Daily Markets - Financial News & Opinions |
- Stock Picks For 02 February
- Warning: This Isn’t Not Another Wall Street Conspiracy Theory, These Are The Facts
- Forex Trading: AUDUSD Corrects Higher Off Failure To Extend The Downside, But No Cut Has The Currency Pressured
- Forex Trading: EURUSD Tests The 100 Hour MA And Finding Some Profit Taking Sellers
- Rough Waters Ahead For Financial Stocks
- Forex Trading: Reserve Bank Of Australia Shocks Markets & Aussie Dollar Collapses
- Obama’s Budget Proposal Adds $1 Trillion In Taxes, Balloons Federal Deficit
- Forex Trading: EUR PPI M/m
- Semiconductors ETFs Expected To Shine
- Video: Obama Unveils Federal Budget Plan
- The World’s Biggest Downtrend
- Forex Trading Review For 02/02/2010
- Stock And Forex Trading Picks For Tuesday 2 February
- ETF Update: A Contrarian Call On Chip Stocks
- Mutual Funds: Top Global Equity Funds
- Stock Buy: Tempur-Pedic
- Bear Of The Day: Progress Energy (PGN)
- Stock Buy: SKECHERS USA, Inc.
- Bull Of The Day: 3M Company (MMM)
- Stock Buy: Green Mountain Coffee Roasters Inc.
Posted: 02 Feb 2010 05:11 AM PST ( click to enlarge ) (MOT) - I will take long positions at this point hoping that this stock has reached the bottom. The reason for that is due to the fact that the stock has traded a huge amount of shares on Monday, again, probably a sign of capitulation. Could this be the reversal ? I’m betting it is, but I’m not sure. ( click to enlarge ) (AOB) broke out of a tight range on Monday and I’m watching for a continuation move today. Although the moving averages of stock are showing … [visit site to read more] |
Warning: This Isn’t Not Another Wall Street Conspiracy Theory, These Are The Facts Posted: 02 Feb 2010 05:01 AM PST Just last week, the House Committee on Oversight and Government Reform held a hearing on the U.S. Federal Reserve’s decision to directly pay billions of dollars to banks as part of its scheme to bail out insurance giant American International Group Inc. (AIG). According to committee Chairman Dennis Kucinich, D-Ohio, the testimony that congressmen heard just didn’t “pass the smell test.” What really stinks about the whole mess is not only the cover-up of what really happened and why, … [visit site to read more] |
Posted: 02 Feb 2010 04:49 AM PST The RBA surprised by not raising rates last night. This sent the AUDUSD sharply lower, erasing the gains from yesterday's rally higher. The price is now correcting higher as the failure to extend the downside has led to some profit taking. Yesterday the low came in at 0.8787. The lows today came in at 0.8781 and 0.8780. Each time down, the pair found anxious profit taking buyers who pushed the price back up. |
Forex Trading: EURUSD Tests The 100 Hour MA And Finding Some Profit Taking Sellers Posted: 02 Feb 2010 04:28 AM PST The EURUSD is testing the 100 hour MA as NY enters for the day. The level comes in at the 1.3954 level. On the downside, look for price to find support at the 1.3930-35 … [visit site to read more] |
Rough Waters Ahead For Financial Stocks Posted: 02 Feb 2010 04:01 AM PST Here in the United States, investors have been startled by the realization that Washington no longer appears to be acting as a benefactor to Wall Street, the financial markets, and the economy. Ever since the collapse of Lehman Bros. Holdings Inc. (OTC: LEHMQ) back in 2008, a Faustian deal was forged between Wall Street executives and the politicos in Washington: Ideologies would be thrown by the wayside to prevent a meltdown of the American financial system and the precipitous collapse of … [visit site to read more] |
Forex Trading: Reserve Bank Of Australia Shocks Markets & Aussie Dollar Collapses Posted: 02 Feb 2010 03:23 AM PST The RBA stunned the market by holding their cash rate steady at 3.75% and not hiking another 25bp, as was widely expected (roughly 80%). The AUD immediately collapsed, as traders anticipated eroding yield spread. The AUDUSD shed nearly one and a half big figures, trading from 0.8927 to 0.8780. However, the RBA’s accompanying statement clearly indicates that rates might go higher in the future. And that is what the traders are betting on, as near-term bank bill futures rallied by around … [visit site to read more] |
Obama’s Budget Proposal Adds $1 Trillion In Taxes, Balloons Federal Deficit Posted: 02 Feb 2010 03:01 AM PST President Barack Obama yesterday (Monday) unveiled a $3.8 trillion budget proposal that includes big tax increases on individuals and businesses, and expands the federal deficit by more than $5.5 trillion by the end of the decade, including a record $1.6 trillion next year. The budget blueprint for the fiscal year that begins Oct. 1 reflects the administration’s struggle to find a balance between containing the spiraling federal deficit with the need to boost the economy and create jobs - … [visit site to read more] |
Posted: 02 Feb 2010 02:03 AM PST Eurozone PPI came in slightly better than its 0.0% forecast at 0.1%, but it had little effect on the market as the EUR trades mid-range for the session at 1.3937. The market will now wait for pending home sales out of the U.S. and statements which will be made by Treasury Sec … [visit site to read more] |
Semiconductors ETFs Expected To Shine Posted: 02 Feb 2010 01:01 AM PST As consumer confidence strengthens, global economies grow and capital spending in corporate America is expected to increase, the semiconductor industry and its exchange traded funds (ETFs) are likely to reap the benefits. According to the latest data from the Conference Board, its index of consumer confidence increased for the third month in a row to its highest level in two years. This indicates that consumers are starting to see the light at the end of the tunnel and are hopeful that the … [visit site to read more] |
Video: Obama Unveils Federal Budget Plan Posted: 02 Feb 2010 01:00 AM PST President Barack Obama’s $3.83-trillion budget proposal aims to create jobs and cut the deficit. … [visit site to read more] |
Posted: 02 Feb 2010 12:31 AM PST I’m shorting China. China is the world’s largest, most liquid emerging market… and the main engine of global trade. This makes its stock market a kind of benchmark for riskier investments. I track Chinese stocks with the iShares FTSE/China 25 Index ETF (FXI). This fund just reached its lowest point in over six months. But the chart gets even worse when you look under the hood… Take a look at the middle window in the chart above. These bars represent trading volume. The tall red … [visit site to read more] |
Forex Trading Review For 02/02/2010 Posted: 02 Feb 2010 12:27 AM PST USD Dollar (USD) The Dollar was mixed versus the majors after better than expected Manufacturing PMI and gains in equity markets led investors to bet on global economic recovery. ISM Manufacturing PMI came out stronger with 58.4 versus 55.5 expected. NASDAQ and Dow Jones gained by 1.11% and 1.17% respectively as a lift in energy stocks led by strong earnings from Exxon Mobil contributed to a broad incline. Crude Oil gained by 2.79% closing at 74.92$ a barrel on weaker Dollar and assaults on … [visit site to read more] |
Stock And Forex Trading Picks For Tuesday 2 February Posted: 01 Feb 2010 11:06 PM PST After Monday’s trend day higher, investors may continue to look for bargains through the middle of this week. Certainly the market’s nature has changed during the past two weeks, with many trading days characterized by sustained distribution and an absence of dip buyers. Monday we are getting some news that Senator Dodd wants to water down President Obama’s bank proposals. The President’s newly aggressive stance on banks (which I support) was a catalyst for the current bearish cycle, … [visit site to read more] |
ETF Update: A Contrarian Call On Chip Stocks Posted: 01 Feb 2010 11:01 PM PST Over the last two weeks of trading, those focused on the daily lesson have come to expect that stocks will move lower. We all know about behavioral finance. We know how easily humans see a “pattern” from a few data points. Here is the interesting thing about patterns: There is no “flu shot” for behavioral finance. If you give traders a few days of trading experience - higher open, selling, lower close - they will all learn the drill. The long-awaited “correction” is upon … [visit site to read more] |
Mutual Funds: Top Global Equity Funds Posted: 01 Feb 2010 10:50 PM PST Today we are featuring top-performing "Global” equity mutual funds, which help investors diversify by investing in both U.S. and foreign equity securities. |
Posted: 01 Feb 2010 09:00 PM PST Tempur-Pedic International Inc. (TPX) posted its seventh consecutive earnings surprise on top-line growth and a better profit margin. |
Bear Of The Day: Progress Energy (PGN) Posted: 01 Feb 2010 09:00 PM PST Progress Energy (PGN) is one of the nation’s larger pure-play electricity utilities. Given the disappointing outcome of the Florida rate case and lowered 2010 guidance, we expect the stock to remain under pressure in the near term. |
Posted: 01 Feb 2010 09:00 PM PST SKECHERS USA, Inc. (SKX) already announced it would post record revenue for the fourth quarter which has pushed the Zacks Consensus Estimates higher. The stock has attractive value characteristics, trading at 14.96x forward earnings. |
Bull Of The Day: 3M Company (MMM) Posted: 01 Feb 2010 09:00 PM PST We are maintaining our Outperform rating on 3M Company (MMM) with a target price of $89. In the most recent quarter, selling prices were again positive, which boosted gross margin by 50 basis points. |
Stock Buy: Green Mountain Coffee Roasters Inc. Posted: 01 Feb 2010 09:00 PM PST Green Mountain Coffee Roasters Inc. (GMCR) just hit a new 52-week and all-time high at $88.65 after reporting awesome Q1 results on Jan 28 that were easily ahead of estimates. |
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