Feb 21, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

US Bond Auctions Bomb; China Dumping The Most Treasuries On Record - Higher Interest Rates Ahead!

Posted: 21 Feb 2010 06:01 PM PST

You can’t count on Washington to proactively warn you about major economic and market problems …

Politicians and Fed policymakers failed to warn investors away from tech stocks during the Nasdaq bubble.

They failed to warn you in advance that the housing and mortgage markets would crash.

Now, they’re doing it again!

They’re failing to warn you about the next massive threat to your wealth - a Treasury bond crash and the corresponding surge in interest rates.

Fortunately, … [visit site to read more]

Famous Short Seller Jim Chanos Could Lose Big On China Bubble Bets

Posted: 21 Feb 2010 05:01 PM PST

Amid growing fears of a real estate bubble, Chinese officials moved to restrain bank lending and rein in inflation by raising its bank reserve requirements twice in one month. Global financial markets reacted with risk aversion driving up both the U.S. dollar and Treasuries because of concerns that the leading recovery growth engine of the world could be slowing.

High Price & High Vacancy

In Beijing, the amount of residential floor space sold in 2009 skyrocketed 82% from the … [visit site to read more]

Why You Can Expect More Problems Ahead For The Euro

Posted: 21 Feb 2010 04:01 PM PST

At the beginning of this year, I wrote a Money and Markets column entitled “Will the Euro Become the Most Hated Currency for 2010?”

At that time, the euro/dollar exchange rate was about 5 percent off of its 2009 highs. And we were just months removed from hearing the constant and broadly espoused opinions suggesting the euro would become the world’s next primary reserve currency - replacing the troubled U.S. dollar.

But the focus of global investors was starting to shift … [visit site to read more]

Borders Group: Room To Run?

Posted: 21 Feb 2010 03:49 PM PST

Borders Group ended the week up 31.71% and is up roughly 38% YTD. So far this year, the company has had a slew of company specific news, as well as a volatile stock price. The chart below maps out the year to date daily rate of return vs. the daily volume in shares traded. This will provide a timeline of news flow and will give you a visual as to how the share price has reacted to it.

1. On January 13, shares jumped over 20% on no news, most likely the result of a large investor closing a … [visit site to read more]

Review Of US Penny Stock Movers Last Week

Posted: 21 Feb 2010 03:01 PM PST

TriQuint Semiconductor (NASDAQ:TQNT)

TQNT is testing breakout point at $6.82. Next target is $7.23 or $8.00 on breakout. Stock has been bouncing off a rising 200D MA for 3 months.

Somaxon Pharmaceuticals (NASDAQ:SOMX)

Somaxon finally broke out on high volume on Friday after last call. If the stock pulls back, trade when it pulls back along the 13D MA.

Netlist Inc (NASDAQ:NLST)

NLST seems to have found a temporary bottom and reverse the downtrend. However, volume is low and … [visit site to read more]

Crude Oil Prices Move Up As European Crisis Dissipates

Posted: 21 Feb 2010 02:01 PM PST

An easing of the crisis in Europe gave energy markets a firm tone last week that enabled crude oil futures to gain nearly 8% amid mixed economic news and some concerns about supply.

A strike at French oil refineries lifted prices to a five-week high Friday, with the benchmark West Texas Intermediate finishing the week at $79.81. The French strike threatened to limit U.S. imports of refined products from Europe.

Earlier in the week, the show of solidarity by European Union … [visit site to read more]

Forex Trading: USD/JPY Reaches New 5-Week High

Posted: 21 Feb 2010 12:31 PM PST

Recent bullish price action on USD/JPY, a daily chart of which is shown, has risen to approach dynamic resistance around the top border of a parallel downtrend channel that has been in place since the April 2009 high. In the process, the pair has established a new 5-week high. In the event that the bullish momentum continues on to break out above the downtrend channel, which would jeopardize the current overall downtrend, a key resistance target to the upside resides around the 93.75 price … [visit site to read more]
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