Monday, November 28, 2011

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

Forex – EUR/USD Down In Asian Trade

Posted: 28 Nov 2011 05:05 PM PST

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

EUR/USD was trading at 1.3294, down 0.20% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3411, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8586 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Up On Economic Data

Posted: 28 Nov 2011 04:35 PM PST

Forexpros – The Euro was higher against the Japanese Yen on Tuesday after the release of Japanese data on Retail Sales.

EUR/JPY was trading at 103.87, up 0.02% at time of writing.

The pair was likely to find support at 102.50, Friday's low, and resistance at 104.52, Monday's high.

Earlier in the day, official data showed that Japanese retail sales rose more-than-expected to a seasonally adjusted annual rate of 1.9% last month from -1.1% in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Retail Sales Rise More-than-expected

Posted: 28 Nov 2011 04:00 PM PST

Forexpros – Japanese retail sales rose more-than-expected last month, official data showed on Monday.

In a report, the Ministry of Economy Trade and Industry said that retail sales rose to a seasonally adjusted annual rate of 1.9%, from -1.1% in the preceding month whose figure was revised up from -1.2%.

Analysts had expected retail sales to rise at annual rate of 0.7% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Microsoft Seeks Participants: Kinect Incubation Program

Posted: 28 Nov 2011 03:58 PM PST

11/28/11 Microsoft and TechStars unveiled the Kinect Accelerator program for startup companies. Selected applicants will develop commercial applications for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Retail Sales Rise More-than-expected

Posted: 28 Nov 2011 03:55 PM PST

Forexpros – Japanese retail sales rose more-than-expected last month, official data showed on Monday.

In a report, the Ministry of Economy Trade and Industry said that retail sales rose to a seasonally adjusted annual rate of 1.9%, from -1.1% in the preceding month whose figure was revised up from -1.2%.

Analysts had expected retail sales to rise at annual rate of 0.7% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Up On Economic Data

Posted: 28 Nov 2011 03:55 PM PST

Forexpros – The Euro was higher against the Japanese Yen on Friday after the release of Japanese data on Retail Sales.

EUR/JPY was trading at 103.98, up 0.13% at time of writing.

The pair was likely to find support at 102.50, Friday's low, and resistance at 104.52, today's high.

Earlier in the day, official data showed that Japanese retail sales rose more-than-expected to a seasonally adjusted annual rate of 1.9% last month from -1.1% in the preceding month whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 28 Nov 2011 03:55 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on Retail Sales.

USD/JPY was trading at 78.09, up 0.16% at time of writing.

The pair was likely to find support at 76.93, Wednesday's low, and resistance at 78.24, today's high.

Earlier in the day, official data showed that Japanese retail sales rose more-than-expected to a seasonally adjusted annual rate of 1.9% last month from -1.1% in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Judge Rakoff: “Truth Is Confined To Secretive, Fearful Whispers”

Posted: 28 Nov 2011 03:53 PM PST

Many participants in our financial markets and political circles clearly have little interest in allowing a full exposition of facts and figures on a wide array of topics. Why let those trifling principles get in the way of maximizing profits and currying favor for political gain, right?
"That's not how we roll" here at Sense on Cents.  Truth, transparency, and integrity are ALWAYS the order of the day.
Our prized virtues may not be embraced in our nation and the world at large but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 28 Nov 2011 03:50 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of Japanese data on Unemployment Rate.

USD/JPY was trading at 78.08, up 0.14% at time of writing.

The pair was likely to find support at 76.93, Wednesday's low, and resistance at 78.24, today's high.

Earlier in the day, official data showed that Japan's unemployment rate rose more-than-expected to a seasonally adjusted 4.5% last month from 4.1% in the preceding month.

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

Tax Loss Harvesting – Using Sector ETFs To Continue The Exposure

Posted: 28 Nov 2011 03:40 PM PST

originally posted at ETFTrends:
 
Many financial advisors use low-cost, liquid exchange traded funds in tax-loss harvesting strategies that can offset future gains and cut clients' tax bills in the long term.
Talking about underwater positions is never fun as the end of the year approaches but realizing losses has a "silver lining," said Rande Spiegelman, vice president of financial planning at the Schwab Center for Financial Research, in a conference call with reporters … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Continue To Test The 38.2% Retracement Level.

Posted: 28 Nov 2011 03:40 PM PST

usd/cnh continue to test the 38.2% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Broke Under The 100 And 200 MV

Posted: 28 Nov 2011 03:40 PM PST

usd/sgd broke under the 100 and 200 moving average and not the 200 moving average is providing resistance for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Broke Above The 100 And 200 MV

Posted: 28 Nov 2011 03:40 PM PST

usd/hkd broke above the 100 and 200 moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Unemployment Rate Rises More-than-expected

Posted: 28 Nov 2011 03:40 PM PST

Forexpros – Japan's unemployment rate rose more-than-expected last month, official data showed on Monday.

In a report, the Statistics Bureau said that the percentage of the total work force that is unemployed and actively seeking employment during the previous month rose to a seasonally adjusted 4.5%, from 4.1% in the preceding month.

Analysts had expected the rate of unemployment to rise to 4.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 28 Nov 2011 03:35 PM PST

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7552, up 0.01% at time of writing.

The pair was likely to find support at 0.7371, Friday's low, and resistance at 0.7574, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.13% to hit 1.3132 and EUR/NZD falling 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DIRECTV Remains Neutral

Posted: 28 Nov 2011 03:25 PM PST

DIRECTV (NASDAQ:DTV), the largest satellite TV operator in the U.S., reported excellent third quarter 2011 financial results, where both earnings per share (EPS) and total revenue beat the Zacks Consensus Estimates. The solid result was mainly attributable to double-digit growth in the top line, significant margin expansion and record net customer additions.
DIRECTV continues to add new customers compared to other large pay-TV operators like Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable (NYSE:TWC), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Housing, Consumer Confidence On Tap

Posted: 28 Nov 2011 03:20 PM PST

11/29/11 The Conference Board’s consumer confidence index will be closely watched. Other key events on Tuesday’s calendar include: US housing data and Fed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foster Expands Gas Storage

Posted: 28 Nov 2011 02:50 PM PST

Foster Wheeler Upstream, a division of Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group, will be providing its project management support to the 35 billion-cubic-foot Ryckman Creek natural gas capacity storage facility. The contract has been received from Ryckman Creek Resources, LLC, a subsidiary of Peregrine Midstream Partners, LLC. The natural gas markets at the Opal Hub in Wyoming will be served by the new gas storage facility.
The third-quarter 2011 bookings of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Digital Clears HGST Hurdle

Posted: 28 Nov 2011 02:50 PM PST

Western Digital Corp. (NYSE:WDC) is counting the days to wrap up the acquisition of Hitachi Ltd.'s (NYSE:HIT) wholly owned subsidiary, Global Storage Technology ("HGST"). Last week, the top-tier hard disk drive (HDD) manufacturer received approval from the European Union (EU) that cleared all disputes regarding the takeover.
In March 2011, Western Digital signed a definitive agreement to take over HGST, for approximately $4.3 billion. The acquisition was intended to make Western Digital a more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSC Secures U.S. Missile Contract

Posted: 28 Nov 2011 02:30 PM PST

Technology major Computer Sciences Corporation (NYSE:CSC) maintained its recent deal winning spree by securing a new contract worth $80.0 million from the U.S. Missile Defense Agency (MDA). The new contract has a time period of one year and can also be extended for another year. This contract was primarily issued under the MiDAESS group 3 engineering support contract.
As per the terms of the contract, CSC is expected to provide matrix systems engineering support to different program and project … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Restore The Basic Bargain

Posted: 28 Nov 2011 02:29 PM PST

For most of the last century, the basic bargain at the heart of the American economy was that employers paid their workers enough to buy what American employers were selling.
That basic bargain created a virtuous cycle of higher living standards, more jobs, and better wages.
Back in 1914, Henry Ford announced he was paying workers on his Model T assembly line $5 a day – three times what the typical factory employee earned at the time. The Wall Street Journal termed his action "an economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell-Iraq JV Goes Official

Posted: 28 Nov 2011 02:20 PM PST

Following the approval from the Governmental bodies in mid-November, Iraq officially announced its natural gas exploration joint venture with Royal Dutch Shell plc (RDS.A) and Japan's Mitsubishi Corporation. The project, worth $17 billion, was inked almost three years after it was announced in 2008.
The joint venture –– Basra Gas Company –– will aim to upgrade and modernize infrastructural facilities of the oil fields at a cost of some $12.8 billion, thereby increasing output. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Record Breaking Black Friday

Posted: 28 Nov 2011 02:00 PM PST

11/28/11 According to National Retail Federation statistics, a record 226 million shoppers visited stores and websites over Black Friday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3 Solar Stocks To Watch

Posted: 28 Nov 2011 01:59 PM PST

  ( click to enlarge ) 

Trina Solar Limited (ADR) (NYSE:TSL)  – I like that the stock finished strong on Monday and I expect to see a continuation move tomorrow. Resistance is $7.26, which reflects  its 50-day MA. Once the stock breaks resistance, I expect to see the buyer push the stock higher. The technical indicators are reversing up and are advocating for a technical rebound. 

  ( click to enlarge )

LDK Solar Co., Ltd (ADR) (NYSE:LDK) faces resistance at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MasterCard & Ecobank Sign MoU

Posted: 28 Nov 2011 01:55 PM PST

Expanding its electronic payments network in Sub-Africa, on Thursday, MasterCard Inc. (NYSE:MA) announced a Memorandom of Understanding (MoU) with Togo-based Ecobank Group, which will allow the former to do business effciently across Africa.
Accordingly, the MoU will help MasterCard tap more than 30 Sub-African markets where Ecobank, the leading banking group, operates with more than 1,100 branches. Additionally, Ecobank also holds its operations internationally with offices in Paris, London and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: GameStop

Posted: 28 Nov 2011 01:55 PM PST

GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently posted third quarter 2011 results.
Street analysts had more than a week to ponder the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report Review
Strong digital sales helped GameStop post quarterly earnings of 39 cents per share, up 2.6% year over year from 38 cents … [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: 28 Nov 2011 01:55 PM PST

Forexpros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

EUR/USD was trading at 1.3314, up 0.57% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3531, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JetBlue Wins Flight Auction (revised)

Posted: 28 Nov 2011 01:50 PM PST

JetBlue (NASDAQ:JBLU) has made its way through the flight auction at New York's LaGuardia and Washington's Reagan airports, edging out one of the largest discounted airlines –– Southwest (NYSE:LUV).  Through this auction, JetBlue received eight pairs of roundtrip slots at each of these airports.

Despite the financial turmoil including higher fuel prices, weak demand and challenging weather conditions, JetBlue managed to post record revenues in the recently concluded quarter, encouraging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Gains For Big Board On Big Shopping Weekend

Posted: 28 Nov 2011 08:45 AM PST

11/28/11 NYFP’s Closing Bell Report: The Big Board posted big gains to start the week led by strong Black Friday shopping … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gales Of Creative Destruction: Ten Brands That 24/7 Wall St. Predicts Will Disappear In 2012

Posted: 28 Nov 2011 01:41 PM PST

“Each year, 24/7 Wall St. regularly compiles a list of brands that are going to disappear in the near-term.  Last year's list proved to be prescient in many instances, predicting the demise of T-Mobile among others.
 
24/7 Wall St. has created a new list of brands that will disappear in 2012, which includes Sears, Sony Pictures, American Apparel, Nokia, Saab, A&W All-American Foods Restaurants, Soap Opera Digest, Sony Ericsson, MySpace, and Kellogg's Corn … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Not The Time

Posted: 28 Nov 2011 01:41 PM PST

In “Not So Good,” I argued that the euphoria over this past weekend’s alleged consumer spendfest was unwarranted because retailers’ profits almost certainly did not keep pace with sales. But there are other things to consider, including the likelihood that the latter did not actually increase as much as claimed, as The Big Picture notes in “No, Black Friday Sales Were Not Up 16% (not even 6%)”:
Let's start with this whopper from an utterly breathless press release from the National Retail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WRB Upgraded To Neutral

Posted: 28 Nov 2011 01:40 PM PST

We are upgrading our recommendation on W.R. Berkley Corp. (NYSE:WRB) to Neutral from Underperform on the back of third-quarter earnings beat. The company reported earnings of 44 cents per share, 6 cents ahead of the Zacks Consensus Estimate. The outperformance stemmed from higher contribution from the International and Specialty segments.
For three quarters in a row, Berkley has been witnessing a stable retention and a general rate hike. Also, the company has maintained the trend of premium growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ReneSola Falls Short Of Estimates

Posted: 28 Nov 2011 01:35 PM PST

With the backdrop of an industry-wide glut, ReneSola Ltd. (NYSE:SOL) in the third quarter of 2011 incurred an adjusted loss per American Depositary Share (ADS) of 25 cents, missing the Zacks Consensus Estimate of a loss of 18 cents. The quarterly loss also was way below the year-ago quarterly earnings of 70 cents.
Operational Results
In the reported quarter, ReneSola's revenues fell 47.3% year over year to $189.1 million, short of the Zacks Consensus Estimate of $219 million. The decrease in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 2.59%

Posted: 28 Nov 2011 01:25 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 2.59%, the S&P 500 index gained 2.92%, while the Nasdaq 100 index climbed 3.41%.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down from 313K.

Analysts had expected new home sales to fall to 312K … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abaxis Upgraded To Neutral

Posted: 28 Nov 2011 01:20 PM PST

Following the company's solid second quarter 2011 results, which were ahead of the Zacks Consensus Estimates, we have upgraded our recommendation on Abaxis (NASDAQ:ABAX) to Neutral with a target price of $26.00.
The company reported EPS of 15 cents in the quarter, surpassing the Zacks Consensus Estimate by 2 cents. On the other hand, net sales increased 13% year over year to $40 million and beat the Zacks Consensus Estimate of $38 million.
The year-over-year growth was based on higher sales in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Garden Kept At Neutral

Posted: 28 Nov 2011 01:10 PM PST

Central Garden & Pet Company (NASDAQ:CENT) is a leading producer and marketer of premium and value-oriented products focused on the lawn and garden as well as pet supplies markets in the U.S. On the one hand, the company is witnessing increased sales, but on the other it is reporting dismal bottom-line results due to rising costs of raw materials that are weighing upon margins.
Top-Line Sustaining Momentum
The company's diversified portfolio of brands has helped it to develop a healthy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Nov 2011 12:55 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

GBP/USD was trading at 1.5499, up 0.38% at time of writing.

The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5656, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Return Balances RLI Corp.

Posted: 28 Nov 2011 12:50 PM PST

RLI Corp. (NYSE:RLI) continues to benefit from its business expansion drive, extensive product offerings, strong local branch network and focus on specialty insurance lines. The company scores strongly with the rating agencies and remains focused on returning value to its shareholders through dividend increase and share buybacks.
However, these positives are somewhat dwarfed by RLI Corp's exposure to cat losses and pressurized Casualty segment. We thus remain Neutral on the company.
RLI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Average New Home Price Lowest In 8 Years

Posted: 28 Nov 2011 12:39 PM PST

Here’s something interesting from today’s Census release on new home sales: The average new home price fell to $242,300 in October, which was the lowest average monthly new home price since August 2003 ($241,000), more than 8 years ago (see chart above).  It’s also $79,200 (and 25%) below the peak average new home price of $321,500 in February 2007.  

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

MetroPCS To Add More Content

Posted: 28 Nov 2011 12:30 PM PST

MetroPCS Communications Inc. (NYSE:PCS) is all set to woo its customers by adding content from ABC Entertainment. The company has recently joined hands with ABC, to bring ABC and subsidiary lifestyle content such as Disney Channel, Disney XD and ESPN on all its 4G handsets via MetroSTUDIO video on-demand application. The deal terms were however not disclosed.
The company's MetroSTUDIO was launched in September 2010 to enhance customers' entertainment experience. The addition of new content … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday after the release of U.S. data on New Home Sales.

USD/CHF was trading at 0.9234, down 0.72% at time of writing.

The pair was likely to find support at 0.9128, Wednesday's low, and resistance at 0.9330, Friday's high.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Storage Hit Record High

Posted: 28 Nov 2011 12:20 PM PST

The U.S. Energy Department’s weekly inventory release showed a lower-than-expected rise in natural gas supplies. However, the total working gas in storage is still well above the 5-year historical range, as mild weather continues to restrict the commodity's demand for power burn amid robust production. In fact, the most recent inventory-build has taken the storage level to a new all-time high.
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 28 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on New Home Sales.

USD/CAD was trading at 1.0373, down 0.94% at time of writing.

The pair was likely to find support at 1.0305, today's low, and resistance at 1.0523, Friday's high.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Nov 2011 11:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

EUR/USD was trading at 1.3319, up 0.61% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3531, Wednesday's high.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 28 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.

AUD/USD was trading at 0.9897, up 1.90% at time of writing.

The pair was likely to find support at 0.9664, Wednesday's low, and resistance at 0.9976, today's high.

Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, November 29, 2011

Posted: 28 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, November 29, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1191.00
+ 3.25
1168.92
1170.00

Bullish

Dow Jones – Dec YMZ1
11498
+ 2.78
11308
11347

Bullish

Nasdaq – Dec NQZ1
2221.00
+ 3.42
2176.42
2175.75

Bullish

Russell – Dec TFZ1
697.10
+ 4.98
677.09
680.33

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
144-00
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, November 29, 2011

Posted: 28 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, November 29, 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
109.62
− 0.04
109.65
109.68

Bearish

BND – Vanguard Total Bond Market ETF
83.66
− 0.02
83.66
83.67

Bearish

DBC – DB Commodity Index Tracking Fd
26.97
+ 1.24
26.87
26.87

Bullish

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

The Trend Trader For Forex Trading On Tuesday, November 29, 2011

Posted: 28 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, November 29, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9901
+ 1.99
0.9779
0.9795

Bullish

EURUSD – Euro / US Dollar
1.3317
+ 0.63
1.3317
1.3338

Neutral

GBPUSD – British Pound / US Dollar
1.5507
+ 0.46
1.5497
1.5551

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0344
− 1.30
1.0437
1.0420

Bearish

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

The Trend Trader For Stock Trading On Tuesday, November 29, 2011

Posted: 28 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, November 29, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.46
+ 5.70
9.13
9.14

Bullish

AXP – American Express Company
46.01
+ 2.24
45.44
45.36

Bullish

BA – Boeing Co
64.99
+ 3.52
63.57
63.78

Bullish

BAC – Bank of America Corporation
5.25
+ 1.55
5.24
5.32

Neutral

CAT – Caterpillar Inc
91.48
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 28 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
Oversold conditions and fresh news from Europe helped trigger a short-covering rally in the FTSE 100 on Monday. Friday's closing price reversal bottom on the daily chart was actually the first clue that this stock index was poised for a reversal to the upside. Although the up move is impressive, the index is far from changing the main trend to up and is more likely to be setting up another shorting opportunity once it completes a 50 percent to 61.8 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Germany 30 (DE30)

Posted: 28 Nov 2011 04:03 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Germany 30 (DE30) index CFD stopped at 5761.65 creating the resistance line of a channel up chart pattern on the 60-minute chart. The subsequent sideways trading action helped create a resistance level. Autochartist is forecasting that this emerging pattern will have a reversal trend change into the uptrending support line.

The quality of this chart pattern is a weak 3-bars. The initial trend which measures the strength of the trend prior to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Silver

Posted: 28 Nov 2011 01:32 AM PST

By ForexMansion.com
By Jonah S. Ford
Silver futures launched higher in Monday's trading session to eclipse the $32.00 per ounce level once again. The turn-around erased much of the losses experienced last week as the precious metals sector followed the stock market lower. Monday's move places the price in close proximity to the resistance identified on the Autochartist Key Level indicator.

 
This key level at $32.60 per ounce has served as a major cross-over point to identify … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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