Tuesday, November 1, 2011

DailyMarkets.com - Forex Trading: USDCNH Gains Bid

DailyMarkets.com - Forex Trading: USDCNH Gains Bid

Forex Trading: USDCNH Gains Bid

Posted: 01 Nov 2011 05:32 PM PDT

On the back off soft manufacturing data out of China and the rest of Asia, coupled with a flight to quality with the continued uncertainty out of Europe and the imminent Greek referendum we see the USDCNH pair move higher escaping the range that let to the August/September lows. The pair is now approaching trendline resistance and subsequently the 100 day moving average which could provide some resistance if the current global macroeconomic situation remains as is for the time … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 01 Nov 2011 04:35 PM PDT

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

USD/JPY was trading at 78.36, down 0.02% at time of writing.

The pair was likely to find support at 75.58, Monday's low, and resistance at 79.53, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.38% to hit 1.3652 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Is The Dow Theory?

Posted: 01 Nov 2011 04:22 PM PDT

I was alerted to the fact that November 3 will be the Charles Dow’s 160th birthday. The Market Technicians Association is celebrating the anniversary with a cocktail celebration.
We look at the gyrations of the market these days and think that it’s never been this bad. Some individual investors say that the stock market is rigged, have taken their money out of the market and pledge they will never come back. The claims of the Occupy Wall Street demonstrations are unique but assemblages on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 01 Nov 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3656, down 0.35% at time of writing.

The pair was likely to find support at 1.3609, today's low, and resistance at 1.4246, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8574 and EUR/JPY falling 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

October US Auto Sales Spike

Posted: 01 Nov 2011 03:58 PM PDT

11/01/11 US automakers posted a monthly increase in auto sales, while Honda and Toyota reported a decline in October. Pent-up demand helped lift a traditionally slow season for auto … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 01 Nov 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7952, up 0.02% at time of writing.

The pair was likely to find support at 0.7920, today's low, and resistance at 0.8242, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.02% to hit 1.2993 and EUR/NZD falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Watch Overnights

Posted: 01 Nov 2011 03:33 PM PDT

Cusick’s Corner
The dip buyers just couldn’t get the market off the worst levels; trying to get the market up to the 1220 level that I discussed last night. This squeezes out the speculative longs and we saw this action confirmed when we closed at the worst levels of the day. The Bond action in the long end of the curve, 10 & 30 yr, finished on the highs with the 30 yr up over 3 ticks again today. However, Crude, CLZ11, Euro Currency, FXE, and Gold, GLD, bounced and finished off the lows, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Midweek Highlights: FOMC, Bernanke, ADP Report

Posted: 01 Nov 2011 03:20 PM PDT

11/01/11 Headlines from the euro zone will continue to be closely watched. Focus will shift to the FOMC and ECB alongside the October US jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Estee Lauder Mentors Tory Burch

Posted: 01 Nov 2011 03:10 PM PDT

U.S. cosmetics giant Estee Lauder Companies Inc. (NYSE:EL) has inked a multi-year licensing agreement with American sportswear brand, Tory Burch, thereby mentoring its way in the fragrance market.
The Aramis and Designer Fragrances, a division of Estee Lauder, will take over the exclusive worldwide license rights to produce fragrances for Tory Burch to be launched in 2013. This is Tory's first venture into perfume business and comes after years of the beauty industry's anticipation for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA’s ‘Battlefield 3′ Races Ahead

Posted: 01 Nov 2011 02:50 PM PDT

Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, sold over 5 million units of its newly released game Battlefield 3 in the first week of release. The game was released on October 25, 2011 worldwide and has turned out to be the fastest selling video game from EA's stable. However, EA did not provide any revenue details.
The Battlefield franchise began its journey in 2002 and ever since, fans across the world greeted the game gleefully. Since the launch of Battlefield 1942, the first of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nostradamus Does Not Work Here, But – UPDATE

Posted: 01 Nov 2011 02:46 PM PDT

Wow we on a roll. We new this latest risk on rally was bogus. Price moves that go straight up with out zig zagging is nearly always a pump ready for a dump. Funny thing the last pump (Aug 2011) was followed by a 15% sell of the SP500, so far this sell off is in its early stages. Sell the bounce or what Wyckoff calls the LPS (last points of supply).

Ref: Mystery Trader, pump and dump

Review trade ideas:

Winner (So far) : Richard Wyckoff Tags on the SP500 – The current move is an up thrust … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Picks For Wednesday, Nov 2

Posted: 01 Nov 2011 02:40 PM PDT

 ( click to enlarge )

Shares of Corinthian Colleges, Inc. (NASDAQ:COCO)  rose 14% to $2.18 per share. The technical chart above shows very positive sign as the stock is now in a rally as %K line is on top of %D line and closed above its 50-day moving average. Another bullish sign includes MACD which has just rose above 0. A breakout beyond $2.26 will take the price to $2.78. Hold the stock with a stop below its recent low at $1.68.

  ( click to enlarge )

Apollo Group, Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Stryker

Posted: 01 Nov 2011 02:35 PM PDT

Orthopedic devices giant Stryker Corporation's (NYSE:SYK) third-quarter 2011 adjusted (excluding acquisition charges) earnings per share of 91 cents topped the Zacks Consensus Estimate of 89 cents and the year-ago earnings of 80 cents.
Third Quarter Flashback
Profit (as reported) dipped 3% year over year, hit by a $25 million charge associated with the company's takeover of Orthovita, Memometal Technologies and Boston Scientific's (NYSE:BSX) Neurovascular business.
Revenues jumped roughly 15% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Calgon Carbon

Posted: 01 Nov 2011 02:20 PM PDT

Calgon Carbon Corporation (NYSE:CCC) will release its results for the third quarter of 2011 before the market opens on November 2, 2011.
Calgon Carbon earned a profit of 20 cents per share in the second quarter of 2011 missing the Zacks Consensus Estimate by a penny.
In the upcoming quarter, the Zacks Consensus Estimate for Calgon Carbon is pegged at a profit of 22 cents per share, reflecting an annualized growth of 19.75%.
With respect to earnings surprises, the company missed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lumbering Lower

Posted: 01 Nov 2011 02:15 PM PDT

If Wall Street was disappointed by the latest reading of the Institute for Suppy Management’s Manufacturing Index (ISMMI), announced this morning, just think how they’re going to feel when the indicator drops back into economic contraction territory below 50.
To wit, if this chart of the relationship between the ISSMI and lumber prices (which have traditionally been quite sensitive to shifts in the prevailing economic winds) is any guide, then that’s just where we are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Foreign Banks Stock Update

Posted: 01 Nov 2011 02:11 PM PDT

The global banking industry is still a sorry sight, and its near term looks even worse with several negatives like asset-quality troubles, weak revenue growth, steeper costs and weak loan demand. But thanks to the worldwide regulatory reform, the sector has at least entered a transformation phase. Needless to mention, a change has yet to be felt.

Potential threats from a deeper European debt crisis and the uncertain outlook for the U.S. economy following the rating downgrades by Standard & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Union Acquires Finint

Posted: 01 Nov 2011 02:00 PM PDT

In yet another initiative to expand its presence in Europe, the world's leading money transfer company, Western Union Co. (NYSE:WU) has announced the completion of its acquisition of Finint S.r.l., one of the leading agents in its money transfer network in Europe.
Western Union owned a 30% interest in Finint for over a decade. After regulatory approvals, the company acquired the remaining 70% of interest in the Finint. With just two months to go for the conclusion of FY11, we do not think that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Dow Takes Another Beating, Drops 297 Points

Posted: 01 Nov 2011 09:00 AM PDT

11/01/11 NYFP’s Closing Bell Report: Mixed reports regarding a Greek referendum led the way for another steep drop for the Dow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 01 Nov 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3702, down 1.13% at time of writing.

The pair was likely to find support at 1.3609, today's low, and resistance at 1.4246, Thursday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

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

Earnings Scorecard: Coach, Inc.

