Monday, January 2, 2012

DailyMarkets.com - PivotBoss Report For 01/03/12

DailyMarkets.com - PivotBoss Report For 01/03/12

PivotBoss Report For 01/03/12

Posted: 02 Jan 2012 04:19 PM PST

Market Outlook
The S&P 500 Index has developed a massive triangle pattern that could dictate the next major directional move in the market.
The $SPX continues to coil within the framework of the developing triangle pattern, which built out throughout 2011, as seen in the daily chart. The backend of this pattern measures about 280 points, which means a breakout from this pattern should move the market about 280 points in the direction of the break.
In other words, a move of about 22% could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lesson Of The Financial Crisis: Too Many “Dumb” Regulations. We Need “Smarter,” Not More Regs

Posted: 02 Jan 2012 03:49 PM PST

University of Chicago libertarian-leaning finance professor John Cochrane is now blogging at The Grumpy Economist, here’s an exceprt from his excellent post today: 

I am often asked, “doesn’t the financial crisis mean we need more regulation?” It’s one of those maddening questions, because the answer is “that’s the wrong question,” which gets you nowhere.

For regulation is not “more” or “less,” something you just pour into a cup until you’ve had enough like a good beer. Regulation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Trading Close To The Bottom Of The Channel.

Posted: 02 Jan 2012 01:18 PM PST

usd/hkd trading close to the bottom of this channel while continuing to test the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Still Under The Resistance Line Around 6.3469

Posted: 02 Jan 2012 01:18 PM PST

usd/cnh still under the resistance line around … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Still Trading In A Downward Wedge

Posted: 02 Jan 2012 01:18 PM PST

usd/sgd still trading in a downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The GOP Ticket In 2012: Romney-Rubio

Posted: 02 Jan 2012 12:17 PM PST

Since my New Year's prediction that Obama would select Hillary Clinton for his running mate in 2012 (and Joe Biden would become Secretary of State), I've been swamped by requests for my GOP prediction. Here goes.
You can forget the caucuses and early primaries. Mitt Romney will be the nominee. Republicans may be stupid but the GOP isn't about to commit suicide. The other candidates are all weighed down by enough baggage to keep a 747 on the tarmac indefinitely.
For his running mate, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

2011: The Year In “Typo’s”

Posted: 02 Jan 2012 12:14 PM PST

More apostrophe abuse (mostly) from the Wichita … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Decline Of Manufacturing” Is Global Phenomenon: And Yet The World Is Much Better Off Because Of It

Posted: 02 Jan 2012 11:49 AM PST

The chart above shows manufacturing output as a share of GDP, for both the “world less the U.S.” and the U.S. alone, using United Nations data for GDP and its components at current prices in U.S. dollars from 1970 to 2010. We hear all the time from Donald Trump and others about the “decline of U.S. manufacturing,” about how nothing is made here any more, and how everything that used to be made here is now made in China and other low wage countries.  An underlying assumption of most of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Under Pressure At 2012 Start

Posted: 02 Jan 2012 11:35 AM PST

Forexpros – The euro weakened against the U.S. dollar at the start of 2012 on renewed debt fears and a negative euro zone manufacturing report.

EUR/USD hit a high of 1.2969 during mid session U.S. trade. It is currently trading at 1.2927 off by 0.22%.

The pair was likely to find short term support at 1.2922 and intraday technical resistance exists at 1.2932. A very tight price range due to the holiday trading session.

A report on European manufacturing indicated that manufacturing shrunk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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