Saturday, March 19, 2011

DailyMarkets.com - Investors Suck At Investing

DailyMarkets.com - Investors Suck At Investing


Investors Suck At Investing

Posted: 19 Mar 2011 03:45 AM PDT

Typical investors lose money trading. Here is a partial list of the issues they possess and how to resolve them.
They have trouble taking profits.

They cannot take losses.
They wait too long to insure that the trend is in place, only to get in just in time for a pullback.
They lose two times in a row, and refuse to take the next trade – therefore, they fail to recognize the big move.
They trade stocks and don’t take into account factors that can influence the stock’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Weekly Analysis – March 21, 2011

Posted: 19 Mar 2011 01:52 AM PDT

By ForexMansion.com
Weekly Fundamental Analysis
Volatility returned to the capital markets this week as investors experienced large swings in numerous financial instruments.  Currencies, commodities and equities were liquidated as investors moved into safe haven investments early in the week.  The Nikkei equity markets moved lower by 16% on the first two trading days of the week, which could only be topped by the 5% move in the USD/JPY on late Wednesday evening / early Thursday … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook – March 21, 2011

Posted: 19 Mar 2011 01:51 AM PDT

By ForexMansion.com
The Central  Banks to the Rescue
The G7 countries announced a coordinated currency  intervention in an effort to calm volatility within the capital markets, specifically the increasing strength of the Yen.   The BOJ, Bundesbank, BOE and Bank of France purchase dollars and euro’s and sold yen.  The yen weakened as much as 3.5% versus the dollar, reaching the resistance at 82.  This is the first coordinated intervention since September, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 21, 2011

Posted: 19 Mar 2011 01:50 AM PDT

By CommoditiesMansion.com

 
After making a massive move upward on Thursday, the Natural Gas market surprised with a relatively unchanged day on Friday. Because of this, the bar printed was a doji, a classic technical signal. The entry works like this: If we break above todays high – Nat Gas is a buy. If we break below it, Nat Gas is a sell.  Until we break out of todays range, this market is to be monitored, not traded.

 
More March 21, 2011 Technical Analysis:

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


Oil Forecast For March 21, 2011

Posted: 19 Mar 2011 01:49 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude (CL)
The CL had a lackluster performance today, after what was originally looking to be very bullish action. We have formed a shooting star on the daily chart at roughly the $102 area, which could be seen as minor resistance.
It appears that after yesterday's extremely bullish action, this market needs to rest. A pullback to $97.50 certainly looks possible at this point as the bulls will try to collect more allies to push prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 21, 2011

Posted: 19 Mar 2011 01:48 AM PDT

By CommoditiesMansion.com

 
Gold had another bullish day today after getting that supportive action we wanted. Because of this, you should have made money on this trade. The future direction of gold seems to be up, as we not only have had bullish action, but we are presently forming what could become a flag. If that proves to be true – we could have another $1,500 to go! Of course the top of the flag has to be broken first, but it appears there is strength regardless. No serious … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:48 AM PDT

By CommoditiesMansion.com

 
This week saw Nat Gas finally get a decent amount of bids. At the time of writing, we are sitting right at a minor support and resistance area, $4.15. If we can break free of this level, $4.30 should follow, with the bulls taking control. It should be noted however, the bears have been in control of this market for a very, very long time. All long positions will tend to be sloppy in nature, as it often the case with countertrend trading.  If we fail to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:47 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude (CL)
The CL contract finished the week on a bearish tone as it printed a shooting star on Friday. However, this should be kept in context of what is going on – a massive bull market in oil. The commodity looks like it needs a rest, and it will probably pull back for a few dollars. The real key to continue the bull run will be if we can stay above $95. Above that level and CL is still bullish.

Brent
Brent has been in a massive uptrend for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Long-term Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:39 AM PDT

By ForexMansion.com

 
The USD/CHF pair has broken past all signs of support, and is currently on its way towards the 0.88 handle, and possibly lower. The previous rectangle measured 500 pips, and that is where the technicals are leading us – 500 pips below the break out. With the weekly candle closing so bearishly, there is really no reason to buy this pair yet, and all rallies are simply chances to sell again until we close above the 0.93 handle.

 
More March 21, 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD/USD Long-Term Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:37 AM PDT

By ForexMansion.com

 
The Kiwi dollar has broken the all-important 0.73 handle and bounced back to that level in the last couple of days, forming a bullish hammer. For the short term, this pair could be volatile as we figure out what to do. However, this bar shows that there might be real strength underlying in the pair, and could be seen as a sign of things to come.
Overall, if we break above this bar, it means that we will probably see a retest of 0.78, and possibly a continuation of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Long-Term Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:37 AM PDT

By ForexMansion.com

 
By breaking above the 1.40 area, the EUR/USD has entered a new bull phase. The area was considered to be very strong, and as such, traders piled into the buying of this pair. It now appears that the 1.42 area is minor resistance, and should give way. A run to 1.45 seems to be in the cards. In order to sell this pair, we would have to retreat back below the 1.38 level, however unlikely that might seem.

 
More March 21, 2011 Technical Analysis:

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


AUD/NZD Long-Term Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:36 AM PDT

By ForexMansion.com

 
The AUD/NZD has busted through the 1.35 area, retraced, and now formed a bullish hammer at the 1.35 level. Until this bar is violated to the downside, no serious consideration can be given to selling this pair. The impressive run seems to want to continue, and should be assumed that it will. A move to 1.40 seems to be in the cards for the AUD/NZD.

 
More March 21, 2011 Technical Analysis:

USD/CAD Long-Term Forecast for the Week of March 21, 2011
USD/JPY … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Forecast For March 21, 2011

Posted: 19 Mar 2011 01:16 AM PDT

By ForexMansion.com

 
With the G-7 announcing that they were all going to sell off the yen this week, it appears that this pair has a floor in it, at least for the short-term. With the wild gyrations in this market, it has been a tough one to trade recently. As you can see, we have had a major drop, followed by intervention, which of course stopped at the bottom of the pennant that was drawn a while ago. This is technically bearish, but with the CB's ready to punish shorts in this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/NZD Forecast For March 21, 2011

Posted: 19 Mar 2011 01:14 AM PDT

By ForexMansion.com

 
The AUD/NZD has busted through the 1.35 area, fell back and found support, and now seems content to rest at these levels. This is typical as strong bullish runs like we have seen in this pair typically need to consolidate in order to keep going. Because of this, the bulls seem to be firmly in control, and it appears that the only real trade in this pair is to either be flat, or to be long. Selling isn't advised until we see a massive plunge in the exchange … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Forecast For The Week Of March 21, 2011

Posted: 19 Mar 2011 01:13 AM PDT

By ForexMansion.com

 
The AUD/USD has found support at the 0.97 and formed a massive hammer as well. This is a very bullish sign, and points to a northerly direction. However, there is a lot of noise between here and the 1.02 level. As such, it is advised that any new longs in this pair should wait until we get a clean break above that level. Alternately, if this pair gets below 0.97, the formation of the hammer would suggest that this market would have breached a massive support level … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lots Of Snow In Minneapolis: 73 Inches

Posted: 18 Mar 2011 08:18 PM PDT

Minneapolis has had 73 inches of snow this winter, the second snowiest winter since 1891.

Exhibit A: Car buried in snow at Ron’s Auto Repair at the corner of 38th Street and 37th Avenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Week Ahead: US Existing Home Sales, New Home Sales, Durable Goods Orders, Q4 GDP, U. Of Michigan Consumer Sentiment

Posted: 18 Mar 2011 08:00 PM PDT

03/19/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NZD/USD Forecast For March 21, 2011

Posted: 18 Mar 2011 07:16 PM PDT

By ForexMansion.com

 
The Kiwi dollar has broken the all-important 0.73 handle and bounced back to that level in the last couple of days. This is quite typical as support will need to be retested as resistance quite often. This however, leaves us with a bit of a question as to the future of this pair.
In the mean time, it is probably wise to see what Monday brings before placing a trade. A break above 0.7380 would be very bullish as it erases the plunge down through support. If this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Long-Term Forecast For The Week Of March 21, 2011

Posted: 18 Mar 2011 07:06 PM PDT

By ForexMansion.com

 
With the G-7 announcing that they were all going to sell off the yen this week, traders have been warned against selling this pair, as well as all others yen-related. Looking at the weekly chart, there is a pennant that triggered, but it is followed by a very bullish and massive hammer. His pair looks confused at best, and is probably best avoided.
However, with the central banks showing they are willing to step in at this point, the weekly hammer might be valid. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Forecast For March 21, 2011

Posted: 18 Mar 2011 07:02 PM PDT

By ForexMansion.com

 
The Canadian dollar has recently busted back through the 0.98 level, and now has found support at that area. This is common, and appears to support the idea that we are going to tread water between 0.98 and 1.0000 for the short-term. The pair looks like it is confused, but with a slightly bullish bias.
A break above 1.0000 would be a hugely bullish signal, while a drop below 0.97 would send this pair back down towards 0.95 and 0.90 in an attempt to find … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Forecast For March 21, 2011

Posted: 18 Mar 2011 06:51 PM PDT

By ForexMansion.com

 
As mentioned yesterday, 1.40 was an area we had been waiting to see it if would give way. A break above was bullish, and a long in this pair was advised. Also as predicted, we have raced to 1.42 as it was the first sign of resistance.
For the time being, we are looking to buy the EUR/USD only. A short doesn't even come into play until the 1.38 area is violated. We are currently suggesting longs at the 1.40 area on signs of support, or at the 1.42 area on a break … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Forecast For March 21, 2011

Posted: 18 Mar 2011 06:46 PM PDT

By ForexMansion.com

 
The AUD/USD has found support at the 0.97 level as predicted, and is now testing the 1.0000 level. Since this is a midpoint between two larger areas, it is advised that no new trades are taken here, but rather shorts at 1.02 (with a tight stop) and longs at 0.97. If we see a failure to rise above the 1.0000 level, this could be a hint to a further breakdown below 0.97 and moving below.

 
More March 21, 2011 Technical Analysis:

EUR/USD Forecast for March 21, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nike’s Sound Quarter Despite Miss

Posted: 18 Mar 2011 06:35 PM PDT

Nike Inc. (NYSE:NKE) posted strong fiscal 2011 third-quarter earnings of $1.08 per share, up 7% from the year-ago earnings of $1.01 per share. However, earnings for the quarter compared unfavorably with the Zacks Consensus Estimate of $1.12 per share.
Quarterly Details
Despite macroeconomic headwinds, Nike's total revenue grew 7% to $5,079 million from $4,733 million in the prior-year quarter. The company continued to benefit from its strategy of consistently focusing on innovative products that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nike’s Sound Quarter Despite Miss

Posted: 18 Mar 2011 06:35 PM PDT

Nike Inc. (NYSE:NKE) posted strong fiscal 2011 third-quarter earnings of $1.08 per share, up 7% from the year-ago earnings of $1.01 per share. However, earnings for the quarter compared unfavorably with the Zacks Consensus Estimate of $1.12 per share.
Quarterly Details
Despite macroeconomic headwinds, Nike's total revenue grew 7% to $5,079 million from $4,733 million in the prior-year quarter. The company continued to benefit from its strategy of consistently focusing on innovative products that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Forecast For March 21, 2011

Posted: 18 Mar 2011 06:32 PM PDT

By ForexMansion.com

 
The USD/CHF pair had a small pop today, but nothing to get too concerned about if you are shorting this pair. The preferred direction is still down as long as we stay under 0.92, with rallies simply being another opportunity to sell the dollar against the franc.
Any move above 0.93 would have to be considered a massive bull move, and would have us rethinking our position. Until then – this pair is a sell.

 
More March 21, 2011 Technical Analysis:

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


Stock Market Summary For Friday, March 18, 2011

Posted: 18 Mar 2011 06:28 PM PDT

Early 1% plus gains in the market for the major indexes were erased as the market gave back some and mostly closed at the bottom part of the day’s trading range. Investor participation was tough to judge as today was an options expiration session. Breadth came in at good levels. Keeping with the trend we are raising the support/resistance levels on the DJIA and S&P 500 (see below). We are keeping the support/resistance levels on the Nasdaq Composite the same (see below). Overall, based on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Forecast For March 21, 2011

Posted: 18 Mar 2011 06:18 PM PDT

By ForexMansion.com

 
The cable has found support at 1.60 as we reported to you a few days ago. Because of the longer-term trend, it appears that the slow grind will continue in this pair. Unless we see a close below that 1.60 area, this pair will continue to be bullish on the whole. However, it should be noted that 1.63 has served as resistance recently, and very well could again. This pair should continue to grind northward.

 
More March 21, 2011 Technical Analysis:

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


El Paso Offers To Redeem Notes

Posted: 18 Mar 2011 06:10 PM PDT

El Paso Corporation (NYSE:EP) announced a cash tender offer to redeem its seven series of outstanding senior notes. The cash tender offer expires on April 13, 2011. The coupon rate of the outstanding notes ranges from 7.75% to 12.00% and the maturity dates vary from 2012 to 2032.
The company has fixed an early tender date of March 29, 2011. The notes tendered on the scheduled date will receive $30 each per $1,000 principal amount of notes tendered and accepted for purchase.
In October 2010, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Starbucks Raises Coffee Prices In Supermarkets

Posted: 18 Mar 2011 06:00 PM PDT

03/18/11 Starrbucks increased prices for its packaged coffee sold in supermarkets. The price of arabica beans continue to climb, hurting the coffee … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bad Is Good When Times Change For The Worse

Posted: 18 Mar 2011 05:41 PM PDT

According to Wall Street lore, women’s hemlines tend to rise and fall with the economy. But that’s not the only thing that changes with the times. Historically, activities that might be restricted when conditions are good are often looked at in a more pragmatic light when the money dries up.
At that point, the notion of allowing the sale and consumption of marijuana and other “sinful” activities because they can be taxed begins to have a certain appeal to those on the left and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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