Monday, April 23, 2012

DailyMarkets.com - Speculators Are Driving Natural Gas Prices DOWN, Not Up, Reflecting Market Forces: Supply, Demand

DailyMarkets.com - Speculators Are Driving Natural Gas Prices DOWN, Not Up, Reflecting Market Forces: Supply, Demand


Speculators Are Driving Natural Gas Prices DOWN, Not Up, Reflecting Market Forces: Supply, Demand

Posted: 23 Apr 2012 05:18 PM PDT

For almost the last year, greedy, destabilizing, market-manipulating speculators in the futures markets have been driving up down the price of natural gas to historically high low levels, see chart above of prices for June 2012 natural gas futures contracts on the CME, which have fallen from about $5 per million BTUs to $2 over the last year. 

Despite claims to the contrary, commodity prices in both the spot market and futures market are ultimately determined by the twin market forces of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Starbucks Tickled Pink By Tomatoes

Posted: 23 Apr 2012 03:58 PM PDT

04/23/12 Starbucks will cease using cochineal extract in its products by the end of June. Frappucinos, smoothies and pastries will no longer get its blush from beetle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Lower Boundary Is Becoming Clearer

Posted: 23 Apr 2012 03:30 PM PDT

Less than two weeks ago I wrote ""Identifying the Boundaries of Stock Chart Congestion Areas" in which I talked about three potential bottom boundaries of the congestion area that was developing and might eventually turn into a recognizable chart pattern.  … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FOMC Meeting Kicks Off

Posted: 23 Apr 2012 03:10 PM PDT

04/23/12 The FOMC meeting begins on Tuesday. A handful of US housing data will be released along with the Conference Board’s consumer confidence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bad News For Allos

Posted: 23 Apr 2012 03:09 PM PDT

Allos Therapeutics Inc. (NASDAQ:ALTH) suffered a setback when the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) reiterated the negative opinion issued by it in January 2012, regarding the conditional approval of Allos' sole marketed product, Folotyn (pralatrexate injection), in the EU.
Allos is looking to get Folotyn approved in the EU for treating patients suffering from peripheral T-cell lymphoma (PTCL) whose disease progressed after at least one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Why Anyone Should Care That Bill O’Reilly Calls Me A Communist

Posted: 23 Apr 2012 03:05 PM PDT

Bill O'Reilly, the tumescent personality of Fox News, said on his Friday show "Robert Reich … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fitch Affirms Prudential Ratings

Posted: 23 Apr 2012 02:54 PM PDT

Fitch Ratings affirmed U.S. life insurer Prudential Financial Inc.'s (NYSE:PRU) issuer default rating ("IDR") and insurer financial strength ("IFS") ratings last week. The rating agency affirmed an IDR of "A-"and an IFS rating of "A+".
Prudential Financial's operating results, debt servicing capability, capital strength and reliance on both short and long-term external debt were the factors taken into account by the rating agency prior to the ratings affirmation.
With … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Nordstrom Plans 2nd San Antonio Store

Posted: 23 Apr 2012 02:44 PM PDT

Nordstrom Inc. (NYSE:JWN), a leading fashion specialty retailer in the United States, came up with a plan to inaugurate its second Nordstrom Rack store in San Antonio, Texas. The new Texas store will be located at the Alamo Quarry Market, with the showroom spread out in an area of about 32,000 square feet. The company expects the store to be open and operational by fall 2012.
Nordstrom's first Nordstrom Rack store in San Antonio is situated at The Rim, while the company also has a full-line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BB&T-BankAtlantic Deal Re-Opposed

Posted: 23 Apr 2012 02:27 PM PDT

BB&T Corporation’s (NYSE:BBT) deal to acquire BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX) has been floored again with fresh charges made by J. Phillip Max, the envoy of the shareholders.
As reported by Bizjournals, a complaint was filed in the Broward County Circuit Court in Florida against BankAtlantic Bancorp along with its directors, Chairman and CEO. Moreover, the case was also against BB&T as well as BFC Financial Corp. (BFCF), the principal owner of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Top Trade Ideas For Tuesday

Posted: 23 Apr 2012 02:10 PM PDT

  ( click to enlarge )

Dendreon Corporation (NASDAQ:DNDN) shares are clearly under accumulation as traders become familiar with this company’s potential. The accumulation line continues to scale new peaks as somebody out there gets extra-hungry for DNDN at these levels. There are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. A break above 11.03 on a close basis should be seen as a serious threat for the stock to test the 200 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Panera’s COO Steps Down

Posted: 23 Apr 2012 02:05 PM PDT

Panera Bread Co. (NASDAQ:PNRA) has recently announced that effective May 31, 2012, John Maguire will no longer serve as the Executive Vice President and Chief Operating Officer (COO) of the company. Maguire resigned from his current position in Panera to join Friendly’s Ice Cream LLC as Chief Executive Officer (CEO).
Concurrently, Panera has appointed Charles J. Chapman III, as the new COO. Charles, who currently serves as the Executive Vice President of Development and Business Development & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Post Triple-digit Loss Monday On Europe Fears

Posted: 23 Apr 2012 02:00 PM PDT

04/23/12 US stocks fell Monday as political tension in Europe raised doubts on the euro zone’s ability to push austerity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CNO Financial Attains A Settlement

Posted: 23 Apr 2012 01:57 PM PDT

Conseco Life Insurance Company (“Conseco Life”), a subsidiary of CNO Financial Group, Inc. (NYSE:CNO), reached a settlement to pursue with the Nicholas putative class action lawsuit.
The litigation comes in the wake of certain changes made last year to certain non-guaranteed elements in some of the universal life policies sold by Conseco Life prior to its takeover.
In the hearing a couple of days back, the judge considered Conseco Life's request for a countrywide status that would act as an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


More Than Just Skint

Posted: 23 Apr 2012 01:47 PM PDT

In spite of the relentless cheerleading by Wall Street “strategists” and other alleged experts, many Americans have refused to play along with the “it’s a bull market” song. A chart at Zero Hedge, which has for some time been chronicling the exodus by small investors from the U.S. equity market, reveals in colorful detail just how disinterested they have been:

An article in the New York Post, “No-Confidence Vote: Main Street Shunning Markets,” offers a few explanations as to why individuals … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


H-P Provides IT For Dept Of Defense

Posted: 23 Apr 2012 01:41 PM PDT

Hewlett-Packard Company (NYSE:HPQ) recently clinched an information technology (IT) services deal with Defense Information Systems Agency (DISA) for a period of 7 years. The agency is a unit of the U.S. Department of Defense (DoD) and is responsible for providing the required IT and communications support to various federal offices such as President, Vice President and Secretary of Defense.
The deal was awarded under the agency's Encore II contract and carries a value of $39.8 million. Per the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Speculators Now Driving Down Oil Futures Prices

Posted: 23 Apr 2012 01:41 PM PDT

In anticipation of rising future supply and/or declining future demand, oil speculators are now driving oil prices down for December 2016 crude oil futures contracts.  In just the last three weeks, futures prices for delivery in 2016 have fallen by more than 5%, from $94.75 per barrel in early April to below $90 in recent trading.  

Are these the same destabilizing, market-manipulating oil speculators who are supposedly to blame for oil prices rising in the short term?  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


WPI In Patent Infringement Lawsuit

Posted: 23 Apr 2012 01:24 PM PDT

Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced the filing of an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) for a generic version of Depomed Inc.'s (NASDAQ:DEPO) diabetes drug, Glumetza. The drug is used as an adjunct to diet and exercise to improve glycemic control in adults with type II diabetes.
In response, Depomed and Valeant International together filed a lawsuit against Watson Pharma in the United States District Court for the District of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Garmin Expands Overseas

Posted: 23 Apr 2012 01:10 PM PDT

Garmin Ltd (NASDAQ:GRMN), the maker of portable navigation devices, has opened offices in Shanghai, China; Stuttgart, Germany; and Yokohama, Japan. The idea is to get closer to all the major auto manufacturing markets of the world to sell built-in devices for automobiles including navigation, telematics and infotainment.
Garmin has been the most celebrated supplier of personal navigation devices (PND) that were largely used in automobiles. However, the incorporation of navigation into smartphones … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Kellogg’s Gets Shredded, Cuts Its 2012 Outlook

Posted: 23 Apr 2012 08:00 AM PDT

04/23/12 Citing weaker-than-expected sales in the U.S. and Europe, Kellogg Co. cut its 2012 outlook … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Diageo Remains Neutral

Posted: 23 Apr 2012 12:54 PM PDT

We reiterated our Neutral recommendation on the world's leading brewer Diageo Plc. (NYSE:DEO), following the interim results of fiscal year 2012 published by the company.
Diageo Plc.'s first half fiscal 2012 earnings went up 16% y/y to 89 cents (55.9 pence), from 75 cents (48 pence). Strong performance of Johnnie Walker in all markets, coupled with faster penetration of the company into emerging markets around the world, led to the upswing in profit.
Net revenue (i.e. total revenue minus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Patriot Coal Lowers Production

Posted: 23 Apr 2012 12:38 PM PDT

Bowing to the pressures of the sluggish market demand for coal, Patriot Coal Corporation (NYSE:PCX) decided to lower the production of thermal coal. As a result, the company's Freedom underground mine will remain idle. The mine, located in the Bluegrass complex in Illinois Basin, had produced 1.2 million tons of thermal coal in 2011.
Subsequent to the production cut, there will be no uncommitted Illinois Basin thermal coal delivery for Patriot Coal in 2012. Idling of Freedom underground … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Analyst Interviews: Coal Industry Stock Review

Posted: 23 Apr 2012 12:23 PM PDT

Coal has been used for nearly as long as mankind has thrived. From the times of the cavemen to present day, coal is used for everything from cooking to heating to running steam-powered trains to generating electricity.

Today, coal is burned as fuel or gasified to create a synthesis gas (syngas) that can then be used as a feedstock for the production of chemicals, fertilizer and electric power. Coal is also used for producing heat through combustion.

The USA, Russia, Australia, China, India … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Retaining Air Products At Neutral

Posted: 23 Apr 2012 12:23 PM PDT

We are reaffirming our Neutral rating on leading industrial-gas company Air Products and Chemicals Inc (NYSE:APD). Its first-quarter 2012 earnings of $1.36 matched the Zacks Consensus Estimate. Sales crept up 1% year over year to $2.4 billion, missing the Zacks Consensus Estimate.
Revenues increased narrowly as higher sales from Tonnage Gases and Performance Materials businesses were masked by lower equipment sales. During the quarter, Air Products reached an agreement with The Linde Group, under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Look Out Bakken, Here Comes Eagle Ford, Where Oil Production Has Almost Tripled In Last Year

Posted: 23 Apr 2012 12:11 PM PDT

Just in from the EIA:

New well starts in the Eagle Ford region in Texas increased 110% from January through March 2012 compared to the same period in 2011, according to BENTEK Energy.

Other key findings include:

Operators started drilling 856 new wells in January-March 2012 compared to 407 in January-March 2011.
In early April 2012, the Eagle Ford active rig count set a new high of 217 units.
Increased drilling translated into higher crude oil production, which is projected to average over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Drilling Rigs Scale New Peak

Posted: 23 Apr 2012 12:09 PM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to an increase in the tally of both oil and natural gas-directed rigs. In particular, the natural gas rig count climbed for only the third time in 2012, while the oil rig count scaled another record high.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Pastygate Serves Up Greggs Investment Quandary

Posted: 23 Apr 2012 09:25 AM PDT

They say that there is no such thing as bad PR and bakery group Greggs (LON:GRG) has wasted no time in trying to turn the Treasury's plans to add 20% VAT to warm pies, pasties and sausage rolls to its own advantage. While news of the tax surprise in March inevitably dented shares in the £520 million market cap company, there are still reasons to be cheerful, and no shortage of column inches to promote its products either. 
What's the story? 
With a 1,500 strong chain of stores … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 23 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, April 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
110.59
+ 0.10
110.53
110.43

Bullish

BND – Vanguard Total Bond Market ETF
83.83
+ 0.12
83.77
83.72

Bullish

DBC – DB Commodity Index Tracking Fd
27.99
− 0.18
27.99
28.04

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, April 24, 2012

Posted: 23 Apr 2012 05:03 AM PDT

By ForexMansion.com

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

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.63
− 0.72
9.73
9.81

Bearish

AXP – American Express Company
57.32
− 0.23
57.40
57.74

Bearish

BA – Boeing Co
72.86
− 0.94
73.17
73.40

Bearish

BAC – Bank of America Corporation
8.18
− 2.15
8.50
8.62

Bearish

CAT – Caterpillar Inc
106.90
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 23 Apr 2012 05:03 AM PDT

By ForexMansion.com

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

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0321
− 0.56
1.0342
1.0367

Bearish

EURUSD – Euro / US Dollar
1.3158
− 0.44
1.3157
1.3145

Bullish

GBPUSD – British Pound / US Dollar
1.6131
+ 0.03
1.6088
1.6031

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9908
− 0.09
0.9929
0.9938

Bearish

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, April 24, 2012

Posted: 23 Apr 2012 05:03 AM PDT

By ForexMansion.com

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

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1362.75
− 0.91
1372.14
1374.83

Bearish

Dow Jones – Jun YMM2
12871
− 0.90
12925
12935

Bearish

Nasdaq – Jun NQM2
2650.25
− 0.90
2676.92
2687.83

Bearish

Russell – Jun TFM2
788.80
− 1.56
796.90
801.20

Bearish

INTEREST RATES

US T-Bond – Jun ZBM2
142-23
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weighing The Evidence Of Oil And Gold Stocks

Posted: 22 Apr 2012 10:00 PM PDT

The MSCI Emerging Markets and the S&P 500 indices have increased double digits since the beginning of the year. Investors should be thrilled, but instead of cheers, the only sounds the markets are hearing are crickets. Many have been asking, where are the investors?
Since January 1, another $12 billion left U.S. stock mutual funds while about $100 billion went into bond funds. This continues a mutual fund outflow trend that has been ongoing for several months now.
After leading markets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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