DailyMarkets.com - Forex Trading: USDSGD Revisited

Forex Trading: USDSGD Revisited
Zynga Brings Slingo To Facebook
US Housing, Jobs, Inflation Data On Tap
Hot Option Plays: Could This Close Be Healthy?
Forex Trading: Usd/krw Is Consolidating After Recent Move Lower.
Stocks Picks For Thursday, February 16
JEC High On Contracts Galore
Schwab Reports Rise In DARTs
Int’l Paper Acquires Temple Inland
Apple Requests To Kick Kodak’s Corpse
Anybody Left To Buy (Technology Stocks)?
BioMarin Lowered To Underperform
Stocks Drop As Greece Worries Persist
Medco’s New Specialty Packet
Fed OK’s Capital One-ING Direct Deal
Amylin’s Bydureon Launches In The US
P&G’s ‘Tide Pods’ To Pop In U.S
CA Offers New Solutions
Earnings Preview: Applied Materials
Update On Watson’s Candidate
Regeneron’s Loss Widens, Eylea Grows
Hot Option Plays: Even With A Huff And A Puff – Market Not Down Much
New January Record For U.S. Exports From L.A. Port
Reiterating Genomic At Neutral
ETF Update: CU, FCG
The Trend Trader For Stock Trading On Thursday, February 16, 2012
The Trend Trader For ETF Trading On Thursday, February 16, 2012
The Trend Trader For Futures Trading On Thursday, February 16, 2012
The Trend Trader For Forex Trading On Thursday, February 16, 2012

Posted: 15 Feb 2012 05:18 PM PST

Reviewing the USDSGD chart we presented a few sessions ago, the pair has broken above the trending 21day moving average and is poised to continue higher as long as the early 2012 risk on sentiment continues to wane. The pair has found some resistance at the 38.2% of the Dec-Jan move for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zynga Brings Slingo To Facebook

Posted: 15 Feb 2012 03:58 PM PST

02/15/12 Zynga debuted a licensing agreement with Slingo.
The popular slot machine and bingo game will be available on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Housing, Jobs, Inflation Data On Tap

Posted: 15 Feb 2012 03:20 PM PST

02/15/12 A slew of US economic data will be released on Thursday. Greek developments and Mideast geopolitics will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Could This Close Be Healthy?

Posted: 15 Feb 2012 03:19 PM PST

Cusick’s Corner 02-15-2012
I have been talking more and more about correlated assets and how some highly correlated assets are starting to diverge. I have been watching the Japanese markets running to the upside and I looked at the bond yields, specifically the 10 yr, and they have been moving together until now. If the Japanese markets continue to run and the correlation is still valid, 10 yr yields should be bouncing and that would be a potential catalyst for the bulls. With Tech, QQQ, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/krw Is Consolidating After Recent Move Lower.

Posted: 15 Feb 2012 03:19 PM PST

usd/krw is consolidating after recent move lower which might signal it building steam to make another move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Picks For Thursday, February 16

Posted: 15 Feb 2012 02:31 PM PST

( click to enlarge )

Dendreon Corporation (NASDAQ:DNDN) has held up better than the other stocks and bounced off the key support line of $13.85 with expanding volume. Short-term investors can hold the stock as long as it trades above this support. If the stock can break through Wednesday's high of $15.50, we should see a strong follow through move. Keep watching DNDN for a bigger move soon.

( click to enlarge )

MercadoLibre, Inc (NASDAQ:MELI) – Nice break out today on big … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JEC High On Contracts Galore

Posted: 15 Feb 2012 02:19 PM PST

Recently, Jacobs Engineering Group Inc. (NYSE:JEC) received four contracts from Arkema to Support PVC Projects in China and announced receipt of another contract from Marine Corps Logistics Command for Distribution Management Center Support.
Arkema Contracts
Jacobs will be executing four contracts from Arkema France for basic engineering services to support the provision of Arkema’s proprietary suspension and emulsion technology to four of its clients in China. Value of the contracts has not been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab Reports Rise In DARTs

Posted: 15 Feb 2012 02:10 PM PST

On Tuesday, Charles Schwab Corp. (NASDAQ:SCHW) released its Monthly Activity Report for January 2012, recording an increase of 8% in Daily Average Revenue Trades (DARTs) from December 2011 to 468,400. However, the company's DARTs declined 8% year over year. This year-over-year fall in DARTs was mainly attributable to the absence of a seasonal rise in transactions involving Schwab Mutual Fund OneSource product.
Schwab registered a fall in new assets, with net inflow of $7.1 billion in January 2012 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Int’l Paper Acquires Temple Inland

Posted: 15 Feb 2012 02:02 PM PST

After an eight month chase, International Paper Co. (NYSE:IP) has completed the acquisition of Temple Inland (TIN) for nearly $4.5 million. International Paper has purchased the shares of Temple-Inland at $32.00 per share. The deal included an assumption of $700 million in Temple-Inland's debt.
The transaction was completed through Metal Acquisition Inc., a subsidiary of Temple Inland. With the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Requests To Kick Kodak’s Corpse

Posted: 15 Feb 2012 02:00 PM PST

02/15/12 Apple has asked the New York branch of the US Bankruptcy Court for permission to sue what’s left of Kodak in a patent infringment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anybody Left To Buy (Technology Stocks)?

Posted: 15 Feb 2012 01:57 PM PST

While at least some market-watchers will view today’s key reversal (on extremely heavy volume) in technology bellwether Apple as a potential turning point for the sector, which has been on an incredible tear in recent weeks, there’s no shortage of data suggesting that enthusiasm for the group has reached historically untenable extremes.
For example, based on figures derived from the Commodity Futures Trading Commission’s weekly Commitments of Traders report, traders categorized as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BioMarin Lowered To Underperform

Posted: 15 Feb 2012 01:51 PM PST

We have recently downgraded BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to Underperform from Neutral with a target price of $35.00.
Our decision is based on valuation grounds as we believe that the stock is overvalued at current levels. Moreover, we are disappointed by the initial sales ramp of the company's latest marketed product – Firdapse. The drug was launched in the European Union in April 2010 for treating patients suffering from Lambert Eaton Myasthenic Syndrome – a rare autoimmune … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Drop As Greece Worries Persist

Posted: 15 Feb 2012 08:45 AM PST

02/15/12 US stocks closed lower Wednesday as the euro hit a 1-week low on uncertainty over Greece’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medco’s New Specialty Packet

Posted: 15 Feb 2012 01:41 PM PST

The Specialty Pharmacy division of Medco Health Solutions (NYSE:MHS) recently announced the launch of a new medical benefit management program to efficiently handle specialty medications covered under major medical plans.
With the growing importance of pricey specialty drugs used to treat rare or complex diseases, this new benefit plan is expected to be beneficial in effectively bringing down the cost of medication amid an inflationary situation as well increasing greater efficiencies around the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed OK’s Capital One-ING Direct Deal

Posted: 15 Feb 2012 01:25 PM PST

It's a 'YES' for Capital One Financial Corporation's (NYSE:COF) plan to acquire ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING). On Tuesday, the Federal Reserve finally approved the deal. The consent removes the doubt that the acquisition would create the next 'too-big-to fail' banking institution.
In June 2011, COF had announced that it would acquire ING Direct in a stock-cum-cash transaction. As per the terms of the deal, the company would pay $6.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amylin’s Bydureon Launches In The US

Posted: 15 Feb 2012 01:25 PM PST

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and Alkermes plc (NASDAQ:ALKS) recently announced the availability of their type II diabetes treatment, Bydureon (exenatide once-weekly) in the US.
Bydureon, a glucagon-like peptide-1 (GLP-1) receptor agonist, gained approval earlier this year as an adjunct to diet and exercise to improve glycemic control in adults with type II diabetes. This means that Bydureon can be used as a monotherapy, as well as in combination with commonly prescribed oral diabetes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

P&G’s ‘Tide Pods’ To Pop In U.S

Posted: 15 Feb 2012 01:09 PM PST

After months of delay, Procter & Gamble Company (NYSE:PG) finally announced the commencement of the marketing campaign of its first multi-chambered laundry detergent, Tide Pods. The $150 million promotional blitz has been christened as 'Pop In and Stand Out'.
The commercial emphasizes on the multiple uses of the Tide Pods – cleaning, fighting stains and brightening colors of clothes. It highlights the different uses of the product, like popping a pod into a washer or making colors pop with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA Offers New Solutions

Posted: 15 Feb 2012 01:09 PM PST

Computing major CA Technologies (NASDAQ:CA) has recently made some strategic moves, which reiterates the fact that cloud computing and enterprise services are the two main areas of development for the company. CA is leveraging its cloud computing expertise and rolling out innovative solutions to grow its business.
CA has recently integrated its new cloud offering CA AppLogic turnkey platform with International Game Technology's (IGT) IGT Cloud for delivering advanced casino software and better … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Applied Materials

Posted: 15 Feb 2012 12:50 PM PST

Applied Materials, Inc. (NASDAQ:AMAT) is scheduled to announce its fiscal first-quarter 2012 results on February 16, 2012. We witness only one upward movement in analyst estimates in the build-up to the release.
Prior-Quarter Synopsis
AMAT's fourth quarter 2011 pro forma earnings were in line with the Zacks Consensus Estimate as lower revenue and margins were partially offset by strong opex management and a lower-than-expected tax rate.
Revenue growth was weak across the Display and EES (solar) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Update On Watson’s Candidate

Posted: 15 Feb 2012 12:40 PM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) along with partner Columbia Laboratories Inc. (NASDAQ:CBRX) recently announced that the latter has transferred the new drug application (NDA) for progesterone vaginal gel 8% to the former. The companies are seeking to get the candidate approved for use in the reduction of risk of preterm birth in women with a singleton gestation and a short uterine cervical length in the mid-trimester of pregnancy.
The transfer does not involve any additional payment and following … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regeneron’s Loss Widens, Eylea Grows

Posted: 15 Feb 2012 12:20 PM PST

Regeneron Pharmaceuticals Inc.’s (NASDAQ:REGN) fourth quarter 2011 net loss (excluding special items but including stock-based compensation) of 54 cents per share was narrower than the Zacks Consensus Estimate of a net loss of 63 cents. The company suffered a loss of 17 cents per share in the year-ago quarter. The wider year over year loss was attributable to higher operating expenses and lower revenues.
The Fourth Quarter in Details
Total revenue in the reported quarter declined 8% to $123.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Even With A Huff And A Puff – Market Not Down Much

Posted: 15 Feb 2012 12:18 PM PST

Cusick’s Corner 02-15-2012
I have talked about this type of market in the past where the risk in the upside, or more specifically with missing the upside, is the risk. While yields in bonds are still not moving and are up pricewise, the S&Ps were able to break 1350. If this can hold into the close then this could keep the strength in the bid. I do not want to see a close below 1350 at the end of day because this may put into further question the current upside. Some of the big money may be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New January Record For U.S. Exports From L.A. Port

Posted: 15 Feb 2012 12:09 PM PST

Following up on a record-setting year in 2011 for U.S. export containers shipped from the Port of Los Angeles, another record was set last month, this time for the most ever loaded outbound containers shipped in the month of January, at 168,427. That was a 5.9% increase over last January, and a 19% increase over two years ago. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reiterating Genomic At Neutral

Posted: 15 Feb 2012 12:05 PM PST

We reiterate our Neutral recommendation on Genomic Health (NASDAQ:GHDX) following its fourth-quarter 2011 results though the performance missed the Zacks Consensus Estimates on both fronts – revenue and earnings.
While Genomic currently has two products in its portfolio, Oncotype DX breast and Oncotype DX colon cancer tests, the latter has yet to make any significant contribution to the top line. Banking on its several strategies directed toward an increasing acceptance of the Oncotype DX test, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ETF Update: CU, FCG

Posted: 15 Feb 2012 11:30 AM PST

Weekly update on the First Trust ISE Revere Natural Gas Index Fund and the First Trust ISE Global Copper Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards