Thursday, January 12, 2012

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: 12 Jan 2012 04:35 PM PST

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

USD/JPY was trading at 76.79, up 0.04% at time of writing.

The pair was likely to find support at 76.67, Thursday's low, and resistance at 77.04, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.03% to hit 1.2818 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 12 Jan 2012 04:10 PM PST

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

EUR/USD was trading at 1.2815, up 0.01% at time of writing.

The pair was likely to find support at 1.2662, Wednesday's low, and resistance at 1.2845, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8355 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mortgage Rates Fall To Record Lows

Posted: 12 Jan 2012 03:58 PM PST

01/12/12 Rates for the 3-year and 15-year fixed-rate mortgage fell to record lows. US foreclosure filings fell to the lowest levels since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 12 Jan 2012 03:35 PM PST

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

NZD/USD was trading at 0.7937, down 0.01% at time of writing.

The pair was likely to find support at 0.7778, Monday's low, and resistance at 0.7981, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.03% to hit 1.3020 and EUR/NZD rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Leases Strong In Asia

Posted: 12 Jan 2012 03:25 PM PST

Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently signed four new lease agreements spanning 624,250 square feet of its development portfolio in Asia. The strong leasing activities in the region signify the inherent high quality of the distribution facilities of the company that make them attractive investment proposition to enhance the supply chain efficiencies.
Prologis leased 256,000 square feet of space in Tokyo, Japan, in two separate lease … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak Refining To Hurt Chevron 4Q

Posted: 12 Jan 2012 03:20 PM PST

U.S. energy behemoth Chevron Corp. (NYSE:CVX) released its fourth quarter 2011 interim update, covering the first 2 months of the quarter. On the whole, the update is bearish, with earnings expected to be significantly below the previous quarter.
The company expects results for the Exploration and Production arm to be about the same as the third quarter performance, as higher overseas production and crude prices offset perennially low prices for natural gas.
But the San Ramon, California-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Continues For Accuray

Posted: 12 Jan 2012 03:20 PM PST

Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) continues to witness significant adoption of its popular CyberKnife radiosurgery system and the TomoTherapy radiation therapy system globally. The California-based company said, at the 30th Annual J.P. Morgan Healthcare Conference in San Francisco, that global installation base for its therapy systems have crossed 600 across 33 nations in roughly a decade.   
Medical centers continues to adopt the company's innovative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Consumer Sentiment, Trade Data In Focus

Posted: 12 Jan 2012 03:20 PM PST

01/12/12 The University of Michigan’s consumer sentiment index and international trade data highlight the US economic calendar on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yet Another Find For Statoil

Posted: 12 Jan 2012 03:05 PM PST

Norwegian oil giant Statoil ASA (NYSE:STO) has struck ample oil in the license PL532 in the Barents Sea for the second time in a span nine months. Touted as the biggest discovery in the Arctic waters off the northern tip of Norway, the find is about 4.3 miles southwest of major block Skrugard (discovered in April, 2011).
The recent discovery was made in the well 7220/7-1 on the Havis prospect and was drilled by the rig Aker Barents. The find is estimated to hold about 200-300 million barrels of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PAY Should Pay Off In 2012

Posted: 12 Jan 2012 03:05 PM PST

We recently upgraded our recommendation on VeriFone Systems (NYSE:PAY) to Outperform from Neutral.
The recent acquisitions of Hypercom and Point strengthen the company's foothold in Europe along with driving significant synergies.
Last week, VeriFone completed the acquisition of Point, which provides payment and gateway services and solutions for retailers in Northern Europe. VeriFone intends to extend the Point platform throughout the region and beyond, with the aim of creating the world’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TWC Enhances Viewing Options

Posted: 12 Jan 2012 02:57 PM PST

In a bid to provide more viewing options to its customers, Time Warner Cable Inc. (NYSE:TWC) has started offering HBO GO and MAX GO, an online video service provider of HBO.
The new as well as the existing Time Warner Cable's customers who subscribe to HBO or Cinemax channel networks will enjoy free and unlimited access to the online video content of HBO GO and MAX GO. Moreover, they can also stream high definition (HD) movies and popular TV shows from a collection of 1,400 HBO titles and 400 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AAPL Is Warning Of A Classic Market Top

Posted: 12 Jan 2012 02:56 PM PST

The much loved stock Apple Computers Inc is owned by everyone and is a market leader in price and capitalization. However classic pattern analysis (see book by Edwards and Magee) suggest not all is hot with this stock and therefore the general market.

Previous Post on AAPL: Wyckoff 2.0 for the 21 first century

Classic market tops are heavy with distribution, smart money selling to the dumb money. Distribution patterns that reverse are abnormally wide ranging and volatile. The latest price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA’s Strategic Game Promotion

Posted: 12 Jan 2012 02:55 PM PST

Electronic Arts Inc. (EA) has devised a unique plan to promote its two upcoming games, Kingdoms of Amalur: Reckoning and Mass Effect 3. In the cross-promotional activity, gamers will have the privilege of unlocking the Reckoner Knight Armor and The Chakram Launcher for the Mass Effect 3 game, while playing the demo version of Kingdom of Amalur.
EA is scheduled to release the Kingdom of Amalur's demo version on January 17, 2012 and the full version will be available from February 7, 2012 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Five Active Stocks For Your Radar Screen

Posted: 12 Jan 2012 02:54 PM PST

 ( click to enlarge )

Let's take a look again at Novatel Wireless, Inc.(NASDAQ:NVTL). Today, the stock traded just like the overall market.It started the day weak, but rallied to go positive and closed at the highs of the day. This could be the start of a trend reversal for NVTL. From TA view, the stock shows a bullish divergence on MACD while Stochastic look oversold. To return to rally mode, the stock needs to cross its short-term resistance at $3.14. A move above this level would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allos Therapeutics Cut To Neutral

Posted: 12 Jan 2012 02:35 PM PST

We have recently downgraded Allos Therapeutics Inc. (NASDAQ:ALTH) to Neutral from Outperform with a target price of $1.50.
The failure of Allos' deal with AMAG Pharma (NASDAQ:AMAG) in October 2011 has reverted Allos to a one-drug company, solely dependent on Folotyn for growth. Folotyn is currently marketed for the treatment of patients suffering from relapsed or refractory peripheral T-cell lymphoma (PTCL). The drug received accelerated approval from the US Food and Drug Administration (FDA) in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet Downgraded To Neutral

Posted: 12 Jan 2012 02:30 PM PST

We have downgraded our recommendation on Tenet Healthcare Corp. (NYSE:THC) to Neutral from Outperform on its continuous high operating expenses, rising bad debt and expected rise in collectibles in the upcoming quarters. High leverage amid the poor global economic scenario is also keeping us on the sidelines.
Since 2006, Tenet has been steadily generating growth in operating revenues, mainly due to increases in the outpatient visits, improvements in managed care pricing and a favorable shift in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo And Theravance Suffer Setback

Posted: 12 Jan 2012 02:30 PM PST

GlaxoSmithKline (NYSE:GSK) and Theravance, Inc. (NASDAQ:THRX) recently announced top-line data from pivotal phase III studies conducted with pipeline candidate, Relovair, for chronic obstructive pulmonary disease ("COPD") and asthma. Relovair is a combination of fluticasone furoate and vilanterol.
In the two COPD studies, Relovair reduced the annual rate of moderate-to-severe exacerbations (worsening of severity of disease) compared to vilanterol. However, in the second study, the reductions were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JetBlue Traffic Surges In December

Posted: 12 Jan 2012 02:25 PM PST

JetBlue Airways Corporation (NASDAQ:JBLU) reported an encouraging 14.3% year-over-year increase in traffic for the month of December. Airline traffic is measured in revenue passenger miles, which implies one mile flown by one passenger.
On a year-over-year basis, capacity (or available seat miles) grew 17.1% and load factor (percentage of seats filled with passengers) contracted 190 basis points (bps) year over year to 80.2%.
JetBlue also outpaced its major competitors Delta Air Lines (NYSE:DAL) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bulls In Good Mood

Posted: 12 Jan 2012 02:18 PM PST

Cusick’s Corner 01-12-2012
With the Euro, FXE, finishing up 1%, and the equities, S&Ps finishing up +3, the bulls have got to be feeling good into the close today. I will be keeping an eye on Chase (NYSE:JPM) earnings tomorrow which would be the first big bank to report and could be a catalyst. JPM’s potential Expected Move is the front month ATM Jan straddle +1 strike out strangle divided by 2 which is $1.25 as of the close tonight. Watch the Trade Balance and the Michigan Sentiment data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pebblebrook Closes Loan Financing

Posted: 12 Jan 2012 02:15 PM PST

Pebblebrook Hotel Trust (PEB) recently executed a non-recourse secured loan worth $46.0 million through Cornerstone Real Estate Advisers, one of the world’s largest real estate investment advisers.
The loan carries a fixed interest rate of 4.36% with a term of five years secured by a first mortgage on the company's 183-room Hotel Monaco Washington, DC. The proceeds from the loan will be used to repay the existing $35.0 million mortgage loan on the Hotel Monaco Washington, DC. This apart, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco Exits 2011 With Strength

Posted: 12 Jan 2012 02:00 PM PST

Costco Wholesale Corporation (NASDAQ:COST) has battled through a tough economy and exited 2011 boldly. The U.S. economy has been reeling under the ongoing financial crisis, whose rippling effects gradually engulfed the global market. Amid this turbulent environment, Costco has almost been able to overcome the hurdles keeping an upbeat note, and we believe it to continue with its momentum in 2012.
Costco continues to be a dominant retail wholesaler based on the breadth and quality of merchandise it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lulu Raises Outlook For 4Q

Posted: 12 Jan 2012 01:50 PM PST

Expecting higher revenue in the fourth quarter, Lululemon Athletica Inc. (NASDAQ:LULU) has recently raised its fourth-quarter 2011 earnings guidance range. Currently, the yoga-inspired athletic apparel company forecasts its earnings for the fourth quarter of fiscal 2011 to be in the range of 47 to 49 cents per share instead of its previous guidance of 40 to 42 cents.
Lululemon is expecting earnings growth of approximately 47% to 53% from the prior-period earnings of 32 cents per share, up from its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Humana Raised To Outperform

Posted: 12 Jan 2012 01:40 PM PST

We have upgraded our recommendation on Humana Inc. (NYSE:HUM) to Outperform from Neutral on its robust top-line growth, sturdy cash position and substantial membership increase. We are also optimistic about the expected benefits from the company's latest acquisitions.
Humana has been on an acquisition spree since mid-2011 and has been rapidly growing, with special focus on the expansion of its Medicare business. The company is actively working on expanding its size, not just through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fifth Third Stays Neutral

Posted: 12 Jan 2012 01:40 PM PST

We are reiterating our Neutral recommendation on Fifth Third Bancorp (NASDAQ:FITB) following a detailed analysis of the company fundamentals in light of the current economic environment and regulatory changes.
The company's third-quarter 2011 earnings of 40 cents per share outpaced the Zacks Consensus Estimate of 33 cents. The results also compare favorably both sequentially and on year-over-year basis.
Quarterly results at Fifth Third reflect a better-than-expected revenue figure backed by net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Higher On Late-day Recovery

Posted: 12 Jan 2012 08:30 AM PST

01/12/12 NYFP’s Closing Bell Report: The Big Board closed with a slight gain during what was a volatile trading session led by weak US jobs data and impressive European debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is China’s Auto Market Invincible?

Posted: 12 Jan 2012 01:25 PM PST

It seems that the Chinese auto market is invincible compared with the U.S., the other biggest auto market in the world. Despite posting the slowest growth in vehicle sales in more than decade, the country saw the largest volume of sales in 2011 compared with the U.S.
Total vehicle sales in China increased a tad 2.5% to 18.5 million units in 2011 while that in the U.S. rose 10% to 12.8 million units.
The expiration of tax incentives and subsidies, restrictions on car purchases and higher prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Higher On Euro Rate Auctions; Dow Up 0.17%

Posted: 12 Jan 2012 01:19 PM PST

Forexpros – bsp;Forexpros – U.S. shares closed higher on bullish euro zone rate auctions despite weak domestic economic numbers.

At the close of U.S. trade, the Dow Jones Industrial Average gained 0.17%, the S&P 500 advanced 0.31% and the Nasdaq Composite index grew by 0.51%.

In the U.S., a report indicated that more Americans filed for unemployment benefits last week than forecasted added to speculation that the U.S. recovery may be slowing.

U.S. retail sales in December also failed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qiagen Expands With New Deals

Posted: 12 Jan 2012 01:05 PM PST

In an attempt to expand its companion diagnostic portfolio for several types of new anti-cancer drugs, Qiagen (NASDAQ:QGEN) recently entered into two different agreements with US biotech companies, namely Insight Genetics, Inc. and Personal Genome Diagnostics Inc. Through the agreement, the company seeks to obtain worldwide exclusive rights for biomarkers for gene mutation.
In collaboration with the Tennessee-based molecular diagnostics company Insight Genetics, Qiagen will provide a genetic test … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Family Dollar

Posted: 12 Jan 2012 12:55 PM PST

Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, recently posted first-quarter 2012 results. Street analysts have now had time to ponder the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts, as well as the Zacks Rank and long-term recommendation for the stock.
Last Quarter Synopsis
Based in Matthews, North Carolina, Family Dollar unveiled its first quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mortgage Rates Fall To New Historic Lows And Help Boost Nov. Miami-Area Home Sales To 5-Year High

Posted: 12 Jan 2012 12:53 PM PST

Mortgage rates fell again this week, and 30-year fixed rates (3.89%), 15-year fixed-rates (3.16%) and one-year ARMs (2.76%) are all at their lowest levels in history (see chart above).

Related:  “Miami-area homes sold at the fastest pace for a November in five years as lower prices and mortgage rates continued to drive robust demand from investors and vacation-home buyers – both foreign and domestic.”

MP: It’s a sign that market forces are working – lower prices and lower mortgages … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dull 4Q Awaits Juniper

Posted: 12 Jan 2012 12:50 PM PST

Ace networking solutions vendor Juniper Networks Inc. (NASDAQ:JNPR) announced that it expects the fourth quarter results to come below its prior expectations. The company expects to report its fourth quarter results on January 26, 2012 and estimates weaker-than-expected demand for routers from telecom service providers (with a particular weak spot in the U.S.) to hurt the quarterly results.
For the quarter, Juniper now expects revenue of $1.1 billion to $1.2 billion, down from the previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shire Acquires US Rights To Resolor

Posted: 12 Jan 2012 12:35 PM PST

Shire (NASDAQ:SHPGY) recently announced that it has entered into an agreement with Janssen Pharmaceutica N.V., a Johnson & Johnson (NYSE:JNJ) company, to acquire the rights to develop and commercialize Resolor ("prucalopride") in the US. The terms of the agreement were not disclosed. 
Resolor is the first of a new generation of selective, high-affinity 5-HT4 receptor agonists. The product was approved in the EU by the European Medicines Agency ("EMA") in October 2009 for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Plunge On Weak U.S. Numbers

Posted: 12 Jan 2012 12:34 PM PST

Forexpros – Crude oil futures dropped on weak U.S. economic numbers depite Nigerian supply fears and a broadly lower U.S. dollar .

On the New York Mercantile Exchange, light sweet crude futures for February settlement traded at USD98.86 a barrel during mid U.S. trade plunging 2.00%%%.

It earlier climbed to USD102.95, a two day high, prior to selling off.

Weakness in the U.S. dollar did little to firm up oil prices. The dollar index, which tracks the performance of the greenback versus a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Solta Medical Backs 4Q View

Posted: 12 Jan 2012 12:20 PM PST

Aesthetic laser treatments provider Solta Medical (SLTM) has retained its guidance for fourth-quarter 2011. The company continues to expect sales for the quarter in the band of $32 million to $34 million. Revenue target for the fiscal remains in the range of $115 million to $117 million. The current corresponding Zacks Consensus Estimates for the fourth quarter and fiscal 2011 are $33 million and $116 million, respectively.
The company has reiterated its full year adjusted gross margin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Crude Supplies Rise Sharply

Posted: 12 Jan 2012 12:05 PM PST

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of soaring imports and dwindling product demand, while gasoline supplies rose for the second straight week. The agency's report further revealed that distillate stocks posted a significantly larger-than-expected build. Meanwhile, refinery utilization rate was up by 0.6%.
The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Plummets To 28 Month Low

Posted: 12 Jan 2012 11:58 AM PST

Forexpros – Natural Gas futures prices plummeted, hitting new 28 month lows on warm winter forecasts and modest supply drop.

On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD2.693 per million British thermal units during late U.S. trade, giving back another 2.92%

Prices are trading below the psychologically critical USD3.00 level as bearish sentiment was elevated after the Commodity Weather Group stated that temperatures on the U.S. East Coast will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 12 Jan 2012 11:55 AM PST

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

In a report, Department of the Treasury said that U.S. federal budget balance rose to a seasonally adjusted -86.0B, from -137.3B in the preceding month.

Analysts had expected U.S. federal budget balance to rise to -79.0B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Isis-Biogen Team Up

Posted: 12 Jan 2012 11:50 AM PST

Biogen Idec (NASDAQ:BIIB) recently joined hands with Isis Pharmaceuticals, Inc. (NASDAQ:ISIS) for the development and commercialization of an antisense drug for the treatment of spinal muscular atrophy (SMA).
The Candidate
The exclusive, global option and collaboration agreement relates to the development of ISIS-SMNRx, which is currently in a phase I study. The study, initiated in Dec 2011, is being conducted in children with SMA, a genetic neuromuscular disease characterized by muscle atrophy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boeing Steady With Chinook Orders

Posted: 12 Jan 2012 11:40 AM PST

For foreign military sales ("FMS"), The Boeing Company (NYSE:BA) has received a contract for the delivery of 14 CH-47F Chinook helicopters worth $370 million from the U.S. Army. Per the FMS contract, the U.S Army will deliver these to Australia and the United Arab Emirates ("UAE").
The company expects to deliver these helicopters to the Army in early 2014. Out of the 14 Chinooks, Australia will receive 7, UAE will get 6 and the U.S Army will keep 1 for its own requirements.
The Boeing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TVIX: The Sentimental Dinosaur – RSI And P/C Data

Posted: 12 Jan 2012 11:23 AM PST

I’d like to introduce you to an acquaintance of mine. I call him the Dinosaur of Sentiment, the Sentimental Dinosaur and just plain T-Rex for short. His real name, however, sounds like T-Rex, but is actually spelled TVIX. And TVIX is actually short for his full family heritage and description which is VelocityShares Daily 2X VIX Short Term ETN (and I thought the names at school were tough to remember). 

Anyway, TVIX is a volatile fellow. He falls in price when people are happy about the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LabCorp Reaffirmed Neutral

Posted: 12 Jan 2012 11:20 AM PST

Headquartered in Burlington, North Carolina, Laboratory Corporation of America Holdings (NYSE:LH) is the second largest independent clinical laboratory company in the US.
The company is aiming at increasing its revenues derived from esoteric testing in the next few years. Riding on the acquisitions of Monogram Bioscience (August 2009) and Genzyme Genetics (December 2010), LabCorp derives approximately 40% of revenues from genomic, esoteric and anatomic pathology categories, which can climb to 45% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bulls Continue To Hold On

Posted: 12 Jan 2012 11:18 AM PST

Cusick’s Corner 01-12-2012
The strength of this trend today is getting more respect as we get through the midday trading hour. The market has been able to hold and even gain ground in spite of weak Retail Sales that were up .1%, and worse than expected claims, 399K. If we can see this move hold and push higher, upside could potentially gather some more steam. I will be watching the Dollar to see if continued strength in the buck sucks some steam out of the bid or if we are seeing that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Above 200 Hour MA

Posted: 12 Jan 2012 11:18 AM PST

The EURUSD continues to move higher, breaking above the 200 hour MA at the 1.2834 level.  The low from December 29th (low for 2011) came in at the 1.2856 level. Above that is the 1.2873 level which was the lows from January 10, 2011 (held as the year low all the way up to the 2nd to last day of the trading year).  The 50% of the months range comes in at 1.28684 This is another level that looms above and should solicit some slowing of the trend today.

With the days range at 146 pips, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Remains In A Range. Good Support At 1.5308 Area Below

Posted: 12 Jan 2012 11:17 AM PST

The GBPUSD remains in a narrowing range today.  Good support comes in at the 1.5308 level where no fewer than 5 tests of the level have been made over the last 24 hours.  The topside today tried to break above the 38.2% at the days high, failed and then used the level as resistance on the next high (see chart above).  Lower lows. Higher highs. Narrowing range.  Decision time looms for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Sharply Lower On Weak U.S. Data. Draghi’s Words

Posted: 12 Jan 2012 11:09 AM PST

Forexpros – The U.S. dollar traded sharply lower against its major counterparts on weak U.S. economic data and euro positive comments from European Central Bank’s President Mario Draghi.

During late session U.S. trade, the greenback traded sharply lower against the euro, with EUR/USD gaining 0.94% to hit 1.2827.

In euro bullish news, Spain auctioned euro9.98 billion of bonds, twice the targeted amount and Italy met its target sending borrowing costs plunging.

Interest rates were unchanged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CONSOL Reveals 2012 Capex Plans

Posted: 12 Jan 2012 11:05 AM PST

CONSOL Energy Inc. (NYSE:CNX) revealed its 2012 capital expenditure plans besides giving an early update on gas/liquids production for the period 2012-2015. The company expects total capital spending of $1.72 billion in 2012 which includes budget for coal, gas, water and others. The company has invested $1.40 billion in capital expenditure in 2011.
The 2012 budget calls for spending $720 million for coal, $755 million for gas, and $245 million for other purposes.
Within coal, the company expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RBS To Cut 3,500 More Jobs

Posted: 12 Jan 2012 11:00 AM PST

01/12/12 Global markets were rising this morning following successful debt auction in Spain and Italy. However, gains in the US were limited following weaker-than-expected jobs and retail sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: JPMorgan

Posted: 12 Jan 2012 10:50 AM PST

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to report its fourth quarter and full year 2011 results before the market opens on Friday, January 13. The Zacks Consensus Estimate for the quarter is 92 cents per share, representing an estimated year-over-year slump of about 18%. For the full year, the Zacks Consensus Estimate is $4.50 per share, up about 14% from the previous year.
We don't expect JPMorgan to report extraordinary numbers this quarter as it is wont to do given the weakness … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Optimer Buoyant On Difficid Sales

Posted: 12 Jan 2012 10:50 AM PST

Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) recently announced impressive fourth quarter preliminary sales of its sole marketed drug Dificid (fidaxomicin), the antibiotic sold in the US for the treatment of clostridium difficile-associated diarrhea (CDAD), also known as clostridium difficile infection (CDI).
Dificid grossed $12.2 million in the fourth quarter of 2011, almost flat with $12.1 million of gross revenue generated in the third quarter. Beyond the obvious numbers, revenues were actually up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mogavero: “Lots Of Headwinds…market Is A Predictor”

Posted: 12 Jan 2012 05:50 AM PST

01/12/12 Mogvero, Lee & Co.’s Doreen Mogavero discusses the latest fundamentals and central bank rate decisions, and weighs in on near-term market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Higher On Weaker Dollar

Posted: 12 Jan 2012 10:38 AM PST

Forexpros – bsp;- Gold futures added to gains Thursday, hitting a 4 week high, as the euro moved higher against the U.S. dollar on positive economic news from the euro zone.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1648.15 a troy ounce during mid U.S. trade gaining 0.52%.

It earlier hit a high of USD1662.85, the highest since December 13th.

Gold futures were likely to find support at USD1631.05 a troy ounce and technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Soars On Spanish Auction, Draghi’s Words

Posted: 12 Jan 2012 10:26 AM PST

Forexpros – The euro soared higher Thursday on European Central Bank’s President Mario Draghi stating he sees signs of economic stability and Spain hitting twice the target at a note auction.

EUR/USD hit a low of 1.2700 during U.S. trade. The pair is off a high of 1.2845 and is currently trading at 1.2831 up 0.98%.

The pair was likely to find support at 1.2700, the sessions low and technical resistance exists at 1.2946, the high of January, 5th.

The single currency found support at ECB … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Higher, But Gains Limited

Posted: 12 Jan 2012 04:15 AM PST

01/12/12 Global markets were rising this morning following successful debt auction in Spain and Italy. However, gains in the US were limited following weaker-than-expected jobs and retail sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, January 13, 2012

Posted: 12 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, January 13, 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
110.30
− 0.08
110.20
110.05

Bullish

BND – Vanguard Total Bond Market ETF
83.45
− 0.14
83.48
83.32

Neutral

DBC – DB Commodity Index Tracking Fd
27.35
− 1.41
27.62
27.61

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, January 13, 2012

Posted: 12 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, January 13, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0333
+ 0.22
1.0310
1.0270

Bullish

EURUSD – Euro / US Dollar
1.2814
+ 0.85
1.2761
1.2830

Neutral

GBPUSD – British Pound / US Dollar
1.5331
+ 0.04
1.5392
1.5490

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0187
− 0.04
1.0181
1.0213

Neutral

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

The Trend Trader For Stock Trading On Friday, January 13, 2012

Posted: 12 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, January 13, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.93
+ 3.12
9.65
9.18

Bullish

AXP – American Express Company
49.65
+ 1.43
48.95
48.31

Bullish

BA – Boeing Co
75.51
+ 1.03
74.97
73.91

Bullish

BAC – Bank of America Corporation
6.79
− 1.16
6.72
6.05

Bullish

CAT – Caterpillar Inc
101.94
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Friday, January 13, 2012

Posted: 12 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, January 13, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1291.75
+ 0.27
1286.61
1272.08

Bullish

Dow Jones – Mar YMH2
12413
+ 0.20
12391
12314

Bullish

Nasdaq – Mar NQH2
2378.50
+ 0.49
2366.44
2337.83

Bullish

Russell – Mar TFH2
768.00
+ 0.41
762.51
746.40

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
143-18
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anticipating The Golden Cross

Posted: 11 Jan 2012 10:00 PM PST

I had a neighbor who set his sprinkler system to go on every Wednesday around 5 a.m., about the same time I am about to reach his yard on my jog. After a few weeks of getting my ankles wet, I started to cross the street before I reached his property.
Like sprinkler systems, some traders have automatic triggers that initiate the buying or selling of blocks of stocks. One trigger where we generally see money move in and out of the market is based on the "golden cross," which identifies when … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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