of ¥24.0 billion (US$286.8 million) in the second quarter of fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Semirara Mining Corp. (SCC), Knocking On Heaven’s Door?

Posted: 04 Jan 2011 02:01 PM PST

Good day my trader friends! Here's a technical update on Semirara Mining Corporation or SCC. You see, after breaking free from the PHP 60.00 threshold back in April 2010, SCC has gone nowhere but up. In less than a year, it was able to reach past PHP 180.00, easily tripling it's original value. In fact, it already marked a new all-time high at PHP 194.50 just yesterday. The question now is, will SCC continue its move towards uncharted territory? Or will traders see the previous high at PHP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 04 Jan 2011 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3307, down 0.40% at time of writing.

The pair was likely to find support at 1.3219, Thursday's low, and resistance at 1.3432, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.04% to hit 0.8536 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 04 Jan 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 82.02, up 0.35% at time of writing.

The pair was likely to find support at 80.94, Monday's low, and resistance at 82.28, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.40% to hit 1.3306 and GBP/USD rising 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DryShips Wins Drilling Contracts

Posted: 04 Jan 2011 01:35 PM PST

DryShips Inc. (NASDAQ:DRYS) is gradually converting itself as an ultra-deep water drilling company rather than continuing as a simple drybulk cargo operator. Today, the company announced that two drillships of its subsidiary Ocean Rig UDW Inc. have entered into a definitive agreement with Cairn Energy plc for a period of six months. These drillships are "Leiv Eiriksson" and "Ocean Rig Corcovado."
Total contract value for the "Leiv Eiriksson" including mobilization charge is around $95 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

3M Acquires Nida-Core

Posted: 04 Jan 2011 01:35 PM PST

3M Company (NYSE:MMM) has acquired a Port St. Lucie, FL-based manufacturer of structural honeycomb core and fiber-reinforced foam core materials, Nida-Core Corp. The company did not reveal the terms of the deal.
Nida-Core offers a range of high-strength, low-weight, engineered materials. Through its workforce of approximately 25 people, Nida-Core provides solutions to customers in transportation, marine and renewable energy industries. 
The Nida-Core acquisition strengthens 3M's composite … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 04 Jan 2011 01:25 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3306, down 0.40% at time of writing.

The pair was likely to find support at 1.3219, Thursday's low, and resistance at 1.3432, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.04% to hit 0.8536 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Talbots Put Options In Fashion With Bearish Players

Posted: 04 Jan 2011 01:16 PM PST

Talbots put options in fashion with bearish players
Today’s tickers: TLB, PFCB, VZ, NDAQ, MTL & HSNI
Talbots, Inc. (NYSE:TLB) – Bearish traders donning Talbots put options this afternoon appear to be positioning for shares of the women’s apparel, shoes and accessories manufacturer to continue falling in the next couple of months. The clothing maker’s shares are down 5.05% in the final minutes of the trading day to stand at $8.08. TLB was cut to ‘hold’ from ‘buy’ with a $10.00 share price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Fed’s Minutes: A Look Back

Posted: 04 Jan 2011 01:12 PM PST

The FOMC released the minutes of its December 14 meeting this afternoon (January 4). It's worth a reminder that the release of the minutes three weeks after the meeting, and approximately three weeks before the next meeting, is a departure from the long-standing practice of waiting until after the following meeting. This change was made in the interest of greater transparency, and it creates the potential of revealing new information or greater clarity about the context of the discussions not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Up 0.18%

Posted: 04 Jan 2011 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.18%, the S&P 500 index shed 0.13%, while the Nasdaq 100 index declined 0.12%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.39%; Germany's DAX shed 0.21%; Britain's FTSE 100 climbed 1.93%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BofA Settles Loan Repurchase Line

Posted: 04 Jan 2011 01:05 PM PST

On Monday, Bank of America Corporation (NYSE:BAC) agreed to pay $2.62 billion to Freddie Mac (FMCC) and Federal National Mortgage Association or Fannie Mae (FNMA). This will resolve the repurchase or "put back" claims related to certain residential mortgage loans sold to these Government Sponsored Entities (GSEs) by Countrywide Financial Corporation. Countrywide was acquired by BofA for approximately $4 billion in 2008.
BofA had been facing significant problems in its balance sheet since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kodak’s New Products Launched

Posted: 04 Jan 2011 01:05 PM PST

Recently, Eastman Kodak Company (NYSE:EK) launched a new Consumer Electronics Show (CES) digital photography products and services and the next generation KODAK PULSE Digital Frame.
The new CES will help in numerous ways like easy sharing of photos, creating 3D images at home, etc. The latter will help in quick commenting on photos with a quick comment button on the frame's touchscreen.
Moreover, Kodak reported improved results for the third quarter of fiscal 2010 with a loss per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The U.S. Session

Posted: 04 Jan 2011 12:45 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5592, up 0.67% at time of writing.

The pair was likely to find support at 1.5368, Thursday's low, and resistance at 1.5664, Friday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 1.12% to hit 0.8530 and GBP/JPY rising 1.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DC Office Vacancies Decline

Posted: 04 Jan 2011 12:35 PM PST

According to a report published by CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), office vacancy rates in Washington DC declined to 9.8% at year-end 2010 from 12.0% at the beginning of the year. The Washington DC market also observed record net absorption of 4.3 million square feet in 2010.
The recent findings by CB Richard Ellis reveal that office building sales soared significantly in 2010, with transaction … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Arrow Acquires Nu Horizons

Posted: 04 Jan 2011 12:35 PM PST

Arrow Electronics, Inc. (NYSE:ARW) recently completed the acquisition of Nu Horizons Electronics for $7.00 per share, or a total of  $130 million.
Headquartered in Melville, NY, Nu Horizons Electronics is a leading global distributor of advanced technology semiconductor, display, illumination and power solutions to a wide variety of commercial original equipment manufacturers (OEMs) and electronic manufacturing services providers (EMS). The company employs 650 people.
Nu Horizon generated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bristol-Myers Outlook Mixed

Posted: 04 Jan 2011 12:05 PM PST

We remain Neutral on Bristol-Myers Squibb Company (NYSE:BMY) with a price target of $28.00.
Bristol-Myers, headquartered in New York, is a major producer and distributor of pharmaceuticals and other healthcare-related products. The company manufactures and sells branded pharmaceutical drugs such as Pravachol for cholesterol reduction, Plavix for hypertension and Erbitux for cancer.
In late 2009, Bristol-Myers sold its interest (83.1% stake) in infant formula maker Mead Johnson. The divestiture has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The U.S. Session

Posted: 04 Jan 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.

USD/CAD was trading at 0.9992, up 0.55% at time of writing.

The pair was likely to find support at 0.9888, Monday's low, and resistance at 1.0034, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.40% to hit 1.3307 and GBP/USD rising 0.61% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BJ’s Restaurants Downgraded

Posted: 04 Jan 2011 11:35 AM PST

We recently downgraded our rating for BJ's Restaurants Inc. (NASDAQ:BJRI), which owns and operates a chain of high-end casual dining restaurants in the United States, from Outperform to Neutral, on a host of factors including cautious consumer spending pattern, increased competition from other casual dining operators and increasing commodity cost.
More than two-thirds of total company restaurants are located in areas which have been hit hard by the economic downturn.
Third-Quarter Results Ahead of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sprint Rejects Clearwire Debt

Posted: 04 Jan 2011 11:35 AM PST

Sprint Nextel (NYSE:S), the third-largest U.S. wireless carrier, refused to purchase debt form Clearwire Corp. (NASDAQ:CLWR), which is running a risk of defaulting its loan agreements. Sprint shares rose more than 6% on this news.
On December 2, Clearwire announced plans to raise about $1.2 billion in new debt to finance further expansion of Sprint's wireless broadband network. The deadline was January 2, and Clearwire is still in negotiations for fresh funding with new and existing customers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bulls Devour Verizon Communications Call Options

Posted: 04 Jan 2011 11:22 AM PST

Bulls devour Verizon Communications call options
Today’s tickers: VZ, NDAQ, MTL & HSNI
Verizon Communications, Inc. (NYSE:VZ) – Bulls are dominating activity in options on Verizon today with the price of the underlying stock rising as much as 1.15% to secure yet another new 52-week high of $36.85 this afternoon. Investors scooped up call options across several expiries during the session thus far, trading more than 2.9 calls on the stock for each single put option in play today. Traders … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Volatility Is On The Move

