11/11 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: 11/10 3Q Home Prices Fall While Home Sales Rise November 10, 2009 at 10:34 pm The National Association of Realtors announcedTuesday that national home prices have fallen during the 3Q while home sales rose. … [visit site to read more] The Four Best Places To Keep Your Gold November 10, 2009 at 10:01 pm “Keep moving,” said the TSA agent… Two years ago, I traveled from Las Vegas to Baltimore with five gold coins - worth $8,000 - in my pocket. I wanted to know if the gold coins would set off the airport security systems. I put my bag onto the belt and threw my shoes into a plastic bin. I kept the coins in my pocket. The security officer beckoned me through the metal detector. Nothing happened. The gold coins did not set off the metal detector. I love owning physical gold … [visit site to read more] TIP ETF: Twice Less Volatile Than The SPY November 10, 2009 at 9:01 pm I first mentioned Treasury Inflation Protected Securities or TIPS in an article on August 28 when I noted that “the TIP’s ETF has “broken out” as it appears to be attracting the interest of investors.” Since that time, the iShares Lehman TIPS Bond Fund (TIP) or TIP’s ETF is up 3%. Figure 1 is a daily chart of the iShares Lehman TIPS Bond Fund - TIP - with volume bars in the middle panel and the on balance volume indicator (with a 40 bar moving average) in the lower panel. On Monday, … [visit site to read more] Bank Of America - Higher Credit Costs And Worsening Credit Quality Will Be A Drag On Upcoming Results November 10, 2009 at 8:32 pm In its latest quarterly Lending & Investing Initiative report, Bank of America Corporation (BAC) said on Monday that it has extended about $184 billion in credit during the third quarter of 2009 to support households and communities. The report makes obvious how BofA is utilizing the bailout money to support the U.S. economy. According to the report, since the fourth quarter of 2008 when the Troubled Asset Relief Program (TARP) was initiated, BofA had extended $759 billion in new … [visit site to read more] US Bank Credit Standards: The Worst Of The Tightening Is Over November 10, 2009 at 8:01 pm Banks have pretty much stopped tightening credit standards, but that doesn’t mean they are easing–maybe not, at least.  The chart below is based on the Federal Reserve’s Survey of Senior Loan Officers.  The question asked is whether they tightened or eased credit standards.   The chart shows “net percent,” which is the percent who said that tightened minus the percent who said they eased. In this survey, as in recent surveys, no one said he had eased.  It’s all tightening or … [visit site to read more] A Third Reason To Own Crude Oil November 10, 2009 at 7:31 pm We had two reasons to own crude oil, and now we can add a third. Figure 1 is a weekly chart of a West Texas Crude Oil (cash data). The indicator in the middle panel measures crude oil’s 52 week performance relative to a basket of 8 currencies.Those currencies are: 1) Australian Dollar; 2) Canadian Dollar; 3) Swiss Franc; 4) Eurodollar; 5) British Pound; 6) Singaporean Dollar; 7) Japanese Yen; 8) US Dollar. Priced in these currencies, crude oil is out performing, and it is far from … [visit site to read more] Is Goldman Sachs Doing God's Work? Wow! November 10, 2009 at 7:31 pm Do you get the sense that Wall Street in general and Goldman Sachs in particular are getting overly miffed at the disdain heaped upon it by the American public? I do. In a spirited defense put forth by Goldman Sachs CEO, Lloyd Blankfein invokes the Lord’s name in promoting the virtues of Goldman Sachs’ work. … [visit site to read more] Look At These Other ETFs To Play Natural Gas, Instead Of The Popular ETF, UNG November 10, 2009 at 7:14 pm The most popular Natural Gas ETF (UNG) has been under so much scrutiny with its fund that investors are finding themselves looking for other ETF alternatives.  Natural Gas has been at decade lows that investors feel now is the time to get in.  For this reason the Natural Gas ETFs are on everyone’s radar and many want it part of their portfolio. Here are some other Natural Gas ETFs you may want to look at.   Vincent Fernando from Business Insider listed 3 ETF’s we thought we would … [visit site to read more] Send Your Portfolio To Happy Hour With These Beer-Loving Stocks November 10, 2009 at 7:01 pm After a decade of global consolidation, beer brewers have greedily hit just about every notable location. Except Mexico, that is - the ninth-largest beer market in the world. But Mexican beverage and retail conglomerate Femsa - formerly known as Fomento Economico Mexicano (FMX) - now faces the end of its 25-year Mexican duopoly with rival Grupo Modelo. Accepting the inevitable, Grupo Modelo will likely negotiate a full selloff to Anheuser-Busch InBev NV (BUD) sometime in the … [visit site to read more] Cartoon: Tear Down That Wall Street November 10, 2009 at 6:01 pm … [visit site to read more] Another Big Wave Of Foreclosures Might Make People Realize The Fraud Of Economic Recovery November 10, 2009 at 5:55 pm The Dow rose 200 points yesterday, bringing it only about 75 points below the 10,300 level. Why is the 10,300 mark important? It’s not really…it’s just the point where this bounce will equal the bounce following the crash of ‘29. No reason in particular that this bounce should be the same as the one 80 years ago. But no reason it shouldn’t either. Gold rises with the stock market. The yellow metal hit a new record over $1,100 yesterday. Why is that that important? Well, it’s not … [visit site to read more] USD/JPY Testing The Upside November 10, 2009 at 5:40 pm Apart from a period where the price moved up then down, the USDJPY has more or less traded below the 200 bar MA since midnight last night.  IN the last hour or so, the price has moved back above the 100 bar MA on the 5 minute chart at the 89.80 level but remains contained.  On the downside, the 89.68/71 level has remained as the low range for the day. Yesterday the low was also 89.68. Since 8:00 AM NYT, the high has been 89.91.  The narrow range is a clue for a range extension.  … [visit site to read more] In-Your-Face Influence Peddling November 10, 2009 at 5:01 pm Based on how slowly financial reform is going, how few people and firms have been punished for indiscretions that helped bring about the worst financial crisis this century, and, most of all, how much public money has been thrown its way, its clear that that the financial industry has done a phenomenal job as far as influence peddling is concerned. That said, if it was just one industry throwing a bit of grease around, it might not be so bad. But the truth is that many of those who … [visit site to read more] USD/JPY On The Verge Of A Bearish Breakdown November 10, 2009 at 4:21 pm Price action on USD/JPY, a daily chart of which is shown, is currently on the verge of a bearish breakdown below a newly-formed symmetrical triangle consolidation pattern. This occurs in an overall environment of USD/JPY bearishness within the context of a general downtrend that has been in place since April. Within this downtrend, price has broken down below several bullish corrections and pattern consolidations, as shown on the chart. The current triangle could be the next bearish … [visit site to read more] Tax-Managing Your Portfolio: 5 Steps To Cut Your Taxes, Plus 4 Tax-Break Options November 10, 2009 at 4:01 pm According to investment legend John Templeton, every investor’s long-term goal should be the same: maximum total return after taxes. Too many investors forget those last two words. As the years go by, you can save many tens of thousands of dollars by taking advantage of the incentives that Congress has built into the tax laws. It all starts with tax-managing your portfolio. Five Steps For Tax-Managing Your Portfolio When it comes to tax-managing your investment portfolio, here … [visit site to read more] Midday Options Trading Outlook: Order Flows, Unusual Volume, Implied Volatility Movers November 10, 2009 at 3:24 pm Stocks opened lower and are near session lows midday, but trading has been relatively quiet amid a lack of market moving news Tuesday. The optionsXpress Education team receives lots of questions and I want to share a recent inquiry - what are option synthetics? Simply stated, synthetics are positions that are combined to act like another strategy. There are three building blocks that may make up any synthetic position: stock, calls, and puts. By combining some of these building blocks in … [visit site to read more] How Google's Android Could Diminish Apple's Hold On The Smartphone Market, As Well As That Of Research In Motion And Nokia November 10, 2009 at 3:09 pm Smartphones have taken the handset market by storm. Demand for Apple Inc. (AAPL) iPhones and BlackBerrys from Research in Motion Limited (RIMM) have stayed strong, even through the economic downturn. It appears that no matter what, many people simply need their touch-screen, pocket-sized, multimedia gadgets. Sure, it costs a little bit extra to purchase a smartphone (as opposed to a “dumb” one, I guess), but consumers seem willing to splash the extra cash. Consider … [visit site to read more] Law Firm Files Class Action Lawsuit On Behalf Of Investors In ProShares UltraShort S&P500 Fund (SDS) November 10, 2009 at 3:05 pm (BUSINESS WIRE)-The law firm of Stull, Stull & Brody announces that it has filed on November 9, 2009 a class action complaint in the U.S. District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired shares in the ProShares UltraShort S&P500 Fund (the “SDS Fund”) - SDS, an exchange-traded fund (”ETF”) offered by ProShares Trust (”ProShares”), pursuant or traceable to ProShares’ false and misleading Registration Statement, … [visit site to read more] Why Oil ETFs Are Lagging Oil Prices November 10, 2009 at 3:01 pm Earlier this year, oil exchange traded funds (ETFs) were lagging oil prices by a wide margin thanks to contango. Although the situation has improved, it brings to light a situation that futures-based commodity funds can experience. In the last month, United States Oil Fund (USO) has been lagging oil prices slightly: it’s up 10.4% in the last month, compared to about 10.7% for oil prices. PowerShares DB Oil (DBO) is up about 10.2% in the same time period. Contango, when the … [visit site to read more] British Pound Tumbled Earlier On Ratings Cut Fear But Has Since Regained Footing November 10, 2009 at 2:22 pm The dollar has stabilized on Tuesday after a raucous battle to begin the week. However, key influences helping the dollar stand up appear to be a series of known factors that may have only provoked light profit taking before the move can continue. With many currencies reaching new highs for this move recently and the dollar index reaching a 13-month low there is a reasonable amount of resistance towards a headlong lunge into fresh territory for now at least. The Brazilian real pared gains … [visit site to read more] Priceline Options Activity Picks Up As Revenues Grow November 10, 2009 at 2:16 pm PCLN - Priceline.com, Inc. - Third-quarter sales and profit at online travel agency, Priceline.com, exceeded analyst expectations and sent shares up 19% today to a new 52-week high of $206.78. PCLN posted earnings of $3.45 per share whereas previous forecasts averaged around $2.92 per share. Priceline raked in 30% higher sales of $730.7 million for the quarter. Investors initiated bullish stances on the stock by purchasing 3,200 calls at the November 210 strike for an average premium of 2.72 … [visit site to read more] What Does China's Water Shortage Have To Do With Commodities And Fertilizers? November 10, 2009 at 2:01 pm China is the largest importer of soybeans and has been since 2000. China was once the largest exporter of soybeans, but flipped to a net importer in 1995. It may well be impossible for China to meet its demands for soybeans by producing more of its own. Passport Capital, an astute hedge fund, estimates that in order to grow enough soybeans to become self-sufficient, China would need to cultivate an area about the size of Nebraska. That looks impossible against China’s arable land base, … [visit site to read more] Video: 11/10 Risk Aversion Continues To Rise November 10, 2009 at 1:56 pm Risk aversion continues to rise this session as a lack of economic data keeps investors away from higher-yielding/riskier assets. … [visit site to read more] Video: 11/10 Market Movers: BZH, PCLN, AIG, CLWR November 10, 2009 at 1:55 pm The latest news and information on U.S. stocks that are moving the market. … [visit site to read more] Nigel Rendell: Buy Brazil, Sell Eastern Europe November 10, 2009 at 1:01 pm Nigel Rendell, emerging market strategist of RBC Capital Markets, talks to Izabella Kaminska of FT Alphaville about a broad spectrum of emerging-market related issues. Part 1: Rendell talks about the differing fortunes of economies from Russia to Argentina. He says Brazil remains a great pick outside Asia. Click here or on the image below to view the video. Part 2: With many analysts bullish on Chinese growth, the big challenge for investors is gaining exposure. Rendell says … [visit site to read more] Ignorance Defense Works On Wall Street November 10, 2009 at 12:01 pm Ignorance of the law is never an acceptable defense on Main Street; regrettably, the same does not seem to hold true on Wall Street. How so? A recent auction-rate securities arbitration case involving an investor who purchased ARS from a Raymond James financial representative acknowledges the ignorance of the sales rep, but effectively absolves the firm in the process. The implications of this decision should not be underestimated.  The Wall Street Journal sheds further light on this … [visit site to read more] Who Is To Blame For The Credit Card Fiasco November 10, 2009 at 12:01 pm I was recently talking to my mother, and she started talking about the evil credit card companies, and how they were out to get us all - right now - by jacking up our rates unfairly in a bid to record massive profits before new consumer-oriented legislation begins going into effect. She cited personal examples of people who have been coming into the credit union where she works, telling tales of new fees, lower limits, and interest rates doubling overnight for no good reason. And … [visit site to read more] Australian Dollar: The Downside Prevails November 10, 2009 at 11:10 am Update on supports and resistances. … [visit site to read more] Canadian Dollar: Caution November 10, 2009 at 11:10 am Update on supports and resistances. … [visit site to read more] Buffett's Hidden Reasons For Buying Burlington Northern Santa Fe November 10, 2009 at 11:01 am Did Buffett overpay for Burlington Northern Santa Fe? The Oracle of Omaha surprised many of his followers by doing such an expensive deal. On looking behind the scenes, though, the reasoning makes sense… The recent deal to buy Burlington Northern Santa Fe Corp. (BNI) is the biggest Warren Buffett has ever made. Buffett has called it an “all-in wager on the economic future of the United States.” The Wall Street Journal gamely characterizes the purchase as reflecting “long-term … [visit site to read more] Video: 11/10 "A Quiet Day For The Markets" November 10, 2009 at 10:55 am Floor trader Alan Valdes shares why he believes the markets to be mostly flat this session following consecutive sessions of large movements. … [visit site to read more] Bond ETFs: Is It Time To Exit? November 10, 2009 at 10:45 am Although not as impressive as the stock market’s gains since March 9, in the last year BBB-rated companies have returned 38%. But it begs the question: what do we expect those bonds and exchange traded funds (ETFs) to do next? Investment-grade corporate bonds may have lagged the overall broad market’s gains, but from a bond standpoint, their performance has been outstanding. Jeffrey R. Kodnett for Kiplinger asks what can be expected from single-A to triple-B bonds. Companies are … [visit site to read more] Video: 11/10 NYSE Opening Bell Market Monitor: HCS, BCS, JAVA November 10, 2009 at 10:43 am The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more] Video: 11/10 Asian Markets Mixed On Sensex Slide November 10, 2009 at 10:22 am The major Asian/Pacific markets were mixed this session after India’s BSE Sensex index posted a slight decline this session. … [visit site to read more] G20 Fizzles As China-Africa Summit Leads To A $10 Billion Loan November 10, 2009 at 10:01 am While U.S. and European officials this weekend squabbled over the specifics of an economic recovery plan, China took another step to ensure long-term economic growth by inking another multibillion-dollar deal with Africa. Finance ministers from the Group of 20 (G20) met over the weekend to discuss the ongoing healing process taking place in the world’s financial system. Officials agreed that stimulus measures should remain in place, as the global economic recovery is still vulnerable. … [visit site to read more] Government Program Boosts Freddie Mac November 10, 2009 at 10:01 am Freddie Mac’s (FRE) third quarter net loss (available to common shareholders) came in at $1.94 per share, compared to a net loss of 11 cents in the prior quarter and $19.44 in the prior-year quarter. Results for the quarter exclude the preferred dividend of $1.3 million paid to the U.S. Department of the Treasury on the senior preferred stock. Though the results improved significantly over the prior-year quarter, the company expects its provision for credit losses to remain high … [visit site to read more] Stock Market News: Priceline Beats Earnings, Electronic Arts To Slash 1500 Jobs, Google Buys AdMob November 10, 2009 at 9:50 am Priceline.com (PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about $1.06-$1.16 Electronic Arts (ERTS) said it plans to cut 1500 additional jobs. The firm reported second quarter adjusted earnings of 6 cents, a one penny miss, on revenues of $1.15 billion, which … [visit site to read more] EUR/USD Continues Consolidation Today. Shorter Term Moving Averages Converge November 10, 2009 at 9:22 am The EURUSD consolidated for the NY session, staying between 1.4980 and 1.5020. Today, the topside was the same, but the downside was explored.  The low for the day came in at the 1.4951. The consolidation has led to the market moving above and below the 100 and 200 bar moving average on a 5 minute chart.  In addition, the two moving averages have converged at the 1.4986 level.  When the moving averages and the price converge this is indicative of a non-trend market.  