DailyMarkets.com - Every Trading Range Is Not A Reversal Top

Every Trading Range Is Not A Reversal Top
Brazil Cuts Key Rate To 7.50%, Cautious About Next Move
Hot Option Plays: Watching The Chips
Political Nitwitery In Michigan
Beep-Beep
Markets In Everything: An Ingestible Sensor That Sends Health Information To Your Phone
Breakout Move In Silver Forecasting Global Hyper-Inflation
Stocks Steady After Beige Book
Private-Sector Real GDP Grew By 3.3% Over The Last Year Through Q2, Equal To Post-1947 Average
Campbell’s Says “Mmm Mmm Good” To Warhol
2012: The Year Of The Housing Recovery, Part III
Jobless Claims, Chain Store Sales On Tap
The Trend Trader For Futures Trading On Thursday, August 30, 2012
The Trend Trader For ETF Trading On Thursday, August 30, 2012
The Trend Trader For Forex Trading On Thursday, August 30, 2012
The Trend Trader For Stock Trading On Thursday, August 30, 2012

Every Trading Range Is Not A Reversal Top

Posted: 29 Aug 2012 04:45 PM PDT

One of the "Talking Heads" regularly trotted out by CNBC to share his wisdom is Dennis Gartman. He usually makes some sort of esoteric, useless recommendation like "I'm not buying gold in Dollars but am buying it in [Australian Dollars, … Continue reading ... [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Brazil Cuts Key Rate To 7.50%, Cautious About Next Move

Posted: 29 Aug 2012 04:35 PM PDT

The central bank of Brazil cut its benchmark Selic rate by 50 basis points to a record low 7.50 percent, as widely expected, but said it would be extremely cautious with further rate cuts.
“Considering the cumulative and lagged effects of policy actions implemented so far, which partly reflected the ongoing recovery in economic activity, the Committee believes that, if the prospective scenario were to include a further adjustment in monetary conditions, this … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Watching The Chips

Posted: 29 Aug 2012 03:11 PM PDT

Cusick’s Corner 08-29-2012
There is not much to say about the action today. With the consumer, XLY/XRT, still performing well and domestic economic data stable, it makes it hard to believe that the comments from the Fed will deliver what the “QE-ers” want to hear and again this plays into a grinding type of market. One offensive sector that is challenging support is Semiconductors, SMH. This has transpired in spite of a parabolic run in Silver, SLV, and strength in Tech overall. A break $32.5 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Political Nitwitery In Michigan

Posted: 29 Aug 2012 02:46 PM PDT

As I mentioned previously, a Michigan state representative wants to cap ticket prices sold on the secondary market for concerts and sporting events to 10% above face value. I’ve argued before on CD that if the 10% price cap applied to tickets sold in the primary market, it would basically put Ticketmaster out of business, since its fees are often in the 20-25% range. But that’s not Rep. Geiss’s target – he’s upset about tickets sold on Seat Geek, Stub Hub, eBay, Craigslist, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Beep-Beep

Posted: 29 Aug 2012 02:41 PM PDT

A picture speaks a thousand words (or maybe only two)…?

(Images: http://www.businessinsider.com/corporate-profits-finally-top-out-2012-8, http://moneymattersblog.com/lpl-financial-research/weekly-market-commentary-may-9-2011/, http://www.businessinsider.com/henry-blodget-hows-our-bear-market-doing-2009-6, and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Markets In Everything: An Ingestible Sensor That Sends Health Information To Your Phone

Posted: 29 Aug 2012 02:27 PM PDT

From Springwise.com: “Just cleared by the FDA late last month, this new ingestible sensor from California-based Proteus Digital Health is about the size of a grain of sand and can be integrated into an inert pill or medicine. Once in the stomach, it is powered solely by contact with stomach fluid and communicates a unique signal that identifies the timing of ingestion. This information is transferred through the user's body tissue to a battery-operated patch worn on the skin that detects … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Breakout Move In Silver Forecasting Global Hyper-Inflation

Posted: 29 Aug 2012 02:14 PM PDT

Turmoil in Peru, Mexico, Argentina and Bolivia is adding to the world's already existing shortage of silver. This supply crunch is combined with rising political uncertainty in Egypt, Syria and Iran and economic malaise in the EU and the United States which is causing investment demand for silver to rise exponentially. China is flexing its muscles in the South China Seas and is covertly importing silver to hedge against major declines in the U.S. dollar. Recently we … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Steady After Beige Book

Posted: 29 Aug 2012 01:46 PM PDT

08/29/12 Stocks ended flat Wednesday following the release of the Beige Book and light trading … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Private-Sector Real GDP Grew By 3.3% Over The Last Year Through Q2, Equal To Post-1947 Average

Posted: 29 Aug 2012 01:26 PM PDT

Graph, post and title have been updated to reflect the 3.26% average growth rate in private GDP since 1947.

The chart above shows annualized growth rates for: a) the quarterly, non-government, private-sector components of real GDP (personal consumption expenditures, gross private domestic investment, and net exports), see blue bars in chart, and b) the quarterly component of real GDP for public-sector “government consumption expenditures and gross investment” (brown bars), from 2000 to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Campbell’s Says “Mmm Mmm Good” To Warhol

Posted: 29 Aug 2012 01:19 PM PDT

08/29/12 Campbell’s Soup will offer Andy Warhol-inspired cans of condensed tomato soup. The limited edition cans will cost 75 cents each at Target … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

2012: The Year Of The Housing Recovery, Part III

Posted: 29 Aug 2012 11:19 AM PDT

More positive housing data:

1. The National Association of Realtors (NAR) reported today that its Pending Home Sales Index (PHSI) rose by 12.4% in July above a year ago, and reached the highest level since April 2010 when buyers rushed to take advantage of the first-time homebuyer tax credit that expired that month. The PSHI is a leading indicator of future housing sales activity based on contract signings for existing homes. July’s year-over-year increase in the PHSI was the 15th … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Jobless Claims, Chain Store Sales On Tap

Posted: 29 Aug 2012 07:38 AM PDT

08/29/12 Weekly jobless claims and personal income & spending are on the economic calendar for Thursday. Chain stores sales from retailers will also be closely … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards