Tuesday, November 22, 2011

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

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

Forex – EUR/USD Up In Asian Trade

Posted: 22 Nov 2011 05:05 PM PST

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

EUR/USD was trading at 1.3526, up 0.16% at time of writing.

The pair was likely to find support at 1.3431, Monday's low, and resistance at 1.3614, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8642 and EUR/JPY rising 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Construction Rises More-than-expected

Posted: 22 Nov 2011 04:40 PM PST

Forexpros – The value of Australian construction work done rose more-than-expected in the last quarter, official data showed on Wednesday.

In a report, Australian Bureau of Statistics said that Australian construction work done rose to a seasonally adjusted 12.5%, from 0.7% in the preceding quarter.

Analysts had expected Australian construction work done to rise to 2.0% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 22 Nov 2011 04:35 PM PST

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

USD/JPY was trading at 76.97, up 0.001% at time of writing.

The pair was likely to find support at 76.58, Friday's low, and resistance at 77.32, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.11% to hit 1.3520 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 22 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3518, up 0.10% at time of writing.

The pair was likely to find support at 1.3431, Monday's low, and resistance at 1.3614, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8642 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Candy – Big Treat On USB Stick

Posted: 22 Nov 2011 03:58 PM PST

11/22/11 FXI Technologies unveiled its dual-core Android computer device. The Cotton Candy packs a whole lot of computing power into a tiny … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 22 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7486, up 0.17% at time of writing.

The pair was likely to find support at 0.7442, today's low, and resistance at 0.7686, Thursday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.07% to hit 1.3152 and EUR/NZD falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Staples

Posted: 22 Nov 2011 03:20 PM PST

Staples Inc. (NASDAQ:SPLS), the global leader in the supply of office products, recently posted third-quarter 2011 results. Street analysts had enough time to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well as the Zacks Rank and long-term recommendation for the stock.
Last Quarter Synopsis
Staples unveiled its third quarter financial results on November 15. The quarterly earnings of 47 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB Drills In Largest Zinc Mine

Posted: 22 Nov 2011 03:20 PM PST

ABB Ltd. (NYSE:ABB) received a $24 million order to provide its comprehensive ore hoisting solution for Xstrata Zinc's George Fisher Mine (GFM) located near Mount Isa in north-west Queensland, Australia. By 2013, the ore hoisting new solution will increase GFM's production by 30% as the ground-mounted solution will extract ore from a depth of 1,135 meters. The order was booked during the third quarter of 2011.
Xstrata Zinc's resources in and near Mount Isa, including GFM, is the largest zinc … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cornucopia Of US Data Set For Release

Posted: 22 Nov 2011 03:20 PM PST

11/22/2011 Ahead of the Thanksgiving holiday on Thursday, a slew of US economic data will be released: durable goods orders, jobless claims, consumer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Auxilium Pharma Stays Neutral

Posted: 22 Nov 2011 02:55 PM PST

We recently reiterated a Neutral recommendation on specialty biopharmaceutical company Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL). Auxilium Pharma is engaged in the development and marketing of products that focus on urology and sexual health. Auxilium Pharma has two US Food and Drug Administration (FDA) approved products in its portfolio – Testim and Xiaflex (EU trade name: Xiapex).
The company recently reported a third quarter loss of 8 cents per share, well below the year-ago loss of 27 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Achieves FSA Hiring Goal

Posted: 22 Nov 2011 02:49 PM PST

With the hiring of 280 more employees in Texas (60 hires) and Florida (220 hires), Bank of America Corporation (NYSE:BAC) reached the goal to more than double the number of Financial Solution Advisors (FSAs) by the end of this year. Now, more than 1,200 people are working as FSAs across the country in the Merrill Edge Advisory Center.
This move bodes well with BofA's overall strategy to improve solutions and guidance that are being provided to its 'preferred customers' with investable assets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

5 Stocks For Wednesday’s Trading

Posted: 22 Nov 2011 02:47 PM PST

 ( click to enlarge )

Good afternoon everyone! Looks like I’m going to start the day with a technical setup on BMTI. Check it !

Shares of BioMimetic Therapeutics (NASDAQ:BMTI) surged more than 4% on Tuesday after Collins Stewart initiates coverage on the stock with a buy recommendation for a price target of $7. From a technical perspective, the stock has been falling since the highs of October and seems to be forming a bullish wedge pattern, which means that there could be a rebound taking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NRG Improves Solar Assets Portfolio

Posted: 22 Nov 2011 02:40 PM PST

Power generation company NRG Energy Inc. (NYSE:NRG) expanded its solar power capacity by acquiring San Francisco-based Solar Power Partners. Solar Power Partners is a leading developer of commercial and industrial (C&I) distributed solar projects. NRG Energy said the acquired Solar Power assets will form a part of its subsidiary NRG Solar.
Solar Power's project sites include grocery stores, hospitals, universities, office buildings, municipal buildings, schools and airports. Through the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EQT Corp. Lowered To Neutral

Posted: 22 Nov 2011 02:40 PM PST

We have downgraded our recommendation for  EQT Corporation (NYSE:EQT) to Neutral from Outperform, reflecting the company's susceptibility to the erratic energy sector fundamentals, lack of a well diversified asset portfolio and a dull dividend yield.
Based in Pittsburgh, Pennsylvania, EQT Corporation is an integrated energy company with an emphasis on natural gas supply activities in the Appalachian area, including production and gathering, natural gas distribution and transmission and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Credit Facility For Avnet

Posted: 22 Nov 2011 02:25 PM PST

Avnet, Inc. (NYSE:AVT) recently announced today that it entered into a five-year $1.0 billion senior unsecured revolving credit facility. 
In addition, the facility will include a $250 million accordion feature enabling Avnet to increase its borrowing capacity to upto $1.25 billion, subject to certain conditions.
The facility will mature on November 18, 2016. The facility replaces the existing facility. Avnet has a five-year $500.0 million unsecured revolving credit facility with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: Crown Castle

Posted: 22 Nov 2011 02:15 PM PST

Crown Castle International Inc. (NYSE:CCI) declared excellent third quarter 2011 financial results, outperforming the Zacks Consensus Estimates. The solid performance was attributable to higher smartphone usage and increased deployment of 4G networks.
Third Quarter Highlights
Net revenue in the reported quarter was $513.9 million, up 6.6% year over year, and ahead of the Zacks Consensus Estimate of $507 million. This was mainly due to improved performance of the Site Rental segment.
Quarterly GAAP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Food Demand To Double By 2050?

Posted: 22 Nov 2011 02:15 PM PST

11/22/11 According to a new projection by David Tilman of the University of Minnesota’s College of Biological Sciences, global food demand could double by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charts Of The Day: Kidney Shortage Worsens Yearly

Posted: 22 Nov 2011 02:07 PM PST

As a follow-up to this recent CD post on the market for kidneys, the charts above show up-to-date data on the kidney situation from the United Network for Organ Sharing (UNOS).  Here’s the current situation:

1. There are currently 90,363 registered candidates on the ever-increasing waiting list to receive a kidney transplant, which is an all-time record high (see top chart). 

2. Based on actual transplant operations through August of this year, an estimated 16,855 patients will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Drifts On GDP

Posted: 22 Nov 2011 09:00 AM PST

11/22/11 NYFP’s Closing Bell Report: Following a downward revision in third-quarter GDP, higher borrowing costs in Spain, and rising eurozone debt concerns, US stocks were sent lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is It Any Wonder?

Posted: 22 Nov 2011 01:57 PM PST

Here are four reports that help explain where things are really at nowadays:
“Pimco's El-Erian Says U.S. Economic Conditions Are Terrifying” (Bloomberg)
Pacific Investment Management Co.'s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are "terrifying" given that the nation's is coming out of recession.
The odds of the U.S. returning to recession are one-third to half, El-Erian said in a Bloomberg Television interview with Betty Liu.
“Economic Inequality Is … [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: 22 Nov 2011 01:55 PM PST

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3507, up 0.13% at time of writing.

The pair was likely to find support at 1.3424, Thursday's low, and resistance at 1.3614, Friday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toll Brothers Takes Over CamWest

Posted: 22 Nov 2011 01:50 PM PST

Toll Brothers Inc. (NYSE:TOL) recently announced that it has acquired CamWest Development LLC. The company did not disclose the financial terms of the deal but stated that it will start reaping benefits from the acquisition in the upcoming year.
CamWest is considered as one of the largest privately held home building companies in the Pacific Northwest. This acquisition will mark Toll Brothers' entry into the Seattle market, which is both affluent and possesses a strong employment base.
As a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 22 Nov 2011 01:40 PM PST

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

Forex Trading: Usd/cnh Stays Above The Downward Channel.

Posted: 22 Nov 2011 01:40 PM PST

usd/cnh stays about the downward channel for the second day showing it is building a base above this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd In A Upward Channel In The 4 Hour Chart.

Posted: 22 Nov 2011 01:40 PM PST

usd/sgd is in the middle of this upward channel still showing there is upward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cigna Expands, India In Focus

Posted: 22 Nov 2011 01:40 PM PST

In line with its long term strategy of accelerating International operations, health insurer CIGNA Corp. (NYSE:CI) has announced a joint venture with TTK Group in India. According to the deal, Cigna will offer its health insurance products across the Indian subcontinent via its new partner.
According to CIGNA, TTK is the best fit for its health insurance business due to a vast consumer base and prominence among several segments of the industry. TTK is an Indian conglomerate with annual revenues of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.46%

Posted: 22 Nov 2011 01:35 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.46%, the S&P 500 index shed 0.41%, while the Nasdaq 100 index climbed 0.23%.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding quarter.

Analysts had expected U.S. gross domestic product to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equinix To Buy Back $250M Shares

Posted: 22 Nov 2011 01:30 PM PST

Global data center solution and service provider Equinix Inc. (NASDAQ:EQIX) recently announced that it will be buying back shares worth $250.0 million by December 2012, as approved by its board of directors.
Equinix did not mention its intention of repurchasing shares at the earnings call, so this would be a later development. However, the company did mention that it would be making strategic capital investments, so we'll wait and see what it does in that respect.
In any case, a share repurchase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is Jon Corzine “Too Big To Be Indicted”? Part III

Posted: 22 Nov 2011 01:29 PM PST

This commentary runs a little long but I exhort you to read it in its entirety as it captures the sentiments of readers who are extremely close to or actually "in the MF arena". Their messages are filled with real pain and anguish which is not found in the media. This is reality. I hope you will want to share this post with your friends. LD
As if $600 million in missing customer funds were not enough, recent news emanating from the debacle that defines the bankruptcy of MF Global puts the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife Alters Regional Segregation

Posted: 22 Nov 2011 01:20 PM PST

To provide a better reflection of its global presence, MetLife Inc. (NYSE:MET) will undergo restructuring of its business segments. As a result, the company will now be divided into three geographical regions – The Americas, Asia and EMEA (Europe, Middle East and Africa). Additionally, MetLife is also creating a new global employees benefits unit.
Earlier, the company was divided into U.S. and International geographical regions. The acquisition of the American Life Insurance Company (ALICO) unit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM China Forays Into Egypt

Posted: 22 Nov 2011 01:11 PM PST

General Motors Company's (NYSE:GM) Chinese joint venture, SAIC-GM-Wuling, plans to assemble automobiles in Egypt using kits imported from China. The move will help the automaker compete in the Egyptian market targeted by domestic car exporters in China.
SAIC-GM-Wuling manufactures mini-vehicles including minivans and small cars. The joint venture plans to launch a new van, Chevrolet Move, in Egypt, which will help GM expand its market and improve competitiveness.
Production of Chevrolet Move is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TARP Continues To Recover Funds

Posted: 22 Nov 2011 01:05 PM PST

The Treasury has added $12.2 million to its kitty by selling warrants in 17 Troubled Asset Relief Program (TARP) banks that have already repaid the bailout money. This indicates that the Treasury is clutching every opportunity to recoup the cost of the $700 billion bailout program that was initiated three years back to rescue the nation's financial system.
However, many of the institutions are yet to repay their TARP loans and the Treasury holds significant stakes in many of the rescued … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manulife Initiated With Neutral

Posted: 22 Nov 2011 12:58 PM PST

We are initiating coverage on Canada based Manulife Financial Corp. (NYSE:MFC) with a Neutral recommendation. During the third quarter, the company posted a net loss of 73 cents per share, narrower than the loss of $1.28 in the prior-year quarter.
Manulife is one of the dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the U.S. and several Asian countries.
The company is rebuilding its business by concentrating more on higher margin and low risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 22 Nov 2011 12:55 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on GDP.

GBP/USD was trading at 1.5640, down 0.01% at time of writing.

The pair was likely to find support at 1.5583, today's low, and resistance at 1.5888, Friday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TARP Continues To Recover Fund

Posted: 22 Nov 2011 12:50 PM PST

The Treasury has added $12.2 million to its kitty by selling warrants in 17 Troubled Asset Relief Program (TARP) banks that have already repaid the bailout money. This indicates that the Treasury is clutching every opportunity to recoup the cost of the $700 billion bailout program that was initiated three years back to rescue the nation's financial system.
However, many of the institutions are yet to repay their TARP loans and the Treasury holds significant stakes in many of the rescued … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Deere

Posted: 22 Nov 2011 12:30 PM PST

Deere & Company (NYSE:DE) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. The current Zacks Consensus Estimate is $1.44 for the fourth quarter and $6.44 for fiscal 2011, projecting year-over-year growth of 34.1% and 38.5%, respectively.
With respect to earnings surprise, over the trailing four quarters, Deere outperformed the Zacks Consensus Estimate. The average earnings surprise was 9.04%, implying that Deere has surpassed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 22 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday after the release of U.S. data on GDP.

USD/CHF was trading at 0.9142, down 0.34% at time of writing.

The pair was likely to find support at 0.9086, Friday's low, and resistance at 0.9236, Thursday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Caterpillar’s Sales Growth Dips

Posted: 22 Nov 2011 12:20 PM PST

Caterpillar Inc. (NYSE:CAT) recently reported sales statistics for the three months ending October 31, with machine sales increasing 31% on a year-over-year basis and engine sales rising 13% across the globe.
The 31% sales growth in October was steady with the sales clip in the three months period ending September. Sales growth has nonetheless moderated form the highs of 66% recorded in the month of April. Even though Caterpillar has seen sales ramping in the last 18 months, the rate of increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 22 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on GDP.

USD/CAD was trading at 1.0375, down 0.24% at time of writing.

The pair was likely to find support at 1.0200, Friday's low, and resistance at 1.0419, Monday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 22 Nov 2011 11:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3512, up 0.17% at time of writing.

The pair was likely to find support at 1.3424, Thursday's low, and resistance at 1.3614, Friday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 22 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on GDP.

AUD/USD was trading at 0.9851, up 0.10% at time of writing.

The pair was likely to find support at 0.9809, Monday's low, and resistance at 1.0118, Thursday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, November 23, 2011

Posted: 22 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, November 23, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9837
− 0.04
0.9920
1.0103

Bearish

EURUSD – Euro / US Dollar
1.3506
+ 0.11
1.3510
1.3583

Bearish

GBPUSD – British Pound / US Dollar
1.5632
− 0.04
1.5708
1.5860

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0382
− 0.10
1.0331
1.0217

Bullish

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

The Trend Trader For ETF Trading On Wednesday, November 23, 2011

Posted: 22 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, November 23, 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
109.68
+ 0.07
109.62
109.69

Neutral

BND – Vanguard Total Bond Market ETF
83.69
+ 0.11
83.62
83.58

Bullish

DBC – DB Commodity Index Tracking Fd
27.27
+ 0.66
27.18
27.54

Neutral

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

The Trend Trader For Stock Trading On Wednesday, November 23, 2011

Posted: 22 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, November 23, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.26
− 2.22
9.49
9.97

Bearish

AXP – American Express Company
46.00
− 0.13
46.24
47.87

Bearish

BA – Boeing Co
64.35
− 1.85
65.70
67.28

Bearish

BAC – Bank of America Corporation
5.37
− 2.19
5.59
5.92

Bearish

CAT – Caterpillar Inc
89.99
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, November 23, 2011

Posted: 22 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, November 23, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1182.75
− 0.67
1196.75
1227.58

Bearish

Dow Jones – Dec YMZ1
11447
− 0.70
11587
11846

Bearish

Nasdaq – Dec NQZ1
2214.25
+ 0.03
2225.28
2291.00

Bearish

Russell – Dec TFZ1
693.70
− 1.06
705.24
726.37

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
144-03
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Australia 200 (AUS200)

Posted: 22 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Australia 200 (AUS200) index CFD formed a 3-Point Extension Fibonacci Pattern on the 240-minute chart. The pattern suggests that a bottom may have formed at 4082.50. It also suggests that the index CFD may be poised for a retracement of the last swing down from Point B into the series of Fibonacci retracement levels.

The 3-Point Extension Fibonacci Pattern is a counter-trend pattern. Traders should be able to recognize the basic "ABC" or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Sugar

Posted: 22 Nov 2011 01:34 AM PST

By ForexMansion.com
By Jonah S. Ford
Sugar futures have slipped into a narrowing Channel Down chart pattern, recently testing what may prove to be a final low in the downtrend. Autochartist has illustrated the key support and resistance provided by the Channel Down formation, shown here on the 240-minute chart.

This pattern shows has established an exceptionally strong trend in the market, confirmed by the Initial Trend reading of a full 10 bars. The overall Quality ranks the channel at 7 bars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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