Tuesday, October 9, 2012

DailyMarkets.com - Stocks See Triple-digit Drop, Financials Slide On Stress Test Changes

DailyMarkets.com - Stocks See Triple-digit Drop, Financials Slide On Stress Test Changes

Stocks See Triple-digit Drop, Financials Slide On Stress Test Changes

Posted: 09 Oct 2012 10:08 AM PDT

10/09/12 Stocks were trading near session lows Tuesday on the combination of worries over global economic growth, the IMF cutting the global growth forecast, and an approved change to U.S. bank stress test procedures. Also, financials slip and … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Coal Stocks Gaining Momentum

Posted: 09 Oct 2012 02:32 PM PDT

( click to enlarge )

Alpha Natural Resources, Inc.(NYSE:ANR) broke through its short term resistance level of $7.12 on solid volume and looks ready to go higher. The stock could touch an upside target of $8.1 in the short term. Looking at the technical chart we start to see now some signals of rebound as the chart shows positive momentum is back. In addition, the 20-day moving average recently crossed on top over 50 day moving average which is a very positive sign. Short-term outlook for the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Contrarians At Work

Posted: 09 Oct 2012 02:17 PM PDT

Cusick’s Corner 10-09-2012 After Hours
This was a contrarian’s day – Apple (NASDAQ:AAPL) fought back into the last hour then gave that battle all back and more, but in spite of AAPL’s pullback to $635, it’s still rather hard to get bearish. This took the confidence out of the market and thus the bulls were again challenged into the close but this was not a move that signaled that the bulls were giving up. Financials, XLF, followed suit after a headline that Wells Fargo was slapped with a mortgage … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The Golden Years: Is A Solo 401(k) Right For You?

Posted: 09 Oct 2012 12:25 PM PDT

10/09/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, explains the basics of a Self-directed Solo 401(k) … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Vol On The Move

Posted: 09 Oct 2012 12:17 PM PDT

Cusick’s Corner 10-09-2012 Midday
The overnight and early morning action set the negative tone and Tech continues to lead the way to the downside. Tech bellwether Apple (NASDAQ:AAPL) continues to struggle, down again today and in total -10% from the all-time highs of $702 which does not bode well for further upticks. As I mentioned yesterday, the Semis, SMH, continue to struggle with Intel (NASDAQ:INTC) and TSM, TXM, ASML, BRCM — 45% of this ETF are all down ~2%. For those who trade solar stocks, keep … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Quiet Gold Market

Posted: 09 Oct 2012 11:18 AM PDT

Tuesday, October 9, 2012
Gold futures remain within earshot of the key psychological and technical level of 1800, but have failed to break through. Fundamentally, a stronger US Dollar and economic concerns have prevented prices from garnering enough momentum to finally break through the key level. Equity prices also have hit a brick wall, offering no outside market support. This is earnings season, which suggests that stock prices could be volatile in the weeks ahead. Technically, the 1800 mark … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Serbia Raises Rate To 10.75%, Warns Of Further Hikes

Posted: 09 Oct 2012 11:04 AM PDT

    The central bank of Serbia raised its key policy rate by another 25 basis points to 10.75 percent, its fourth increase this year, to push down inflation, already significantly above the bank´s target range.
    The National Bank of Serbia (NBS) also held out the prospect of further interest rate rises, saying the “degree of future monetary policy restrictiveness in the coming period will depend on the success in containing inflation expectations, the impact of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

IMF: The Rise Of Asia In A Changing Global Economy

Posted: 09 Oct 2012 11:03 AM PDT

10/09/12 Despite the pressures that several of its economies are facing, Asia has grown faster than any region over the last few years. In this IMF video package presented at the 2012 annual meeting in Tokyo, Asia is predicted to have an … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Polcari: “Macro Issues Finally Taking Its Toll”

Posted: 09 Oct 2012 10:54 AM PDT

10/09/12 ICAP Equities’ Kenneth Polcari talks about the latest reductions in global growth forecasts, the September US jobs report and near-term and medium-term … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Rebounds On Supply Concerns

Posted: 09 Oct 2012 09:02 AM PDT

10/09/12 Oil prices saw a modest rebound Tuesday on supply concerns that included the Syrian conflict and shipment delays of North Sea … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Midweek Calendar: Fed’s Beige Book, Costco Earnings

Posted: 09 Oct 2012 08:39 AM PDT

10/09/12 Wednesday’s calendar brings a handful of economic data, Fed speeches and earnings. Alcoa’s results will be digested across the globe overnight and into the US trading … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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