Friday, May 20, 2011

DailyMarkets.com - Markets In Everything: Post-Rapture Pet Rescue

DailyMarkets.com - Markets In Everything: Post-Rapture Pet Rescue


Markets In Everything: Post-Rapture Pet Rescue

Posted: 20 May 2011 04:13 PM PDT

“When the Rapture comes what’s to become of your loving pets who are left behind? Eternal Earth-Bound Pets takes that burden off your mind. We are a group of dedicated animal lovers, and atheists. Each Eternal Earth-Bound Pet representative is a confirmed atheist, and as such will still be here on Earth after you’ve received your reward. Our network of animal activists are committed to step in when you step up to Jesus.

Our service is plain and simple; our fee structure is reasonable. For … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Not Rocket Science

Posted: 20 May 2011 04:12 PM PDT

Economists and Wall Street “strategists” spend a great deal of time monitoring consumer expectations to try and get a read on future spending patterns. Presumably, such an approach would also make sense when it comes to the biggest purchase that most Americans might make in their lifetimes?
Under the circumstances, when we have reports like this:
“Most Americans Think Housing Recovery Won’t Happen Until 2014″ (Richmond Times-Dispatch)
Looking for light at the end of the housing tunnel four … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chrysler Lines Up $7.5B ReFi

Posted: 20 May 2011 04:05 PM PDT

Chrysler Group LLC, partly owned by Italy's Fiat SpA (FIATY), announced that it would raise $7.5 billion from bank loans and bond sales for paying off its U.S. government ($5.9 billion) and Canada government debts ($1.6 billion).
The Detroit-based automaker would issue $3.2 billion worth of bonds to investors in two tranches: $1.5 billion in eight-year notes with an 8% interest rate and $1.7 billion in 10-year notes with an 8.25% interest rate. It would also secure $4.3 billion in new bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Watchlist For Next Week

Posted: 20 May 2011 03:25 PM PDT

( click to enlarge )

Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) surged more than 7% to $1.38 per share on today’s session after announced that lorcaserin will be featured in presentations at ECO 2011, the 18th European Congress on Obesity. This event will take place May 25-28, 2011, at the Istanbul Convention & Exhibition Centre Lutfi Kirdar in Istanbul, Turkey. Lorcaserin is an investigational drug candidate intended for weight management, including weight loss and maintenance of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Don’t Rely On Easy Assumptions Of Efficient Market Theory

Posted: 20 May 2011 03:18 PM PDT

We couldn't agree with the infamous Dr. Benoit  Mandlebrot  more in this 2009 interview by Financial Times.     Nothing  can prevent a company from a price drop or becoming instantly worthless - NOW  is the time to start again with theories of markets. We can't rely on the easy assumptions of efficient markets and need to reevaluate our approaches and develop new theory.  Prices are discontinuous – there is no inertia.  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Moody’s Rates Magna Baa2

Posted: 20 May 2011 03:05 PM PDT

Magna International Inc. (NYSE:MGA) recently received an investment-grade rating of "Baa2" for its senior unsecured issuer rating from Moody’s Investors Service, the credit rating agency of Moody's Corporation (NYSE:MCO).
Moody's identifies Magna's vast global presence, strong market share and a solid balance sheet as the primary factors behind the rating. The company has its presence in 25 countries across the world through its 245 manufacturing operations and 80 product development and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Air Force Order For NOC

Posted: 20 May 2011 03:05 PM PDT

Defense Contractor Northrop Grumman Corporation (NYSE:NOC) said it has added a $48.7 million U.S. Air Force contract to its kitty to continue providing support for the Air Force's Battlefield Airborne Communications Node (BACN) system.
Northrop Grumman said the modification contract will entail providing continued management, engineering, implementation, test, site and training support to the network. Northrop began work on the BACN program as the prime contractor in April 2005, and primarily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: GPS, PLCE, CRM, BKS

Posted: 20 May 2011 02:30 PM PDT

05/19/11 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 Balance Transfer Credit Cards


Diamond’s New Deepwater Venture

Posted: 20 May 2011 02:25 PM PDT

Diamond Offshore Drilling Inc. (NYSE:DO) announced that it has awarded a newbuild contract for an ultra-deepwater drillship to Hyundai Heavy Industries Co. The contract is worth $610 million and represents the third under Hyundai.
Earlier in 2011, Diamond had placed orders for two similar drillships, Ocean BlackHawk and Ocean BlackHornet, which are currently under construction at the Hyundai yard. Delivery of the new drillship is scheduled for the second quarter of 2014 and the U.S. offshore … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Friday Economic Updates

Posted: 20 May 2011 02:25 PM PDT

1. Talent Shortage — “Employers say a talent shortage has saddled their efforts to fill jobs, according to a survey by ManpowerGroup. More than 50% of U.S. employers reported having difficulty filling “mission-critical” positions within their companies, up from 14% in 2010. Among the hardest positions to fill included jobs in skilled trades, sales and engineering.”

2. Las Vegas Home Sales are the highest for the month of April since 2006.   

3. Chile's economy expanded at 9.8% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hot Option Plays: Identifying Lepidopterans

Posted: 20 May 2011 02:18 PM PDT

Cusick’s Corner
This market just feels like volatility is ready to pounce. While that statement is not very scientific, there are strategic approaches that can take advantage of that volatility. For example, take a look at butterfly spreads which are traditionally done with either all calls or all puts. Traditional butterflies involve three strike prices that are created from the combination of both a long spread and a short spread. The expiration months and increments between strike prices for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down At The End Of U.S. Session

Posted: 20 May 2011 02:10 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4157, down 1.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4346, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.05% to hit 0.8722 and EUR/JPY falling 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pfizer’s Axitinib Encourages

Posted: 20 May 2011 02:05 PM PDT

Pfizer Inc. (NYSE:PFE) recently presented encouraging data on its oncology candidate, axitinib, from a pivotal phase III study.
The AXIS 1032 trial, which was conducted in patients with previously treated advanced renal cell carcinoma (RCC), showed that patients in the axitinib arm experienced a significant improvement in progression free survival (median of 6.7 months compared with 4.7 months) compared to patients being treated with Bayer/Onyx Pharma's (NASDAQ:ONXX) Nexavar (sorafenib).
Pfizer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Mylan Remains Neutral

Posted: 20 May 2011 02:05 PM PDT

We have maintained our Neutral recommendation on Mylan Inc. (NYSE:MYL) with a target price of $25.00 following an appraisal of first quarter 2011 financial results.
Mylan reported first quarter EPS of 44 cents, in line with the Zacks Consensus Estimate but well above the year-ago earnings of 36 cents per share. A higher quarterly tax rate, an increased share count and pricing pressure in Europe offset the increase in generics revenue in North America to deliver in line earnings growth.
Mylan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk-Reward Balanced At Allos

Posted: 20 May 2011 02:05 PM PDT

We are maintaining our Neutral recommendation on Allos Therapeutics Inc. (NASDAQ:ALTH) with a target price of $2.50.
Allos, founded in 1992 and headquartered in Westminster, Colorado, is a biopharmaceutical company focused on the development and commercialization of small molecule drugs for the treatment of cancer. The company, formerly known as HemoTech Sciences, Inc., changed its name to Allos Therapeutics, Inc. in October 1994.
Allos' sole marketed product is Folotyn (pralatrexate), approved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down At The End Of U.S. Session

Posted: 20 May 2011 02:05 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6231, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday&rsquo;s low, and resistance at 1.6304, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 1.05% to hit 0.8722 and GBP/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up At The End Of U.S. Session

Posted: 20 May 2011 02:00 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 81.71, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 80.68, Monday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.07% to hit 1.4157 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 20 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 81.65, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 80.68, Monday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.07% to hit 1.4157 and GBP/USD falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Neutral On Salix

Posted: 20 May 2011 01:35 PM PDT

Following the release of first quarter 2011 results, we are maintaining our Neutral recommendation on specialty pharmaceutical company Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP). Salix posted first quarter earnings of 34 cents per share, well above the Zacks Consensus Estimate of 18 cents. Salix had reported a loss of 33 cents in the year-ago quarter. Higher revenues drove results.
Although first quarter revenues increased 140.3% to $105.9 million, revenues fell short of the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


VMware Set To Acquire Shavlik

Posted: 20 May 2011 01:35 PM PDT

A leading provider of virtualization infrastructure software solutions, VMware Inc. (NYSE:VMW) recently signed a definitive agreement to acquire Shavlik Technologies. However, the terms of the agreement were not disclosed.
The acquisition is expected to be completed later this quarter, subject to satisfaction of customary closing conditions.
New Brighton, Minnesota-based Shavlik Technologies is a leading provider of cloud based information technology (IT) solutions for small and medium-sized … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


$600M Engine Deal For GE

Posted: 20 May 2011 01:35 PM PDT

Air Asia X, a three-year old Malaysian airline specializing in long-haul flights, negotiated an engine order with GE Aviation for three new A330-200 aircrafts. GE Aviation belongs to the General Electric Company (NYSE:GE) group.
The models, manufactured by Airbus, are gigantic planes capable of carrying 290 passengers from Kuala Lumpur to London. The planes are equipped with dual-engines making them one the most fuel-efficient aircraft in the market.
The deal is valued at $600 million and includes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 20 May 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4143, down 1.17% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4346, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.15% to hit 0.8713 and EUR/JPY falling 0.99% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Lower; Dow Jones Down 0.74%

Posted: 20 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.74%, the S&P 500 index shed 0.77%, while the Nasdaq 100 index declined 0.77%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 0.92%; Germany&rsquo;s DAX shed 1.24%; Britain&rsquo;s FTSE 100 declined 0.13%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Mopping Up Earnings Season

Posted: 20 May 2011 01:00 PM PDT

Earnings Preview 5/20/11

Earnings season is starting to wind down, with just a few stragglers left. A total of 99 firms are due to report, including 13 from the S&P 500. Mostly we are down to the retailers, many of which have fiscal period ends a month later than everyone else.

The firms reporting this week include AutoZone (NYSE:AZO), Applied Materials (NASDAQ:AMAT), Costco (NASDAQ:COST), Heinz (NYSE:HNZ) and Medtronic (NYSE:MDT). North of the border, the major Canadian banks will all be reporting, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude, Distillate Stocks Tick Down

Posted: 20 May 2011 01:00 PM PDT

The U.S. Energy Department’s weekly inventory release showed an unexpected drop in crude and distillate stockpiles, while gasoline supplies rose for the second straight week. Meanwhile, refiners improved processing rates by 1.5%.   
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Myriad’s New Prostate Cancer Study

Posted: 20 May 2011 01:00 PM PDT

Myriad Genetics (NASDAQ:MYGN) has decided to participate in the annual meeting of the American Society of Clinical Oncology (ASCO) from June 3 to June 7 in Chicago. The company plans to demonstrate a clinical study on prostate cancer.
The study incorporates the cell cycle progression (CCP) scores of 352 prostate cancer patients whose clinically localized disease was diagnosed by needle biopsy. It asserts that CCP score is more vital and predictive compared to the accepted traditional Gleason score … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Shell Finalizes LNG Vessel

Posted: 20 May 2011 01:00 PM PDT

Energy major Royal Dutch Shell plc (RDS.A) has approved the final investment decision for the proposed Prelude floating liquefied natural gas ("LNG") project in Australia. The green light for the development – located in the Browse basin off Western Australia’s northern coast – marks the first time that construction of such a vessel has been sanctioned anywhere.
The $10 billion facility, touted as the world's largest floating manmade object with a capacity of 3.6 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BofJ Keeps Interest Rate Unchanged

Posted: 20 May 2011 08:00 AM PDT

05/20/11 As expected, the Bank of Japan decided to keep its benchmark rate unchanged near at record lows as the nation just entered another recession following the natural disaster and nuclear … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The U.S. Session

Posted: 20 May 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6258, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday&rsquo;s low, and resistance at 1.6304, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 1.09% to hit 0.8718 and GBP/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Deckers To Acquire Sanuk

Posted: 20 May 2011 12:35 PM PDT

Deckers Outdoor Corporation (NASDAQ:DECK) recently announced that it has entered into asset purchase conformity to acquire the Sanuk brand with an initial payment of $120 million in cash. Sanuk is known for its exclusive sandals and shoes and notable marketing.
The agreement includes added participation payments based on the performance of the brand in the coming five years and contains certain assets and liabilities of the brand.
Deckers stated that the acquisition will be completed by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Honda Recalls Civics Again

Posted: 20 May 2011 12:35 PM PDT

Honda Motor Co. (NYSE:HMC) announced that it would recall 1,156 units of 2012 Civic compact car due to its defective fuel line. The recall would include many unsold units of the vehicle, which were put on sale earlier this spring.
The automaker revealed that the vehicles' fuel line could possibly leak due to a manufacturing defect. However, it has not yet received any reports of injuries or fires related to the defect.
Honda will begin notifying the customers about the recall from May 27. It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Deere Gets $168M Euro Loan

Posted: 20 May 2011 12:35 PM PDT

Deere & Company (NYSE:DE) has received a loan of 4.7 billion roubles or $168 million from the European Bank for Reconstruction and Development (EBRD) to set up a leasing firm in Russia. The loan with a five year term will support renewal of out dated farm equipment and will also target the forestry and construction industries.
Since the collapse of the erstwhile Soviet Union, the number of tractors and harvesters in Russia has been dwindling. The average age of agricultural equipment is above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Unemployment Down In 39 States

Posted: 20 May 2011 12:35 PM PDT

Geographically, the decline in unemployment has been widespread, but it still remains very high in most of the country. In April, the unemployment rate fell in 39 states and rose in three (plus DC). Relative to a year ago, the unemployment rate is down in 46 states (plus DC) and up in just three.

This is somewhat of a surprise, since the overall unemployment rate was 9.0% in April, up from 8.8% in March. The widespread declines from a year ago are not as unexpected, as the national rate was at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Coming Soon To America: Increased Wait Times?

Posted: 20 May 2011 12:19 PM PDT

GUARDIAN — “Doctors in the U.K. are blaming financial pressures on the National Health Service (NHS) for an increase in the number of patients who are not being treated within the 18 weeks that the government recommends. New NHS performance data reveal that the number of people in England who are being forced to wait more than 18 weeks has risen by 26% in the last year, while the number who had to wait longer than six months has shot up by 43%.

In March, 34,639 people, or 11% of the total, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In U.S. Trade

Posted: 20 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9725, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 0.9642, today&rsquo;s low, and resistance at 0.9794, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.78% to hit 1.4198 and GBP/USD rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cepheid Flexes Distribution Muscle

Posted: 20 May 2011 12:05 PM PDT

Based on a recent agreement, LABSCO has become the US distribution partner for Cepheid's (NASDAQ:CPHD) GeneXpert systems and tests. However, the higher throughput of GeneXpert Infinity system is not covered by the agreement. LABSCO is the largest privately held distributor of clinical products in the US.
The agreement provides LABSCO the exclusive US distribution rights to the acute care hospital market, those with less than 150 beds. Additionally, LABSCO will also have non-exclusive rights to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Ford Raises Prod. Capacity In India

Posted: 20 May 2011 12:05 PM PDT

Ford Motor Co. (NYSE:F) announced that it will invest $72 million to expand production capacity at its power train facility in Chennai, India in order to support its sales and exports growth.
The investment will enhance the plant's annual production capacity from 250,000 units to 330,000 units and will add a third production shift in the plant. The expansion will create more than 300 jobs and is expected to be completed in mid-2012.
Ford India President Michael Boneham stated that the expansion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TRW Launches New Airbag System

Posted: 20 May 2011 12:05 PM PDT

TRW Automotive Holdings Corp. (NYSE:TRW) announced the launch of its new ‘bag in roof’ airbag system replacing the typical passenger airbags that are mounted in the instrument panel. This new and compact airbag system will reduce the risk of passenger injuries and will also allow for improved interior design aesthetics, ergonomics and functionality.
The importance of occupancy safety systems is increasing with time as increasing focus is being placed on reducing road fatalities. With the trend, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jones Lang Stays Neutral

Posted: 20 May 2011 12:05 PM PDT

We maintain our Neutral rating on Jones Lang LaSalle, Inc. (NYSE:JLL), a leading real estate investment trust (REIT), as we anticipate it to perform in line with the broader market.
Chicago-based Jones Lang is a leading full-service real estate firm that provides corporate, financial, and investment management services to corporations and other real estate owners, users, and investors worldwide. A broad real estate product and service range, and extensive knowledge of domestic and international … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ACE Approves Dividend Hike (revised)

Posted: 20 May 2011 12:05 PM PDT

ACE Limited (NYSE:ACE) announced that its shareholders, in the Annual General Meeting, have approved a 6.1% increase in the quarterly dividend. Earlier, in February, the board of directors announced its intention to propose the dividend hike.

ACE will now pay a quarterly dividend of 35 cents ($1.40 on an annualized basis), up from 33 cents ($1.32 on an annualized basis) paid on April 22, 2011. Previously, the board increased the dividend announced – a 6.5% increase in the quarterly dividend to 33 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down In U.S. Trading Hours

Posted: 20 May 2011 11:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4216, down 0.66% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4346, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.96% to hit 0.8729 and EUR/JPY falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Notes 5.20.2011 – The Euro Ends Week Returning To Vulnerability

Posted: 20 May 2011 11:44 AM PDT

The market seemed to be brushing off recent headlines regarding the eurozone debt crisis. The euro was seen stabilizing across the board this week. Let's take a look at the EUR/USD, EUR/JPY, EUR/CHF, and EUR/GBP, EUR/CAD, and EUR/AUD charts as today's market put pressure back on the euro.
EUR/USD

Breaking a rising trendline of the week, the EUR/USD fell sharply today. The 4H chart shows maintenance of the bearish momentum, and price action suggests a retest of this week's low at 1.4050. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bullish Player Goes For Second Helping Of Kraft Call Options

Posted: 20 May 2011 11:29 AM PDT

Bullish player goes for second helping of Kraft call options
Today's tickers: KFT, GG, AEO & STEC
(NYSE:KFT) – Kraft Foods, Inc. – Retail-therapy may be less attractive today following disappointing reports from industry giants such as The Gap, Inc., but options traders are still managing to enhance bullish spirits by turning to food instead. Kraft Foods popped up on our scanners today due to heavy trading traffic in June contract call options. It looks like one player is extending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sony Faces Fresh Security Breach

Posted: 20 May 2011 08:00 AM PDT

Bullish View Of QE2 Ending

Posted: 20 May 2011 03:24 AM PDT

Found some bullish video (well I think its bullish) with Bob McTeer (former Fed governor) and CNBC Steve Leshman. Compare these comments with those by Flex Zuluaf, you have to make your own mind up.

Bob McTeer: “..gold and silver are bubbles, buy the dollar, if I had any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


SP500 Cycle Update

Posted: 20 May 2011 12:25 AM PDT

What leads, technicals or fundamentals? Does a price chart discount all fundamentals? These debates rage on, but I can say with the utmost accuracy that cycles are great for predicting in the next explosion of activity. A rally or a sell off, no matter cycles have an uncanny knack of being on the money when either is in the infant stages.

The latest cycle for the SP500 chart is below. The trend has been up and I have numbered the cycle tops from 1 to 5 in heavy red. One was the news of Greek … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Dollar And Oil Debate On CNBC Europe

Posted: 19 May 2011 10:00 PM PDT

While I was in London earlier this week, I joined CNBC Europe's Commodities Corner to discuss an earlier post regarding my Three Reasons to Believe in $100 Oil.
Of the three reasons I gave, most striking to this group was my belief that higher oil prices will continue because of a weakness in the dollar. What I explained during the discussion was that a falling dollar causes short-term volatility. As the demand for a particular type of commodity increases and the dollar weakens, or vice … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment