DailyMarkets.com - Watch The Dow For A Breakout

Watch The Dow For A Breakout
Hot Option Plays: Impressive Range In Nat Gas
GE Dishwashers Recalled Over Fire Hazard
Where Wealth Thrives And Innovates
US Stocks Close On A Flat Note
Only 211 Million To Go
Summer Friday Brings Data, IPO
Taxation Hero: ExxonMobil Has Paid $1 Trillion In Taxes Since 1999, More Than 3X Its Profits
The Trend Trader For ETF Trading On Friday, August 10, 2012
The Trend Trader For Futures Trading On Friday, August 10, 2012
The Trend Trader For Stock Trading On Friday, August 10, 2012
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Posted: 09 Aug 2012 04:03 PM PDT

The Dow Jones Industrial Average appears poised for a major breakout opportunity in the days ahead. Here's the pattern to watch..

Double Inside Day
The daily chart of the Dow Jones Industrial Average ($DJI) clearly shows the index has experienced several days of range compression. A major breakout is usually the result of this type of behavior, so keep an eye on the Dow in the days ahead.
As a matter of fact, the Dow has formed a fairly rare price pattern that has a huge success rate – the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Impressive Range In Nat Gas

Posted: 09 Aug 2012 03:24 PM PDT

Cusick’s Corner 08-09-2012
As I noted in the Corner earlier today, this choppy, indecisive action left many traders on the sidelines. Consumer Discretionary, XLY, was down on the day but Housing, ITB, had a strong day which only increased the indecision of the market. The most impressive trading segment was Nat Gas, UNG, which had a huge run up ~7% from low to high, finishing the day briskly down -1%. For some this might have been a scalpers dream and for investors it was probably frustrating … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

GE Dishwashers Recalled Over Fire Hazard

Posted: 09 Aug 2012 03:02 PM PDT

08/09/12 More consumers may be sudsing up over the kitchen sink. GE appliances issued a voluntary recall of over 1 million … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Where Wealth Thrives And Innovates

Posted: 09 Aug 2012 03:00 PM PDT

A surprising wealth of information about the world's most prosperous people can be discovered in two new reports. The Chinese Millionaire Wealth Report 2012, put together by GroupM and the Hurun Report, found that there are now a million millionaires in China. On average, a Chinese millionaire is 39 years old, has an average of four luxury watches, vacations in France, and owns a business.
KPMG's The Wealth Report 2012 found that there are 18,000 centa-millionaires (those with $100 million … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Stocks Close On A Flat Note

Posted: 09 Aug 2012 01:47 PM PDT

08/09/2012 The major equity averages ended mixed and flat after fluctuating throughout the session. Mixed global data releases were digested, while CIsco’s advance supported the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Only 211 Million To Go

Posted: 09 Aug 2012 01:40 PM PDT

Via The Weekly Standard:

Only 211 million people to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Summer Friday Brings Data, IPO

Posted: 09 Aug 2012 01:34 PM PDT

08/09/12 The calendar is light on Friday, with a handful of economic data and earnings report scheduled for release. Manchester United is expected to list on the NYSE on … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Taxation Hero: ExxonMobil Has Paid $1 Trillion In Taxes Since 1999, More Than 3X Its Profits

Posted: 09 Aug 2012 12:56 PM PDT

Click table to enlarge.

In their July 2012 policy breif “Investment Heroes: Who's Betting on America's Future?” Diana Carew and Michael Mandel of the Progressive Policy Institute (PPI) recognized 25 American companies as “Investment Heroes” of 2012 for their collective investment of $136 billion in U.S. capital expenditures. Ranked as America’s third largest “investment hero” was ExxonMobil, for its $11.7 billion of investment spending in the U.S. last year building oil and natural … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards