11/14 Daily Markets

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Daily Markets - Your Views Make News Video: 11/13 Green Mountain Purchases Timothy's Coffees, Raises Profit Outlook November 13, 2009 at 10:27 pm Things are looking goog for Green Mountain Coffee Roasters Incorporated whih bought Timothy’s Goffees of the world for $157 Million on Friday while also raising it’s profit forecast for the 1Q … [visit site to read more] Video: 11/13 Crude Prices Fall On Lower Demand November 13, 2009 at 10:26 pm Front month crude prices fell this past trading session on rising concerns over falling energy demand. … [visit site to read more] Video: 11/13 NYSE Closing Bell Market Monitor: JCP, ANF, DIS November 13, 2009 at 10:13 pm The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more] EUR/USD - Bearish Correction Within Uptrend November 13, 2009 at 9:01 pm Price action on EUR/USD, a daily chart of which is shown, has corrected back down to an uptrend support line after falling short of re-testing the 14-month high just above 1.50. Until a significant downside breach of this support trendline occurs, this currency pair is still very much in uptrending mode. The key upside level to watch is still in the region of the 1.5060 long-term high, as any significant breakout above this level would confirm a continuation of the uptrend that has been in … [visit site to read more] ETFs For Investors To Capitalize On Obama's New Policies November 13, 2009 at 8:42 pm Each administration brings its own set of policies to the White House. Investing in exchange traded funds (ETFs) may be a prudent way to experience a potential windfall from the country’s new direction without the high volatility inherent in individual stocks. ETFs are a good way for investors to capitalize on policy initiatives of the Obama administration while reducing the day-to-day volatility compared to other investment options, such as stocks, remarks Daniel Harrison for … [visit site to read more] A Look At Declining Volume On Five Historical Market Tops November 13, 2009 at 7:36 pm With the current rally progressing on lower volume, I thought I would take a moment to look back at a few historical market tops - or prior to deeper pullbacks - to see how volume behaved just prior to the top. Let’s see five historical peaks in the Dow Jones Index and pay special attention to the trend of volume  prior to these peaks.  Each chart was created with TradeStation and you can click to zoom-in on the … [visit site to read more] We're A Few Months Away From $100 Oil, Here Are Three Ways To Profit November 13, 2009 at 7:15 pm It’s the oil industry’s version of War and Peace. I’ve spent this week poring over the 2009 volume of the International Energy Agency’s (IEA) World Energy Outlook. All 698 pages of it. And what I’ve read so far sends shivers down my spine. Let’s start with the good news… Temporary Relief From Rising Oil Prices According to this year’s report, the recession and financial crisis gives us temporary relief from the fossil fuel demand and rising oil prices. Indeed, 2009 will be … [visit site to read more] Job Seekers: There's Hiring Going On! November 13, 2009 at 7:03 pm There is a surprising amount of new hiring going on.  That may seem strange, given the job losses in the economy, but the widely-quoted figures show net job growth.  An unemployed person does not need a net new job, he or she just needs a job.  Here’s an illustration.  (Inspired by a chart in Forbes Magazine.) The blue section of the chart shows hires, counting all hires for any reason: new position or replacement of existing worker.  The red shows all layoffs, firings, quits, … [visit site to read more] Video: 11/13 Market Movers: ANF, JCP, DG, JNPR, ESE November 13, 2009 at 6:07 pm The latest news and information on U.S. stocks that are moving the market. … [visit site to read more] Hard Times And Bad Behavior November 13, 2009 at 6:01 pm Although scientists or statisticians might disagree, I reckon that if certain trends are now apparent in countries and cultures around the world that were not really in evidence before the financial crisis struck, then it’s probably a good bet that the circumstances are somehow related. More specifically, I (and others) asserted before the unraveling began that challenging economic conditions would lead to an uptick in illegal activity, particularly opportunistic crimes, among formerly … [visit site to read more] Video: 11/13 Dollar Looses Its Luster November 13, 2009 at 5:58 pm The US dollar declined this session on growing optimism over the global economic recovery and a decline in US consumer sentiment. … [visit site to read more] Sloppy End To The Forex Week: Sterling Higher On Planned Merger Between British Airways And Iberia November 13, 2009 at 5:29 pm The dollar continues to build on gains from Thursday despite the fact that investors began to tiptoe back into riskier assets in the overnight session. During mid-morning New York trading the dollar has jumped and forcing currencies back to break even levels. The evidence of ongoing global growth was apparent in two data readings earlier but seems to be getting washed away by a broader dollar turnaround. The yen also shows significant strength today and has pushed the dollar back to ¥89.68 and … [visit site to read more] Cartoon: Wall Street, Don't Jump! Jobless, Not So Much November 13, 2009 at 5:01 pm Those people at the apex of the financial pyramid seem to keep getting treated differently from the rest of the nation. They always have the hope of a new bull market somewhere but, for others, sometimes just finding a job isn’t that … [visit site to read more] Don't Worry, Be Happy November 13, 2009 at 5:00 pm Happy Friday!! I have to admit, virtually every major story I review today would seem to indicate further challenges for the American economy. In the perverse world of the Uncle Sam economy circa 2009, those challenges seemingly do not present hurdles for our markets but rather greater comfort for those who would want to add to positions via the dollar carry trade. Is that bizarre? No, that’s the market. While many may not believe what the market is saying, please recall I always … [visit site to read more] Is It A US Dollar Bear Market Or A Gold Bull Market? November 13, 2009 at 4:02 pm Which is it? A gold bull market? Or a dollar bear market? Yes, you can have one without the other… For example, gold soared 50% from early 2002 to early 2005 - but that was a dollar bear market, not a gold bull market. Let me explain… Gold went from $280 to $420 an ounce in those three years. But in terms of euros, gold was exactly flat, at around 320 euros per ounce. So that was a bear market in dollars, NOT a bull market in gold. So which is it today? My simple … [visit site to read more] How To Know When The Stock Market Has Finally Topped November 13, 2009 at 3:02 pm “We’re doomed.” That was the opening line of my speech at the S&A Alliance Conference last Monday. While the comment may seem downright pessimistic, I was actually one of the most optimistic presenters at the conference. That probably says all you need to know. At dinner the night before the conference, I was lucky enough to sit down with several of the smartest investing minds I know. Each one of them was cautious, if not downright gloomy on the prospects of the U.S. economy … [visit site to read more] The Latest On Rates, The Fed, Asset Inflation And More November 13, 2009 at 2:02 pm When it comes to Lay’s potato chips, the saying goes, you can’t eat just one. And when it comes to the interest rate and financial markets, I just can’t focus on one thing this week. There’s just too much going on. So if you’ll forgive me, I’m going to cover a lot of ground in the little time I have. Fasten your seatbelt! Fed Still … STILL … Doesn’t Get It When It Comes to Asset Bubbles More than a year and a half ago, right here in Money and Markets, I took the Federal … [visit site to read more] Is Mexico The "New" China? November 13, 2009 at 1:15 pm When it comes to global manufacturing, Mexico is quickly emerging as the “new” China. According to corporate consultant AlixPartners, Mexico has leapfrogged China to be ranked as the cheapest country in the world for companies looking to manufacture products for the U.S. market. India is now No. 2, followed by China and then Brazil. In fact, Mexico’s cost advantages and has become so cheap that even Chinese companies are moving there to capitalize on the trade advantages that come … [visit site to read more] Is The United States Playing Games With Oil Market Data? November 13, 2009 at 12:34 pm A British newspaper put forth explosive allegations this week: Insiders suggest the United States is secretly pressuring the world’s energy watchdog to fudge important data. What does it mean? Jim Morrison once sang about “Weird scenes inside the gold mine.” Perhaps it should have been weird scenes inside the energy agency. The International Energy Agency, or IEA, is a 35-year-old quasi-political body headquartered in Paris, France. It was set up in 1974 in response to the budding … [visit site to read more] US Treasury's Pay Czar To Allow Competitive Pay November 13, 2009 at 12:15 pm The U.S. Treasury’s pay czar, who oversees compensation for the highest-paid employees at the firms that received U.S. taxpayer assistance, said on Thursday that he is concerned that pay cuts could obstruct the ability of these firms to retain and attract top talent. However, the pay czar would be open to requests to hire new executives at competitive industry rates. The pay czar, Kenneth Feinberg, decides compensation packages for the highest-paid employees at the seven firms that … [visit site to read more] Is It Possible To Earn An Honest Living On Wall Street? November 13, 2009 at 12:01 pm You have the reputation you deserve. While there are certainly instances where individuals are misunderstood or situations that are construed differently, a reputation is neither determined nor changed based upon one event. A reputation is ultimately a compilation of data points. That data does not belie what some individuals and industries may like to project. That said, an industry’s reputation can often be largely determined by the high profile and influential behaviors of a small … [visit site to read more] Australian Dollar: Caution November 13, 2009 at 11:10 am Update on supports and resistances. … [visit site to read more] Canadian Dollar: Caution November 13, 2009 at 11:10 am Update on supports and resistances. … [visit site to read more] We Never Got Close To 900,000 Jobless Claims November 13, 2009 at 11:06 am Jobless claims as a share of the labor force have fallen in each of the last seven months from the 0.422% peak in March, and dropped to 0.345% in October, the lowest level since last November (see chart above). In contrast, jobless claims as a share of the labor force peaked at 0.60% in the three recessions above in the 1970s and 1980s. Given the current size of our labor force (about 154 million), we would have to have had more than 900,000 jobless claims during the most recent … [visit site to read more] Intel Settling Lawsuit With AMD Benefits Both November 13, 2009 at 11:01 am Intel Corp (INTC) has agreed to pay Advanced Micro Devices (AMD) $1.25 billion to settle long-standing disputes between the two chipmakers. This immediately takes care of the AMD lawsuit that was slated to come up for trial in roughly five months time. Intel agreed to a set of business practices, including non-payment of financial incentives to companies that favored Intel chips over AMD and training of sales staff accordingly. We believe there are grey areas here, since Intel has … [visit site to read more] USD/CHF Tests Trendline Resistance Today November 13, 2009 at 10:45 am The USDCHF tested the trendline resistance at the 1.0195 level.  A move above this level (well make it 1.0200) should lead to further gains in the pair. Overnight, the Swiss Producer Price Index came in at a lower than expected -0.4% for the month and -4.7% YoY.  With a higher Swiss Franc it lowers the cost of imports for the country and may lead to chatter about deflation in the country.  The SNB has already signaled a disdain for a higher CHF and with lower PPI inflation, … [visit site to read more] Law Firm Files Case On Behalf Of Investors Against ProShares Trust Concerning Their ETFs November 13, 2009 at 10:40 am (Marketwire) - Bernstein Liebhard LLP has filed a case against ProShares Trust (”ProShares”) concerning ProShares’ DUG (DUG) fund. This complaint alleges that ProShares, as well as others, violated the Securities Act of 1933 by failing to disclose the following risks, inter alia, in the Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with shares of the DUG fund: (1) if shares of the DUG fund were held for a time period longer than one … [visit site to read more] Fed Announced New Rules For Bank Overdraft Fees November 13, 2009 at 10:29 am On Thursday, the Federal Reserve finally announced rules that will prohibit banks from charging overdraft fees at ATMs and one-time debit card transactions without the consent of customers. The rules, which will be effective July 1, 2010, appear in response to growing consumer dissatisfaction with the overdraft charges that they often do not realize until they receive their monthly statement. Banks previously added overdraft protection automatically to most accounts regardless of the … [visit site to read more] JC Penney Beats Estimate, But With Low Earnings November 13, 2009 at 10:25 am JC Penney Company Inc. (JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported third-quarter 2009 results. The quarterly earnings of 11 cents a share tumbled 80% from 55 cents posted in the prior-year quarter, weighed down by qualified pension plan expense. Earnings missed the Zacks Consensus Estimate by a penny. The retailer, however, mentioned that earnings outshined the company’s initial guidance … [visit site to read more] Swiss Franc: The Downside Prevails November 13, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] Japanese Yen: Under Pressure November 13, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] British Pound: The Downside Prevails November 13, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] Euro: Under Pressure November 13, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] GBP/USD Higher On British Airways And Iberia Merger News November 13, 2009 at 9:59 am The GBPUSD moved up overnight on the back of increased optimism from merger news between British Airways and Iberia Air.  This sent the GBPUSD up overnight and the price pushed through the 100 hour MA. However, the price has since moved back below the moving average  in NY trade  The MA come in at 1.6659.  The level has additional significance as it also corresponds with the 100 bar MA on the 5 minute chart (blue line in the chart below). We will watch this level as topside … [visit site to read more] Stock Market News: Dell Announced Plans To Enter Smartphone Business; Intel Settles Lawsuit With Advanced Micro Devices; Disney Reported Earnings November 13, 2009 at 9:51 am Intel (INTC) agreed to pay Advanced Micro Devices (AMD) $1.25 billion to settle a private antitrust lawsuit Dell (DELL) announced plans to enter the smartphone business, in partnership with China Mobile and Claro. Its first product, the Mini 3, will be designed around Google’s (GOOG) Android operating system Disney (DIS) reported fiscal fourth quarter results after yesterday’s close, with earnings ex-items coming in 5 cents a share better-than-expected at 46 cents. … [visit site to read more] Bullish US Dollar ETF (UUP) Granted New Shares November 13, 2009 at 9:50 am PowerShares DB U.S. Dollar Bullish (UUP) has been granted new shares by the Securities and Exchange Commission (SEC). Issuance will resume beginning this morning. Last week, trading in PowerShares DB U.S. Dollar Bullish was halted after it ran out of available shares. Trading was resumed after a filing with the SEC for 100 million additional shares was made. At the close on Thursday, the fund was trading at a 1.8% premium. As normal trading resumes, the premium should slowly start … [visit site to read more] Possible Chinese Revaluation: Why Now? November 13, 2009 at 9:31 am Ahead of Obama’s visit to China, the markets have been abuzz with a statement from the People’s Bank of China that it will consider “changes in international capital flows and the trends of major currencies”. This is a departure from the broken record mantra of keeping its currency “basically stable at a reasonable and balanced level”. These statements have created speculation that China is ready to either revalue the RMB upwards or allow it to float. Analysts have said for years that … [visit site to read more] Expedia - Bull Of The Day November 13, 2009 at 8:36 am Expedia Inc. (EXPE) is one of the leading online travel companies in the world. The company reported strong results in the last quarter, beating the Zacks Consensus Estimate. Promotional activity continues to have a positive impact on the conversion rate, and spending is expected to strengthen in the next few quarters. We are also positive about international initiatives, which we think will be the key to future growth. Cost management, a favorable online advertising environment and … [visit site to read more] Other Stocks To Watch On Friday November 13, 2009 at 8:29 am List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Thursday NWSA - News Corp Ltd pf GMCR - Green Mountain KSS - KOHLS CORP SII - SMITH INTL INC AEO - American Eagle VRSN - VeriSign, Inc. WFMI - Whole Foods Market CPWR - Compuware Corporation FMER - FirstMerit Corporation NVLS - Novellus Systems, Inc. NBL - NOBLE AFFILIATES INC VCI - VALASSIS COMM INC PIR - Pier 1 Imports Inc GFA - Gafisa SA JTX - JACKSON HEWITT TAX SAPE - Sapient Corporation DISCA … [visit site to read more] 7 New Ways To Access BRICs With ETFs November 13, 2009 at 8:07 am The BRIC economies (Brazil, Russia, India and China) are red-hot. Emerging Global Shares is targeting these growing economies with related exchange traded funds (ETFs) covering a variety of market caps and sectors. Emerging Global Shares has filed to launch a group of ETFs aimed squarely at the BRIC economies, according to Cinthia Murphy for Index Universe: Emerging Global Shares INDXX India Infrastructure Index Fund Emerging Global Shares INDXX India Infrastructure Index … [visit site to read more] Oversold / Overbought Stocks November 13, 2009 at 7:03 am Oversold stocks ( RSI has been below 30 for the last 5 days ) STEC - STEC Inc PVTB - PrivateBancorp, Inc. CDNS - CADENCE DESIGN SYS INC ARO - AEROPOSTALE INC APOL - Apollo Group, Inc. PHH - Phh Cor GLBL - Global Industries PMC - Pharmerica Corp RST - Rosetta Stone FUN - CEDAR FAIR L P DBD - DIEBOLD INC SMSI - Smith Micro Software USMO - USA MOBILITY INC KSP - K-SEA TRANSPORATION CVI - CVR Energy Inc Overbought stocks ( RSI has been above 70 for the last 5 days ) RX … [visit site to read more] Stock News Briefs: Intel Pays AMD $1.25 Billion To Settle Lawsuit; WalMart Forecasts Bleak Holiday Sales November 13, 2009 at 6:37 am Intel Pays AMD $1.25 Billion to Settle Multi-Year Lawsuit; WalMart Forecasts Bleak Holiday Sales on Surging Unemployment News; FHA Capital Reserves Lowest in History; Commercial Paper Market Falls For Second Week in Row; Better Ad Market Helps Disney Profit, Sales Grow; British Airways, Iberia to Merge; Barofsky: TARP Will Be a Loss For Taxpayers; Activision Sees Sales of $310 Million on First Day of Game’s Release Bringing an end to a multi-year battle, Intel Corp. (INTC) will pay … [visit site to read more] Friday's Forex Outlook November 13, 2009 at 6:31 am USD Dollar (USD) The Dollar strengthened against most currencies. The Initial Jobless Claims showed better than expected data, it came out 502K vs. expected 512K, fell to its lowest level since January. The US deficit grew to -176.4B an all-time high last month. The stock markets in US suffered losses and extended the risk aversion sentiment. The NASDAQ fell by 0.83% and the S&P 500 lost 1.03%, The Dow Jones declined by 0.91%. Gold (XAU) could not keep gaining and fell to 1103.40$ an … [visit site to read more] 3 Breadth Charts Of S&P 500 You Won't See Anywhere Else November 13, 2009 at 6:02 am Figure 1 is a daily chart of the S&P500 (^GSPC). The indicator in the bottom panel comes from mathematician James Meikka. Meikka developed a formula to measure advancing and declining issues that prevents drift and forces it to maintain a consistent relationship with the zero line. It is like a McClellan Summation Index. Instead of applying the indicator to advancing and declining issues, I am utilizing NYSE up volume versus down volume in figure 1 (the data is hidden). So my … [visit site to read more] Understanding The Debate On The US Dollar November 13, 2009 at 5:01 am A strong dollar seems patriotic.  It is also meaningful to long-term purchasing power.  Weaker dollars mean a higher cost for foreign products, and that is inflationary for the US consumer. This natural impulse is at odds with current equity trading.  A friend asked why the market had 200+ rally in the DJIA on Monday.  My answer - dollar weakness- was counter-intuitive and unsatisfying, but accurate. Dollar’s Drop Helps Dow Hit New 2009 High, explained Briefing.com. Thursday … [visit site to read more] Video: 11/13 Fed Restricts Banks On Overdraft Charges November 13, 2009 at 4:11 am The Federal Reserve issued new rules to prohibit banks from charging customers overdraft fees on ATM and debit card transactions. … [visit site to read more] America Follows Japan Off A Cliff November 13, 2009 at 4:01 am “It’s amazing; the US is doing everything that Japan did wrong,” said a friend yesterday. Let’s see, in the 1980s Japan’s corporate leaders thought they were going to take over the world. Investors thought so too. They expanded. They wheeled. They dealed. Prices shot up and they all thought they were geniuses. In the ’80s, everyone wanted to be Japanese. Management consultants used Japanese words to describe commonplace insights. For example, instead of saying that businesses always … [visit site to read more] India Stock Market: Sensex Up 152.80 Points On Friday November 13, 2009 at 4:01 am Sensex rose 152.80 points or 0.9% to 16848.83 Nifty rose 46.30 points or 0.9% to 4998.95 Mid Cap rose 0.02%. Small Cap rose 0.2%. BSE 500 was up 0.7%. Sensex gainers: 25 Of 13 BSE Sectoral indices, 11 posted gains. Advancers: 1375, Decliners: 1351, Unchanged: 99 Advance/Decline Ratio: 1:1 Sensex Day’s Range: 16909.74 - 16666.70 Nifty Day’s Range: 5017.90 - 4942.65 52-Week Range: 17493.17- 8047.17 52-Week change (%): -3.7% Sensex gainers included Hero Honda +4%, Maruti Suzuki … [visit site to read more] WTO Warns, Gold Rises, IMF Talks, UK Loses Credibility November 13, 2009 at 3:01 am The World Trade Organisation predicts unemployment across industrialised nations will increase for at least one more year, possibly two. The WTO forecast, endorsed by most economists, warns of the social and political implications of a two-speed recovery in which industrial corporations and investment banks recover swiftly and prosper thanks to government subsidises and loose monetary policies whilst the working class within industrialised nations continue to suffer either unemployment or lower … [visit site to read more] Despite Scrutiny By CFTC, Natural Gas And Oil ETFs Remain Popular November 13, 2009 at 2:01 am Despite scrutiny by the Commodity  Futures Trading Commission (CFTC), which was investigating possible causes of the wild volatility and surge in oil and gas prices last year, commodity exchange traded funds (ETFs) continue to grow in number and assets. One of the most well-known commodity ETF providers, U.S. Commodity Funds, especially felt the wrath of the CFTC when two of their commonly traded funds, United States Natural Gas (UNG) and United States Oil (USO) came under the … [visit site to read more]   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.