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US Consumers To Spend More On Dining And Travel In 2013

Ivan Daniel — Tue, 18 Jun 2013 14:20:01 +0000

This year, US consumer optimism seems to be increasing, with regards to personal finances compared to the previous year, with 76% of consumers believing that their personal finances are either stable or improving.

According to a survey conducted by Chase Blueprint earlier this year, 2013 has seen an increase of 11% in optimistic consumers compared to 2012, with 76% of Americans saying their personal finances are improving or stable compared to the previous year.

45% of consumers believe … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Mortgage Rates Rise While Mortgage Applications Increase

Katrina Gutierrez — Fri, 14 Jun 2013 14:11:17 +0000

This week mortgage applications increased 5% compared to the previous week. However, mortgage rates have also continued to increase, with all rates increasing this week compared to the previous week except for 1-year mortgage rates, which have remained stable.

30-year fixed-rate mortgages increased from 3.91% last week to 3.98% this week. This is the highest rate we’ve seen in 30-year mortgages since April 2012.

According to Freddie Mac, 15-year fixed-rate mortgages also increased to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

American Express Business Platinum Review: Worth $450?

Ivan Daniel — Tue, 11 Jun 2013 14:13:00 +0000

American Express Business Platinum Card is a prestigious charge card for those of you who are business owners that have a strong business credit history, and are often flying for business. This card offers a myriad of benefits, such as free airport VIP lounge access, plus it rewards you with 25,000 bonus points as a signing promotion. However, this card has an annual fee of $450.

Considering that some business credit cards out there do not have any annual fees, the question to ask is, is … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Mortgage Rates Rise For The Fifth Week In A Row

Katrina Gutierrez — Fri, 07 Jun 2013 14:48:12 +0000

This week mortgage applications have decreased once again by 11.5% compared to last week. Mortgage rates have again skyrocketed well above the minimum rates we saw during the first few months of 2013.

30-year fixed-rate mortgages have increased to 3.91% this week compared to 3.81% last week. This is almost a 0.5% increase compared to a month ago, when 30-year mortgage rates were at 3.42%.

15-year fixed-rate mortgages have also gone up to 3.03% this week compared to 2.98% the previous … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Avoid Late Fees And Penalty Interest Rate With Citi Simplicity Credit Card

Ivan Daniel — Tue, 04 Jun 2013 13:20:55 +0000

Have you ever paid a bill after its due date? Have you wasted money by paying late fees? If this is the case, you are not the only one, as according to a Citibank (NYSE:C) survey, 59% of all Americans have paid a bill after its due date, and 88% of those who have paid a bill late have done so within the last 12 months.

According to this survey, the main reasons for making these late payments for 61% of those surveyed was due to forgetfulness, 42% because of not having the money and 39% because … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Mortgage Rates Jump While Consumer Confidence Rises

Katrina Gutierrez — Fri, 31 May 2013 12:06:22 +0000

This week mortgage applications decreased 8.8% for the third week in a row. One possible reason for this decrease might be the rise in mortgage rates as well as home prices in the US.

Home prices have increased 10.9% within the last 12 months since March 2012, which is above the estimated increase of 10.2%. This increase in house prices is the largest we’ve seen since 2006.

Consumer confidence has also increased this month to the highest level since 5 years ago, with consumers becoming … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Chase Ink Business Credit Cards Offer Easy Receipt Capture On The Go

Ivan Daniel — Tue, 28 May 2013 14:34:57 +0000

Business credit cards are really a great companion to your small business, especially when banks keep innovating to come up with new features to help cardholders save even more time. JPMorgan Chase (NYSE:JPM) has just come up with a very convenient new feature to let you process your receipts on the go. So if you feel like you’re often stuck in that unpleasant task of sorting through your business receipts, you’ll find this new feature a big time-saver.

This new receipt capturing feature … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Mortgage Rates On The Rise

Katrina Gutierrez — Fri, 24 May 2013 14:53:23 +0000

This week mortgage applications decreased 9.8%, for the second week in a row, while mortgage rates have continued increasing for the third consecutive week.

According to Freddie Mac, although most mortgage rates have increased this week, 1-year adjustable-rate mortgages are still at the second lowest rate we have seen in almost half a decade.

30-year fixed-rate mortgages have gone up from 3.51% last week to 3.59% this week, reaching the second highest rate we have seen this year. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Bank FlexPerks Travel Rewards Review – Get 17,500 Bonus Points

Ivan Daniel — Tue, 21 May 2013 13:16:54 +0000

US Bank FlexPerks Travel Rewards is a Visa (NYSE:V) credit card issued by US Bank for people with excellent credit. It is a travel rewards card that offers a generous signing bonus of 17,500 points, and also a points system that lets you earn up to 3 points per dollar. This travel rewards card is also a balance transfer credit card and as such, gives you a one year period of 0% introductory APR when you make balance transfers or purchases with this card.

If you have excellent credit and want … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Mortgage Rates On The Rise While Mortgage Applications Decrease

Katrina Gutierrez — Fri, 17 May 2013 13:05:20 +0000

This week all mortgage rates have increased compared to the previous week when 1-year mortgage rates were at a record low. This is the second time this year that all mortgage rates rose simultaneously, something that hasn’t occurred since January 31, 2013.

Due to this rise in mortgage rates, there has been an big decrease in mortgage applications this week, which fell 7.3% compared to a week before.

This week 30-year fixed-rate mortgages have gone up to 3.51% compared to last week when … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Best 4 Credit Cards For Bad Credit, 2013

Ivan Daniel — Mon, 13 May 2013 13:34:23 +0000

Credit cards for bad credit in the US may have some of the worst terms for cardholders. Many card issuers don’t offer ‘normal’ credit cards to people with bad credit, and if they do, those cards will come with very high interest rates, penalties and fees which could crush you if you already face financial difficulties. It’s almost impossible to do without a credit card in this day and age. But fret not, because we are here to help you! If you have a bad credit score (below about … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

1-Year US Mortgage Rates Reach Record Low While Mortgage Applications Increase

Katrina Gutierrez — Fri, 10 May 2013 12:39:36 +0000

This week mortgage applications have increased 7% compared to last week, which is a very large increase considering that last week mortgage applications only increased 1.8%.

At the same time, this week 1-year adjustable-rate mortgages have decreased to a new record-low, in contrast to most other mortgage rates which have increased this week above their record low levels.

30-year fixed-rate mortgages have had quite a large increase this week, reaching 3.42% compared to 3.35% last … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

How Chase Sapphire Preferred Lets You Earn Triple Points When Dining Out

Ivan Daniel — Thu, 09 May 2013 13:46:08 +0000

Chase Sapphire Preferred credit card has started this month off with an amazing new offer for those of you who like dining out: on the first Friday of each month from now till December 2013, you will earn 3 points for each dollar you spend dining out.

This means you will earn an additional 1 point per dollar spent at restaurants, in addition to the 2 points you already earn on dining when eating out with your Sapphire Preferred card.

Apart from giving you more points when eating out, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow Settles At All-time High

NYFP — Tue, 07 May 2013 22:34:14 +0000

05/07/13 U.S. stocks added to recent gains Tuesday afternoon, with the Dow surpassing the 15,000 milestone, on strong European … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Tech Lags Into The Close After Hours

OptionsXpress — Tue, 07 May 2013 22:18:04 +0000

Cusick’s Corner 05-07-2013 After Hours
The grind higher continues and market averages are again sporting gains heading into the final 90 minutes of trading Tuesday. The economic calendar remains light until jobless claims Thursday morning. On the earnings front, DirectTV (NASDAQ:DTV), Fossil (NASDAQ:FOSL), and EOG Resources (NYSE:EOG) are among a handful of names trading higher on the heels of their respective reports. Hologic (NASDAQ:HOLX), First Solar (NASDAQ:FSLR), and Molson (NYSE:TAP) are seeing post-earnings … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For May 8, 2013

Antonio Costa — Tue, 07 May 2013 21:33:00 +0000

( click to enlarge )

Fortress Investment Group LLC (NYSE:FIG) broke out today and traded nearly 2x normal daily volume. The stock has the potential to make a big run on Wednesday, so keep a close eye on FIG and don’t miss the trade.

( click to enlarge )

SunTrust Banks, Inc. (NYSE:STI) broke above yesterday’s high at $29.89 and rose to $30.29 hitting the highest price in six months. Further rally could be seen to retest $30.68 long-term resistance. As long as the stock stay above 27 area, the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Belarus Cuts Rate 200 Bps, Sees Lower April Inflation

CentralBankNews — Tue, 07 May 2013 21:00:00 +0000

The central bank of Belarus cut its benchmark refinancing rate by a further 200 basis points to 25 percent, its third cut this year, saying inflation is expected to be “significantly lower” in April than in previous months, which leaves real interest rates at “a significant positive level.”
The National Bank of the Republic of Belarus, which has cut rates by 500 basis points this year, said a positive trade balance, along with a permanent excess supply of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Monetary Policy Rates – Apr. 2013: Central Banks’ Policy Rates Fall 749 Bps As Rate-cutting Spree Accelerates

CentralBankNews — Tue, 07 May 2013 18:01:00 +0000

Global interest rates fell further last month as eight central banks eased their policy stance – most notably the Bank of Japan with its “new phase of monetary easing” – pushing the average global monetary policy rate down to 5.70 percent at the end of April from 5.79 percent at the end of March and 6.2 percent at the end of 2012.
Central banks cut their key rates by a total of 774 basis points in April, the highest monthly amount this year, boosting … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Adobe Software Makeover Turning Heads

NYFP — Tue, 07 May 2013 18:00:09 +0000

05/07/13 Adobe Systems welcomed the next-gen Creative Cloud and the subscription model. The shrink-wrapped boxed software era draws to a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Offense Still In Control Midday

OptionsXpress — Tue, 07 May 2013 17:17:59 +0000

Cusick’s Corner 05-07-2013
The market has clearly rotated into offensive underlyings and out of defensive. Leadership has moved away from higher yielding defensive sectors, XLP/XLV/XLU, to sectors that perform better in stronger economic environments, XLE/XLF/XLI/XLB/XLI/XLK. The Energies, XLE, and Materials, XLB, are now challenging highs and are really taking on a strong leadership role in this new leg higher which is a real positive for continued economic growth. I want to keep a close eye … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Market Keeping Momentum Is A Good Sign

NYFP — Tue, 07 May 2013 17:03:12 +0000

05/07/13 James E. Coffey Securities’ Gregory Keating weighs in on record high levels for the Dow and S&P 500. Bigger picture fundamentals are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Edges Lower

NYFP — Tue, 07 May 2013 11:18:20 +0000

05/07/13 The price of oil edged slightly lower Tuesday as fears over Israeli involvement in Syria’s civil war … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Euro Rises Sharply Against The Dollar

NYFP — Tue, 07 May 2013 11:05:34 +0000

05/07/13 The euro rose sharply against the U.S. dollar during early trading hours Tuesday following the release of an unexpectedly strong German industrial orders … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Nikkei Surges To 5-year High, Europe Rallies

NYFP — Tue, 07 May 2013 15:55:09 +0000

05/07/13 Asian markets were mostly higher overnight with the Nikkei surging 3.6% to over 14,000 for the first time since June 2008. Europe is rallying and U.S. futures were modestly … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Similarity To 1979-82 Is Uncanny

Joseph Meth — Tue, 07 May 2013 15:15:20 +0000

Check out my latest article “The Similarity To 1979-82 Is Uncanny” in SeekingAlpha.com. In it I explained the following chart: … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow, S&P 500 Hit New Record Highs On Cautious Optimism

NYFP — Tue, 07 May 2013 14:59:15 +0000

05/07/13 Wall Street tracked global bourses higher as broader market-moving fundamentals were digested. Cautious optimism boosted equity averages above key technical … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Earnings, Global Data On Tap

NYFP — Tue, 07 May 2013 09:28:40 +0000

05/07/13 The midweek calendar brings more earnings reports and a handful of global economic data … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot, Dry Weather Spurs Cocoa Prices

OptionsXpress — Tue, 07 May 2013 14:18:10 +0000

Tuesday, May 7, 2013
Cocoa has been one of the top performing commodity markets in recent weeks due to the adverse growing conditions in West Africa. After very weak Q1 European grindings and Asian demand, confectioners have indicated that European activity has picked up. The combination of smaller output and better demand has bucked the trend of weak fundamentals in the softs market lately. Thus far, the Euro has only been able to post modest gains versus the greenback. If the currency can … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hedge Fund Survey: “Findings Are Troubling”

Larry Doyle — Tue, 07 May 2013 13:03:44 +0000

Early last year the US Attorney for the Southern District of New York, Preet Bharara, in alluding to activities within the hedge fund community asserted that insider trading was rampant and routine. Strong words.
Fast forward a year and a recent survey of those within the hedge fund world unsurprisingly shows that a host of issues remain and that the “findings are troubling.” Let’s navigate and review the results of this recent survey:

An independent survey of hedge fund … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, May 8, 2013

ForexMansion.com — Tue, 07 May 2013 11:03:58 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, May 8, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1620.50
+ 0.43
1611.08
1598.83

Bullish

Dow Jones – Jun YMM3
14983
+ 0.52
14907
14826

Bullish

Nasdaq – Jun NQM3
2946.50
− 0.03
2940.17
2903.42

Bullish

Russell – Jun TFM3
965.20
+ 0.77
955.31
943.37

Bullish

INTEREST RATES

US T-Bond – Jun ZBM3
146-08
− … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, May 8, 2013

ForexMansion.com — Tue, 07 May 2013 11:03:58 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, May 8, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.64
8.65
8.53

Neutral

AXP – American Express Company
70.24
70.27
69.64

Neutral

BA – Boeing Co
94.79
94.07
92.80

Bullish

BAC – Bank of America Corporation
12.90
12.64
12.26

Bullish

CAT – Caterpillar Inc
89.79
87.76
85.71

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, May 8, 2013

ForexMansion.com — Tue, 07 May 2013 11:03:58 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, May 8, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
110.75
110.90
111.20

Bearish

BND – Vanguard Total Bond Market ETF
83.69
83.77
83.94

Bearish

DBC – DB Commodity Index Tracking Fd
26.36
26.40
26.21

Neutral

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – May 7, 2013: Coeure Says ECB May Assess Banks’ Balance Sheets To Spur Lending

CentralBankNews — Tue, 07 May 2013 07:12:00 +0000

Here’s today’s Central Bank News’ link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Coeure says ECB may assess banks’ balance sheets to spur lending (Bloomberg)
Uruguay seeks to maximize growth (WSJ)
PROFILE-Venezuela’s central bank governor Edmee Betancourt … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Australia Cuts Rate To Boost Growth, Says FX Rate Still High

CentralBankNews — Tue, 07 May 2013 04:50:00 +0000

Australia’s central bank’ cut its benchmark cash rate by 25 basis points to 2.75 percent as lower-than-expected inflation had given it scope to cut rates to “encourage sustainable growth in the economy.”
The Reserve Bank of Australia (RBA), which embarked on an easing cycle in October 2011 and last cut its rate in November 2012, said economic growth had been a little below trend in the second half of last year and this appears to have continued into 2013 with … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Stocks Rally On Encouraging Numbers After Hours

OptionsXpress — Mon, 06 May 2013 22:17:54 +0000

Cusick’s Corner 05-02-2013 After Hours
Stock market averages scored solid gains on a busy day of economic and earnings news Thursday. A number of large caps, including GM, Facebook (FB), Visa (NYSE:V), Seagate Tech (NASDAQ:STX), and Prudential (NYSE:PRU), were higher in the wake of their respective results. On the economic front, data released early showed jobless claims at 324,000 last week, down from 342,000 and much better than the 346,000 that was expected. The report seemed to hold more sway than … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: S&Ps Extend Climb After Hours

OptionsXpress — Mon, 06 May 2013 22:17:50 +0000

Cusick’s Corner 05-06-2013 After Hours
Stocks finished mixed on a relatively slow news day Monday. With no economic data or earnings of broad market significance to guide the action, trading opened steady after overseas markets saw a day of mostly range-bound and uneventful action. Crude oil erased midday losses to add 22 cents to $95.82. Gold gained $5 to $1469. On Wall Street, Bank of America (NYSE:BAC) rallied 5 percent and was the leader in the Dow Jones Industrial Average on news of a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For May 7, 2013

Antonio Costa — Mon, 06 May 2013 21:42:00 +0000

( click to enlarge )

3D Systems Corporation (DDD) is a good momentum stock and looks great for a test of the highs. The chart is showing a strong bullish bias. OBV is increasing, indicating accumulation of shares in the market and MACD is indicating upward swing. I’m using today’s high of $43.72 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $45.63

( click to enlarge )

FormFactor, Inc. (NASDAQ:FORM) closed above its 200-day … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Steady Start To Week For Dow

NYFP — Mon, 06 May 2013 16:41:24 +0000

05/06/13 After a rousing end to last week, the trading session seemed a bit muted with the Dow little changed on a lack of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Acer Offers Options In Sweet Packages

NYFP — Mon, 06 May 2013 21:00:20 +0000

05/06/13 Acer unveiled Windows 8 notebooks with distinctive features in the form of the Aspire R7 and P3. Android-based Iconia A1 and B1 offer flexible price points and basic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Don’t Sell In May: Here Are Reasons To Extend Your Stay

Frank Holmes — Mon, 06 May 2013 18:41:00 +0000

During the first week of May every year, the maxim, “Sell in May and Go Away,” gets taken out, dusted off and powered up as a reason to sell stocks. The rhyme is more than just a catchy urban legend: June, July, August and September have historically been the weakest months of the year for the S&P 500 Index.
Yet even if seasons trigger certain events, when the snow falls in Minnesota in May, Midwesterners need to throw on their winter gear and roll out snowblowers, not … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Momentum Buying Is Feeding On Itself

NYFP — Mon, 06 May 2013 17:13:44 +0000

05/06/13 Rockwell Global Capital’s Peter Cardillo discusses global fundamentals and the latest equity market action. Expectations for this week’s key events are also … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Weekly TICK Volatility Hits 11 Year Low With Update For May

Corey Rosenbloom — Mon, 06 May 2013 16:49:41 +0000

A member asked me about the relatively low intraday TICK readings on Friday’s big breakout above 1,600 in the SP500 and 15,000 in the Dow Jones and wondered why the TICK did not spike well above 1,000 on the opening gap and intraday breakout higher.
For example, the NYSE Intraday TICK high on an ohtherwise bullish-dominant session was “only” 777.
Let’s address that reality with our current TICK Volatility Update chart for May. This time let’s start with the Weekly … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Weekly TICK Volatility Hits 11 Year Low With Update For May

Corey Rosenbloom — Mon, 06 May 2013 16:49:41 +0000

Oil Dips As Jobs Momentum Fades

NYFP — Mon, 06 May 2013 11:16:17 +0000

05/06/13 Crude oil took a dip Monday morning as momentum from Friday’s jobs data began to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Inches Higher Vs. Yen

NYFP — Mon, 06 May 2013 16:15:29 +0000

05/06/13 The dollar inched higher versus the yen on Monday, clinging to gains made late last week after the better-than-expected U.S. jobs data eased concerns about the outlook for the world’s largest … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Markets Mixed As Chinese Services Slump

NYFP — Mon, 06 May 2013 10:53:05 +0000

05/06/13 European stocks are basically flat and U.S. futures are were modestly higher as Chinese services saw their worst growth in two years. Also, Youtube looks to start charging and France’s Moscovici says austerity is … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

S&P 500 Futures At Record Levels!

OptionsXpress — Mon, 06 May 2013 15:17:56 +0000

Monday, May 6, 2013
Equity market bulls rejoiced after better than expected employment data gave traders the confidence to send the S&P 500 index to record levels on Friday. However, not all the economic data released on Friday was bullish. The Institute for Supply Managers Non-Manufacturing Index for April came in at 53.1, vs. expectations for a reading of 54.0. Though readings over 50 are considered expansionary, the pace of expansion slowed last month. Other ISM sub-indices also showed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Takes A Breather After Record High

NYFP — Mon, 06 May 2013 15:14:32 +0000

05/06/13 US equity averages traded mixed, after the Dow and S&P 500 hit record highs last week. Earnings reports and M&A news topped … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Earnings Reports In Focus Amid Light Global Calendar

NYFP — Mon, 06 May 2013 09:44:45 +0000

05/06/13 Tuesday brings a light US economic data calendar but is packed with earnings reports. The RBA rate decision will be closely … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

JP Morgan Seems To ‘Love That Dirty Money’

Larry Doyle — Mon, 06 May 2013 13:12:43 +0000

If those in my beloved hometown of Boston “love that dirty water”, then similarly current management at my last stop on the sell side of Wall Street, that being JP Morgan (NYSE:JPM), seem to ‘love that dirty money.‘
The filth and stench surrounding this story runs so high as to have recently influenced JPM’s bedmates — er, I mean regulators, — to pronounce that they do not trust JP Morgan (NYSE:JPM) management. Wow. That’s saying something.
We know that only 1 in 5 in America trust … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, May 7, 2013

ForexMansion.com — Mon, 06 May 2013 12:02:42 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, May 7, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
110.81
111.11
111.20

Bearish

BND – Vanguard Total Bond Market ETF
83.77
83.92
83.94

Bearish

DBC – DB Commodity Index Tracking Fd
26.45
26.29
26.21

Bullish

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, May 7, 2013

ForexMansion.com — Mon, 06 May 2013 12:02:42 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, May 7, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.69
8.57
8.53

Bullish

AXP – American Express Company
70.06
69.89
69.64

Bullish

BA – Boeing Co
94.19
93.21
92.80

Bullish

BAC – Bank of America Corporation
12.88
12.38
12.26

Bullish

CAT – Caterpillar Inc
87.59
86.03
85.71

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, May 7, 2013

ForexMansion.com — Mon, 06 May 2013 12:02:41 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, May 7, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1613.50
+ 0.31
1601.50
1598.83

Bullish

Dow Jones – Jun YMM3
14906
+ 0.05
14832
14826

Bullish

Nasdaq – Jun NQM3
2947.50
+ 0.43
2922.31
2903.42

Bullish

Russell – Jun TFM3
957.80
+ 0.70
945.36
943.37

Bullish

INTEREST RATES

US T-Bond – Jun ZBM3
146-16
− … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – May 6, 2013: With Caution, Japan’s Neighbors Welcome ‘Abenomics’

CentralBankNews — Mon, 06 May 2013 04:13:00 +0000

With caution, Japan’s neighbors welcome ‘Abenomics’ (Reuters)
Coeure: ECB ready to cut rates further if EMU weakens (MNI)
Ministry, BoT (Bank of Thailand) ink accord (Bangkok Post)
Economists left … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Foreign Trade’s Impact On GDP

Bob McTeer — Sun, 05 May 2013 19:51:40 +0000

The treatment of foreign trade statistics in the GDP estimates is tricky, confusing, and may contribute to an unwarranted aversion to imports. The reason is that we add categories of spending to get to GDP, but we subtract imports. For example, we add Consumption spending to Investment spending to Government spending to spending on Exports, but we subtract spending on Imports to get: GDP = C + I + G + X – M. It’s easy to make the leap from imports being subtracted to get to GDP to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Monetary Policy Week In Review – May 4, 2013: Europe, India Cut Rates, Fed Assures QE Depends On Economy

CentralBankNews — Sat, 04 May 2013 22:05:00 +0000

Last week 11 central banks took policy decisions with six banks keeping rates steady (Angola, Albania, the United States, the Czech Republic, Romania and Uganda), Bulgaria raising its rate and four banks cutting rates, most notably the European Central Bank (ECB) and the Reserve Bank of India (RBI) along with Denmark and Botswana.
Both the ECB and the RBI cut their key rates by 25 basis points, both rate cuts were widely expected and both central … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Banker Love Them A Little, Or Hate Them A Lot

readtheticker — Sat, 04 May 2013 08:38:27 +0000

The media recently have been bashing central banks, why not, a little ribbing keeps them honest (yeah right) !

First, this has to be a all time classic from Warren Buffet side kick, Charlie Munger

Second, Central bankers have robbed Peter the saver to Paul the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Globelynx Connects The Financial World

NYFP — Sat, 04 May 2013 01:40:28 +0000

Globelynx connects corporate clients and educational institutions directly to broadcast TV network. David Fitzgerald, CEO of Globelynx is interviewed by Chitra Nawbatt at the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Apps Gone Wild, RIP Hotmail

NYFP — Fri, 03 May 2013 22:29:24 +0000

05/04/13 Apps are everywhere! From services, data and games – apps brings convenience to your fingertips. Hotmail has gone the way of the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow Makes History, Touches Above 15,000

NYFP — Fri, 03 May 2013 20:44:08 +0000

05/03/13 Stocks surged to new all-time highs Friday, with the S&P 500 crossing above 1,600 and the Dow topping 15,000, as Wall Street applauded a better-than-expected April nonfarm payrolls … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Powerful Drug Will Keep Market Intact

NYFP — Fri, 03 May 2013 17:38:59 +0000

05/03/13 Rockwell Global Capital’s Peter Cardillo helps dissect the US jobs report and weighs in on this week’s central banks rate … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Week Ahead: Earnings, Data And G8 Meeting

NYFP — Fri, 03 May 2013 16:40:36 +0000

05/03/13 The US economic calendar is light but earnings reports continue in earnest. A handful of global data from China, the Euro zone and the UK are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Continues To Rise To Touch $95

NYFP — Fri, 03 May 2013 16:29:12 +0000

05/03/13 The price of crude oil continued to rise Friday, a day after posting its biggest jump this year, after the Labor Department’s non-farm payrolls data showed that the U.S. economy added 165,000 new jobs in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Rebounds On Jobs Report

NYFP — Fri, 03 May 2013 11:21:57 +0000

05/03/13 The U.S. dollar pared early losses after non-farm payrolls data showed that the U.S. economy added 165,000 new jobs in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Europe & Futures Up On Impressive U.S. Jobs Data

NYFP — Fri, 03 May 2013 11:20:33 +0000

05/03/13 European markets are mostly higher Friday morning and in the United States, the stock market was opening well in the green, thanks to a strong jobs … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow And S&P Hit Record Highs On Jobs Report Surprise

NYFP — Fri, 03 May 2013 15:00:14 +0000

05/03/13 Wall Street rallied on the better-than-expected US jobs report for April. The Dow topped 15,000 and the S&P 500 broke above … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Tech Revival? Watch AAPL

Cam Hui — Fri, 03 May 2013 14:55:00 +0000

There was some excitement this week about the relative breakout of the Technology sector against the market:

Given the dominant weight of Apple in the Technology sector, consider the relative performance of an equal weighted Tech index. the equal-weighted NASDAQ 100 (QQEW) against the SPX. While the XLK has rallied out of a relative downtrend against SPX, QQEW remains range-bound against the market. In other words, the average Tech stpcl has performed in line with the market in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Uganda Holds Rate, Sees Stable Inflation, Positive Economy

CentralBankNews — Fri, 03 May 2013 14:35:00 +0000

Uganda’s central bank held its Central Bank Rate (CBR) steady at 12.0 percent, saying a neutral monetary policy stance was warranted in light of an expected stabilization of core inflation around the central bank’s 5.0 percent target and underlying positive economic momentum.
The Bank of Uganda (BOU), which slashed its key rate to 12 percent from 23 percent in 2012, said real growth in Gross Domestic Product is projected at 5.3 percent for the financial year 2012/13, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Huge Decrease In US Mortgage Rates This Week

Katrina Gutierrez — Fri, 03 May 2013 14:06:41 +0000

According to Freddie Mac, this week all mortgage rates have decreased substantially, reaching two new record low rates, for both 5 and 15 year mortgages.

This week mortgage applications have increased 1.8% compared to last week. This is a much larger increase than the one we saw last week of 0.2% and which we can attribute in part to the simultaneous decrease of all mortgage rates.

30-year fixed-rate mortgages decreased to 3.35% this week compared to 3.4% last week. This is only 0.04% … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – May 3, 2013: Bank Of Canada’s Ploloz Is Outsider With Financial Savvy

CentralBankNews — Fri, 03 May 2013 14:05:00 +0000

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

NEWSMAKER: Bank of Canada’s Ploloz is outsider with financial savvy (Reuters)
G-7 governments not playing favorites as central banks revamped (Bloomberg)
ECB Nowotny: Negative depo rate not … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Will Natural Gas Price Rally Hurt Demand?

OptionsXpress — Fri, 03 May 2013 13:17:54 +0000

Friday, May 3, 2013
The front-month Natural Gas futures contract has run into some headwinds in its move to test chart resistance at the 4.500 price level. In addition to data suggesting that higher Gas prices may be causing power producers to switch to cheaper coal for running power generators, the weekly Energy Information Administration’s (EIA) Gas storage report released on Thursday showed that U.S. Gas Storage rose by a larger than expected 43 billion cubic feet [[bcf]], versus the 30 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gundlach Talks, Sense On Cents Listens

Larry Doyle — Fri, 03 May 2013 12:42:42 +0000

Regular readers know how highly I regard the prescient investment insights of Doubleline’s Jeffrey Gundlach.
A month ago, Investment News laid out 10 Spot On Predictions by Mr. Gundlach. His uncanny calls on specific market sectors and timing included:
Treasurys Will Rally, April 2011
Go long Japan, short the yen, December 2012
Natural gas is the new gold, April 2012
Bullish on equities, March 2009
Told people to get out of Apple’s stock
Warned investors on sub-prime market, April … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Monday, May 6, 2013

ForexMansion.com — Fri, 03 May 2013 10:33:30 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, May 6, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1608.50
+ 1.02
1591.81
1598.83

Bullish

Dow Jones – Jun YMM3
14898
+ 0.93
14759
14826

Bullish

Nasdaq – Jun NQM3
2935.00
+ 1.14
2897.28
2903.42

Bullish

Russell – Jun TFM3
951.70
+ 1.66
936.62
943.57

Bullish

INTEREST RATES

US T-Bond – Jun ZBM3
147-02
− … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Monday, May 6, 2013

ForexMansion.com — Fri, 03 May 2013 10:33:30 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Monday, May 6, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
110.99
111.29
111.20

Bearish

BND – Vanguard Total Bond Market ETF
83.78
84.05
83.94

Bearish

DBC – DB Commodity Index Tracking Fd
26.42
26.08
26.21

Bullish

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Monday, May 6, 2013

ForexMansion.com — Fri, 03 May 2013 10:33:30 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Monday, May 6, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.62
8.49
8.53

Bullish

AXP – American Express Company
70.23
69.30
69.64

Bullish

BA – Boeing Co
93.74
92.25
92.80

Bullish

BAC – Bank of America Corporation
12.24
12.20
12.26

Neutral

CAT – Caterpillar Inc
86.98
84.66
85.71

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gold To Rise As Crude Oil Declines If US Jobs Data Disappoints

DailyFX — Fri, 03 May 2013 09:44:00 +0000

Gold prices are likely to rise on Dollar weakness while crude oil falls amid global growth fears if April’s US jobs data falls short of economists’ expectations.
Talking Points

Crude Oil and Copper to Follow Stocks Lower if US Jobs Data Disappoints
Gold, Silver May Rise as US Dollar Falls on Expanded Fed QE Expectations

All eyes are on the US Employment reportinto the end of the trading week. Expectations call for the economy to add 140,000 jobs in April, marking an improvement from the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Technical Analysis As Behavioral Finance

Cam Hui — Fri, 03 May 2013 07:18:00 +0000

A couple of items came across my desk that, in combination, made me think about how we think about finance today. The first was Mark Buchanan’s review of Gary Gorton’s book Misunderstanding Financial Crises where the author took down the blindness of economists and, by extension, the theory of rational expectations [emphasis added]:
I think it’s the most convincing book I’ve read so far that links the mechanisms of the recent crisis to crises in the past. In effect, he argues that the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

India Cuts Rate 25 Bps, Says Little Room For Further Easing

CentralBankNews — Fri, 03 May 2013 06:27:00 +0000

India’s central bank cut its policy rate by 25 basis points to 7.25 percent, as expected by most economists, but added there were significant upside risks to inflation so there is little room for further easing of its monetary stance.
In its policy statement for the financial year 2013/14, which began on April 1, the Reserve Bank of India (RBI) cautioned that recent rate cuts cannot by itself revive economic growth and its moves to stimulate growth need to be … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ING US Shares Settle Higher In NYSE Debut

NYFP — Fri, 03 May 2013 00:02:13 +0000

05/02/13 ING US shares closed higher by nearly 7%, after its market debut at the NYSE. The company began trading under ticker symbol … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow Sees Triple-digit Surge On ECB

NYFP — Thu, 02 May 2013 22:11:30 +0000

05/02/13 Stocks jumped near session highs Thursday on a better-than-expected jobless claims report and after the European Central Bank cut its key interest … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For May 3, 2013

Antonio Costa — Thu, 02 May 2013 21:19:00 +0000

( click to enlarge )

Shares of J.C. Penney Company, Inc. (NYSE:JCP) closed up 3.7% from Wednesday’s close to $16.80. The stock bounced off of its 50-day simple moving average, which is currently at $16.27, in today’s session. Watch for a good follow through day and a break above the 17 level to go long.

( click to enlarge )

Bazaarvoice Inc (BV) regained the 50-day EMA for the first time in over two months. Could be a high flyer on breakout, look for break above 7.32 tomorrow to enter longs. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Euro Dips On ECB Rate Cut

NYFP — Thu, 02 May 2013 19:16:57 +0000

05/02/13 The euro fell Thursday after the European Central Bank cut its key interest rate by 25 basis points to 0.50%, on the back of weak economic data in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stimulus Outweighing The Macro Data

NYFP — Thu, 02 May 2013 17:18:18 +0000

05/02/13 Knight Capital Americas’ Mark Otto weighs in on global central bank rate decision and mixed economic data. The equity market outlook and jobs report expectations are also … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Upbeat Morning, VIX Below 14 Midday

OptionsXpress — Thu, 02 May 2013 17:18:14 +0000

Cusick’s Corner 05-02-2013 Midday
Stock market averages are holding gains on a busy morning of economic and earnings news Thursday. Data released early showed jobless claims at 324,000 last week, down from 342,000 and much better than the 346,000 that was expected. The report held some sway because it comes ahead of key monthly jobs numbers tomorrow. Separately, fourth quarter Productivity was up .7 percent, from -1.7 percent and below expectations of 1.2 percent. However, the Trade Balance … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Rebounds Above $91

NYFP — Thu, 02 May 2013 16:59:15 +0000

05/02/13 The price of oil made gains above $91 per barrel Thursday, rebounding from a steep drop, as the European Central Bank cut its key interest rate to a new … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Markets Mixed As ECB Interest Rates

NYFP — Thu, 02 May 2013 11:46:11 +0000

05/02/13 Markets in Asia were mixed in overnight, European markets are mixed as the European Central Bank elected to cut interest rates today for the first time since July … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Czech Central Bank Trims Growth Forecast, Raises Inflation

CentralBankNews — Thu, 02 May 2013 16:26:00 +0000

The Czech National Bank (CBN), which earlier today left its policy rate unchanged at 0.05 percent, said interest rates will remain at the current level of technically zero “over a longer horizon until inflation pressures increase significantly,” repeating its forecast from March.
The Czech Republic’s central bank also repeated that it was “ready to use foreign exchange interventions if further monetary policy easing becomes necessary.”
In its new … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Cuts Rate, Offers Banks Cash, Explores Loans To Firms

CentralBankNews — Thu, 02 May 2013 15:53:00 +0000

The European Central Bank (ECB), which earlier today cut its main policy rate by 25 basis points to 0.50 percent, will continue to provide banks with all the money they need “for as long as necessary,” and wants to channel money to smaller businesses by creating a new market for asset-backed securities.
The ECB, which was widely expected to cut its main refinancing rate due to a deepening recession, declining inflation and rising unemployment, said it still … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Jobs Report Takes Center Stage On Friday

NYFP — Thu, 02 May 2013 15:36:25 +0000

05/02/13 The April US employment report takes center stage on Friday. Global PMI services figures will also be scrutinized at the end of the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Late Corn Plantings Could Boost Bean Crop Size

OptionsXpress — Thu, 02 May 2013 15:17:51 +0000

Thursday, May 2, 2013
Soybean futures have been under pressure in recent weeks, despite the prospect of late plantings. The delay in plantings could actually result in higher Soybean plantings from farmers that missed the window in Corn. Some traders are also concerned about slowing growth in China, which may result in decade low demand, as well as record South American exports. Central bank activity should be supportive for commodities as a whole. The Fed indicated that it would continue … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Treks Higher As Jobless Claims Decline

NYFP — Thu, 02 May 2013 15:02:10 +0000

05/02/13 US equities advanced as weekly jobless claims fell more-than-expected. Earnings from GM, Fcaebook and Yelp added to the positive … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Look For Bullish Reversal In Uranium Miners As Electricity And Air Pollution Rates Soar

Jeb Handwerger — Thu, 02 May 2013 14:52:20 +0000

Cameco (NYSE:CCJ), one of the world’s largest uranium producers came out with earnings below analysts estimates as the price of uranium continues to base at the $40 mark. Look for a possible bullish reversal despite the negative news. Remember earnings reports are lagging indicators and do not show the potential growth in the uranium sector.
The uranium price is down 40% percent since the Fukushima disaster in March of 2011 as Japan and Germany made a political, knee-jerk reaction to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Romania Holds Rate, Narrows Standing Facility Corridor

CentralBankNews — Thu, 02 May 2013 14:21:00 +0000

Romania’s central bank kept its policy rate steady at 5.25 percent and will continue to provide adequate liquidity to banks but narrowed the symmetrical corridor around its standing facilities by 100 basis points to plus/minus 3 percentage points to “moderate interest rate volatility on the money and banking markets.”
The National Bank of Romania (NBR), which has held its key rate steady since a 25 basis point cut in March 2012, said the interest rate on its Lombard … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Ben Bernanke Pulls A Yogi Berra

Larry Doyle — Thu, 02 May 2013 13:04:47 +0000

When you come to a fork in the road, take it.
In the early years of the last decade, I had the pleasant experience of attending a dinner for a major client at which we had Yogi Berra as a guest speaker. As a lifelong baseball fan — and how ’bout those Red Sox — I looked forward to hearing Yogi regale us with legendary tales about the great Yankee teams.
He started his delivery by unequivocally stating, “I am not good at giving talks, so just go ahead and ask me some questions.” … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – May 2, 2013: India Central Bank Sees Limited Space To Cut Rates

CentralBankNews — Thu, 02 May 2013 12:57:00 +0000

India central bank sees limited space to cut rates (WSJ)
BOJ says monetary base soars to record on new QE scheme (Reuters)
Bank of Canada’s Carney says growth looking better than expected … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Cuts Rate By 25 Bps To 0.50%

CentralBankNews — Thu, 02 May 2013 11:56:00 +0000

The European Central Bank (ECB) cut the rate on its benchmark refinancing facility by 25 basis points to 0.50 percent, as widely expected, along with a 50 basis point cut on the rate on its marginal lending facility to 1.0 percent. The rate on its deposit facility will remain steady at 0.0 percent, the ECB said in a brief statement.
ECB President Mario Draghi will comment on the decision by the ECB council at a press conference later today.
Speculation … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

May Has Not Been Pretty Since 2010

readtheticker — Thu, 02 May 2013 11:42:19 +0000

May has been a tough month for the bulls.

Sell in may has worked in the past. The recent poor Chicago PMI print could be the start of a slump. tic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Czech Central Bank Holds Rate Steady At 0.05%

CentralBankNews — Thu, 02 May 2013 11:17:00 +0000

The Czech Republic’s central bank left its benchmark two-week repo rate steady at 0.05 percent, as expected by financial markets, and will comment on its decision later.
At its previous meeting in March, the Czech National Bank (CNB) said rates would remain at their current level over a longer horizon until inflation pressures increase significantly.
Inflation in the Czech Republic was steady at 1.7 percent in March from February, below the central … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Friday, May 3, 2013

ForexMansion.com — Thu, 02 May 2013 11:03:24 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, May 3, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
111.40
111.47
111.41

Bearish

BND – Vanguard Total Bond Market ETF
84.18
84.16
84.09

Bullish

DBC – DB Commodity Index Tracking Fd
26.13
26.05
26.01

Bullish

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Friday, May 3, 2013

ForexMansion.com — Thu, 02 May 2013 11:03:23 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, May 3, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.46
8.44
8.25

Bullish

AXP – American Express Company
69.38
68.56
67.68

Bullish

BA – Boeing Co
92.21
91.57
90.89

Bullish

BAC – Bank of America Corporation
12.19
12.21
12.18

Neutral

CAT – Caterpillar Inc
84.26
83.94
83.08

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Friday, May 3, 2013

ForexMansion.com — Thu, 02 May 2013 11:03:23 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, May 3, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1592.25
+ 0.95
1586.86
1569.17

Bullish

Dow Jones – Jun YMM3
14760
+ 0.85
14719
14585

Bullish

Nasdaq – Jun NQM3
2902.00
+ 1.34
2878.89
2818.58

Bullish

Russell – Jun TFM3
936.20
+ 1.65
934.73
923.37

Bullish

INTEREST RATES

US T-Bond – Jun ZBM3
149-06
+ … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil, Gold Vulnerable To Disappointing ECB Rate Decision

DailyFX — Thu, 02 May 2013 06:40:00 +0000

Crude oil and gold prices may decline if a half-hearted stimulus effort from the ECB fails to boost risk appetite and reignite anti-fiat demand.
Talking Points

Crude Oil, Copper May Fall if ECB Rate Decision Fails to Boost Risk Trends
Gold and Silver at Risk if ECB Opts Against Non-Standard Stimulus Measures

Commodity prices are treading water in overnight trade as all eyes turn to the European Central Bank monetary policy announcementamid widespread speculation about a 25bps interest rate … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sidecar Brings Ridesharing To Your Smartphone

NYFP — Thu, 02 May 2013 01:26:27 +0000

05/01/2013 Sidecar CEO and co-founder, Sunil Paul, explains how the ridesharing app works. Paul addresses the controversial regulatory challenges that the cab alternative is … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Latest Data Weak, FOMC Stays On Current Policy Course After Hours

OptionsXpress — Wed, 01 May 2013 22:18:02 +0000

Cusick’s Corner 05-01-2013 After Hours
Stock market averages fell on disappointing economic data Wednesday. ADP reported this morning that the US economy added 119,000 private sector jobs last month, which was well below expectations of 155,000. Separately, the latest ISM Index of manufacturing activity eased to 50.7 for April, from 51.3 in March and a bit below the 51.0 that was expected. Lastly, Construction Spending was down 1.7 percent for March, much worse than the .5 percent increase that … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Falls To 2-month Low

NYFP — Wed, 01 May 2013 17:01:20 +0000

05/01/13 The U.S. dollar slipped to a 2-month low against a series of currencies after a weaker-than-expected private-sector jobs growth … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow Dives On Weak Economic Reports

NYFP — Wed, 01 May 2013 21:37:09 +0000

05/01/13 US stocks slumped near session lows late Wednesday following a series of weaker-than-expected economic reports that overshadowed the Federal Reserve’s plan to maintain its stimulus … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For May 2, 2013

Antonio Costa — Wed, 01 May 2013 21:28:00 +0000

( click to enlarge )

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) Good looking setup, however investors should be cautious at current levels. Initiate long position when the stock breaches 25.35 with a stop at 23.85

( click to enlarge )

Zillow Inc (Z) broke out in a big way today on great volume. I think we will see some nice follow through on Thursday.

( click to enlarge )

LinkedIn Corp (LNKD) Strong on weak tape. Nice breakout on increase volume. To add on any dip.

( click to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

A Case For Owning Commodities When No One Else Is

Frank Holmes — Wed, 01 May 2013 20:00:00 +0000

Sometimes following where money is being invested is a solid course of action to gain alpha; other times, a better opportunity lies in going the opposite direction, i.e., thinking contrarian.
Take commodities, energy and materials, which may be the most unappreciated areas of the market these days. According to Bank of America Merrill Lynch’s Global Fund Manager Survey of 250 participants who collectively manage $725 billion, energy, materials and commodities are extremely underowned.
As you … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

NW Biotherapeutic Challenges Cancer With DC-Vax

NYFP — Wed, 01 May 2013 19:53:15 +0000

05/01/13 Northwest Biotherapeutic’s CEO, Linda Powers, discusses the company’s DCVax® technology and weighs in on regulatory challenges in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Chipotle Goes Top Shelf With Patron

NYFP — Wed, 01 May 2013 19:46:05 +0000

05/01/13 Chipotle Mexican Grill is serving up margaritas made with fresh ingredients at its restaurants. Diners can choose Patrón Silver or Sauza … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Federal Reserve Maintains QE, May Raise Or Cut Amount

CentralBankNews — Wed, 01 May 2013 18:27:00 +0000

The Federal Reserve, the U.S. central bank, maintained its goal of buying long-term Treasury bonds and housing-related debt worth $85 billion a month along with its target for the federal funds rate at 0-0.25 percent, as expected, saying it “continues to see downside risks to the economic outlook.”
While the Federal Reserve’s policy-making body, the Federal Open Market Committee (FOMC) largely repeated its statement from March, it added today that it may either … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Investors Wait For Comments From The Fed Midday

OptionsXpress — Wed, 01 May 2013 17:17:58 +0000

Cusick’s Corner 05-01-2013 Midday
Stock market averages fell on disappointing economic data Wednesday. ADP reported this morning that the US economy added 119,000 private sector jobs last month, which was well below expectations of 155,000. Separately, the latest ISM Index of manufacturing activity eased to 50.7 for April, from 51.3 in March and a bit below the 51.3 that was expected. Lastly, Construction Spending was down 1.7 percent for March, much worse than the .5 percent increase that was … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sell In May And Go Away?

NYFP — Wed, 01 May 2013 17:16:57 +0000

05/01/13 DME Securities’ Alan Valdes talks global central bank stimulus measures, earnings reports and broader fundamentals affecting the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

A Quick Pre-Fed Check On SP500 Market Internals

Corey Rosenbloom — Wed, 01 May 2013 17:09:16 +0000

The main chart-based theme is that the SP500 is trading into the “Will it or Won’t it Break” key level of 1,600, so let’s take a quick peek at Breadth Market Internals to get clues beyond what price is telling us.
First, the broader 30-min intraday picture:

I’ve highlighted three prior days where Market Internals (Breadth and Volume Difference of Breadth) clearly diverged with price. You can see the outcome in each of these three recent events.
Typically, strength (or … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Plunges As Chinese Manufacturing Slows

NYFP — Wed, 01 May 2013 11:35:44 +0000

05/01/13 Front month crude prices were down more than 2.5% Wednesday morning following the release of Chinese manufacturing data that showed a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Corn Price Volatile As Late Plantings Trigger Rally

OptionsXpress — Wed, 01 May 2013 16:18:28 +0000

Wednesday, May 1, 2013
Commodity funds and small speculators appear to have turned bearish on Corn futures, as the outlook for a potential record harvest seemed to portend lower prices this fall. However, experienced grain traders will note that weather related rallies are not uncommon every season, and this year’s slow start to Corn plantings is amplified from tighter old-crop inventories after last season’s drought. Monday’s limit move in old-crop months may have been tied to short-covering … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

All Eyes On ECB Rate Decision

NYFP — Wed, 01 May 2013 10:25:54 +0000

05/01/13 Central bank rate announcements from the ECB and BOE are awaited. Key data and earnings are scheduled for release on … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Slip After Weak Data, Earnings

NYFP — Wed, 01 May 2013 14:59:07 +0000

05/01/13 US equities dipped lower on weaker-than-expected ADP employment report and ISM manufacturing … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Chase Credit Cards Now Come With Better Customer Satisfaction

Ivan Daniel — Wed, 01 May 2013 13:48:54 +0000

This year JPMorgan Chase (NYSE:JPM) has its customer satisfaction rating increased to 4th place up from being 11th place in 2012, as observed in a survey conducted among 23 major banks by JD Power.

This improvement in Chase’s customer satisfaction means that the bank is improving its customer service and resolving problems at a much faster speed than they used to, thus giving their customers a better experience.

According to this survey, Chase has increased its rating by 35 points in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Apr 30, 2013: No End In Sight For Fed Stimulus As Inflation Sags

CentralBankNews — Wed, 01 May 2013 13:19:00 +0000

No end in sight for Fed stimulus as inflation sags (Reuters)
Fed seen slowing stimulus with QE cut by end of this year (Bloomberg)
Eurozone rate cut anticipated ahead of ECB meet (AFP)
Analysis: … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sachs Unloads Again On Wall St-Washington Incest

Larry Doyle — Wed, 01 May 2013 12:35:43 +0000

A few days ago Columbia University’s Jeff Sachs delivered a diatribe on the crony corruption pervasive in the Wall Street – Washington dynamic to a cadre of elites in attendance at a Philadelphia Federal Reserve symposium.
Well, yesterday Sachs took his message to the masses in the midst of an exchange on MSNBC’s Morning Joe.
Selected other liberal contributors to this exchange seemed to me to be almost embarrassed by the beating Sachs put on the “bought and paid for” crowd atop … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Thursday, May 2, 2013

ForexMansion.com — Wed, 01 May 2013 11:03:01 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, May 2, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.43
8.41
8.25

Bullish

AXP – American Express Company
68.28
68.14
67.68

Bullish

BA – Boeing Co
91.18
91.49
90.89

Neutral

BAC – Bank of America Corporation
12.14
12.29
12.18

Bearish

CAT – Caterpillar Inc
83.08
84.21
83.08

Bearish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Thursday, May 2, 2013

ForexMansion.com — Wed, 01 May 2013 11:03:01 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, May 2, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1577.25
− 0.94
1585.64
1569.17

Neutral

Dow Jones – Jun YMM3
14636
− 0.93
14717
14585

Neutral

Nasdaq – Jun NQM3
2863.50
− 0.57
2865.36
2818.58

Neutral

Russell – Jun TFM3
922.40
− 2.40
936.53
923.37

Bearish

INTEREST RATES

US T-Bond – Jun ZBM3
149-04
+ … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Thursday, May 2, 2013

ForexMansion.com — Wed, 01 May 2013 11:03:01 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, May 2, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
111.39
111.51
111.41

Bearish

BND – Vanguard Total Bond Market ETF
84.16
84.17
84.09

Neutral

DBC – DB Commodity Index Tracking Fd
25.80
26.17
26.01

Bearish

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gold And Crude Oil May Rise On FOMC, ISM Data

DailyFX — Wed, 01 May 2013 10:43:00 +0000

Crude oil and gold prices may rise as a soft ISM report and a dovish FOMC outing suggest the Federal Reserve will push ahead with aggressive stimulus efforts.
Talking Points

Crude Oil, Copper May Rise as ISM, FOMC Cement Stimulus Outlook
Gold and Silver to Advance as Dovish Fed Bets Drive Anti-Fiat Demand

Commodity prices are under pressure in European trade but the move seems to lack clear-cut conviction, appearing to be a by-product of protective profit-taking ahead of big-ticket event risk … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Negative Divergences

Cam Hui — Wed, 01 May 2013 07:50:00 +0000

Further to my last post (see Sell in May?) I am seeing more negative divergences that create more concerns for the bull case. The recent rally, which has been led by the golds and deep cyclicals, have all the appearances of a dead cat bounce rather than the start of a sustainable advance.

Last week, I suggested that traders should watch the silver/gold ratio for signs of a sustainable rally (see Watch silver for the bottom in gold). The idea was that silver, being the more volatile poor man’s … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Botswana Cuts Rate 50 Bps, Inflation Outlook Positive

CentralBankNews — Wed, 01 May 2013 02:20:00 +0000

Botswana’s central bank cut its Bank Rate by 50 basis points to 9.0 percent, its first rate cut since December 2010, to reignite economic growth while the medium-term inflation outlook is positive.
The Bank of Botswana (BoB) said economic growth is below potential and unemployment is high and forecasts suggest that a more accommodative policy stance would be consistent with the achievement of the bank’s 3-6 percent medium-term inflation objective.
In … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For May 1, 2013

Antonio Costa — Tue, 30 Apr 2013 22:31:00 +0000

( click to enlarge )

Groupon Inc (GRPN) is correcting after a run from 5.47 to 6.66. The stock could slide till the 5.89-6 area. The technical indicators on chart are suggesting more downside but have not turned bearish yet. The MACD is positive but has started falling below its signal line. The RSI has just slipped below its 50% level and the slow stochastic is now falling below its 50% level. Keep a stop at 5.82

( click to enlarge )

Advanced Micro Devices, Inc. (NYSE:AMD) Strong rally on … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Five Months Of Gains As Dow Ends April Strong

NYFP — Tue, 30 Apr 2013 16:52:21 +0000

04/30/13 Stocks erased early losses on the final day of the month, despite some weak earnings and mixed economic data with the Dow set to close higher for the fifth-straight … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Equities Close Modestly Higher After Hours

OptionsXpress — Tue, 30 Apr 2013 21:17:53 +0000

Cusicl’s Corner 04-30-3013 After Hours
It’s been a relatively quiet day across global financial markets Tuesday. The economy was in focus early after Chicago PMI, a gauge of regional manufacturing activity, fell to 49.0 in April, from 59.7 and below expectations of 52.0. Stock market averages slipped on the number, but then ticked higher after the latest Consumer Confidence report from the Conference Board surprised. The index improved to 68.1 for April, from 59.7 and much better than the 61.0 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

College Loans And Student Debt 101

NYFP — Tue, 30 Apr 2013 20:05:27 +0000

04/30/2013 InnerHarbor Advisors’ Michael J. Keating, CFP, discusses the rising cost of a college education and the alarming increase in student loan debt in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Equities Are The Choice For Most People

NYFP — Tue, 30 Apr 2013 17:28:34 +0000

04/30/13 Mogavero, Lee & Company’s Doreen Mogavero talks equities, earnings and central banks. Fundamentals and technicals are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Action Mixed Following Latest Round Of Economic News Midday

OptionsXpress — Tue, 30 Apr 2013 17:18:07 +0000

Cusick’s Corner Midday 04-30-2013
Market action is mixed following the latest round of economic news. A report released early Tuesday on home prices, courtesy Case-Shiller, showed an increase of 9.3 percent for February. Later, the Chicago PMI, a gauge of regional manufacturing activity, fell to 49.0 in April, from 59.7 and below expectations of 52.0. However, the latest Consumer Confidence report from the Conference Board surprised. The index improved to 68.1 for April, from 59.7 and much … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

This Chart Answers A Classic Question About Gold

Frank Holmes — Tue, 30 Apr 2013 16:30:00 +0000

Since gold’s bull run began a decade ago, many people have asked me whether the metal was in a bubble, despite the fact that there were many drivers in place for gold.
Here’s another comparison that answers this classic question.
Research firm Commerzbank’s strategists recently compared the price of gold starting in 2002 to the price of Brent crude oil starting in 1998 and the NASDAQ Composite from 1990. Immediately following each index’s record highs, oil and tech stocks declined … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Stocks Dip On Record Unemployment In EU

NYFP — Tue, 30 Apr 2013 11:24:33 +0000

04/30/13 Global stocks mostly lower as euro zone unemployment hits all-time high. Meanwhile, in the U.S., Chicago PMI touches 3.5-year low while consumer confidence … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Euro Reverses Early Slide On U.S. Data

NYFP — Tue, 30 Apr 2013 16:22:22 +0000

04/30/13 The euro initially fell Tuesday after weak economic data gave further weight to expectations of an interest rate cut by the ECB. However, that was soon reversed after Chicago PMI hit a three-and-a-half year low of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Dips Below $94

NYFP — Tue, 30 Apr 2013 11:20:52 +0000

04/30/13 Crude oil prices took a dip below $94 a barrel Tuesday morning following a slide in Chicago PMI data and a weaker … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

FOMC Decision, ADP Report On Midweek Calendar

NYFP — Tue, 30 Apr 2013 10:44:45 +0000

04/30/13 A slew of US data and earnings will be released on Wednesday. Many global markets will be closed for May … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The ‘Sell In May…’ Truth No One Is Telling You

Joseph Meth — Tue, 30 Apr 2013 15:18:27 +0000

Check out my latest article “The ‘Sell In May…’ Truth No One Is Telling You” in SeekingAlpha.com. In it I explained the following chart: … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

WTI Playing Catch Up

OptionsXpress — Tue, 30 Apr 2013 15:17:59 +0000

Tuesday, April 30, 2013
Crude Oil prices have benefited from a more optimistic outlook on the US and Eurozone economies from traders. After rising sharply in recent sessions, some traders may be a bit more guarded ahead of this afternoon’s API and tomorrow’s EIA data. Both reports are expected to show an increase in Crude Oil stockpiles in the US. The large inventory levels in the US have been the principle reason for the disconnect between WTI and other varieties of Crude Oil. Some traders are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Thailand To Take Action To Curb Rising Baht

CentralBankNews — Tue, 30 Apr 2013 15:06:00 +0000

Thailand’s central bank is worried over the rapid rise in the value of its bath currency and will take action – as yet unspecified – together with the Thai finance ministry when needed.
The Bank of Thailand (BOT) said the rise in the baht was “largely attributable to foreign investors’ confidence in the strength of the Thai economy” and this had spurred businesses into raising their productivity, the BOT said in a statement following a regular macroeconomic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Digests Data And Earnings

NYFP — Tue, 30 Apr 2013 15:00:17 +0000

04/30/13 US equities came of Monday’s highs following mixed economic data and weak earnings reports. Consumer confidence exceeded estimates while Chicago PMI missed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Apr 30, 2013: UTCC Expects Bank Of Thailand Policy Rate Cut

CentralBankNews — Tue, 30 Apr 2013 12:53:00 +0000

UTCC expects (Bank of Thailand) policy rate cut (Bangkok Post)
Euro-area 1.2% inflation adds pressure for ECB rate cut (Bloomberg)
Swiss central bank post $11.95 billion 1Q profit (AP)
BOK (Korea) … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Book Reviews: Bailout, Confidence Men

Larry Doyle — Tue, 30 Apr 2013 12:23:27 +0000

If the American public is concerned about the dysfunction within Washington D.C., after reading two inside editions on the games being played within our nation’s capital, the public should be even more concerned than ever.
I recently completed two enlightening books, Confidence Men by Ron Suskind and Bailout by Neil Barofsky. I recommend both to those who want to gain a real understanding of how our nation’s capital does NOT work, that is, does NOT work for us.
I was glad … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Why Platinum And Palladium Should Continue To Outperform

Jeb Handwerger — Tue, 30 Apr 2013 12:16:10 +0000

There are real supply concerns for Platinum Group Metals (PGM’s) as laborers continue to protest for higher pay in South Africa. Laborers may demand a large pay increase while the South African producers are unable to stay profitable. There is increasing speculation that PGM’s could soar higher.
Investors could use this pullback in the metals to add to platinum and palladium at the price levels it was before the violent labor protests which killed over 44 miners. South … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil, Gold Prices Look To US Data For Guidance

DailyFX — Tue, 30 Apr 2013 11:13:00 +0000

Crude oil and gold prices are looking for April’s US Consumer Confidence report to shape risk sentiment and offer direction cues.
Talking Points

Crude Oil, Copper at Risk if US Data Sparks Renewed Risk Aversion
Gold and Silver Outlook Clouded on Sentiment Trends, Fed Outlook

Commodity prices are treading water in European trade as the spotlight turns to US Consumer Confidence figures.Expectations call for a narrow increase to 61.0 in April compared with 59.7 in the prior month. US economic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, May 1, 2013

ForexMansion.com — Tue, 30 Apr 2013 11:03:36 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, May 1, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.50
8.37
8.25

Bullish

AXP – American Express Company
68.41
67.96
67.68

Bullish

BA – Boeing Co
91.41
91.96
90.89

Neutral

BAC – Bank of America Corporation
12.31
12.37
12.18

Neutral

CAT – Caterpillar Inc
84.67
84.64
83.08

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, May 1, 2013

ForexMansion.com — Tue, 30 Apr 2013 11:03:36 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, May 1, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
111.54
111.52
111.41

Bullish

BND – Vanguard Total Bond Market ETF
84.18
84.16
84.09

Bullish

DBC – DB Commodity Index Tracking Fd
26.27
26.28
26.01

Neutral

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, May 1, 2013

ForexMansion.com — Tue, 30 Apr 2013 11:03:35 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, May 1, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1592.25
+ 0.25
1583.72
1569.17

Bullish

Dow Jones – Jun YMM3
14773
+ 0.17
14703
14585

Bullish

Nasdaq – Jun NQM3
2880.00
+ 0.74
2852.56
2818.58

Bullish

Russell – Jun TFM3
945.10
+ 0.61
937.69
923.37

Bullish

INTEREST RATES

US T-Bond – Jun ZBM3
148-12
− … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Google Now Hitches Ride To Apple-land

NYFP — Mon, 29 Apr 2013 21:51:46 +0000

04/29/13 Google Now is available as an app on the iPhone and iPad. The iOS brings predictive search and voice recognition to Apple … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks To Watch For April 30, 2013

Antonio Costa — Mon, 29 Apr 2013 21:27:00 +0000

( click to enlarge )

Research In Motion Ltd (BBRY) had a nice breakout from the symmetrical triangle on solid volume. Upcoming resistance is at 16.01 and 16.82 which are the previous highs. Looking at the technical chart we can see a couple of bullish signals confirming the “breakout” and we can expect the price to move higher from this point.

( click to enlarge )

Intel Corporation (NASDAQ:INTC) needs to take out 23.87 in order to convince bullish buyers at these levels.

( click to enlarge … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: S&P 500 Hits Record Close After Hours

OptionsXpress — Mon, 29 Apr 2013 21:17:52 +0000

Cusick’s Corner 04-29-2013 After Hours
Market averages moved solidly higher through midday and most of the gains held into the closing bell. Economic data seemed to help after a report released Monday showed Pending Home Sales up 1.5 percent in March, which was significantly better than the .1 percent that was expected. Separately, Personal Incomes and Personal Spending were both up .2 percent in March. Economists were expecting a .1 percent increase in spending and a .3 percent uptick in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

S&P 500 Settles At Record High

NYFP — Mon, 29 Apr 2013 20:55:11 +0000

04/29/13 US stocks rallied with the major equity averages on track for a monthly gains. Central bank stimulus expectations and the end of the Italian political stalemate helped raise risk … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Angola Holds Key Rate Steady, Cuts Liquidity Rate 25 Bps

CentralBankNews — Mon, 29 Apr 2013 19:19:00 +0000

Angola’s central bank kept its main policy rate, the BNA rate, steady at 10 percent but cut the rate on its standing liquidity absorption facility to 1.0 percent from 1.25 percent.
The National Bank of Angola (BNA), which last cut its BNA rate by 25 basis points in January after a similar cut in 2012, did not give a reason for cutting the standing liquidity rate.
Angola’s inflation rate rose slightly to 9.11 percent in March from 9.04 percent in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil Soars On Central Bank Bets

NYFP — Mon, 29 Apr 2013 19:02:07 +0000

04/29/13 Crude oil futures gained over 1.5% on expectations of central bank stimulus. Accommodation from global central banks lifted prospects for growth and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Equities Hover Near Highs At Midday

OptionsXpress — Mon, 29 Apr 2013 18:18:06 +0000

Cusick’s Corner Midday 04-29-2013
Market averages are holding gains with help from economic news Monday. A report released a bit earlier showed Pending Home Sales up 1.5 percent in March, which was significantly better than the .1 percent that was expected. Separately, Personal Incomes and Personal Spending were both up .2 percent in March. Economists were expecting a .1 percent increase in spending and a .3 percent uptick in incomes. Elsewhere, many of Asia’s markets were closed, but European … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Structural Comparison Of Current Bull Market To 2007 Rally

Corey Rosenbloom — Mon, 29 Apr 2013 17:34:31 +0000

I wanted to highlight an interesting pattern that emerged from a quick comparison of the 2003 – 2007 Bull Market to the present Bull Market beginning in 2009 (and extending indefinitely at the moment).
Let’s see what possible price pathway may be in store if history is a guide, while being impressed at the similarities between the two structural bull markets.
First, the broader Monthly Chart comparison of both bull markets:

I color-coded key monthly swings for comparison purposes.
Note how … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Italy’s New Government Bring Hope To Markets

NYFP — Mon, 29 Apr 2013 17:13:52 +0000

04/29/13 Rockwell Global Capital’s Peter Cardillo discusses the end of the Italian political deadlock and the formation of the new government. Economic data and central bank rate expectations are also weighed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Extends Gains, S&P Edges Closer To Record High

NYFP — Mon, 29 Apr 2013 16:00:55 +0000

04/29/13 US stocks trekked higher as a busy week got under way. US data and earnings were digested amid optimism over Italy’s new … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Packed Calendar As May Beckons

NYFP — Mon, 29 Apr 2013 15:10:21 +0000

04/29/13 Tuesday’s global calendar is packed with economic data and earnings reports. The two-day FOMC meeting begins, with Wednesday afternoon bringing the Fed rate … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Broadly Lower, Euro Gains On Italian Government

NYFP — Mon, 29 Apr 2013 15:08:34 +0000

04/29/13 The USD traded lower against the EUR, GBP, JPY. The EUR gained as Italy formed a new government and optimism ahead of the ECB rate … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil And Gold Recover On Fed, ECB Stimulus Hopes

DailyFX — Mon, 29 Apr 2013 13:56:00 +0000

Crude oil and gold prices are on the upswing to start the trading week as optimism about policy support from the Fed and the ECB boosts risk appetite.
Talking Points

Crude Oil, Copper Prices Rise as Risk Appetite Firms on Stimulus Hopes
Gold and Silver Capitalize as US Dollar Comes Under Heavy Pressure

Commodity prices are on the upswing to start the trading week as risk appetite firms across the financial markets. The newswires are chalking up the chipper mood to rising monetary stimulus … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sugar Prices Slump On Large Global Surplus

OptionsXpress — Mon, 29 Apr 2013 13:18:04 +0000

Monday, April 29, 2013
The world Raw Sugar market is not alone in the clutches of commodity bears. Domestic U.S. Sugar prices have fallen to lows not seen since 2009, as the U.S. is expected to produce a surplus of Sugar this season. U.S. Sugar production is expected to increase by nearly 6% this year, and supplies from Mexico, which are allowed into the U.S. without tariffs due to the North American Free Trade Agreement (NAFTA), are expected to increase by over 50%. The 2008 Farm Bill set a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Apr 29, 2013: Asian Officials Must Respond Early To Overheating Risk, IMF Says

CentralBankNews — Mon, 29 Apr 2013 12:49:00 +0000

Asian officials must respond early to overheating risk, IMF says (Bloomberg)
Lower rate won’t stem capital flow: BOT (Thailand) (The Nation)
Ebbing inflation means more easy money (Bloomberg)
Still … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Jeff Sachs UNLOADS On Wall St., D.C, & Obama

Larry Doyle — Mon, 29 Apr 2013 12:13:12 +0000

If anybody were to think that the fight for decency and justice in our markets, our nation’s capital, and throughout our land were to have run its course . . . well think again.
In a volley of invectives not often seen in the genteel world of liberal academia, Columbia University professor Jeffrey Sachs recently threw a string of verbal haymakers that would have made the noted NHL hitman Chris “Knuckles” Nilan proud.
Sachs was named one of the world’s 100 Most Influential … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, April 30, 2013

ForexMansion.com — Mon, 29 Apr 2013 11:03:32 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, April 30, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
111.56
111.42
111.41

Bullish

BND – Vanguard Total Bond Market ETF
84.18
84.10
84.09

Bullish

DBC – DB Commodity Index Tracking Fd
26.47
26.23
26.01

Bullish

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, April 30, 2013

ForexMansion.com — Mon, 29 Apr 2013 11:03:31 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, April 30, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.42
8.36
8.25

Bullish

AXP – American Express Company
67.63
68.00
67.68

Bearish

BA – Boeing Co
91.90
91.97
90.89

Neutral

BAC – Bank of America Corporation
12.38
12.42
12.18

Neutral

CAT – Caterpillar Inc
84.80
84.66
83.08

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, April 30, 2013

ForexMansion.com — Mon, 29 Apr 2013 11:03:30 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, April 30, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1588.25
+ 0.75
1580.72
1569.17

Bullish

Dow Jones – Jun YMM3
14748
+ 0.68
14673
14585

Bullish

Nasdaq – Jun NQM3
2858.75
+ 1.00
2840.89
2818.58

Bullish

Russell – Jun TFM3
939.40
+ 0.74
935.73
923.37

Bullish

INTEREST RATES

US T-Bond – Jun ZBM3
148-19
− … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sell In May?

Cam Hui — Mon, 29 Apr 2013 07:07:00 +0000

As we approach the end of April, the inevitable question of seasonality arises. Is it time to sell in May and go away?

While many of my intermediate and long term technical indicators are starting to line up, indicating that it may be prudent to start selling now, I am not seeing the bearish trigger yet. To review, let’s consider the charts from the three major regions of the world, US, Europe and China.

What does defensive leadership mean?
In the US, the stock market remains in an uptrend. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Simple, But Brilliant Charting Trick With RTT

readtheticker — Sun, 28 Apr 2013 23:56:13 +0000

When viewing lots of charts for both long and short positions, processes have to be simple and very clever.

You going to like this when you want to short.

Please watch the latest RTT Tv … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Real GDP Up; Real Final Sales Down/Was The Economy Stronger Or Weaker In The First Quarter?

Bob McTeer — Sun, 28 Apr 2013 16:13:56 +0000

Casual consumers of economic data, i.e. normal people, probably understand instinctively that the details behind the headline numbers matter. However, they can at least rest assured that such a large increase in the real GDP estimate as we had from the 4th quarter to the 1st quarter—from plus 0.4% to plus 2.5%–at least gets the direction right. Or, can they?
Several significant swings in the components of GDP are worthy of note, but I always look first at inventories. And, sure enough, an … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Australia To Enter A Very Sad Decade – Update

readtheticker — Sun, 28 Apr 2013 02:50:58 +0000

Australia is on the tit of China. One trend that can not last forever is the credit expansion by Chinese banks. One can only fear for the Muppets investing in property in the wider Asian region.

Previous Post: Australia to enter a very sad period

The most famous short seller of China in the World is Jim Chanos, in this video he makes some very good points. Chinese construction and credit expansion is at risk, and when it rolls over so will the region.

Video from … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Yen Has Moved Hard And Fast, But Nothing Moves In A Straight Line Forever

readtheticker — Sat, 27 Apr 2013 22:57:41 +0000

The Japanese yen is falling hard and fast, it’s very heavy. But nothing moves in a straight line forever.

The falling yen has pushed stock markets higher, increased volatility in commodities and bond markets, but at the yen current levels the noise from German and US exporters at the loss of market share could be a reason for a slow down. After all hedging last so long. If the yen stalls this could also see the stock markets pull back (as the SP500 is highly correlated to the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Monetary Policy Week In Review – Apr 27, 2013: One Central Bank Cuts, Pressure Grows On Europe’s Politicians

CentralBankNews — Sat, 27 Apr 2013 22:49:00 +0000

Last week nine central banks took policy decisions, with Hungary continuing its rate-cutting spree and the other eight banks (Namibia, New Zealand, Philippines, Fiji, Japan, Mexico, Colombia and Trinidad & Tobago) keeping rates unchanged as pressure mounted on euro zone policy makers to get serious about reforms and speed up growth.
A quiet exasperation over the lack of action by Europe’s policy makers turned into more forceful criticism during the annual … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Terror In Boston: Photos Of “Good And Evil”

Larry Doyle — Sat, 27 Apr 2013 11:32:38 +0000

The photos to which I link in this post are truly graphic in nature. I offer this note of precaution as some may find them too disturbing.
On September 11, 2001 I was working in midtown Manhattan. I will never forget the unease and anxiety that ran throughout the city that day and for months to come. The evil displayed by those who attacked our nation that day was truly horrific yet it brought out the best in us as so many reached out to help our fellow citi (NYSE:C)zens.
We witnessed the same in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Top Stock Picks For Next Week

Antonio Costa — Fri, 26 Apr 2013 22:41:00 +0000

( click to enlarge )

Facebook Inc (FB) The stock closed Friday slightly above the 50-day exponential moving average with a shooting star candle (correction is likely) on the daily. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line, but remains in negative territory. The RSI crossed above the 50 mark and CMF still positive. Let’s see what Monday brings.

( click to enlarge )

Research In Motion … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Trinidad & Tobago Holds Rate, Sees Subdued Recovery

CentralBankNews — Fri, 26 Apr 2013 21:06:00 +0000

The Central Bank of Trinidad and Tobago held its benchmark repo rate steady at 2.75 percent, saying the current accommodative policy stance was appropriate as the recovery of the economy is likely to be subdued with inflationary pressures contained.
The central bank, which cut rates by 25 basis points in 2012, said headline inflation rose to an annual rate of 6.9 percent in March from 5.9 percent in February but on a monthly basis the headline inflation rate for the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Post Strong Weekly Advance

NYFP — Fri, 26 Apr 2013 21:03:06 +0000

04/26/13 US stocks settled mixed on Friday, but gained on the week. US Q1 GDP expanded at an annual rate of 2.5%, on an increase in consumer … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Colombia Holds Rate Steady At 3.25% After Seven Cuts

CentralBankNews — Fri, 26 Apr 2013 20:56:00 +0000

Colombia’s central bank held its benchmark interest rate steady at 3.25 percent, as expected, saying the economy continues to grow below its potential and inflation is below 3.0 percent but it is “particularly difficult to interpret current trends in economic activity and its projection.”
But recent rate cuts and proposed fiscal policy measures should help raise economic growth toward the country’s productive capacity and this will help inflation move closer to the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Fiji Holds Policy Rate Steady, Demand Continues To Improve

CentralBankNews — Fri, 26 Apr 2013 20:27:00 +0000

The Reserve Bank of Fiji maintained its accommodative monetary policy stance and held its Overnight Policy Rate (OPR) steady at 0.5 percent, saying domestic demand and the labour market was continuing to improve and there are signs of rising investment activity.
But the Reserve Bank, which last cut its rate by 100 basis points in November 2011 to support economic growth, said the performance of various sectors was still mixed with a notable decline in gold … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Futures Dip On Global Growth Outlook

NYFP — Fri, 26 Apr 2013 18:26:07 +0000

04/26/13 Crude oil futures slipped on a lower-than-expected US Q1 GDP … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Reel In Spear-phishing, Sip Java With Tim Cook

NYFP — Fri, 26 Apr 2013 18:05:00 +0000

04/27/13 Spear-phishing attacks are on the rise and is a sneaky fish to reel in. Coffee with Apple CEO, Tim Cook, at company headquarters is available to the highest … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stimulus Programs Have To Stay

NYFP — Fri, 26 Apr 2013 17:14:55 +0000

04/26/13 Rockwell Global Capital’s Peter Cardillo weighs in on the US GDP and consumer sentiment data. Expectations for next week’s central bank decisions, earnings and data are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Apr 26, 2013: Europe Should Weaken Its Currency: Bini Smaghi

CentralBankNews — Fri, 26 Apr 2013 16:48:00 +0000

Europe should weaken its currency: Bini Smaghi (CNBC)
Bank of Korea head concerned over yen’s slide (Bernama)
Colombian central bank is expected to keep key rate in check (WSJ)
Lending slumps, gaps … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Bond Prices At 2013 Highs But Becoming Overbought?

OptionsXpress — Fri, 26 Apr 2013 16:18:36 +0000

Friday, April 26, 2013
After forming what appears to be a head and shoulders bottom on the daily continuation chart, Treasury Bond prices are hovering several points above the “neckline”, although a further-up move in prices is being hampered by this week’s Treasury auction and rising equity prices. Cash movement into U.S. Treasuries may be coming from outside the U.S.– especially from Japan — as the BOJ’s aggressively accommodative monetary policies are forcing domestic investors to search … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Week Ahead: Central Banks And US Jobs Data Awaited

NYFP — Fri, 26 Apr 2013 15:28:59 +0000

04/26/13 The upcoming trading week is packed with central bank rate decisions, key global economic data and earnings … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Mixed On GDP And Consumer Sentiment Data

NYFP — Fri, 26 Apr 2013 14:49:46 +0000

04/26/13 Wall Street digested the latest US GDP and consumer sentiment data, along with mixed earnings … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Edges Lower As US GDP Expands Only 2.5%

NYFP — Fri, 26 Apr 2013 09:44:36 +0000

04/026/13 Following the release of US Q1 GDP data, the USD remained lower against the EUR, GBP, JPY. EUR/USD turned flat as consumer sentiment came in above in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Mexico Holds Rate Steady, Says Higher Inflation Temporary

CentralBankNews — Fri, 26 Apr 2013 14:34:00 +0000

Mexico’s central bank held its benchmark target for its overnight rate steady at 4.0 percent, saying the recent rise in inflation was temporary and there are no widespread pressures so inflation should resume its downward trend in June and then gradually move toward’s the bank’s 3.0 percent target.
The Bank of Mexico, which last month cut its rate for the first time since July 2009 but stressed it was not embarking on a new cycle of easing, said inflation was … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Mortgage Rates Decrease To New Record Lows

Katrina Gutierrez — Fri, 26 Apr 2013 13:48:18 +0000

This week mortgage applications increased 0.2% compared to the previous week. This slight increase is more than expected as this week all mortgage rates have gone down, reaching two new record-lows for 15-year and 5-year mortgages.

30-year mortgage rates decreased to 3.4% this week compared to 3.41% last week. This is one of the lowest rates we have seen this year for 30-year mortgages, only 0.1% above the lowest rate of 3.31%, which we saw during the third week of November 2012. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Review 1st Qtr 2013 GDP: The “Final” Answer

Larry Doyle — Fri, 26 Apr 2013 13:34:29 +0000

The 1st quarter 2013 GDP release indicating growth of 2.5% might not be as strong as expected but it is certainly a lot better than the anemic .4% increase registered in Q4/2012, right?
On the surface, yes, you would be correct. 2.5 is definitely a larger number than .4.
If we were to go by such simple measures, then we can paint a whole host of beautiful landscapes as we navigate our way deeper into the depths of economic hell. Let’s not be so easily hoodwinked and sort through the noise in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Where Is The Larger Bubble: The S&P 500 Index Or U.S. Treasuries?

J. W. Jones — Fri, 26 Apr 2013 12:58:55 +0000

Today we have a plethora of companies reporting earnings and are moving through the 1st Quarter earnings season at a rapid pace. Thus far, earnings have been far from exciting and have made the previous 2013 forward earnings estimates laughable.
The only way we get to the proposed valuations is through multiple expansion which is simply going to require the Federal Reserve to continue to pump $85 billion into Treasury’s and MBS securities each month. I am confident they will comply.
There are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For ETF Trading On Monday, April 29, 2013

ForexMansion.com — Fri, 26 Apr 2013 11:03:01 +0000

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Monday, April 29, 2013

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares CORE Total US Bond Mkt
111.49
111.34
111.41

Bullish

BND – Vanguard Total Bond Market ETF
84.11
84.06
84.09

Bullish

DBC – DB Commodity Index Tracking Fd
26.12
26.06
26.01

Bullish

DIA – SPDR DJ Industrial Average … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Futures Trading On Monday, April 29, 2013

ForexMansion.com — Fri, 26 Apr 2013 11:03:00 +0000

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, April 29, 2013

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM3
1576.50
− 0.33
1577.33
1569.17

Neutral

Dow Jones – Jun YMM3
14649
− 0.03
14645
14585

Bullish

Nasdaq – Jun NQM3
2830.50
− 0.47
2832.03
2818.58

Neutral

Russell – Jun TFM3
932.80
− 0.59
932.98
923.47

Neutral

INTEREST RATES

US T-Bond – Jun ZBM3
148-28
+ … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Trend Trader For Stock Trading On Monday, April 29, 2013

ForexMansion.com — Fri, 26 Apr 2013 11:03:00 +0000

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Monday, April 29, 2013

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.27
8.34
8.25

Neutral

AXP – American Express Company
67.75
67.85
67.68

Neutral

BA – Boeing Co
92.85
91.80
90.89

Bullish

BAC – Bank of America Corporation
12.42
12.37
12.18

Bullish

CAT – Caterpillar Inc
84.68
84.36
83.08

Bullish

CSCO – Cisco … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil, Gold May Not Find Support In US GDP Data

DailyFX — Fri, 26 Apr 2013 10:46:00 +0000

Crude oil and gold are under pressure as risk appetite unravels into the end of the trading week. A pickup in US GDP growth may do little to offset negativity.
Talking Points

Crude oil, Copper Under Pressure as Risk Appetite Unravels Anew
Gold and Silver Losses Limited by BOJ-Driven US Dollar Weakness
US 1Q GDP Data May Not Help Sentiment Despite Growth Pickup

Commodity prices are under pressure in European trade as risk appetite flounders across the financial markets. Cycle-sensitive crude … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOJ Sees Inflation Topping 2.0 Percent Target In Fiscal 2014

CentralBankNews — Fri, 26 Apr 2013 08:55:00 +0000

The Bank of Japan (BOJ) expects inflation to rise to an average 0.7 percent in the current 2013 fiscal year and then accelerate to 3.4 percent in the next fiscal year, which begins April 1, 2014, easily exceeding the central bank’s new 2.0 percent price stability target.
For the following year, fiscal 2015, inflation is forecast to ease slightly to 2.6 percent, according to the BOJ’s latest economic outlook. In the 2012 fiscal year, that ended March 31, consumer … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Japan Confirms Plan To Boost Monetary Base 60-70 Trln Yen

CentralBankNews — Fri, 26 Apr 2013 04:57:00 +0000

The Bank of Japan (BOJ) confirmed that it plans to boost the country’s monetary base – the combination of cash in circulation and banks reserves at the central bank – by 60-70 trillion yen annually.
Last month the BOJ launched a new aggressive policy of “quantitative and qualitative monetary easing” to rid the country of 15 years of deflation by doubling the monetary base and buying over 7 trillion yen of Japanese government bonds a month along with purchases of real … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Culinary Delights At Your Fingertips With CookWizMe

NYFP — Thu, 25 Apr 2013 22:36:44 +0000

04/25/13 CookWizMe brings culinary delights to your fingertips and lets you share your recipes with the world. Company CEO, Elena Isaeva, explains how the app makes cooking fun and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks Up On Earnings And Jobs

NYFP — Thu, 25 Apr 2013 16:56:07 +0000

04/25/13 Stocks rallied near session highs Thursday afternoon following a series of better-than-expected earnings and an upbeat jobless claims … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards