Daily Markets - Financial News And Opinions

Is Manipulation At Work In The Gold Market?
Why Fertilizer Stocks Make A Good Trade Right Now
Bank On The Broadband Explosion With EMC Corp.
Florida Home Sales Rose In February For The 18th Month As Falling Prices Stimulate Sales
Video: Apple IPad To Hit U.S. Stores On Saturday
The Market Vectors Gold Miners ETF (GDX) Seems To Be In A Buying Range
Forex Trading: Gbp/Usd Trades Above 200 Hour M/A
Range Breakout Play In Google Shares
Are Dividend ETFs Going To Rally Next?
Has Oppenheimer Already Violated Its Auction-Rate Settlement With NY AG Cuomo?
Forex Trading: The Euro Is Ripe For A Short-Covering Rally
Stock Picks For Tuesday 30 March: DryShips, Xenoport, iGo
Video: The Day Ahead: U.S. Consumer Confidence

Is Manipulation At Work In The Gold Market?

Posted: 30 Mar 2010 03:30 AM PDT

Amazingly enough…or maybe it’s not so amazing, every time gold corrects we see the conspiracy theories flying thick and heavy. I’ve asked this question I don’t know how many times and I have yet to receive a logical answer. Now that I think about it I don’t believe I’ve ever received any answer.

If gold is being manipulated by the powers that be how in the world did it manage to rise from $250 to over $1200? I have to say if someone is manipulating the price of gold they are doing a … [visit site to read more]

Why Fertilizer Stocks Make A Good Trade Right Now

Posted: 30 Mar 2010 03:01 AM PDT

If you’re a trader, you have to watch fertilizer stocks.

It might sound like a boring business: produce the stuff that makes crops grow. But it’s difficult to find a more “boom and bust” sector anywhere in the market. On any given week, shares of a fertilizer company can rise 5% to 10%.

Let’s take Potash of Saskatchewan (NYSE:POT) for example.

POT is the world’s largest producer of potash - a type of fertilizer. Back in September, it saw its stock drop 12% after lowering its earnings … [visit site to read more]

Bank On The Broadband Explosion With EMC Corp.

Posted: 30 Mar 2010 02:01 AM PDT

Major fund managers on Wall Street continue to be very cautious and underestimate certain key trends - one of which they have yet to even catch on to.

In the last few weeks, I recommended you to invest in a number of companies that are linked to this underestimated trend: The broadband explosion.

In fact, we got into Cisco Systems Inc. (NASDAQ:CSCO) before that company unveiled its new “super-router.” I also recommended buying other beneficiaries of the broadband trend, including Juniper … [visit site to read more]

Florida Home Sales Rose In February For The 18th Month As Falling Prices Stimulate Sales

Posted: 30 Mar 2010 01:01 AM PDT

“Florida’s existing home sales rose in February, which means that sales activity has increased in the year-to-year comparison for the past 18 months, according to the latest housing data released by Florida Realtors.

Existing home sales increased 21 percent last month with a total of 11,890 homes sold statewide compared to 9,867 homes sold in February 2009. Statewide existing home sales last month increased 13.6 percent over statewide sales activity in January. Florida’s median … [visit site to read more]

Video: Apple IPad To Hit U.S. Stores On Saturday

Posted: 30 Mar 2010 01:00 AM PDT

Apple’s iPad will be available in U.S. stores on April 3. In addition to Apple stores, the device can be acquired at most Best Buy stores, select Apple authorized resellers and campus bookstores. … [visit site to read more]

The Market Vectors Gold Miners ETF (GDX) Seems To Be In A Buying Range

Posted: 30 Mar 2010 12:01 AM PDT

“Market Vectors Gold Miners ETF (GDX) - This exchange-traded fund (ETF), which attempts to replicate the price and yield performance of the Amex Gold Miners Index, is in a bull market with the support line at $43 and the 200-day moving average at $44,” Sam Collins Reports From Options Zone.

Collins goes on to say, “This has been a recurring trading stock for the Trade of the Day throughout the past year. Following a run in September from $40 to $55, (GDX) pulled back in a … [visit site to read more]

Forex Trading: Gbp/Usd Trades Above 200 Hour M/A

Posted: 29 Mar 2010 11:22 PM PDT

Gbp/Usd currently trades above its 200 hour M/A on the heels of postive Nationwide HPI data out of the U.K. If the pair can hold above it may meet some resistance at 1.5052, an area of some old hourly highs. A stronger resistance should be at the 1.5085-90 level. Keep in mid that final quarterly GDP figures come out at 4:30 … [visit site to read more]

Range Breakout Play In Google Shares

Posted: 29 Mar 2010 11:01 PM PDT

I’ve heard a few traders complaining about the range compression intraday in Google (NASDAQ:GOOG) and thought I would give that a look - indeed, we’ve had a strange and lengthy (in day trader’s terms) consolidation in price, which sets the stage for a range breakout play ahead.

Let’s zoom-in on the 5-min chart in GOOG to see the intraday price consolidation:

(Click for full-size image)

I’m showing the basic price chart intraday (5-min) stretched out over the last four days to show … [visit site to read more]

Are Dividend ETFs Going To Rally Next?

Posted: 29 Mar 2010 10:31 PM PDT

ETFs holding dividend-paying stocks trailed the broad market since the implosion in early 2009 primarily because of the rebound in technology shares which tend to not pay out dividends given the nature of the industry. It’s generally the more mature cycle Industrials, Telecoms, Utilities and Financials that tend to pay dividends over time. However, analysts are now citing a variety of factors that may facilitate out-performance in the dividend stock genre. A recent report by … [visit site to read more]

Has Oppenheimer Already Violated Its Auction-Rate Settlement With NY AG Cuomo?

Posted: 29 Mar 2010 09:49 PM PDT

Is the great lie and fraud encompassing the auction-rate securities fiasco continuing even into the settlement process? Information, or the lack thereof, indicates it is. In the process, the injustice served cold to the thousands of ARS investors, especially those who purchased these so-called 'cash’ instruments from Oppenheimer Holdings, continues.

Wall Street, Washington, and the bulk of the financial media (exceptions being author Phil Trupp, Bloomberg’s Susan Antilla, and the … [visit site to read more]

Forex Trading: The Euro Is Ripe For A Short-Covering Rally

Posted: 29 Mar 2010 09:05 PM PDT

The U.S. Dollar finished lower against all major currencies as trader demand for risk helped to pressure the Greenback. The weakness in the Dollar was attributed to optimism in the Euro Zone over the potential positive impact of the new European Union and International Monetary Fund bailout proposal for Greece. Throughout the day, the major theme was demand for risky assets as equities, gold and crude oil posted strong gains, supporting the commodity-linked currencies.
The EUR USD closed up … [visit site to read more]

Stock Picks For Tuesday 30 March: DryShips, Xenoport, iGo

Posted: 29 Mar 2010 08:40 PM PDT

( click to enlarge )

DryShips (NASDAQ:DRYS) - The stock is slowly recovering. The 5.92 - 5.95 area is a critical resistance region that can determine overall bias for the stock in short-term. Keep an eye on these levels!

( click to enlarge )

iGo (NASDAQ:IGOI) - Shares of iGo has made a new 52 week high Monday closing at $1.95 on heavy volume. Stock broke out the resistance at $1.722, so no resistances above now. The stock is overbought, and may need to work this condition before heading … [visit site to read more]