Thursday, July 10, 2008

Grace Cheng (18 сообщений)

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  • Daily Forex Market Commentary

    EURO

    The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5690 level and was capped around the $1.5760 level. Technically, today's intraday high was right around the 50% retracement of the move from $1.5910 to $1.5610. NYMEX crude oil futures for August delivery were flat for the day through early North American dealing and this capped the euro's upside. The European Central Bank's July monthly … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Thursday: Daily Forex Analysis

    Today's US Dollar Trading

    •USD remains two-way, volumes thin
    •Majors hold support, USD fails late in the day
    •Equities and Energies in focus due to light data

    Overnight Preview

    •Look for the USD to continue two-way
    •Book-squaring ahead of US news possible overnight

    Looking Ahead to Thursday
    All times EASTERN (-5 GMT)
    •8:30am USD Unemployment Claims
    •10:00am USD Fed Chairman Bernanke Testifies
    •10:35am USD Natural Gas Storage
    Claims likely to be main focus … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Apple's 3G iPhone Will Be Even More Successful

    Apple Inc. (AAPL) will release the long awaited second generation iPhone on Friday, and Apple faithful will be lining up to purchase the 3G phone. In fact, it's been reported that lines at a New York City Apple store started forming last Friday, a week prior to roll out. Apple has worked hard to iron out some of the issues that hindered the first iPhone's sales. This is not to say that the first iPhone was not a success because it most certainly has been. However, … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Stock Picks And Trade Ideas For Thursday - TQNT, CEL, GE, NVDA

    Chart courtesy of stockcharts ( click to enlarge )

    Looking for the latest news from Wall Street regarding NVIDIA (NVDA) , it looks like many people grabbed the recent drop in share price to put their money working on the long side in this baby, probably … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • US Stock Market Summary For Wednesday: Bears 3, Bulls 0

    Last evening I wrote the following:

    (July 8th, 2008) Was today the bounce that the technical indicators told us was overdue? Was today's advances a head fake or will this be the start of the next 'bear market rally'? These questions can not be answered with just one day printed on the tape. We will need to see how any follow through sets up on the charts.

    Today was a perfect example of why it is so vitally important to wait for confirmation … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • America's Carmart Buy Alert

    America’s Carmart, Inc. (CRMT) is barreling forward and producing very impressive results for shareholders in a very challenging environment. The company’s fourth-quarter results, reported just last week, contained big improvements in both revenue and income from the same period last year. After the solid performance, shares of CRMT rallied and set a new 52-week high.

    America’s Carmart, Inc. operates as an automotive retailer in the United States. At the end … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Family Dollar Stores Buy Alert

    Bucking the trend, Family Dollar Stores is thriving in a tough retail environment. The company has beaten Wall Street estimates three out of the last four quarters by an average of 7.78%. The company has a forward P/E of 14.06.

    Company Description

    Family Dollar Stores, Inc. (FDO) is a discount store chain with more than 6,430 stores in 44 states. Headquartered in Matthews, NC, the company’s stores are smaller than the … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Upgraded Broker Ratings

    I’m sure a lot you have experienced the pleasure of waking up and finding that a covering broker upgraded their rating on one of your stocks.

    I’m also guessing that you probably experienced the opposite, and found that one of the brokers downgraded your stock.

    While nobody can perfectly guard against downgrades (or forecast all upgrades), it’s important to know how the market reacts. Therefore, you can stay in your upgraded winners (or buy if you’re on the fence) and consider getting out … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Obama: Will Anti-Free Trade Policy Hurt The Global Economy?

    Clearly demonstrating his total misunderstanding of how a free-market works, Democratic presidential candidate Barack Obama said 'it would be a shame' if Anheuser-Busch (BUD) was sold to a foreign company.According to a Reuters report, Obama said, " I think we should be able to find an American company that is interested in purchasing Anheuser Busch if in fact … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • New Energy Finance - NEX - Weekly Review

    Each week I provide a review of the previous week's performance of the WilderHill New Energy Global Innovation Index, symbol NEX. This information is provided by New Energy Finance. The NEX is the bogey for the PowerShares Global Clean Energy Fund (PBD). These results are for the week ending on Friday. PBD is my choice of the renewable energy ETFs due to it global reach and lack of asset concentration into a few stocks.

    The NEX lost 4.4% for the week, … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Enough Is Enough

    Yesterday was an instructive (and, for equity shorts, expensive) lesson that it’s not how you start, it’s how you finish. Tuesday might have started ugly early, but provided evidence that the equity market Maginot Line is providing a more effective resistance to the marauding hordes than the real one ever did.

    So what now? Macro Man can feel the near-term conviction draining out of him like … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • The Best Way To Use Gold To Protect Your Portfolio And Profit

    By Keith Fitz-Gerald

    One of the things people don’t understand about buying gold for diversification is that it doesn’t work all the time.

    Obviously, gold has been bid up substantially in recent months so the 100% rise we expect based on historical patterns may not be as extreme, nor may it rise another 100% from current levels, but the point remains valid - we don’t buy gold because it hedges bad times.

    We buy it because gold protects the income stream we get … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • An ETF Trend-Following Plan For All Seasons

    It's hard to believe that the S&P 500 Index has been flatter than a pancake for the past nine years. It's had its ups and downs, but when you connect the dots, it went virtually nowhere.

    It's even harder for index investors who relied on this large-cap benchmark to grow their retirement savings. To think, a portfolio with $100,000 allocated to the S&P 500 hardly budged at all. That's a lot of wasted time and missed opportunity.

    That's why we advocate following trends and … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Not The Bounce I Had In Mind

    Thus far it is a very interesting tape today. The moves we are seeing in agriculture, coal, steel, and other commodity related stocks is reminiscent of the moves we have grown accustomed to over the last year. Take a quick look at the $CRX (Commodity Related Equity Index).

    The CRX Finds Support

    visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Wireless Infrastructure Growth Still Expected

    Our Zacks senior analyst covering the semiconductor portion of the tech industry, Abdul Saleh, has always been helpful with allowing investors to see how certain aspects of the industry are expected (or not expected) to improve over the near- to medium-term. Here's what he had for us most recently.

    You cover the semiconductor industry within the overall tech sector. How are things progressing in this space these days?

    As you might … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Hedge Your Portfolio With ETFs

    THE FINAL NUMBERS - TWO DAY SYNOPSIS NEWS: A 152-point rally yesterday was overshadowed by the 236 pummeling the Dow took today. Through the first three days of the week the Dow is down 1.25% and closed at the lowest level in nearly 2 years. The S&P 500 has lost 1.4% on the week after falling 29 points or 2.3% today. The NASDAQ has continued to hold up better than its peers, down 2.6% today, but only off 0.5% for the week. Within the asset classes, the Mid-Cap stocks … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • Dollar Slips On News of Iran's Missile Tests and Merrill's Potential Downgrade

    There is simply no direction in the financial markets, especially the currency markets, in the absence of major US economic data releases. Major currency pairs such as EUR/USD, USD/CHF and USD/JPY have been moving more or less sideways since Monday with the US dollar on the stronger side, but today the US currency is looking a bit vulnerable as US stocks dip into the red after Tuesday’s “rally”, and on news that Iran has test fired long and medium range missiles, capable of reaching Israel. The … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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  • US Dollar Remains Within Established Trading Ranges

    Today's US Dollar Trading

    •USD weaker in Asia, then rallies
    •Two-way technical action but thin volumes
    •US data no help for the bears

    Overnight Preview
    •Look for the USD to consolidate and reverse
    •More two-way action expected

    Looking Ahead to Wednesday
    All times EASTERN (-5 GMT)
    •10:35am USD Crude Oil Inventories
    Light start to the week, traders watching G8 summit closely

    Summary
    The USD is stronger across the board after a … [visit site to read more]

    Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.



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