Mar 21, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Hottest ETFs For The Week Ended 21 March 2010

Posted: 21 Mar 2010 03:01 AM PDT

While broad market indices continued their ascent for the week, stocks took a breather on Friday in anticipation of the historic healthcare vote this weekend.  Since it’s unclear specifically whether the legislation will even pass and if so, exactly what it will mean for equities, markets could continue to be choppy while this plays out.  For instance, Caterpillar (NYSE:CAT) came out and said the healthcare bill would cost them over $100 Million in the first year alone (WSJ).  However, … [visit site to read more]


Europe’s Macro Mess: Dysfunctional Diversity That Gets The Job Done

Posted: 21 Mar 2010 01:01 AM PDT

As the debate over a European Monetary Fund continues, this column argues that Germany’s enthusiasm for the new fund lies in its desire to impose fiscal discipline on countries it didn’t want in the Eurozone in the first place. The EU is not Germany and despite its dysfunctional diversity, the avoidance of a currency crisis in Greece shows that it works.

European integration has been a unique process from the start. European agreements - both large and small - have traditionally been … [visit site to read more]

U.S. Stock Markets Gain For Third Week; Sterling Tumbles On Risk Of Double-Dip Recession In U.K.

Posted: 20 Mar 2010 11:28 PM PDT

DailyMarkets.com (New York) - U.S. stocks had their third weekly gain last week but paused their steady ascent on Friday after the Reserve Bank of India unexpectedly raised interest rate after inflation accelerated to a 16-month high. This surprising move came a month before the central bank's scheduled policy meeting, and raised concerns that other Asian central banks would follow suit, and that the end of stimulus measures will restrict the fragile global recovery.

For the week, the … [visit site to read more]

Weekly Review Of The Dow, Shanghai Stock Exchange And Hang Seng

Posted: 20 Mar 2010 10:51 PM PDT

Dow Jones

Dow Jones has made a spectacular and non stop recovery since its February low from 9927 point to the current 10790 point. On Thursday, the index broke through January high of 10736 point but Friday’s black spinning top candlestick formation suggests that a correction may be on the card. RSI is heavily overbought and the although the 13,26D is moving upwards strongly, index seems to be overstretched with the recent strong moves. I would prefer the index to have a mild … [visit site to read more]

Stock Picks For Monday 22 March: Motorola, OceanFreight, GigaMedia

Posted: 20 Mar 2010 09:01 PM PDT

( click to enlarge )

Motorola (NYSE:MOT) has had a nice run over the past days. At this stage, we can see that MOT is now testing its line resistance at 7.44. A break of this resistance level could see the stock testing its strong horizontal resistance line at 7.72. Technical indicators are bullish as MACD momentum and histograms trend higher in positive territory and RSI is moving up. If this chart does what is supposed to do, it will be going higher in the days to come. At the moment, … [visit site to read more]

Active ETFs Are Next Evolutionary Step For ETFs, Says Invesco PowerShares’ Ed McRedmond

Posted: 20 Mar 2010 07:01 PM PDT

ActiveETFs | InFocus spoke with - Ed McRedmond, Senior Vice President of Institutional & Portfolio Strategies at Invesco PowerShares. Invesco PowerShares was one of the first companies to bring Actively-Managed ETFs to the US market in 2008. Ed talks to us about the outlook for Active ETFs, the capabilities that PowerShares hopes to capitalize on to become a leader in Active ETFs and some challenges they may face in comparison to Index ETFs.

Shishir Nigam - Active ETFs | InFocus: … [visit site to read more]

Proven Its Worth Over The Course Of Time

Posted: 20 Mar 2010 05:20 PM PDT

Like me, Robert Prechter of The Elliott Wave Theorist has long been described as a permabear, though that is not true (in my case or his).
I am old enough to remember, for example, that he was one of the first marketwatchers to call for a secular bull market when stocks were in the doldrums in the early 1980s.
I also recall his bullish take on the equity market in February 2009, at the depths of the post-Lehman collapse in share prices (I expressed similar thoughts, publicly, a few weeks … [visit site to read more]
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