DailyMarkets.com - Nostradamus Does Not Work Here, But – UPDATE

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• Nostradamus Does Not Work Here, But – UPDATE
• Forex – Dollar Modestly Higher As Investors Eye E.Z. Plans
• Crude Oil Futures Rise To 4-week High On Hopes For EU Plan
• European Stocks Higher On Debt Hopes; DAX Up 1.64%
• Forex – GBP/USD Slips Lower, Easing Off 1-month High
• Forex – USD/JPY Up As Concerns Over Euro Zone Ease
• Gold Climbs To 3-week High With EU Developments In Focus
• Forex – NZD/USD Almost Unchanged Amid E.Z. Plans
• Forex – AUD/USD Steady On Sustained E.Z. Hopes
• Asia Stocks Broadly Higher On EU Hopes; Nikkei Gains 1.5%
• Forex – EUR/USD Steady Close To 1-month High
• Bull Of The Day: Monsanto Company (MON)
• Momentum Stock: Nu SKin Enterprises
• Growth & Income Stock: Lorillard, Inc.
• Bear Of The Day: Kirkland's, Inc. (KIRK)
• Aggressive Growth Stock: Generac Holdings
• Forex – EUR/JPY Down On Economic Data
• Forex Trading: EUR/USD Testing 1.38563
• Forex – GBP/JPY Down In Asian Trading Hours
• Forex – USD/JPY Down On Economic Data
• Japan’s Industrial Production Rises Less-than-expected
• Forex – USD/CHF Up During The Asian Session
• Japan To Boost Tourism With Free Flights
• Forex – EUR/GBP Down In Asian Trade
• Forex – USD/JPY Up In Asian Trading Hours
• Forex – USD/CAD Up During The Asian Session
• Forex Trading: Usd/sgd Staying In A Downward Channel
• Forex Trading: Usd/hkd Staying Under The 100 Mv And 200 Mv On The Hourly Chart
• Forex – AUD/USD Down In Asian Trade
• Forex – GBP/CHF Up In Asian Trading Hours
• Forex – EUR/USD Down During The Asian Session
• Forex Trading: Usd/hkd Continue To Stay Below Trend-line
• Forex Trading: Usd/cnh Continue To Stay In A Sideways Channel.
• Forex Trading: Usd/sgd Testing The 50% Retracement Level.
• Forex – USD/JPY Up In Asian Trading Hours
• Another Hurricane
• Forex – EUR/JPY Down In Asian Trade
• Consolidation Or Reveral, That Is The Question?
• 3Q Earnings A Test Of The Recession Calls

Nostradamus Does Not Work Here, But – UPDATE Posted: 17 Oct 2011 03:58 AM PDT Picking swings on the SP500 is hard, folks spends a lot of money to work out when and if stocks will trend, bend or end. Lets review some of the SP500 (SPY) calls made within this blog. 2011 March: SPY all tucked in a tight Gann Angle corridor, if it breaks, ouch ! , Stocks broke south on Japanese quake news 2011 April: This SP500 chart is NOT pretty , Our target for SP500 high was at 100% increase from March 2009 lows at 136.22. That worked out a ok ! 2011 May: Cycles say the bears are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Modestly Higher As Investors Eye E.Z. Plans Posted: 17 Oct 2011 02:59 AM PDT Forexpros – The U.S. dollar was modestly higher against its most of its major counterparts on Monday, amid guarded hopes over the unveiling of fresh measures to contain the debt crisis in the euro zone. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.29% to hit 1.3841. The single currency was supported after G-20 finance ministers and central bankers endorsed on Sunday parts of an emerging plan to avoid a Greek default, recapitalize European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Rise To 4-week High On Hopes For EU Plan Posted: 17 Oct 2011 02:30 AM PDT Forexpros – Crude oil futures extended sharp gains from the previous session on Monday, climbing to a four-week high as sentiment was boosted over a proposed plan to resolve the financial crisis in the single currency bloc following a weekend summit of Group of 20 financial leaders. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD87.99 a barrel during European morning trade, jumping 1.11%. It earlier rose by as much as 1.5% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher On Debt Hopes; DAX Up 1.64% Posted: 17 Oct 2011 02:16 AM PDT Forexpros – European stock markets were higher on Monday, as investors eyed key decisions to be made by European leaders this week on new steps to tackle the region’s worsening debt crisis. During European morning trade, the EURO STOXX 50 rose 1.34%, France's CAC 40 climbed 1.26%, while Germany's DAX 30 jumped 1.64%. During talks in Paris over the weekend, G-20 finance ministers and central bankers endorsed parts of a plan to avoid a Greek default, recapitalize European banks and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Slips Lower, Easing Off 1-month High Posted: 17 Oct 2011 02:02 AM PDT Forexpros – The pound slipped against the U.S. dollar on Monday, pulling away from a one-month high, but sterling remained supported amid cautious hopes that European leaders will unveil a decisive plan to resolve the region’s debt crisis. GBP/USD pulled back from 1.5848, the daily high, to hit 1.5804 during early European trade, slipping 0.10%. Cable was likely to find support at 1.5664, last Thursday's low and short-term resistance at 1.5851, Friday's high and a one-month high. Over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up As Concerns Over Euro Zone Ease Posted: 17 Oct 2011 01:44 AM PDT Forexpros – The U.S. dollar was higher against the yen on Monday, trading close to a five-week high, as hopes for a comprehensive plan to contain the debt crisis in the euro zone dampened demand for traditional safe haven assets. USD/JPY hit 77.45 during late Asian trade, the daily high; the pair subsequently consolidated at 77.43, gaining 0.28%. The pair was likely to find support at 76.81, Friday's low and short-term resistance at 77.70, the high of September 7. Market sentiment was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Climbs To 3-week High With EU Developments In Focus Posted: 17 Oct 2011 01:29 AM PDT Forexpros – Gold futures were up for a second day on Monday, climbing to a three-week high as investors await further developments over a plan to resolve the euro zone's debt crisis, while strong physical demand in Asia also lent support. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,694.75 a troy ounce during late Asian trade, gaining 0.7%. It earlier rose by as much as 0.8% to trade at USD1,696.05 a troy ounce, the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Almost Unchanged Amid E.Z. Plans Posted: 17 Oct 2011 01:18 AM PDT Forexpros – The New Zealand dollar was almost unchanged against its U.S. counterpart on Monday, amid ongoing talks in the euro zone on new ways to handle the region’s financial crisis. NZD/USD hit 0.8010 during early European trade, the daily low; the pair subsequently consolidated at 0.8048, slipping 0.05%. The pair was likely to find support at 0.7907, the low of October 14 and resistance at 0.8193, the high of June 22. Concluding talks in Paris on Sunday, G-20 leaders and central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Steady On Sustained E.Z. Hopes Posted: 17 Oct 2011 01:01 AM PDT Forexpros – The Australian dollar was steady against its U.S. counterpart on Monday, trading close to a one-month high amid growing hopes for new solutions to the euro zone’s debt crisis by the end of the week. AUD/USD hit 1.0354 during early European trade, the pair’s highest since September 16; the pair subsequently consolidated at 0.8043, inching up 0.01. The pair was likely to find support at 1.0143, the low of October 14 and resistance at 1.0440, the high of September 12. G-20 finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Broadly Higher On EU Hopes; Nikkei Gains 1.5% Posted: 17 Oct 2011 12:44 AM PDT Forexpros – Asian stock markets were broadly higher on Monday, as sentiment was boosted over a proposed plan to resolve the financial crisis in the single currency bloc following a weekend summit of Group of 20 financial leaders. During late Asian trade, Hong Kong’s Hang Seng Index rallied 1.9%, Australia's ASX/200 Index climbed 1.65%, while Japan's Nikkei 225 Index jumped 1.5%. At the conclusion of the G-20 summit in Paris on Saturday, world financial leaders urged policy makers in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Steady Close To 1-month High Posted: 17 Oct 2011 12:34 AM PDT Forexpros – The euro was steady against the U.S. dollar on Monday, trading close to a one-month high, amid caution over a plan to stem the euro zone's debt crisis ahead of an upcoming European Union summit. EUR/USD hit 1.3829 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3877, dipping 0.04%. The pair was likely to find support at 1.3722, Friday's low and short-term resistance at 1.3936, the high of September 15. The euro rallied on Friday ahead of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Monsanto Company (MON) Posted: 16 Oct 2011 11:00 PM PDT We maintain our Outperform recommendation on Monsanto Company (NYSE:MON) based on the optimism of the company’s continued product development through biotechnology and breeding research. Monsanto’s future contracts and hedging mechanism look encouraging toward ensuring uninterrupted seed supply throughout all seasons. Management noted that that the company improved in its core U.S. business on the strength of new corn and soybean products and seems to have captured global growth opportunities, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Nu SKin Enterprises Posted: 16 Oct 2011 11:00 PM PDT Nu SKin Enterprises (NYSE:NUS) is having a great year, currently up more than 50% after shares rebounded from the recent pull back and surged back to the all-time high. With an average earnings surprise of 10% over the last four quarters and bullish 15% growth projection, this Zacks #1 Rank stock is the face of momentum. Company Description Nu Skin Enterprises develops and sells anti-aging and personal care items worldwide. The company was founded in 1984 and has a market cap of $2.8 billion. Nu … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Lorillard, Inc. Posted: 16 Oct 2011 11:00 PM PDT One stock that hasn’t participated in the stock market pullback since late July is cigarette maker Lorillard, Inc. (NYSE:LO). Cigarette sales typically don’t fluctuate much with the overall economy, so a recession likely wouldn’t put much of a dent in Lorillard’s profits. The stock is also supported by a dividend that yields a solid 4.4%. The company has been buying back tons of its stock too, which should help drive EPS over the next few years. Analysts raised their earnings estimates after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Kirkland's, Inc. (KIRK) Posted: 16 Oct 2011 11:00 PM PDT We have downgraded our recommendation on Kirkland’s, Inc. (NASDAQ:KIRK) to Underperform from Neutral following the company’s second-quarter 2011 results, which posted a loss of $0.02 per share compared with earnings of $0.16 in the prior-year period. Kirkland’s also missed the Zacks Consensus Estimate earnings of $0.02 per share as cost of sales grew coupled with increased operating expenses. The company however anticipates total sales and margins to be sequentially higher but may be offset by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Generac Holdings Posted: 16 Oct 2011 11:00 PM PDT Generac Holdings Inc (GNRC) recently raised it outlook, which sent estimates and shares higher. Valuations are looking good and the company is growing organically and through acquisition. Company Description Generac makes backup power generation products serving residential, light commercial and industrial markets. Raising the Bar One of the best things a company can do for its share price is to raise its outlook and Generac did just that on Sep 26. The company said that given the recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down On Economic Data Posted: 16 Oct 2011 10:40 PM PDT Forexpros – The Euro was lower against the Japanese Yen on Monday after the release of Japanese data on Industrial Production. EUR/JPY was trading at 106.89, down 0.26% at time of writing. The pair was likely to find support at 104.20, Wednesday's low, and resistance at 107.45, Friday's high. Earlier in the day, data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 0.8% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Testing 1.38563 Posted: 16 Oct 2011 10:32 PM PDT On the 15 minute chart, the pair is testing resistance at 1.38563; a close higher could signal further buying with 1.38563 being the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours Posted: 16 Oct 2011 10:20 PM PDT Forexpros – The British Pound was lower against the Japanese Yen on Monday after the release of Japanese data on Industrial Production. GBP/JPY was trading at 121.90, down 0.20% at time of writing. The pair was likely to find support at 119.24, Wednesday's low, and resistance at 122.62, Friday's high. Earlier in the day, data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 0.8% in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data Posted: 16 Oct 2011 09:50 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Industrial Production. USD/JPY was trading at 77.19, down 0.02% at time of writing. The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high. Earlier in the day, data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 0.8% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Industrial Production Rises Less-than-expected Posted: 16 Oct 2011 09:45 PM PDT Forexpros – Industrial production in Japan rose less-than-expected last month, data showed on Monday. In a report, the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 0.6%, from 0.8% in the preceding month. Analysts had expected industrial production to rise 0.8% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During The Asian Session Posted: 16 Oct 2011 09:20 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.8948, up 0.35% at time of writing. The pair was likely to find support at 0.8904, Friday's low, and resistance at 0.9112, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.30% to hit 1.3840 and USD/JPY falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan To Boost Tourism With Free Flights Posted: 16 Oct 2011 09:00 PM PDT 10/17/11 In an effort to encourage foreign visitors to Japan, the nation’s Tourism Agency is looking to offer up to 10,000 free roundtrip flights in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down In Asian Trade Posted: 16 Oct 2011 09:00 PM PDT Forexpros – The Euro was lower against the British Pound on Monday. EUR/GBP was trading at 0.8766, down 0.09% at time of writing. The pair was likely to find support at 0.8708, Thursday's low, and resistance at 0.8787, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.27% to hit 1.3844 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trading Hours Posted: 16 Oct 2011 08:35 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 77.24, up 0.04% at time of writing. The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.31% to hit 1.3839 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up During The Asian Session Posted: 16 Oct 2011 08:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday. USD/CAD was trading at 1.0104, up 0.05% at time of writing. The pair was likely to find support at 1.0092, Monday's low, and resistance at 1.0329, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.21% to hit 1.3853 and GBP/USD falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Staying In A Downward Channel Posted: 16 Oct 2011 07:32 PM PDT usd/sgd is trending lower in this downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Staying Under The 100 Mv And 200 Mv On The Hourly Chart Posted: 16 Oct 2011 07:32 PM PDT usd/hkd staying under the 100 hour moving average and 200 hour moving average giving us a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In Asian Trade Posted: 16 Oct 2011 07:30 PM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0315, down 0.25% at time of writing. The pair was likely to find support at 0.9866, Wednesday's low, and resistance at 1.0347, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.04% to hit 1.3433 and AUD/JPY falling 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In Asian Trading Hours Posted: 16 Oct 2011 07:05 PM PDT Forexpros – The British Pound was higher against the Swiss Franc on Monday. GBP/CHF was trading at 1.4131, up 0.18% at time of writing. The pair was likely to find support at 1.4057, Thursday's low, and resistance at 1.4198, Thursday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.07% to hit 1.5809 and EUR/GBP falling 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 16 Oct 2011 06:35 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3849, down 0.24% at time of writing. The pair was likely to find support at 1.3583, Wednesday's low, and resistance at 1.3894, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8764 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Continue To Stay Below Trend-line Posted: 16 Oct 2011 06:33 PM PDT The usd/hkd continue to stay blow this trend-line but still haven't start to test the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Continue To Stay In A Sideways Channel. Posted: 16 Oct 2011 06:33 PM PDT usd/cnh continue to stay in this sideways channel which give good opportunity for range trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Testing The 50% Retracement Level. Posted: 16 Oct 2011 06:33 PM PDT usd/sgd continue to retrace after a huge rally to the highs around 1.3195, now testing the 50% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trading Hours Posted: 16 Oct 2011 06:00 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 77.29, up 0.10% at time of writing. The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.14% to hit 1.3862 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Hurricane Posted: 16 Oct 2011 05:51 PM PDT In Europe, the U.S. and elsewhere, efforts to beat back a rising tide of red ink have been focused on the most pressing concerns. But even if authorities somehow figure out a way to relieve the pressures associated with borrowing taken on to fund past extravagances, there’s still the little problem of the many other bills that are beginning to come due. Some might recall that when I published Financial Armageddon in the spring of 2007, I argued that a combination of factors, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down In Asian Trade Posted: 16 Oct 2011 05:25 PM PDT Forexpros – The Euro was lower against the Japanese Yen on Monday. EUR/JPY was trading at 107.03, down 0.13% at time of writing. The pair was likely to find support at 104.20, Wednesday's low, and resistance at 107.45, Friday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.18% to hit 1.3858 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Consolidation Or Reveral, That Is The Question? Posted: 15 Oct 2011 10:28 AM PDT I’ve returned and am anxious to share my thoughts about the market. An incredible amount has happened since my last post on June 21, a brief three months ago that seems like a totally different era. The market then was also stuck in a trading range and we were wondering whether it would bounce off the range’s bottom boundary or crash through. I wrote then: Will it or won't it break below the 200-dma and the neckline? I hope and now don't believe it will. I think we're going to see the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3Q Earnings A Test Of The Recession Calls Posted: 15 Oct 2011 10:09 AM PDT In addition to the well-known ECRI recession call, since then I have seen a number of other commentators calling for a recession. There is, of course, the permabears Nouriel Roubini’s statement that recession is a certainty and Albert Edwards’ pointing to ominous signs from the ISM data. More nuanced are the attempts by Cullen Roche of Pragmatic Capitalism to model a balance sheet recession: The output from this model shows a rather stunning lead time over the last 7 recessions (to my … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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