Monday, December 17, 2012

DailyMarkets.com - Global Stocks Mixed, Japan Elects LDP, & Possible Fiscal Cliff Breakthrough

DailyMarkets.com - Global Stocks Mixed, Japan Elects LDP, & Possible Fiscal Cliff Breakthrough

Global Stocks Mixed, Japan Elects LDP, & Possible Fiscal Cliff Breakthrough

Posted: 17 Dec 2012 08:28 AM PST

12/17/12 Global stocks started the session mixed after Japanese election saw the pro-stimulus LDP take control. Also, the weekend saw a possible fiscal cliff breakthrough and Apple continues to take a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Quick SP500 EMA Support Check To Start The Week

Posted: 17 Dec 2012 08:24 AM PST

I wanted to do a quick update on the current support/inflection level on the S&P 500 which could set the stage for the rest of the trading week.
Let's look at the Daily "EMA Confluence" level along with the hourly intraday rising trendline pattern.

In simplest terms, the key level we're monitoring is the 1,410 level which reflects the confluence (crossing) of the 20 and 50 day exponential moving averages (1,413 and 1,412 respectively).
The last time we had a similar pattern of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Crude Oil Gains With Stocks On Fiscal Cliff Deal Hopes

Posted: 17 Dec 2012 07:46 AM PST

Crude oil prices are on the upswing amid a broad-based advance in risk appetite triggered by hopes for a US "fiscal cliff" deal. Gold prices are treading water.
Talking Points

Crude Oil Follows Stocks Higher on "Fiscal Cliff" Deal Optimism
Gold, Silver Tread Water as US Dollar Stages Shallow Recovery

Crude oil prices are on the upswing amid a broad-based recovery in risk appetite as markets look toward a resolution to the "fiscal cliff" fiasco playing out in Washington, DC. The … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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