DailyMarkets.com - January 2011 Outlook For The U.S. Stock Market
DailyMarkets.com - January 2011 Outlook For The U.S. Stock Market |
- January 2011 Outlook For The U.S. Stock Market
- Forex – USD/CHF Rebounds From Record Low On Short Covering
- Forex – Dollar Begins 2011 Broadly Higher Vs. Rivals
- Forex – New Zealand Dollar Retreats As Greenback Rallies
- European Stocks Broadly Higher Amid Thin Trade; DAX Up 1.57%
- Forex – AUD/USD Eases Back From 28-year High
- Forex Trading: Eurozone Final PMI
- Stocks Markets – Anticipating Economic Growth?
- S&P Index From 1825 To 2010
- Political Risks Surrounding Asia
- Gartman’s Top Three Trades For 2011
- Take Guidance From Market Axioms
- Gold Likely To Surpass $1,650 This Year
- Euro Zone Manufacturing PMI Rises More-than-expected
- How To Trade Gold, Stocks And ETFs In 2011
- Recession Risk Remains In 2011, Says Nightingale
- Swiss SVME PMI Falls Unexpectedly In December
- Laugh Out Loud: If 2011 Is Anything Like …
- Forex – Pound Slips Against Broadly Stronger Dollar
- Asia Stocks Advance In Thin Trade; Nikkei Closed For Holiday
- Forex – EUR/USD Tumbles On Optimistic U.S. Growth Outlook
- Bear Of The Day: FTI Consulting (FCN)
- Growth & Income Stock: Banco De Chile
- Bull Of The Day: Equinix, Inc. (EQIX)
- Aggressive Growth Stock: UFP Technologies
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down During The Asian Session
- Crude Oil Grinds Higher On Outlook, Gold Edges Lower After 30% Gain In 2010
- Forex – EUR/GBP Down During The Asian Session
- The Economy Glass Is Getting Half Full
- Forex – USD/CHF Up During The Asian Session
- Forex – USD/CAD Down During The Asian Session
- 5 Copper ETFs Poised For Growth In 2011
- Forex – EUR/CHF Down During The Asian Session
- Forex – GBP/CHF Down During The Asian Session
- A Figment Of The Bulls’ Imagination
- Non-OPEC Supply, OECD Demand Are Key As Oil Eyes $100
- Forex Technical Update – EUR/USD Develops Head And Shoulder Formation
- Forex – USD/JPY Up During The Asian Session
- US Releases This Week: NFP, Manufacturing, Services,
- Forex – EUR/JPY Down During The Asian Session
| January 2011 Outlook For The U.S. Stock Market Posted: 03 Jan 2011 03:35 AM PST One thing is for sure: the S&P 500 ($SPX) finished 2010 on a bullish tear, remaining highly resilient to the end. However, given the January profile of the last three years, we could see a sizeable drop to begin 2011, as profit-taking hits its full stride. Here's why.. Average of 6.1% The last three years, the S&P 500 has lost an average of 6.1% in the month of January, losing 6.1% in 2008, 8.6% in 2009, and 3.7% in 2010. Could we see the same type of behavior in January … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Rebounds From Record Low On Short Covering Posted: 03 Jan 2011 03:08 AM PST Forex Pros – The U.S. dollar rebounded from a record low against the Swiss franc on Monday, on the first trading day of 2011, as the greenback was supported by demand for dollars to cover short positions remaining from last year. USD/CHF hit 0.9383 during European morning trade, the daily high; the pair subsequently consolidated at 0.9362, gaining 0.17%. The pair was likely to find support at 0.9299, last Friday's low and an all-time low and resistance at 0.9459, the high of December … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Begins 2011 Broadly Higher Vs. Rivals Posted: 03 Jan 2011 02:34 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, on the first trading day of 2011 as demand for dollars to cover short positions left over from last year helped the support the U.S. currency. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.60% to hit 1.3306. Earlier Monday, data showed that manufacturing activity in the euro zone increased more than initially forecast in December, rising to an 8-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – New Zealand Dollar Retreats As Greenback Rallies Posted: 03 Jan 2011 02:22 AM PST Forex Pros – New Zealand's dollar opened lower against its U.S. counterpart on the first trading day of the New Year, amid thin trade volumes as major international markets remained closed. NZD/USD hit 0.7739 during European morning trade, a daily low; the pair subsequently consolidated at 0.7772, shedding 0.35%. The pair was likely to find support at 0.7721, the low of December 31 and short-term resistance at 0.7813, the high of the same day. The greenback rallied after a string of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Broadly Higher Amid Thin Trade; DAX Up 1.57% Posted: 03 Jan 2011 02:09 AM PST Forex Pros – European stocks posted sharp gains in the first trading session of the year amid low trade volume on Monday as markets in London remained closed for the New Year's holiday. During European morning trade, the EURO STOXX 50 surged 1.37%; France's CAC 40 soared 2.14%; while Germany’s DAX jumped 1.57%. Shares in the automaker sector, which was the best-performing sector in Europe in 2010, led markets higher. Luxury automaker Porsche saw shares soar 11.87% after a U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Eases Back From 28-year High Posted: 03 Jan 2011 02:01 AM PST Forex Pros – The Australian dollar dipped to a daily low against its U.S. counterpart on Monday, in the first trading day of 2011, as trade remained thin with major markets all closed on account of post New Year holidays. AUD/USD hit 1.018 during European morning trade, the daily low; the pair subsequently consolidated at 1.0194, shedding 0.34%. The pair was likely to find support at 1.0087, the low of December 29 and resistance at 1.0255, the high of December 31 and a 28-year high. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Eurozone Final PMI Posted: 03 Jan 2011 01:21 AM PST EZ Final PMI came in at 57.1, stronger than the 56.9 expected.
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| Stocks Markets – Anticipating Economic Growth? Posted: 03 Jan 2011 01:18 AM PST This article is a combination and update of two posts published separately a few weeks ago.
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| Posted: 03 Jan 2011 01:16 AM PST The graph below is an interesting depiction of the S&P Index's annual returns since 1825. Of the 186 years 70% were positive and 30% negative. The Index's total return for 2010 was +15.06%. Although interesting, the chart offers little guidance as to where the 2011 block will be placed. Sources: William N. Goetzmann, Roger G. Ibbotson and Liang Peng, A new historical database for the NYSE 1815 to 1925: Performance and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Political Risks Surrounding Asia Posted: 03 Jan 2011 01:15 AM PST Fraser Howie, managing director of CLSA Singapore, outlines the geopolitical risks to be aware of this year. He tells CNBC's Emily Chan that the impact of China's growing prowess on the balance of power in Asia is something to watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Gartman’s Top Three Trades For 2011 Posted: 03 Jan 2011 01:15 AM PST Dennis Gartman, writer of "The Gartman Letter", tells CNBC he wants to own agriculture, "strong stuff" and regional banks in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Take Guidance From Market Axioms Posted: 03 Jan 2011 01:14 AM PST As we approach the first trading day of 2011, it will be time well spent to review Arthur Huprich's list of investment rules. Art is Senior Vice President and Senior Market Technician of Raymond James Equity Research. The list comes courtesy of Barry Ritholtz, writer of The Big Picture blog.
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| Gold Likely To Surpass $1,650 This Year Posted: 03 Jan 2011 01:13 AM PST Spot gold prices will rise to at least $1,650 in 2011, believes Juerg Kiener, CEO at Swiss Asia Capital. He explains his bullish outlook to guest host Tai Hui of Standard Chartered Bank and CNBC's Martin Soong and Sri … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Zone Manufacturing PMI Rises More-than-expected Posted: 03 Jan 2011 01:11 AM PST Forex Pros – Manufacturing activity in the euro zone increased more than initially forecast in December, rising to an 8-month high, industry data showed on Monday. In a report, market research group Markit said that its euro zone manufacturing PMI rose to a seasonally adjusted 57.1 in December, compared to a preliminary reading of 56.8. Analysts had expected the manufacturing PMI to rise to 56.9 in December. On the index, a reading above 50.0 indicates industry expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| How To Trade Gold, Stocks And ETFs In 2011 Posted: 03 Jan 2011 01:04 AM PST I hope everyone had a great holiday and new years! It's time to reset our profit counter to zero and start looking for new profitable trades along with managing our current open positions on our small cap stocks which we continue to hold with gains of 66%, 35% and 10%. Last year was a tough one as the stock market chopped around in a very large range giving off buy and sell signals every week and some times every other day… Those who follow me or trade with me through my trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Recession Risk Remains In 2011, Says Nightingale Posted: 03 Jan 2011 01:00 AM PST There is a risk of another recession in 2011 and protectionism could cause major problems, Roger Nightingale, strategist at Pointon York, told … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Swiss SVME PMI Falls Unexpectedly In December Posted: 03 Jan 2011 12:35 AM PST Forex Pros – Manufacturing activity in Switzerland declined unexpectedly in December, industry data showed on Monday. In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers' index fell to a seasonally adjusted 59.6 in December, after rising to 61.8 in November. Analysts had expected the index to rise to 62.1 in December. On the index, a reading above 50.0 indicates expansion, below indicates contraction. Following the release of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Laugh Out Loud: If 2011 Is Anything Like … Posted: 03 Jan 2011 12:30 AM PST |
| Forex – Pound Slips Against Broadly Stronger Dollar Posted: 03 Jan 2011 12:11 AM PST Forex Pros – The pound was down against the broadly stronger U.S. dollar in the first trading session of 2011 on Monday, amid hopes that the economic recovery in the U.S. will drive global growth as expansion in China moderates. GBP/USD hit 1.5501 during late Asian trade, the daily low; the pair subsequently consolidated at 1.5503, shedding 0.66%. Cable was likely to find support at 1.5418, the low of December 31 and resistance at 1.5663, the high of December 31. The dollar strengthened … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Advance In Thin Trade; Nikkei Closed For Holiday Posted: 02 Jan 2011 11:52 PM PST Forex Pros – Asian stocks edged higher amid thin trade in the first trading session of 2011 as markets in Japan, Australia, New Zealand and mainland China remained closed for the New Year’s holiday. During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.75%, South Korea’s Kospi Composite rose 0.93%, while Japan's Nikkei 225 Index was closed. The Hang Seng's gains came as shares in the energy sector performed strongly as crude oil prices hovered near a 26-month high. Shares in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Tumbles On Optimistic U.S. Growth Outlook Posted: 02 Jan 2011 11:44 PM PST Forex Pros – The euro was down against the U.S. dollar on Monday in the first trading session of 2011, as optimism that the U.S. economic recovery is gathering pace boosted the dollar. EUR/USD hit 1.3263 during late Asian trade, the pair's lowest since December 30; the pair subsequently consolidated at 1.3268, tumbling 0.88%. The pair was likely to find support at 1.3082, the low of December 29 and resistance at 1.3423, the high of December 31. The dollar strengthened amid optimism that … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bear Of The Day: FTI Consulting (FCN) Posted: 02 Jan 2011 11:05 PM PST FTI Consulting’s (NYSE:FCN) third quarter 2010 earnings were below the Zacks Consensus Estimate. The company’s corporate/restructuring segment remains a drag on its growth due to softer trend in restructuring activities and a slowdown in new cases.
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| Growth & Income Stock: Banco De Chile Posted: 02 Jan 2011 11:05 PM PST For investors looking to capitalize on growth in the emerging markets, it can pay to think outside the BRIC – or Brazil, Russia, India and China. One red-hot destination often overlooked is Chile. This South American gem has been one of the best performing markets of 2010 due in large part to surging copper prices.
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| Bull Of The Day: Equinix, Inc. (EQIX) Posted: 02 Jan 2011 11:05 PM PST As a leading provider of co-location services, Equinix Inc. (NASDAQ:EQIX) is well positioned in the market. The company delivered decent third quarter numbers and provided encouraging guidance for the fourth quarter and fiscal 2010.
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| Aggressive Growth Stock: UFP Technologies Posted: 02 Jan 2011 11:05 PM PST UFP Technologies, Inc. (NASDAQ:UFPT) beat expectations yet again last quarter, setting a company sales record. Estimates are on the rise and are projecting solid growth rates.
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| Forex – EUR/USD Down During The Asian Session Posted: 02 Jan 2011 10:40 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3301, down 0.65% at time of writing. The pair was likely to find support at 1.3085, Wednesday's low, and resistance at 1.3424, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8554 and EUR/JPY falling 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down During The Asian Session Posted: 02 Jan 2011 10:00 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.5547, down 0.41% at time of writing. The pair was likely to find support at 1.5353, Wednesday'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 0.26% to hit 0.8554 and GBP/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Grinds Higher On Outlook, Gold Edges Lower After 30% Gain In 2010 Posted: 02 Jan 2011 09:42 PM PST Commodities – Energy
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| Forex – EUR/GBP Down During The Asian Session Posted: 02 Jan 2011 09:35 PM PST Forex Pros – The Euro was lower against the British Pound on Monday. EUR/GBP was trading at 0.8550, down 0.30% at time of writing. The pair was likely to find support at 0.8503, Wednesday'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 0.67% to hit 1.3298 and EUR/JPY falling 0.51% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Economy Glass Is Getting Half Full Posted: 02 Jan 2011 09:24 PM PST My needle has moved to the right on my pessimism-optimism scale and I'm not sure why. It has a lot to do with the recent performance of the stock market, a pretty good measure of sentiment as well as one of the better leading indicators of real economic activity. I don't have much more than a hunch and a hope, but I now expect real GDP growth to exceed four percent in 2011 and 2012 and don't really see why it couldn't exceed five percent.
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| Forex – USD/CHF Up During The Asian Session Posted: 02 Jan 2011 09:00 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.9353, up 0.06% at time of writing. The pair was likely to find support at 0.9301, Friday's low, and resistance at 0.9534, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.69% to hit 1.3296 and USD/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Down During The Asian Session Posted: 02 Jan 2011 08:25 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9926, down 0.56% at time of writing. The pair was likely to find support at 0.9925, today's low, and resistance at 1.0055, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.71% to hit 1.3293 and GBP/USD falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 5 Copper ETFs Poised For Growth In 2011 Posted: 02 Jan 2011 08:19 PM PST In 2010, copper locked in a second consecutive annual gain of nearly 33 percent as demand remained elevated due to growth in emerging markets and a weak dollar. As for the future of the industrial metal, copper's outlook remains rosy as a supply and demand imbalance is expected to take place providing positive price support to the Global X Copper Miners ETF (COPX), the iPath Dow Jones Copper Index ETN (JJC), the First Trust ISE Global Copper Index Fund (CU), the PowerShares DB … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/CHF Down During The Asian Session Posted: 02 Jan 2011 07:55 PM PST Forex Pros – The Euro was lower against the Swiss Franc on Monday. EUR/CHF was trading at 1.2435, down 0.63% at time of writing. The pair was likely to find support at 1.2404, Thursday's low, and resistance at 1.2572, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.71% to hit 1.3293 and EUR/JPY falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/CHF Down During The Asian Session Posted: 02 Jan 2011 07:15 PM PST Forex Pros – The British Pound was lower against the Swiss Franc on Monday. GBP/CHF was trading at 1.4537, down 0.37% at time of writing. The pair was likely to find support at 1.4401, Thursday's low, and resistance at 1.4717, Wednesday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.46% to hit 1.5538 and EUR/GBP falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| A Figment Of The Bulls’ Imagination Posted: 02 Jan 2011 07:06 PM PST Based on a recent survey of more than 2,400 hiring managers and human resource professionals across industries and company, CareerBuilder.com, the largest online employment website, is predicting a “healthier” employment picture this year. Here are a few of the key findings [italics mine]:
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| Non-OPEC Supply, OECD Demand Are Key As Oil Eyes $100 Posted: 02 Jan 2011 06:57 PM PST After falling for two years in a row, oil demand rebounded sharply in 2010 to reach a new record high. At 87.4 million barrels per day, the year's demand rose by 2.4mmbbl/d, or 2.8%, according to figures from the International Energy Agency. That is the fastest growth since 2004. Much of 2010's robust growth can be attributed to recovery from an especially dismal 2008 and 2009. The steep declines in consumption we saw in developed economies were partially reversed, though Europe put in yet … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Technical Update – EUR/USD Develops Head And Shoulder Formation Posted: 02 Jan 2011 06:55 PM PST EUR/USD 1H and 15min: EUR/USD developed a head and shoulder to start the year. This is more clear in the 15-min chart, where the RSI also dipped below 30 reflecting a near-term bearish attempt. The RSI in the 1H chart also is breaking below 40, so the bullish attempt that started December 28th should be seeing a retracement.
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| Forex – USD/JPY Up During The Asian Session Posted: 02 Jan 2011 06:30 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 81.30, up 0.18% at time of writing. The pair was likely to find support at 80.94, Monday's low, and resistance at 82.37, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.80% to hit 1.3281 and GBP/USD falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| US Releases This Week: NFP, Manufacturing, Services, Posted: 02 Jan 2011 06:04 PM PST Start on Monday with Manufacturing PMI, Factory Orders From Novemer's Release: "The manufacturing sector grew during November, with both new orders and production continuing to expand. With the PMI at 56.6 percent, November's rate of growth is the second fastest in the last six months. Exports and imports continue to support expansion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Down During The Asian Session Posted: 02 Jan 2011 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Monday. EUR/JPY was trading at 108.15, down 0.46% at time of writing. The pair was likely to find support at 107.62, Thursday's low, and resistance at 108.92, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.67% to hit 1.3298 and EUR/GBP falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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