Tuesday, October 4, 2011

DailyMarkets.com - Gold Lifted In Early Asian Trade

DailyMarkets.com - Gold Lifted In Early Asian Trade

Gold Lifted In Early Asian Trade

Posted: 04 Oct 2011 05:08 PM PDT

Forexpros –
Forexpros – Gold futures traded higher in Asian trade Wednesday, following U.S. Fed chief Ben Bernanke's gloomy assessment of the U.S. economy and renewed hopes for imminent action to address Europe's sovereign debt crisis.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,627.35 a troy ounce during early Asian trade, adding 0.25%, after hitting a low of USDS1,621.25.

Earlier Tuesday, finance officials from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analysis And Levels For The E-Mini S&P 500

Posted: 04 Oct 2011 05:01 PM PDT

The E-Mini S&P 500 futures contract has trended steadily lower during the last week of trading, but today's late-day rally could spark a new wave of strength ahead. Here's why..

Critical Support
The daily chart shows buyers defended the 1,070 level in the ES today, which has served as key support since August. As a matter of fact, this level marks the low of the decline that occurred at the end of July and the beginning of August, thus illustrating where the market found price levels … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Sags In Early Asian Trade

Posted: 04 Oct 2011 04:34 PM PDT

Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in Asian trade Wednesday, following reports that European finance officials were prepared to take additional steps in order to assuage market fears that Greek bankruptcy was inevitable.

EUR/USD hit 1.3324 in early Asian trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3336, falling 0.17%.

The pair was likely to find support at 1.3089, the low of January 13, and resistance at 1.3369, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 04 Oct 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3326, down 0.18% at time of writing.

The pair was likely to find support at 1.3147, today's low, and resistance at 1.3679, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8616 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TSA Launches PreCheck Security Program

Posted: 04 Oct 2011 03:58 PM PDT

10/04/11 The Transportation Security Administration kicked off its new airport security screening program at select US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Still Showing Downward Momentum

Posted: 04 Oct 2011 03:39 PM PDT

The usd/hkd still in this downward channel testing the recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Assurant Signs Credit Agreement

Posted: 04 Oct 2011 03:35 PM PDT

Assurant Inc. (NYSE:AIZ) recently announced the successful completion of restatement of its Revolving Credit Agreement with lenders including JPMorgan Chase & Co. and Bank of America Corp.
A revolving credit agreement is a legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period
The new credit agreement of $350 million replaces the existing 3 year old facility of the same amount that is slated to expire in December 2012.
The deal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 04 Oct 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7593, down 0.12% at time of writing.

The pair was likely to find support at 0.7470, today's low, and resistance at 0.7832, Thursday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.16% to hit 1.2570 and EUR/NZD falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP Employment Report, ISM Services Report, EIA Oil Inventories, UK Q2 GDP, Euro-zone: PMI, Retail Sales

Posted: 04 Oct 2011 03:20 PM PDT

10/04/11 In mid-week trade, the ADP employment report will be released ahead of Friday’s September jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA To Respond To Bristol-Myers Drug

Posted: 04 Oct 2011 03:05 PM PDT

A key action date, October 28, is coming up for Bristol-Myers Squibb Company (NYSE:BMY) with the US Food and Drug Administration (FDA) expected to decide the fate of its type II diabetes candidate dapagliflozin. Bristol-Myers has co-developed dapagliflozin with AstraZeneca (NYSE:AZN).
The final verdict is highly awaited since the candidate did not receive the backing of the FDA's Endocrinologic and Metabolic Drugs Advisory Committee in July 2011. The panel voted 9-6 against the approval of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SBS Upgraded To Neutral

Posted: 04 Oct 2011 03:05 PM PDT

We recently upgraded our recommendation on Companhia de Saneamento Basico do Estado de São Paulo (NYSE:SBS) from Underperform to Neutral.
The upgraded rating is backed by the long-term prospects of SABESP's target of providing roughly 1.3 million new water connections and 1.7 million new sewage connections, while improving its sewage coverage to 90%, through 2019. Water loss ratio is also expected to go down to 14% by December 2014.
Moreover, the Sao Paulo State Sanitation and Energy Regulatory … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Noble Reallocates Drilling Rigs (revised)

Posted: 04 Oct 2011 03:05 PM PDT

Noble Corporation (NYSE:NBL) announced changes in its drilling program for three deepwater rigs — Ensco 5006, Transocean Sedco Express and Homer Ferrington. The company has all three rigs under contract in the offshore Eastern Mediterranean.

Ensco 5006, previously known as Pride North America and owned by Ensco Plc (NYSE:ESV), is employed in Leviathan 3. The rig has yet to generate revenue for the ongoing third quarter with multiple subsea equipment issues troubling it for weeks. Noble will now … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oversold Stocks Ready To Bounce Back

Posted: 04 Oct 2011 02:44 PM PDT

( click to enlarge )

Trina Solar Limited (NYSE:TSL) closed with an impressive gain of 93 cents (16%) to end the day at $6.51 after falling about 5% earlier in the session. TSL is still in weak market with 50-day moving average below 200-day moving average. But with rising KD and stablizing stock price we may see some positive movement coming soon. The stock has to break the pressure at 13-day moving average.

( click to enlarge )

What a great trading session for FormFactor, Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tyson Recalls E Coli Infected Beef

Posted: 04 Oct 2011 02:35 PM PDT

Tyson Fresh Meats Inc. (NYSE:TSN) has ordered a massive recall of more than 131,300 pounds of ground beef products on the grounds of possible E. coli O157:H7 contamination.
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced the recall and also revealed that it was notified of the matter by the Ohio Department of Health of E. coli 0157:H7 illnesses in Butler County. FSIS carried on an investigation by collecting leftover ground beef from the patients’ homes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The More Things Change…

Posted: 04 Oct 2011 02:35 PM PDT

There are many that see the current level of political division in this country as unprecedented. However, consider this passage carefully (aside from wishing that he could have broken up some of his run on sentences). It seems to be a pretty good description of what we are seeing and hearing today. He uses the word “faction,” but today it would be better understood as “party,” including the Tea Party:

"Complaints are everywhere heard from our most considerate and virtuous citizens, equally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Remains Neutral

Posted: 04 Oct 2011 02:35 PM PDT

We retain our Neutral recommendation on ONEOK Inc. (NYSE:OKE) due to the company's recent quarter miss. The company's second quarter results of 51 cents per share lagged the Zacks Consensus Estimate of 55 cents. Though the company's second quarter miss was slightly disappointing, we believe the company has the potential to match up to its revised guidance.
ONEOK raised the mid-point of its operating income guidance for 2011 to $1,012 million, while it has tweaked the net income expectation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Breaks The Channel

Posted: 04 Oct 2011 02:33 PM PDT

The channel we had reviewed yesterday had held trendline resistance over night through Asia, London and most of the NY session. However, following the statement by Fed Chairman Bernanke that pledged "readiness to aid the economy' the USD has went offered across the board and on the USDSGD pair it has broken the trendline support and has for the moment caught a bid at the 100 hr moving average, suggesting that perhaps the technical support can put a bid back into the pair to re-enter the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Follow The Money: Behind Europe’s Debt Crisis Lurks Another Giant Bailout Of Wall Street

Posted: 04 Oct 2011 02:32 PM PDT

Today Ben Bernanke added his voice to those who are worried about Europe's debt crisis.
But why exactly should America be so concerned? Yes, we export to Europe – but those exports aren't going to dry up. And in any event, they're tiny compared to the size of the U.S. economy.
If you want the real reason, follow the money. A Greek (or Irish or Spanish or Italian or Portugese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natus Acquires Embla Systems

Posted: 04 Oct 2011 02:05 PM PDT

Natus Medical Inc. (NASDAQ:BABY), a manufacturer of multiple health care product lines, recently announced that it took over Embla Systems LLC, a leading player in the R&D, production and sale of devices used to diagnose sleep apnea.
Embla reported sales of about $30 million for the fiscal year ended December 31, 2010. Natus purchased Embla's outstanding shares for $16.1 million, in cash, excluding the direct costs for taking over the company.  
In fact, Embla is the biggest company in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Digital Realty Completes AZ Expansion

Posted: 04 Oct 2011 02:05 PM PDT

Digital Realty Trust Inc. (NYSE:DLR), a niche real estate investment trust (REIT), has recently completed the expansion of its existing data center facility in Chandler, Arizona, spanning 293,000 square feet of space.
With the expansion of the facility, which began in the first quarter of 2011, the company has added approximately 226,000 rentable square feet of data center space and 13 megawatts of additional power to meet the increased customer demand in the Phoenix market.
Phoenix has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volatile Session Sees Dow Rally 153 Points On EU Debt Crisis Assistance Hopes

Posted: 04 Oct 2011 09:00 AM PDT

10/04/11 Despite a more than 250 point slide intraday, the markets rallied to post a 153 point gain as EU finance monisters and the Fed vowed to help the global economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 04 Oct 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3342, up 1.26% at time of writing.

The pair was likely to find support at 1.3147, today's low, and resistance at 1.3679, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.98% to hit 0.8622 and EUR/JPY rising 1.53% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 04 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 76.86, up 0.32% at time of writing.

The pair was likely to find support at 76.42, Thursday's low, and resistance at 77.27, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.12% to hit 1.3323 and GBP/USD rising 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Certified On Radar Upgrade

Posted: 04 Oct 2011 01:35 PM PDT

Raytheon Company (NYSE:RTN) received certification from the Federal Aviation Administration ("FAA") with respect to the upgrade of aging radar electronics. The administration stated that the company's advanced electronics system has achieved a milestone for the Long Range Radar Service Life Extension Program ("SLEP").
The federal body believes that the new upgraded radar transmitters can see out farther, provide improved detection and has clutter management capability. It has given an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zions Reiterated At Neutral

Posted: 04 Oct 2011 01:35 PM PDT

We continue to maintain our long-term Neutral recommendation on Zions Bancorp. (NASDAQ:ZION) based on its continuously improving quarterly results. Though we are impressed with Zions' significant turnaround and believe that its cost control efforts will drive future growth, the company's near-term outlook remains cautious as the loan demand is likely to remain weak, with persistent legal and regulatory challenges.
Zions' second quarter 2011 earnings beat the Zacks Consensus Estimate on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Testing The Bottom Of A Daily Wedge

Posted: 04 Oct 2011 01:33 PM PDT

After talks about another bail out the usd/hkd is testing the bottom of this daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

When & How To Take Action To Improve Your FICO Scores

Posted: 04 Oct 2011 01:33 PM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 04 Oct 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3355, up 1.36% at time of writing.

The pair was likely to find support at 1.3147, today's low, and resistance at 1.3679, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.02% to hit 0.8625 and EUR/JPY rising 1.70% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.44%

Posted: 04 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 1.44%, the S&P 500 index gained 2.25%, while the Nasdaq 100 index climbed 2.12%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 2.61%; Germany's DAX shed 2.98%; Britain's FTSE 100 declined 2.58%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On YRC Worldwide

Posted: 04 Oct 2011 01:06 PM PDT

YRC Worldwide Inc. (NASDAQ:YRCW) is currently in a mess as the company already received a delisting notice from NASDAQ due to its extremely low valuation. Although YRC Worldwide's second-quarter 2011 financial results beat the Zacks Consensus Estimates, its net loss actually increased by more than 300% year over year.
During the last three years, the company has been reeling under the threat of bankruptcy resulting from a significant fall in its freight volume coupled with its highly leveraged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Famous Dave’s Steps Outside U.S.

Posted: 04 Oct 2011 01:06 PM PDT

Famous Dave’s of America Inc. (NASDAQ:DAVE) recently inked a multi-unit franchise deal with Famous Ribs of Canada Ltd, a subsidiary of Tribal Councils Investment Group of Manitoba Ltd. ("TCIG").  The terms of this very first international deal signed by Famous Dave’s were not disclosed. The initial location is anticipated to come up in June 2012 in Winnipeg, Manitoba.
As a successful private investment holding company, TCIG enjoys local market knowledge and has a proven track record of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 04 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5428, down 0.03% at time of writing.

The pair was likely to find support at 1.5341, today's low, and resistance at 1.5716, Thursday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 1.05% to hit 0.8628 and GBP/JPY rising 0.37% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Makes A New Discovery

Posted: 04 Oct 2011 12:35 PM PDT

Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the discovery of an oil and gas reserve in the Sergipe-Alagoas sedimentary basin, off the coast of northeast Brazil.
Located at a water depth of 2,341 meters, the discovery was made in the exploration well 1-BRSA-851-SES (1-SES-158), known as Barra. The well is situated on Block SEAL-M-426 in the BM-SEAL-11 concession and wireline logging and fluid sampling from a lined well formation test was performed to confirm the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Companies Down To Neutral

Posted: 04 Oct 2011 12:35 PM PDT

We have downgraded natural gas producer and pipeline firm The Williams Companies Inc. (NYSE:WMB) to Neutral from Outperform purely on valuation grounds, as we see limited near term price upside.
Tulsa, Oklahoma-based The Williams Companies is an integrated energy firm that primarily finds, produces, gathers, processes and transports natural gas primarily in the Rocky Mountains, Gulf Coast, Pacific Northwest, Eastern Seaboard and the Marcellus Shale in Pennsylvania.
The company divides its business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours

Posted: 04 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.

USD/CHF was trading at 0.9230, up 0.15% at time of writing.

The pair was likely to find support at 0.8919, Thursday's low, and resistance at 0.9262, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.64% to hit 1.3260 and USD/JPY rising 0.45% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 04 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.

USD/CAD was trading at 1.0656, up 1.05% at time of writing.

The pair was likely to find support at 1.0257, Thursday's low, and resistance at 1.0657, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.49% to hit 1.3240 and GBP/USD falling 0.35% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Rent Your Futon

Posted: 04 Oct 2011 12:04 PM PDT

Find a place to stay for one night or several months anywhere in the world: Rent nightly from real people in 19,716 cities in 196 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Airport Maps From Bing

Posted: 04 Oct 2011 11:50 AM PDT

Detailed airport maps from Bing include information on parking garages, ticket counter location, terminals and gates, baggage claims, currency exchange and more! You'll also see a sortable directory of airlines, cafes and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 04 Oct 2011 11:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3248, up 0.55% at time of writing.

The pair was likely to find support at 1.3147, today's low, and resistance at 1.3679, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.87% to hit 0.8612 and EUR/JPY rising 0.98% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charting The Breakdown And Key Level In The CRB Index

Posted: 04 Oct 2011 11:25 AM PDT

Commodities – along with equities – have fallen sharply since their respective May 2011 market peaks.
Let's take a look at the breakdown in the CRB (Commodity) Index and note the critical confluence reference support level upon which the index sits currently.

First, let's start with the May peak of 370.  I showed previously that there was a "Three Push" price pattern accompanied by a corresponding negative momentum divergence, which was a major caution sign for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 04 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Selling pressure hit the FTSE 100 early in the trading session with short-sellers driving the market through the September 23 bottom at 4928.10. Without any solid support identified until the August 8 bottom at 4791.00, this market appeared to be set up for a severe decline.

The first sign that Tuesday could be an unusual day was the seemingly lack of commitment to the downside. Instead of triggering a sharp break or acceleration, the index just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, October 5, 2011

Posted: 04 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, October 5, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.12
+ 2.47
9.23
10.00

Bearish

AXP – American Express Company
43.43
− 0.12
44.07
46.14

Bearish

BA – Boeing Co
59.14
+ 1.53
59.56
61.60

Bearish

BAC – Bank of America Corporation
5.76
+ 4.16
5.83
6.36

Bearish

CAT – Caterpillar Inc
72.54
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, October 5, 2011

Posted: 04 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, October 5, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9565
+ 0.41
0.9603
0.9755

Bearish

EURUSD – Euro / US Dollar
1.3355
+ 1.39
1.3329
1.3480

Neutral

GBPUSD – British Pound / US Dollar
1.5489
+ 0.41
1.5505
1.5577

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0514
− 0.31
1.0506
1.0380

Bullish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, October 5, 2011

Posted: 04 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, October 5, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.00
− 0.31
110.15
109.97

Neutral

BND – Vanguard Total Bond Market ETF
83.67
− 0.39
83.79
83.72

Bearish

DBC – DB Commodity Index Tracking Fd
25.57
− 0.20
25.66
26.26

Bearish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, October 5, 2011

Posted: 04 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, October 5, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1113.50
+ 2.51
1111.39
1145.83

Neutral

Dow Jones – Dec YMZ1
10683
+ 1.45
10713
10938

Bearish

Nasdaq – Dec NQZ1
2113.50
+ 2.34
2109.75
2180.67

Neutral

Russell – Dec TFZ1
639.60
+ 5.91
630.69
657.23

Neutral

INTEREST RATES

US T-Bond – Dec ZBZ1
145-12
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Crude Oil

Posted: 04 Oct 2011 03:33 AM PDT

By ForexMansion.com
By Jonah S. Ford
US Crude Oil futures may have reached a temporary bottom after dropping sharply in Tuesday's trading session. The recent breakout from the large Triangle chart pattern, shown here on the hourly time interval, followed through to the target area to complete the move.

The initial breach of support just above $80 per barrel triggered a cascade of selling action with very little retracement, Downward pressure continued, pushing the price briefly below $75 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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