Tuesday, May 8, 2012

DailyMarkets.com - Samsung Galaxy S3 Debuts This Summer

DailyMarkets.com - Samsung Galaxy S3 Debuts This Summer


Samsung Galaxy S3 Debuts This Summer

Posted: 08 May 2012 04:20 PM PDT

05/08/12 The next generation Samsung Galaxy S will be released in the for summer. Ahead of the highly anticipated US launch, the specs and features are already being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Wholesale Trade On Tap, EU Woes In Focus

Posted: 08 May 2012 03:20 PM PDT

05/08/12 The US economic calendar remains fairly sparse on Wednesday. Focus will be on Europe and commodity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Late Day Push

Posted: 08 May 2012 02:44 PM PDT

Cusick’s Corner 05-08-2012
Here’s one positive from today — the market was able to retake mid-term support (50-Day Moving Average) into the close and hold it. The big driver was the surge in the Energy sector, XLE -.32%, finishing the day well off their worst levels and outpacing the S&Ps in the effort to get back to break even. The increase in volume associated with this late day move was another plus as well. The Bid in the Dollar, UUP, and the Bonds, TLT, tempered the late day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Watch List For Wednesday May 9, 2012

Posted: 08 May 2012 02:28 PM PDT

 ( click to enlarge )

TriQuint Semiconductor (NASDAQ:TQNT) – Possible trend reversal taking place. The slow Sto is just turning up while the MACD is also confirming the Sto's signals as it is increasing. I expect to see a good upside move once the stock breaks through resistance now at $5.06

  ( click to enlarge )

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has been on fire the past few days and it doesn't look like the trend will change soon. The stock hit a new 52-week high of $3.49 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Vacation Planning: Doing It Right!

Posted: 08 May 2012 02:15 PM PDT

05/08/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, talks about saving for a vacation, staying within a budget, and the pros and cons of travel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Real Reason

Posted: 08 May 2012 02:11 PM PDT

In “U.S. Economy Has a ‘ Royal Straight Flush’ – Jamie Dimon,” CNNMoney reports that
when asked why, at a time of record profits, Corporate America isn’t hiring more, [JP Morgan CEO James] Dimon said American businesses had added 4 million jobs in the past two years.”
What he failed to mention, however, was that Corporate America had shed 8 million jobs in the two years before that, based on data on total private payrolls from the U.S. Bureau of Labor Statistics (i.e., Series … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Slip Below 13,000 On Europe

Posted: 08 May 2012 09:00 AM PDT

05/08/12 The Big Board closed below 13,000 Tuesday afternoon as political uncertainty in Greece raised questions over the health of the eurozone and future austerity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Anti-Keynesian Supply Side Tax And Spending Cuts In Sweden, And The Finance Minister Behind It

Posted: 08 May 2012 01:54 PM PDT

From the U.K. Spectator’s report on the amazing success of supply-side economics in Sweden, and finance minister Anders Borg, the man behind it:

“When Europe's finance ministers meet for a group photo, it's easy to spot the rebel — Anders Borg (pictured above) has a ponytail and earring. What actually marks him out, though, is how he responded to the crash. While most countries in Europe borrowed massively, Borg did not. Since becoming Sweden's finance minister, his mission has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Signs Of A Real Estate Recovery In Las Vegas

Posted: 08 May 2012 01:40 PM PDT

Las Vegas Review-Journal — “Home prices rose for the third straight month in April and the inventory of listings shrank to a five-week supply, the Greater Las Vegas Association of Realtors reported Monday. The median price for 3,185 single-family houses sold in April was $127,900, up 4 percent from the previous month and up 2.3 percent from April 2011.

It is the first time prices have increased on a year-over-year basis since August 2010, said Kolleen Kelley, president of the Realtors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Structure And Support Breakdown Update For Gold

Posted: 08 May 2012 01:20 PM PDT

One of the big headlines of today was the sharp decline and breakdown under chart-based support in Gold.
Let's take a look at what happened, what levels are important here, and what current structure reveals.
First, the intraday 30-min "Structure" Chart of Gold:

When we're assessing "Market Structure" or "Swing Structure," we simply note the progression of price highs and lows to create a reference.
Take a moment to review a recent "Multi-Timeframe Structure" lesson using … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Update: No Wage-Price Spiral If Wages Don’t Spiral

Posted: 08 May 2012 01:09 PM PDT

The graph above shows two monthly series back to 1965 (data here): a) annual wage increases in the BLS series “Average Hourly Earnings of Production and Nonsupervisory Employees: Total Private” (blue line), and b) annual inflation calculated from the Consumer Price Index (red line).  Here are some observations:

1. There has been a downward trend in annual wage increases since 2007, and wage increases have been below 2% for the last six months starting in October 2011.  

2. These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Mid-Term Support Broken

Posted: 08 May 2012 12:43 PM PDT

Cusick’s Corner 05-08-2012
As I write this the market is at its worst levels — S&Ps 1347, NDX 2596, and the Dow Jones Industrials, INDU 12,830 are all below mid-term support, 50-Day Moving Average. At this stage the market is giving back all of the April rise and if the market settles at these levels, old support is now resistance. Disciplined shorts will probably be covering into this pullback, and I say disciplined only because this is a deep pullback but with liquidity always in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Will A Euro Breakup Boost Gold And Silver Prices?

Posted: 08 May 2012 12:25 PM PDT

Greek Politicians are struggling to form a new government.   Concerns are increasing that Greece will drop out of the Euro.
Last week we spoke about the upcoming election in France where we saw a changing of the regime over the weekend.  France's new socialist leader Hollande is much more supportive of the European Central Bank intervening to boost the european economy by taxing the rich and industry.  This is at odds with Angela Merkel who faces a possible ousting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: College Degree For < $10k

Posted: 08 May 2012 11:44 AM PDT

ODESSA, TX — “Five bachelor's degrees at the University of Texas of the Permian Basin got a new price tag of $10,000 last Wednesday when the UT System board of regents approved the Texas Science Scholar Program.  The program was developed in response to Gov. Rick Perry's challenge for a "$10,000 degree" during his 2011 State of the State address. 

One year of study currently costs students in these majors $6,452, totaling $25,808 for four years. Beginning in August, UTPB … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Falls Again On EU Political Uncertainty

Posted: 08 May 2012 03:00 AM PDT

05/08/12 Front month crude prices were again in the red this morning following a slide in global equities and concerns over the health of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Wednesday, May 9, 2012

Posted: 08 May 2012 04:33 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, May 9, 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
110.79
+ 0.07
110.73
110.55

Bullish

BND – Vanguard Total Bond Market ETF
83.99
+ 0.10
83.95
83.83

Bullish

DBC – DB Commodity Index Tracking Fd
27.08
− 0.37
27.10
27.59

Bearish

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 Wednesday, May 9, 2012

Posted: 08 May 2012 04:33 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, May 9, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.21
− 1.29
9.30
9.57

Bearish

AXP – American Express Company
59.89
− 0.35
60.08
60.40

Bearish

BA – Boeing Co
75.40
− 0.74
75.65
76.39

Bearish

BAC – Bank of America Corporation
7.79
− 2.14
7.82
7.95

Bearish

CAT – Caterpillar Inc
96.49
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Wednesday, May 9, 2012

Posted: 08 May 2012 04:33 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, May 9, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0119
− 0.76
1.0175
1.0271

Bearish

EURUSD – Euro / US Dollar
1.3007
− 0.33
1.3051
1.3148

Bearish

GBPUSD – British Pound / US Dollar
1.6158
− 0.18
1.6164
1.6198

Bearish

USDCAD – US Dollar / Canadian Dollar
0.9987
+ 0.57
0.9950
0.9906

Bullish

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


The Trend Trader For Futures Trading On Wednesday, May 9, 2012

Posted: 08 May 2012 04:33 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, May 9, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1358.50
− 0.53
1362.42
1378.58

Bearish

Dow Jones – Jun YMM2
12867
− 0.71
12934
13064

Bearish

Nasdaq – Jun NQM2
2622.75
− 0.52
2630.03
2667.92

Bearish

Russell – Jun TFM2
791.70
− 0.14
789.63
800.33

Neutral

INTEREST RATES

US T-Bond – Jun ZBM2
144-15
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


A Bottom For Gold And Gold Stocks?

Posted: 07 May 2012 12:47 AM PDT

Mark Hulbert wrote last week that his measures of gold timer sentiment was very washed out, which indicated the possibility of a bottom for gold and gold stocks soon:
Consider the average recommended gold market exposure among a subset of the shortest-term gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI).

When I wrote about gold sentiment two months ago, this average stood at 16.7%. Today, in contrast, it is at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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