DailyMarkets.com - The QE2 Uptrend Finally Cracks |
- The QE2 Uptrend Finally Cracks
- Forex – AUD/USD Down In European Trading Hours
- Forex – USD/CHF Up During The European Session
- Forex – USD/JPY Down In European Trade
- Forex – EUR/USD Up In European Trading Hours
- Forex – GBP/USD Down During The European Session
- Bear Of The Day: Gerdau S.A.
- Growth & Income Stock: Standard Motor Products, Inc.
- Bull Of The Day: J.C. Penney Co., Inc. (JCP)
- Momentum Stock: Wynn Resorts Ltd
- Aggressive Growth Stock: Tempur-Pedic
- Asian Markets Close Lower; Nikkei Down 1.72%
- Why Obama Isn’t Fighting The Budget Battle
- Forex – EUR/USD Up During The Asian Session
- Forex – GBP/USD Up In Asian Trade
- Forex – EUR/CHF Up In Asian Trading Hours
- Classic Milton Friedman Greed Lecture On CNBC
- Forex – USD/CHF Down During Asian Trade
- Collective Bargaining Abuse Examples In Wisconsin
- Forex – EUR/GBP Up During The Asian Session
- Singapore Stock Market Update For Friday 11 March
- Forex – USD/JPY Down During Asian Trade
- Forex – USD/CAD Down In Asian Trading Hours
- Forex – AUD/USD Up During Asian Trade
- Will March 11th Bring “Day Of Rage” In Saudi Arabia?
- Stock Market Summary For Thursday, March 10, 2011
| The QE2 Uptrend Finally Cracks Posted: 11 Mar 2011 03:42 AM PST Today was a damaging day as the 50-day SMA was finally broken intraday, we bounced, and ended up closing below it near the lows of the day, a very bad sign. The bottom bollinger band was broken in the S&P 500 (SPX), another bad sign. The last level of support before a larger fall can take place was the lows of today around 1294 which was support established on Feb 24th. A move below that is likely to see us test 1275 and then the 100-day SMA of 1255. We are still in an QE environment … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down In European Trading Hours Posted: 11 Mar 2011 03:00 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 0.9994, down 0.13% at time of writing. The pair was likely to find support at 0.9970, today's low, and resistance at 1.0186, Monday'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 1.3783 and AUD/JPY falling 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Up During The European Session Posted: 11 Mar 2011 02:20 AM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9332, up 0.12% at time of writing. The pair was likely to find support at 0.9236, Monday's low, and resistance at 0.9370, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.07% to hit 1.3788 and USD/JPY falling 0.89% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down In European Trade Posted: 11 Mar 2011 01:30 AM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 82.78, down 0.23% at time of writing. The pair was likely to find support at 81.95, Monday's low, and resistance at 83.30, today's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.16% to hit 1.3818 and GBP/USD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up In European Trading Hours Posted: 11 Mar 2011 12:55 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3831, up 0.25% at time of writing. The pair was likely to find support at 1.3776, Thursday's low, and resistance at 1.4036, Monday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8619 and EUR/JPY falling 0.01% 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 European Session Posted: 11 Mar 2011 12:10 AM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.6048, down 0.07% at time of writing. The pair was likely to find support at 1.6026, today's low, and resistance at 1.6341, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8620 and GBP/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 11:05 PM PST Gerdau S.A. (NYSE:GGB) is one of the leading low-cost steel producing companies. Despite this, there were negative sentiments for Gerdau as the company posted weak fourth quarter results, having been hurt primarily by higher raw material costs.
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| Growth & Income Stock: Standard Motor Products, Inc. Posted: 10 Mar 2011 11:05 PM PST The automobile rebound has been one of the biggest success stories of the global recovery. Standard Motor Products, Inc. (NYSE:SMP) saw sales leap 8% in Q4 as the auto parts business remained strong.
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| Bull Of The Day: J.C. Penney Co., Inc. (JCP) Posted: 10 Mar 2011 11:05 PM PST J.C. Penney’s (NYSE:JCP) well diversified supplier base, compelling merchandise, marketing campaigns, technological initiatives as well as effective cost and inventory management should drive sales and improve margin trends over the long term.
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| Momentum Stock: Wynn Resorts Ltd Posted: 10 Mar 2011 11:05 PM PST Wynn Resorts Ltd (NASDAQ:WYNN) recently hit a new multi-year high above $126 as the company’s China based Macau resort continues to see huge gains. With a recent 44% earnings surprise and bullish 33% growth projection, this Zacks #2 rank stock has all the right moves.
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| Aggressive Growth Stock: Tempur-Pedic Posted: 10 Mar 2011 11:05 PM PST Tempur-Pedic (NYSE:TPX) analysts continue to push expectations higher, but the company keeps topping even the most bullish analysts. Shares have been surging for 2 years, but the estimates are rising even faster.
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| Asian Markets Close Lower; Nikkei Down 1.72% Posted: 10 Mar 2011 11:00 PM PST Forex Pros – Asian stocks were down after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index fell 1.72%, Australia's S&P/ASX 200 index shed 1.17%, while Hong Kong's Hang Seng Index was trading 1.64% down. Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.43%, S&P 500 futures pointed to a decrease of 0.36% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why Obama Isn’t Fighting The Budget Battle Posted: 10 Mar 2011 10:52 PM PST In the next week the action moves from Wisconsin to Washington, where the deadline looms for a possible government shutdown over the federal budget. President Obama has to take a more direct and personal role in that budget battle – both for the economy's sake and for the sake of his reelection. But will he? Don't count on it. Worried congressional Democrats say the President needs to use his bully pulpit to counter defections in Democatic ranks, such as the ten Democrats and one … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up During The Asian Session Posted: 10 Mar 2011 10:20 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3805, up 0.06% at time of writing. The pair was likely to find support at 1.3776, Thursday's low, and resistance at 1.4036, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8598 and EUR/JPY rising 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up In Asian Trade Posted: 10 Mar 2011 09:50 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6060, up 0.001% at time of writing. The pair was likely to find support at 1.6040, Thursday's low, and resistance at 1.6341, Monday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8607 and GBP/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/CHF Up In Asian Trading Hours Posted: 10 Mar 2011 09:20 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Friday. EUR/CHF was trading at 1.2870, up 0.09% at time of writing. The pair was likely to find support at 1.2832, Thursday's low, and resistance at 1.3040, Tuesday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3825 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Classic Milton Friedman Greed Lecture On CNBC Posted: 10 Mar 2011 08:54 PM PST In this classic 1979 video, Milton Friedman famously "schooled" talk-show host Phil Donahue on the nature of greed and the virtues of capitalism. Portions of this Friedman segment are currently being featured on CNBC commercials. I’ll never get tired of watching this – it’s Friedman at his best, and in his prime. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Down During Asian Trade Posted: 10 Mar 2011 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday. USD/CHF was trading at 0.9310, down 0.11% at time of writing. The pair was likely to find support at 0.9236, Monday's low, and resistance at 0.9370, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3825 and USD/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Collective Bargaining Abuse Examples In Wisconsin Posted: 10 Mar 2011 08:27 PM PST Earlier this week, Wisconsin Governor Scott Walker's office released some specific examples of how collective bargaining abuses significantly increase costs to Wisconsin taxpayers, and how reforming collective bargaining in the state will save taxpayers millions of dollars annually (link). I’m sure these collective bargaining abuses are common in other states as well, and helps put the whole issue into perspective: 1. In 2009, the City of Madison's highest paid employee was a bus … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Up During The Asian Session Posted: 10 Mar 2011 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Friday. EUR/GBP was trading at 0.8601, up 0.12% at time of writing. The pair was likely to find support at 0.8534, Thursday's low, and resistance at 0.8636, Tuesday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3824 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Friday 11 March Posted: 10 Mar 2011 08:17 PM PST Morning Highlights Singapore stocks fell in opening trades, with STI down 22.37 points to open at 3053.07. Other Asian stock markets were also weaker as signs of growing political instability in the Middle East and North Africa fueled fears of a spike in oil prices that would undermine global economic growth. Dow Jones Industrial Average finished with its biggest point and percentage drop since Aug. 11 as it shed 228.48 points, or 1.87%, to 11984.61. U.S. imports jumped … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down During Asian Trade Posted: 10 Mar 2011 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 82.81, down 0.20% at time of writing. The pair was likely to find support at 81.95, Monday's low, and resistance at 83.17, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3825 and GBP/USD rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Down In Asian Trading Hours Posted: 10 Mar 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday. USD/CAD was trading at 0.9742, down 0.18% at time of writing. The pair was likely to find support at 0.9668, Wednesday's low, and resistance at 0.9767, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.21% to hit 1.3825 and GBP/USD rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up During Asian Trade Posted: 10 Mar 2011 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday. AUD/USD was trading at 1.0033, up 0.25% at time of writing. The pair was likely to find support at 0.9991, Thursday's low, and resistance at 1.0186, Monday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.04% to hit 1.3782 and AUD/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Will March 11th Bring “Day Of Rage” In Saudi Arabia? Posted: 10 Mar 2011 06:14 PM PST Tunisia, Egypt, Libya. What nation is next on the hit parade of social unrest in the Middle East? Could it be the oil exporting nation of Saudi Arabia? What would civil unrest in that nation mean to the price of oil and oil-related products worldwide? How high might the price of gas rise in our nation?
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| Stock Market Summary For Thursday, March 10, 2011 Posted: 10 Mar 2011 05:46 PM PST The market declined significantly today with investors selling shares heavily. Market breadth was clearly negative. As a result, we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below). The DJIA and S&P 500 are now below the 12,000 and 1,300 mental levels, respectively. The S&P 500 did close at its support level of 1,295. Overall, as we have been saying defense remains the smart move right now based on the stock market … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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