Posted: 04 Jan 2011 11:19 AM PST

Cusick's Corner
Volatility is on the move. The VIX popped 3.5% and the back month futures are also moving higher into the mid 20s. The market is celebrating new highs but the oversold nature of the market is starting to get more attention with a move in volatility. I will be monitoring the close to see if we hold critical levels of 1262 in the S&P, plus looking for any slowing in the selling that has surfaced in the commodity sector. This might be a good time to strategize some potential … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session

Posted: 04 Jan 2011 11:15 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3321, down 0.29% at time of writing.

The pair was likely to find support at 1.3219, Thursday's low, and resistance at 1.3432, today's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.99% to hit 0.8541 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Everest Re Starts Crop Insurance

Posted: 04 Jan 2011 11:05 AM PST

Yesterday, reinsurer Everest Re Group Ltd. (NYSE:RE) announced that it has completed the acquisition of crop insurer Heartland Crop Insurance Inc., based in Kansas.
With Heartland Crop within its nest, Everest Re has gained entry into a specialty line of insuring U.S. crops. The deal is expected to add to the company's earnings from the first year with an expected $160 million in premiums including insurance and reinsurance premiums.
The acquisition has cost Everest Re $55 million along with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A New Rig In Diamond’s Kitty

Posted: 04 Jan 2011 10:35 AM PST

A subsidiary of Diamond Offshore Drilling Inc. (NYSE:DO) has signed a contract valued at $590 million with Korea's Hyundai Heavy Industries Co. to construct a new ultra-deepwater drillship, representing the company's increased focus for further deepwater venture.
The new drilling rig, capable of operating in 12,000 feet of water, is slated for delivery by the end of second quarter 2013. The company will utilize its available cash to pay for the rig and also secured an option to order a second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Denbury Completes Encore Sale

Posted: 04 Jan 2011 10:35 AM PST

Plano, Texas-based Denbury Resources (NYSE:DNR) announced that it has completed the sale of its stake in Encore Energy Partners LP (NYSE:ENP) to Vanguard Natural Resources, LLC (VNR) for $393 million. The deal was announced in mid-November 2010.
Out of the total consideration, $300 million was paid in cash, which was funded from borrowings under Vanguard’s senior secured credit facility and an acquisition term loan, worth $175 million. The remaining $93 million was paid in 3.14 million Vanguard … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The U.S. Session

Posted: 04 Jan 2011 10:35 AM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.

AUD/USD was trading at 1.0054, down 1.12% at time of writing.

The pair was likely to find support at 1.0029, today's low, and resistance at 1.0255, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.81% to hit 1.3248 and AUD/JPY falling 0.89% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“The Pullback Today Is Profit-taking”

Posted: 04 Jan 2011 10:33 AM PST

01/04/11 Meridian Equity Partners’ Joseph Greco discusses today’s pullback in US equities and commodity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session

Posted: 04 Jan 2011 10:00 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7658, down 0.98% at time of writing.

The pair was likely to find support at 0.7642, today's low, and resistance at 0.7814, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.27% to hit 1.3108 and EUR/NZD rising 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Down 0.21%

Posted: 04 Jan 2011 09:55 AM PST

Forex Pros – European stocks were mixed after the closing bell on Tuesday.

At the close of European trade, Germany's DAX fell 0.21%, London's FTSE 100 gained 1.93%, France's CAC 40 climbed 0.39% and the EURO STOXX 50 was up 0.17%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.25%; the S&P 500 index shed 0.69%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Off To A Rocky (bearish) Start In 2011

Posted: 04 Jan 2011 09:52 AM PST

The Cramer Metrics: Return Of The Individual Investor

Posted: 04 Jan 2011 09:05 AM PST

We’re always on the look out for new indicators that can give us a hint as to investor sentiment. The VIX is popular with many but I believe I attempted to dispel the myth surrounding that indicators accuracy a couple of weeks ago in “Debunking VIX Predictive Value”. Part of the problem with the VIX for the average individual investor is that it’s impacted by the trading activity of the larger investors and the extremely active traders.
The media continually tells us that 1) the individual … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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