DailyMarkets.com - How Can America Create Wealth If Our Industrial Base Is Destroyed? 50,000 Manufacturing Jobs Have Been Lost Every Month Since 2001

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• How Can America Create Wealth If Our Industrial Base Is Destroyed? 50,000 Manufacturing Jobs Have Been Lost Every Month Since 2001
• Forex Trading: USD/CHF Finding Some Resistance At Old Support Level
• “The Time For Action Is Now”
• Forex – USD/JPY Up In European Trade
• Forex – EUR/USD Down In European Trading Hours
• Forex – GBP/USD Down During The European Session
• WTI Crude Oil Seen To Continue Climbing
• Asian Markets Close Higher; Nikkei Up 1.07%
• Forex – EUR/USD Down During The Asian Session
• Bear Of The Day: Novatel Wireless (NVTL)
• Bull Of The Day: Superior Industries (SUP)
• Growth & Income Stock: Aptargroup
• Momentum Stock: Polo Ralph Lauren Corp.
• Aggressive Growth Stock: ROFIN-SINAR
• Forex – GBP/USD Up In Asian Trade
• New Brewer Machine From Starbucks
• Krispy Kreme Outsources To Sysco
• Krispy Kreme Outsources To Sysco
• Forex – EUR/CHF Down In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Down During The Asian Session
• Forex – USD/JPY Up During Asian Trade
• Stepping Inside The Bearish Engulfing Bull Trap In Gold GLD
• Chart: Detroit Population Falls To 100 Year Low
• Forex – USD/CAD Up In Asian Trading Hours
• Quotes Of The Day: Economics And Politics
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Up During The Asian Session
• USD/CHF In C Wave Correction Targeting 0.92 Above 0.9120
• Forex – EUR/JPY Up During Asian Trade
• EUR/GBP In A Bullish Breakout Towards 0.8880, 0.8940
• Stock Market Summary For Thursday, March 24, 2011

How Can America Create Wealth If Our Industrial Base Is Destroyed? 50,000 Manufacturing Jobs Have Been Lost Every Month Since 2001 Posted: 25 Mar 2011 03:35 AM PDT Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall.  Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level.  The U.S. government is going to run an all-time record deficit of about 1.65 trillion dollars this year and average household debt in the United States has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/CHF Finding Some Resistance At Old Support Level Posted: 25 Mar 2011 03:03 AM PDT The USD/CHF, which had been trading inside of a 100 point range since last Wednesday, has made a move towards the upside but has found some resistance at .91474; an old support level from earlier in the month. If resistance holds we may see the pair back towards .90748; a level which has shown the pair both support and resistance and also happens to be where the 200 hour moving average comes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“The Time For Action Is Now” Posted: 25 Mar 2011 02:34 AM PDT Having spent the better part of the last two weeks in Europe, I have gained an even greater perspective for the need to address our massive fiscal deficit here at home. While selected analysts would discount the global impact of the debt strapped peripheral nations of Europe, we do so at our peril. Why so? Have you looked at some of the European peripheral bond markets lately? Investors in these markets are getting increasingly nervous that they will be compelled to suffer principal losses if … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up In European Trade Posted: 25 Mar 2011 02:30 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 81.21, up 0.29% at time of writing. The pair was likely to find support at 80.71, Wednesday's low, and resistance at 81.32, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.15% to hit 1.4157 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In European Trading Hours Posted: 25 Mar 2011 01:55 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.4150, down 0.20% at time of writing. The pair was likely to find support at 1.4054, Thursday's low, and resistance at 1.4248, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8803 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The European Session Posted: 25 Mar 2011 01:10 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.6116, down 0.04% at time of writing. The pair was likely to find support at 1.6092, Thursday's low, and resistance at 1.6402, Tuesday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8788 and GBP/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WTI Crude Oil Seen To Continue Climbing Posted: 25 Mar 2011 12:30 AM PDT In my post last March 4 about WTI crude oil (please see it here), I mentioned that its price could reach $110.00 per barrel. Well, that is still pretty much a go at least from the technical point of view. As you can see from its daily chart above, WTI crude oil has risen after marking a low of $96.18 and then breaking free from a descending channel shortly after. At present, the price of global crude oil is trading at around $105.57. With it exchanging just above its short term uptrend line, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asian Markets Close Higher; Nikkei Up 1.07% Posted: 25 Mar 2011 12:00 AM PDT Forex Pros – Asian stocks were up after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index rose 1.07%, Australia's S&P/ASX 200 index gained 0.91%, while Hong Kong's Hang Seng Index was trading 0.92% up. Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.39%, S&P 500 futures pointed to an increase of 0.46% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 24 Mar 2011 11:20 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.4173, down 0.04% at time of writing. The pair was likely to find support at 1.4054, Thursday's low, and resistance at 1.4248, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8798 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Novatel Wireless (NVTL) Posted: 24 Mar 2011 11:05 PM PDT We reaffirm our long-term Underperform recommendation on Novatel Wireless (NASDAQ:NVTL) following its fourth quarter 2010 financial results, which fell well below the Zacks Consensus Estimate. Novatel provided a very weak first quarter 2011 financial outlook. The company cited lower sales of its 3G products and ongoing customer transition to next-generation 4G products are the primary reasons for this poor guidance. The recent trend of the 3G USB modem industry is indicating a glut of inventory on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Superior Industries (SUP) Posted: 24 Mar 2011 11:05 PM PDT Superior Industries (NYSE:SUP) has a wide customer base. Moreover, its long-term business agreements withclients have helped maintain financial stability. With its competent management, strategic acquisitions, divestments and production efficiencies, the company is well positioned to take full advantage of the globally expanding automotive industry. In addition, Superior Industries has no long-term debt obligations. Its fourth quarter results were strong, with earnings outperforming the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Aptargroup Posted: 24 Mar 2011 11:05 PM PDT Aptargroup (NYSE:ATR) grew earnings per share by a whopping 39% in 2010 as the global economic recovery gained traction. Although the company is unlikely to produce this type of growth in 2011, analysts are still calling for solid 12% earnings growth. It is a Zacks #2 Rank (Buy) stock. Company Description Aptargroup supplies pumps, dispensers, closures, and valves for a variety of markets around the globe. Over half of the company’s sales come from Europe. It is headquartered in Crystal Lake, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Polo Ralph Lauren Corp. Posted: 24 Mar 2011 11:05 PM PDT Polo Ralph Lauren Corp. (NYSE:RL) continues to trade within striking distance of its 52-week high after jumping higher over the last six months. With four consecutive earnings surprise and a bullish growth projection, this Zacks #1 rank stock is a fashionable play on momentum. Company Description Polo Ralph Lauren Corp, together with its subsidiaries, designs and sells a wide range of clothes, shoes and accessories for men, woman and children worldwide. The company was founded in 1967 and has a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: ROFIN-SINAR Posted: 24 Mar 2011 11:05 PM PDT ROFIN-SINAR (NASDAQ:RSTI) earnings continue to bulge, with analysts expecting them to nearly double this year. This Zacks #1 Rank (Strong Buy) also has a great history of beating expectations and is on a clear path higher. Company Description ROFIN-SINAR makes industrial lasers for more than 4,000 customers around the world. Estimates Soaring Back in early December ROFIN-SINAR was featured as a Zacks Rank buy and looked good. Since then the full-year earnings estimates have swelled even further. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade Posted: 24 Mar 2011 10:50 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6123, up 0.01% at time of writing. The pair was likely to find support at 1.6092, Thursday's low, and resistance at 1.6402, Tuesday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8791 and GBP/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Brewer Machine From Starbucks Posted: 24 Mar 2011 10:35 PM PDT Starbucks Corp. (SBUX) has announced that it will partner with Courtesy Products and introduce single-serve beverage machines. This brewer is expected to be sold at U.S. supermarket chains and warehouse club stores. It will brew Starbucks and Seattle's Best coffees, which is a subsidiary of Starbucks. Starbucks and Courtesy Products had recently inked a deal whereby it would provide coffee to Courtesy Products’ CV1 one-cup brewers in as many as 500,000 upscale hotel rooms in the United … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Krispy Kreme Outsources To Sysco Posted: 24 Mar 2011 10:35 PM PDT Krispy Kreme Doughnuts Inc. (NYSE:KKD) announced that it is entering into a supply chain distribution deal with the nation’s biggest food distributor Sysco Corp. (NYSE:SYY), whereby Sygma, a Sysco subsidiary, will distribute proprietary doughnut mixes, other ingredients and supplies to Krispy Kreme franchise and company shops in the eastern United States. IFG, another Sysco subsidiary, will be responsible for the export of Krispy Kreme goods to 20 foreign countries where the company’s international … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Krispy Kreme Outsources To Sysco Posted: 24 Mar 2011 10:35 PM PDT Krispy Kreme Doughnuts Inc. (NYSE:KKD) announced that it is entering into a supply chain distribution deal with the nation’s biggest food distributor Sysco Corp. (NYSE:SYY), whereby Sygma, a Sysco subsidiary, will distribute proprietary doughnut mixes, other ingredients and supplies to Krispy Kreme franchise and company shops in the eastern United States. IFG, another Sysco subsidiary, will be responsible for the export of Krispy Kreme goods to 20 foreign countries where the company’s international … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down In Asian Trading Hours Posted: 24 Mar 2011 10:20 PM PDT Forex Pros – The Euro was lower against the Swiss Franc on Friday. EUR/CHF was trading at 1.2872, down 0.07% at time of writing. The pair was likely to find support at 1.2737, Wednesday's low, and