November 2010
November 29, 2010 –
If this 11K support holds, it may be a really good time to start adding more to your positions at these levels. The last two times 11k support was tested we had triple digit gains the very next day. [more]
November 24, 2010 –
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RELATED TICKERS: SLV
, PALL
, GLD
Higher Income spending equals higher industrial production equals higher metal demand.
http://www.kitco.com/market/
November 24, 2010 –
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RELATED TICKERS: VXX
, VXZ
, TNA
Korea related names rebounding: but I wouldn't buy them, instead I would look to buy stocks that were beaten down yesterday on the Korean names even though they have no relation to Korea. Those are the stocks that should rebound the quickest today. [more]
November 23, 2010 –
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RELATED TICKERS: QQQ
, SPY
, TNA
If you start seeing stocks rebounding from day lows and start falling less than triple digits then you know hedge funds are covering and going long ahead of Black Friday.
November 23, 2010 –
Just like 10,000 was the support level during the spring and summer.
This Fall and winter the support level is 11,000 on the DJIA.
The 11,000 level was already tested once in November and and the market snapped up with a nearly 200 point gain after the first test.
Today's action is test #2 of the 11,000 DJIA support.
November 23, 2010 –
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RELATED TICKERS: WMT
, M
, TGT
What you see this morning is a setup to get newbies to short this morning gap down open. What will follow next is the experienced shorts will cover all day along ahead of Wed. & Black Friday. I been in the market for nearly 2 decades now and have seen such a setup numerous times and the vast majority of times the market has rallied up on the Wed. before Thanksgiving. So my advice to newbie shorts is to not get sucked in emotion today and overload on the shortside because the past history will be strongly against you today. [more]
November 19, 2010 –
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RELATED TICKERS: IRE
, AIBYY
FOREX-Euro rises on Ireland hopes, resistance to cap gain
[more]
November 19, 2010 –
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RELATED TICKERS: GLD
, SIL
, SLV
US Debt Clock is the factor controling GOLD & SILVER to much higher levels:
http://www.usdebtclock.org/2015-current-rates.html
November 18, 2010 –
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RELATED TICKERS: SLV
, PALL
, GLD
ECONX Philadelphia Fed Index Surges in November
Any negativity generated by the Empire Manufacturing Index on Monday was unwound by the Philadelphia Fed Index today. The latter showed a big jump in general business activity as the diffusion index spiked to 22.5 (Briefing.com consensus +5.0) in November from 1.0 in October. A number above zero for this regional manufacturing survey denotes expansion.
The November reading is the highest since May and is equal to the level seen in December 2009. It is also well above the six-month average of 4.7.
The strength in November was fueled by a notable pickup in the new orders index (from -5.0 to +10.4), the shipments index (from 1.4 to 16.8), the unfilled orders index (from -8.9 to +3.7), the average workweek index (from -6.0 to +10.9), and the number of employees index (from 2.4 to 13.3).
In brief, this is a report that suggests manufacturing activity in the Philadelphia Fed region is picking up nicely again after a late-summer lull.
While few pundits are sounding alarm bells anymore about a possible double-dip recession, this is the type of number that should silence the remaining few who are. At the same time, this is the type of number that will get opponents of the Fed's quantitative easing plan riled up again, so it will be worth watching the Treasury market's response to the data and how the stock market reacts to the Treasury market's performance. [more]
November 16, 2010 –
That is the one thing bears count on. Panic sellers always send the markets crashing down in such a quick fashion that it does not take long for 2 months of gains to evaporate before our eyes, like its happening right now in 4 of the last 5 trading days.
This type of action will never change throughout history unless they hardwire the human brain not to panic and that won't happen anytime soon.
November 15, 2010 –
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RELATED TICKERS: ASYS
, LDK
, FSLR
When Oil breaks $100+ in 2011 at some point, thats when all the attention will turn to the alternative energy stocks again. [more]
November 15, 2010 –
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RELATED TICKERS: NOAH
, LFC
, BIDU
http://gaskinsco.com/linkto-noah.shtml
Its 500% income growth is not shocking when considering that they are involved in managing the wealth of China's richest people. The demographics alone speaks volumes for its business.
November 12, 2010 –
was better than this weeklong Crash.
I rather have a quick flash crash then a slow death. At least with a flash crash , you can search the market for stocks that got cut to shreds more than yours and buy them for a quick rebound. In this type of market you just keep bleeding day after day.
November 11, 2010 –
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RELATED TICKERS: EXK
, SLW
, PAAS
Silver now is officially on fire again up 1.4% on the day realtime
November 11, 2010 –
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RELATED TICKERS: EXK
, WTI
, STRI
on everything that you think went down today and has no relation to CSCO.
I am talking about stocks with extremely low forward PE's here not your ordinary of the mill over hyped stocks:
Starting from lowest price stock to highest:
EXK, WTI, STRI, WLK, KMT, CWEI, UFS, MGA
November 10, 2010 –
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RELATED TICKERS: EUO
, UUP
The only reason the dollar is going up last 5 days is shorts covering on overplayed Ireland debt news. Problem with that is Ireland is a Net trade Surplus nation unlike GREECE. Its just traders playing with Irish Bonds, but their argument is very weak and they will relinguish soon enough to that reality: [more]
November 08, 2010 –
Warning: 'Huge' Bubble Brewing in Bond MarketPublished: Sunday, 7 Nov 2010 | 11:08 PM ET By: CNBC.com
Investors should stay clear of U.S. government debt as there is a "huge" bubble developing in the bond market, warns Aaron Smith, managing director at Superfund Financial. [more]
November 08, 2010 –
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RELATED TICKERS: EMCI
, MCD
, CL
and your not locked in for 10yrs. You can sell whenever you want to: [more]
November 05, 2010 –
I don't see any good picks that could increase your portfolio in a big way except RIG if it comes out completely clean in the RIG Explosion. [more]
November 05, 2010 –
Guided much higher for full year $1.50 EPS realtime stock price $14.47, pretty cheap for a stock that just guided for $1.50 eps even with today's $2+ gains. [more]
November 04, 2010 –
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RELATED TICKERS: AERL
Data out yesterday 72% revenue increase in Oct 2010. This Macau VIP room company rally could just be at the start of its run based on what LVS is doing at Macau, should not take much time to go north of $10
Do not buy all in right now, try and time pullbacks and only buy at 10% increments on each pullback.
November 03, 2010 –
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RELATED TICKERS: GLD
GOLD "GLD" is selling off but that's gonna be temp. fall because the Gold bulls just got a weapon to continue their buying ways. I expect "GLD" to run to $150/shr by end of 2010 with this news.
November 03, 2010 –
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RELATED TICKERS: LGL
It reports next week, and its expected eps estimate is .84 eps for the qtr.
Should be interesting if it can rally back to $34+ after earnings.
November 02, 2010 –
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RELATED TICKERS: ECHO
How would you love to own CHRW in the low teens? Well actually you can if you believe like many do that ECHO is another CHRW in the making. [more]