Wednesday, April 17, 2013

DailyMarkets.com - The Apple Inc Crash

DailyMarkets.com - The Apple Inc Crash

The Apple Inc Crash

Posted: 17 Apr 2013 05:11 PM PDT

If walks like a duck, and quacks likes a duck then it’s a duck. So is the Apple Inc crash.

The sell down is a crash. In time and price movement. Moral of the story, don’t marry your portfolio as divorce is tough.

Gann Angles are excellent for price and time studies, how fast is price moving relative to time, or in other words a ‘speed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Brazil Raises Key Rate 25 Bps To 7.5% Without Policy Bias

Posted: 17 Apr 2013 04:33 PM PDT

    Brazil’s central bank raised its benchmark Selic rate by 25 basis points to 7.50 percent in response to a “high level of inflation,” but added that it would be cautious in any further changes to monetary policy due to domestic and external uncertainty and did not issue a bias in its future policy direction.
    The Central Bank of Brazil said its policy committee, known as Copom, voted by six to two to raise the key interest rate, the first change in rates since November … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Silver Breaks Down On Gold, China

Posted: 17 Apr 2013 04:17 PM PDT

Tuesday, April 16, 2013
Many traders’ appetites for precious metals have greatly diminished, resulting in sharp selling in Silver. Silver prices felt pressure as both a precious and industrial metal. Base metals prices have fallen off sharply, with Nickel trading at 8-month lows,while Copper is at 18-month lows. Chinese industrial production has been slowing, which will likely hurt demand for Silver used in electronics. Fears that central banks may be swapping precious metals reserves in favor … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodity-wide Bear Market Spurred By Slower Global Growth Prospects

Posted: 17 Apr 2013 04:17 PM PDT

Wednesday, April 17, 2013
Commodity markets were not the only assets hard hit, with the so-called “commodity currencies”, such as the Australian and Canadian Dollars, were hit hard, as many traders feared slower growth forecasts for 2013 due to lower commodity prices. Ironically, the weakest of the “majors” — the Japanese Yen — has recovered some of the recent steep losses, as this favorite market of bearish traders is in the midst of short-covering buying tied mainly to the long liquidation … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For April 18, 2013

Posted: 17 Apr 2013 02:25 PM PDT

( click to enlarge )

BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) rebounded from the support line located at $1.76 and closed the day near the highs, gaining 6.18% on the session. I’m watching the stock to breakout the resistance level at $2.21. The technical indicators still indicate a bullish tone in short-term.

( click to enlarge )

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) showed some strength today despite the market was down. We could see more upside tomorrow on this stock. The resistance … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow Dips On Earnings, Commodity Drop

Posted: 17 Apr 2013 02:07 PM PDT

04/17/13 Stocks maintained sharp losses Wednesday afternoon, with the Dow Jones down nearly 150 points, as commodity prices dropped and following weaker-than-expected … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

April 17 Triple Index Checkup On Sudden Shift In Market Structure

Posted: 17 Apr 2013 01:43 PM PDT

Let's take a quick check of our ongoing view of Market Structure, which we last updated in our April 10 "Interesting Breakout Structure" update.  We can now see the resolution of the "interesting" situation that developed recently.
We'll start with the @ES Futures (SP500 Index):

In the prior update, we viewed the market pushing into the upper trendline mid-April and we see a 'trap' breakout on clear negative divergences set the stage for the recent sell-off or decline back … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Rises, Euro & Yen Retreat

Posted: 17 Apr 2013 11:59 AM PDT

04/17/13 The yen fell against the dollar on Wednesday with traders seeing little chance that Japan’s G20 will make a significant stand against aggressive monetary … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Nikkei Rises, Europe Tanks

Posted: 17 Apr 2013 06:44 AM PDT

04/17/13 Asian markets were mixed overnight with the Nikkei up 1.2% on yen weakness. Meanwhile, Europe is selling off on Cyprus and a jump in UK … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Drops 1% Before Inventory Data

Posted: 17 Apr 2013 11:34 AM PDT

04/17/13 Crude oil fell below $88 a barrel today, just one day after the International Monetary Fund lowered its outlook for global … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Earnings Deluge Continues On Thursday

Posted: 17 Apr 2013 11:22 AM PDT

04/17/13 Thursday’s calendar is packed with earnings reports, economic data and Fed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Taking Away QE Is Taking Away Punch Bowl

Posted: 17 Apr 2013 10:38 AM PDT

04/17/13 Knight Capital Americas’ Mark Otto talks about the global growth outlook, national security concerns and technical levels for the S&P … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

IShares Dow Jones U.S. Technology Sector Index Fund (IYW) : Short Sell @ $70.50

Posted: 17 Apr 2013 10:18 AM PDT
at

No comments:

Post a Comment