Friday, December 30, 2011

DailyMarkets.com - Quick Charting Google GOOG Into New Highs

DailyMarkets.com - Quick Charting Google GOOG Into New Highs


Quick Charting Google GOOG Into New Highs

Posted: 30 Dec 2011 04:52 PM PST

Will history repeat or will this time be different?
That's the famous question we're all asking right now as Google shares break to new multi-year recovery highs not seen since late 2007.
Let's peek at the Weekly chart, note the key level to watch, and then compare that with what's happening right now on the Daily Chart.

Cutting through all the clutter, the $630 to $640 price level served as formidable resistance after peaking there in early 2010.
Each time price reached the $630 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


2012 The Year Of The Mighty US Dollar

Posted: 30 Dec 2011 04:42 PM PST

Blog readers are very knowledgeable about the powerful Hurst cycle within the US dollar. This blog has been blowing the US dollar bull trumpet for a good six months. The last two months of 2011 has seen short covering of the US dollar on the back of a weak euro. However there a many out there that do not believe the US dollar will gain strength. Please consider this.

USA QE3 not a done deal in early 2012, consider
- It is an election year, and Obama not a sure thing. Bernanke will not act … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The New Age Of America’s Energy Abundance: The No. 1 U.S. Export This Year Will Be Petroleum

Posted: 30 Dec 2011 03:29 PM PST

Top 15 U.S. Exports, January-November 2011

Rank
 
Export Category
 Jan.-Nov. 2011 (millions)  

1
Petroleum products
$87,543

2
Pharmaceutical preparations
$37,547

3
Industrial machines, other
$37,456

4
Semiconductors
$36,898

5
Chemicals-organic
$32,514

6
Plastic materials
$30,219

7
Telecommunications equipment
$29,885

8
Electric apparatus
$29,147

9
Nonmonetary gold
$27,821

10
Civilian aircraft
$27,179

11
Medicinal equipment
$26,591

12
Computer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Fall In Light Holiday Trading; Dow Down 0.59%

Posted: 30 Dec 2011 02:32 PM PST

Forexpros – U.S. stocks finished lower Friday and pretty much where they started 2011, as investors blew off the year and stayed largely on the sidelines, making plans for 2012.

The Dow Jones Industrial Average closed down 0.59%, while the S&P 500 index was off 0.43% and the Nasdaq Composite index lost 0.32% on Friday.

In Europe, yields on Italian debt continue sky high at over 7%, fueling fears the European debt crisis is far from over.

In 2012, Italy will go to the bond market to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ford’s Turkish Partner Invests $3.4Bn

Posted: 30 Dec 2011 02:25 PM PST

Koc Holding AS, the joint venture partner of Ford Motor Co. (NYSE:F) in Kocaeli, Turkey, announced that it will invest 6.5 billion liras ($3.4 billion) in 2012.
The investment will be focused both on Ford's joint venture, Otomotiv Sanayi AS (Ford Otosan), and Tupras Turkiye Petrol Rafinerileri AS, the country's sole crude oil supply and refining company.
Ford Otosan started production in 1965, with each company holding a 41% share in the venture. It operates four facilities in Turkey, two in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Thanks, Again

Posted: 30 Dec 2011 02:11 PM PST

Five years and 7.3 million pageviews after I published the first of more than 2,000 posts at Financial Armageddon, “‘The Stability of the World Financial System May Be More Apparent than Real’” (what an understatement!), I just wanted to thank you, my readers, along with those many individuals who have been kind enough to recommend my site (the latest example can be found here), send traffic my way, buy my books, and otherwise support my efforts through thick and thin.
That said, while I hope … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Thai Floods Impact Opnext

Posted: 30 Dec 2011 02:05 PM PST

Opnext, Inc. (NASDAQ:OPXT) recently stated that production at the Chokchai campus of Fabrinet (Opnext's primary contract manufacturer) remains suspended following the floods in Thailand in October.
Fabrinet has stated that it is unlikely production at Chokchai will resume. As a result, Opnext has relocated limited production capacity to its manufacturing facilities in Totsuka, Japan and Fremont, California.
Additionally, Opnext plans to divert a portion of the 10Gbps module production capacity, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Fall In Final Session Of 2011

Posted: 30 Dec 2011 02:00 PM PST

12/30/11 NYFP’s Closing Bell Report: The Big Board closed 2011 in the red as light trading volume and Europen debt concerns saw stocks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


United Strikes Deal With IBT

Posted: 30 Dec 2011 01:50 PM PST

After a long battle between United Continental Holdings (UAL) and International Brotherhood of Teamsters (IBT), both parties have now struck a new labor deal. 
Recently, United Airlines, a wholly owned subsidiary of United Continental, reported that a new labor contract was approved by 5,500 airplane mechanics represented by IBT. The agreement deals with factors like compensation benefits and work rules, including an $11,500 bonus and recovery of items that were lost when United went … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Drops As Yen Plays Safe Haven Role

Posted: 30 Dec 2011 01:48 PM PST

Forexpros – The dollar weakened against the yen on Friday as investors snapped up positions in the Japanese currency on sentiment it will play a greater safe-haven role in 2012.

USD/JPY hit 76.92, down 0.93% and up from a session low of 76.90 and off from a high of 77.74

The pair was likely to seek support at 76.90, Friday’s low, and resistance at 78.04, Wednesday’s high.

While the dollar has regained its role as a safe haven currency over the past few months, the yen has played a similar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Anadarko Gets More From 2008 Sale

Posted: 30 Dec 2011 01:35 PM PST

Independent oil and gas producer Anadarko Petroleum Corporation (NYSE:APC) received $419 million from Statoil Brasil Óleo e Gás Ltda, in relation to the sale of a 50% interest in the Peregrino oil field located in Campos Basin offshore Brazil.
In 2008, Anadarko agreed to sell its 50% interest for $1.4 billion and added an agreement for an additional payment based on commodity prices. This $419 million payment fulfills the covenant. The payment came in as a New Year surprise for the company, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


A Widespread Loss Of Faith

Posted: 30 Dec 2011 01:21 PM PST

In “Americans' Confidence in Its Leaders Hits New Low,” Bill George details the (largely unsurprising) results of a new poll:
The 2011 National Leadership Index indicates that Americans' confidence in its leaders has hit new low points: the overall index has fallen from 101.4 in 2005 to 89.4 in this month's survey, even below the 2008 level in the midst of the financial meltdown. (100 is the normative level of confidence.)
The index is highly reliable as it is based on interviews of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EQR Throws Hat In Archstone Legal War

Posted: 30 Dec 2011 01:20 PM PST

In order to safeguard its own interests in federal court, Equity Residential (NYSE:EQR), a multifamily real estate investment trust (REIT), recently filed a motion to “intervene as a party in interest" in the legal proceedings for acquiring a stake in rival company Archstone – one of the largest investors, developers and operators of apartment communities in the U.S.
Archstone is presently owned by a consortium of financial institutions that include Bank of America Corporation (NYSE:BAC), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: 2011 Roller Coaster Ends

Posted: 30 Dec 2011 01:19 PM PST

Cusick’s Corner 12-30-2011
2011 was quite the roller coaster and looks like some early trends could be emerging for 2012. Happy New Year — see you in 2012!
Stock market averages are underwater and trading is slowing late-Friday. With no economic data to guide the morning action, trading had turned mixed in eventful action through midday. Gold was in the spotlight after rebounding from six days of losses. The yellow metal added $25 to $1576 an ounce. Beyond that, and some end-of-year window … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Weakens In Light, Listless Trading

Posted: 30 Dec 2011 01:12 PM PST

Forexpros – The dollar was weaker to mixed against most of the world’s major currencies on Friday, the last day of trading for 2011, as no steering current in particular gathered enough strength to push exchange rates in one particular direction.

The greenback on Friday was up against the euro, with EUR/USD shedding 0.15% to hit 1.2942.

In Europe, the debt crisis showed no signs of relenting, with Italian yields spiking past 7 percent, which investors found disconcerting when considering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Bancorp Reaffirmed At Neutral

Posted: 30 Dec 2011 01:05 PM PST

We are reiterating our Neutral recommendation on U.S. Bancorp (NYSE:USB) stock.
U.S. Bancorp's third-quarter 2011 earnings of 64 cents were slightly ahead of the Zacks Consensus Estimate of 61 cents, reflecting an improvement in credit metrics given a decline in provision for credit losses coupled with modest revenue growth. However, these positives were partially offset by an increase in non-interest expenses and taxes.
U.S. Bancorp remains one of the most profitable large-cap banks in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Coach Walks The Tightrope

Posted: 30 Dec 2011 12:50 PM PST

Being a leading American marketer of fine accessories and gifts, Coach Inc. (NYSE:COH) boasts a proven strategy of investing in stores to enhance sales productivity through product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model. This strategy should drive comparable-store sales and operating margins in the long term.
Management remains confident of sustaining a double-digit growth momentum in both the top and bottom lines, after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cooper Maintained At Neutral

Posted: 30 Dec 2011 12:40 PM PST

We recently maintained our Neutral recommendation on Cooper Industries Plc (NYSE:CBE).
Incorporated in Ireland and headquartered in Houston, Texas, Cooper Industries plc is a diversified manufacturer, marketer, and distributor of electrical products, tools, and hardware. General industrial manufacturers, such as those in the aerospace and automobile industries, are the main users of Cooper's power tools and assembly systems. Its brands include Buss, Edison, Crouse Hinds, Weller, DGD, Buckeye, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Monetary Policy Week In Review – 31 Dec 2011

Posted: 30 Dec 2011 12:33 PM PST

The past week in monetary policy saw just three central banks meeting to review monetary policy settings.  Israel held its interest rate at 2.75%, and Taiwan held its interest rate at 1.875% during its quarterly interest rate review, while Uruguay bucked the trend, lifting its interest rate 75 basis points to 8.75% as inflation proved the greater risk.

Following are some of the key quotes from the central banks that reviewed monetary policy settings:

Uruguay (increased rate 75bps to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alnylam States Preclinical Data

Posted: 30 Dec 2011 12:20 PM PST

Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) recently announced pre-clinical data from a trial evaluating its pipeline candidate ALN-HTT for the treatment of Huntington’s disease (HD). ALN-HTT is a novel therapeutic product that uses the potentially revolutionary RNA (ribo nucleic acid) interference (RNAi) technology. The data showed broad central nervous system (CNS) distribution and robust therapeutic silencing of the gene responsible for Huntington’s disease. Further, ALN-HTT was well tolerated in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


JA Solar In German Supply Contract

Posted: 30 Dec 2011 12:10 PM PST

Leading manufacturer of high-performance solar power products, JA Solar Holdings Co. Ltd (NASDAQ:JASO) announced that it would supply solar modules to Solarhybrid AG. Solarhybrid AG is a Germany-based project developer and general contractor for turn-key utility-scale solar power projects.
Per the contract JA Solar would supply 19 MW of solar modules to Solarhybrid’s Allstedt I solar power plant in Halle, Germany. JA Solar is the exclusive solar module supplier to the project. Located on a former … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures Shoot Up Amid Bargain Buying

Posted: 30 Dec 2011 11:06 AM PST

Forexpros – Gold shot upwards Friday in a rally fueled by demand from bottom-fishing investors who viewed the precious metal as somewhat oversold.

A weaker dollar helped also, as the two assets often trade inversely from one another.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1568.75 a troy ounce, up 1.81%

The yellow metal earlier hit a high of USD1582.65 and a low of 1546.25.

Gold futures were likely test support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Valdes: “EU Uncertainty…will Be Here Next Year”

Posted: 30 Dec 2011 11:00 AM PST

12/30/11 DME Securities’ Alan Valdes provides his 2012 outlook for equities and commodities, and weighs in on key market- driving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Tuesday, January 3, 2012

Posted: 30 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, January 3, 2012

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
110.25
− 0.13
110.26
110.19

Neutral

BND – Vanguard Total Bond Market ETF
83.54
+ 0.07
83.43
83.36

Bullish

DBC – DB Commodity Index Tracking Fd
26.84
− 0.15
26.84
26.89

Neutral

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


The Trend Trader For Stock Trading On Tuesday, January 3, 2012

Posted: 30 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, January 3, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.65
+ 0.23
8.61
8.70

Neutral

AXP – American Express Company
47.17
− 0.74
47.30
47.39

Bearish

BA – Boeing Co
73.35
− 1.03
73.70
73.66

Bearish

BAC – Bank of America Corporation
5.56
+ 1.83
5.42
5.47

Bullish

CAT – Caterpillar Inc
90.60
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Tuesday, January 3, 2012

Posted: 30 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, January 3, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0209
+ 0.73
1.0144
1.0174

Bullish

EURUSD – Euro / US Dollar
1.2942
− 0.13
1.2951
1.2961

Bearish

GBPUSD – British Pound / US Dollar
1.5531
+ 0.77
1.5482
1.5528

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0203
+ 0.03
1.0208
1.0199

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 Tuesday, January 3, 2012

Posted: 30 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, January 3, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1252.50
− 0.40
1252.83
1253.33

Bearish

Dow Jones – Mar YMH2
12150
− 0.55
12162
12159

Bearish

Nasdaq – Mar NQH2
2274.50
− 0.12
2272.47
2274.92

Neutral

Russell – Mar TFH2
738.80
− 0.38
739.28
740.40

Bearish

INTEREST RATES

US T-Bond – Mar ZBH2
144-26
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Is The Gold Super Cycle Still Intact?

Posted: 29 Dec 2011 10:00 PM PST

I appeared on Fox Business recently to discuss the recent pullback in gold. Since soaring to a record high $1,900 an ounce, gold has declined more than 15 percent, prompting naysayers to declare an end to the gold secular bull market. Host Charles Payne asked me if the yellow metal could fall to $1,400 or even $1,300 an ounce.
As I explained to Charles, gold's bull market is still on course with plenty of room for growth. I consider it a non-event for gold to drop 15 percent. This type of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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