DailyMarkets.com - Stocks Climb To Another Record High On Beige Book

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• Stocks Climb To Another Record High On Beige Book
• Gold Explorers In Right Location Will Survive
• West African Central Bank Cuts Rate 25 Bps To 3.75%
• Poland Sees Inflation Contained By Moderate Growth
• Canada Holds Rate, Current Stance Right For “period Of Time”
• Oil Prices Dip On Inventory Spike
• Yen Dips Vs. Dollar, Hits Lowest Level Since May 2010
• Willis: “Dow Rally Confirms Main Street Investor Needs To Be In Stock Market”
• March 6 Structure Triangle And Breakout Update On SP500 And Dow Jones
• Hot Option Plays: Let It Snow After Hours
• Hot Option Plays: Dictator Gone, What Will Crude Do? Midday
• Global Stocks Jump, Continue Rising After Dow Hits Record High
• Central Banks Take Center Stage On Thursday
• Wall Street Treks Higher, Dow Breaks 14,300 Level

Stocks Climb To Another Record High On Beige Book Posted: 06 Mar 2013 09:31 AM PST 03/06/13 Stocks climbed in a choppy trading session Wednesday, with the Dow Jones hitting another record high, after the Fed’s Beige Book showed that the U.S. economy expanded at a modest … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gold Explorers In Right Location Will Survive Posted: 06 Mar 2013 02:01 PM PST In ancient Greece, farmers would plant crops based on prophecies from an oracle.  Today investors look to spreadsheets and minute by minute charts to try to predict the future.  Trying to be a prophet is an unprofitable occupation.  The secret to wealth is buying wholesale, waiting and hopefully selling it retail. We all love sales and discounts when prices drop for fast food, clothing or cars.  However, when it comes to mining stocks investors look for momentum and major … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

West African Central Bank Cuts Rate 25 Bps To 3.75% Posted: 06 Mar 2013 02:00 PM PST     The Central Bank of West African States (BCEAO) cut its benchmark marginal lending rate by 25 basis points to 3.75 percent in light of moderate inflation and weak global demand.     The central bank, which has held its rates steady since June 2012 when it cut by 25 basis points, said inflation expectations over the medium term are in line with the bank’s objective, with inflation forecast at 1.5 percent year-on-year in the fourth quarter of 2013.     “Factors … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Poland Sees Inflation Contained By Moderate Growth Posted: 06 Mar 2013 01:20 PM PST     Poland’s central bank continued to cut interest rates earlier today, saying economic growth is expected to remain moderate, even if it picks up in coming quarters, and this will restrain inflation.     The National Bank of Poland (NBP), which has cut rates by 150 basis points since embarking on an easing cycle in November 2012, said these rate cuts “will allow inflation to run close to target in the medium term and at the same time supports recovery of the Polish … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Canada Holds Rate, Current Stance Right For “period Of Time” Posted: 06 Mar 2013 12:44 PM PST     Canada’s central bank left its target for the benchmark overnight rate steady at 1.0 percent, as expected, saying its current accommodative policy stance is appropriate for the time being given the slack in the economy, the muted outlook for inflation and a better balance in household finances.     But the Bank of Canada (BOC) added its “considerable monetary policy stimulus” will still have to be withdrawn at some point to meet its 2.0 percent inflation target, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Prices Dip On Inventory Spike Posted: 06 Mar 2013 05:50 AM PST 03/06/13 Crude oil futures fell to the lowest level of the session during U.S. morning hours on Wednesday, re-approaching a six-week low after a U.S. government report showed oil supplies rose by 3.8 million barrels last week, a lot … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Yen Dips Vs. Dollar, Hits Lowest Level Since May 2010 Posted: 06 Mar 2013 05:48 AM PST 03/06/13 The yen fell against the dollar, trading at almost the weakest since May 2010, as a private report showed U.S. companies added more workers than forecast in February, hurting demand for safer-haven … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Willis: “Dow Rally Confirms Main Street Investor Needs To Be In Stock Market” Posted: 06 Mar 2013 10:34 AM PST 03/06/13 Albert Fried & Company’s Ben Willis talks about the stock market rally and why a pullback is “healthy. Expectations for the US jobs report and the impact of the sequester are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

March 6 Structure Triangle And Breakout Update On SP500 And Dow Jones Posted: 06 Mar 2013 10:28 AM PST The S&P 500 continues to trade within a well-defined broadening triangle pattern while the Dow Jones broke above a key rectangle resistance pattern along with a smaller triangle pattern, according to market structure. Let's view the Triangle Boundaries on the S&P 500 along with the updated 'breakout impulse' structure on the Dow Jones. The broader 30-min intraday chart shows not just the current triangle/broadening pattern, but also the progression in structure that brought us to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Let It Snow After Hours Posted: 06 Mar 2013 10:18 AM PST Cusick’s Corner 03-04-2013 After Hours Until there’s any challenge to mid-term support, the trend remains up. So what we need to watch in the mid-term, our canaries, the Small- and Mid-Caps. As mentioned last week, if weakness or strength is going to take hold then these should chirp first. A break in the Small Caps, IWM, $89 on the downside could signal a short- to mid-term trend change and should be respected. Well, we are expecting the biggest snowstorm of the year in Chicago. See you … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Dictator Gone, What Will Crude Do? Midday Posted: 06 Mar 2013 10:18 AM PST Cusick’s Corner 03-06-2013 Midday As I said last night, do not get to complacent but also don’t fight the tape. Meaning that this is not the time to chase, could consider nibbling on pullbacks but definitely not chase. Now if there is a pullback like we saw last week then it is also not panic time either. I saw quite a bit of retail put buying on that pullback which was one of the reasons I mentioned that trend support was still holding and the canaries, Small Caps like IWM/RUT were not … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Stocks Jump, Continue Rising After Dow Hits Record High Posted: 06 Mar 2013 04:19 AM PST 03/05/13 Global equities continued to rise Wednesday morning just one day after the Dow Jones managed to hit an all-time high. Adding o the gains was German GDP expansion and an addition of private sector payrolls in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Banks Take Center Stage On Thursday Posted: 06 Mar 2013 08:11 AM PST 03/06/13 Central bank rate announcements from the BOJ, BOE and ECB will be closely watched on Thursday. Weekly jobless claims are set for release along ahead of Friday’s US jobs … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Treks Higher, Dow Breaks 14,300 Level Posted: 06 Mar 2013 07:51 AM PST 03/06/13 US stocks extended gains, adding to gains from Tuesday’s rally. The ADP report showed that the private sector expanded by … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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