Jan 24, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions

Stock Picks For Monday 25 January: Sirius XM Radio, Textron, First Bancorp, Horizontal Lines

Posted: 24 Jan 2010 09:01 PM PST

Sirius XM Radio (SIRI)

After the gap up play on 19 Jan from 66 cents to 74 cents ( 12% up ) on relatively high volume, SIRI continues to consolidate and a hanging man is formed last friday closing at 69 cents. Volume on the last two consolidation days are relatively lower than 19 Jan and this is a good sign.Take note that Dow Jones drop a total of 400 pts on the last two days of the week and i would consider that this stock is holding on relatively well. Short Term, the 13D and 26 D MA … [visit site to read more]


A Lost Decade In US Employment? A Warning On Data Analysis

Posted: 24 Jan 2010 08:01 PM PST

Some say that we have added no jobs in the past 10 years, and they are calling it a “lost decade.”  What they see is a product of bad data analysis.  Here’s the actual U.S. employment data, plotted in blue:

Actual data in blue.  The green line goes from December 1999 through December 2009, showing virtually no growth in a decade.  But it’s always to calculate changes from a peak to a trough if you want to understand long term trends.  The economy’s ability to generate jobs over a … [visit site to read more]

Superabundance Of Natural Gas Provides Promise

Posted: 24 Jan 2010 07:01 PM PST

Every few weeks, it seems, fresh news arrives telling of impressive discoveries of oil and gas in the Gulf of Mexico, an area that, until recently, was viewed as well worked over and unlikely to yield any new bonanzas. Last September brought word of a giant Gulf oil field reeled in by British Petroleum. And the latest Gulf headline-maker is a potentially major gas play offshore Louisiana that appears likely to add new trillions of cubic feet of gas to growing domestic reserves of the … [visit site to read more]

Forex Trading: USD Weaker Early

Posted: 24 Jan 2010 06:56 PM PST

To start the new trading week, the USD is moving lower against the risk pairs as US equity futures trade higher and US treasuries move lower ahead of the US GDP report and FOMC rate decision expected to close out the final week of January. For the EUR/USD pair we've seen it move north to the short-term 38.2% retracement ahead of the 100 hour moving … [visit site to read more]

Insights From The WSJ

Posted: 24 Jan 2010 06:32 PM PST

I spend a lot of time on these pages explaining why I see more hard times ahead. Aside from the fact that I believe what I write — unlike many of those who’ve decided that gloom-and-doom is the new black (and a good way to make a buck) — I genuinely detest the shills, charlatans, and pseudointellectuals who permeate Washington, Wall Street, and segments of the mainstream media, and who’ve made it their mission to mislead people about the way things are.
But my goal here is not just to wake … [visit site to read more]

Top 5 Economic Graphs For The Week Ended 23 January 2010

Posted: 24 Jan 2010 06:28 PM PST

The past week was reasonably quiet on the economic data front outside of China’s big statistics release. As such this week’s issue is less power packed than usual, but still contains a few gems. First up we look at how US PPI figures point to inflation, UK consumer spending’s gradual recovery, UK inflation risks, New Zealand consumer spending trends, and the inflation outlook for New Zealand. If there were two main themes it would be that inflation is ticking along but not yet … [visit site to read more]

The Week Ahead In US: FOMC Meeting And 4Q GDP In Spotlight

Posted: 24 Jan 2010 06:01 PM PST

Existing home sales (Monday 25), New home sales (Wednesday 27) - While the worst of the crisis appears to be behind the real estate sector, a return to a healthy growth rate is not on the horizon. With the labor market failing to reverse the two-year negative trend and foreclosures expected to rise in the months to come, we do not expect a rebound in the real estate sector over the short term. The drop in the NAHB housing market index signaled that real estate’s recovery may remain soft … [visit site to read more]

Stocks & Commodities Slump On More Regulatory Threats

Posted: 24 Jan 2010 05:51 PM PST

Banking Sector Shares Retreat Sharply on US Regulatory Threats

Bank shares on both sides of the Atlantic fell sharply over the week after President Obama moved to introduced legislation that would reduce the ability of banks to take risks. The proposed legislation would also put limits on the size of banks in an effort to remove the “too big to fail” concerns that caused much of the chaos in the sector in late 2008.

Obama stressed, “We should no longer allow banks to stray too far from … [visit site to read more]

Week In Review: Markets Are Clearly Unsettled

Posted: 24 Jan 2010 05:38 PM PST

From Massachusetts to Washington and from Wall Street to China, fireworks were flying this week across our global economic landscape. While the political focus in America is grabbing center stage, make no mistake, the issues driving the politics are largely economic.

Welcome to our Sense on Cents Week in Review where I provide a streamlined recap of the major economic news and the month-to-date market moves. Pack lightly as we have much ground to cover. That said, let’s enjoy the … [visit site to read more]

Forex Trading: EUR/JPY Near Key Range Support

Posted: 24 Jan 2010 05:01 PM PST

Price action on EUR/JPY, a daily chart of which is shown, has descended all the way down to reach and dip below key support around the 127.00 price region. This occurs within the context of a prolonged sideways trading range that the pair has been entrenched in since at least mid-2009.

Currently, bearishness in the euro against the yen has been a prevailing theme for more than a week. In the process, price has just hit a fresh 9-month low with even further bearishness likely. A strong … [visit site to read more]

3 Factors That Determine An ETF’s Performance

Posted: 24 Jan 2010 04:01 PM PST

Different exchange traded funds (ETFs) that track the same benchmark don’t always provide the same results. So, when comparing them, which ETF provider has the better product? It isn’t as simple as you would think.

For example, iShares MSCI Emerging Markets Index (EEM) and Vanguard Emerging Markets Stock ETF (VWO) both track the MSCI Emerging Market Index; however, VWO was up around 76% last year, while EEM was up about 72%. The index itself gained 78.5%, according to Financial … [visit site to read more]

Why Regional Bank ETFs Could Come Out Ahead

Posted: 24 Jan 2010 01:01 PM PST

President Barack Obama’s proposal to limit the size of the nation’s largest banks could ultimately be a boon to one area of the financial sector: regional banks. Those banks that stuck to their traditional business models throughout the crisis are already demonstrating their health through strong earnings.

The push for financial regulation is in full force. Obama wants to limit the limit the scope of a large financial institutions ability to take risks, and prohibit commercial banks from … [visit site to read more]

Featured Guest On ‘Sense On Cents With Larry Doyle’

Posted: 24 Jan 2010 11:21 AM PST

I am the featured guest on tonight’s "Sense on Cents with Larry Doyle" on No Quarter Radio, which will be broadcast online from 8 - 9 p.m. (the show will also be available for later download at the blogtalkradio site).
Like me, the host of the show, Larry Doyle, is a long-time Wall Street veteran who tells it like it is (he blogs at Sense on Cents, one of my regular stopping points), so it should make for an interesting discussion.
Got questions or want to share your thoughts during the … [visit site to read more]

Singapore Stock Market Update For Friday 22 January

Posted: 21 Jan 2010 05:42 PM PST

Morning Highlights
Singapore Share prices fell across the board in opening trade as dragged by losses on Wall Street, with the STI  gapped down 44.16 points at 2806.8.
Dow industrials down 200 points as materials sector paces sell-off‏. There was no escaping the downdraft from U.S. President Barack Obama’s proposal Thursday to limit banks’ risk-taking.
The concern over lending in China and banking reforms in the U.S also overshadowed better-than-estimated earnings at companies from … [visit site to read more]
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