Monday, December 12, 2011

DailyMarkets.com - Forex – EUR/USD Drops On Fears Europe Summit Fell Short

DailyMarkets.com - Forex – EUR/USD Drops On Fears Europe Summit Fell Short

Forex – EUR/USD Drops On Fears Europe Summit Fell Short

Posted: 12 Dec 2011 04:44 PM PST

Forexpros – The euro was down against the dollar Tuesday as Asian markets assessed the currency’s sharp declines in earlier U.S. and European trading sessions.

Markets on Tuesday felt eurozone commitments to better integrate fiscal policies lacked the urgency and teeth needed to end the crisis in the near term.

EUR/USD hit 1.3179 during early Asian trading, down 0.07% and slightly up from a session low of 1.3161 and off from a high of 1.3190.

The pair was likely to find support at 1.3161, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 12 Dec 2011 04:35 PM PST

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

USD/JPY was trading at 77.95, up 0.01% at time of writing.

The pair was likely to find support at 77.14, Thursday's low, and resistance at 78.00, Monday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index rose more-than-expected to a seasonally adjusted 0.6% last month from -0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Powerful New Course!

Posted: 12 Dec 2011 04:20 PM PST

An exciting new course from the Pivot Boss – The ADR Method: Forecasting Targets Like the Pros! The ADR Method is a complete solution to forecasting amazingly accurate targets. The best part? It's simple, requires no additional tools or add-ons…and it works! Read more…
The ADR Method

The ADR Method utilizes the Average Daily Range (ADR) of any price chart in order to calculate accurate intraday targets! The basis of this method is derived from how Floor Traders used to calculate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Tertiary Index Rises More-than-expected

Posted: 12 Dec 2011 04:05 PM PST

Forexpros – Japan's tertiary industry activity index rose more-than-expected last month, official data showed on Monday.

In a report, METI said that Japanese tertiary industry activity index rose to a seasonally adjusted 0.6%, from -0.7% in the preceding month.

Analysts had expected Japanese tertiary industry activity index to rise 0.4% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca-Cola Formula Relocates To New Home

Posted: 12 Dec 2011 03:58 PM PST

12/12/11 The Coca-Cola Company moved the top secret formula for Coca-Cola to a brand new home. The closely guarded trade secret is displayed in a vault in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC, Retail Sales Highlight Session

Posted: 12 Dec 2011 03:20 PM PST

12/12/11 The FOMC’s final meeting announcement of the year is scheduled for Tuesday afternoon. US retail sales data will also be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Four Stocks For Your Watchlist

Posted: 12 Dec 2011 03:02 PM PST

( click to enlarge )

The daily technical chart shows the MACD-histogram is already sloping down and the stochastic oscillator has just come out from the overbought zone. Selling short is allowed based on the Impulse System.

( click to enlarge )

The daily MACD-histogram has ticked up, indicating that the bears are losing momentum; while the 50-day MA remains flat. I like the rising MACD. Going long is allowed based on the Impulse System.

( click to enlarge )

Zalicus, Inc. (ZLCS) – … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Healthy Harvest Of Crops & Cash For US Farmers

Posted: 12 Dec 2011 10:00 AM PST

12/12/11 US farmers are enjoying their best year in decades as high prices for crops, livestock, farmland and strong demand for corn has kept farmers harvesting the big bucks this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charles Nenner, Expect Market Meltdown Int The Middle Of 2012

Posted: 12 Dec 2011 02:23 PM PST

I cant say if this is a new article or old stuff re posted, anyways worth a read. Charles Nenner is not too happy about 2012.

Source: Strapped in for a market meltdown (Dec 12 2012)

Extract..

Global equity markets are set for precipitous declines mid-way through next year, according to leading technical analyst, Charles Nenner, head of research at the Charles Nenner Research Centre in Amsterdam.