Posted: 01 Nov 2011 01:52 PM PDT

Despite the economic instability, Coach, Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, recently posted better-than-expected first-quarter 2012 results on the heels of healthy sales in North America and China.
Street analysts had nearly a week 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 … [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: 01 Nov 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on ISM Manufacturing Index.

USD/JPY was trading at 78.32, up 0.19% at time of writing.

The pair was likely to find support at 75.58, Monday's low, and resistance at 79.53, Monday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

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

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

Posted: 01 Nov 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3702, down 1.13% at time of writing.

The pair was likely to find support at 1.3609, today's low, and resistance at 1.4246, Thursday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

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

MetroPCS Misses 3Q, Adds Users

Posted: 01 Nov 2011 01:19 PM PDT

MetroPCS Communications Inc. (NYSE:PCS), the sixth-largest prepaid wireless service operator in the U.S. has reported lower-than-expected third quarter 2011 results. Adjusted earnings per share of 19 cents missed the Zacks Consensus Estimate of 23 cents and fell 13.6% from 22 cents in the year-ago quarter on flaring operating expenses.
Total revenue climbed 18% year over year to $1,205 million in the third quarter, but failed to match our expectation of $1,224 million. Adjusted EBITDA increased 4% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet Beats, Affirms Outlook

Posted: 01 Nov 2011 01:19 PM PDT

Tenet Healthcare Corp. (NYSE:THC) reported third-quarter income from continuing operations, net of tax of $16 million or 4 cents per share, beating the Zacks Consensus Estimate of 1 cent and operating loss of $14 million or 1 cent per share in the prior-year quarter.
Operating income for the reported quarter excludes $8 million post-tax related to litigation, restructuring and impairment expenses. Prior-year operating income excludes a tax benefit of $981 million related to carry forward of net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nicor Disappoints, Trims Guidance

Posted: 01 Nov 2011 01:19 PM PDT

Gas distributor Nicor Inc. (NYSE:GAS) reported third quarter 2011 earnings per share of 12 cents, lagging way behind the Zacks Consensus Estimate of 30 cents. Comparing year-over-year, earnings dropped 38.7% from 31 cents per share (adjusted), bruised by poor performance by the shipping and other energy businesses, coupled with increased operating expenses.
The company's total operating revenues were $348.4.0 million, down slightly from $352.5 million in the prior year quarter. The result was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.48%

Posted: 01 Nov 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 2.48%, the S&P 500 index shed 2.79%, while the Nasdaq 100 index declined 2.61%.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

Analysts had expected the ISM manufacturing PMI to rise to 52.1 last month.

Meanwhile, across the Atlantic, European stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PEG Barely Beats, Misses Sales

Posted: 01 Nov 2011 01:12 PM PDT

Public Service Enterprise Group Inc. (NYSE:PEG) or PSEG reported third quarter 2011 operating earnings per share of 83 cents, a penny above the Zacks Consensus Estimate. However, earnings were lower than the year-ago figure of $1.03 per share.
In the reported quarter, GAAP EPS was 52 cents, down from $1.08 per share in the year-ago period. The variance between GAAP and operating earnings was due to an after-tax charge of 34 cents per share related to the reserve for Energy Holdings' lease … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Capella

Posted: 01 Nov 2011 01:06 PM PDT

Capella Education Company (NASDAQ:CPLA), one of the largest rent-to-own operators, recently delivered better-than-expected third-quarter 2011 results.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we will cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report Review
Capella's quarterly earnings of 66 cents a share beat the Zacks Consensus Estimate of 59 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 01 Nov 2011 12:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3685, down 1.25% at time of writing.

