Thursday, January 24, 2013

DailyMarkets.com - Central Bank News Link List – Jan. 25, 2013: Brazil Central Bank Signals More Interest Rate Cuts Unlikely

DailyMarkets.com - Central Bank News Link List – Jan. 25, 2013: Brazil Central Bank Signals More Interest Rate Cuts Unlikely

Central Bank News Link List – Jan. 25, 2013: Brazil Central Bank Signals More Interest Rate Cuts Unlikely

Posted: 24 Jan 2013 04:41 PM PST

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Brazil central bank signals more interest rate cuts unlikely (Reuters/CNBC)
Brazil central bank head defends inflation policy stance in Davos (Reuters)
Merkel says Japanese yen, central bank … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Starwood Hotels Is Ready To Move

Posted: 24 Jan 2013 04:39 PM PST

Starwood Hotels & Resorts (HOT) is testing significant resistance, and could be on the verge of a major move ahead. Here's why…
Resistance at $61

The daily chart shows HOT is currently testing a significant area of resistance at the $61 level. As a matter of fact, this level has been resistance for two years, and every test at this level has led to several stern rejections.
In 2012, the average move away from the $61 level was 20%, so we could be on the verge of a similar move very … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Denmark Raises Key Rates As Safe Haven Appeal Wanes

Posted: 24 Jan 2013 04:28 PM PST

    The Danish central bank, which aims to keep its currency stable against the euro, has raised its key interest rates following the sale of foreign exchange to support the krone, a sign that euro zone investors are no longer anxious to seek safe haven in the Scandinavian country.
    The benchmark lending rate, which was cut to a record low last July, was raised by 10 basis points to 0.30 percent and the rate on certificates of deposit was raised to minus 0.10 percent … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

SP500 Market Structure Moving From Stability To Instability

Posted: 24 Jan 2013 03:18 PM PST

I wanted to show a quick chart that tracks the progression in terms of S&P 500 Market Structure moving from clear to unclear – from stability to instability.
Let's see what I mean starting with the 30-min intraday structure of the S&P 500:

Market Structure give us a quick glance of the progression and strength of a trend in motion and it helps us put our intraday trades in the context of pro-trend or counter-trend opportunities.
The simplest way to assess structure is to connect … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: The Tale Of Two Markets After Hours

Posted: 24 Jan 2013 03:17 PM PST

Cusick Corner 01-24-2013 After Hours
Today was the tale of two markets. The Tech sector was hit, AAPL down -12.35% which pulled down QQQ -1.38% while the blue chips were up on good claims data, DJX +.33%. We also had the S&Ps pullback from highs that we have not seen since 2007, SPX hit 1502. So now we are looking at a weak NASDAQ and a neutral Dow and S&P500. With Volatility right off its lows and earnings coming in mixed, the fear to chase at this stage is leaving quite a few … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks End Higher, Again, Despite Tech Sector Woes

Posted: 24 Jan 2013 09:23 AM PST

01/24/13 Stocks were higher Thursday afternoon, led by tech stocks as Apple’s results continued to weigh on the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

AAPL Update

Posted: 24 Jan 2013 01:08 PM PST

A friend asked last night whether it might be time to jump on AAPL, now that it's dropped so precipitously.  I referred him back to a piece I'd written early last November when the stock was at 563 entitled "AAPL … Continue reading … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Quick Comparison Of SP500 Breakouts And Outcomes

Posted: 24 Jan 2013 01:05 PM PST

With the S&P 500 recently breaking to new recovery highs above 1,474 and continuing unopposed to the initial 1,500 target, I thought it would be a good exercise to chart prior S&P 500 breakouts to new recovery highs and look at the outcome of these events.
Starting with the 2011 breakout above 1,220, there have been four similar breakouts as seen on the weekly chart:

I connected the breakout high to the absolute price high of the rally in an attempt to compare price movement and time … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

National Union Membership Shrinks

Posted: 24 Jan 2013 12:24 PM PST

01/24/13 The percentage of American union workers fell to its lowest rate since 1916. The Bureau of Labor Statistics data showed union membership slipped to 11.3% in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Uranium And Rare Earths Should Rebound On China Rally

Posted: 24 Jan 2013 11:20 AM PST

We notice with interest that the popular media is ignoring the World Trade Organization case against China for restricting exports of critical materials which has a significant impact on the global economy.
These critical metals are not only crucial for your Ipads and smart-phones, but for our top secret, most advanced weaponry.  Looking for substitutes for rare earths has proven to be a poor return for investment.  For fifty years they have been trying to find alternatives only to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Earnings, Housing Data Wrap Up Week

Posted: 24 Jan 2013 08:50 AM PST

01/24/13 The holiday-shortened week comes to a close with a smattering of earnings reports and a handful of global economic data … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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