resistance at 1.2888, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.09% to hit 1.4166 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 24 Mar 2011 09:50 PM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday. USD/CHF was trading at 0.9082, down 0.03% at time of writing. The pair was likely to find support at 0.8980, Wednesday's low, and resistance at 0.9124, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.05% to hit 1.4171 and USD/JPY rising 0.03% 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: 24 Mar 2011 09:21 PM PDT Forex Pros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8793, down 0.01% at time of writing. The pair was likely to find support at 0.8655, Wednesday's low, and resistance at 0.8809, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.4174 and EUR/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade Posted: 24 Mar 2011 08:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 81.00, up 0.04% at time of writing. The pair was likely to find support at 80.71, Wednesday's low, and resistance at 81.32, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.4168 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stepping Inside The Bearish Engulfing Bull Trap In Gold GLD Posted: 24 Mar 2011 08:36 PM PDT Wow – what a turn-around intraday in gold prices!  Buyers who purchased gold or the GLD ETF on the breakout to new highs in the morning session were cursed with a mid-day reversal that triggered a Bull Trap that created an ominous looking Bearish Engulfing Candle on the daily chart. Let's take a moment to look at the daily chart then step inside today's intraday action to see what went wrong and learn a lesson in protection when the obvious play becomes a vicious trap. First, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chart: Detroit Population Falls To 100 Year Low Posted: 24 Mar 2011 08:12 PM PDT The population of Detroit in 2010 at 713,777 is the lowest since 1910 when the population was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In Asian Trading Hours Posted: 24 Mar 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 0.9762, up 0.09% at time of writing. The pair was likely to find support at 0.9732, Thursday's low, and resistance at 0.9845, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.08% to hit 1.4167 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quotes Of The Day: Economics And Politics Posted: 24 Mar 2011 08:05 PM PDT 1. “Economists are often asked to predict what the economy is going to do. But economic predictions require predicting what politicians are going to do– and nothing is more unpredictable.” 2. "The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics." ~Thomas … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 24 Mar 2011 07:30 PM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 1.0207, down 0.05% at time of writing. The pair was likely to find support at 0.9953, Monday's low, and resistance at 1.0229, Thursday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3887 and AUD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 24 Mar 2011 07:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.4180, up 0.01% at time of writing. The pair was likely to find support at 1.4054, Thursday's low, and resistance at 1.4248, Tuesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8800 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF In C Wave Correction Targeting 0.92 Above 0.9120 Posted: 24 Mar 2011 06:52 PM PDT Some Setups in the Forex Markets (3/21 Video) USD/CHF Short Term - The 1H chart of the USD/CHF shows it breaking below a triangle, then on the pullback, went to break above the triangle resistance with a strong bullish candle. - The break also broke above a short-term resistance pivot at 0.9090. - If the RSI in the 1H chart can brought back above 60, the case for bullish continuation in the very short-term is strong as the RSI would have broken above 70, failed to break below 40, and then … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During Asian Trade Posted: 24 Mar 2011 06:35 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Friday. EUR/JPY was trading at 114.83, up 0.03% at time of writing. The pair was likely to find support at 113.55, Thursday's low, and resistance at 115.54, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.02% to hit 1.4175 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/GBP In A Bullish Breakout Towards 0.8880, 0.8940 Posted: 24 Mar 2011 06:25 PM PDT EUR/GBP Remains in Triangle…(3/22) EUR/GBP Medium Term - The EUR/GBP is in a bullish breakout. The 4H chart shows the market in a swing that broke above a counter-swing resistance, as well as a larger triangle resistance better seen in the daily and weekly charts. - The market never broke below the 0.8625 pivot and remains bullish, with a swing projection towards 0.8880. - The 4H chart also shows the RSI swing after a quick break below 40, and is now breaking above 70, a sign of bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Thursday, March 24, 2011 Posted: 24 Mar 2011 04:49 PM PDT The market rose today with the Nasdaq Composite leading the way with a 1.4% gain.  Market breadth was generally positive and investor participation was stronger on the Nasdaq versus the NYSE.  As a result, we are raising the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  The S&P 500 closed today above both its 21-day and 50-day moving averages.  Now both the DJIA and S&P 500 have regained both these key moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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