Wednesday, August 3, 2011

DailyMarkets.com - Grupo TMM Sees Sequential Growth On The Top-Line

DailyMarkets.com - Grupo TMM Sees Sequential Growth On The Top-Line


Grupo TMM Sees Sequential Growth On The Top-Line

Posted: 03 Aug 2011 03:36 AM PDT

Ken Nagy, CFA
Grupo TMM sees Sequential Growth on the Top-Line

Grupo TMM (TMM) is one of the largest integrated logistics and transportation companies in Mexico. The firm, through its subsidiaries provides maritime services, land transportation services, integrated logistics services, and ports and terminals management to international and domestic clients throughout Mexico.  As part of its five-year growth strategy, the firm is committed to modernizing its fleet and increasing its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CPKF: Shares Undervalued

Posted: 03 Aug 2011 03:36 AM PDT

Ann Heffron, CFA
CPKF: Shares Undervalued

We are maintaining our outperform recommendation on Chesapeake Financial Shares, Inc. (CPKF), as it remains undervalued relative to historical norms. We have raised our target price to $14.50 and changed the holding period to twelve months from six months.

CPKF reported 2011 second quarter net earnings of $2.1 million, up 55% from the $1.3 million reported in the year-ago quarter, while diluted EPS increased 57% to $0.63 from $0.40. The primary reason … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Off 2-month Low After SNB Intervention

Posted: 03 Aug 2011 02:59 AM PDT

Forexpros – The euro rebounded from a two-month low against the pound on Wednesday, after the Swiss National Bank announced measures to curb the franc&rsquo;s recent gains against the euro and the U.S. dollar, lifting the single currency across the board.<br /><br />EUR/GBP pulled back from 0.8693, the pair&rsquo;s lowest since May 31; to hit 0.8737 during European late morning trade, gaining 0.23%.<br /><br />The pair was likely to find support at 0.8665, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Continuing Higher

Posted: 03 Aug 2011 02:58 AM PDT

In the earlier post, following the SNB comments, our bullish short term target was 1.42356. The pair is now trading in the ballpark of 1.4323. Now, from an hourly perspective we see that the pair re-tested hourly resistance at 1.42809 with the previous candle stick but has continued to rally; now testing the 61.8% on the move from Monday's high to yesterday's low. The next significant level higher is the 200 hour moving average at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss National Bank Announces Actions Against Strong Swiss Franc

Posted: 03 Aug 2011 02:47 AM PDT

The Swiss National Bank (SNB) announced a set of measures designed to stem a sharp acceleration in the Swiss franc (CHF).  The Bank announced: “Effective immediately, the SNB is aiming for a three-month Libor as close to zero as possible, narrowing the target range for the three-month Libor from 0.00–0.75% to 0.00–0.25%”.  The Bank will also “significantly increase the supply of liquidity to the Swiss franc money market over the next few days” and will no longer renew … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Extends Gains After Strong U.K. Services PMI

Posted: 03 Aug 2011 02:26 AM PDT

Forexpros – The pound extended gains against the U.S. dollar on Wednesday, after a report showed that activity in the country’s services sector grew at its fastest pace in four months in July.<br /><br />GBP/USD hit 1.6402 during European morning trade, the pair&rsquo;s highest since Monday; the pair subsequently consolidated at 1.6393, gaining 0.59%.<br /><br />Cable was likely to find support at 1.6223, Tuesday&rsquo;s low and resistance at 1.6474, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Retail Sales Rise More-than-expected In June

Posted: 03 Aug 2011 02:18 AM PDT

Forexpros – Retail sales in the euro zone rose more-than-expected in June, official data showed on Wednesday. <br /><br />In a report, Eurostat said retail sales rose by a seasonally adjusted 0.9% in June, above expectations for a 0.5% increase.<br /><br />May&rsquo;s figure was revised down to a drop of 1.3% from a previously reported decline of 1.1%.<br /><br />Year-over-year, retail sales in the euro zone fell at an annualized rate of 0.4% in June, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Drop As SocGen Plunges; DAX Down 1%

Posted: 03 Aug 2011 02:16 AM PDT

Forexpros – European stock markets were broadly lower on Wednesday, falling to an 11-month low amid growing concerns over the U.S. economic outlook, while Societe Generale shares dropped sharply following disappointing earnings.<br /><br />During European morning trade, the EURO STOXX 50 fell 0.4%, France&rsquo;s CAC 40 shed 0.7%, while Germany&rsquo;s DAX 30 sank 1%.&nbsp; <br /><br />The outlook for U.S. economic growth remained downbeat after data on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Retail Sales Rise More-than-expected In June

Posted: 03 Aug 2011 02:07 AM PDT

Forexpros – Retail sales in the euro zone rose more-than-expected in June, official data showed on Wednesday. <br /><br />In a report, Eurostat said retail sales rose by a seasonally adjusted 0.9% in June, above expectations for a 0.5% increase.<br /><br />May&rsquo;s figure was revised down to a drop of 1.3% from a previously reported decline of 1.1%.<br /><br />Year-over-year, retail sales in the euro zone fell at an annualized rate of 0.4% in June, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower Vs. Rivals After SNB Intervention

Posted: 03 Aug 2011 01:39 AM PDT

Forexpros – The U.S. dollar turned broadly lower against its major counterparts on Wednesday, after the Swiss National Bank cut interest rates to curb the franc&rsquo;s gains but concerns over the outlook for global growth continued to weigh on sentiment.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD rising 0.52% to hit 1.4278.<br /><br />The outlook for global growth remained downbeat after data on Tuesday showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Services PMI Rises Unexpectedly In July

Posted: 03 Aug 2011 01:38 AM PDT

Forexpros – Service sector activity in the U.K. rose unexpectedly in July, growing at the fastest pace since March industry data showed on Wednesday.<br /><br />In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose to 55.4 in July from 53.9 in June. <br /><br />Analysts had expected the index to decline to 53.2 in July. <br /><br />On the index, a level above 50.0 indicates expansion in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Hovers Close To Five-week Low On U.S. Growth Concerns

Posted: 03 Aug 2011 01:27 AM PDT

Forexpros – Crude oil futures traded close to a five-week low on Wednesday, fluctuating between small gains and losses as concerns that the U.S. economic recovery was faltering weighed on future demand expectations from the world&rsquo;s largest oil consumer.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD93.38 a barrel during European morning trade, edging 0.15% higher. <br /><br />The crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Rebounds As SNB Cuts Rates To Curb Franc Gains

Posted: 03 Aug 2011 01:05 AM PDT

Forexpros – The U.S. dollar rebounded from a record low against the Swiss franc on Wednesday, turning sharply higher, after the Swiss National Bank cut its interest rate and said it would take further action if warranted to curb the franc&rsquo;s steep gains.<br /><br />USD/CHF pulled back from 0.7606, the pair&rsquo;s all time low, to hit 0.7766 during early European trade, surging 1.88% over the day.<br /><br />The pair was likely to find support at 0.7606, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Services PMI (m/m) 51.6 Vs. 51.4 Expected.

Posted: 03 Aug 2011 01:01 AM PDT

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


Forex – USD/JPY Steady As Possible BoJ Intervention Eyed

Posted: 03 Aug 2011 12:45 AM PDT

Forexpros – The U.S. dollar was steady against the yen on Wednesday, trading close to a record low, as investors remained wary of a possible intervention by Japanese officials to curb the yen&rsquo;s sharp gains.<br /><br />USD/JPY hit 77.40 during late Asian trade, the daily high; the pair subsequently consolidated at 77.19, inching up 0.05%.<br /><br />The pair was likely to find support at 76.12, the low of March 17 and an all-time low and resistance at 77.82, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Rally To Record On U.S. Outlook, Debt Downgrade Fears

