Jan 19, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions


2009’s List Of Hot Commodities: Gold’s 24 Percent Returns Only Good Enough For 10th Place

Posted: 19 Jan 2010 07:45 PM PST

We’ve updated our popular Periodic Table of Commodity Returns, and the headline news should come as no surprise - 2009 was a complete turnaround for the sector’s 2008 performance.

Commodities (as measured by the Reuters-Jefferies CRB Index) rose 24 percent in 2009, the largest single-year increase since the early 1970s.

In 2008, only one of the 14 commodities in the table finished positive - gold, up a scant 5.8 percent - while five finished with losses exceeding 50 percent, led by lead … [visit site to read more]


Is Now The Time To Consider Dividend ETFs?

Posted: 19 Jan 2010 07:01 PM PST

Long-term bonds are so passé. At least, that’s what financial experts are beginning to believe. Investors may want to consider the benefits investing in dividend-paying growth stocks and related exchange traded funds (ETFs) instead.

The Feds will likely raise interest rates this year as a way to finance the ballooning federal debt from all that economic stimulus, writes Eve Mitchel for Philly. Generally, when interest rates rise, investments such as bonds, Treasuries and long-term bond … [visit site to read more]


Video: The Day Ahead: U.S. Housing Starts

Posted: 19 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]


Forex Trading: Euro Falls Sharply As Greek Debt Woes Continue

Posted: 19 Jan 2010 06:21 PM PST

The EUR USD took a beating on Tuesday. This current round of weakness is being triggered by mounting concerns about Greece’s ability to resolve its debt issues.
Traders are expecting the European finance ministers to hold their ground and maintain that Greece solves its own problems. This could be an indication that this problem will persist as Greece is having problems reaching a budget solution. In addition, similar problems could crop up with Spain and Portugal.
Additional selling pressure … [visit site to read more]


The Importance Of The 1150 Level On The S&P 500 Index Can’t be Overstated

Posted: 19 Jan 2010 06:01 PM PST

There’s so much uncertainty and confusion right now that it’s hard to hold a steady course. For me, I still seem to be held captive to a game plan laid out way back on November 9 in “One View of the Market’s Future”, nearly two months ago. The highlights include:
a “game plan” which appears so far to be working and close to hitting the goal of 1125 (I beg some lea way to extend the target range to 1150). As the market approaches the target, it’s time to start speculating about what might … [visit site to read more]


Singapore Stock Market Update For Wednesday 20 January

Posted: 19 Jan 2010 05:33 PM PST

Morning Highlights
Singapore market firmed in opening trade after Wall Street was lifted overnight on a tech and health-care rally, supported by strong results from IBM Corp. The STI gapped up 18.49 points to open at 2931.41.
Singapore News Updates:

CapitaCommerical Trust (CCT) is selling Robinson Point for $203.25 million, CCT said in a statement to the stock exchange on Wednesday.

Ezra has inked a well-intervention contract on top of a maiden self-propelled contract to support an oil … [visit site to read more]


Forex Trading: A Bearish USD/JPY Bounces Off Key Support

Posted: 19 Jan 2010 05:01 PM PST

Price action on USD/JPY, a daily chart of which is shown, has displayed marked bearishness for more than a week, since the top of a parallel downtrend channel was reached and respected in early January. In the course of this bearishness, price broke down below a key intra-channel uptrend support line extending from the late November lows. After that breakdown, price has continued to descend down to a key support region around the 90.50 area.

Currently, the pair has made a tentative bounce up … [visit site to read more]


Is The Stock Market Advance In The Final Stages?

Posted: 19 Jan 2010 04:25 PM PST

It’s time for a review of the broader market indices and possible implications for traders and investors:  This analysis may prove controversial, but I tend to make big picture calls at critical junctures. This analysis is getting more bearish I realize, as I’ve been bullish since Feb 25th on the markets.  I simply look at all the evidence, and instead of burying my head in the sand, I take it all in and plan accordingly.  Being a perma-bull or perma-bear is a quick way to under-perform the … [visit site to read more]


Daily ETF Roundup: FXI Surges, VXX Slumps

Posted: 19 Jan 2010 03:18 PM PST

Investors returned from a long holiday weekend with an optimistic outlook, as news of mega-deals in the food and beverage and insurance industries boosted confidence. IBM delivered solid earnings, further bolstering hopes of a strong year for the technology sector, while investors turned their attention to Massachusetts to evaluate the potential impact of a shifting political landscape on health care reform.
The ETFdb 60 Index, a benchmark measuring the performance of asset classes available … [visit site to read more]


Will Japanese Stocks Survive A Meltdown?

Posted: 19 Jan 2010 03:00 PM PST

Markets were closed in America yesterday. In the rest of the world nothing much happened. This leaves us free to talk about whatever we want.
What do we want to talk about?
Let's talk about Japan. You remember, Japan? It's the country with the 20-year on-again, off-again depression. You could have bought stocks in Tokyo 20 years ago…held onto them…and guess what you'd have today? Well, for every dollar you invested two decades ago, you'd have about 25 cents. How's that for … [visit site to read more]


Economic, News And US Earnings Reports For The Week Of January 19 - 22

Posted: 19 Jan 2010 11:01 AM PST

This week is not too heavy on the economic front. We are going to get a glimpse of inflation via PPI and Core PPI as well as US manufacturing and industrial production situation via Leading Indicators and Philadelphia Fed.

On the earnings front, we have an extremely busy week with financials in the focus. Notable companies include: Citigroup (C), Parker Hannifin (PH), IBM (IBM), Bank of America (BAC), New of New York (BK), Morgan Stanley (MS), Northern Trust (NTRS), US … [visit site to read more]


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