Daily Markets - Financial News & Opinions

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• Analysis Of Gold, Natural Gas And US Dollar Trends For The Coming Weeks
• Equity Markets Head For A Strong End To 2009
• Don’t Be Deceived By The US Housing Market’s False Bottom
• Forex Trading: GBPUSD Rally Continues Today. Boosted By Better Data, Continued Covering. Resistance Tested At 1.6232.
• A Hell Of A Decade
• Forex Trading: EURUSD Boosted Overnight And Holding Support. So Watch Support For Trading Clues.
• Indian Stock Market: Goodbye To A Decade Of 250% Gains
• “Financial Reform” Is Nothing More Than Wall Street’s Secret Agenda To Eliminate Competition
• Mutual Funds: Top Technology Equity Funds
• Stock Buy: Whirlpool Corp.
• Bull Of The Day: PetroChina
• Stock Buy: Trina Solar Ltd
• Stock Buy: RadioShack Corporation
• Bear Of The Day: Kroger Company (KR)

Analysis Of Gold, Natural Gas And US Dollar Trends For The Coming Weeks Posted: 31 Dec 2009 05:45 AM PST Well, here we are with only hours left before the year is over. Virtually every investment is up other than the US dollar. Not much has changed since my last gold market trends report. But I have provided some interesting charts that show us what is possible in the coming weeks for the dollar, gold and natural gas. US Dollar Trend Analysis - Resistance Levels The dollar has shown some strength in the past month. It was a no brainer trade for 2009. You were either long gold or short the … [visit site to read more]

Equity Markets Head For A Strong End To 2009 Posted: 31 Dec 2009 05:42 AM PST The final trading day of 2009 has kicked off with a strong equity market performance across Asia (Hang Seng +1.75%, Shanghai Composite +0.45%); sealing the biggest annual gain for Asian stocks since 2003. The rally in equity markets globally has been extremely impressive in the past 12 months; with the MSCI World Index set for a 27% annual gain, and benchmark indices for the BRIC economies up by even more astonishing figures; Brazil’s Bovespa +82.7%, Russia’s RTS +127.1%, India’s Sensex +81.7%, … [visit site to read more]

Don’t Be Deceived By The US Housing Market’s False Bottom Posted: 31 Dec 2009 04:12 AM PST Existing home sales surprised the markets by rising 7.4% to an annual rate of 6.54 million units in November, the highest since February 2007, according to the National Association of Realtors (NAR). That’s only 10% below the all-time peak in 2005. What’s more is that house prices, as measured by the S&P/Case-Shiller 20-city Home Price Index, rose for the fourth consecutive month in September before stabilizing in October when prices were flat. The NAR is inevitably convinced … [visit site to read more]

Forex Trading: GBPUSD Rally Continues Today. Boosted By Better Data, Continued Covering. Resistance Tested At 1.6232. Posted: 31 Dec 2009 04:02 AM PST The GBPUSD was supported this morning by better Home Price data this morning.  The short squeeze is also continuing to boost the price as traders square up positions before the New Year.  The price move higher is now testing the 38.2% retracement of the move down from the high in November at the 1.6876 level and the low reached just yesterday at the 1.5832 level. The level comes in at the 1.6231 level.  Look for profit taking sellers at the level.  However, be careful … [visit site to read more]

A Hell Of A Decade Posted: 31 Dec 2009 03:46 AM PST In its recent look back on the first ten years of the century, Time Magazine proclaimed the period to be “the decade from hell.” The editors made their case based on what they saw as the signature events of the last ten years, notably the ravages of terrorism, failed wars, and a global financial crisis. Taken together, these factors produced an era that Time is convinced will be remembered as one of the low points in our history. As the media hates to dwell on the negative, the commentary … [visit site to read more]

Forex Trading: EURUSD Boosted Overnight And Holding Support. So Watch Support For Trading Clues. Posted: 30 Dec 2009 10:39 PM PST The EURUSD has been testing the 100 bar moving average since yesterday afternoon and in early NY trade, the pattern has continued.  The 100 bar moving average comes in at the 1.4400 level currently.  The price tested the MA on no fewer than six occasions.  The trade for the day is if the price stays above the MA, bullish. If it falls below bearish, and look for momentum on the break with a test of the 200 bar moving average the next target (currently at the 1.4374 … [visit site to read more]

Indian Stock Market: Goodbye To A Decade Of 250% Gains Posted: 31 Dec 2009 03:31 AM PST The last day of 2009 and for that matter this decade saw Indian markets trade well above the dotted line throughout the session and close strongly into the positive. While the BSE Sensex closed higher by around 120 points (up 0.7%), the NSE Nifty gained around 30 points (up 0.6%). The BSE Midcap and BSE Smallcap indices also registered gains of around 0.3% and 0.6% respectively. While capital goods and auto stocks led the pack of gainers, FMCG and healthcare stocks were at the … [visit site to read more]

“Financial Reform” Is Nothing More Than Wall Street’s Secret Agenda To Eliminate Competition Posted: 31 Dec 2009 12:01 AM PST Anti-Wall Street sentiment makes for a good cover, but behind the scenes and rhetoric, legislators are working with the country’s largest financial firms to fashion a new system that concentrates even more risk and reward at fewer banks. And what’s more, the underlying socialization of the system will guarantee the success of excess with the full faith and credit of taxpayers. On Dec. 11, the U.S. House of Representatives passed the Wall Street Reform and Consumer Protection Act of … [visit site to read more]

Mutual Funds: Top Technology Equity Funds Posted: 30 Dec 2009 05:16 PM PST Today we are featuring top-performing "Technology ” equity mutual funds, which primarily invest in equity securities of advanced technology companies. Investors can find such funds by checking out the entire list of Zacks #1 Rank Technology Equity Funds. 3 Hi-Tech Choices DWS Technology Fund A (KTCAX) seeks growth of capital. It was incepted in September 1948. The fund invests at least 80% of net assets in common stocks of US companies in the technology sector. In order to conform to this … [visit site to read more]

Stock Buy: Whirlpool Corp. Posted: 30 Dec 2009 04:00 PM PST Whirlpool Corp. (WHR) has had a great year in spite of the challenging consumer environment, relying on cost cutting and growing international exposure to produce strong earnings. Company Description Whirlpool Corp. develops and manufactures home appliances worldwide. The company was founded in 1906 and has a market cap of $6.05 billion. The weak consumer environment hasn’t stopped shares of WHR from posting big gains in 2009, fueled by the company’s better than expected Q2 results from early … [visit site to read more]

Bull Of The Day: PetroChina Posted: 30 Dec 2009 04:00 PM PST We are upgrading PetroChina (PTR) ADRs to Outperform from Neutral, reflecting the company’s leverage to the fast-growing Chinese market and the turnaround in commodity prices. Being one of the two Chinese integrated oil companies, PetroChina is well-positioned to capitalize on these favorable trends. We also like the company’s recent foray in the oil sands business through its $1.8 billion acquisition of majority stakes in two Canadian projects. Attractive growth prospects in the downstream … [visit site to read more]

Stock Buy: Trina Solar Ltd Posted: 30 Dec 2009 04:00 PM PST Trina Solar Ltd. (TSL) continues to soar on upward estimate revisions after announcing excellent quarterly results. Company Description Trina Solar makes solar modules. The company offers products from residential to industrial use and operates out of China. Revenue Up 67% Trina reported third-quarter results on Nov 19 that showed a 67% sequential increase in revenues, to $250 million. This is down about 14% year-over-year. Additionally, the company improved its margins and produced net … [visit site to read more]

Stock Buy: RadioShack Corporation Posted: 30 Dec 2009 04:00 PM PST RadioShack Corporation (RSH) has surprised on estimates 2 out of the last 4 quarters by an average of 19.49%. RSH is trading with a forward P/E of 12.34. Company Description RadioShack is an electronics retailer with about 4,470 company-operated stores, 1,300 dealer outlets and 450 wireless phone kiosks throughout the U.S. as well as 200 company-operated stores in Mexico. iPhone Expected to Boost RadioShack In November, RadioShack announced it would begin selling Apple’s iPhone in limited … [visit site to read more]

Bear Of The Day: Kroger Company (KR) Posted: 30 Dec 2009 04:00 PM PST Kroger Co. (KR) is not immune to the tough economic environment. The intensifying price war among grocery stores to lure budget-constrained consumers has compelled Kroger to cut prices, hurting its sales and margins. The company reported lower-than-expected third-quarter 2009 results. The quarterly earnings of 27 cents per share missed the Zacks Consensus Estimate of 36 cents per share and fell 25% year-on-year. Consequently, Kroger trimmed its full-year 2009 earnings forecast. The company’s … [visit site to read more]

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