Posted: 03 Aug 2011 12:34 AM PDT

Forexpros – Gold futures rallied to a record high for the second consecutive day on Wednesday, as mounting fears over the U.S. economic recovery and lingering worries about a possible downgrade of the U.S. sovereign debt rating boosted demand for safe haven assets.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,672.85 a troy ounce during late Asian trade, climbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hits 2-week Low Amid Increased Risk Aversion

Posted: 03 Aug 2011 12:18 AM PDT

Forexpros – The New Zealand dollar fell to a two-week low against its U.S. counterpart on Wednesday, as concerns that global economic growth is losing momentum combined with worries over sovereign debt issues boosted safe haven inflows.<br /><br />NZD/USD hit 0.8577 during late Asian trade, the pair&rsquo;s lowest since July 21; the pair subsequently consolidated at 0.8611, shedding 0.60%.<br /><br />The pair was likely to find support at 0.8525, the low of July 20 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Hits 2-week Low After Weak Retail Sales Data

Posted: 03 Aug 2011 12:02 AM PDT

Forexpros – The Australian dollar fell to its lowest level in two weeks against its U.S. counterpart on Wednesday, as increased risk aversion hit demand for higher yielding assets while weak domestic retail sales data also weighed.<br /><br />AUD/USD hit 1.0680 during late Asian trade, the pair&rsquo;s lowest since July 19; the pair subsequently consolidated at 1.0720, shedding 0.39%.<br /><br />The pair was likely to find support at 1.0598, the low of July 19 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Sharply Lower On U.S. Concerns; Nikkei Drops 2.1%

Posted: 02 Aug 2011 11:53 PM PDT

Forexpros – Asian stock markets suffered heavy losses on Wednesday, as mounting concerns that the U.S. economic recovery was faltering prompted investors to shun riskier assets.&nbsp; <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index tumbled 2.2%, Australia&rsquo;s ASX/200 Index plunged 2.3%, while Japan&rsquo;s Nikkei 225 Index sank 2.1%.&nbsp;&nbsp;&nbsp; <br /><br />Data on Tuesday showed that U.S. personal income rose by 0.1% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down As Global Growth, Debt Fears Weigh

Posted: 02 Aug 2011 11:39 PM PDT

Forexpros – The euro was lower against the U.S. dollar on Wednesday, as the passage of a bill to raise the U.S. debt ceiling did little to bolster overall market sentiment, amid persistent worries over a slowdown in global growth and sovereign debt issues.<br /><br />EUR/USD hit 1.4162 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4175, shedding 0.23%.<br /><br />The pair was likely to find support at 1.4067, the low of July 19 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Retail Sales Fall Unexpectedly In June

Posted: 02 Aug 2011 11:27 PM PDT

Forexpros – Retail sales in Australia fell unexpectedly in June, declining for the second consecutive month, official data showed on Wednesday.<br /><br />In a report, the Australian Bureau of Statistics said that Australian retail sales fell by a seasonally adjusted 0.1% in June, after declining by 0.6% in May.<br /><br />Analysts had expected Australian retail sales to rise 0.4% in June.<br /><br />Year-over-year, Australian retail sales rose at an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australia’s Trade Surplus Narrows More-than-expected

Posted: 02 Aug 2011 11:20 PM PDT

Forexpros – Australia&rsquo;s trade surplus narrowed more-than-expected in June, official data showed on Wednesday.<br /><br />In a report, the Australian Bureau of Statistics said that Australia&rsquo;s trade surplus narrowed to a seasonally adjusted AUD2.05 billion from AUD2.70 billion in May, whose figure was revised up from AUD2.33 billion.<br /><br />Analysts had expected Australia&rsquo;s trade surplus to narrow to AUD2.20 billion in June.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australia’s Trade Balance Narrows More-than-expected

Posted: 02 Aug 2011 11:16 PM PDT

Forexpros – Australia&rsquo;s trade balance narrowed more-than-expected in June, official data showed on Wednesday.<br /><br />In a report, the Australian Bureau of Statistics said that Australia&rsquo;s trade balance narrowed to a seasonally adjusted AUD2.05 billion from AUD2.70 billion in May, whose figure was revised up from AUD2.33 billion.<br /><br />Analysts had expected Australia&rsquo;s trade balance to narrow to AUD2.20 billion in June.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Lincoln Electric (LECO)

Posted: 02 Aug 2011 11:05 PM PDT

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) recently reported its fiscal 2011 second quarter results delivering an adjusted EPS of $0.68 versus $0.39 in the year-over-year quarter. Total revenue, as reported by the company, increased 35.6% year over year to $699.3 million.
Lincoln Electric is pursuing a multi-year strategy to become more cost competitive by building manufacturing facilities in Eastern Europe and Asia besides acquiring companies complementing Lincoln’s operations elsewhere in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: DuPont

Posted: 02 Aug 2011 11:05 PM PDT

Estimates have been surging for DuPont (NYSE:DD) after the company delivered solid second quarter results and management raised its full-year guidance.
It is a Zacks #1 Rank (Strong Buy) stock.
Based on consensus estimates, analysts are projecting 22% EPS growth in 2011 and 17% growth in 2012. On top of this growth, the company pays a very stable dividend that yields 3.2%.
Company Description
E.I. du Pont de Nemours and Company, or DuPont, is as a science and technology operating in 8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Cincinnati Financial (CINF)

Posted: 02 Aug 2011 11:05 PM PDT

We are downgrading our recommendation on the shares of Cincinnati Financial (NASDAQ:CINF) following the wider-than-expected operating loss reported by the company in second quarter 2011 owing to huge cat losses. Moreover, the Commercial Lines segment will remain somewhat weak due to the sluggish economy, although the decline in business is moderating.
The company is expected to face limited investment growth due to continued low yields for investment options. We expect pressure on top line until the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Lincoln Electric (LECO)

Posted: 02 Aug 2011 11:05 PM PDT

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) recently reported its fiscal 2011 second quarter results delivering an adjusted EPS of $0.68 versus $0.39 in the year-over-year quarter. Total revenue, as reported by the company, increased 35.6% year over year to $699.3 million.
Lincoln Electric is pursuing a multi-year strategy to become more cost competitive by building manufacturing facilities in Eastern Europe and Asia besides acquiring companies complementing Lincoln’s operations elsewhere in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Town Sports International

Posted: 02 Aug 2011 11:05 PM PDT

Town Sports International (NASDAQ:CLUB) recently flexed its financial muscle with yet another earnings surprise. Estimates quickly began moving higher, leading to triple-digit growth rates.
Shares are currently a Zacks #1 Rank (Strong Buy) and, while not a great value, have excellent short-term potential.
Company Description
Town Sports International is an owner/operator of fitness clubs in the Northeast and Mid-Atlantic regions. They are the 5th largest club operator in the U.S and also have 3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Crocs, Inc.

Posted: 02 Aug 2011 11:05 PM PDT

Crocs, Inc. (NASDAQ:CROX) continues to rebound from a tough sell off in 2009, recently hitting a new multi-year high after reporting strong Q2 results that came in ahead of expectations. With estimates taking a big jump on the news, this Zacks #1 Rank stock is a good fit for momentum.
Company Description
Crocs, Inc. designs and sells footwear, apparel and accessories for men, woman and children worldwide. The company was founded in 1999 and has a market cap of $2.8 billion.
CROX has been surging … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Firmer After Reports That German States Cut Their Budget Deficits In Half For H1 2011

Posted: 02 Aug 2011 10:56 PM PDT

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


Forex – EUR/USD Up During The Asian Session

Posted: 02 Aug 2011 10:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4222, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8734 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 02 Aug 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6269, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.6225, Tuesday&rsquo;s low, and resistance at 1.6476, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8734 and GBP/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 02 Aug 2011 09:55 PM PDT

Forexpros – The Euro was higher against the Swiss Franc on Wednesday.<br/><br/> EUR/CHF was trading at 1.0885, up 0.54% at time of writing.<br/><br/> The pair was likely to find support at 1.0801, Tuesday&rsquo;s low, and resistance at 1.1493, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.05% to hit 1.4211 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Acorn Energy Sells CoaLogix

Posted: 02 Aug 2011 09:35 PM PDT

Steven Ralston, CFA
Acorn Energy sells CoaLogix – Target raised to $6.10

Acorn Energy (ACFN) announced the signing of a definitive agreement to sell its majority-owned CoaLogix subsidiary for $101 million or 4.9 times 12-month trailing sales to Energy Capital Partners. Acorn Energy owns approximately 65% of CoaLogix on a fully diluted basis. Since its acquisition in 2007, Acorn's investment in CoaLogix totals $18.2 million. When the sale closes, the after-tax proceeds are estimated to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 02 Aug 2011 09:25 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.7665, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 0.7610, Tuesday&rsquo;s low, and resistance at 0.8032, Friday&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 0.06% to hit 1.4212 and USD/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


True Strength Index (TSI) Perspective On The SP-500

Posted: 02 Aug 2011 08:02 PM PDT

Click on the chart to ENLARGE

On one side of the technical analysis coin, we see that the SP-500 has made an impressive head and shoulders patterns with price closing just below the neckline of the pattern.

But there is another side of the technical analysis coin. It says things are not as likely to go to hell in a hand basket as it appears (well, at least not indefinitely).

It turns out that today’s price performance pushed the red panic button with the best of them – for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Advance In Asian Trade

Posted: 02 Aug 2011 07:59 PM PDT

Forexpros – Gold futures extended gains in Asian mid-day trade Wednesday, as investors sought safer havens following deep drops on Wall Street and continued debt anxieties in the euro-zone.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,655.55 a troy ounce during Asian mid-day trade, edging 0.14% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Shale Gas Rocks The World In Youngstown, Ohio

Posted: 02 Aug 2011 07:54 PM PDT

From Amy Myers Jaffe’s article in the Wall Street Journal last year “Shale Gas Will Rock the World”:

“We’ve always known the potential of shale; we just didn’t have the technology to get to it at a low enough cost. Now new techniques have driven down the price tag—and set the stage for shale gas to become what will be the game-changing resource of the decade.

I have been studying the energy markets for 30 years, and I am convinced that shale gas will revolutionize the industry—and change … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Rises In Mid-day Asian Trade

Posted: 02 Aug 2011 07:25 PM PDT

Forexpros – The Japanese yen extended losses against the U.S. dollar in Asian trade Tuesday, as the U.S. Senate voted to approve a measure to raise the nation&rsquo;s debt ceiling, but weak economic numbers rekindled fears of continued slow U.S. growth. <br /><br />In mid-day Asian trade USD/JPY hit 77.40, the pair&rsquo;s highest since July 31; the pair subsequently consolidated at 77.26, rising 0.14%. &nbsp;<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Police Shut Down 4-Year Old’s Lemonade Stand In Iowa And Shut Down A Veggie Garden In Michigan

Posted: 02 Aug 2011 07:19 PM PDT

HT: Jeff Jacoby

Nanny of Month video from Reason.tv: “Plant a Garden, Go to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Clock Is Ticking

Posted: 02 Aug 2011 06:54 PM PDT

Although David Walker’s views on the precarious state of our nation’s finances are no stranger to the Financial Armageddon blog – or to my book of the same name — I sense an even greater sense of urgency than in the past in his remarks from a recent CNBC interview, ”US Less Than 3 Years Away From Being Greece: Walker”:
The US is only a few years away from reaching the same debt levels that pushed Greece to the brink of ruin, former comptroller general and head … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Stocks Tumble In Early Trade; Nikkei Down 1.8%

Posted: 02 Aug 2011 06:50 PM PDT

Forexpros – Asian stocks fell sharply in early trade Wednesday, as investors paid less attention to the end of the U.S. debt impasse and more to signs of a slowdown in global economic growth.<br /><br />During early Asian trade, Hong Kong&rsquo;s Hang Seng Index fell 2.6% to 21,883, Japan&rsquo;s Nikkei 225 Index gave up 1.8% to 9,676.81, Australia&rsquo;s S&amp;P/ASX 200 declined 1.79% to 4,354.20, and South Korea&rsquo;s Kospi, slumped 2.21% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Double Bottom Attempt Seen In The GBP/AUD Daily Chart; 1.52 Is Critical Resistance

Posted: 02 Aug 2011 05:52 PM PDT

GBP/AUD

1.52 and 1.5525:
- The daily chart for GBP/AUD clearly shows a double bottom attempt, as the defended the 1.,4775 support area for a second time.
- Note the bullish divergence of the RSI.
- Also note that 1.52 is an important resistance, a break above which completes a true double bottom.
- Then we might get some resistance just ahead near 1.5250 (61.8% retracement level), but if the market can stay above 1.5100 on a subsequent throwback, we can confirm a successful double bottom … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Buy GBG $2.12 — Head & Shoulders SP-500, HUI & Gold

Posted: 02 Aug 2011 05:51 PM PDT

I decided to take what I hope will be a low risk mining position with this purchase of Great Basin Gold (GBG) at $2.12. Honestly, I am not holding my breath on how long this rally in miners will last, but I presume the stock market will bounce soon and that may help, however briefly.

Click on any chart to ENLARGE

This chart of the SP-500 was made before the end of today’s trading session…..and price continued to fall right through the neck line of the head and shoulders pattern. If … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Pare Gains In Asian Trade

Posted: 02 Aug 2011 05:37 PM PDT

Forexpros – Crude oil futures fell back from earlier gains Tuesday, following Senate passage of a bill to raise the U.S. debt ceiling and growing concerns of a slowdown in the economy of the world&rsquo;s largest energy consumer.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at USD93.28 a barrel during early Asian trade, falling 0.04%, after hitting a daily high of USD95.59.<br /><br />The Bureau of Economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


4 Fin. Stress Indexes Stable – No Cause For Concern

Posted: 02 Aug 2011 05:33 PM PDT

The nearby charts show four Federal Reserve Bank measures of financial stress and economic conditions, from the top are: 1) Kansas City Financial Stress Index, b) National Financial Conditions Index (Chicago Fed), c) St. Louis Financial Stress Index, and d) Aruoba-Diebold-Scotti Business Conditions Index (Philadelphia Fed, measures overall business conditions).  Each of these four index measures of financial stress/economic conditions are at pre-recession, 2007 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For August 3, 2011

Posted: 02 Aug 2011 10:37 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract fell again on Tuesday, as the world comes to grips with a likely US slowdown. Because of this, the $95 level has given way. The $90 could be supportive, but as this market gets more and more concerned – we are less and less convinced in the bullish case. Because of this, we are neutral but looking to the $90 mark and the market reaction to plot our next trading opportunity.

Brent
The Brent markets looks a bit healthier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For August 3, 2011

Posted: 02 Aug 2011 10:36 AM PDT

By CommoditiesMansion.com

 
The natural gas markets fell on Tuesday, retesting support in the $4.10 area. The move suggests that we may see a bit of churning in the markets before the expected bounce, but this shouldn't be something to be concerned about until we close on a daily candle below the $4 level. Until then, we like buying dips.

Originally posted here

Explore WTICrudeOil.com to find out about oil prices, and the latest oil news in the market.
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For August 3, 2011

Posted: 02 Aug 2011 10:35 AM PDT

By CommoditiesMansion.com

 
The gold markets skyrocketed on Tuesday as investors bought the metal as the world's debt issues are starting to really heat up. It should be considered a vote of "no confidence" in the debt limit agreement that was just passed in the United States as well. Because of this most recent action, we can only do what we always do – buy on dips.

 
Originally posted here

Explore WTICrudeOil.com to find out about oil prices, and the latest oil news in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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