Daily Markets - Financial News & Opinions

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• Morgan Stanley Still Bearish On US Housing Market
• U.S. Overtakes Russia As Top Natural Gas Producer
• The Ranks Of The Downbeat Grow Bigger
• Gold, Silver, Natural Gas And Oil Futures Trading At Pivot Points
• New Bank Profit Tax May Hurt Financial Industry, ETFs
• Video: The Day Ahead: U.S. Retail Sales
• 10-Year US Treasury Yield Challenges Key Resistance
• Investors Should See “Red” Over Massive Corporate Espionage
• Singapore Stock Market: Our Focus For Today Is On Small Cap
• Forex Trading: Charts Indicate That The Euro Is Still On Pace For Near-Term Test Of 1.4680
• Good News For Baidu.com (BIDU) If Google Does Cease Operating In China
• Will Shareholders Force Google’s Hand To Have A Presence In China?
• Financial Crisis Inquiry Commission Questioning
• Expect Some False Starts In The Economy And A Bear Market Rally For Stocks
• Goldman Sachs: Singapore Property Prices To Exceed 2007 Peak By Year-End
• EA Slashes 2010 Outlook
• Watch This Commodity In 2010
• Talisman Sees Higher 2010 Budget

Morgan Stanley Still Bearish On US Housing Market Posted: 13 Jan 2010 09:01 PM PST The equity markets can and will do whatever they want, but when I look at the economy I remain steadfastly fixed on our housing and labor situation. When these cornerstones of our economic landscape not only stabilize but show marked improvements I will become more constructive on our overall outlook. Are we there yet? No way. Thanks to a loyal Sense on Cents supporter, I am happy to provide Morgan Stanley’s (MS) U.S. Housing Outlook for 2010. What are the key points to this … [visit site to read more]

U.S. Overtakes Russia As Top Natural Gas Producer Posted: 13 Jan 2010 08:01 PM PST BLOOMBERG — The U.S. overtook Russia as the world’s largest natural-gas producer last year as U.S. suppliers tapped unconventional resources while demand in Russia plunged amid the country’s worst economic decline on record. U.S. output in January through October advanced 3.9% from a year earlier to 18.3 trillion cubic feet (519 billion cubic meters), according to the latest Department of Energy data. Russian output, about four-fifths of which comes from state-run OAO Gazprom, … [visit site to read more]

The Ranks Of The Downbeat Grow Bigger Posted: 13 Jan 2010 07:43 PM PST Aside from policymakers, economists, and stock traders, the number of those who don’t see any real evidence of economic recovery continues to grow. Along with millions of ordinary Americans, small business owners, corporate executives, and charitable organizations, state and local governments are downbeat about prospects for the period ahead, as Reuters reports in “Shortfalls for US Cities Could Reach $56 Bln-Report”: U.S. cities will face a collective budget shortfall of at least $56 … [visit site to read more]

Gold, Silver, Natural Gas And Oil Futures Trading At Pivot Points Posted: 13 Jan 2010 07:31 PM PST The commodity futures charts and gold precious metal stocks have be trading with increased volatility as they bounce between support and resistance levels on the daily and hourly charts. This report is focused more on technical analysis and charts so that I can show you what I feel these commodities are lining up to do. Market Vectors Gold Miners ETF (GDX)- Daily Trading Chart I posted this chart Monday afternoon to members as a short educational piece and to give warning to those … [visit site to read more]

New Bank Profit Tax May Hurt Financial Industry, ETFs Posted: 13 Jan 2010 07:01 PM PST Bonus season is coming around and lots of big bankers are likely to receive a fat check. This has spurred another round of public outrage and the government has taken steps to funnel away some of the money back to taxpayers. What may be good for taxpayers might not be good for banks and related exchange traded funds (ETFs), though. President Barack Obama will try and get back as much as $120 billion of taxpayer money by taxing large banks, specifically, a tax on profits, reports Jackie … [visit site to read more]

Video: The Day Ahead: U.S. Retail Sales Posted: 13 Jan 2010 07:00 PM PST The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

10-Year US Treasury Yield Challenges Key Resistance Posted: 13 Jan 2010 06:31 PM PST It’s make or break here at the 4.0% level again for 10-Year Treasury Yields.  Let’s take a look at the monthly and weekly chart to emphasize the importance of the dividing line at the 4.0% area. Ten-Year Yields Monthly: The monthly chart is showing overhead resistance from the falling 50 week EMA (blue), currently at 38.  The way StockCharts labels the price, the 38 actually represents the yield level of 3.8%, which is how you should interpret the 'price’ levels. Yields … [visit site to read more]

Investors Should See “Red” Over Massive Corporate Espionage Posted: 13 Jan 2010 06:01 PM PST Enough is enough. Corporate espionage emanating from China has reached too far. It is high time that investors recognize that western business in China, and in most democratic industrial societies, is under relentless attack by computer hackers and other agents under the watchful, deliberate eye of mainland China’s government apparatus. Tens of thousands of times a day, corporate data systems are hacked. Proprietary information worth billions of dollars is stolen as a routine matter, … [visit site to read more]

Singapore Stock Market: Our Focus For Today Is On Small Cap Posted: 13 Jan 2010 05:52 PM PST Morning Highlights Our Focus For Today Is On Small Cap Singapore stocks started higher Thursday on Wall Street’s rally, with the STI opened up 14.28 points to 2902.66. Singapore News Updates: Natural Cool Holdings Limited’s unit has entered into a Memorandum of Understanding (MOU) with Emirates Tarian Capital (S) Pte Ltd to sell the group’s building at 29 Tai Seng Avenue for S$53 million. Federal Hardware Engineer, a unit of Federal International (2000) Ltd, has been awarded additional … [visit site to read more]

Forex Trading: Charts Indicate That The Euro Is Still On Pace For Near-Term Test Of 1.4680 Posted: 13 Jan 2010 05:39 PM PST The U.S. Dollar finished lower after a choppy trading session. Even upbeat Beige Book data failed to stimulate buying interest in the Dollar. The Greenback traded higher last night after Germany announced that its economy had shrunk more than expected in 2009. Hawkish comments from Federal Reserve Bank of Philadelphia President Plosser also triggered a rise in the Dollar. The Dollar could not hold its earlier strength and broke sharply lower ahead of the New York opening before mounting a … [visit site to read more]

Good News For Baidu.com (BIDU) If Google Does Cease Operating In China Posted: 13 Jan 2010 05:21 PM PST On news that Google (GOOG) might be pulling its services from the Chinese Market over long-standing disputes, shares of Google’s competitor Baidu.com (BIDU) surged today, bouncing off a critical weekly support level to recapture lost territory and now stands dollars shy of a new lifetime high. Let’s see this bounce move on the weekly frame. This chart highlights the price movement of BIDU starting in mid-2007 which captures the peak in late '07, bottom in December 2008, and … [visit site to read more]

Will Shareholders Force Google’s Hand To Have A Presence In China? Posted: 13 Jan 2010 05:20 PM PST Google’s (GOOG) foray into China had never gone swimmingly, the “Don’t Be Evil” chants turned to scoffs as the company told the world its better to have a censored presence in China than no presence at all. The pitchforks subsided and its been business as usual for the company as it slowly built a base of business, taking on the dominant local Baidu (BIDU). Having now built a business, that according to analysts represents about 20-25% of the market, Google is becoming entrenched … [visit site to read more]

Financial Crisis Inquiry Commission Questioning Posted: 13 Jan 2010 05:14 PM PST I did not expect to learn anything riveting from today’s Financial Crisis Inquiry Commission’s questioning of the Wall Street CEOs and I didn’t.  Why? The executives being questioned represent the survivors or are new to the game. Who are they? Lloyd Blankfein of Goldman Sachs (GS) Jamie Dimon of JP Morgan (JPM) John Mack of Morgan Stanley (MS) Brian Moynihan of Bank of America (BAC) The Commission will be at work during calendar 2010, but the initial performance will … [visit site to read more]

Expect Some False Starts In The Economy And A Bear Market Rally For Stocks Posted: 13 Jan 2010 05:01 PM PST From the start of the economic and financial crisis that began in 2007, I made it clear that this was not a garden variety recession. Instead, I said, it was the aftermath of the bursting of the largest real estate bubble the world had ever seen. Many developments of the past three years support my thesis. Now I predict that this will not be a garden variety recovery either. We should expect some false starts in the economy and a bear market rally for stocks. And my prediction has two … [visit site to read more]

Goldman Sachs: Singapore Property Prices To Exceed 2007 Peak By Year-End Posted: 13 Jan 2010 04:05 PM PST PRICES OF residential properties, now at 8% below the 2007 peak level, will exceed the peak by end of this year, predicted Goldman Sachs (GS) in a report Wednesday (Jan 13). It said foreign buying will underpin local demand, which has yet to run its course. “We expect the high-end to lead for the better part of 2010; there is still positive carry in rental yields, as rents hold steady even as consensus braces for a 10% decline. “Mass market is more subdued, but affordability and … [visit site to read more]

EA Slashes 2010 Outlook Posted: 13 Jan 2010 03:40 PM PST A leading publisher of interactive games (video game software and content), Electronic Arts Inc. (ERTS) cut its revenue and earnings outlook for fiscal 2010; the second time since the last earnings call. As a result of its gloomy outlook, shares fell 8.37% after hours following the announcement. The company slashed its outlook due to weakness in its EA business, dismal holiday sales for the overall packaged goods sector in Europe and product mix shifts to lower-margin distribution business in … [visit site to read more]

Watch This Commodity In 2010 Posted: 13 Jan 2010 03:27 PM PST If there is one commodity that I believe will be worth watching in 2010, it will be natural gas. Natural gas has the technical characteristics of an asset poised for a secular trend change from down to up, and I believe the price action over the past 4 months has already confirmed that a trend change is underway. When we last visited natural gas, it was back on September 2, 2009. At the time, I stated the following: “The close below three pivot low points is a pattern that I have identified … [visit site to read more]

Talisman Sees Higher 2010 Budget Posted: 13 Jan 2010 03:23 PM PST Canadian energy explorer Talisman Energy Inc. (TLM) offered a glimpse of its 2010 production and capital spending plans. Talisman said that it will boost its capital expenditures by about 10% in 2010, as it focuses on promising shale gas programs. However, despite hiking the capital budget, Talisman expects the overall production rate to be flat from 2009 at around 425,000 barrels of oil equivalent per day. The Calgary-based firm has pegged its 2010 capital budget at about C$5.2 billion ($5 … [visit site to read more]

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