| rss2email.ru | На что подписаться? | Управление подпиской |
 Daily MarketsYour Views Make News http://www.dailymarkets.com рекомендовать друзьям >> |
- 2 Possible Stocks To Short Immediately
In the course of the last year, I have tried to keep my stock picks on this site long-only.
I believe it’s time to make a change and start including short positions in the portfolio as well as I feel that we are missing out on significant opportunities that would allow us to thrive in any market conditions, especially now.
Today I wanted to touch briefly on my reasons for deciding to include potential short positions in my watch list, and give you a couple of ideas that I am … [visit site to read more]
Переслать - More Stocks With Basing Chart Patterns
Our guests left this morning and I’m all yours again. Don’t take this personally, it was really good to get away from trying to come up with something new to write about each day plus, generally, putting some distance between me and the minute-by-minute, hour-by-hour gyrations of the market.
But there’s another reason it was good to get away. Had I been watching the market as intently as I usually do, I might have either pulled the trigger and loaded up more on stocks as I saw some … [visit site to read more]
Переслать - Barron's Top 1000 Advisers List: It's Absurd
Barron’s Cover Story
Fine print about the criteria for rankings
What a joke this ranking is. Barron’s per above ranks all the advisers based on assets under management and revenue generated for the firm along with quality of service and regulatory records. It goes on to state further that investment performance is not a criteria for measuring advisers. Why ? Information is not available. The rankings are put out by “Winner’s Circle” - a firm that Barrons acquired … [visit site to read more]
Переслать - USO: Keeping An Eye On Oil
USO (USO), the oil ETF, displayed some interesting action on Friday, gapping down at the open, then building a base before spiking higher on heavy volume, followed by a sharp decline to end the day down just over 2%. Volume was perhaps the highest in the history of the ETF. Below are 6 month and 5 day charts:
Considering that volume has been building during the past month as USO has consolidated near the lows, and also considering recent action in oil services and other … [visit site to read more]
Переслать - 'Public Bank Bonus' In The UK
Alistair Darling was on the Andrew Marr show this morning, making it clear that the Government is going to have a quiet word with Stephen Hester about the Royal Bank of Scotland (RBS) bank bonuses. The Labour tribe are in full swing in demanding that no money be paid out. The BBC mischievously says RBS is about to pay out £1 billion in bonus’s for a bank that has lost £28 billion this year.
George Osborne was quite clear to say on the show too that senior management should not get … [visit site to read more]
Переслать - A Little Trick In Friday's Trend Day Up
Friday gave us a solid, upward performance in the US Equity Indexes. Let’s zoom in to the 5-minute chart and learn a valuable lesson regarding Trend Days and Stop-Loss Strategy or Trade Management.
DIA (DIA) 5-min February 6th 2009:
Friday’s action wasn’t an “Ideal” Trend Day, but a Trend Day it was. Most trend days open with a large-scale overnight (or morning) gap, though Friday’s action was gap-like (not technically a gap). Momentum and price soared to new highs right … [visit site to read more]
Переслать - Puget Power: When Greed Interferes
On Friday February 7th Puget Power (PSD) announced the closing of the sale of its core business at $30 per share. Regular readers of my blog will recall that I recommended a purchase of PSD in November of last year at $18. If one includes the $.25 dividend payment from Jan 16th, and the pro rata dividend of $.04 this transaction returns $30.29, or a profit of an impressive 68%.
While I am very happy to have a 68% win on a 3 month investment (and hope several of you are also counting … [visit site to read more]
Переслать - Disney Disappoints With 1st Quarter 2009 Earnings
Walt Disney Co. (DIS) recently reported earnings for its first quarter of the 2009 fiscal year, and even Mickey is probably frowning at the results. Earnings per share declined to $0.45 from $0.63 year ago. Analysts had expected EPS to fall only $0.12 cents, to $0.51, on average. Revenue also fell from $10.5 billion to $9.6 billion, an 8.2% drop. Analysts had been calling for revenue of $10 billion. The media giant is being hit from all angles, as the advertising market … [visit site to read more]
Переслать - US Economic Forecasts And Misleading Averages
Consider some assertions that seem to justify a “gloom and doom” conclusion:
Consumers were using home equity as an ATM, spending well above their means, so they now have to cut way back.
Too many housing units were built in the bubble days, so there is no need to construct another new house in 2009.
Corporations have falling sales and falling profits, so they won’t spend a dime to increase capacity this year.
These assertions make sense on the surface, but consider … [visit site to read more]
Переслать - US Earnings Preview For Feb 9-13
Though nearly 400 companies are scheduled to report, traders are going to keep a close eye on Washington.
Treasury Secretary Timothy Geithner will announce a revised bank bailout plan on Monday. This plan could include the creation of a bad bank to absorb distressed debts (what TARP was supposed to do) and possibly a change to the mark-to-market accounting practice.
Progress on the stimulus package will also be watched. After a tongue-lashing by President Obama, moderates in the Senate will … [visit site to read more]Переслать - ETF Update: Prospects For Medical Device Companies
The failing economy has hit stocks in industries that many thought to be recession resistant, like the medical device makers. Even Medtronic, Inc. (MDT), the leader in the group, signaled lower revenue and earnings estimates.
We identify interesting stocks and sectors through the use of our proprietary software. It considers recent Trends, the stock’s Cycle, and adds a bit of Anticipation. Since we use it to spot promising ETF’s, we call it the TCA-ETF model.
A Bottom for … [visit site to read more]
Переслать - UPS Downgraded To Hold
We are lowering our rating on United Parcel Service, Inc. (UPS) to Hold from Buy, as well as our target price to $47. UPS reported 4th quarter diluted EPS of $0.83, down 22% year over year and below the $0.85 consensus and our $0.88 estimate, largely due to lower-than-expected revenues. Total revenues fell 5% year over year to $12.7 billion as all business segments suffered declines.
Positively, UPS offset some of the revenue shortfall by slashing expenses, which fell 36%. UPS has … [visit site to read more]
Переслать - Words To Regret?
Sometimes people say things…
“Call me cynical. This Depression talk is just outrageous - especially from people who didn’t have the slightest sense that any of this was coming.”
–Money Manager John Hussman, 10/6/08“Obama Dismisses Great Depression Talk”
–headline of an ABC News report, 12/7/08“It’s a reminder that this is not the great depression. This is a legitimate recession and it’s clearly not over yet. We’re going to get more weakness for sure in Q1. But, again … [visit site to read more]
Переслать - Chart Of The Week: S&P 500 Price By Volume
There are many methods that technicians use to help determine when various market moves may run into significant support and resistance. Moving averages are one common method, pivot points are another, and Fibonacci retracement levels are one of my personal favorites.
Another method of gauging support and resistance involves the use of charting price by volume. As I have lately heard very little about price by volume charts, this seems like a good time to make these charts the subject … [visit site to read more]
Переслать - Good Eats: YUM Brands Posts Solid 4th Quarter
The world’s largest restaurant company in terms of system restaurants with nearly 36,000 restaurants in over 110 countries and territories, Louisville, Kentucky based Yum! Brands, Inc. (YUM) announced earnings for the fourth quarter and full-year 2008 after the bell on Tuesday. With some initial selling pressure in after-hours trading, shares traded mostly sideways on another down day for the Dow Industrials (^DJI) Wednesday. Investors sent shares downward after digesting the … [visit site to read more]
Переслать - S&P 500 Earnings Update: The Index Is Still Extremely Overvalued
Standard and Poors puts together the index earnings/core earnings that are used to calculate earnings for the S&P 500 (^GSPC). From these earnings, hopefully, we can glean some information that might help us to understand and/or value the SP500 Index. The link to the site is here. This will open up the excel spreadsheet that will give you up to date information on the earnings. Before we look at the earnings, I thought it would be interesting to look at the comments of the … [visit site to read more]
Переслать - US Regulators Shut Down Three More Banks
The Federal Deposit Insurance Corporation [FDIC] announced Friday that three more U.S. banks had failed, bringing the total for FY2009 to nine.
FirstBank Financial Services, McDonough, Georgia, was closed Friday by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. The FDIC entered into a purchase agreement with Regions Bank, Birmingham, Alabama, to assume all of the deposits of FirstBank Financial Services.
As of December 31, 2008, FirstBank had … [visit site to read more]
Переслать - Default Of Mortgage Loans: Alt A And Option Arms Are Next
This chart shows why we are not yet out of the mortgage mess. This is the reset schedule on Alt A and Option Arm Mortages. There is going to be another wave, similar to what we’ve already experienced. The fear is that the default rates on the Option Arms could be real bad along with the Alt A defaults. We’ve been hit already, but brace yourself as round two … [visit site to read more]
Переслать - Trading Rising And Falling Wedges
Rising and Falling Wedges are one of the most interesting patterns in technical analysis. What distinguishes them from triangle consolidation patterns is that price forms an upward or downward sloping coil that leads to the price move.
Here are two examples of the Rising Wedge Pattern, with the first being an Idealized Representation while the second is a real-world example.
Idealized Pattern:
“Real World” Pattern (with stock name and price removed):
What characterizes … [visit site to read more]
Переслать - Cartoon Of The Day
Переслать - What's It Going To Take For Oil ETFs To Move Up?
Oil has been trading around $40 a barrel now for about two weeks, which has some analysts making predictions about where the commodity and its related exchange traded funds (ETFs) are headed next.
Oil hit a four-year low of $32.40 a barrel on Dec. 19, and has since rebounded more than 20%, says Moming Zhou for MarketWatch. Since then, it has occasionally fallen below $40, but for the last two weeks, it has closed above that point.
This has analysts expecting a bottom, but what oil … [visit site to read more]
Переслать - Debt-To-GDP Chart: Analytically Meaningless
High ratios of debt-to-GDP, usually accumulated by economic systems via aggressively financing growth with debt, are the most important factors influencing the outlook for near-term economic growth. These ratios contribute to the initiation and continuation of financial and economic crises, reflecting massive fiscal deficits and excessive borrowing by the private sector. High leverage and the tendency of overreliance on borrowing, diminishes the possibility of managing risk prudently, … [visit site to read more]
Переслать - US Stock Market: A Small Pullback Early Monday Morning?
Although the US January unemployment report was nothing to write home about, containing few positive surprises, the equity market powered ahead from the opening bell, marching higher into the close finishing with a gain of +2.69% in the S&P on impressive volume.
After starting very strongly bullish, equity traders decided to take prices broadly higher. All the major US indexes closed with solid gains for a second day in a row. The S&P 500 (^GSPC) (+22.75 +2.69% to 868.60), the DJIA … [visit site to read more]
Переслать - More Lemon Socialism - And Why The Limits On Wall Street Pay Are For Show
Wall Street and its allies are in a tizzy over the Obama administration’s proposed $500,000 limit on executive pay, saying it will threaten their ability to attract and retain executive talent. I do not mean to deprecate Wall Street executives when I point out that the far higher level of compensation they received in recent years has not exactly elicited talent - at least not talent for much of anything other than the accumulation of personal wealth at the expense of millions of … [visit site to read more]
Переслать - A Look At The Dow Jones Transportation Average Index
1. Test of Overhead Trendline Coming (bold red)
2. Walking Along Fan Line
3. Channel w/in a Channel
4. Declining Volume - Price Moving Higher
5. Bear Trend intact - Countertrend rally - Sell Resistance 3355 (Bold red trendline)
1. Indicators all pointing UP - suggesting that rally has more to go.
2. Not overbought…yet. More to go higher.
1. Weekly chart - indicators are closer to lows, coming off bottom
2. MACD below 0 line
3. DMI - Strong Negative Trend … [visit site to read more]
Переслать - The 3 Ways To Pay ETF And 401(k) Expenses
As we all know, administrative and compliance expenses can accumulate, forming a mountain out of a molehill, and are generally paid out of 401(k) plan assets, regardless of whether exchange traded funds (ETFs) or mutual funds are utilized. But the question at hand is who should pay for these expenses.
David Wray of Ignites points out three ways these costs are covered:
A reduction in investment management fees that is rebated as revenue sharing back to the record keeper.
A wrap … [visit site to read more]Переслать - U.S. Unemployment Reaches Another Record, Still Looking For Ceiling
The U.S. unemployment rate rose to 7.6% in January, the highest level since 1992, as payrolls knocked off 598,000 jobs to start the year.
The nearly 600,000 jobs is the biggest monthly loss since December 1974. Since the recession began in December 2007, 3.6 million jobs have been lost. Worse, about half of those jobs were cut in the past three months, the U.S. Department of Labor reported.
Nearly every major industry shed jobs in January. Manufacturing employment fell 207,000. … [visit site to read more]
Переслать - The "Fair Trade" Cringe
Like many economists, I cringe whenever I hear the term “fair trade.” It is not that I am against fairness - who is? - but the word “fair” is so amorphous in this context as to defy definition. Most often, the slogan “fair trade” is little more than a rallying cry for protectionism.
Critics of China say it is keeping the yuan undervalued to gain an advantage in the international marketplace. A cheaper yuan makes Chinese goods less expensive in the United States and American goods more … [visit site to read more]
Переслать - Microsoft Vs. Google: A Battle Of Epic Proportions - Part II
If you have not read the first part of this article, please click here.
Office vs. Google Apps
Microsoft Office is the leader when it comes to word processing, data spreadsheet functions and capabilities, and computer presentations. Office is Microsoft’s (MSFT) “bread and butter” and has been so for a very long time. No other “office” like software has ever really gotten off the ground and come close to Microsoft Office until the release of Google Apps. Google Apps are a free … [visit site to read more]
Переслать - Stocks To Watch Next Week - JDSU, BRCM, VRTX
Chart courtesy of stockcharts ( click to enlarge )
JDS Uniphase (JDSU) shares tumble more than 6% on today session after the communications equipment company posted a fiscal second-quarter loss Thursday, hurt by large impairment charges and lower revenue. California-based JDS Uniphase’s net loss for the second quarter was $705.3 million or $3.28 per share, compared to a net income of $21.2 million or $0.09 per share in the same quarter a year ago. Furthermore, JDS guided for … [visit site to read more]
Переслать - The Difference Between Checking And Savings Account
This post is really geared more towards those just starting out in banking and finance, but hopefully you savvy folks will find some things of interest, too. With that said, I’m going to just jump right into this piece because it’s quite lengthy.
Checking
A checking account is a service provided by a financial institution that allows accountholders to deposit and withdraw money from a federally protected account. This account allows the use of a debit card and/or checks, and there … [visit site to read more]
Переслать - Video: The Week Ahead
The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
Переслать - Stock Market: January Forecasts That 2009 Will Be A Down Year
Research published by Yale Hirsch in the “Trader’s Almanac” shows that market performance during the month of January often predicts market performance for the entire year. The January “barometer” has been particularly prescient in odd years (the first year of a new Congress), with only two misses in 69 years (as of 12/31/2008). While the January barometer has a good record of prediction, I still put it in the “for what its worth” column, because I can’t think of any sound reason why it should … [visit site to read more]
Переслать - The Next Phase: 200% US Inflation?
With governments around the world cranking up the printing presses and throwing caution to the wind, the stage is no doubt being set for some serious price inflation down the road.
That said, it’s my belief that the fallout from a still-bursting credit bubble and an accelerating economic downturn will continue to act as a deflationary counterbalance in the short run.
Eventually, though - perhaps towards the end of this year - the wealth being destroyed by defaults and deleveraging … [visit site to read more]
Переслать - Friday's Stock Market Recap: Second Day Of Gains As Investors Await Senate Vote On Stimulus Plan
A second consecutive upswing in the market today occurred as investors awaited a Senate vote on its version of an economic stimulus plan that would include a mix of spending and tax cuts. The Dow Jones Industrial Average (^DJI) swung by 2.70% to a close of 8,280.59 while the Nasdaq (^IXIC) and S&P (^GSPC) moved 2.94% and 2.69% respectively to levels of 1,591.71 and 868.60. To the contrary, crude oil lost -$1.17 to settle at $40.00 while copper increased $0.0120 to a close of … [visit site to read more]
Переслать - US Loses 600k Jobs In January, 1.7 Million Over Past Three Months
The latest jobs report was abysmal showing a loss of 600k jobs last month, 1.7 jobs lost over the past three months and 3.7 million losses since December of 2007. Since the subject will undoubtedly be covered to death in the coming days I figured I’d focus on point you towards some resources/data points on the subject, in addition to adding some perspective around the numbers.
Let’s start off with links to coverage on the topic from The WSJ, The NY Times and The Financial Times. … [visit site to read more]
Переслать - Another Look Inside AIG
For the most part AIG’s (AIG) collapse has focused on the derivatives trades inside their Financial Products division, but it appears that their investment unit was a major culprit as well:
From the WSJ:
Accounts of AIG’s near collapse have largely focused on soured trades entered into by the company’s Financial Products division. But a close look at the 2,000-employee AIG Investments unit shows how this part of the conglomerate made gambles that helped cripple the firm.n … [visit site to read more]
Переслать - 5 Things Every Investor Should Know About ETFs
After diving into the world of exchange traded funds (ETFs), are you now wondering what to look for?
Come and take a gander.
ETFs offer exposure to most sectors and asset classes with the added bonus of being liquid, transparent and tax efficient, writes Dan Burrows for SmartMoney.
While ETFs are indeed funds, an investor should still treat them like stocks. But unlike stocks, ETFs have a few identifiable quirks to look out for:
Research. You need to know what you’re getting … [visit site to read more]
Переслать - Build Your Own Stimulus Plan
In recent weeks we have tried to focus attention on the key issues for US equities. In particular, the most important thing for an investor to do is to separate political opinions and philosophy from investment decisions.
We continue to expect a stimulus plan to pass in the Senate. A conference committee will resolve the House and Senate differences, and it will then be passed by both houses and signed by President Obama. It will happen partly because it is popular. Most people … [visit site to read more]
Переслать - Auto Suppliers In Discussions with Treasury Over Bailout
U.S. companies that make and supply auto-parts to major carmakers could seek as much as $25.5 billion in government aid, the Motor & Equipment Manufacturers Association (MEMA) said in a statement.
“We have had constructive conversations with Treasury and elected officials in Washington, but no official request has been submitted at this time,” said Bob McKenna, president and chief executive officer of MEMA. “Suppliers now face unprecedented challenges that have created a crisis in … [visit site to read more]
Переслать - US Jobs Data: Ugly & Worsening
Highlighted companies include Caterpillar (CAT), Costco (COST) and Church & Dwight (CHD).
The January employment numbers were ugly. The unemployment rate jumped to 7.6% as 598,000 jobs were shed.
The worst part is not that the unemployment rate is at it highest level since 1992 (the data was expected to be bad), but rather that it will get worse. The cumulative total of announced job cuts from the previous 14 days is likely well into the six figures. Even NASCAR is cutting … [visit site to read more]
Переслать - Why Can't 'Common Sense' Be Applied To Bailouts?
We welcome President Obama’s “basic common sense” announcement of a $500k salary cap for top executives at companies receiving substantial bailout funds. It’s a bit of welcome good news.
And the President’s definitely right on the money when he states that the average person isn’t at all pleased when executives apply for public money “hat in hand … even as they paid themselves customary lavish bonuses.” In fact, these “executives being rewarded for failure” is the theme we harped upon last … [visit site to read more]
Переслать - Even The NY Times Understands…
If you tax something, you get less of it…..
Anybody who has paid for theater tickets recently in New York City knows what a big hole they can leave in the family budget. Gov. David Paterson of New York wants to make that hole even deeper with a new theater ticket tax.
The proposal could increase ticket prices by about 8%, which could dim Broadway’s lights as tourists start thinking twice about that vacation in Manhattan. If tourism slumps in the city, the state’s budget problems … [visit site to read more]
Переслать - Commercial Real Estate Leaves An Awkward Taste
During the work day I usually keep CNBC on to see if the Talking Heads are doing something entertaining on any given day. Usually I keep the volume low or muted until a story or person of interest pops up. As the latter hours of the morning were coming to a close the CNBC “Real Estate Task Force” with Re/Max CEO Margaret Kelly and Charles Cohen from Cohen Brothers Realty popped up. I figured on my way out to lunch I would at least give this motley crew a few seconds of my time. I didn’t … [visit site to read more]
Переслать - Video: San Francisco To Build 1st Ever Grease-To-Biodiesel Plant
The home of the Golden Gate Bridge, San Francisco, will now become the nation’s first ever city to build a brown grease-to-biodiesel plant as part of an overall $1.2 million effort to transform the “golden city” green. … [visit site to read more]
Переслать - Video: Poor Jobs Data Send Oil Prices Below $40
The release of further negative US job data has continued to fuel demand concerns this session as oil prices fell below $40 a barrel. … [visit site to read more]
Переслать - Video: Asian Markets Close The Week In The Green
All of the major Asian/Pacific markets managed to close the trading week on a good note this session by each posting a gain at market close. … [visit site to read more]
Переслать - Video: Employment Figure Put Focus On Stimulus
The weak employment figures, though expected, are putting pressure on Washington to pass the stimulus. … [visit site to read more]
Переслать - Video: Throwing Everything At Economic Problems, Even Kitchen Sink
Data did not come as surprise, says trader James McGuire Jr., now the focus shifts to Washington where the stimulus is still being debated. … [visit site to read more]
Переслать - Stock Indices Break Out From Triangle: Breakout Or Fake-Out?
Technicians characterize triangular patterns as a “coiled spring”. Triangles represent consolidation and indecision. Breakouts from triangles are considered significant as they tend to forecast the next major direction of the underlying index or stock.
As I write this, the non-farm payroll figure came in slightly worse than expected but the market rallied anyhow. More importantly for technicians, the S&P 500 (^GSPC) staged an upside breakout from a triangular … [visit site to read more]
Переслать - Financing The Stimulus May Be A Massive Challenge, Treasury Market Shows
As I watch the $900 billion stimulus bill wind its way through Congress, knowing this will be piled atop the estimated 2009 deficit of $1.19 trillion, the longtime banker in me keeps asking the same worrisome question: How the devil are they going to finance all this rubbish? … [visit site to read more]
Переслать - Not Enough Job Losses To Hurt The UK Stock Market
An appetite for risk is back on the table with high-flying equities and even buying of the Euro.
Boy, I’ve had a busy day; fitting in an annual visit to the dentist, a quick gym session and coping with a moody computer, as well as trading FTSE (^FTSE), GBP/USD, EUR/USD, EUR/GBP and even GBP/JPY. Not everything worked, or is working, but yesterday’s long bet on GBP/USD continued to give me a warm glow, just like the nuclear Scots porridge adverts.
Luckily I was too busy to … [visit site to read more]
Переслать - Video: Toyota Lowers Its Annual Sales Projection
The Toyota Motor Company (NYSE:TM) anounced that overall weak sales and a stronger yen have led the way for the company to lower its annual forecast even further. … [visit site to read more]
Переслать - Video: Toyota Lowers Its Annual Sales Projection
The Toyota Motor Company (NYSE:TM) anounced that overall weak sales and a stronger yen have led the way for the company to lower its annual forecast even further. … [visit site to read more]
Переслать - Australian Dollar: Caution
Update on supports and resistances. … [visit site to read more]
Переслать - Canadian Dollar: The Bias Remains Bullish
Update on supports and resistances. … [visit site to read more]
Переслать - Swiss Franc: Continuation Of The Rebound
Update on supports and resistances. … [visit site to read more]
Переслать - Japanese Yen: Turning Up
Update on supports and resistances. … [visit site to read more]
Переслать - British Pound: Testing The Channel Support
Update on supports and resistances. … [visit site to read more]
Переслать - Euro: The Upside Prevails
Update on supports and resistances. … [visit site to read more]
Переслать
| rss2email.ru | отписаться: http://www.rss2email.ru/unsubscribe.asp?c=35890&u=233003&r=887869927 управлять всей подпиской: http://www.rss2email.ru/manage.asp |
No comments:
Post a Comment