Nenner has been dubbed the “cycle guru”, because he uses technical analysis to predict future … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco Battles A Tough Economy

Posted: 12 Dec 2011 02:20 PM PST

Costco Wholesale Corporation (NASDAQ:COST) continues to be a dominant retail wholesaler based on the breadth and quality of merchandise it offers. The company's strategy to sell products at heavily discounted prices has helped it to remain on a positive growth track amid beleaguered economic conditions as cash-strapped customers continue to see it as a viable option for low-cost necessities.
Having delivered comparable-store sales growth consistently, Costco is well positioned in the warehouse … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shareholders Ratify SUG-ETE Merger

Posted: 12 Dec 2011 02:20 PM PST

Southern Union Company (NYSE:SUG) has received approval from majority of its shareholders for its proposed merger with Energy Transfer Equity, L.P. (NYSE:ETE). Approximately 80% of the Southern Union's shareholders voted at a special meeting, out of which 98% voted in favor of the merger.
In June 2011, Southern Union had entered into a definite agreement with Energy Transfer Equity, L.P. as per the terms of which the latter had agreed to buy Southern Union for $7.9 billion, including $3.7 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Bags A $4B Order For F-35

Posted: 12 Dec 2011 02:05 PM PST

Military aircraft designers at Lockheed Martin Corporation (NYSE:LMT) have received a sizeable contract worth $4 billion from U.S. Naval Air Systems Command at Patuxent River Naval Air Station, Maryland for 30 F-35 Joint Strike Fighters ("JSF”). However, the final pricing of the aircraft and other terms are still under negotiation.
The F-35 Lightning II is a family of single-seat, single-engine, fifth generation multi-role fighters that are designed to perform ground attack, reconnaissance, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Tumbles To Start Week

Posted: 12 Dec 2011 09:00 AM PST

12/12/11 NYFP’s Closing Bell Report: It was a rough start to the week for US equities as eurozone debt conerns and a weak tech sector sent stocks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Of Less

Posted: 12 Dec 2011 01:52 PM PST

Politicians, economists, and Wall Street “analysts” have relied on various statistics to justify an upbeat economic outlook. However, based on recent reports, it appears that at least three critical data series have been casting an overly positive light on day-to-day conditions:
Unemployment
“Can America Regain Most Dynamic Labour Market Mantle?” (Financial Times)
America is employing a decreasing proportion of its people. At the start of the recession, the employment-to-population rate was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

InTest Corporation Adds To Thermal Division

Posted: 12 Dec 2011 01:50 PM PST

inTest Corporation Adds to Its Thermal Division
Ken Nagy, CFA

On December 12, 2011, inTest Corporation (INTT), an independent designer, manufacturer and marketer of semiconductor automatic test equipment interface solutions and temperature management products, announced that Temptronic Corporation, a member of its Thermal Solutions Group, signed an agreement to acquire the assets and certain liabilities of Thermonics, Inc.

inTest Corporation's Thermal Solutions Group provides customized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ArcelorMittal Remains Neutral

Posted: 12 Dec 2011 01:50 PM PST

We maintain our Neutral recommendation on steel giant ArcelorMittal (NYSE:MT). The company reported diluted net earnings of $0.19 per share in the third quarter of 2011, missing the Zacks Consensus Estimate of $0.51.
The company's revenues of $24.2 billion were down 3.6% sequentially, primarily resulting from lower average selling prices for steel (-1.7%) and lower volume of shipments (-4.9%).
Total steel shipments in the third quarter of 2011 were 21.1 million metric tonnes compared with 20.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIT Initiated At Neutral

Posted: 12 Dec 2011 01:50 PM PST

We are initiating our coverage on CIT Group Inc. (NYSE:CIT) with a long term Neutral recommendation. The company is poised to benefit from its strong capital and liquidity position.
However, sluggish growth in many industries, where CIT offers finance, could hamper its growth prospects. Hence, the company will have to focus on its top-line improvement; otherwise, its bottom-line will continue to remain under pressure.
Along with its subsidiaries, CIT provides commercial financing and leasing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Shares Sink On European Woes; Dow Drops 1.35%

Posted: 12 Dec 2011 01:40 PM PST

Forexpros – bsp;Forexpros – U.S. stocks sank on Monday after the European summit failed to energize the euro zone and tech giant Intel slashed its revenue forecast.

At the close, the Dow Jones Industrial Average gave back 1.35%, the S&P 500 dropped 1.60% and the Nasdaq Composite index sank 1.34%.

Concerns over the survival of the euro zone sent European shares sharply lower with U.S. stocks following.

Disappointing news of the European Central Bank not instituting aggressive measures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Don’t Get Trapped By High Dividends

Posted: 12 Dec 2011 01:35 PM PST

High-dividend stocks are always popular, and why not? When the market is fickle and when it's difficult to earn steadily from price movement of stocks, a high cash-dividend payer could be a good bet.
Cash dividends could return more than what you would have earned had you saved your money in a bank. But choosing a stock only on the basis of how high a dividend it pays may not always be a good idea. You may even find yourself trapped.
How Come?  
Before selecting a dividend-stock, many … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cepheid Stays Neutral

Posted: 12 Dec 2011 01:15 PM PST

We reiterate our Neutral recommendation on Cepheid (NASDAQ:CPHD) as the stock appears to be fairly valued. The company, based in Sunnyvale, California, has a broad portfolio of tests that runs on its GeneXpert system.
Cepheid's system placements continue to remain robust taking the total number of systems placed globally to 2,487. Excluding HBDC, the company placed 122 GeneXpert systems during the most recent quarter with 44 placements in North America and 78 in the international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

InTest Corporation Adds To It???s Thermal Division

Posted: 12 Dec 2011 01:15 PM PST

inTest Corporation Adds to it's Thermal Division
Ken Nagy, CFA

On December 12, 2011, inTest Corporation (INTT), an independent designer, manufacturer and marketer of semiconductor automatic test equipment interface solutions and temperature management products, announced that Temptronic Corporation, a member of its Thermal Solutions Group, signed an agreement to acquire the assets and certain liabilities of Thermonics, Inc.

inTest Corporation's Thermal Solutions Group provides customized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rent-A-Center Adds 3 More Stores

Posted: 12 Dec 2011 01:10 PM PST

Rent-A-Center Inc. (NASDAQ:RCII), the largest rent-to-own operator in the U.S, has an extensive network of more than 3,000 stores, facilitating the company to effectively penetrate into its target markets and gain a competitive advantage over its competitors.
Following its rationale, Rent-A-Center, which competes with Aaron's Inc. (AAN) and Advance America, recently announced the opening of three new stores, one each in the state of Texas, North Dakota and Florida. The company through its latest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Best Buy

Posted: 12 Dec 2011 01:10 PM PST

Best Buy Company, Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, is slated to report its third-quarter 2012 financial results on Tuesday, December 13. The current Zacks Consensus Estimate for the quarter is 52 cents a share. The Zacks Consensus estimates revenue at 12,127 million.
Second-Quarter 2012, a Synopsis
Best Buy posted lower-than-expected second-quarter 2012 results. The quarterly earnings of 47 cents a share missed the Zacks Consensus Estimate of 53 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

India Hard-Sells Retail FDI

Posted: 12 Dec 2011 12:55 PM PST

As the resistance to foreign direct investment (FDI) in retail gathers storm, the Indian government has decided to take the opposition head on. The government was virtually forced to put the 'FDI in retail' policy on hold within days of its announcement.
The government has now decided to embark upon a campaign to convince all stakeholders, such as farmers, traders and shopkeepers about the benefits of the policy. This looks like a clever move to outsmart the continuing political … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota Trims Earnings Outlook

Posted: 12 Dec 2011 12:40 PM PST

Toyota Motor Corp. (NYSE:TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain.
The automaker expects to record a profit of ¥180 billion ($2.3 billion) for the year, which is less than half compared with the previous forecast of ¥390 billion made in August and the year-ago profit of ¥408.18 billion.
The company also expects revenues of ¥18.2 trillion ($234.4 billion) on global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tellabs Upgraded To Neutral

Posted: 12 Dec 2011 12:35 PM PST

Tellabs Inc's (NASDAQ:TLAB) woes continue as the company reported weak financial result for the third quarter of 2011 and provided a tepid outlook for the ensuing fourth quarter. Although international revenue increased, lower revenue from North America is the primary reason for this poor performance.
The company's three reporting segments witnessed reduction in sales. Tellabs' globally reputed high-margin digital cross-connect products are still showing a downtrend, while significantly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Video Games Out Of Summer Slump

Posted: 12 Dec 2011 12:30 PM PST

Buoyed by the pre-holiday season rush and strong sales performance of the newly released games, the video games industry recorded growth in the month of November 2011. According to the NPD Group, the video games industry logged revenues of $2.93 billion in November, significantly higher than the $1.05 billion in October 2011. However, the video game sales figure dropped slightly from $2.99 billion reported in November 2010.
The software sales for November came in at $1.67 billion, up 11.3% from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Progress At Vertex Pharma

Posted: 12 Dec 2011 12:20 PM PST

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) along with partner Alios BioPharma, Inc. recently announced the initiation of two early-stage trials with candidates ALS-2200 and ALS-2158. The companies are studying the two candidates as a treatment for chronic genotype-1 hepatitis C (HCV). Expectedly, data from the trials will be presented in the second quarter of 2012.
Following the release of the data from these phase I trials, Vertex Pharma and Alios BioPharma plan to initiate mid-stage combinations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Pacific Still At Neutral

Posted: 12 Dec 2011 12:05 PM PST

The persistent effects of inclement weather continue to hurt the operations of Canadian Pacific Railway Limited (NYSE:CP), resulting in reduced shipments and higher operating costs.
Similar to its second quarter results, the company's third quarter registered declining service metrics that resulted in lower-than-expected results. However, we expect the company to bounce back in the on-going fourth quarter given strong improvements in service levels.
The company remains fully geared to deliver … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Surges On Troubled Euro Zone

Posted: 12 Dec 2011 12:01 PM PST

Forexpros – bsp;Forexpros – The U.S. dollar surged against its major counterparts on Monday as euro zone debt fears triggered safe haven buying. Better than expected U.S. budget figures added to the dollar bullish environment.

During late session U.S. trade, the greenback was up against the euro, with EUR/USD dropping 1.52% to hit 1.3183.

The single currency was weighed by the failure of the European Central Bank to take decisive actions against the debt crisis.

The greenback was also up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

C.R. Bard Reaffirmed Neutral

Posted: 12 Dec 2011 11:50 AM PST

We retain our Neutral recommendation for C.R. Bard (NYSE:BCR) following its mixed third quarter 2011 results. Earnings for the quarter topped the Zacks Consensus Estimate while sales missed the forecast.
Revenue rose 6% year over year, fueled by healthy contributions from the company's Vascular and Oncology businesses, backed by SenoRx acquisition and overseas operations.
C.R. Bard's well-diversified end-markets and vast product portfolio insulate it from fluctuations in any single therapeutic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pension News: DC Double-Dipping And $157k At 59

Posted: 12 Dec 2011 11:39 AM PST

1. Double-Dipping in DC — “More than two dozen retired police officers who were rehired by the District, including the chief of the police agency that protects government buildings, have been improperly paid both a full pension and full salary for several years even though the D.C. Code prohibits that, according to city documents and interviews with officials. For retired cops, firefighters, and teachers who return to the city workforce, city law requires that their salaries be offset by their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Futures Plunge On China Slowing

Posted: 12 Dec 2011 11:36 AM PST

Forexpros – bsp;
Forexpros – Crude oil futures plunged on Monday after China’s export growth dipped to the weakest pace since 2009. Rating agency, Moody’s added to the bearish sentiment by stating it plans to review the credit ratings of euro zone nations in the first quarter of 2012.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD97.78 a barrel during late U.S. trade, falling 1.63%. It earlier hit a daily high of USD99.67 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Stockpiles Down 20 Bcf

Posted: 12 Dec 2011 11:35 AM PST

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, as frigid weather in the West led to production freeze-offs. However, gas stocks still remain at elevated levels – 8.7% above the 5-year average and 2.7% higher than the same period last year – reflecting low demand amid robust onshore output.
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are Mitt And Newt Channeling Their Inner Progressives?

Posted: 12 Dec 2011 11:20 AM PST

Two important reforms are stopping the revolving door between Washington and the nation's financial giants, and preventing financiers from flipping companies(making short-term profits by borrowing big sums to buy them, then squeezing payrolls and firing employees, and reselling the stripped-down companies at a profit — unless the debt-laden firms fall into bankruptcy first).
Remarkably, the frontrunners for the Republican nomination for president seem to agree. At least, that's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conoco Strikes North Sea Gas

Posted: 12 Dec 2011 11:15 AM PST

ConocoPhillips (NYSE:COP) announced the discovery of gas at the Peking Duck prospect in the southern North Sea off Norway. However, the company did not reveal the estimated amount of gas found.
In its first drilling on the block, ConocoPhillips' 7/11-12 S wildcat hit a 40-metre gas column in a Jurassic reservoir in the Ula formation. The reservoir quality in Triassic rocks was substandard than expected. The other wildcat 7/11-12 A sidetrack struck a 34-metre gas column in the same … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Manufacturing Profits Remain Strong In Q3

Posted: 12 Dec 2011 11:12 AM PST

The Census Bureau reported today on third quarter financial results for the U.S. manufacturing sector, with the following highlights:

After-tax profits for U.S. manufacturing corporations were just short of $150 billion during the July-September period this year.  Profits for Q3 fell by 4.5% from Q2, but were 20.4% ahead of the same quarter last year, and were the second-highest quarterly profit total for U.S. manufacturers in history (see chart above). Compared to the $118.6 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 12 Dec 2011 11:10 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on Federal Budget Balance.

AUD/USD was trading at 1.0074, down 1.42% at time of writing.

The pair was likely to find support at 1.0049, Friday's low, and resistance at 1.0380, Thursday's high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -137.3B last month from -98.5B in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PNC Beefs Up Atlanta Portfolio

Posted: 12 Dec 2011 11:05 AM PST

PNC Financial Services Group Inc. (NYSE:PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (NYSE:FBC).
Flagstar Bank sold the leases associated with the branches and the associated businesses and retail deposits worth approximately $210 million at the closing.  PNC paid the Bank net book value of the acquired real estate and fixed and other personal assets associated with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Earnings Picture 12-12-11

Posted: 12 Dec 2011 11:05 AM PST

Third quarter earnings season was a good one. Total net income growth was far higher than expected, although the median surprise and the ratio of positive surprises to disappointments is slightly below normal.

This week we will change our focus to the expectations for the fourth quarter. The year-over-year growth rate for the S&P 500 is expected to slow dramatically, to just 4.62% from 13.44% in the third quarter. Excluding Financials, the growth slowdown is expected to be even more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Federal Budget Balance Falls Less-than-expected

Posted: 12 Dec 2011 11:05 AM PST

Forexpros – The U.S. federal budget balance fell less-than-expected last month, official data showed on Monday.

In a report, Department of the Treasury said that U.S. federal budget balance fell to a seasonally adjusted -137.3B, from -98.5B in the preceding month.

Analysts had expected U.S. federal budget balance to fall to -138.0B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Tumbles On Surging Dollar

Posted: 12 Dec 2011 11:05 AM PST

Forexpros –
Forexpros – Gold fell nearly 3% on Monday, hitting six week lows, as euro zone fears sent the U.S. dollar sharply higher.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1668.65 a troy ounce booking its largest drop in 3 months.

Gold futures were likely to find support at USD1665.05 and technical resistance exists at USD1670.05.

The failure of the European Summit to take decisive action to end the euro zone debt crisis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Progress” In Europe?

Posted: 12 Dec 2011 10:50 AM PST

Most of the important action last week was in Europe. There was yet another emergency summit. I have given up counting how many of them there have been over the last few months, but pretty soon they are going to have to start expressing them in scientific notation. I am sure this one was not the last.  However, there was some significant “progress" in this one.

Of the 27 nations in the European Union, including all 17 that use the Euro common currency, what was agreed upon is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NuStar Completes Unit Offering

Posted: 12 Dec 2011 10:50 AM PST

San Antonio-based pipeline operator and asphalt refiner NuStar Energy L.P. (NS) announced the closure of its previously announced public offering.
The transportation and storage master limited partnership (MLP) priced the public offering of 6,037,500 common units at $53.45 apiece, including a fully exercised over-allotment option for 787,500 units. NuStar plans to use the proceeds – approximately $311.5 million before expenses – to pay back the outstanding debt under its revolving credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monday Morning Check On Stock Market Internals Dec 12

Posted: 12 Dec 2011 10:37 AM PST

How have market internals given us clues about the last two short-term stock market reversals, and what are they saying currently?
Let's check out the 30-min intraday S&P 500 Chart of Breadth-based Market Internals:

What we're seeing above (click for full image) is the S&P 500 with the NYSE Breadth and NYSE Volume Difference of Breadth (two of the "Big Three" Market Internals – the other is the NYSE TICK).
Breadth measures the number of advancing issues minus declining issues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Sharply Lower On EU Treaty Worries

Posted: 12 Dec 2011 10:21 AM PST

Forexpros –
Forexpros – The euro dropped sharply against the U.S. dollar on Monday. Concerns that the European summit meeting did not accomplish anything of merit combined with the refusal of the European Central Bank to commit to additional bond purchases sent the single currency sliding lower.

EUR/USD hit a low of 1.3177 during mid session U.S. trade. The pair subsequently bounced to trade at 1.3203 later in the trading session, giving back 1.46%.

The pair was likely to find support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Gets Hammered By Stronger Dollar

Posted: 12 Dec 2011 10:00 AM PST

12/12/11 Gold prices are getting hammered this Monday, falling to its lowest levels in three weeks, this as the dollar continues to rise and demand continues to slide in key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Germany 30 (DE30)

Posted: 12 Dec 2011 05:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
A gap-lower opening led to renewed selling pressure which forced the Germany 30 (DE30) through the support line of a triangle chart pattern on the 240-minute chart. Based on the Autochartist projection the index CFD is likely to reach a forecast price zone identified as 5615.97 to 5345.02 over the near-term.

The overall quality of the chart pattern is an average 5-bars. The initial trend which measures the strength of the trend prior to the pattern's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, December 13, 2011

Posted: 12 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, December 13, 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
109.42
+ 0.03
109.44
109.28

Neutral

BND – Vanguard Total Bond Market ETF
83.49
+ 0.11
83.52
83.39

Neutral

DBC – DB Commodity Index Tracking Fd
26.94
− 1.28
27.15
27.46

Bearish

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 Tuesday, December 13, 2011

Posted: 12 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, December 13, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.35
− 3.01
9.51
9.72

Bearish

AXP – American Express Company
47.89
− 1.86
48.22
48.61

Bearish

BA – Boeing Co
70.90
− 1.43
70.95
71.44

Bearish

BAC – Bank of America Corporation
5.45
− 4.72
5.63
5.73

Bearish

CAT – Caterpillar Inc
93.24
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, December 13, 2011

Posted: 12 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, December 13, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0072
− 1.40
1.0168
1.0214

Bearish

EURUSD – Euro / US Dollar
1.3187
− 1.46
1.3324
1.3383

Bearish

GBPUSD – British Pound / US Dollar
1.5582
− 0.54
1.5641
1.5666

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0267
+ 0.95
1.0206
1.0161

Bullish

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

The Trend Trader For Futures Trading On Tuesday, December 13, 2011

Posted: 12 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, December 13, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1229.25
− 1.90
1239.47
1247.25

Bearish

Dow Jones – Mar YMH2
11943
− 1.65
12023
12086

Bearish

Nasdaq – Mar NQH2
2290.50
− 1.21
2297.97
2307.67

Bearish

Russell – Mar TFH2
729.60
− 1.78
730.84
735.07

Bearish

INTEREST RATES

US T-Bond – Mar ZBH2
142-04
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Platinum

Posted: 12 Dec 2011 02:32 AM PST

By ForexMansion.com
By Jonah S. Ford
Platinum futures followed the rest of the precious metals complex sharply lower in Monday's session on renewed signs of global economic weakness. The slide in the metals was telegraphed early on when major support levels in gold, silver, platinum and palladium all triggered stop-loss orders with no buying interest materializing at the lower prices. Autochartist identified multiple key level breakdowns on most time frames.

Platinum dropped to new lows near … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You Can’t Print More Gold

Posted: 11 Dec 2011 10:00 PM PST

What do you get when you mix negative real interest rates with stimulative money supply efforts by global central banks?
An exceptionally potent formula for higher gold prices that could send gold to the unimaginable level of $10,000 an ounce. Negative real interest rates and strong money supply growth are two key factors of what I refer to as the Fear Trade.
Negative real interest rates occur when the inflationary rate, or CPI, is greater than the current interest rate. A quick account of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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