Monday, August 15, 2011

DailyMarkets.com - European Stocks Up, But Off Earlier Highs; DAX Gains 0.9%

DailyMarkets.com - European Stocks Up, But Off Earlier Highs; DAX Gains 0.9%


European Stocks Up, But Off Earlier Highs; DAX Gains 0.9%

Posted: 15 Aug 2011 03:03 AM PDT

Forexpros – European stock markets were broadly higher on Monday, but off the session highs as better-than-expected Japanese economic data helped ease fears over the global economic outlook, however worries over the euro zone&rsquo;s debt crisis continued to weigh.<br />&nbsp;<br />During European morning trade, the EURO STOXX 50 rose 0.4%, France&rsquo;s CAC 40 advanced 0.3%, while Germany&rsquo;s DAX 30 jumped 0.9%.<br /><br />Preliminary data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Lower Vs. Most Rivals As Risk Sentiment Improves

Posted: 15 Aug 2011 02:33 AM PDT

Forexpros – The U.S. dollar was lower against most of its major counterparts on Monday, as better-than-expected Japanese economic data helped ease fears over the global economic outlook, boosting appetite for riskier assets.<br /><br />During European morning trade, the greenback was down against the euro, with EUR/USD gaining 0.49% to hit 1.4319.<br /><br />European Union Economic and Monetary Commissioner Olli Rehn said in an interview published Monday that Italy, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Edge Higher As Demand Concerns Ease

Posted: 15 Aug 2011 02:15 AM PDT

Forexpros – Crude oil futures were up on Monday, as better-than-expected Japanese economic data and strong U.S. retail sales figures helped ease fears over the global economic outlook, boosting demand for riskier assets.&nbsp; <br />&nbsp;<br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD86.02 a barrel during European morning trade, gaining 0.38%.&nbsp; <br /><br />It earlier rose as much as 0.45% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Ease Down As Global Growth Fears Recede

Posted: 15 Aug 2011 01:52 AM PDT

Forexpros – Gold futures were down for a third day on Monday, as better-than-expected Japanese economic data helped ease fears over the global economic outlook, but losses were limited by a broadly weaker U.S. dollar. <br />&nbsp;<br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,743.95 a troy ounce during early European trade, edging 0.21% lower.&nbsp;&nbsp; <br /><br />It earlier fell as much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Rises Above 1.63 On Global Economic Outlook

Posted: 15 Aug 2011 01:34 AM PDT

Forexpros – The pound was up against the U.S. dollar on Monday, trading close to a three-day high as better-than-expected Japanese economic data helped ease fears over the global economic outlook.<br /><br />GBP/USD hit 1.6307 during early European trade, the daily high; the pair subsequently consolidated at 1.6301, gaining 0.13%.<br /><br />Cable was likely to find support at 1.6165, last Friday&rsquo;s low and resistance at 1.6409, the high of August 9.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Edges Higher As Noda Pledges “bold Action”

Posted: 15 Aug 2011 01:04 AM PDT

Forexpros – The U.S. dollar edged higher against the yen on Monday, after Finance Minister Yoshihiko Noda pledged to take &ldquo;bold action&rdquo; to curb gains in the yen, signaling that Tokyo was considering further action to weaken the currency.<br /><br />USD/JPY hit 77.09 during late Asian trade, the highest since August 11; the pair subsequently consolidated at 76.86, gaining 0.22%.<br /><br />The pair was likely to find support at 76.29, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Edges Higher As Risk Appetite Firms

Posted: 15 Aug 2011 12:35 AM PDT

Forexpros – The New Zealand dollar edged higher against its U.S. counterpart on Monday, climbing to a three-day high as risk appetite firmed after better-than-expected Japanese economic data and strong U.S. retail sales figures helped ease concerns over the global economy. <br /><br />NZD/USD hit 0.8389 during late Asian trade, the highest since August 10; the pair subsequently consolidated at 0.8366, gaining 0.52%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Switzerland PPI Declines More-than-expected In July

Posted: 15 Aug 2011 12:24 AM PDT

Forexpros – Switzerland’s producer price index fell more-than-expected in July, official data showed on Monday.<br /><br />The Swiss Federal Statistical Office said its producer price index dipped by a seasonally adjusted 0.7% in July, after declining by 0.5% in June. <br /><br />Analysts had expected Swiss PPI to ease by 0.6% in July. <br /><br />Year-over-year, the producer price index fell at an annualized rate of 0.6% in July, broadly in line with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Hits 1-week High As Economic Concerns Ease

Posted: 15 Aug 2011 12:20 AM PDT

Forexpros – The Australian dollar was up against its U.S. counterpart on Monday, rising to a one-week high as better-than-expected Japanese economic data and strong U.S. retail sales figures helped ease fears over the global economy, boosting demand for higher-yielding currencies.<br /><br />AUD/USD hit 1.0441 during late Asian trade, the highest since August 8; the pair subsequently consolidated at 1.0422, gaining 0.63%.<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Broadly Higher; Nikkei Jumps 1.4% On GDP Data

Posted: 15 Aug 2011 12:02 AM PDT

Forexpros – Asian stock markets were broadly higher on Monday, as market sentiment improved after better-than-expected Japanese economic data and strong U.S. retail sales figures helped ease fears over the global economy.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index surged 2.5%, Australia&rsquo;s ASX/200 Index jumped 2.6%, while Japan&rsquo;s Nikkei 225 Index rose 1.4%.<br /><br />Preliminary data released earlier in the day showed that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 3-day High As Risk Sentiment Improves

Posted: 14 Aug 2011 11:41 PM PDT

Forexpros – The euro edged higher against the U.S. dollar on Monday, climbing to a three-day high as better-than-expected Japanese economic data and strong U.S. retail sales data helped ease fears over the global economy. <br /><br />EUR/USD hit 1.4328 during late Asian trade, the pair&rsquo;s highest since August 10; the pair subsequently consolidated at 1.4322, gaining 0.51%.<br /><br />The pair was likely to find support at 1.4102, the low of August 11 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: W.W. Grainger, Inc.

Posted: 14 Aug 2011 11:05 PM PDT

If a recession is right around the corner, someone forgot to tell W.W. Grainger, Inc. (NYSE:GWW). The company recently reported its 5th consecutive positive earnings surprise on strong revenue and margin expansion.
Management also raised its guidance for the remainder of the year, prompting analysts to revise their estimates higher. It is a Zacks #2 Rank (Buy) stock.
The company also pays a dividend that yields a solid 2.1%, and valuation looks reasonable with shares trading below their 10-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Kona Grill

Posted: 14 Aug 2011 11:05 PM PDT

Kona Grill (NASDAQ:KONA) got roughed up in the recent market sell off. But, coming off of a good quarter, this could be a good time to scoop up shares of KONA.
Company Description
Kona Grill has 25 restaurants across the U.S. offering internationally inspired cuisine. The dining room is a trendy but casual atmosphere.
Topping Estimates
On Jul 26 Kona Grill reported quarterly results that included better than expected earnings. EPS came in at $0.11, 7 cents above the Zacks Consensus Estimate. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Unisys Corporation (UIS)

Posted: 14 Aug 2011 11:05 PM PDT

Unisys Corp. (NYSE:UIS) recently reported second-quarter results that were impacted by the continued weakness in the U.S. Federal business and lower ClearPath sales. Although Unisys has recently been restructuring its business to improve profitability, we do not see any catalyst driving the stock higher in the near-term.
Estimates have moved lower of late. Based on a bleak outlook in the coming quarters, we downgrade our recommendation to Underperform from Neutral.
Accordingly, we set a target … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Optimer Pharmaceuticals (OPTR)

Posted: 14 Aug 2011 11:05 PM PDT

Optimer Pharmaceuticals’ (NASDAQ:OPTR) second quarter 2011 loss per share of $0.52 was wider than the year-ago loss, but we are encouraged by the FDA approval and subsequent launch of Dificid, an antibiotic which treats a condition known as CDAD. Dificid scores better than currently available treatment options on many parameters.
Particularly, we believe the inclusion of superior recurrence benefits over Vancocin in the product label will provide valuable benefit and help Dificid sales. Further, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: MarketAxess Holdings, Inc.

Posted: 14 Aug 2011 11:05 PM PDT

MarketAxess Holdings, Inc. (MKTX) has seen big gains over the last year, more than doubling in price after recently hitting a new all-time high. The movement comes on the heels of strong Q2 results and upward revisions in estimates, providing more momentum for this Zacks #1 Rank stock.
Company Description
MarketAxess Holdings, Inc. provides an electronic trading platform that financial institutions use to trade corporate bonds and other fixed-income instruments. The company was founded in 2000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 14 Aug 2011 10:40 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4305, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4401, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.23% to hit 0.8774 and EUR/JPY rising 0.72% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 14 Aug 2011 10:15 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6287, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.6112, Thursday&rsquo;s low, and resistance at 1.6315, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8779 and GBP/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up In Asian Trading Hours

Posted: 14 Aug 2011 09:50 PM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Monday after the release of Japanese data on GDP.<br/><br/> GBP/JPY was trading at 125.06, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 123.31, Wednesday&rsquo;s low, and resistance at 125.82, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During The Asian Session

Posted: 14 Aug 2011 09:20 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.7897, up 1.52% at time of writing.<br/><br/> The pair was likely to find support at 0.7183, Wednesday&rsquo;s low, and resistance at 0.7920, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.31% to hit 1.4292 and USD/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s Wall Street Lingo: Wild Week On Wall Street Recap

Posted: 14 Aug 2011 09:15 PM PDT

08/15/11 Ben Willis of Sunrise Securities gives us his take on this past week’s wild ride on Wall Street which saw the Dow Jones, for the first time ever, post four consecutive sessions of 400+ point … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up In Asian Trade

Posted: 14 Aug 2011 09:00 PM PDT

Forexpros – The Euro was higher against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.8777, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.8732, Friday&rsquo;s low, and resistance at 0.8886, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.30% to hit 1.4290 and EUR/JPY rising 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Young Americans: Luckiest Generation In History

Posted: 14 Aug 2011 08:37 PM PDT

To demonstrate how free market capitalism generates increased prosperity over time for average (or even low-income) Americans, economist W. Michael Cox of the Dallas Federal Reserve has compared the purchases at different points in time from the income earned by high school graduates or entering college freshmen working at a full-time, minimum-wage summer job (ignoring taxes). Here’s a summary of his article “Capitalism’s Many Benefits Create ‘Luckiest Generation,’” which appeared in Investor’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 14 Aug 2011 08:35 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on GDP.<br/><br/> USD/JPY was trading at 76.85, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Thursday&rsquo;s low, and resistance at 77.22, Thursday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 14 Aug 2011 08:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9883, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 0.9794, Wednesday&rsquo;s low, and resistance at 0.9969, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.4298 and GBP/USD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In Asian Trade

Posted: 14 Aug 2011 07:30 PM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0408, up 0.50% at time of writing.<br/><br/> The pair was likely to find support at 1.0113, Thursday&rsquo;s low, and resistance at 1.0435, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.07% to hit 1.3754 and AUD/JPY rising 0.79% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Monday 15 August

Posted: 14 Aug 2011 07:15 PM PDT

Singapore market opened positive on good finishing from overnight Dow. Do expect market to consolidation at this point. Our view for now is bearish. Therefore, we are looking out for to short potential weak stocks. Banks, property and aviation sector are currently the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Banking Sector Cycle Review

Posted: 14 Aug 2011 07:14 PM PDT

If you work in the banking or insurance sector it is now time to search for another job. The cycle for bankers is going down. I suggest farming or fishing as folks must eat.

Sure price action may not go down in a straight line (or maybe it will), but a bottom is yet to form on the NASDAQ banking index.

To profit from this cycle find banking stocks with negative relative strength and short on market bounces. Members can use the readtheticker.com … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Up In Asian Trading Hours

Posted: 14 Aug 2011 07:05 PM PDT

Forexpros – The British Pound was higher against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.2837, up 1.38% at time of writing.<br/><br/> The pair was likely to find support at 1.1673, Wednesday&rsquo;s low, and resistance at 1.2892, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.06% to hit 1.6293 and EUR/GBP rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Why The New Healthcare Law Should Have Been Based On Medicare (And What Democrats Should Have Learned By Now)

Posted: 14 Aug 2011 06:55 PM PDT

Last week, two appellate judges in Atlanta — one appointed by President Bill Clinton and one by George H.W. Bush – held the Constitution doesn't allow the federal government to require individuals to buy health insurance.
Yet the so-called "individual mandate" is a cornerstone of the Affordable Care Act, President Obama's 2010 health care reform law, scheduled to go into effect in 2014.
The whole idea of the law is to pool heath risks. Only if everyone buys insurance can insurers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Is Cracking Triangle Support Under The Parity Level

Posted: 14 Aug 2011 06:36 PM PDT

Previous: USD/CAD: Double Top or Completed ABC, 0.9910 is Critical Pivot…(8/12)
USD/CAD

Triangle:
- The USD/CAD's double top spotted on Friday is not relevant anymore as the market is developing a congestion triangle, and is nearing the apex.
- Still that 0.9910 level appears to be pivotal, as the market attempted a couple times to break it, but failed to close above it in the 1H chart.
- The RSI also appears to be stuck between 40 and 60, reflecting either a narrow range, or in this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 14 Aug 2011 06:35 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4313, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4401, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.39% to hit 0.8788 and EUR/JPY rising 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Watch For A Breakout In This E-Mini Tomorrow

Posted: 14 Aug 2011 06:33 PM PDT

The E-Mini S&P 400 futures contract took a break from Friday's trading to relax ahead of tomorrow's big breakout session. Here are the levels you need to watch..

"Tight" Range
You know the market is enduring an incredibly volatile period when a 16-point range in the E-Mini S&P 400 (MCU1) is considered a "tight" range, but that's exactly what's happened.
After experiencing extreme daily price swings over the last two weeks, the MC traded virutally flat Friday, creating a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trading Hours

Posted: 14 Aug 2011 06:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on GDP.<br/><br/> USD/JPY was trading at 76.97, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Thursday&rsquo;s low, and resistance at 77.22, Thursday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up In Asian Trade

Posted: 14 Aug 2011 05:45 PM PDT

Forexpros – The Euro was higher against the Japanese Yen on Monday after the release of Japanese data on GDP.<br/><br/> EUR/JPY was trading at 110.12, up 0.76% at time of writing.<br/><br/> The pair was likely to find support at 108.03, Thursday&rsquo;s low, and resistance at 110.84, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Japanese gross domestic product fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Looks Bullish After Breaking Above A Wedge Pattern; Targets 0.8850

Posted: 14 Aug 2011 05:25 PM PDT

Prev: Stalking EUR/GBP for a Gartley Correction (8/11)
EUR/GBP

Bounce After ABC:- After an ABC correction, the market stalled above the 0.8730 level, and eventually developed what was apparently a wedge pattern. The support was also between the 61.8% and 78.6% retracement levels if you are measuring from the 8/8 low. But from the 8/5 low, it is very close to the 61.8% retracement level.
- Note that in the 1H chart, the RSI reading found support near 40, albeit cracking this level several … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For The Week Of August 15, 2011

Posted: 13 Aug 2011 05:25 PM PDT

By CommoditiesMansion.com

Light Sweet Crude
 
The CL contract rose this past week, bouncing hard from the $80 level as value investors stepped into the market as the commodity is viewed as so cheap. The market has had a recent selloff, so while we are not looking for a major run, we feel that the market may still have a bit of steam left in it. We expect a pullback from this minor resistance area, and then a move back up. We feel it will more than likely end up being a range-bound … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For The Week Of August 15, 2011

Posted: 13 Aug 2011 05:24 PM PDT

By CommoditiesMansion.com

The natural gas markets rose this past week, and have effectively retested the former support area as potential resistance. On Friday, we saw the market wilt in this area, and have to say that a break of that day's lows could be the trigger for much lower prices. Based upon the previous consolidation area being $1 tall, we expect a long-term target on natural gas to be $3.

Originally posted here

Read about crude oil and the oil price at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For The Week Of August 15, 2011

Posted: 13 Aug 2011 05:23 PM PDT

By CommoditiesMansion.com

The gold markets fell again towards the latter half of the trading week as the markets finally calmed down a bit. However, the trend is up, and that is the direction in which we want to trade. The Friday candle was a bullish hammer from the $1,700 level, and it seems we may be ready to head higher still. The truth is we prefer a pullback, but one may not be coming. We will continue to buy on dips – this bull run is far from dying out.

Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis August 15, 2011

Posted: 13 Aug 2011 05:21 PM PDT

By CommoditiesMansion.com

Light Sweet Crude
 
The CL contract had a fairly neutral day on Friday as traders found themselves somewhat undecided of the future direction of this market. The truth is that this is a very minor resistance area, and it should give way sooner or later. The pair still looks set to test $90 again. The market is more than likely going to pullback at this point, but if we get a close on the daily chart above $90 – we suddenly get very bullish. We think we are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dark Crosses Everywhere

Posted: 13 Aug 2011 07:58 AM PDT

I reviewed many of the world’s stock market charts this weekend and what I found were numerous Dark Crosses where the 50-day moving averaged and crossed under the 200 day-day moving average. These are ominous signs indicating the overall trend has turned south. In fact, most Dark Crosses had occurred in either June or July and US equities were one of the last markets to experience a Dark Cross. In fact, only one stock market, the Russian one, hadn’t seen a Dark Cross marking a technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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