Thursday, December 29, 2011

DailyMarkets.com - Forex – USD/JPY Up During Asian Trade

DailyMarkets.com - Forex – USD/JPY Up During Asian Trade

Forex – USD/JPY Up During Asian Trade

Posted: 29 Dec 2011 04:35 PM PST

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

USD/JPY was trading at 77.66, up 0.03% at time of writing.

The pair was likely to find support at 77.57, Wednesday's low, and resistance at 78.09, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.2952 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swing Trade Idea, Volatility

Posted: 29 Dec 2011 04:34 PM PST

Today we see a pre New Year rally to keep 2011 in the green. The markets are trying to stay happy, but like a happy smiling child, the same happy child can swing to tears and screams at any moment.

Therefore why not play this volatility, the VIX is at 22, the last few months it averaged 32, thats a 50% move. Time to buy deep in the money calls on the VIX for 6 to 9 months into 2012. How can you lose !

Yahoo Tech Ticker: 20111230

See a VIX cycle chart here: Happy times in the markets, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 29 Dec 2011 04:10 PM PST

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

EUR/USD was trading at 1.2949, down 0.09% at time of writing.

The pair was likely to find support at 1.2858, Thursday's low, and resistance at 1.3083, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8402 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Wireless Announces Payment Fees

Posted: 29 Dec 2011 03:58 PM PST

12/29/11 Verizon Wireless will begin charging customers a “convenience fee” for some payment methods in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 29 Dec 2011 03:35 PM PST

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

NZD/USD was trading at 0.7712, up 0.01% at time of writing.

The pair was likely to find support at 0.7654, today's low, and resistance at 0.7782, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.04% to hit 1.3137 and EUR/NZD falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intrade Odds For 2-Term Obama Now Above 52%

Posted: 29 Dec 2011 03:28 PM PST

As the chances for the Republicans to produce a strong, unifying presidential candidate look less and less likely, and as the economy gradually improves, Obama’s chances for re-election keep getting better and better, according to Intrade odds (see graph above).  In October and early November, Obama’s re-election odds were less than 50-50, but are now slightly above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Positive Territory

Posted: 29 Dec 2011 03:24 PM PST

Cusick’s Corner
I have recently received some reader emails on the subject of the Financials, more specifically about the Banks, KBE. Big Banks continue to weigh on the sector but the Regionals, KRE, have been the leaders. This has me looking at names in this segment – like WBS, EWBC, and PNC. I point this out because I like to look at benchmarks, compare them to any outperforming indices or ETFs and then look up the best performing stocks within that segment. The data as of late has been a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

P&G Lobbying Costs Shoot Up

Posted: 29 Dec 2011 03:20 PM PST

Procter & Gamble Co. (NYSE:PG) reported that it has spent $996,497 during the third quarter 2011 on issues related to international trade, foreign relations, consumer safety, tax code and other issues. Lobbying charges increased 30% from the previous quarter of $765,000, while it shrunk 3% from the $1.03 million incurred in third quarter of 2010.
According to the filing with the House clerk’s office on October 20, P&G lobbied the Congress, the Consumer Product Safety Commission, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks To Watch For The Last Day Of 2011

Posted: 29 Dec 2011 03:20 PM PST

( click to enlarge )

XenoPort, Inc. (NASDAQ:XNPT) made a new low today but ended in the positive with strong volume. The stock looks oversold and could bounce starting tomorrow. Looking closely at the daily technical chart the MACD is showing a bullish divergence. This signifies that the prevailing trend is weak. If the prices fall to a new low but MACD traces a more shallow low, it would mean that bulls are ready to gain control, and this would identify strength at stock bottoms. In the above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quiet Trading Session Expected

Posted: 29 Dec 2011 03:20 PM PST

12/29/11 Friday marks the final trading session for 2011. A handful of EU data and developments from Spain’s cabinet meeting will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife To Sell Bank Deposits To GE

Posted: 29 Dec 2011 03:07 PM PST

In an attempt to bow out of its banking company status, on Tuesday MetLife Inc. (NYSE:MET) agreed to sell its bank deposits worth $7.5 billion to GE Capital  – the financial services unit of  General Electric Co. (NYSE:GE). The deal is expected to culminate by the end of the first half of 2012, subject to regulatory approvals.
As of September 30, 2011, MetLife Bank deposits stood at $10.7 billion. The insurer is also the seventh-largest US bank holding company with $785 billion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Wins $320M AESA Order

Posted: 29 Dec 2011 02:55 PM PST

Raytheon Company (NYSE:RTN) has received a $320 million order for its Active Electronically Scanned Array (AESA) radar program from domestic and international customers. The AESA radar also known as active phased array radar allows ships and aircraft to broadcast powerful radar signals while still remaining stealthy. Apart from Raytheon, Northrop Grumman Corporation (NYSE:NOC) also manufactures AESA radars. 
Raytheon is one of the best-positioned companies among the large-cap defense players … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Chairman For Autoliv

Posted: 29 Dec 2011 02:50 PM PST

The board of directors of Autoliv Inc. (NYSE:ALV) recently elected Mr. Lars Nyberg as the new chairman of the company's board. Currently, Mr. Nyberg is serving as the chairman of DataCard Corporation, a Minnesota-based company that deals with secure ID and card personalization for education, corporate security and many other markets.
Nyberg also holds the office of the President and Chief Executive Officer of TeliaSonera, one of the leading Nordic and Baltic telecommunications companies.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Uruguay Raises Rate 75bps To 8.75%

Posted: 29 Dec 2011 02:32 PM PST

The Banco Central del Uruguay increased its benchmark interest rate by 75 basis points to 8.75% from 8.00% previously.  The Bank said [translated]: “the inflation rate has accelerated and expectations remain that inflation will be well above the target range, emphasizing the perception that price stability is the main concern in the current macroeconomic context. In order to provide a fee structure consistent with contractionary monetary policy, the Central Bank of Uruguay deemed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Makes A Small Ticket Buy

Posted: 29 Dec 2011 02:30 PM PST

On Wednesday, ACE Group (NYSE:ACE) announced the purchase of Ecuador-based general insurance company, Guayas Compania de Seguros y Reaseguros. The acquisition will cost ACE $55 million.
ACE has had a high appetite for mergers and acquisition since the past couple of years. In 2010, the company acquired the majority of ProClaim America shares, to form a new business unit named ESIS ProClaim. The company also acquired Rain and Hail Insurance Service Inc.
In early 2011, ACE Group acquired New York … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morgan Stanley To Axe Jobs In NY

Posted: 29 Dec 2011 02:20 PM PST

According to a state filing, Morgan Stanley (NYSE:MS) intends to lay off 580 workers in New York State due to economic reasons. The company started trimming its workforce since the middle of December on a rolling basis, abide by the Worker Adjustment and Retraining Notification (WARN).
The State Department of Labor made The New York State Workers Adjustment and Retraining Notification Act, also known as the WARN Act, effective on February 1, 2009. Under the provisions of the law, New York-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Plans 21 Idle Weeks In 2012

Posted: 29 Dec 2011 02:05 PM PST

General Motors Co. (NYSE:GM) announced that it will idle 21 weeks at three of its pickup truck plants in the U.S. in 2012 for upgrades and renovations as the automaker is preparing to assemble next generation trucks, which will be introduced in 2013.
The plant idling schedule includes suspension of production for 9 weeks at GM's Fort Wayne assembly plant in Roanoke, Indiana from January to October; 7 weeks at Flint, Michigan plant from June to November; and 5 weeks at Arlington, Texas plant from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazing Amazon As Kindle Helps Set Holiday Sales Record

Posted: 29 Dec 2011 09:00 AM PST

12/29/11 Amazon sold more than 1 million Kindles per week in December and millions of Kindle Fires during the holiday shopping season, setting sales records for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taubman Centers Acquires Assets

Posted: 29 Dec 2011 01:50 PM PST

Taubman Centers, Inc. (NYSE:TCO) recently announced that it has acquired The Mall at Green Hills, The Gardens on El Paseo and El Paseo Village. The company acquired these properties from Davis Street Properties for a total consideration of $560.0 million.  
The consideration consists of the assumption of $206 million in debt, $281 million in installment notes and the remaining 1.3 million partnership units related to The Taubman Realty Group Limited Partnership.
The Mall at Green Hills is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buzzing Again

Posted: 29 Dec 2011 01:41 PM PST

In “Too Much Kool-Aid in the Eggnog,” I wrote: “as is typical this time of year, optimism is on the upswing, and many commentators have convinced themselves that the next 12 months will be better than the last.” I then highlighted three reports from America’s front lines that suggested otherwise.
As it happens, the following chart seems to confirm that a jump in buzz about better times ahead has become something of a seasonal trend — which doesn’t necessarily comport with the reality on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DOW To Claim $2.5B In Damages

Posted: 29 Dec 2011 01:40 PM PST

The Dow Chemical Company (NYSE:DOW) is expected to claim $2.5 billion in compensation for a scrapped joint venture in Kuwait. However, the compensation is subject to the verdict of the court, which is currently reviewing whether the Gulf state has breached the contract or not
On December 1, 2008, Dow Chemical and Petrochemical Industries Company, a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), signed a $17.4 billion Joint Venture Formation Agreement regarding the formation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Close Higher On Bullish Data; Dow Up 1.12%

Posted: 29 Dec 2011 01:22 PM PST

Forexpros – U.S. shares regained their uptrend on bullish housing and labor market data indicating a disconnect from European woes.

At the close of U.S. trade, the Dow Jones Industrial Average gained 1.12%, the S&P 500 advanced 1.02% and the Nasdaq Composite index grew by 0.92%.

Stocks gained ground as pre owned home sales soared greater than forecast in November, in addition to fewer Americans filing for unemployment benefits than in the last 3 years.

Italian borrowing costs declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Wireless Growth Story

Posted: 29 Dec 2011 01:20 PM PST

Despite the sluggish economy and stiff competition, U.S. telecom service providers are delivering consistent growth. These companies are innovating products and services as well as enhancing the existing ones to grow market share.
Telecom operators provide Voice Telephony, Data, Internet, Cable and Satellite Television services through either wireless or wireline networks. Future growth of the telecom industry depends on the wireless segment as subscribers are discontinuing landlines and moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

2011: Stormy For Insurers?

Posted: 29 Dec 2011 01:10 PM PST

Natural catastrophe losses experienced in 2011 are expected to be the highest for the U.S. insurance industry since 2005. For nine months ended September 2011, U.S. insurers' losses from catastrophes totaled more than $29 billion, as primary insurers suffered record breaking losses from inland thunderstorm, tornadoes, floods and Hurricane Irene. 
According to the data provided by Insurance Information Institute, catastrophe losses totaled $14.1 billion in 2010 and $10.5 billion in 2009. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ten Things Our Kids Will Never Worry About

Posted: 29 Dec 2011 01:01 PM PST

……thanks to the Information Revolution. Examples include taking a typing class, paying bills by check, and buying expensive encyclopedias, read more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Light Volume Sees Stocks Soar

Posted: 29 Dec 2011 08:00 AM PST

12/29/11 US stocks continued to climb Thursday as the euro reversed an earlier drop against the dollar while volume remained thin in holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Facts About The Khan Academy

Posted: 29 Dec 2011 12:57 PM PST

1. Over the last month (November), Khan Academy had 4 million unique visits. That's up from 1 million in the same period last year, and up from 3.5 million in October.

2. The Khan Academy team is currently made up of 22 people, and they're hiring one more each month on average. 

3. 90% of the videos are shot in one take. 99% are 2 takes.

4. There are now 2,600 individual videos available. 

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

WDC Secures Hitachi Buyout Nod

Posted: 29 Dec 2011 12:55 PM PST

U.S.-based disk drive producer Western Digital Corporation (NYSE:WDC) recently announced that the Fair Trade Commission of Japan has cleared Western Digital's application for acquiring Hitachi Ltd.'s (NYSE:HIT) hard disk drive unit.
However, in order to acquire Hitachi's hard disk drive assets, WDC has to divest some of its existing assets. As per the recent agreement, the company has agreed to sell about 10.0% of its total units, which produces 3.5 inch hard disk drives for personal computers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Terreno Realty Leases In Florida

Posted: 29 Dec 2011 12:50 PM PST

Terreno Realty Corporation (NYSE:TCO) recently announced that it has leased approximately 166,000 square feet of space at its industrial building in Miami Lakes, Florida. The lease includes an option of extending it for an additional 24,000 square feet within 13 months. As of December 31, 2011 the facility is expected to be approximately 94% leased.
Presently, Terreno Realty is in the process of renovating the building. The major changes in the existing manufacturing facility include new loading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Advance Despite Inventory Increase

Posted: 29 Dec 2011 12:38 PM PST

Forexpros – Crude oil futures advanced slightly in light holiday trade despite U.S. supply increasing and Iranian fears easing.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD99.66 a barrel during late U.S. trade, advancing 0.30%.

It earlier hit a daily high of USD99.91 a barrel.

Early strength in the U.S. dollar initially suppressed prices prior to the dollar’s pullback later in the session.

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

Medicis Cuts Fourth Quarter View

Posted: 29 Dec 2011 12:35 PM PST

Medicis (NYSE:MRX) recently updated its fourth quarter 2011 outlook. The company said that it expects higher sales reserves for the fourth quarter which will impact revenues by about $17 million and adjusted earnings by 17 cents.
Higher Sales Reserves to Impact Results
The company has been working on reducing its exposure to managed care restrictions for acne treatment, Solodyn, and other products. In order to achieve this, Medicis has been signing new, multi-year contracts with targeted managed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunPower Remains Neutral

Posted: 29 Dec 2011 12:25 PM PST

We are maintaining our Neutral recommendation on vertically integrated solar Photovoltaic player SunPower Corporation (NASDAQ:SPWR) . We feel over the longer run the company offers growth prospects due to its diversified channel strategy with a strong presence in the residential and commercial market, along with its status as a conversion efficiency leader. The company also has a steadfast focus on spreading its revenue stream by climbing the solar value chain.
SunPower Corporation designs, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economic Reports: Signs Of Ongoing Recovery

Posted: 29 Dec 2011 11:42 AM PST

1. Rail traffic for the week ending December 24 showed strong gains, with carloads up by 11.9% and intermodal volume up by 22.9% compared to the same week last year.  On a year-to-date (YTD) basis for 51 weeks in 2011, carloads are above last year’s count by 2.2% and intermodal volume is 5.5% ahead of the 2010 level.  Some of the leading weekly and YTD gains in carload volume have been for lumber (30.1% weekly and 8.8% YTD), motor vehicles (23.2% and 9.7%) and petroleum products … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Surges Then Retreats On Italian Bond Auction

Posted: 29 Dec 2011 11:21 AM PST

Forexpros – The U.S. dollar surged on Thursday after the long term Italian bond auction missed targets, prior to falling back against the euro.

During late session U.S. trade, the greenback was slightly higher against the euro, with EUR/USD off by 0.16%.

The single currency was hit by a multitude of bearish factors including a disappointing Italian bond auction and European Central Bank woes.

Italy’s Treasury long term bond auction came in at just under 7% missing the target and triggering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, December 30, 2011

Posted: 29 Dec 2011 04:33 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, December 30, 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
110.39
+ 0.24
110.08
109.81

Bullish

BND – Vanguard Total Bond Market ETF
83.48
+ 0.08
83.27
83.50

Neutral

DBC – DB Commodity Index Tracking Fd
26.88
+ 0.30
26.91
26.66

Neutral

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 30, 2011

Posted: 29 Dec 2011 04:33 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, December 30, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0135
+ 0.42
1.0129
1.0081

Bullish

EURUSD – Euro / US Dollar
1.2959
+ 0.15
1.2990
1.3075

Bearish

GBPUSD – British Pound / US Dollar
1.5413
− 0.28
1.5532
1.5607

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0200
− 0.43
1.0207
1.0264

Bearish

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 30, 2011

Posted: 29 Dec 2011 04:33 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, December 30, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1257.50
+ 1.04
1254.67
1238.83

Bullish

Dow Jones – Mar YMH2
12217
+ 1.13
12177
12036

Bullish

Nasdaq – Mar NQH2
2277.25
+ 0.79
2275.44
2258.00

Bullish

Russell – Mar TFH2
741.60
+ 1.02
741.36
731.30

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
144-16
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, December 30, 2011

Posted: 29 Dec 2011 04:33 AM PST

By ForexMansion.com

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

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.63
+ 1.29
8.68
8.78

Bearish

AXP – American Express Company
47.52
+ 1.17
47.46
47.44

Bullish

BA – Boeing Co
74.11
+ 1.16
73.87
72.87

Bullish

BAC – Bank of America Corporation
5.46
+ 3.41
5.42
5.38

Bullish

CAT – Caterpillar Inc
90.58
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Market On The Low – Europe Debt Woes Act As The Dampener

Posted: 29 Dec 2011 01:28 AM PST

By ForexMansion.com
The increasing concerns over Europe's debt woes are having a negative effect on the global growth. As a result, even the gold prices have started to experience a backward growth. According to the Managing Director of the International Monetary Fund, Christine Lagarde, the global financial growth is facing problems due to constant financial problems in Europe. As per recent reports, gold value has taken a tumble of about 8.8 percent this month (December, 2011). This is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldmarket On The Low – Europe Debt Woes Act As The Dampener

Posted: 29 Dec 2011 01:26 AM PST

By ForexMansion.com
The increasing concerns over Europe's debt woes are having a negative effect on the global growth. As a result, even the gold prices have started to experience a backward growth. According to the Managing Director of the International Monetary Fund, Christine Lagarde, the global financial growth is facing problems due to constant financial problems in Europe. As per recent reports, gold value has taken a tumble of about 8.8 percent this month (December, 2011). This is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hirsch’s Weather Vane For Markets

Posted: 28 Dec 2011 10:00 PM PST

"As the S&P 500 goes in January, so goes the year"
—The Stock Trader's Almanac 2011

Whereas the "January Effect" I wrote about a few weeks ago provides precedence of small caps outperforming larger counterparts during the last two weeks of December, the quote above succinctly describes another annual effect among stocks.
Using annual figures going back to 1950, the "January Barometer" says the performance of the S&P 500 Index in the first month of the year dictates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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