The pair was likely to find support at 1.3609, today's low, and resistance at 1.4246, Thursday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

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

MWI Vet Acquires Micro Beef

Posted: 01 Nov 2011 12:51 PM PDT

MWI Veterinary Supply Inc. (NASDAQ:MWIV), has completed the acquisition of Micro Beef Technologies Ltd for $60 million. The total consideration includes approximately $53.4 million in cash and common stock valued at $6.6 million.
MWI aims to fund the acquisition through a combination of its credit facility and 94,359 shares of common stock. After considering all acquisition and integration related expenses, the deal is expected to be slightly accretive to MWI in fiscal 2012.
Micro Beef is a health … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FirstEnergy Sales Falter, EPS Beats

Posted: 01 Nov 2011 12:35 PM PDT

Diversified energy company, FirstEnergy Corp. (NYSE:FE) announced third-quarter 2011 operating earnings of $1.34 per share, surpassing the Zacks Consensus Estimate of $1.23 per share and year-ago earnings of $1.28 per share.
The year-over-year growth in earnings was due to higher sales margins and the net accretion from the Allegheny merger, including the impact of shares issued in the merger. The positives were marginally offset by higher operating costs, higher financing costs and depreciation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rowan Disappoints In Q3

Posted: 01 Nov 2011 12:35 PM PDT

Rowan Companies Inc. (NYSE:RDC) recorded third-quarter 2011 earnings of 25 cents per share, failing to meet the Zacks Consensus Estimate of 39 cents and showing a deterioration of nearly 51% from the year-earlier profit of 51 cents.
Total revenue declined 1.6% year over year to $234.7 million in the reported quarter, and also failed to match up to our expectation of $261 million.
Operational Performance
The company's drilling operations generated revenues of $234.7 million in the quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Mixed Bag At Expeditors

Posted: 01 Nov 2011 12:35 PM PDT

Expeditors International of Washington Inc. (NASDAQ:EXPD), a third-party logistics provider, has reported third quarter adjusted earnings of 50 cents per share, surpassing the Zacks Consensus Estimate by a penny. Earnings per share increased 14% from 44 cents in the year-ago quarter.
Total revenue dropped 4% year over year to $1.61 billion and was below the Zacks Consensus Estimate of $1.737 billion.
On a year-over-year basis, revenues in the United States, Other North America, Latin America, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Healthways Sees U.S. Struggles

Posted: 01 Nov 2011 12:35 PM PDT

Healthways (NASDAQ:HWAY), the well-being enhancement company, and statistical research services provider Gallup recently announced the results of the monthly Gallup-Healthways Well-Being Index ("WBI") for September 2011. The overarching WBI measure fell to 65.7, its lowest point since March 2009 when it had attained a score of only 64.3.
Among the component indices, the Emotional Health Index recorded a poor score, for the month of September vis-à-vis the same month of the 4 prior years, of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Current Intermarket Volatility Band Reference Charts

Posted: 01 Nov 2011 12:34 PM PDT

Following up with the Inter-market charts at the beginning of November, let's take it a step further and quantitify the levels of volatility – using Standard Deviation Bands – of the S&P 500, Gold, Oil, and US Dollar Index.
Let's start with the S&P 500 Standard Deviation Band Chart:

First, a little explanation about what we're seeing.
Traders are familiar with Bollinger Bands, which draw two standard deviations (in a band) above and beneath the 20 period average (mean).
These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Politics As Usual

Posted: 01 Nov 2011 12:34 PM PDT

Cusick’s Corner
Well, if you learn just one thing out of what has transpired in the markets over the past few days, don’t make big, one-sided bets. That can be said both politically, Greece is playing chicken without a car, and financially. I always emphasize spreading off risk when trading. In times of uncertainty, par down your size and most importantly protect your capital. At this level, 1215 on the S&Ps, we have sliced through critical levels and if we get down to the 1200 area and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equinix Misses Estimates

Posted: 01 Nov 2011 12:20 PM PDT

Equinix Inc. (NASDAQ:EQIX) reported third quarter 2011 earnings per share of 20 cents, way below the Zacks Consensus Estimate of 44 cents.
Revenues
Revenues in the reported quarter were $417.6 million, up 26.4% from the year-ago quarter. Quarterly result included a contribution of $17.9 million from the newly acquired ALOG data centers.
Recurring revenues, consisting primarily of co-location, interconnection and managed services, stood at $397.4 million in the third quarter, up 26.2% year over year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenneco Meets Estimates

Posted: 01 Nov 2011 12:20 PM PDT

Tenneco Inc. (NYSE:TEN) recorded a 75% increase in profit to $42 million or 67 cents per share in the third quarter of 2011 from $24 million or 39 cents per share (before special items) during the same quarter of 2010. The company's profit was in line with the Zacks Consensus Estimate during the quarter.
Revenues in the quarter grew 15% to $1.77 billion from $1.54 billion a year ago. Value-add revenue (revenues excluding substrate sales) was $1.37 billion, a 16% increase from $1.19 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Beats On EPS, Revises View

Posted: 01 Nov 2011 12:20 PM PDT

Watson Pharmaceuticals Inc.’s (NYSE:WPI) third quarter 2011 earnings (excluding special items) of $1.09 per share surpassed the Zacks Consensus Estimate by 4 cents and the year-ago earnings by 24 cents. Higher revenues helped boost earnings.
Quarterly Details
Revenues jumped 22.6% to $1.08 billion, but narrowly missed the Zacks Consensus Estimate of $1.09 billion. Revenues increased mainly due to higher generic and branded drug sales during the quarter.
Watson Pharma reports revenues under three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CME Tops, Margins High

Posted: 01 Nov 2011 12:15 PM PDT

CME Group Inc. (NASDAQ:CME) reported its third quarter 2011 earnings per share of $4.74, modestly ahead of the Zacks Consensus Estimate of $4.64 but substantially higher than $3.66 reported in the year-ago quarter. Net income surged 29.4% to $316.1 million from the prior-year earnings of $244.3 million. The uptick was primarily attributable to moderate volume growth and strong expense management.
CME Group's total revenue for the reported quarter spiked 19.2% year over year to $874.2 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stellar 3Q By Valero

Posted: 01 Nov 2011 12:15 PM PDT

Valero Energy Corporation (NYSE:VLO) has posted third quarter 2011 earnings from continuing operations of $2.11 per share, striding past the Zacks Consensus Estimate of $1.74 and showing an improvement from last year’s earnings from continuing operations of 53 cents. The year-over-year improvement can be traced back to favorable refining margins and highest refinery utilization since the third quarter of 2007.
Total revenue in the quarter shot up more than 60% year over year to $33,713 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 01 Nov 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index.

USD/CAD was trading at 1.0184, up 1.77% at time of writing.

The pair was likely to find support at 0.9892, Thursday's low, and resistance at 1.0208, today's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

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

Rising Cost Dents ADM’s Profit

Posted: 01 Nov 2011 12:05 PM PDT

Archer Daniels Midland Company (NYSE:ADM) reported disappointing first-quarter 2012 results. Earnings for the reported quarter were 58 cents per share compared with 67 cents per share in the year-ago quarter. Quarterly earnings also missed the Zacks Consensus Estimate of 69 cents a share. Earnings in the reported quarter declined primarily due to higher agricultural commodity prices.
On a reported basis, excluding special items, quarterly earnings surged approximately 26.0% to 68 cents from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Numbers From Baker Hughes

Posted: 01 Nov 2011 12:05 PM PDT

Baker Hughes Inc. (NYSE:BHI) impressed with its third quarter 2011 results, recording a year-over-year jump in per share profit on strong domestic operations. The company's earnings of $1.18 a share showed a dramatic improvement from 59 cents earned a year ago. However, the quarterly results were below the Zacks Consensus Estimate of $1.21.
Revenue shot up 27% to $5,178 million in the quarter from the year-earlier level of $4,078 million. The top line also exceeded the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Costs Push Up Loss At Regeneron

Posted: 01 Nov 2011 12:00 PM PDT

Regeneron Pharmaceuticals Inc.'s (NASDAQ:REGN) third quarter 2011 net loss of $0.68 per share was wider than the year-ago loss of $0.41 per share. The wider year over year loss suffered by the company was attributable to lower revenues and higher operating expenses. The Zacks Consensus Estimate hinted at a loss of $0.75 per share for the reported quarter.
Quarterly Results in Detail
Total revenue in the reported quarter declined 3% to $107.8 million. Revenues also fell short of the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marathon Misses EPS, Beats Revenue

