11/21 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: NYSE Closing Bell Market Monitor: DHI, ANN, SJM November 20, 2009 at 10:01 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] 3 Steps To Becoming A More Successful Trader November 20, 2009 at 9:01 pm Want to be a better trader? Of course you do. Everyone, no matter how good or bad they are as a trader or investor right now, would like to be better. The million dollar question of course is how - how do you become a better trader? One thing is for sure, it will take some work. But you can start making improvements right away. 3 Steps to Becoming a More Successful Trader Let’s go over the three key things that you can start doing today to become a more successful trader … [visit site to read more] The Transportation Sector: Here Are Three Investments In A Sector That Are Ready To Soar November 20, 2009 at 8:01 pm As the old saying goes, “You’re either a contrarian, or a victim.” It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese. And nobody takes that to heart more than Lou does. I’ve scratched my head in bewilderment on many occasions after reading one of Lou’s bold predictions - only to see his intuition prove uncanny time after time. So today I’m stealing a page from the “Basenese Playbook” and taking a look at the severely battered … [visit site to read more] What You Should Know About Precious Metals ETFs And Taxes November 20, 2009 at 7:05 pm Exchange traded funds (ETF) that track or hold gold and silver have seen a wave of inflows in assets. But do you know the tax responsibilities that come with these ETFs? According to tax code, gold, silver and precious metals receive special treatment - the IRS views them as “collectibles” rather than capital assets. They don’t qualify for the maximum 15% tax rate on long-term capital gains. Bob Carlson for Barron’s reports that gains on the sale of gold and silver investments, … [visit site to read more] Buffett Borrows For Rail Acquisition November 20, 2009 at 7:01 pm Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK-A)/(BRK-B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company. The $8 billion loan that will be … [visit site to read more] Why Investors Should Look To Japan Again November 20, 2009 at 7:01 pm In a visit to Japan in the early 1990s, U.S. President George H.W. Bush threw up over the Japanese prime minister. When President Barack Obama visited Japan last weekend, he offered an effusive bow to the Emperor Akihito. Politically, U.S.-Japanese relations have improved dramatically during that two-decade stretch. Yet investor regard for Japan has gone the opposite way. Twenty years ago - in the midst of the Japanese stock-and-real-estate bubble - U.S. and other world investors … [visit site to read more] Bond Sentiment: Treasury Yields May Drop November 20, 2009 at 6:01 pm I am definitely on board with the idea that longer dated Treasury yields are headed lower, and I am beginning to warm up to the idea that this could be meaningful, tradeable move. Now from the missives of David Rosenberg, we have the Barron’s Big Money Poll from Fall, 2009. The most loved asset class: equities. As it turns out, Treasuries are the least loved and the most hated - winning both titles by a long shot. See figure 1. Figure 1. Barron’s Big Money Poll Very … [visit site to read more] Video: Risk Aversion Continues As Week Comes To Close November 20, 2009 at 6:00 pm The US dollar and Japanese yen continue to strengthen this session as the trading week comes to a close. … [visit site to read more] LA Shipping Reaches Highest Level Since Nov. 2008 November 20, 2009 at 5:01 pm SAN PEDRO, CA (Nov. 13, 2009) - Containers shipped through the Port of Los Angeles last month increased 10.9% compared to September, making October the strongest month yet for the Port this calendar year (see top chart above). Both containerized imports and exports reached their highest levels for 2009, with loaded outbound containers seeing an 11.8% rise over October 2008 volumes. Still, loaded inbound containers were 8.3% below October 2008 levels ( data here). Despite a … [visit site to read more] Main Street Vs. Wall Street: Using ETFs To Capitalize November 20, 2009 at 4:01 pm Millions are still out of work and losing their homes while Wall Street celebrates its rebound with bonuses and a return to profitability. It’s frustrating, but it does present exchange traded fund (ETF) opportunities. On the one hand, unemployment rates remain elevated, companies continue to implement lean measures and overall consumer confidence is down. On the other hand, the largest four investment banks have earned $22.6 billion so far for this year, recovering much faster than … [visit site to read more] Velocity Of US Money Supply At Long Last Picking Up November 20, 2009 at 3:01 pm Despite ballooning Fed reserves to bail out banks, money supply as measured by the growth in money supply with a zero maturity (notes and coins, check accounts, savings deposits and money-market accounts collectively) continues to slow. The slowing growth is contra to what normally happens when the Fed lowers the Federal funds rate. In real terms the growth rate is also slowing. The slowing in MZM growth is a consequence of US banks’ tight lending standards. The trend is likely to … [visit site to read more] Why You Should Watch This Leisure & Entertainment ETF November 20, 2009 at 2:02 pm The U.S. recession has many Americans feeling down in the dumps. Small surprise, then, that the leisure and entertainment exchange traded fund (ETF) has gained 39% year-to-date as we look for small escapes. Three reasons the fund could continue to move as we enter into the thick of the holiday season: First, the Associated Press recently announced that Viacom (VIA) won exclusive rights to air “Michael Jackson’s This Is It” on its MTV and BET cable networks starting in 2011.  The … [visit site to read more] US Government Debt: The Actual And Hidden Costs Are Rising Every Day November 20, 2009 at 1:18 pm This week was a fascinating one on the geopolitical front. President Barack Obama travelled to China in what was billed as a major diplomatic trip. The idea? Try to reach common ground on several fronts, including global nuclear proliferation, environmental issues, and especially China’s currency … The U.S., Europe, and even some of China’s Asian neighbors believe that China is artificially suppressing the value of its currency, the renminbi or yuan. That, in turn, is giving China … [visit site to read more] Video: Market Movers: RTP, DHI, SJM, TXN, INTC, MRVL, BRCM November 20, 2009 at 1:12 pm The latest news and information on U.S. stocks that are moving the market. … [visit site to read more] Investment Ideas: Here Are 3 Dirt Cheap Stocks November 20, 2009 at 12:09 pm With all the talk of stocks being overvalued due to the massive rally we’ve seen since March, you’d think there’d be almost no dirt cheap stocks. You know what I’m talking about. I mean really cheap. Stocks with single digit P/Es and price-to-book ratios well under 1.0. But what if I told you that there’s one sector where there’s not just one dirt cheap stock, but many of them. And as an added bonus, these dirt cheap stocks also have a Zacks Rank of #1 or #2, which means they have rising … [visit site to read more] Australian Dollar: Caution November 20, 2009 at 11:10 am Update on supports and resistances. … [visit site to read more] Canadian Dollar: Caution November 20, 2009 at 11:10 am Update on supports and resistances. … [visit site to read more] "Audit The Fed" Bill Moves Along November 20, 2009 at 11:06 am As I checked the currencies throughout the day yesterday, I noticed that as the day went on, the non-dollar currencies were stronger, led by the Big Dog, euro (EUR)… But then late last night, and I mean late last night, I checked them, and those gains had been wiped out. So, when I arrived here this morning, I had one thing on the top of my list of things to do, and that was to find out what happened… Come on, I said to myself, it had to be more than the “risk on, risk off” stuff … [visit site to read more] Video: NYSE Opening Bell Market Monitor: DELL, DHI, SJM November 20, 2009 at 10:56 am The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more] Treasury To Auction TARP Warrants November 20, 2009 at 10:48 am After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program. The three banks, whose warrants will be sold via auctions over … [visit site to read more] USD/JPY Pushing Against The 100 Hour Moving Average At 89.11 November 20, 2009 at 10:40 am The 100 hour MA has held the topside this week and the pair is back up testing the level.  The MA comes in at the 89.11 level currently.  The high reached 89.12. A break above should lead to further gains, but so far, the market is using the level as a level to sell against. Until the price is broken the bias remains down for the pair. The USDJPY has been relatively contained over the last week or so. The range for the week has extended from a high on Monday at 89.69 to the low … [visit site to read more] Stock Market Briefs: DR Horton, Dell, JM Smucker November 20, 2009 at 10:36 am DR Horton (DHI) reported a fiscal fourth quarter loss of 73 cents, versus Zacks projections of a 27 cents loss, on revenues of $1.01 billion, which was inline with Zacks estimates. According to Chairman Donald R. Horton, “Our net sales orders in the September quarter reflected a 26% increase compared to the prior year quarter. However, market conditions in the homebuilding industry are still challenging, characterized by rising foreclosures, high inventory levels of available homes, … [visit site to read more] Video: Dell Computes A 3Q Profit Loss November 20, 2009 at 10:24 am PC giant Dell announced on Friday that it posted a large quarterly loss. … [visit site to read more] Video: Sensex Rises To Close Week In Asia November 20, 2009 at 10:22 am India’s BSE Sensex index closed the week on the upside while the rest of the major markets closed out the week in the red. … [visit site to read more] Nordstrom - Momentum Stock Buy November 20, 2009 at 10:15 am Nordstrom Inc. (JWN) continues to trade near its 52-week high on the heels of better than expected Q3 results. Company Description Nordstrom, Inc operates as a specialty fashion retailer for men, woman and children in the United States. The company was founded in 1901 and has a market cap of $7.38 billion. The retail sector has been weak for the last year as consumers continue to struggle with overbearing debt and high unemployment. But in spite of the challenges shares of Nordstrom … [visit site to read more] Swiss Franc: The Downside Prevails November 20, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] Japanese Yen: Under Pressure November 20, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] British Pound: The Downside Prevails November 20, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] Euro: Under Pressure November 20, 2009 at 10:10 am Update on supports and resistances. … [visit site to read more] The Dirty Little Secrets Of Warrants, Options & LEAPS November 20, 2009 at 9:45 am With the gold bull market charging firmly ahead perhaps it is time to reflect upon what is actually happening from the perspective of the junior mining sector. The first chart below is of the TSX Venture Index showing a great uptrend and looking very strong. The second chart shows us the TSX Venture Index relative to Gold. Wow, what a difference. In effect, the TSX Venture Index is actually putting in a miserable performance relative to the price of gold. We are firm believers this … [visit site to read more] Interesting Articles To Read November 20, 2009 at 8:15 am This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. Ambrose Evans-Pritchard (Telegraph): Is $6,300 fair value for gold? November 19, 2009. The last parabolic spike in gold took off when central banks joined the fray in the 1970s, hoarding bullion with the same enthusiasm as gold bugs. Dylan Grice from Société Générale says it smells much the same today. He sees an eerie similarity between the decision of … [visit site to read more] Stocks To Watch On Friday November 20, 2009 at 8:06 am Speculative players DELL - Dell results miss expectations. The stock has a strong support at $14.81. STP - Suntech Power Holdings - The stock broke a key resistance level at 15.50 on a volume expansion. CRIS - Curis continues to trend higher this weak and despite a horrible stock market Thursday. THQI - This stock can pop big time on any positive news. RMBS - Rambus can pop big time on any positive news. CTIC - Cell Therapeutics, Inc. - Watching for a close above $1.15. LVLT - … [visit site to read more] Cartoon: The Shrinking US Dollar November 20, 2009 at 8:03 am Source: Robert Ariail, Comics.com, November 17, … [visit site to read more] EUR/USD Pressured On The Downside November 20, 2009 at 7:47 am Up on Monday, down on Tuesday, up on Wednesday, down and up on Thursday, down on Friday. The EURUSD has seen its share of back and forth uncertainty. Lower stocks this morning are pressuring the pair. Oil is down 0.55 cents. Spot gold is down $1.50 or so. From a technical perspective, the EURUSD found support yesterday at the 1.4845 area (low was 1.4843). This level corresponded with the gap low from Friday November 6th low (gapped higher on November 9th).  The price is now back … [visit site to read more] GBP/USD Moves Lower Again November 20, 2009 at 7:43 am The GBPUSD initially consolidated in early trading today (Far East trading) and then started another move to the downside using the 100 bar MA on the 5 minute chart as a level to lean against just before the push through the important 1.6600 level.  Other clues from the chart included the convergence of the 100 and 200 bar MA with the price,  the slope of the moving averages turning over, and the final test of each before the move through 1.6600.  Once that level was broken, … [visit site to read more] Is The Intraday US Dollar Index Spike Valid? November 20, 2009 at 7:35 am The US Dollar Index Spiked this morning.  It was a very odd spike on 5000 contracts to a high of 82 or so.  This happened several weeks back and at that time, I sent an email to ICE about whether those were valid prints. They responded that those trades were broken and referred me to their rules and regulations which basically stated that they have the right to determine whether or not a price is a fair price.  Scary stuff.  At that time they obviously felt that that price was not … [visit site to read more] Biotech Investing: Spread Your Risks With ETFs November 20, 2009 at 7:01 am The biotechnology sector is once again finding its footing, with some exchange traded funds (ETFs) focused on the sector up more than 30% since the market’s March 9 low. But there have been stumbling blocks on the way back to profitability. A reputable biotechnology company has filed for Chapter 11 this week, deCODE Genetics Inc (DCGN), the company that famously compiled the genetic code of nearly every Icelander for research. The company crushed under $200 million in debt and … [visit site to read more] Comcast-NBC Universal Deal To Change Comcast's Business Model November 20, 2009 at 6:01 am With a possible buyout of General Electric Co.’s (GE) NBC Universal Inc. in the works, Comcast Corp. (CMCSA) is adapting to a changing technological landscape. Comcast, the United States’ largest cable television provider, is hoping to avoid becoming the next newspaper or record company by expanding its role from an entertainment medium to a content provider. “The world of cable delivery is about to change,” Forrester Research analyst James McQuivey told the Los Angeles Times. … [visit site to read more] Friday's Forex Outlook November 20, 2009 at 5:34 am USD Dollar (USD) The Dollar strengthened against most majors after The U.S. economic recovery will extend into next year as manufacturing expands and the pace of firings abates, reports today indicated, Unemployment Claims came out better than expected at 505K vs. 503K forecast. NASDAQ and Dow Jones fell by 1.66% and 0.9% respectively, Crude oil fell by 2.7% closed at 77.4$ a barrel, Gold (XAU) closed almost unchanged at 1142$ an ounce. No economic data expected today. EURO (EUR) The … [visit site to read more] The Forgotten Commodity - Rice November 20, 2009 at 5:01 am “Gold has been grabbing all the headlines lately as the price for the precious metal has hit record highs. In the weeks and months to come, however, you’re going to be hearing about a far more pedestrian commodity: Rice. The price of rice has started to climb based on reports that both India and the Philippines are looking to import record quantities. India lost 18% of its rice crop to drought this year. For the first time in more than 20 years, it may have to become a net importer of … [visit site to read more] India Stock Market: Renewed Buying Bolsters Markets November 20, 2009 at 4:56 am Buying activity intensified across index heavyweights during the previous two hours of trade pushing the indices above the dotted line. While buying is being seen across the board, select engineering, power and software stocks are bearing the brunt of profit booking. The BSE-Sensex (^BSESN) and NSE-Nifty (^NSEI) are trading in the positive, up by around 142 points and 38 points respectively. The BSE-Midcap and BSE-Smallcap indices are trading almost flat currently. The Rupee is trading at … [visit site to read more] India Stock Market: Sensex Up 236.20 Points On Friday November 20, 2009 at 4:34 am Sensex up 236.20 points on Friday (November 20, 2009) –Recovers smartly from low post government’s comments on P-notes –Up for 3rd week in row Sensex rose 236.20 points or 1.4% to 17021.85 Nifty rose 63.45 points or 1.3% to 5052.45 Mid Cap rose 1.1%. Small Cap rose 0.4%. BSE 500 was up 1.1%. Sensex gainers: 27 All 13 BSE Sectoral indices posted gains. Advancers: 1452, Decliners: 1240, Unchanged: 98 Advance/Decline Ratio: 7:6 Sensex Day’s Range: 17041.79 - 16635.75 Nifty Day’s … [visit site to read more] Dear Reader, We Cannot Criticize Goldman Sachs. Instead, We Admire It November 20, 2009 at 4:31 am The Lloyd’s Prayer Our Chairman, who art at Goldman Blanfein be thy name The rally’s come God’s work be done On earth as there’s no fear of correction Give us our daily gains… Poor Goldman Sachs (GS). Everyone is on its case. Criticizing. Carping. Jealous. Envious. So, today we rise in defense of the Wall Street giant. Yes, the Goldmen may be shysters. But they are honest shysters… We pick up sword and shield, ready to fight for Goldman, after reading The Financial … [visit site to read more] Latest "Disastrous" US Housing Data Doesn't Support Homebuilder Stocks November 20, 2009 at 4:21 am October housing starts fell almost 11 percent. Mortgage applications have collapsed to a record 12-year low. Foreclosures are increasing the stock of homes to be sold at a pace of 300,000 per month.  Unemployment at 10.2 percent is not supporting home purchases, especially when rents are also decreasing. What’s left? Well, the government is trying to help… which is usually a bad sign. The Federal Housing Administration right now has an insurance reserve ratio of just 0.53 percent. … [visit site to read more] Video: Clean Energy Alliance Between China And U.S. November 20, 2009 at 4:11 am Chinese clean energy technology companies announced plans to invest in solar & wind manufacturing plants in the U.S. … [visit site to read more] Stock News Briefs: AOL To Cut One-Third Of Workforce; DirecTV Won't Rule Out Possible Takeover November 20, 2009 at 4:09 am AOL to Cut One-Third of Workforce; Geithner Rebuffs Calls for Resignation; Oil Follows Equities’ Decline; Leading Indicators Hit Two-Year High; U.S. Making Plans for New Iran Sanctions; DirecTV Won’t Rule Out Possible Takeover AOL LLC Chief Executive Tim Armstrong told employees yesterday (Thursday) that he will ask for 2,500 volunteers, about one-third of the company’s workforce, to be laid off, The Wall Street Journal reported. The voluntary layoff program, which is part of an effort … [visit site to read more] 2010 Outlook For The US Banking Industry November 20, 2009 at 3:02 am What does the future hold for our banking industry? Will it be 'business as usual,’ as some on Wall Street might like? Will the populist rage sweeping the country compel those in Washington to enact meaningful reform? Will credit loosen? Will housing stabilize and support increased lending by banks? How many banks will close? So many questions and so much uncertainty. While we can make projections on all these fronts, let’s tap into the minds of those who monitor developments in banking … [visit site to read more] Video: Pre-Market: German Producer Prices November 20, 2009 at 3:00 am The stories,data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more] Get Rid Of Your General Electric Shares November 20, 2009 at 2:02 am We’ve had General Electric (GE) in the OI portfolio for almost four years, predating my tenure as editor… Frankly, I don’t think GE is going to give us much more from here. It’s time to sell General Electric. Deep down, it pains me to part from GE. This is an iconic old American firm, now grown into a world technology powerhouse (no pun intended). I honestly LOVE the GE business divisions that deal with 'real’ things, like jet engines and locomotives and power generators and … [visit site to read more] Are You Going For Yield With Your ETFs? November 20, 2009 at 1:01 am It’s hard to deny the appeal of an exchange traded fund (ETF) yield that’s sitting solidly in the double-digits, especially now that interest rates are at historic lows. But these high yields could be luring some investors to take on more risk than they’d otherwise be comfortable with.The latest short-term interest rates are at all-time lows, causing investors to seek performance in intermediate-term, mortgage-backed and other relatively risky bond funds for a better return, Karen … [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.