FeedTheBull - Stock Market News

theEquilibrium: Technical Gut-Check: Nasdaq and S&P 500

FINZ.tv — Fri, 12 Jun 2009 04:14:00 -0600

This one’s going to be quick and dirty.

Since I’ve already posted numerous monthly charts for both indexes here and on twitter, let’s not waste our breath: they’re bullish - and it will take a lot of damage to change that on the long-term time frames.

So let’s get to it:

[COMPQ daily chart]

Since breaking out of its symmetrical triangle pattern at the end of May, the Naz has entered an up channel pattern on decreasing volume, and with negative RSI and MACD divergences. It is also moving towards very strong gap resistance in the 1896 range from last October.

A break of the up channel (in either direction) is what I’m looking for. Until that happens, we’re obviously in a range: [...]

Handsome James: Today’s Market Commentary Thursday June 11, 2009

FINZ.tv — Fri, 12 Jun 2009 04:08:29 -0600

Well even though we are in a range for the last 2 weeks there are plenty of opportunities for day traders to make money. Also the range gives us well defined entries for a trend trade based on a breakout or breakdown. I continue to watch the 60min 50sma on the indices for support and resistance. We failed them yesterday but managed to close above before it was all said and done yesterday. I am also watching closely the ZM 30-Year U.S. Treasury Bond Futures. As this instrument falls rates go up and we can not sustain a rally if interest continue to rise. Interest rates going up were the impetus of the 87 crash.

We broke the 60min 50sma on the Dow Jones Industrial Average but rallied off of Tuesday's low and closed above the 60min 50sma. This market keeps getting bid off any pullback but that at sometime will dissipate. [...]

China continues to funnel USD's into commodity investments

Bullion Bulls — Thu, 11 Jun 2009 20:15:21 -0600

There was yet another news item out on June 8th concerning still more investing by China in the infrastructure of another commodity-producing nation. While there was nothing especially noteworthy about this one, particular investment, it does not only reinforce an obvious trend – but also counters yet another myth about China's investment policies.The media in the “old” economies of U.S. and Europe like to portray China as a pariah who invests primarily in the oppressive regimes of the world. However, this particular news item concerns a Chinese investment in the copper industry of Zambia – one of the most-stable and most-progressive of African governments.

Stress Test Sham

TWSInvestments — Wed, 10 Jun 2009 13:27:03 -0600

The recent government stress tests were made laughable last week as the US unemployment rate hit a recession high of 9.4%. This unemployment data was released Friday, June 5th, less than a month after the government completed the stress tests of 19 major financial companies. The tests were designed to determine which financial institutions are strong enough to weather a further weakening in the US economy. As of yesterday, ten institutions passed the tests and have been approved to repay the borrowed TARP funds.

So what's the problem? The stress tests were devised to test banks in a variety of deteriorating economic conditions from mild to adverse. Yet, the most adverse scenario measured their resilience to an umemployment rate of 8.9%. Literally, less than a month after the results were released, the umployment rate is higher than the most adverse scenario tested. What a joke! While we never supported the stress tests from the beginning, this just makes them comical at best, and highly detrimental at worst.

Europe Is Being Held Together With Duct Tape

Justice Litle — Wed, 10 Jun 2009 12:53:35 -0600

Among its many other sins, the greenback is a press hog. The world’s reserve currency, loved and loathed as it is, simply gets most of the ink these days.

John Tantillo's Winner and Loser of the Week: GM and Levi 's

sixfingers — Wed, 10 Jun 2009 12:23:07 -0600

Brand expert John Tantillo named GM last week's brand winner, despite their recent Reinvention commercial, saying that their chance at success lies not with GM but with GM's individual brands. He also named Levi's last week's brand loser, for risking alienating some of their customers through its "White Knot" program.

WisdomTree To Venture Into New Territory

greenfaucet.com — Wed, 10 Jun 2009 10:21:25 -0600

IndexUniverse reported that WisdomTree has filed for some very interesting alternative or hedge fund-like ETFs. The fun;
A Long Short fund that would go long WisdomTree dividend-weighted funds and short the comparable cap-weighed funds.

LVLT, OXGN, HAL, BAC I’m Stocking Them

theWild1 — Thu, 11 Jun 2009 11:24:51 -0600

The latest charts and technical analysis of Haliburton, Oxigene, Level 3, and Bank of America.

Solution: Derivatives On Exchanges

TWSInvestments — Wed, 10 Jun 2009 13:24:56 -0600

Richard Bookstaber, an authority on derivative trading, testified before a Congressional Committee in a hearing entitled Regulatory Reform and the Derivatives Market on June 4, 2009. Bookstaber has spent years in risk management at various institutions including Morgan Stanley, Solomon Brothers, Citigroup, Ziff Brothers Investments and Bridgewater Associates. He has also authored several books on the subject of derivatives, most notably A Demon of Our Own Design published in April of 2007 that warned of the possibility of a financial crisis arising from our abuse of derivative products. His testimony was both straightforward and enlightening...

BHBGroupTrader Weekly Market Spread Report: Issue 6 Equities Edition

FINZ.tv — Fri, 12 Jun 2009 04:01:09 -0600

The biggest story from last week, and one which I am monitoring very closely, is the rise of interest rates in the US. The Ten year treasury bond yield which stood at 3.16% a month ago has moved to 3.83% on Friday. The 30 year Treasury bond has moved from 4.06% a month ago to 4.6% on Friday The increase in rates is a major factor for US mortgage rates and for the hopeful turnaround in housing values and sales. US mortgage rates have jumped almost 28% during the past few weeks and this continues be a major factor for new homeowners who will need the incentive of low rates to be able to feel confident in buying a home.

This week we will get a good look at the health of the US consumer with May retail numbers on Thursday. Expectations are for an increase in sales of 0.5% versus a decline in April of –0.4%. The treasury is also continuing with some major bond auctions looking to sell $35 billion in 3 year notes on Tuesday, $19 billion in 10 year notes on Wednesday and $11 billion in 30 year notes on Thursday. The outcome of these auctions will be very important to watch for equity markets. Recent auctions have been very well received but traders are worried that the US might be going to the well too many times. The major trend-line for 30 year interest rates will need to be watched at 5.09% since it dates back to 1986 and if broken might signal higher rates for years to come. [...]

How Do I Keep My Covered Call Stock From Assignment?

jasonnoguchi — Fri, 12 Jun 2009 00:48:04 -0600

I sold 6 $31 June calls on X company stock and the stock has surged to $39. Is there anything I can do optionwise to keep X shares besides buying back the 6 $31 june calls? Thanks for your help

The Keynesian Road to Ruin – 60 Years of Booms and Busts

Adam Lass — Thu, 11 Jun 2009 10:38:19 -0600

The Keynesians only know one trick: crush the dollar, and then crush it some more. Editor Adam Lass examines Keynesians hold on the levers of power and how Taipan Daily readers can profit.

Goldman Sachs CEO "Long Recession"

greenfaucet.com — Wed, 10 Jun 2009 10:40:24 -0600

I hate using the CEO of the Pupper Master Corporation, Government Sachs (GS) as my support , but even HE thinks we're in for a long recession. Considering Goldman is privy to information many of us will never be allowed to be let in on,it just further supports my views...

Hidden Gems Report For June Given To Premium Subscribers Yields 60% Gainer In A Week

inthemoneystocks — Tue, 09 Jun 2009 19:46:11 -0600

Below Is The Actual Video Posted For Research Center Premium Subscribers On June 1st, 2009 As The Hidden Gem Report.

My favorite Indicator for inflation and it’s not gold. (New Video)

inobrad — Wed, 10 Jun 2009 08:42:11 -0600

One of my favorite indicators for large cyclic trends has accurately forecasted every inflationary and deflationary cycle since it was created in 1957.

You may want to watch this index carefully should you want to invest in certain stocks and commodity related markets. Over the last half-century, this index has seen some remarkable moves both on the downside and in the last few months on the upside. I believe that this is the indicator that everyone should watch. If you trade stocks or futures and are interested in world trade trends, this is the indicator to track.

Video link to new video and forecast RIGHT HERE.

The tenth revision of this index renamed it the Reuters-Jefferies CRB Index (NYBOT_CR) You can easily track this indicator everyday using MarketClub. You can learn more about this index from our Trader’s Blog.

Here is a list of the 19 markets that are included in the RJ/CRB index as implemented in the 2005 revision:

Metals: aluminum, copper, gold, nickel, silver

Energies: crude oil, heating oil, natural gas, unleaded gas

Grains: corn, soybeans, wheat

Food & Fiber: cocoa, coffee, cotton, orange juice, sugar

Livestock: lean hogs, live cattle

Take a few minutes to watch this short video and see how you can benefit from this indicator. There is no fee and there is no registration required.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub