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- Corporate Bankruptcies Will Be A Key Investor Concern In The New Year
Investors are breathing a sigh of relief that 2008 is over, but they shouldn’t get too comfortable. After all, with a worldwide recession under way, investors can expect acceleration in corporate bankruptcies in 2009.
But the question is - which ones?
In the financial services sector, 2008 was a year of spectacular failures:
Bear Stearns Cos. and Merrill Lynch & Co. Inc. were absorbed by JP Morgan Chase & Co. (JPM) and Bank of America (BAC), respectively.
Lehman … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. 
Переслать - Tuesday's Market Recap: Stocks Post Gains Despite Negative News
Wall Street bounced back on Tuesday with gains across all three major U.S. indices. The Dow Jones Industrial Average (^DJI) added 0.69%, and ended with 9,015 points. The Nasdaq composite index (^IXIC) climbed 1.50%, and ended at 1,652. The S&P 500 (^GSPC) rose by 0.78%, and finishing with 934 points. The Russell 2000 index (^RUT) was also higher by 1.01% and closed the day at 514 points. Markets were higher even despite several bits of negative news. Home sales for the month … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 5 ETFs You Shouldn't Count Out
Those who clung to their financial stocks may be the ones grinning as financials and their related exchange traded funds (ETFs) pick up momentum in 2009.
The Financial Select Sector SPDR (XLF) has fallen 2.2% after the overnight lending-rate target was cut to nearly zero on Dec. 16, reports Jeff D. Opdyke for The Wall Street Journal.
But a financial bounce back could be in the works as some managers dumped holdings for year-end reports and a few booked losses to offset capital gains … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Credit Crunch That Isn't
The media and the political interventionists have insisted that a huge credit crunch is going on that “proves” the failure of financial capitalism and the free market in general. What is a work is another political “fast one” to rationalize and justify the growth of the interventionist-welfare state.
The Federal Reserve’s own data shows this to be another big government lie. Throughout 2008 bank loans have been increasing compared to a year earlier, both in absolute dollar terms … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Against Other Currencies, How Do Dollar And ETF Fare?
With the world’s economies in disarray, different currencies around the world cannot all be highly favored, but the dollar and its exchange traded fund (ETF) is still considered a safe haven for most investors.
It was during 2008 when the global financial crisis intensified and the dollar’s six-year decline against the euro and other top-performing currencies reversed their trends, reports Patrick Lane for Economist.
But there are currencies out there that are faring quite well … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Looking At UNG Natural Gas Fund And Divergences
Similar to the chart of Crude Oil, let’s take a moment to see the structure of the US Natural Gas Fund ETF - UNG (UNG) both on the weekly and daily charts. There’s some interesting divergences that might be of interest to you.
UNG Weekly Chart:
The Fund started trading in mid-2007 during a sharp run-up in both crude oil and natural gas prices, and UNG investors were rewarded handsomely in 2008 but all investment gains and more were wiped out in the 2nd half of 2008… and so now … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Growth Vs. Value ETFs Debate Rages On
We ended 2008 with a shriveled market in comparison to the robust volume we began with at the start of the year, but at that time it seemed as though the formerly distraught investors were hedging their bets by relying on “value” exchange traded funds (ETFs).
There are 10 broad-market “value” ETFs and 10 broad-market “growth” ETFs with Barclay’s iShares, Powershares, and Vanguard being the more prominent fund families, writes Gary Gordon for ETF Expert.
As of Dec. 26, five of 10 … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why Your FICO Score Matters And What To Do About It
A consumer’s credit score is based on a statistical analysis of a person’s credit record and is meant to assess their credit risk. A credit score is primarily based on information gleamed from one of the three main credit bureaus. Lenders use credit scores to determine whether or not you should qualify for a loan, at what interest rate, and what your credit limit should be.
The primary score out there within industry and available to US consumers is the FICO score. You can get your FICO … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Best US Stock Market Buy Signal In 51 Years
Media pundits keep reminding us how tough 2009 will be economically. Nevertheless, I predict this will be a good year for the stock market.
How can this be?
The stock market is a leading indicator. It generally falls before consumers and investors realize just how bad the economy is.
It also recovers long before economic activity picks up. Perversely, that means stocks often plummet during good economic times and rally during recessions… or worse.
In the January issue of The … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US FOMC Minutes Highlights: Significant Contraction In Economic Activity
The Federal Reserve Board and the Federal Open Market Committee on Tuesday released 'minutes’ of the Committee meeting held on December 15-16, 2008.
Based on reported developments in domestic financial markets and the information reviewed during the meeting, the Committee noted a significant contraction in economic activity in the fourth quarter.
According to the November employment report, conditions in the labor market deteriorated considerably in recent months with payroll … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Deflation Watch III
Some companies are cutting compensation levels and hours rather than cutting employment. For example, here is a report on Visteon, the car parts supplier, that is putting 2,050 employees on a 4-day week and cutting their wages by 20%. If you Google “wage cuts” you get 529,000 responses.
Cutting wages and/or hours is a more humane way to downsize than firing people outright, in my opinion. But to the extent that wage and hour cuts has been and will continue to be a trend, it … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Global Investing Roundup: Alcoa, Apple, Best Buy, India Exports
Alcoa Cuts 13% of Workforce; Best Buy to Sell Used iPhones; Jobs’ Statement Earns Apple Upgrade; India Exports Slowing Dramatically; Europe Inflation at 2-Year Low; U.S. Still Innovation Leader; Belarus to Secure IMF Aid
Alcoa Inc. (AA) said late yesterday (Tuesday) that it will cut 13% of its global workforce. The company will also sell four business units, cut output, freeze salaries and hiring efforts, MarketWatch reported. The measures will result in a fourth-quarter charge of … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Korea's "Green" Attempt To Create 100,000 New Jobs
Korean Prime Minister Han Seung-soo officially introduced the nation’s Green New Deal Job Creation Plan today which hopes to eventually create some 100,000 new jobs and boost a slumping economy. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Oil Prices Rise Above $50, Then Fall
Continued unrest in the Middle East once again led to a boost in crude prices earlier in the day, but the release of further poor US economic managed to halt the crude rally and sent oil prices back down at the end of the day. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Markets Volatile As Oil Prices Fluctuate
US markets are volatile, with the DOW dipping into negative territory before rebounding slightly, as oil prices fall from $50 to $48 in morning trading. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Hang Seng Reverses Gains By Settling In The Red
Hong Kong’s Hang Seng index managed to reverse recent gains and stand alone this session by posting the only negative settle amongst the major Asian/Pacific markets. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Markets Lack Direction
Investors are looking toward the Obama inauguration but the markets will likely lack directions for a few months. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: The Dollar Rally Continues
The US dollar continued to post even further gains this past trading session as continued poor euro-zone economic data and plans of a US economic stimulus plan retained optimism in the greenback. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: GBP/USD Moves Higher On The Back Of Further EUR/GBP Pressure
The GBP/USD has moved to new highs on the day - moving back above the 200 hour moving average.
As mentioned in the morning commentary, the GBP/USD came under pressure earlier today on the back of the weaker home data released earlier today. The pair moved down to the 100 hour moving average where it bounced. Since then the EUR/GBP has come under additional pressure and this has buoyed the GBP/USD higher.
Now the pair looks as if it wants to break higher from the non-trending … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: EUR/GBP Makes New Lows On The Day
The EUR/GBP has made another new low on the day and is starting to approach the 38.2% retracement target support level. As outlined over the last few days, the EUR/GBP has been correcting after the sharp run up in the pair since October (+27% from October to the highs in December). Now with ECB inflation falling more than expected and the markets worry about growth in the Eurozone, the pair has been moving lower. The 38.2% retracement comes in at 0.9000. This would be the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Goldman Sach's Breaks ICE
Broker Goldman Sach’s announced today that it downgraded stock of the Intercontinental Exchange (ICE) due to poor year to year commision and declining volume. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Silver Up 17% In Month But Remains Very Oversold
Gold has fallen again today (Tuesday) and is down some 1% but continues to consolidate between $830/oz and $890/oz. Gold should remain well bid given the degree of international macroeconomic and geopolitical risk challenging us as we enter the New Year. The Middle East tensions continue to escalate and oil is up another 2.5% again today to some $50 per barrel again. Silver has outperformed even gold in the last 30 days and is trading very well - up nearly 17% versus gold’s rise of … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Daily Forex Analysis: US Dollar Gets A Boost
Today’s (Tuesday) Economic Reports
All times EASTERN (-5 GMT)10:00am USD ISM Non-Manufacturing PMI
10:00am USD Pending Home Sales m/m
10:00am USD Factory Orders m/m
2:00pm USD FOMC Meeting MinutesLooking Ahead to Wednesday
All times EASTERN (-5 GMT)7:30am USD Challenger Job Cuts y/y
8:15am USD ADP Non-Farm Employment Change
10:30am USD Crude Oil InventoriesSummary
The USD is better against most major pairs this morning as traders unwound EURO-Sterling and … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - A Question Of Leadership At Apple
Based off the last news reports, without Steve Jobs, the multi-billion-dollar enterprise that is Apple (AAPL) would simply cease to exist. Every new report of his health is followed in the market, and Apple’s stock price takes corresponding hikes and plunges.
But Apple isn’t the only corporation with similar founder/leader issues.
Berkshire Hathaway (BRK-A), and Dell (DELL), for example, both have stocks tied to the brand name of their founders - Warren Buffett and Michael … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - A Short And Long Term Look At Crude Oil
A couple of readers have asked me to take a look at current Crude Oil structure and what might be ahead. Let’s do so both on the daily chart, and then see a full Elliott Wave Count with an interesting twist on the Monthly Chart.
Crude Oil ($WTIC) Daily:
Probably the first thing that jumps off the chart is the strength and relentlessness of the current downtrend - price has barely made any meaningful counter-retracement at all.
We’re currently in a counter-trend retracement … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: EUR/USD Cracks Overnight On CPI Flash
The Eurozone Flash CPI came in at 1.6%, lower than the 1.8% expectation and down from 2.1% last month. The 1.6 rate assumes a M/M change of 0.0%. The risk for inflation in the Eurozone is declining and could easily move toward 0.0% in a few months as domestic economic growth stagnates and exports slow due to the higher EURO (versus GBP and USD).
From a technical perspective, the 100 day moving average at the 1.3616 level was broken for the second day in a row. Yesterday, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Direxion Triple ETFs Add New Horses To Stable
While skeptics abound about the usefulness of triple ETFs for the long-term investor, I have been saying since early on that the Direxion triple ETFs would revolutionize day trading.
Now that their novelty has worn thin and traders have had an opportunity to experiment with various approaches to trading triple ETFs, these vehicles have become an integral part of the day trading scene, particularly on trend days.
Looking to capitalize on the appeal of these nuclear-tipped trading … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - UK's FSA In Mercy Killing Of UK Bank Shareholders
Well, that could be one view of the FSA’s decision to allow the banning of short selling UK financial shares to lapse on 16th January.
I don’t subscribe to the view that it was shorting that caused the bank share prices all their pain; it was their dodgy balance sheets.
Sadly, these are not improving very fast and so the situation remains that shorting may re-commence with a vengeance.
Perhaps the one chink of light for the Bank Shareholders is that the Hedgies are a bit shorter … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: USD/CHF Continues Move Higher, Approaches Resistance
The USD/CHF continued its move higher overnight. The pair moved through the 38.2% retracement level at the 1.1105 level and is now targeting a test of the 50% retracement level which comes in at the 1.1323 level. Above that level is the 100 day MA which comes in at the 1.1386 level. The high today has taken the pair to the 1.1278 level.
On a shorter term intaraday basis, the pair has moved consistently higher and higher today The 1.1220 to 1.1230 level should be good … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Construction Industry: No Bottom Yet
On January 5, 2009, a modicum of encouragement was exhibited in the Commerce Department’s report that total construction spending dropped by 0.6% in November 2008, about half the 1.3% decline estimated, as record activity on nonresidential projects partially offset the continued steep decline experienced for housing (the 4.2% decline in housing construction was significantly moderated by the unusually strong 0.7% rise in nonresidential activity).
The November 2008 0.6% decline in total … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Apple Covered Call Revisited: Same Share Price At $95, But I'm Up $600
On Oct. 26, 2008, I posted on the Apple Covered Call Options Play I entered into. At the time, Apple (AAPL) shares were trading at 94.6. Monday, they closed at about the same value. To demonstrate the efficacy of entering into credit spread plays at a time of extreme market volatility, consider that the underlying share trade is a net wash, yet my option position is up close to $600. As highlighted previously, concurrent with my purchase of 100 shares of Apple, I also sold a Call Option … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - What Will Make The Biggest Stories In 2009?
It’s that time of year again. The obese pledge to hit the gym, the drunks plan to switch to soda, and the smokers will run to the nearest convenience store for their nicotine patches. As is the American way, very few of those who confront their self proclaimed character flaws will have the fortitude to see their goals through.
I have been asked several times over the past week or so if I’ve made any New Year’s resolutions. I usually answer that question with a simple no, but it’s not … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Looking Back: What Went Wrong?
There are plenty of “Year in Review” articles in mainstream media and on the Web. Here we try to add value, so we are not going to tread the same ground. Instead, let us offer a few ideas that seem to have been neglected.
Looking for Causation
Investors looking forward, as they should, need to understand what happened in 2008. The easy explanation, which has plenty of truth, is that there was too much leverage, too much greed, a poor job by rating agencies, and a system that sold … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The End Of "Cheap Gas" Will Come Sooner Than You Think
2008 brought about mixed emotions. On one hand we had cheaper gasoline than we've seen in many, many years (the good). Then we had the economy sliding off the cliff (the bad) and finally the unemployment rate shooting through the roof (the ugly). Oil futures are predicting $60 oil by next December. I think it will at least hit that and could head even higher by then. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why Middle Eastern ETFs Could Prove Themselves In 2009
As 2009 approaches many investors are considering where to put their money in the New Year, particularly with exchange traded funds (ETFs). Will the Middle East and Africa be a profitable place to put your money in the near future?
The real estate market may prove to be a decent place to park your money in the Middle East. According to Homesgofast, the top places for prospects of growth from international property investors are Dubai, Egypt and Tunisia. Some of this research is backed … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Dr. Market Says: I Love Risk
“I ♥ risk”.
That seems to be the message that Dr. Market is conveying thus far in 2009. The S&P 500 has already exceeded its maximum gain of 2008, when it briefly traded up 0.23% on the year on the first day of trading before closing down 1.4% on the day. Volumes remain modest thus far as many traders still seem to be wiping the sleep from their eyes. Nevertheless, the fact that the stock market is up at all provides as good a confirmation as any that 2009 is indeed a different … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Research In Motion Is Poised To Dial Up Profits
Research in Motion Ltd. (RIMM) - maker of the ubiquitous BlackBerry - is likely to consolidate and increase its market share.
Almost all of our “Buy, Sell or Hold” recommended stocks started out on the right foot here in the New Year. And our strategy of building up a position gradually up to year-end - to avoid the downward pressure of tax-loss selling, and other volatility - seems to have worked. This has left some cash on the sidelines to take advantage of any sell-offs that are … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - U.S. Banks Refuse To Detail How They're Spending Federal Bailout Money
After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S. banks say they can’t track how that money is being spent.
Some of the banks are outright refusing to discuss the matter, a new study has found.“We have not disclosed that to the public. We’re declining to,” Thomas Kelly, a spokesman for JP Morgan Chase & Co. (JPM) told The Associated Press, which surveyed 21 banks that received at least $1 billion in federal bailout money, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Winds Of Protectionism Are Gaining Strength
Although history never quite repeats itself, some patterns remain the same.
During the boom times, there is widespread and growing support for open borders and ever expanding cross-border commerce. However, when the economic pendulum swings the other way, so does faith in free trade.
Thus, it should come as no surprise, as the following Reuters report, “Obama, Congress Leaders to Meet Monday on Economy,” seems to make clear [in the paragraphs I've highlighted in bold italic], that … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - DIA: Inside Monday's Interesting But Frustrating Trading
What a battle we have going on between relentless bulls and emboldened bears - the struggle of which was evident in the push-pull 'go nowhere’ intraday trading action seen on the broader US Equity Indexes and ETFs. Let’s look as usual under the hood at the 5-min DIA (DIA) action to see the footprints of this battle and note key trade set-ups - most of which were ineffective - for the day.
DIA 5-min chart:
Let me preface by saying I had a crummy trading day as it seemed none … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Pre-Market: 1st Monday Of 2009
The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Hang Seng Soars In Asian Trade
The first day of the trading week within the major Asian markets was yet anohter good one led by Hong Kong’s Hang Seng which managed to gain more than 5oo points on the day. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: EUR/USD Closes Right Above 100Hr Moving Average
The start of 2009 has continued to bring the extraordinary volatility we experienced in 2008, particularly in the latter part of the year. After a EUR/USD rally to close 2008, a seemingly profit taking sell-off brought the pair to the lows seen in yesterday’s session. However, an interesting technical event occurred at the close of the trading day with the pair moving right above the 100 day moving average with a last minute rally. The pair has been unable to hold above that indicator … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Economy Continues To Crush Automakers
Customer pessimism continues unabated in the United States leaving big ticket item sales near lows not seen in half a century. For Automakers, this combined with the lack of credit for leases, means car sales are still plummeting. Detroit’s problems have been well documented of late but even Japan’s best saw US sales slump dramatically in December.
General Motors (GM) sales were down 31% in the last month of 2008, which pegged US sales over the year at a 49 year low. The American … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Dollar Surges To Start Off The Week
The US dollar rallied against both the euro and yen this session as a boost in US stock prices ultimately led to a boost in risk appetite for the strong greenback. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Trade Ideas For Tuesday - Ciena And LDK Solar
Chart courtesy of www.stockcharts.com ( click to enlarge )
Over the past days we are hearing rumours about a possible buyout of Ciena (CIEN). In fact, these rumors have increased significanlty and are taking into account the investors minds. Ciena’s name has been several times mentioned out there as one of the possible targets of Cisco or even Juniper. I don’t know the fundamentals of the information neither where they came, but it makes a lot of sense for me, because the price is … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Mastercard To Acquire Orbiscom For $100 Million
Mast ercard Incorporated announced this morning that it will acquire payments services software provider Orbiscom for a reported $100 million. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Obama's Stimulus Plan Backed By Promises Of Fiscal Restraint And Tax Cuts
President-Elect Barack Obama headed to Capitol Hill yesterday (Monday) to meet with House and Senate leaders to push for quick action on his broad economic stimulus package that could cost as much as $775 billion.
But in a concession to his need for bi-partisan support to pass any package, Obama promised “radical reforms” to impose more control over the federal budget in the future, The New York Times reported.
Republican leaders have already started voicing criticism of the recovery … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Light Volume As Investors Slowly Return To Market
Volume is still on the light side as investors may be slow to return to work. Breadth was positive even with negative headline numbers.
Despite all notifications of ridiculously poor mathematical calculations Yahoo/Finance still can’t seem to get things right as you’ll note below.
Meanwhile, our man in Geneva, David Hurwitz, gives us his version of the day on the NYSE.
Frankly, we need a few more days like this to work off some serious overbought conditions. As I was … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - How Germany Intends To Fight The Slump
Germany may be headed for a wash of unemployment, giving markets and exchange traded funds (ETFs) a grim outlook for 2009.
One leading economist in Germany anticipates 700,000 job losses in their country for the year 2009, as the economy is set to shrink by 2%-2.7% within the year. This is a total reversal within the labor market, as 2008 proved to have immunity to some of the letdown experienced from the credit crunch. The Local reports that the most likely indicator will fall back … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Markets Pull Back After Rally
On the second trading day of 2009 the market broke its three-day winning streak as the major indices fell. The Dow (^DJI) led the way lower with a drop of 0.9% or 81 points to 8952 - back below the elusive 9000 level. The S&P 500 (^GSPC) fared better, falling 0.5% or 4 points to 927. The NASDAQ (^IXIC) almost snuck into the green, but ended the day lower by 4 points or 0.25% at 1628. Oil finished higher by $2 and gold fell $20.
First of all, I want to wish everyone a Happy New … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - What Warren Buffett Thinks Of ETFs
The most famous investor of all weighs in on exchange traded funds (ETFs) and gives his opinion of the investment tool.
Warren Buffett suggests that traditional index mutual funds are a more appropriate investment tool for the average investor than ETFs. His primary reason for this suggestion is that there is no pressure from brokers to engage in frequent trading, states Amanda B. Kish of the Motley Fool Champion Funds.
Although some may agree with Buffett, there are numerous … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why Italy, ETF Grudgingly Embrace Recession
Italy is looking at a deeper recession which is a result of business activities crumbling as Europe’s fourth-largest economy and its subsequent exchange traded fund (ETF) are dragged further downward.
Italian business confidence fell from 71.6 in Nov. to 66.6, its lowest level since index began in 1991, as contagious pessimism rampages through company outlook for orders and production, reports Sofia Celeste for The Wall Street Journal.
The drop further indicates economists’ view … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Ultimate Showdown: Crude Vs. Natural Gas
Many investors wonder whether or not there are advantages to being long or short one commodity versus another or if all commodities will roughly trade in the same manner. Like many of the other questions I tackle here on the website, there is no exact answer (as is the case with many questions dealing with the financial markets) to these questions. Even though there is no precise mathematical science to answer this question, there are many identifiable factors involved that can shed … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Painless Ways To Trim The Budget
Here we talk a lot about budgets and something we mention whenever budgets come up is 'trimming the fat’ to help you save money. What we don’t do is give you some ideas on WHAT to trim. There’s the standard issue “cut the trips to Starbucks” that everyone mentions, but let’s face it, sometimes you need to cut more than that. So, here’s a list of seven things you can cut and trim from your budget.
# 1 - Luxuries
This one definitely includes things like going to Starbucks, but that’s not … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Dividend Aristocrats List For 2009
In December Standard and Poor’s updated their Dividend Aristocrats list. The companies which were added were:
The companies removed from the list are:
Anheuser-Busch (BUD)
Bank of America (BAC)
Comerica (CMA)
Fifth Third Bancorp (FITB)
Keycorp (KEY)
Nucor (NUE)
Progressive (PGR)
Regions Financial (RF)
Wrigley Wm (WWY)The biggest surprise is the removal of Nucor (NUE) from this elite list despite the fact that the company … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Geopolitical Risk Will Lead To Further Safe Haven Demand For Gold
Gold has commenced the New Year as it did in 2008 - up sharply in early trading before selling off somewhat. Gold surged (along with oil) on the open in Asia on geopolitical concerns with the Israeli military offensive against Gaza escalating. However, with oil giving up some of its earlier gains and the dollar stronger against most currencies so far this morning, gold has given up its earlier gains.
The reemergence of geopolitical concerns in the Middle East (and with Russia) is … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: USD/CHF Moves Sharply Higher
The USD/CHF was able to use the 200 hour moving average and 50% retracement level of the last move down as a spring board in London hours (at the 1.0750 level). The momentum was enough to move the pair above the 200 day MA today at the 1.0860 level. The combination led to sharp moves higher in the pair in a short period of time (see chart above).
The pair reached a high for the day at the 1.1119 level. The 38.2% retracement level of the move down from the November high of … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: EUR/USD Breaks Key Longer Term Support
The EUR/USD moved below the 100 day moving average at the 1.3628 level today and triggered additional selling. The level will be a key level today if the pair can close below the level, the bias in the intermediate term time frame turns negative.
If the pair can stay below this key level today, the next target would be the 50% retracement level of the last move higher. The pair moved up from a low of 1.2329 on October 28th and reached a high of 1.4719 on December 18th. The … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Daily Forex Analysis: Early USD Weakness Gives Way To Strength
Overnight Asia/Europe
Early USD weakness gives way to strength
Equities mixed, Oil firmer
Speculation two-way on what will happen early in the yearToday’s Economic Reports
All times EASTERN (-5 GMT)10:00am USD Construction Spending m/m
All Day USD Total Vehicle Sales
1:15pm USD FOMC Member Yellen SpeaksLooking Ahead to Tuesday
All times EASTERN (-5 GMT)10:00am USD ISM Non-Manufacturing PMI
10:00am USD Pending Home Sales m/m
10:00am USD Factory Orders … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать
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