Non-trend … [visit site to read more] Swiss Franc: The Downside Prevails November 10, 2009 at 9:10 am Update on supports and resistances. … [visit site to read more] Japanese Yen: Under Pressure November 10, 2009 at 9:10 am Update on supports and resistances. … [visit site to read more] British Pound: The Downside Prevails November 10, 2009 at 9:10 am Update on supports and resistances. … [visit site to read more] Euro: Under Pressure November 10, 2009 at 9:10 am Update on supports and resistances. … [visit site to read more] Real Pandemic In The US Economy: Unemployment November 10, 2009 at 9:01 am In much the same way Goldman (GS) and the Wall Street crew have been bailed out financially by the US government, they now also have the rep of getting bailed out of swine flu with early access to the H1N1 shots. Regular Americans, on the other hand, are still struggling to get flu shots to protect their health. At least it provides a welcome distraction from the nation’s real pandemic… becoming … [visit site to read more] US Dollar Up Slightly After Being Bashed Yesterday November 10, 2009 at 8:44 am The U.S. Dollar is trading slightly better this morning versus most major currencies after the bashing yesterday sent the trade weighted Dollar index to a 15 month low. Short-term indicators are oversold which could lead to a short-covering rally today. Yesterday the Dollar was under pressure because over the weekend the Group of 20 decided not to issue a supportive statement and instead agreed to support continued economic stimulus. This led to a move by investors into riskier assets … [visit site to read more] Stocks To Watch Tuesday November 10, 2009 at 8:36 am List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Monday ORCL - Oracle Corporation TSO - Tesoro Corp EWT - WEBS Taiwan EP - EL PASO CORP JCP - PENNEY J C CO INC KWK - Quicksilver Resources VG - VONAGE HOLDINGS CORP 1.32 MAR - MARRIOTT INTL INC NEW FDX - FedEx Corporation DVN - Devon Energy Cp MMC - Marsh and Mclennan ACAS - American Cap Ltd TLM - TALISMAN ENERGY INC NIHD - NII Holdings Inc CNQ - Canadian Natural NPBC - National Penn Bancs ANR - … [visit site to read more] A Closer Look At Japanese Machine Tool Orders November 10, 2009 at 8:29 am There’s an econ release today saying that Japanese machine tool orders are up month over month - that should be perceived as good news.  I went deeper and looked closer at the release and was amazed when I saw the orders and sales and compared those levels to several years ago.  You can see that orders are roughly 1/2 of what they were a year … [visit site to read more] Auto Affordability Reaches Record High (21.9 Wks.) November 10, 2009 at 8:01 am Note: Left scale inverted. DALLAS/November 9, 2009 - The purchase and financing of an average-priced new vehicle took 21.9 weeks of median family income in the third quarter of 2009, according to Comerica Bank’s Auto Affordability Index. The third quarter reading improved 0.6 of a week, pushing the latest Index reading to the best affordability on record. Median family income was roughly unchanged in the third quarter. The average total cost of a light vehicle, however, fell by $800 … [visit site to read more] IEA Whistleblower Says Oil Production Capacity Deliberately Overstated November 10, 2009 at 8:01 am I am neither an alarmist nor a conspiracy theorist, but I have been extremely concerned about Peak Oil long before I took on the VIX a pet project. Now that I occasionally find myself as an unofficial source of all things VIX and volatility, it seems I am also perpetually on the lookout for storm clouds on the horizon. Where will the next big threat come from? commercial real estate? failed Treasury auctions? the dollar? Pakistan? According to The Guardian, a sure bet is Peak Oil. … [visit site to read more] Stock Market Briefs: Sprint To Cut 2500 Jobs, Google Buys AdMob, Fannie Mae May Need Further Bailout November 10, 2009 at 8:01 am Currency Battle Continues; Dow Hits 13-Month High; Fannie Could Need More TARP Money; Google Buying Mobile Ad Firm; Dish Network Surprises; GMAC Fails to Meet Fed’s Capital Deadline; Sprint Cuts Up to 2,500 Jobs; Las Vegas Sands Macau Business to Go Public; EA Off Its Game China rejected calls from Europe and Japan to allow its currency, the yuan, to appreciate against the U.S. dollar until exports revive, Bloomberg News reported, citing state research. China will stick with its … [visit site to read more] Indian Stock Market: Sensex Down On Tuesday Breaking 4 Day Rise November 10, 2009 at 7:56 am Sensex fell 58.16 points or 0.4% to 16353.40 Nifty fell 16.70 points or 0.4% to 4881.70 Mid Cap fell 0.4%. Small Cap fell 0.4%. BSE 500 fell 0.2%. Sensex losers: 22 Of 13 BSE Sectoral indices, 9 posted losses Advancers: 1290, Decliners: 1463, Unchanged: 56 Advance/Decline Ratio: 5:6 Sensex Day’s Range: 16677.53 - 16371.66 Nifty Day’s Range: 4947.70 - 4860.10 52-Week Range: 17493.17- 8047.17 Sensex losers included Bharti Airtel -4.5%, Hero Honda -3.3%, DLF -3.2%, Reliance … [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.