Friday, August 3, 2012

DailyMarkets.com - A Major Turning Point For Gold, Silver And U.S. Treasuries

DailyMarkets.com - A Major Turning Point For Gold, Silver And U.S. Treasuries

A Major Turning Point For Gold, Silver And U.S. Treasuries

Posted: 03 Aug 2012 09:52 AM PDT

We have always regarded the markets as a grand casino subject to the manipulations of the Croupier and the House. This being said it is only rational to react in the face of the irrational. I remember speaking to a floor specialist who informed me that he reads the same price charts that most technicians do. This means we should be careful of any traps or head-feints at this critical juncture.

No doubt the patterns tell us that we are testing support levels and that technical damage has … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Dow Recovers 13K After Jobs Report

Posted: 03 Aug 2012 08:56 AM PDT

08/03/12 US equity averages soared following the release of a better-than-expected NFP report. The July unemployment rate ticker higher to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Is There Still Room For A Bullish Run In Natural Gas Futures?

Posted: 03 Aug 2012 08:21 AM PDT

Friday, August 3, 2012
A higher than expected storage build last week (+ 28 bcf vs. + 23 bcf estimate) sent front month futures below $3. However, Gas in storage is only 14.5% above the 5-year average, vs. 60% above back in March and limits concerns of a storage glut going into winter. Some traders may wish to see if Thursday’s close below the recent uptrend line on the daily chart is nothing more than a “bear trap” or a signal that the recent up-move may be near an end.
Fundamentals
The nearly … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

USD Mixed After Jobs Report

Posted: 03 Aug 2012 07:20 AM PDT

08/03/2012 The USD rose to a two-week high vs the JPY after the July jobs report. EUR/USD soared over 1%, retracing losses after prior session … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Triple Index Trend Channel Surfing Update August 3

Posted: 03 Aug 2012 07:17 AM PDT

From a chart perspective, the big news is that the main US Equity Indexes continue to trade within the clear trendline boundaries of a parallel trendline channel.
Let's take a quick look at the new boundaries and structural levels to watch after another successful week in the pattern.
First, the S&P 500 Daily Chart:

As mentioned in the July 24 update, the S&P 500 STILL continues to trade within the established boundaries from the rising parallel trendline pattern.
Above any other … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

My Focus On Exports Not Employment

Posted: 03 Aug 2012 06:50 AM PDT

The monthly jobs report came out and is viewed as slightly better than expected but provides both sides of the political debate sufficient fodder to spin it to their advantage.
While equity markets want to put a happy face on the report (an increase in non-farm payroll of 163,000 jobs along with an uptick in the unemployment rate to 8.3%), I have little real confidence in the report signaling meaningful improvement in our economy.
Why am I concerned that our economy is poised to slow and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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