Thursday, December 8, 2011

DailyMarkets.com - Forex Trading: Usd/hkd Finally Testing The 38.2% Retracement Level.

DailyMarkets.com - Forex Trading: Usd/hkd Finally Testing The 38.2% Retracement Level.

Forex Trading: Usd/hkd Finally Testing The 38.2% Retracement Level.

Posted: 08 Dec 2011 05:35 PM PST

usd/hkd finally testing the 38.2% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Fills Gap.

Posted: 08 Dec 2011 04:34 PM PST

usd/sgd filled the gap down. Which signals there might be more room on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Continue To Trade Lower.

Posted: 08 Dec 2011 04:34 PM PST

usd/cnh continue to trade lower after breaking through that trend-line, it did try to retest that line but quickly retreat off to today's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 08 Dec 2011 04:10 PM PST

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

USD/JPY was trading at 77.68, up 0.06% at time of writing.

The pair was likely to find support at 77.14, Thursday's low, and resistance at 78.10, Monday's high.

Earlier in the day, official data showed that Japanese gross domestic product rose more-than-expected to a seasonally adjusted 1.4% in the last quarter from 1.5% in the preceding quarter.

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

Japan’s GDP Rises More-than-expected

Posted: 08 Dec 2011 04:05 PM PST

Forexpros – Japanese gross domestic product rose more-than-expected in the last quarter, official data showed on Thursday.

In a report, Cabinet Office said that Japan's GDP rose to a seasonally adjusted 1.4%, from 1.5% in the preceding quarter.

Analysts had expected Japan's GDP to rise 1.3% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Text-and-driving Remains Popular Pastime

Posted: 08 Dec 2011 03:58 PM PST

12/08/11 The National Highway Traffic Safety Administration’s latest study showed that drivers can’t resist sending a text message or chatting on the phone. The number of fatalities related to distracted driving increased in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Support Challenged

Posted: 08 Dec 2011 03:35 PM PST

Cusick’s Corner
The overall trend in today’s market is down, every bounce up is being met with selling and now into the Midday, the bids are sitting on the sideline. The shorts are bearing down and I want to keep my eye on the Euro Currency, especially with rates being cut and meetings happening. As I have stated in other Corners, the Euro is my canary in the coalmine. If the EU crisis worsens or becomes more uncertain, we will see weakness in the currency and the Euro, FXE could dip below 1.32 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Minefield Of Headlines

Posted: 08 Dec 2011 03:35 PM PST

Cusick’s Corner
Confusion. While I was just doing an interview on the floor of the CME, the S&Ps behind me began to pullback hard, 8 points to 1233 and why? I looked up and saw the headline, “Germany shoots down draft.” This would be like telling my kids that this is the law and then also telling them that it was a dumb law (I have a lot of kids so they could turn on me like a hungry mob rather quickly). It’s a minefield of headlines and we have to treat the trading landscape like that for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Summit Takes Center Stage

Posted: 08 Dec 2011 03:20 PM PST

12/08/2011 The outcome of the EU summit Brussels will be the key event of the day. Global economic data including the University of Michigan’s consumer sentiment index will be taking a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Airlines Head To Weak 2012

Posted: 08 Dec 2011 03:15 PM PST

The International Air Transport Association (IATA) cut its global airline industry profit forecast to $3.5 billion for 2012, with a net profit margin of 0.6%. Previously, in September, the Association had forecast profits of $4.9 billion.
Tougher conditions will likely stem from the government's failure to find any resolution to the Euro-zone sovereign debt crisis that has dwarfed economic growth. The problems in Europe are swelling and spilling over to the rest of the world. In the worst … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On ACE Limited

Posted: 08 Dec 2011 03:00 PM PST

Given ACE Limited's (NYSE:ACE) substantial exposure to catastrophe losses, pressure on top line growth and volatile financial market, we retain our Neutral recommendation on the company.
Counting on the positives, ACE Limited continues to make acquisitions. Acquisitions have created a turnaround in premium writings and in turn have helped the company to deliver better numbers and we expect the trend to continue going forward. Also, with considerable balance sheet strength, we expect ACE to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan To Upgrade Terminal

Posted: 08 Dec 2011 02:50 PM PST

Kinder Morgan Energy Partners L.P. (NYSE:KMP) has set aside $210 million to upgrade its Edmonton Terminal in Strathcona County, Alberta. The enhancement plan includes construction of seven tanks with a storage capacity of 2.4 million barrels for crude oil and condensate at the Edmonton facility.
Kinder Morgan Canada Terminals has signed long-term agreements with customers to execute the project. Earlier, Trans Mountain Pipeline, a subsidiary of Kinder Morgan had received consent from the National … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Occupancy Tax Rulings Favor OTAs

Posted: 08 Dec 2011 02:40 PM PST

While the number of legal proceedings against online travel companies/agents (OTCs/OTAs) continues to increase, there are some positive trends in recent rulings. The wins in Texas and California courts are big positives for OTAs, such as Expedia (NASDAQ:EXPE), Priceline.com (NASDAQ:PCLN), Orbitz Worldwide (NYSE:OWW) and Travelocity. Particularly Expedia, since the company is being held liable for the bulk of the back taxes.
The OTA mouthpiece Interactive Travel Services Association (ITSA) has been talking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD With Resistance On The Horizon

Posted: 08 Dec 2011 02:37 PM PST

On the chart below we see the USDHKD pair caught a bid today as we say a risk off move toward USD, US Treasuries and away from Euro's, equities and yield. The steep trendline support could be tested again, but a hold ahead of Christmas should be in order and tests of the trendline above, the 50% retracement (21day mavg) and subsequently the parallel and declining 100 and 200 day mavg's could be in short order. Stay tuned this could get technical lacking any significant resolution from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Slows Down By Own Standards

Posted: 08 Dec 2011 02:12 PM PST

The march of the Chinese dragon is relentless. However, it is not immune to the economic morass of its major trading partners and is experiencing a slowdown in growth rate that is more rapid than anticipated. Consequently, the government is implementing economic and social confidence-boosting measures.
The achievements of the Middle Kingdom are impressive: the second largest economy, the biggest exporter, the most foreign reserves and rising per capita income. The Chinese currency may even … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BMC Looks Evenly Poised

Posted: 08 Dec 2011 02:12 PM PST

A recent technology tie-up has taken place between BMC Software (NYSE:BMC) and Cisco Systems Inc. (NASDAQ:CSCO), according to which BMC has decided to support the Cisco Network Services Manager across its cloud management product line, which includes BMC Network Automation and BMC Cloud Lifecycle Management. The two companies now have a strategic alliance with more than 25 successful joint cloud customers, which includes Telstra, QTS and Harris Corp.
Cisco Network Services Manager is expected to get … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper In Japanese JV

Posted: 08 Dec 2011 02:12 PM PST

Ace networking solutions vendor Juniper Networks Inc. (NASDAQ:JNPR) is close to having its own operation in the Land of the Rising Sun. Until now, Juniper was happy with its products and services being offered by Japanese resellers or distributors. Now, the networking biggy has decided to form a Joint Venture (JV) namely the J Network Initiative, with its long-time distributor NISSHO ELECTRONICS.
NISSHO ELECTRONICS is a subsidiary of Sojitz Corporation, which operates in many industries, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Record Breaking ‘Cyber Week’ Sales

Posted: 08 Dec 2011 09:00 AM PST

12/08/11 According to research firm comScore Inc., shoppers spent nearly $6 billion online on Monday through Friday last week, a period known as ‘Cyber … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wikipedia Wants To Close The Gender Gap

Posted: 08 Dec 2011 02:00 PM PST

Roughly 9 out of 10 Wikipedia contributors are male. The Wikimedia Foundation consider that to be a problem, and wants to change … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Slows Down By Own Standards

Posted: 08 Dec 2011 01:50 PM PST

The march of the Chinese dragon is relentless. However, it is not immune to the economic morass of its major trading partners and is experiencing a slowdown in growth rate that is more rapid than anticipated. Consequently, the government is implementing economic and social confidence-boosting measures.
The achievements of the Middle Kingdom are impressive: the second largest economy, the biggest exporter, the most foreign reserves and rising per capita income. The Chinese currency may even … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Near-term Challenges Linger For HP

Posted: 08 Dec 2011 01:50 PM PST

HP Australia Pty. Ltd., the Australian arm of Hewlett Packard Company (NYSE:HPQ), recently announced a seven-year infrastructure and applications services agreement with a 172-year-old rural services and automotive company, Elders Australia Ltd.
Through this deal, Elder expects to deploy cloud technology to launch its enterprise technology refresh program, known as Project Connect, in a cost effective manner. By deploying enterprise cloud technology, Elders seeks to secure processing capacity and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Union Launches New SME Service

Posted: 08 Dec 2011 01:50 PM PST

Earlier this week, Western Union Co. (NYSE:WU), the world's largest money-transfer company, announced the launch of its new payment network "Western Union Small Business Payments." The network will facilitate nationwide payments for the small and medium enterprises (SMEs).
Western Union Small Business Payments is an online payment acceptance and accounts receivable service, offering payment processing, automated invoicing, recurring billing, customer management and reporting, in one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Follow Europe Lower; Dow Drops 1.63%

Posted: 08 Dec 2011 01:47 PM PST

Forexpros – bsp;Forexpros – U.S. stock markets tumbled on the session Thursday, as investors fled risk assets due to bearish comments by the European Central Bank President, Mario Daghi.

At sessions close, the Dow Jones Industrial Average plunged 1.63%, the S&P 500 index gave back 2.11%, while the Nasdaq Composite index sank 1.99%.

Shares ended a three day rally as the European Central Bank President; Mario Daghi quashed hopes of a bond buying program to help the euro zone debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smart Vs. Dumb

Posted: 08 Dec 2011 01:42 PM PST

The “smart money”
“American Economy Rebounding as Investor Favorite in Global Poll” (Bloomberg)
The U.S. receives its highest rating from international investors in more than two years on new optimism that the world's largest economy will weather the financial crisis in Europe and avoid a recession in 2012, according to a Bloomberg poll.
…
The U.S. "may not be in the best shape ever, but compared to others it should outperform," Alexis Laming, a poll respondent and associate director … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nat Gas Is King, Will Be No. 2 Fuel For Elec.by 2025

Posted: 08 Dec 2011 01:39 PM PST

From today’s WSJ article “Exxon Declares Gas is King”:

“Natural gas will replace coal as the leading fuel for generating electricity in the U.S. by 2025, when it will also become the world’s No. 2 overall fuel source thanks to its abundance and a drive for cleaner-burning energy, according to the latest long-term outlook from Exxon Mobil Corp.

Natural gas will overtake coal as the second-largest fuel source overall, ranking behind oil and powering everything from electrical plants to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Data On Sanofi’s Lyxumia

Posted: 08 Dec 2011 01:36 PM PST

Sanofi (NYSE:SNY) recently announced encouraging data on its phase III candidate Lyxumia (lixisenatide). Top-line results were presented from the phase III GetGoal Duo 1 study, which evaluated Lyxumia, an investigational GLP-1 agonist in combination with Lantus (insulin glargine), for type II diabetes uncontrolled on oral anti-diabetics (OADs) – mainly metformin.
Lyxumia in combination with Lantus met its primary efficacy endpoint. The GetGoal phase III trials are evaluating the effects of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Lower, Markets Hold Breathe Ahead Of EU Summit

Posted: 08 Dec 2011 08:30 AM PST

12/08/11 NYFP’s Closing Bell Report: The Big Board posted a big loss this session as EU summit speculation and ECB statements weighed down on US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SIRIUS XM Upgraded To Outperform

Posted: 08 Dec 2011 01:25 PM PST

SIRIUS XM Radio Inc.(NASDAQ:SIRI), the largest broadcast radio service provider in the U.S. and the second largest entertainment subscription service provider after Comcast Corp. (NASDAQ:CMCSA), declared excellent financial results for the third quarter of 2011. The company generated record high revenues, adjusted EBITDA and massive net subscriber additions. Management also reiterated its previously set target of net subscriber additions for fiscal 2011.
SIRIUS XM recently launched SIRIUS XM 2.0 product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin Resources Stays At Neutral

Posted: 08 Dec 2011 01:14 PM PST

We maintain our Neutral recommendation on Franklin Resources Inc. (NYSE:BEN) based on detailed analysis of fourth-quarter and fiscal 2011 results. The results came way below the Zacks Consensus Estimate and prior-quarter earnings. However, earnings outpaced the prior-year quarter's results.
In October, Franklin reported fiscal fourth-quarter 2011 earnings of $1.88 per share, below the Zacks Consensus Estimate of $1.99 per share. Results were negatively impacted by higher operating expenses and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EnCana Sells Cutbank Ridge Assets

Posted: 08 Dec 2011 01:14 PM PST

Canada's largest natural gas producer EnCana Corporation (NYSE:ECA) has agreed to sell two processing plants to Calgary-based Veresen Inc. This divesture will fetch Encana about C$920 million or $905.1 million.
Per the deal, EnCana will sell its 100% interest in two natural gas processing plants that serve the Cutbank Ridge area – the Steeprock unit in northeast British Columbia and the Hythe facility in northwest Alberta – and approximately 229.9 miles of associated gathering pipelines. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Plunge Hitting Two Week Low

Posted: 08 Dec 2011 12:53 PM PST

Forexpros – bsp;
Forexpros – Gold futures plunged the most in two weeks on European Central Bank President Mario Draghi’s comments that he does not plan on purchasing bonds to assist ailing euro zone economies.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1714.65 a troy ounce during late U.S. trade, dropping 1.74%.

It earlier fell to a low of USD1708.05 a troy ounce and hit a high of USD1746.25 during the session.

Gold futures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northrop LITENING Order Extended

Posted: 08 Dec 2011 12:50 PM PST

Northrop Grumman Corporation (NYSE:NOC) has received a four-year extension contract worth $8 million in support of the Laser Infrared Targeting and Navigating ("LITENING") Advanced Targeting (“AT”) system used on F/A-18 Hornet aircraft ("HTDS"). The contract has been awarded by Royal Australian Air Force ("RAAF") for its Target Designation System. As per the terms of the deal, Lockheed will provide in-service support for the targeting pods and data links through September 2015.
F/A-18 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harley To Close Australian Unit

Posted: 08 Dec 2011 12:50 PM PST

Harley-Davidson Inc. (NYSE:HOG) plans to close its cast motorcycle wheels and wheel hubs manufacturing operations in Adelaide, Australia, controlled by its subsidiary, New Castalloy. The motorcycle maker intends to source those components through other existing suppliers around the world.
Harley acquired New Castalloy in 2006 when the latter was on the verge of closing amidst the bankruptcy of its parent company. After that, the Adelaide-based facility started producing cast wheels for Harley … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SAP On The Cloud Bandwagon

Posted: 08 Dec 2011 12:30 PM PST

SAP AG's (NYSE:SAP) American subsidiary, SAP America, Inc. acquired SuccessFactors (NASDAQ:SFSF), a leading California-based provider of cloud-based human capital management solutions. SAP intends to acquire all outstanding shares of SuccessFactors, the enterprise value of which adds up to approximately $3.4 billion.
The deal is an all-cash transaction valued at $44.00 a share. SAP is paying a 52% premium for the shares of SuccessFactors. 
The acquisition is expected to bring SuccessFactors’ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TIN Shareholders Nod To IP Merger

Posted: 08 Dec 2011 12:20 PM PST

The International Paper (NYSE:IP) – Temple-Inland (NYSE:TIN) merger has been approved by more than 98% of Temple's shareholders. This clears a major hurdle in the creation of a company that would enjoy about 40% share of the North American corrugated packaging materials market. There is only one remaining hurdle – the receipt of the important regulatory approval.
The chase for Temple-Inland had begun in June with International Paper making a $3.3 billion or $30.60 per share offer, all in cash, to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Slows Down By Own Standards

Posted: 08 Dec 2011 12:10 PM PST

The march of the Chinese dragon is relentless. However, it is not immune to the economic morass of its major trading partners and is experiencing a slowdown in growth rate that is more rapid than anticipated. Consequently, the government is implementing economic and social confidence-boosting measures.
The achievements of the Middle Kingdom are impressive: the second largest economy, the biggest exporter, the most foreign reserves and rising per capita income. The Chinese currency may even … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Plunge On Draghi’s Words

Posted: 08 Dec 2011 12:10 PM PST

Forexpros – bsp;Forexpros – Crude oil futures hit a one week low on Thursday in response to a soaring U.S. dollar and ECB President’s Mario Draghi’s hesitation to increase bond purchases.

On the New York Mercantile Exchange, light, sweet crude futures for January delivery traded at USD98.34 a barrel during late session U.S. trade plunging 2.15%.

It fell from a session high of USD100.56 a barrel. Strength in the U.S. dollar worked to depress crude prices.

The dollar index, which tracks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Micromet Stays Neutral

Posted: 08 Dec 2011 12:05 PM PST

We have maintained a Neutral rating on Micromet, Inc. (NASDAQ:MITI) with a target price of $7.00 per share following appraisal of third quarter 2011 results.
Micromet's third quarter 2011 loss per share came in at 21 cents (after adjusting for the change in fair value of warrants), wider than the year-ago loss of 13 cents per share (also adjusting for the change in fair value of warrants). Lower-than-expected revenues led to the wider loss in the quarter. Revenues at Micromet were down almost 33% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

North Dakota Sets More Oil Production Records In October; On Pace To Surpass CA And AK By January

Posted: 08 Dec 2011 11:59 AM PST

North Dakota oil production has doubled in two years.

The “Economic Miracle State” of North Dakota pumped another record amount of oil during the month of October, producing more than 15 million total barrels in a single month for the first time ever, at a daily rate of 488,068 barrels (see chart above, data here). Compared to October of last year, oil production in North Dakota is up 42%, and production has more than doubled over the last two years, from 240,000 barrels per day in October of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Soars As Euro Zone Fears Deepen

Posted: 08 Dec 2011 11:26 AM PST

Forexpros – bsp;Forexpros – The U.S. dollar soared against its major counterparts on Thursday as the European Central Bank slashes interest rates to record lows and fails to commit to bond purchases.

During mid session U.S. trade, the greenback was sharply higher against the euro, with EUR/USD plunging 0.63% to hit 1.3329.

The single currency was crushed by the 25 basis point rate slash and ECB President Mario Draghi’s failure to signal support for the ailing euro zone economies.

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

Markets In Everything: Wine In Cans

Posted: 08 Dec 2011 10:40 AM PST

New York Times — “First, winemakers poured their vintages into bottles and corked them. Then they lost the corks and added screw tops. Then they lost the bottles and sold wine in boxes, next to beer and pretzels at supermarkets. And now, winemakers seeking some pop are canning wine.”

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

Daily FTSE Technical Update

Posted: 08 Dec 2011 05:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The lack of follow-through to the upside following last week's breakout rally and the inability to convince traders to buy strength led to a sharp decline in the FTSE 100 index on Thursday. The size of last week's rally may have also played a role in yesterday's decline as it looks like it may have been a case of "too much, too soon". Based on current levels of volatility, it is just too risky to play the long side of the market after last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, December 9, 2011

Posted: 08 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, December 9, 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
109.45
+ 0.10
109.26
109.14

Bullish

BND – Vanguard Total Bond Market ETF
83.60
+ 0.23
83.41
83.32

Bullish

DBC – DB Commodity Index Tracking Fd
27.19
− 1.27
27.52
27.49

Bearish

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

The Trend Trader For Forex Trading On Friday, December 9, 2011

Posted: 08 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, December 9, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0165
− 1.24
1.0243
1.0110

Neutral

EURUSD – Euro / US Dollar
1.3341
− 0.52
1.3385
1.3403

Bearish

GBPUSD – British Pound / US Dollar
1.5626
− 0.53
1.5650
1.5611

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0228
+ 1.35
1.0132
1.0240

Neutral

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

The Trend Trader For Futures Trading On Friday, December 9, 2011

Posted: 08 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, December 9, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1230.25
− 2.23
1247.56
1219.50

Neutral

Dow Jones – Mar YMH2
11944
− 1.66
12054
11773

Neutral

Nasdaq – Mar NQH2
2281.50
− 1.56
2310.89
2269.08

Neutral

Russell – Mar TFH2
718.90
− 3.28
736.06
715.07

Neutral

INTEREST RATES

US T-Bond – Mar ZBH2
142-19
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, December 9, 2011

Posted: 08 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, December 9, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.47
− 4.34
9.80
9.75

Bearish

AXP – American Express Company
47.81
− 2.75
48.51
47.58

Neutral

BA – Boeing Co
70.17
− 0.61
70.68
69.27

Neutral

BAC – Bank of America Corporation
5.59
− 5.09
5.77
5.52

Neutral

CAT – Caterpillar Inc
92.92
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US2000

Posted: 08 Dec 2011 04:03 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The US2000 index CFD broke through the Autochartist Key Levels support level, triggering the start of a potential break into the forecast price zone at 697.52 to 659.22. Traders should note that on the way up, the market accelerated through this same price level at 725.10 on the 60-minute chart. The lack of follow-through to the upside and the subsequent sideways action indicates a distributive pattern may have been taking place. This is a particularly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Corn

Posted: 08 Dec 2011 01:32 AM PST

By ForexMansion.com

By Jonah S. Ford
Grain futures bucked the trend of the broader commodities sector to close well off their session lows. Thursday's volatility and higher close comes ahead of Friday's monthly USDA crop report, which may prove supportive of the late-day rally. Corn futures appeared to be the strongest performer, breaking out from a longstanding Falling Wedge chart pattern identified by Autochartist.    

Corn has been plumbing the depths of recent contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China's Global Grab For Resources

Posted: 07 Dec 2011 10:00 PM PST

With such a grab for global resources in China, we are often asked if there are enough to go around and how prices are affected. These are precisely the questions that Daniel Gross and Aaron Task from Yahoo's Daily Ticker asked Evan Smith, co-portfolio manager of the Global Resources Fund (PSPFX).
Commodity prices tend to move in tandem with Chinese demand, says Evan. Over the past decade or so, he says the country routinely accounts for a third, a half or as much as 70 percent of all demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment