Monday, January 23, 2012

DailyMarkets.com - Forex Trading: USD/CNH Testing Resistance From 200 Hour Moving Average

DailyMarkets.com - Forex Trading: USD/CNH Testing Resistance From 200 Hour Moving Average

Forex Trading: USD/CNH Testing Resistance From 200 Hour Moving Average

Posted: 23 Jan 2012 05:18 PM PST

The Hong Kong Monetary Authority added CNH denominated government bonds to it's list of products it requires banks to hold deposits in. Analysts are saying it appears that policy makers are sending signals that they want to grow the CNH market.
From an hourly perspective, the pair is testing resistance from the 200 hour moving average. If it holds, we look lower to possible support at 6.29676; 6.30620 to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Support @ 1.30043

Posted: 23 Jan 2012 04:18 PM PST

In recent trading the pair has found support at 1.30043. Currently the bullish target is 1.30516; if there is a break lower through support the 38.2% line becomes the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tablet, E-reader Ownership Soars

Posted: 23 Jan 2012 03:50 PM PST

01/23/12 The number of Americans who own tablet devices or e-readers nearly doubled over the holiday season. The Pew Research Center report showed that nearly a third of the population owns either a tablet or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Top Trade Ideas For Tuesday Jan 24th

Posted: 23 Jan 2012 03:24 PM PST

 ( click to enlarge )

BroadVision, Inc. (BVSN) – This stock is up some 300% off its lows and showing no signs of stopping. It’s overextended to the upside and signficantly overbought, so we cannot rule out a pull back but at the same time it can remain overbought until it wants to come down. Stay tuned.

 ( click to enlarge )

Youku Inc (YOKU) continued to show strength with another gain on decent volume. The technical chart looks very bullish with a short-term target of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bulls Holding

Posted: 23 Jan 2012 03:22 PM PST

Cusick’s Corner 01-23-2012
The choppy trade continued and the bid did firm into the close. The market had leadership from Tech, XLK/QQQ while the Financials, XLF, were the buoys. We did see Energies, XLE, and Commodities, JJG, pick up as well when Dollar weakness, UUP, continued through the day. Because of today’s mixed trading and apparently bullish tide, along with low to moderate volatility landscape — bullish at-the-money debit call spreads could be the strategy of choice. With Feb the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Blue Chips Earnings, FOMC Meeting Begins

Posted: 23 Jan 2012 03:20 PM PST

01/23/12 The two-day FOMC meeting kicks off on Tuesday. Several Dow components will report quarterly earnings, including Dupont, Johnson & Johnson, McDonald’s, Travelers and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC Communication Gets Curiouser And Curiouser

Posted: 23 Jan 2012 03:07 PM PST

In my last post on the subject, I referred to the FOMC's orgy of transparency. It looks like it's going to be worse than I originally thought. Not only are they going to publish the Fed Funds forecasts of individual members; they apparently plan to do that but not put names with the forecasts. The new sport will probably be for some members to try to "out" themselves in their speeches. Later on some will probably try to hide in the closet.
My point here is that, while I think this is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DuPont

Posted: 23 Jan 2012 02:59 PM PST

E. I. Du Pont de Nemours and Company (NYSE:DD) is scheduled to report its fourth quarter and full-year 2011 results before the market opens on Tuesday, January 24. The Zacks Consensus Estimate for the quarter is 33 cents per share, representing a year-over-year decrease of 33.38%.
With respect to earnings surprises, the company outdid the Zacks Consensus Estimate in the trailing four quarters. This is reflected in the average earnings surprise of 23.36%, with positive surprises in all the four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Rebound Ends As New Week Begins

Posted: 23 Jan 2012 09:45 AM PST

01/23/12 NYFP’s Closing Bell Report: US stocks struggled to hold onto gains this afternoon as Greek debt restructuring hopes, a rally in the euro, and a surge in oil prices kept investors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wal-Mart Conducts Video Contest

