Jan 20, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions

Precious Metals Stocks And ETFs - The Corrective Phase Isn’t Over Yet

Posted: 20 Jan 2010 03:45 AM PST

In the previous essay dedicated to gold and silver we have summarized that the very-long-term price projections are still in place and paint a bullish picture for long-term investors holding gold, silver, and corresponding equities. On the other hand, the short-term outlook remains bearish for the precious metals market.

This week, we would like to provide our thoughts on the precious metals stocks sector. After all, PMs usually move along with the corresponding equities, so analyzing PM … [visit site to read more]


Forex Trading: US Dollar Benefits As Risk Sentiment Erodes

Posted: 20 Jan 2010 03:04 AM PST

The USD has continued to climb higher this week (the DXY touching highs of 78.02 so far this morning) with the ongoing erosion of risk appetite. A combination of poor economic data, dovish central bank rhetoric, and sovereign debt concerns have all played a part in sustaining the USD rally; and in addition, Q4 corporate earnings have not, thus far, enjoyed the sort of euphoric results seen in Q3 to rejuvenate investor sentiment. Yesterday, Citibank reported a loss of 34c per share, worse than … [visit site to read more]

Stock Picks For Wednesday 20 January

Posted: 20 Jan 2010 02:45 AM PST

Prologis (PLD)

PLD has touched 50D MA and seems well supported. MACD seems also to be turning up. Shld the stock clear $14.13, there is a narrow trading range to $14.78 and once break through, we shld be looking at $16.4. Volume is not high however for this stock. Nonethless, it seems to have found its base support after the false breakout few weeks ago.

TiBCO Software (TIBX)

This stock exhibits a very strong move from $7 to $10 during mid dec 2009 with high volumes … [visit site to read more]

Forex Trading Review For 20 January

Posted: 20 Jan 2010 01:59 AM PST

USD Dollar (USD)

The Dollar gained versus most majors after TIC Long Term Purchases came out much stronger with 126.8B versus 30.3B forecast. NASDAQ and Dow Jones rose by 1.42% and 1.09% respectively and they are slightly below their 52 week high. Crude Oil rose by 1.22% closing at 78.95$ a barrel and Gold (XAU) rose by 0.85% closing at 1139.70$ an ounce. Today, Building Permits are expected unchanged with 0.59M and PPI is expected lower with 0.1% versus 1.8% prior.

EURO (EUR)

The Euro … [visit site to read more]

Class Action Lawsuit On Behalf Of Investors In Direxion Energy Bear 3X ETF (ERY)

Posted: 20 Jan 2010 01:55 AM PST

Notice is hereby given that a class action has been commenced on behalf of all persons who purchased or otherwise acquired shares in the Direxion Energy Bear 3X Shares Fund (the “ERY Fund”) (ERY), an exchange-traded fund (”ETF”) offered by Direxion Shares ETF Trust (”Direxion”), pursuant or traceable to Direxion’s false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the “Registration Statement”) issued in connection with shares of … [visit site to read more]

Video: Google Delays China Phone Launch

Posted: 20 Jan 2010 01:00 AM PST

Google postponed the launch two Android-based mobile phones in China. Both launch had been planned with China Unicom. … [visit site to read more]

2009 Global Stock Market Rally: World Stock Markets Up 43%

Posted: 20 Jan 2010 12:17 AM PST

The value of world stock markets increased by $1.07 trillion in December (data here) to $46.5 trillion, the highest level for total world stock market capitalization since August 2008 (see chart above). The world’s stock markets have increased in value nine out of the last ten months, and world markets have gained $14 trillion in market capitalization since the $28.7 trillion value in December 2009, representing almost a 43% increase this year.

In 2009, 48 out of the 52 stock … [visit site to read more]

Forex Trading: Gbp/Usd Threatening A Break Below 100 Day M/A

Posted: 19 Jan 2010 09:21 PM PST

Gbp/Usd is threatening to break below its 100 day M/A of 1.6310. From a daily perspective the next support level should come in about 100 points lower at 1.6207. This is a trendline of previous daily lows. If the 100 day M/A holds a move back up to 1.6370-80 is likely, though the pair does look bearish. Ultimate support is down at 1.6157, its 200 day … [visit site to read more]
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