Posted: 01 Nov 2011 12:00 PM PDT

Oil and natural gas exploration and production firm Marathon Oil Corporation (NYSE:MRO) reported weaker-than-expected third quarter 2011 profits, as field declines hurt production.
Houston, Texas-based Marathon – which recently spun off its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (MPC) – announced earnings from continuing operations (excluding special items) of 59 cents per share, well below the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volcano Beats Nominally, Revs Match

Posted: 01 Nov 2011 12:00 PM PDT

Volcano Corporation (NASDAQ:VOLC) reported an EPS of 5 cents in the third quarter of fiscal 2011, a penny above the Zacks Consensus Estimate but lower than EPS of 10 cents in the year-ago period. Revenues increased 18% year over year to reach $85.8 million during the quarter and were in line with the Zacks Consensus Estimate.
The company's two reporting segments, Medical and Industrial, booked respective revenues of $83 million (up 24% year over year) and $2.8 million (down 54%). As in the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 01 Nov 2011 11:35 AM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on ISM Manufacturing Index.

USD/JPY was trading at 78.26, up 0.12% at time of writing.

The pair was likely to find support at 75.58, Monday's low, and resistance at 79.53, Monday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

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

European Markets Close Lower; Dax Down 5.00%

Posted: 01 Nov 2011 11:05 AM PDT

Forexpros – European stocks were down after the closing bell on Tuesday.

At the close of European trade, Germany's DAX fell 5.00%, London's FTSE 100 shed 2.21%, France's CAC 40 declined 5.38% and the EURO STOXX 50 was down 5.26%.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell unexpectedly to 50.8 last month from 51.6 in the preceding month.

Analysts had expected the ISM manufacturing PMI to rise to 52.1 last month.

Meanwhile, on Wall Street, equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 01 Nov 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE continued its sell-off on Tuesday, taking out all of its huge gain from the previous week. Based on the size of the current break, last week's rally is beginning to look like a "blow-off" top. It's a difficult call at this time since the index hasn't even tested last week's high yet and the market is still within striking distance of 50% retracement support.

From a longer-term perspective, the main range is the October 4 bottom at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, November 2, 2011

Posted: 01 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, November 2, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.40
− 3.35
10.94
11.11

Bearish

AXP – American Express Company
48.99
− 3.22
50.78
50.92

Bearish

BA – Boeing Co
63.17
− 3.98
65.86
66.83

Bearish

BAC – Bank of America Corporation
6.40
− 6.30
6.89
7.07

Bearish

CAT – Caterpillar Inc
91.63
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, November 2, 2011

Posted: 01 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, November 2, 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
110.27
+ 0.22
109.82
109.41

Bullish

BND – Vanguard Total Bond Market ETF
84.03
+ 0.49
83.55
83.26

Bullish

DBC – DB Commodity Index Tracking Fd
27.39
− 1.19
27.72
27.99

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, November 2, 2011

Posted: 01 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, November 2, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1224.50
− 1.98
1251.42
1262.25

Bearish

Dow Jones – Dec YMZ1
11681
− 1.82
11922
12009

Bearish

Nasdaq – Dec NQZ1
2303.50
− 2.23
2352.69
2364.00

Bearish

Russell – Dec TFZ1
718.30
− 2.84
740.50
743.87

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
142-00
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Crude Oil

Posted: 01 Nov 2011 05:03 AM PDT

By ForexMansion.com
By Jonah S. Ford
 
US Crude Oil futures followed the stock market lower once again during Tuesday's trading session to close below the $90 a barrel level. The decline triggered a breakout sell signal, identified by Autochartist on the 240-minute chart.

Crude Oil futures have been rising in a steady Channel Up chart pattern with well defined support and resistance levels. After failing to move past resistance near $95 per barrel, a retracement back through support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, November 2, 2011

Posted: 01 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, November 2, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0329
− 1.90
1.0556
1.0589

Bearish

EURUSD – Euro / US Dollar
1.3698
− 1.15
1.3947
1.4066

Bearish

GBPUSD – British Pound / US Dollar
1.5945
− 0.88
1.6054
1.6052

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0200
+ 1.96
1.0012
1.0006

Bullish

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

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