DailyMarkets.com - We Love Silver But We Respect The Trends – Be Careful

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• We Love Silver But We Respect The Trends – Be Careful
• China Relies On Varian
• Nike Misses, Stock Falls
• Onyx Pharma Upgraded To Neutral
• Natural Gas Futures Are Starting To Heat Up!
• Oil Drops After UN Resolution Of No-Fly Zone In Libya, Libyan Cease-fire
• Natural Gas Stocks Dip Further
• Honda Recalls Civics And Odysseys
• Forex – NZD/USD Up During The European Session
• USD/JPY Just Completed An ABC Correction Or Is Developing Impulse Wave
• Google GOOG Tests Critical Daily Confluence Support
• Simon’s New Mall In South Korea
• ProLogis’ Report On Obsolescence
• Stock Market News Briefs: Apple, Akamai Technologies, Dell, FedEx, Hewlett-Packard Company, Natural Resource Partners LP, ProLogis, United Community Banks
• Forex – EUR/CHF Up In European Trade
• Swiss Franc: Under Pressure
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• Euro: Under Pressure
• Manufacturing Fetishists And The Worrying Class
• Forex Trading: USDJPY Moves Toward Intraday Support Level
• Resistance Ahead. Trade Safely.
• EUR/USD Confirms With Bullish Momentum Heading Towards 1.4280
• PPG Industries Raises Prices
• Lululemon Surprises Estimates
• Abercrombie Stays Neutral
• Before The Bell
• Forex – USD/CAD Down On Economic Data
• Forex Trading: USDCHF Confined Between Trendlines
• Ding-dong-ditch: Is Anybody Home?
• Forex Trading: EURUSD Moves To New Day Highs. Resistance 1.4152
• G7 Undertakes Multilateral Intervention To Weaken Yen
• Canadian Consumer Price Inflation Rises Less-than-expected
• AUD/USD Zig Zags To Key Fibonacci Retracement Zone
• Japanese Waves Reach Walt’s Floor
• Forex – EUR/GBP Up During The European Session
• Forex – GBP/CHF Up In European Trade
• WisdomTree Launches New Active Bond ETF – Asia Local Debt Fund (ALD)
• Forex – AUD/USD Up In European Trading Hours
• Forex – USD/CHF Up During The European Session

We Love Silver But We Respect The Trends – Be Careful Posted: 18 Mar 2011 07:55 AM PDT We believe in investing in long term bull market trends.  To illustrate this point consider the following.  In theory, with only two trades and two and a half long term trends, an individual could have turned only $10,000 into more than $47.6 million dollars. The above chart helps illustrate the power of identifying a long term trend when it comes to building wealth.  However, the following arguments could be made in regards to the above chart. The chart does not consider … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Relies On Varian Posted: 18 Mar 2011 07:40 AM PDT Varian Medical Systems (NYSE:VAR) recently reported that it supplied the latest GammaMed brachytherapy afterloader to Jilin University No. 1 Hospital located in Jilin China. This sophisticated device is the first high dose rate afterloader supplied by Varian to a medical facility in that country. Jilin University No. 1 Hospital, the leading oncology care giver in the region, will soon offer cancer treatment using the new equipment. Under brachytherapy, cancer is treated by positioning a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nike Misses, Stock Falls Posted: 18 Mar 2011 07:35 AM 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

Onyx Pharma Upgraded To Neutral Posted: 18 Mar 2011 07:35 AM PDT We have upgraded our rating on Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) to Neutral from Underperform following the release of fourth quarter and fiscal year 2010 financial results. We were pleased to see an improvement in Nexavar sales. Global Nexavar sales, recorded by Bayer Healthcare (BAYRY), amounted to $934.0 million and $257.4 million for the full year and fourth quarter 2010, respectively, reflecting an increase of 11% and 9%. Nexavar sales for 2010 were above the company's guidance of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Natural Gas Futures Are Starting To Heat Up! Posted: 18 Mar 2011 07:18 AM PDT Today’s Idea With the potential of increased demand for Natural Gas looming, some traders who believe that a bottom is in place in the near-term may wish to explore selling puts in Natural Gas futures. For example, with May Natural Gas trading at 4.215 as of this writing, the May Natural Gas 3.80 puts could be sold for 0.044, or $440 per option, not including commissions. The premium received would be the maximum potential gain on the trade and would be realized at option expiration in late … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Drops After UN Resolution Of No-Fly Zone In Libya, Libyan Cease-fire Posted: 18 Mar 2011 07:09 AM PDT Developments in Libya took a turn for the better, as the UN passed a resolution Thursday evening to impose a no-fly zone over the North African nation and "use all necessary measure to protect civilians". The move was followed by Libya saying that it would halt its military operations – a de-facto ceasefire on its part. The line about protecting civilians was a sign that Western nations were ready to do more than just enforce a no-fly zone, with speculation they would conduct military … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Natural Gas Stocks Dip Further Posted: 18 Mar 2011 07:05 AM PDT The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to lower imports and a healthy drawdown in the Eastern region. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events. The report provides an overview of the level … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Honda Recalls Civics And Odysseys Posted: 18 Mar 2011 06:55 AM PDT Honda Motor Co. (NYSE:HMC) announced that it will recall 21,700 units of new Civic compact car and 33,000 units of Odyssey minivans in order to fix leaking fuel tanks and faulty windshield wiper rods, respectively. The recalled vehicles belong to the 2011 model year. Honda revealed that a plastic case that covers a valve in the fuel pump module could break or crack in the Civic. This, in turn, could result in a fuel leak in a rollover crash, thereby leading to a fire. The company stated that more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The European Session Posted: 18 Mar 2011 06:50 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday. NZD/USD was trading at 0.7271, up 1.28% at time of writing. The pair was likely to find support at 0.7118, Wednesday's low, and resistance at 0.7413, Monday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.08% to hit 1.3644 and EUR/NZD falling 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Just Completed An ABC Correction Or Is Developing Impulse Wave Posted: 18 Mar 2011 06:43 AM PDT USD/JPY Has Another Tail to Chew Through to the All-Time Low of 76.20 (3/17) USD/JPY - There was a multilateral intervention to weaken the Japanese Yen. This is the first concerted effort involving G7 nations, and might look to stabilize the yen. - Still there is a chance that the market completed an ABC correction, as seen in the 1H chart. If the market breaks back below 79.70, we most likely had a Dead Cat Bounce, and the market should be able to go back towards the 76.20 low. - Also, if … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Google GOOG Tests Critical Daily Confluence Support Posted: 18 Mar 2011 06:36 AM PDT I've been watching this level for a few days now and so far, a critical daily triple-confluence support level in Google (GOOG) is holding on cue. Let's take a quick look at this level and the implications if the level holds… or cracks. Unlike the broader market, Google has not participated in a seemingly non-stop upward rally.  Instead, price remained trapped in a $100 sideways trading range… and a $100 sideways range is huge compared to virtually all other stocks! So here we rest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Simon’s New Mall In South Korea Posted: 18 Mar 2011 06:35 AM PDT Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), has recently opened its second 'Premium Outlet Center' in South Korea to capitalize on the increasing fervor of premium shopping buzz spurred by an improvement in market fundamentals. The company inaugurated Paju Premium Outlets in Paju, which is located in close proximity to the northwest of downtown Seoul. Simon had developed the shopping center in partnership with Shinsegae – a South Korean department … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ProLogis’ Report On Obsolescence Posted: 18 Mar 2011 06:35 AM PDT ProLogis (NYSE:PLD), a leading global provider of distribution facilities, recently came out with its research report on the obsolescence faced by distribution facilities in Europe. The research report, titled "Obsolescence in Continental Europe’s Logistics Property Sector," has explored the various causes of obsolescence in the prime distribution warehouse market of the region and has outlined the probable after-effects. The distribution warehouse market in continental Europe emerged as a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Apple, Akamai Technologies, Dell, FedEx, Hewlett-Packard Company, Natural Resource Partners LP, ProLogis, United Community Banks Posted: 18 Mar 2011 06:35 AM PDT  FedEx (NYSE:FDX) reported Q3 EPS of $0.81, slightly lower than the Zacks Consensus Estimate of $0.82 per share  Stifel Nicolaus upgraded Akamai Technologies Inc. (NASDAQ:AKAM) from "Hold" to "Buy" rating   Motorola Mobility Holdings Inc.'s (MMI) reported its plans to trim prices on its "Wi-Fi only" version of its Xoom tablet  United Community Bank Inc.'s (NASDAQ:UCBI) shares rocketed 29.41% a day after it announced plans to raise $380 million  Coal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up In European Trade Posted: 18 Mar 2011 06:25 AM PDT Forex Pros – The Euro was higher against the Swiss Franc on Friday. EUR/CHF was trading at 1.2789, up 1.51% at time of writing. The pair was likely to find support at 1.2415, Wednesday's low, and resistance at 1.2971, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.83% to hit 1.4137 and EUR/JPY rising 3.79% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure Posted: 18 Mar 2011 06:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure Posted: 18 Mar 2011 06:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Under Pressure Posted: 18 Mar 2011 06:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure Posted: 18 Mar 2011 06:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manufacturing Fetishists And The Worrying Class Posted: 18 Mar 2011 06:19 AM PDT Don Boudreaux highlights an excellent BBC article about the manufacturing fetish of the “Worrying Class”: “The Worrying Class in developed countries laments: “We don’t make anything any more.” They fear that, as more people find employment in services, their nation loses the ability to provide for itself and gives up the “good jobs” which sustain the middle class.  They obsess about exports and trade imbalances while making a fetish of manufacturing and the blessings it brings to their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Moves Toward Intraday Support Level Posted: 18 Mar 2011 06:13 AM PDT The USDJPY is wandering down to the support against the 38.2% of the move higher on the intervention and the 200 bar MA on the 5 minute chart (see chart below). The minor profit taking came off the failure to move higher after the price moved back above the 100 bar MA in the early NY session.  Reports are that the global central banks have been present in the currency market on a consistent basis. So I would expect support on dips.  However, there could be times of selling that could … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Resistance Ahead. Trade Safely. Posted: 18 Mar 2011 06:13 AM PDT The market finally got an expected bounce yesterday, albeit a low volume one. The relative weakness in NASDAQ certainly deserves a mention and should be watched out for in the coming days. Despite the bounce yesterday and the futures being over 100 points up as I write this, the overall market charts still look very bearish. 1280 should be the first level to watch out for on SPX tomorrow. And of course further resistance, and perhaps much tougher resistance, lies ahead at around the 1300 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Confirms With Bullish Momentum Heading Towards 1.4280 Posted: 18 Mar 2011 06:11 AM PDT EUR/USD in a Bullish Breakout to 1.41, 1.4280 (3/17) EUR/USD - The bullish breakout is developing in further rally as anticipated yesterday. The first target between 1.4100 and 1.4130 has been reached. - This rally has bullish momentum confirmation as the RSI in both the 4H and 1H charts broke above 70 although the 4H RSI is still just kissing it. - The next target is the 1.4280-1.43 resistance area, above which 1.4380 is the next target. - Then even if the market appears to be very bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PPG Industries Raises Prices Posted: 18 Mar 2011 06:10 AM PDT Effective May 01, 2011, PPG Industries Inc. (NYSE:PPG) will increase the prices and implement surcharges for its electro coat primer line of transportation coatings and related products driven by higher costs for raw materials such as epoxy resins and titanium dioxide. The cost for raw materials increased due to the global demand, capacity constraints, outages and availability of feedstocks and intermediates. In January 2011, PPG Industries reported net income (GAAP) of $205 million or $1.24 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lululemon Surprises Estimates Posted: 18 Mar 2011 06:05 AM PDT Lululemon Athletica Inc. (NASDAQ:LULU), a Canada based yoga-inspired athletic apparel company, experienced one of the best financial results in its history with strong fourth-quarter 2010 results. The company has witnessed a consistent sales growth and margin expansion throughout its four quarters of fiscal 2010. Lululemon reported robust fourth-quarter 2010 earnings of 64 cents a share, up 60.0% from the year-ago figure of 40 cents and handily beating the Zacks Consensus Estimate of 57 cents. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Abercrombie Stays Neutral Posted: 18 Mar 2011 06:05 AM PDT We have maintained our long-term ‘Neutral’ recommendation on Abercrombie & Fitch Company (NYSE:ANF) with a target price of $56.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock. Ohio based, Abercrombie is one of the leading specialty retailers of premium casual apparels in the U.S. The company has a strong portfolio of well-established brands, each of which is focused on the unique characteristics and rapidly changing preferences of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell Posted: 18 Mar 2011 06:00 AM PDT 03/18/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data Posted: 18 Mar 2011 06:00 AM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on CPI. USD/CAD was trading at 0.9832, down 0.16% at time of writing. The pair was likely to find support at 0.9710, Monday's low, and resistance at 0.9974, Tuesday's high. Earlier in the day, official data showed that Consumer price inflation in Canada rose less-than-expected to a seasonally adjusted 0.30% last month from 0.30% in the preceding month. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Confined Between Trendlines Posted: 18 Mar 2011 05:56 AM PDT The USDCHF is confined by trendlines above and below. The downside trendline was just tested at the 0.8986 level and bounced higher. The topside has two trendlines to contend with. One is the trendline off the intraday highs in the hourly chart. That level comes in at the 0.9048 level. The next level is the trendline connecting highs from March 11th, 14th, and 16th. That level comes in at the 0.9065 level currently. The CHF has been a safe haven currency with all the turmoil.  The move … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ding-dong-ditch: Is Anybody Home? Posted: 18 Mar 2011 05:54 AM PDT The costly episode of knock-and-run initiated by a speculative element within the foreign exchange market after disaster struck Japan came to a crushing end on Friday. Dealers had been dashing up the driveway, ditching dollars, stealing yen and dinging on the doorbell in a quest to see whether anyone would ever open up. Today they got a rather loud answer as the door slammed opened and a torrent of official intervention was unleashed not just by Japan, but also from the global alliance of G7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves To New Day Highs. Resistance 1.4152 Posted: 18 Mar 2011 05:48 AM PDT The EURUSD has moved to new highs for the day and moves closer to trendline resistance off the hourly chart and the daily chart. Looking at the hourly chart the price has channel resistance at the 1.4152 level currently (see chart below). The pair based overnight against the 1.3979 level. This was a low in NY afternoon trading yesterday and proved to be a nice "remembered" line to trade against.  The topside trendline was broken and the price surged. Off the daily chart, if the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

G7 Undertakes Multilateral Intervention To Weaken Yen Posted: 18 Mar 2011 05:41 AM PDT It took most of the week, but late on Thursday evening, as Friday's morning Asian session commenced we saw the Bank of Japan/Ministry of Finance begin what was a multi-lateral intervention to weaken the Yen. It came after G7 finance ministers and central bank heads held a conference call in which they discussed the impact of the earthquake and Japan requested assistance in the form of coordinated intervention. The G7 statement read: ""In response to recent movements in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Consumer Price Inflation Rises Less-than-expected Posted: 18 Mar 2011 05:40 AM PDT Forex Pros – Consumer price inflation in Canada rose less-than-expected last month, official data showed on Friday. In a report, Statistics Canada said that Canadian consumer price inflation rose to a seasonally adjusted 0.30%, from 0.30% in the preceding month. Analysts had expected Canadian consumer price inflation to rise 0.40% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Zig Zags To Key Fibonacci Retracement Zone Posted: 18 Mar 2011 05:37 AM PDT AUD/USD Can go Down to 0.9550 Below 0.98 (3/16) AUD/USD - AUD/USD has broken below parity, and now below 0.98. The Aussie is in fact declining across the board, until today's session. - The pair broken below 0.98, but only to be rejected at 0.97 and rebounded to the 0.9950 area. This is between the 50% and 61.8% retracement level. - The market can remain bearish if it remains below 1.00. Besides, this pullback comes in a zig zag that is suggesting it is a correction to the bearish impulse … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Waves Reach Walt’s Floor Posted: 18 Mar 2011 05:21 AM PDT The tremor of the Japanese earthquake and tsunami reached the coasts of the U.S. as The Walt Disney Company (NYSE:DIS) discontinued its organizational operations in Japan, Bloomberg reported. The company suspended its theme park and Tokyo DisneySea operations as a safety measure taken to protect its employees and their families. Though it is unkind to worry about the revenue losses in the middle of catastrophic human affliction, it does incite a need to assess the impact of the temporary closures … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The European Session Posted: 18 Mar 2011 05:00 AM PDT Forex Pros – The Euro was higher against the British Pound on Friday. EUR/GBP was trading at 0.8747, up 0.66% at time of writing. The pair was likely to find support at 0.8626, Tuesday's low, and resistance at 0.8761, today's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.83% to hit 1.4137 and EUR/JPY rising 4.38% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Up In European Trade Posted: 18 Mar 2011 04:30 AM PDT Forex Pros – The British Pound was higher against the Swiss Franc on Friday. GBP/CHF was trading at 1.4557, up 0.39% at time of writing. The pair was likely to find support at 1.4292, Wednesday's low, and resistance at 1.4979, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.08% to hit 1.6150 and EUR/GBP rising 0.66% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WisdomTree Launches New Active Bond ETF – Asia Local Debt Fund (ALD) Posted: 18 Mar 2011 04:00 AM PDT On March 17th, WisdomTree launched its latest actively-managed bond ETF, following up on the success that it has seen in its Emerging Market Local Debt Fund (ELD: 50.98 0.00%) which has gathered $672 million in assets since its launch in August 2010. The new fund is called the WisdomTree Asia Local Debt Fund (ALD) and it will be actively-managed to provide investors with income and capital appreciation through exposure to local debt denominated in the currencies of Asia Pacific ex-Japan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In European Trading Hours Posted: 18 Mar 2011 04:00 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday. AUD/USD was trading at 0.9908, up 1.07% at time of writing. The pair was likely to find support at 0.9708, Wednesday's low, and resistance at 1.0112, Monday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.43% to hit 1.4242 and AUD/JPY rising 4.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The European Session Posted: 18 Mar 2011 03:20 AM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9032, up 0.51% at time of writing. The pair was likely to find support at 0.8910, Wednesday's low, and resistance at 0.9316, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.46% to hit 1.4085 and USD/JPY rising 3.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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