Daily Markets - Financial News & Opinions |
- Stock Picks For Monday 4 January
- Is The US At An Extreme Risk Of A Double Dip Recession?
- Barclays On Possible Market Corrections In 2010
- Indian Stock Market: Sensex Up 93.92 Points On Monday
- Forex Trading: EURUSD Remains Supported In Quiet Trade
- 2010 Outlook: Back To Basics
- Looking Back: The VIX And Volatility In 2009
- In Lieu Of A 2010 Stock Market Forecast
- Forex Trading: Busy Economic Calendar Starts 2010
- 60 Minute Trends For Gold, Oil, Natural Gas And Dow ETFs
- Forex Review For 4 January
- How To Make The Most Of A Resurgent M&A Market In 2010
- Will 2010 Prove To Be Another Big Year For Brazil?
- Mutual Funds: Top Eaton Vance Funds
- Mutual Funds: Top Utilities Equity Funds
- Stock Buy: United Online, Inc.
- Bull Of The Day: OPNET Technologies (OPNT)
- Stock Buy: Bristow Group
- Stock Buy: Apple Corporation
- Bear Of The Day: Cadence Design Systems (CDNS)
- Stock Buy: TESSCO Technologies Inc.
| Stock Picks For Monday 4 January Posted: 04 Jan 2010 05:39 AM PST ( click to enlarge ) Melco Crown (MPEL) is showing signs of buying activity at these levels, as the stock has been able to hold up the past few sessions. Volume has been increasing the past 3 days, as the stock sits in a tight channel. Resistance level in MPEL is the high from Thursday, which is $3.48. Watch MPEL closely on Monday for a possible move. ( click to enlarge ) Entromedics (ETRM) tried to rally and made it back above $0.71 on Thursday, but the weak market held it … [visit site to read more]
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| Is The US At An Extreme Risk Of A Double Dip Recession? Posted: 04 Jan 2010 05:01 AM PST One of the major concerns at the end of 2008 and beginning of 2009 was how much the average U.S. consumer has to de-lever in order to reach a sustainable debt level that could be supported in a declining asset price environment. As we all know, the environment changed quickly in the 2nd quarter of 2009 when all asset prices began to rise in value and the national savings rate continued to climb (See Exhibit 1). Now, in 2010 we face many non traditional economic headwinds such as a … [visit site to read more]
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| Barclays On Possible Market Corrections In 2010 Posted: 04 Jan 2010 04:21 AM PST In a CNBC interview on December 31, 2009 (video below), Jordan Kotick at Barclays Capital shared technical charts tale of some possible market corrections in Q1 or Q2 of 2010. Bovespa (BVSP): Index, currently at an almost all time new high, is signaling a possible correction coming when traders start to fade this market. But overall trend is still upward positive. Brazil, Mexico and Chile are the three crucial ones to watch in the emerging markets. My Take: Brazil has … [visit site to read more]
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| Indian Stock Market: Sensex Up 93.92 Points On Monday Posted: 04 Jan 2010 04:11 AM PST Sensex rose 93.92 points or 0.5 to 17558.73 Of 13 BSE Sectoral indices, 12 posted losses. Sensex Day’s Range: 17530.94 - 17365.37 Stocks and commodities rose while Treasuries fell on the first trading day of 2010 as … [visit site to read more]
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| Forex Trading: EURUSD Remains Supported In Quiet Trade Posted: 04 Jan 2010 04:06 AM PST The NY day for the EURUSD has gotten off to a quiet start. The pair overnight reached a high price of 1.4416 just prior to NY entering, and has dipped modestly lower. The bias remains bullish (price is above the 100 bar MA on the 5 minute and 100 hour charts), however, the action is quiet as the stock market opening and 10 AM US economic numbers are awaited (ISM and US Construction spending due at 10 AM with ISM up to 54. 1e and Construction Spending expected to … [visit site to read more]
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| Posted: 04 Jan 2010 03:46 AM PST The past twelve months have witnessed extreme trading patterns. The beginning of the year saw market participants flee the equity markets to such an extent that it seemed the bottom would never be reached. However once the bottom was found in March, investors never looked back and drove stocks higher for the remainder of the year. It has been a year of mixed fortunes. Speculators have certainly enjoyed it more than those seeking more rational, fundamentally based investments. The … [visit site to read more]
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| Looking Back: The VIX And Volatility In 2009 Posted: 04 Jan 2010 03:31 AM PST In this week’s chart of the week, I take a look back at the entire year as seen through the eyes of the VIX (^VIX) and volatility. The first thing you see in this heavily annotated chart is that while the graph of the S&P 500 index for the year looks like a checkmark (a dip down to the March lows followed by a rally), volatility as measured by both the VIX and the average true range of the SPX declined in almost a straight line over the course of the year. In other words, … [visit site to read more]
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| In Lieu Of A 2010 Stock Market Forecast Posted: 04 Jan 2010 03:01 AM PST This is the season for year ahead forecasts, but I hate doing forecasts so I won’t be doing one [*]. (BTW, I recently did an interview here that largely outlines my views for 2010.) I believe that equities remain overvalued and overbought, but overvalued markets can stay overbought for a long time. Over at ZeroHedge, which seems to have a slight predilection for conspiracy theories, quotes Charles Biderman of Trim Tabs on the possibility of government intervention in the stock … [visit site to read more]
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| Forex Trading: Busy Economic Calendar Starts 2010 Posted: 04 Jan 2010 02:34 AM PST The first week of the new year is packed with important economic events which should help shake off the sluggish holiday trading that characterized the past fortnight. Today’s US ISM Manufacturing data is expected to post an improvement from the month prior (exp: 54.0, prev: 53.6), and while we would point to the tentative correlation between better-than-expected US data and USD strength to trade this number, the more significant events for longer-term direction of the USD will come later in … [visit site to read more]
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| 60 Minute Trends For Gold, Oil, Natural Gas And Dow ETFs Posted: 04 Jan 2010 02:30 AM PST Welcome back everyone! It’s time to buckle up and get ready for another exciting year of trading. When the market is moving on light volume I tend to focus on very short term plays to minimize my exposure to volatility. The past couple of weeks have been great for day traders and futures trades as we took advantage of the short term seasonal holiday rally in the broad market and also by shorting gold when bounces reached resistance levels. This year I will be providing many more … [visit site to read more]
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| Posted: 04 Jan 2010 02:14 AM PST USD Dollar (USD) The Dollar was mixed versus the majors gaining versus the Euro and the Yen and weakening versus the Pound. Weekly unemployment claims came out better than expected with 432K, showing the U.S employment slump is ending. Light end of the year trading caused abnormal movements in the markets led by speculations. NASDAQ and Dow Jones declined by -0.97% and -1.14% respectively. Crude remained unchanged closing at 79.49$ a barrel and Gold (XAU) gained by 0.28% closing at 1096.35$ … [visit site to read more]
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| How To Make The Most Of A Resurgent M&A Market In 2010 Posted: 04 Jan 2010 02:10 AM PST Unlike this time last year, prospects for U.S. corporate mergers and acquisitions (M&A) appear robust heading into the new year. And that bodes well for investors astute enough to identify the sectors where action will likely be hottest. As an indication of the improving outlook, nine deals with a total value of $19.9 billion were announced from the start of December through Christmas Eve. That came on top of November’s 14 M&A announcements, which were valued at $63.175 billion … [visit site to read more]
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| Will 2010 Prove To Be Another Big Year For Brazil? Posted: 04 Jan 2010 12:01 AM PST The iShares MSCI Brazil Index (EWZ) finished 2009 up roughly 121% providing a hefty return for its investors. It is easy to understand why the fund has performed so well when you look at a few of its underlying holdings and their individual performance. Holding / % of Fund / 2009 % Return Petrobras / 23.00% / 111.00%
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| Mutual Funds: Top Eaton Vance Funds Posted: 03 Jan 2010 05:57 PM PST Eaton Vance Dividend Income A (EDIAX) seeks long-term capital growth. It was incepted in September 1995.
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| Mutual Funds: Top Utilities Equity Funds Posted: 03 Jan 2010 05:36 PM PST Today, we are featuring top-performing "Utilities” equity mutual funds, which primarily invest in equity securities of utilities, including telecom companies.
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| Stock Buy: United Online, Inc. Posted: 03 Jan 2010 04:00 PM PST United Online, Inc. (UNTD) has been riding the social media phenomena over the last year and has strung together 3 consecutive earnings surprises.
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| Bull Of The Day: OPNET Technologies (OPNT) Posted: 03 Jan 2010 04:00 PM PST We are extending our estimates on OPNET Technologies (OPNT) through 2012 fiscal year. OPNET reported exceptional second quarter results due to strong new software license revenue.
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| Posted: 03 Jan 2010 04:00 PM PST Bristow Group, Inc. (BRS) continues to set new highs after breaking through resistance.
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| Posted: 03 Jan 2010 04:00 PM PST Apple Corporation’s (AAPL) stock continues to be on fire as it hit all-time highs of $213.35 to end 2009. The stock is soaring on optimism over the holiday season and rumors about a possible new product announcement at a conference in late January.
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| Bear Of The Day: Cadence Design Systems (CDNS) Posted: 03 Jan 2010 04:00 PM PST Cadence (CDNS) reported weak results for the third quarter, and blamed the shortfall on softness in EDA spending. We expect that a turnaround is going to take time due to mounting financial problems leading to lackluster growth.
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| Stock Buy: TESSCO Technologies Inc. Posted: 03 Jan 2010 04:00 PM PST TESSCO Technologies Inc. (TESS) has outpaced the market with a 5% advance since it was last featured as a Growth and Income pick in late November.
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