Posted: 23 Jan 2012 02:35 PM PST

Wal-Mart Stores, Inc. (NYSE:WMT), with a view to strengthening its online business, has gone a step ahead with the announcement of the launch of 'Get on the Shelf,' a kind of video contest where the winner can sell its product directly on Walmart.com and at Wal-Mart stores.
Akin to television shows like American Idol, Wal-Mart has started this 'Get on the Shelf' initiative, where the company owners will not be obliged to face the buying regulations and can get a chance to launch their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: 3M Company

Posted: 23 Jan 2012 02:30 PM PST

3M Company Inc. (NYSE:MMM) is slated to release its fourth-quarter 2011 earnings result on Thursday, January 26, 2011. The current Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is $1.31, representing an annualized growth of 3.15%. For full-year 2011, the Zacks Consensus Estimate is $5.93, representing an annualized growth of 3.18%.
3M's earnings were below the Zacks Consensus Estimate in the last quarter while the number was in line with the estimate in the second quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jamba In Expansion Mode

Posted: 23 Jan 2012 02:20 PM PST

Jamba Inc. (NASDAQ:JMBA), a highly recognized healthy, active lifestyle brand, recently announced the opening of a new franchised store in the Minneapolis area. The newly opened store marked the company's eighth in the city.
The Emeryville, California-based company stated that the new store has been opened on Level 3 of the Mall of America in Bloomington. The Mall of America is the second largest mall in North America and offers a full range of retail, restaurant and entertainment for its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Crown Castle

Posted: 23 Jan 2012 02:00 PM PST

Crown Castle International Inc. (NYSE:CCI) is slated to release its fourth quarter 2011 results on Wednesday, January 25, after the closing bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 17 cents, representing an annualized growth of 39.58%.
With respect to earnings surprise over the trailing four quarters, Crown Castle has outperformed the Zacks Consensus Estimate in three of the last four quarters. The average earnings surprise was a positive 31.88%, implying that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

1,000-Lesion Data Looks Positive

Posted: 23 Jan 2012 01:51 PM PST

1,000-Lesion Data Looks Positive
Brian Marckx, CFA
Verisante (VRS.V, V.VRS, VRSEF) continues to pump out a regular stream of meaningful news, reflecting progress being made in moving Aura closer towards commercialization and management’s efforts in publicizing the virtues of their technology.  

The highlight of the highlights was this past weekend’s presentation of the 1,000-lesion study data………

RECENT HIGHLIGHTS

1,000-Lesion Study Presentation:  The eagerly anticipated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota Retrenches In Australia

Posted: 23 Jan 2012 01:51 PM PST

Toyota Motor Corp. (NYSE:TM) announced that it will downsize its Australian workforce in order to cope up with the falling production level, strong Australian dollar and global economic uncertainty. The automaker will cut 350 jobs out of 4,700 people it employs in the country.
Toyota's production level in Australia plunged 36% in 4 years from 149,000 vehicles in 2007 to an expected 95,000 vehicles in 2012. Apart from Toyota, the Australian automotive industry comprises Ford Motor's (NYSE:F) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AT&T

Posted: 23 Jan 2012 01:36 PM PST

The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) is slated to release its fourth quarter and fiscal 2011 earnings on January 26, before the opening bell. The current Zacks Consensus Estimates for the fourth quarter and fiscal 2011 are 45 cents and $2.24, respectively, representing substantial year-over-year decline of 18.62% and 2.15%.
Looking at surprises, AT&T had average positive surprise of 1.77% in the past four quarters.
The company did not release any financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hudson City Stays Neutral

Posted: 23 Jan 2012 01:30 PM PST

We have recently reiterated our Neutral recommendation on Hudson City Bancorp Inc. (NASDAQ:HCBK). The decision follows our detailed analysis of the company's fundamentals in light of the current economic environment and the recent strategic efforts to offload debt.
Hudson  City's  third-quarter  2011  operating  earnings  came  in  at  17 cents  per  share,  missing  the  Zacks Consensus Estimate of 18 cents as well as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bakken Oil Is Having Major Impact On Western ND

Posted: 23 Jan 2012 01:10 PM PST

From Fargo ND radio station KFGO:

A meeting was held of the North Dakota Sheriffs & Deputies Association in Bismarck, and as part of this meeting we had an opportunity to sit down with law enforcement officials from western ND to discuss what they are going through with the oil impact.  Here are some oil issues from western North Dakota.  

MP: There are 35 in total, these are my “Top 12″ issues facing a community where the economy is booming, the jobless rate is less than 1%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive Brokers Beats Again

Posted: 23 Jan 2012 01:08 PM PST

Interactive Brokers Group, Inc.'s (NASDAQ:IBKR) fourth quarter 2011 earnings per share came in at 30 cents, substantially ahead of the Zacks Consensus Estimate of 23 cents. This also compared favorably with a loss of 67 cents in the year-ago quarter. During third quarter, the company earned twice the Zacks Consensus Estimate.
Including the effect of changes in the U.S. dollar value of Interactive's non-U.S. subsidiaries, the company reported earnings of 27 cents compared with a loss of 56 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lowe’s Balancing Act

Posted: 23 Jan 2012 01:08 PM PST

The growth of home improvement companies is directly proportional to the housing market cycles, which in turn is closely related with the prevailing economic conditions. A tremor at one end obviously makes its rippling effects evident on the other end too.
Remember the subprime crisis, which destabilized the U.S. housing market? Thus Lowe's Companies Inc. (NYSE:LOW), being the world's second largest home improvement retailer, will have to walk the tight rope.
The Company Counts Upon
Lowe's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pelangio’s High Grade Discoveries Will Bolster Resource Estimate Expected In 3Q

Posted: 23 Jan 2012 12:55 PM PST

Pelangio's high grade discoveries will bolster resource estimate expected in 3Q
Steven Ralston, CFA

Pelangio Exploration (PX.V: TSX-V, V.PX, and PGXPF: OTC) is a junior gold exploration company currently proceeding with a second phase drilling program at the company's Manfo property in Ghana. The program has now been increased to 40,000 meters. In addition, last week, Pelangio announced the results from seven additional diamond drill holes, which totaled 1,574 meters.

Three of the seven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CA Inc.

Posted: 23 Jan 2012 12:55 PM PST

CA Inc. (NASDAQ:CA) is scheduled to announce its third quarter 2012 results on January 24, 2012 after market close, and we do not see much variation in analysts' estimates at this point.
Second Quarter Recap
The company reported decent second quarter 2012 results, with EPS of 49 cents, surpassing the Zacks Consensus Estimate of 46 cents. Revenue of $1.20 billion increased 10.0% from $1.08 billion in the year-ago quarter.
During the quarter, strong demand for its security management solutions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

St. Jude Halts FAME II Enrollment

Posted: 23 Jan 2012 12:35 PM PST

Medical devices major St. Jude Medical (NYSE:STJ) will stop enrolling new patients in its FAME II clinical trial following positive results from an interim analysis.
The independent data safety monitoring board ("DSMB") recommended investigators to halt patient enrollment in the study following the impressive results which have shown statistically significant reduction in the need for hospital readmission and urgent revascularization when fractional flow reserve ("FFR")-guided assessment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Using Options As Insurance

Posted: 23 Jan 2012 12:21 PM PST

Cusick’s Corner 01-23-3012
Picking a top is going to be tough but there is short-term resistance building at this stage of the market advance, 1313.50 on the S&Ps. Bias in the market is going to be hard to shift, and I am not suggesting that there is much out there to buck the trend either. Over the weekend and coming into this week I did weigh the potential impact of the Fed meeting, especially with more information coming out on Greece, and whether there really is a QE3 on the table or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dominion Ups Div, Payout Intact

Posted: 23 Jan 2012 12:20 PM PST

To maintain its payout ratio, Dominion Resources Inc. (NYSE:D) has increased its quarterly dividend by 7.1%, bringing the annualized dividend to $2.11 per share from the previous payout of $1.97 per share.
Following the hike, the company will now pay a quarterly dividend of 52.75 cents per share compared with its previous payout of 49.25 cents per share. The said dividend will be paid on March 20, 2012, to shareholders of record as of the close of business on March 2, 2012.
This is the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Earnings Season In Full Swing

Posted: 23 Jan 2012 12:05 PM PST

Earnings Preview 1/20/12

Earnings season will be in full swing this week. 422 firms are scheduled to report, and 117 of those will be members of the S&P 500. By the end of the week we should have a very good handle on just how weak or strong this earnings season will be.

The firms reporting next week read like a who's who of American industry.  They.include: Abbott Labs (NYSE:ABT), Apple (NASDAQ:AAPL), Automatic Data Processing (NYSE:ADP), AT&T (NYSE:T), Boeing  (NYSE:BA), Bristol Myers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genomic’s Useful Colon Cancer Test

Posted: 23 Jan 2012 12:05 PM PST

Genomic Health (NASDAQ:GHDX) has presented positive data from the first decision making study of the Oncotype DX colon cancer test. The study demonstrated that Recurrence Score (“RS”) result helps physicians in deciding the course of treatment for stage II colon cancer patients. It was observed that the RS score changed medical oncologists’ treatment recommendations in 29% of the cases.
The Oncotype DX colon cancer test was launched in January 2010. Though the test aims to predict individual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The State Of Our Disunion: A Globalizing Private Sector, A Government Overwhelmed By Corporate Money

Posted: 23 Jan 2012 11:59 AM PST

Who should have the primary strategic responsibility for making American workers globally competitive – the private sector or government? This will be a defining issue in the 2012 campaign.
In his State of the Union address, President Obama will make the case that government has a vital role. His Republican rivals disagree. Mitt Romney charges the President is putting "free enterprise on trial," while Newt Gingrich merely fulminates about "liberal elites."
American business won't … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rallies To Highest Level In 2012

Posted: 23 Jan 2012 09:45 AM PST

01/23/12 With investors optimistic that Greece and its creditors will reach a debt restructuring deal, the euro has rallied this afternoon above $1.30, its highest level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, January 24, 2012

Posted: 23 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, January 24, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0523
+ 0.37
1.0459
1.0408

Bullish

EURUSD – Euro / US Dollar
1.3016
+ 0.64
1.2947
1.2848

Bullish

GBPUSD – British Pound / US Dollar
1.5568
− 0.05
1.5520
1.5476

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0083
− 0.38
1.0110
1.0148

Bearish

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

The Trend Trader For Stock Trading On Tuesday, January 24, 2012

Posted: 23 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, January 24, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.25
+ 0.79
10.18
10.03

Bullish

AXP – American Express Company
49.44
− 1.20
50.08
49.96

Bearish

BA – Boeing Co
75.51
− 0.01
75.59
75.43

Neutral

BAC – Bank of America Corporation
7.25
+ 2.55
7.08
6.93

Bullish

CAT – Caterpillar Inc
106.37
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, January 24, 2012

Posted: 23 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, January 24, 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
109.89
− 0.08
110.08
110.21

Bearish

BND – Vanguard Total Bond Market ETF
83.27
− 0.12
83.41
83.48

Bearish

DBC – DB Commodity Index Tracking Fd
27.73
+ 1.17
27.52
27.42

Bullish

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

The Trend Trader For Futures Trading On Tuesday, January 24, 2012

Posted: 23 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, January 24, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1311.00
+ 0.02
1309.19
1301.25

Bullish

Dow Jones – Mar YMH2
12650
− 0.03
12612
12550

Bullish

Nasdaq – Mar NQH2
2435.00
+ 0.01
2432.08
2412.92

Bullish

Russell – Mar TFH2
780.80
− 0.26
780.48
775.97

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
141-05
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

It May Take A Dragon To Breathe Fire Into Markets

Posted: 22 Jan 2012 10:00 PM PST

At the Cambridge House's Vancouver Resource Investment Conference this week, I am part of a special debate on whether China will boom or bust with bestselling author Gordon G. Chang. The title of Chang's book, The Coming Collapse of China, states his position quite clearly and I look forward to the intellectual challenge of convincing him otherwise.
I've found many people are particularly energized about predicting a hard landing for China's economy, but I believe the country is no … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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