DailyMarkets.com - Now Isn’t The Time To Be Selling Your Gold, Silver Or Mining Stocks

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• Now Isn’t The Time To Be Selling Your Gold, Silver Or Mining Stocks
• Is This Market Ready To Bottom?
• Forex – Dollar Posts Modest Gains Against Swiss Franc As Risks Remain
• Euro Stocks Up As Deutsche Telekom Soars; DAX Jumps 1.8%
• Forex – Dollar Broadly Higher Vs. Rivals As Risk Appetite Recovers
• Long And Short Stock Setups – Part 2
• Forex – GBP/USD Edges Higher But Gains Limited
• Forex – EUR/USD Eases Off 4-month High Amid Profit Taking
• Forex – AUD/USD Surges To 4-day High In Steady Trade
• Forex Trading: USD/JPY Firmer
• Forex – NZD/USD Eases Up To 3-day High As Risk Sentiment Improves
• Asia Stocks Broadly Higher On Oil Producers; Nikkei Closed
• Forex – Yen Dips Against Dollar In Thin Holiday Trade
• Is It Time To Buy Google?
• Forex – EUR/USD Down During The Asian Session
• Bear Of The Day: Companhia Siderurgica Nacional
• Momentum Stock: Ulta Salon Cosmetics & Fragrance, Inc.
• Growth & Income Stock: TELUS Corp
• Bull Of The Day: AMERCO, Inc. (UHAL)
• Aggressive Growth Stock: Coherent Inc
• Forex – GBP/USD Down In Asian Trade
• Long And Short Stock Setups – Part 1
• Forex – EUR/CHF Up In Asian Trading Hours
• Quake Response Puts Yen On The Line
• Forex – USD/CHF Up During The Asian Session
• Forex – EUR/GBP Up In Asian Trade
• Forex – USD/JPY Up In Asian Trading Hours
• Forex – USD/CAD Down During The Asian Session
• Forex – AUD/USD Up In Asian Trade
• Things Are Less Than They Seem
• Forex – GBP/CHF Up In Asian Trading Hours
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Up In Asian Trade

Now Isn’t The Time To Be Selling Your Gold, Silver Or Mining Stocks Posted: 21 Mar 2011 03:50 AM PDT For months and months I’ve been warning investors that the dollar was going to come under extreme pressure sometime this year. I expected it to probably happen in the spring. Many people thought I was nuts. They were sure it was the Euro that would collapse, despite the fact that the EU is doing everything they can to protect their currency while Bernanke is doing everything he can to destroy ours. On Friday the last confirmation occurred to signal the final collapse is now underway. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is This Market Ready To Bottom? Posted: 21 Mar 2011 03:25 AM PDT It appears that many of the international reasons to panic are coming to a head so will hopefully see less of an impact this week.  Last week ended up being the worst week in the market since August of last year but we were long overdue for a pullback so this was no big surprise.  We have been warning since before the top that a selloff was coming and to avoid initiating any new long positions.  We were right so we were able to avoid most of the pain that Wall Street has been feeling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Posts Modest Gains Against Swiss Franc As Risks Remain Posted: 21 Mar 2011 03:11 AM PDT Forex Pros – The U.S. dollar posted modest gains against the Swiss franc on Monday, amid optimism over progress in resolving Japan's nuclear crisis, while the prospect of further intervention to keep the yen in check also weighed on the franc. USD/CHF hit 0.9068 during European morning trade, the daily high; the pair subsequently consolidated at 0.9058, gaining 0.51%. The pair was likely to find support at 0.8974, Friday's low and resistance at 0.9197, last Wednesday's high. Earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Stocks Up As Deutsche Telekom Soars; DAX Jumps 1.8% Posted: 21 Mar 2011 03:07 AM PDT Forex Pros – European stock markets were sharply higher on Monday, as fears over Japan's nuclear crisis eased and shares in the telecom sector performed strongly, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 surged 1.75%, France's CAC 40 jumped 1.8%, while Germany’s DAX 30 rallied 1.8%. Earlier in the day, the operator of the stricken Fukushima nuclear power plant, Tokyo Electric Power Co. said some reactors had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher Vs. Rivals As Risk Appetite Recovers Posted: 21 Mar 2011 02:36 AM PDT Forex Pros – The U.S. dollar was broadly higher against its major rivals on Monday as concerns over the nuclear crisis in Japan eased while the threat of further intervention to stem the yen's gains kept markets in check. During European morning trade, the greenback was up against the yen, with USD/JPY climbing 0.74% to hit 81.17. Earlier Monday, workers at the stricken Fukushima nuclear power plant, 155 miles north of Tokyo, managed to rig power cables to all six reactors at the complex … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Long And Short Stock Setups – Part 2 Posted: 21 Mar 2011 02:30 AM PDT Here are some more setups I like heading into next week. Like I said in the last post, the markets are currently still run my news rather than technicals, so I am posting both long and short setups to be prepared for any eventuality. Callaway Golf (NYSE:ELY) – Weak bounce after a big move down. Resistance at 7-7.15 and support at 6.60. A short at test of resistance or break of 6.60. Guess (NYSE:GES) – Another short play. MA(200) and gap resistance should be tough to break. Watch out … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Edges Higher But Gains Limited Posted: 21 Mar 2011 02:23 AM PDT Forex Pros – The pound edged higher against the U.S. dollar on Monday, but gains were limited as concerns over Japan's nuclear crisis and ongoing military actions in Libya weighed on risk appetite. GBP/USD hit 1.6254 during European morning trade, the daily high; the pair subsequently consolidated at 1.6241, easing up 0.05%. Cable was likely to find support at 1.6059, Friday's low and resistance at 1.6341, the high of March 7. Earlier in the day, workers at the stricken Fukushima … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Eases Off 4-month High Amid Profit Taking Posted: 21 Mar 2011 01:39 AM PDT Forex Pros – The euro dipped against the U.S. dollar amid profit taking on Monday, after rallying to a four-month high on the back of expectations for a short-term interest rate hike by the European Central Bank. EUR/USD hit 1.4157 during early European trade, the daily low; the pair subsequently consolidated at 1.4163, slipping 0.13%. The pair was likely to find support at 1.3979, Friday's low and short-term resistance at 1.4195, the days high and a four-month high. On Friday, ECB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Surges To 4-day High In Steady Trade Posted: 21 Mar 2011 01:14 AM PDT Forex Pros – The Australian dollar climbed to a four-day high against its U.S. counterpart in steady trade on Monday, shrugging off concerns over military action in Libya and amid optimism over progress in resolving Japan's nuclear crisis. AUD/USD hit 1.0042 during late Asian trade, the pair's highest since March 15; the pair subsequently consolidated at 1.0032, advancing 0.73%. The pair was likely to find support at 0.9780, Friday's low and resistance at 1.0105, the high of March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/JPY Firmer Posted: 21 Mar 2011 01:07 AM PDT The week has been off to a slow start as the global market awaits updates on the disaster in Japan. As you can see below, USD/JPY has been trading in a close 20 point range until it made an attempt higher breaking though the 23.6% fibo line on the move from March 17th lows to Friday's high. Earlier, Japanese PM Kan made comments that the situation involving their nuclear power plant is improving slightly. A further move higher could see the pair trade towards the 200 hour moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Eases Up To 3-day High As Risk Sentiment Improves Posted: 21 Mar 2011 01:03 AM PDT Forex Pros – The New Zealand dollar eased up to a three-day high against its U.S. counterpart in quiet trade on Monday, as optimism over progress in resolving Japan's nuclear crisis was offset by concerns over military action in Libya. NZD/USD hit 0.7345 during late Asian trade, the pair's highest since last Wednesday; the pair subsequently consolidated at 0.7333, gaining 0.31%. The pair was likely to find support at 0.7179, Friday's low and resistance at 0.740, last Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Broadly Higher On Oil Producers; Nikkei Closed Posted: 21 Mar 2011 12:48 AM PDT Forex Pros – Asian stocks were broadly higher on Monday, as concerns over Japan's nuclear crisis eased, while shares in the energy sector led gains as crude oil prices advanced amid ongoing tensions in North Africa and the Middle East. During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.45%, South Korea’s Kospi Composite gained 1.13%, while Japan's Nikkei 225 Index was closed for a public holiday. Japanese officials said that the country had made progress with its nuclear … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Yen Dips Against Dollar In Thin Holiday Trade Posted: 21 Mar 2011 12:38 AM PDT Forex Pros – The yen dipped slightly lower against the U.S. dollar on Monday, after Friday's intervention by the Group of Seven nations to weaken it, while markets in Japan remained closed for a holiday, sapping liquidity. USD/JPY hit 81.03 during late Asian trade, the daily high; the pair subsequently consolidated at 81.01, easing up 0.55%. The pair was likely to find support at 79.06, Friday's low and resistance at 81.98, the high of the same day. The yen's losses were limited amid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is It Time To Buy Google? Posted: 21 Mar 2011 12:23 AM PDT Some time ago I caught Reggie Middleton of BoomBustBlog.com on TV saying he was very bullish on Google (NASDAQ:GOOG). The prime reason behind this was Google dominant positioning within the mobile advertising market via it acquisition of Admob (Androids mobile OS). Ok we believe him, but we required GOOG to sell off to let us in at a decent price. We have a sell off, but should we buy. Source: An Analysis and Valuation of the Success Story Formally Known as Android Reggie comments was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 20 Mar 2011 11:10 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.4168, down 0.10% at time of writing. The pair was likely to find support at 1.3864, Tuesday's low, and resistance at 1.4197, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8736 and EUR/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Companhia Siderurgica Nacional Posted: 20 Mar 2011 11:05 PM PDT Companhia Siderurgica Nacional (NYSE:SID), or CSN, stands well-positioned to benefit from its diversified businesses and improving global steel markets. However, it posted rather disappointing third quarter results — well below the Zacks Estimate of US$0.36 per ADR. We therefore expect weak results going forward, as the de-stocking process in the Brazilian steel market will lower domestic shipments (87% of sales) and induce exports. Moreover, rising manufacturing cost is a constant cause for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Ulta Salon Cosmetics & Fragrance, Inc. Posted: 20 Mar 2011 11:05 PM PDT Ulta Salon Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) just hit a new 52-week high after reporting impressive Q4 results that included an 11% earnings surprise. With an average earnings surprise of 17% over the last four quarters and bullish growth projection, this Zacks #1 rank stock offers a momentum makeover. Company Description Ulta Salon operates as a beauty retailer selling various cosmetic and salon products and services in the United States. The company was founded in 1990 and has a market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: TELUS Corp Posted: 20 Mar 2011 11:05 PM PDT TELUS Corp (NYSE:TU) recently reported its fourth consecutive positive earnings surprise. Its wireless division continues to be its main driver of growth. Analysts have been revising their estimates higher over the last several months as TELUS continues to outperform expectations. The stock also pays a dividend that yields a juicy 4.6%. Shares are cheap too, trading with a PEG ratio of 0.85. Estimates Rising Management reiterated its guidance for 2011 following a solid Q4 performance. Estimates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: AMERCO, Inc. (UHAL) Posted: 20 Mar 2011 11:05 PM PDT AMERCO Inc. (NASDAQ:UHAL) is the parent company of U-Haul International, the largest consumer truck rental company in the world. It is also the second largest self-storage company in North America. The impact of the decline in housing and a decrease in apartment occupancy rates appears to have ended. We expect continued improvements in operating parameters. The stock has usually been valued on EBITDAL (EBITDA plus lease expense) per share, selling between two and three times EBITDAL. The stock has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Coherent Inc Posted: 20 Mar 2011 11:05 PM PDT Coherent, Inc. (NASDAQ:COHR) has given investors plenty of reasons to be optimistic. Estimates are climbing and shares are now a Zacks #1 Rank (Strong Buy). Shares have sold off sharply but if you can stomach the ride it could be a great time buy up shares at a discount. Company Description Coherent provides photonics-based solutions for commercial and scientific researcher markets, including lasers, precision optics and related items. Sales Jump 49% Coherent announced its first-quarter results for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down In Asian Trade Posted: 20 Mar 2011 10:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.6213, down 0.13% at time of writing. The pair was likely to find support at 1.5975, Tuesday's low, and resistance at 1.6256, Thursday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8742 and GBP/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Long And Short Stock Setups – Part 1 Posted: 20 Mar 2011 10:13 PM PDT The technicals suggest that the markets are setting up for another move down, but with news still being the dominating factor for these markets, I thought it is better to be prepared for any eventuality, so here are some long and short plays that I like for next week. American Electric Power (NYSE:AEP) – Weak rally on Friday considering the magnitude of the down move last week. Like it as a short on a test of MA(20) or on new lows. Aflac (NYSE:AFL) – Weak consolidation after a big … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up In Asian Trading Hours Posted: 20 Mar 2011 10:10 PM PDT Forex Pros – The Euro was higher against the Swiss Franc on Monday. EUR/CHF was trading at 1.2824, up 0.34% at time of writing. The pair was likely to find support at 1.2419, Tuesday's low, and resistance at 1.2855, Tuesday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.4173 and EUR/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quake Response Puts Yen On The Line Posted: 20 Mar 2011 10:01 PM PDT One of the immediate financial consequences of the catastrophic Japanese earthquake is that Japan needs to call on its huge cache of foreign exchange reserves to rebuild its shattered infrastructure. To pay for domestic projects, Japan will require yen - not dollars, euros or Swiss francs. As a result of these conversions, the yen rallied considerably after the quake struck. But a surging yen runs counter to the macro-economic currency plans favored by most global economists. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session Posted: 20 Mar 2011 09:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.9051, up 0.43% at time of writing. The pair was likely to find support at 0.8919, Tuesday's low, and resistance at 0.9201, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.07% to hit 1.4172 and USD/JPY rising 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up In Asian Trade Posted: 20 Mar 2011 09:10 PM PDT Forex Pros – The Euro was higher against the British Pound on Monday. EUR/GBP was trading at 0.8743, up 0.08% at time of writing. The pair was likely to find support at 0.8658, Tuesday's low, and resistance at 0.8762, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.08% to hit 1.4170 and EUR/JPY rising 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up In Asian Trading Hours Posted: 20 Mar 2011 08:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 80.91, up 0.41% at time of writing. The pair was likely to find support at 76.50, Tuesday's low, and resistance at 82.00, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.4172 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 Down During The Asian Session Posted: 20 Mar 2011 08:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9828, down 0.18% at time of writing. The pair was likely to find support at 0.9798, Thursday's low, and resistance at 0.9973, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.05% to hit 1.4175 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In Asian Trade Posted: 20 Mar 2011 07:30 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday. AUD/USD was trading at 1.0010, up 0.50% at time of writing. The pair was likely to find support at 0.9700, Tuesday's low, and resistance at 1.0012, today's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.51% to hit 1.4167 and AUD/JPY rising 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Things Are Less Than They Seem Posted: 20 Mar 2011 07:09 PM PDT The bulls say that the U.S. economy is on the mend. Superficially, at least, that seems to be true. The unemployment rate shows signs of having topped out. Household finances appear to be in better shape than they were. Americans are surviving and spending despite everything that has occurred. However, when you dig down below the surface, you notice things are somewhat less than they seem. Here’s one article, for example, that suggests Americans’ personal balance sheets are not necessarily … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Up In Asian Trading Hours Posted: 20 Mar 2011 07:05 PM PDT Forex Pros – The British Pound was higher against the Swiss Franc on Monday. GBP/CHF was trading at 1.4666, up 0.30% at time of writing. The pair was likely to find support at 1.4293, Tuesday's low, and resistance at 1.4809, Tuesday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.06% to hit 1.6222 and EUR/GBP rising 0.03% 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: 20 Mar 2011 06:35 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.4175, down 0.05% at time of writing. The pair was likely to find support at 1.3864, Tuesday's low, and resistance at 1.4197, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8741 and EUR/JPY rising 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up In Asian Trade Posted: 20 Mar 2011 06:00 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Monday. EUR/JPY was trading at 114.65, up 0.33% at time of writing. The pair was likely to find support at 106.49, Tuesday's low, and resistance at 115.56, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.15% to hit 1.4161 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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