Live Trading News » Markets

FX Update

Shayne Heffernan — Tue, 21 May 2013 07:49:15 +0000

FOREIGN EXCHANGE • Long USD positioning and prospects for dovish Bernanke suggests USD now toppish • GBP may be more interested in Vodafone than CPI USD Aggregate USD positioning on the CME is now at its highest level since June 2012, just as the USD index is also at the levels seen early last summer, [...]

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Wall Street Preview

Paul A Ebeling Jr — Tue, 21 May 2013 07:27:13 +0000

Wall Street Preview YHOO, ACT, WCRX, WBSN The Russell 2000 crossed the 1,000 level for the first time ever Monday and the S&P 500 established a new all-time, intra-day high. Those were some of the more memorable highlights of what was an otherwise quiet day of trading. Monday after the close these companies reported earnings: [...]

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US Fed Paper Urges Trading Reforms to Help Humans Compete

Paul A Ebeling Jr — Tue, 21 May 2013 07:25:55 +0000

US Fed Paper Urges Trading Reforms to Help Humans Compete A US Federal Reserve official has called for fundamental changes in financial markets to slow trading and allow humans more chance to compete with the ultra-fast computer programs employed by some participants. A new paper due to be presented Tuesday proposes altering the structure that [...]

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UK Ruins Scotland’s Economy

Paul A Ebeling Jr — Tue, 21 May 2013 07:23:44 +0000

UK Ruins Scotland’s Economy The Scottish government struck back at claims from London that independence will damage the country’s economic prospects in a report Tuesday that criticizes UK governments for holding back the Scottish economy and squandering its resources. The report, called ‘Scotland’s Economy: The Case for Independence,’ is also deeply critical of UK governments [...]

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Dubai economist calls for Gulf single currency

Paul A Ebeling Jr — Tue, 21 May 2013 07:20:51 +0000

Dubai economist calls for Gulf single currency Former chief economist of the Dubai International Financial Center Authority, Nasser Saidi, said Monday that the 6 Gulf Arab states should realize plans for a single currency despite the crisis of the Euro as a multi-national currency. In an interview with the Dubai-based weekly Arabian Business, Mr. Saidi [...]

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China RMB Yuan advanced to 6.1911 Vs USD Tuesday

Paul A Ebeling Jr — Tue, 21 May 2013 07:17:42 +0000

China RMB Yuan advanced to 6.1911 Vs USD Tuesday The Chinese currency Renminbi, or the Yuan, advanced 87 basis point to 6.1911 Vs the USD Tuesday, according to the China Foreign Exchange Trading System. In China’s foreign exchange spot market, the Yuan is allowed to rise or fall by 1% from the central parity rate [...]

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Chicago’s agricultural commodity futures market closed mixed Monday

Paul A Ebeling Jr — Tue, 21 May 2013 07:16:01 +0000

Chicago’s agricultural commodity futures market closed mixed Monday Chicago Corn fell slightly but Wheat and Soybean rose Monday. The most active Corn contract for Jul delivery dropped 3.25 cents, or 0.5%, to close at 6.495 bu. Jul Wheat gained 2 cents, or 0.29%, to settle at 6.8525 bu. Jul Soybean rose 16 cents, or 1.1%, [...]

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Australian Dollar Reflects Weak Global Economy

Shayne Heffernan — Tue, 21 May 2013 07:14:31 +0000

RBA Says Mining Slowdown Drove Rate Cut BHP Australia’s central bank cut its benchmark interest rate to record lows at the beginning of May to give the resource rich economy a jolt as a rapid cooling in mining investment and a high Australian Dollar slowed growth and eroded business confidence. Tame inflation readings and the [...]

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US Justice Department Stalks Standard & Poors

Paul A Ebeling Jr — Tue, 21 May 2013 07:13:47 +0000

US Justice Department Stalks Standard & Poors MHFI Monday, the US Justice Department asked a federal judge to allow its lawsuit against Standard & Poor’s Ratings Services to move forward. The filing in a California district court is the latest legal salvo as the world’s largest credit-rating firm and the federal government battle over who [...]

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Starbucks NASDAQ:SBUX is Rebuilding Its Seattle’s Best Coffee Brand

Paul A Ebeling Jr — Tue, 21 May 2013 07:09:06 +0000

Starbucks NASDAQ:SBUX is Rebuilding Its Seattle’s Best Coffee Brand MCD, DNKN, BKW, DAL, WMT Starbucks Corp.’s Seattle’s Best Coffee brand, doomed when Borders bookstores closed in Y 2011 is staging a comeback. The more value-oriented brand is hoping to rebuild its retail business, which was lost when Borders closed 400 stores that housed Seattle’s Best [...]

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IRS Investigation, Top White House Staffers Were Briefed Early

Paul A Ebeling Jr — Tue, 21 May 2013 06:56:45 +0000

IRS Investigation, Top White House Staffers Were Briefed Early White House Press Secretary Jay Carney under fire again Monday acknowledged that senior staffers to President Obama were informed in late April that a forthcoming audit of the IRS would reveal that officials there had targeted conservative groups, and they did not warn the President about [...]

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Yahoo NASDAQ:YHOO, will Tumblr go the way of Flickr?

Paul A Ebeling Jr — Tue, 21 May 2013 06:55:15 +0000

Yahoo NASDAQ:YHOO, will Tumblr go the way of Flickr? Monday, a big deal was announced with lighthearted memos that humanize the tech titans and the huge amount of money on the table. Both companies Yahoo and Tumblr, mixed humor with assurance, and made big promises to stay true to their roots. “Per the agreement and [...]

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USD/JPY Headed Under 100

Shayne Heffernan — Tue, 21 May 2013 06:51:18 +0000

USD/JPY Headed Under 100 USD/JPY intraday: under pressure. Pivot: 102.90. Our preference: SHORT positions below 102.9 with targets @ 102.05 & 101.85. Alternative scenario: The upside penetration of 102.9 will call for 103.3 & 103.7. Comment: Monday’s bearish gap maintains a downside pressure. Opinion published is an intraday view. Green Lines Represent Resistance | Red [...]

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GBP/USD Up on Weak USD

Paul A Ebeling Jr — Tue, 21 May 2013 06:47:35 +0000

GBP/USD Up on Weak USD GBP/USD intraday: bullish bias above 1.5205 Pivot: 1.5205. Our preference: LONG positions above 1.5205 with 1.528 & 1.533 in sight. Alternative scenario: The downside penetration of 1.5205 will call for 1.5155 & 1.511. Comment: the break above 1.5205 is a positive signal that has opened a path to 1.528. Opinion [...]

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EUR/USD Making a Run Higher

Shayne Heffernan — Tue, 21 May 2013 06:44:22 +0000

EUR/USD Making a Run Higher EUR/USD intraday: continuation of the rebound. Pivot: 1.2835. Our preference: LONG positions above 1.2835 with 1.293 & 1.2995 in sight. Alternative scenario: The downside penetration of 1.2835 will call for a slide towards 1.279 & 1.2745. Comment: the pair has broken above an intraday declining trend line. Opinion published is [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Mon, 20 May 2013 19:55:15 +0000

Singapore The FTSE Straits Times Index (STI) ended +4.93 points higher or +0.14% higher to 3,454.23, taking the year-to-date performance to +9.07%. The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.53%. The top active stocks were JSH 500US$ (-1.62%), Singtel (+1.24%), Kep Corp (+1.28%), DBS (+0.29%), and [...]

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Jim Rogers, Bernanke to Leave Fed to Avoid Hangover From His Policies

Paul A Ebeling Jr — Mon, 20 May 2013 19:25:42 +0000

Jim Rogers, Bernanke to Leave Fed to Avoid Hangover From His Policies The Federal Reserve is pumping up the economy and financial markets with its massive easing tactics, and central bank Chairman Ben Bernanke might not seek another term because he does not want to deal with the “hangover” aftermath of his policies, says investor [...]

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US Government May Be Stalking JPMorgan NYSE:JPM CEO Dimon

Paul A Ebeling Jr — Mon, 20 May 2013 19:23:38 +0000

US Government May Be Stalking JPMorgan NYSE:JPM CEO Dimon JPMorgan Chase CEO Jamie Dimon is facing heat from a lot of sources, and one of them may be the government, says Dick Bove, the legendary bank analyst for Rafferty Capital Markets. Eight US government agencies and the states of California and Michigan are apparently expected [...]

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Thai Q-1 GDP +5.3% on Year; Government Cuts 2013 Growth Forecast

Paul A Ebeling Jr — Mon, 20 May 2013 19:22:05 +0000

Thai Q-1 GDP +5.3% on Year; Government Cuts 2013 Growth Forecast Thailand’s economy continued to expand in Q-1 from a year earlier, though the pace of growth slowed due to a moderation in domestic and foreign demand amid a weaker-than-expected global recovery. GDP rose 5.3% in Q-1 from a year earlier, Arkhom Termpittayapaisith, secretary-general of [...]

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Thaksin pushes for charter rewrite, Red-Shirts rally

Paul A Ebeling Jr — Mon, 20 May 2013 19:20:29 +0000

Thaksin pushes for charter rewrite, Red-Shirts rally Thailand’s fugitive former Prime Minister Thaksin Shinawatra made a high-profile speech to his Red Shirt clad supporters Sunday night and called for continued effort to amend the constitution, which he said would bring “true democracy” to the country. Mr. Thaksin, speaking on SKYPE broadcast on giant open-air screens [...]

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National Bank of Greece (ADR) (NYSE:NBG) Trade Alert

Shayne Heffernan — Mon, 20 May 2013 15:59:10 +0000

National Bank of Greece (ADR) (NYSE:NBG) Trade Alert Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish An evening star occurred (this is a three-candle pattern). This is a bearish pattern than often signifies a major top. A falling window occurred (where the bottom of the previous shadow is above the top of [...]

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Facebook Inc (NASDAQ:FB) Trade Alert

Shayne Heffernan — Mon, 20 May 2013 15:04:42 +0000

Facebook Inc (NASDAQ:FB) Trade Alert Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Facebook Inc (NASDAQ:FB) gapped down today (bearish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps [...]

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Tesla Motors Inc (NASDAQ:TSLA) Falls as Dilution Kicks In

Shayne Heffernan — Mon, 20 May 2013 14:03:38 +0000

Tesla Motors Inc (NASDAQ:TSLA) Falls as Dilution Kicks In Tesla is moving lower as the market absorbs the massive dilution the company plans. Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish Volume was 80% below average (consolidating) and Bollinger Bands were 434% wider than normal. The Ultimate Equity Platform, Thomson Reuters Latest [...]

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Medical Marijuana Inc (OTCMKTS:MJNA) Trade Alert

Shayne Heffernan — Mon, 20 May 2013 13:47:28 +0000

Medical Marijuana Inc (OTCMKTS:MJNA) Trade Alert Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish MJNA is currently 6.0% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out [...]

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Gdt Tek Inc (OTCMKTS:GDTK) Trading Alert

Shayne Heffernan — Mon, 20 May 2013 13:42:47 +0000

Gdt Tek Inc (OTCMKTS:GDTK) Trading Alert This one might dip before the next rally. Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Gdt Tek Inc (OTCMKTS:GDTK) is currently 45.2% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the [...]

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Wall St Ahead, Dimon’s test, Apple’s taxes, Bernanke on the Hill

Shayne Heffernan — Mon, 20 May 2013 13:30:05 +0000

Wall St Ahead, Dimon’s test, Apple’s taxes, Bernanke on the Hill CPB, TIVO, JPM, AAPL, HD, BBY, YHOO, BA, RCL, TVR, HPQ, LOW, TGT, SPLS, GS, LTD, MCD, RL, TWX, DLTR, ARO, P, GME, GPS, SHLD, ANF Friday capped 4 weeks of gainers for Wall Street as the DJIA and S&P 500 climbed to new [...]

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Google’s NASDAQ:GOOG Schmidt Defends UK Tax Affairs

Shayne Heffernan — Mon, 20 May 2013 13:12:15 +0000

Google’s NASDAQ:GOOG Schmidt Defends UK Tax Affairs Google Inc.’s Eric Schmidt Sunday defended the Internet search company’s tax affairs in a UK newspaper article, after the company was accused of tax avoidance by a committee of UK lawmakers and as new allegations about its tax affairs surfaced. Writing in The Observer, Mr. Schmidt said Google [...]

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Goldman Sachs NYSE:GS Boss Confident Euro will Survive

Shayne Heffernan — Mon, 20 May 2013 13:11:28 +0000

Goldman Sachs NYSE:GS Boss Confident Euro will Survive DB, BCS-PD Goldman Sachs’ Boss, Lloyd Blankfein, is confident the Euro will survive despite the debt crisis, he said in an interview with newspaper Welt am Sonntag. “The risk that Euro will break apart or that individual members are headed for bankruptcy was substantially higher a year [...]

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Benghazi is outright malfeasance, lying, criminal cover-up

Paul A Ebeling Jr — Mon, 20 May 2013 13:07:57 +0000

Benghazi is outright malfeasance, lying, criminal cover-up. Columnist and actor Ben Stein, who worked for the Nixon administration during the Watergate scandal Saturday said that President Obama’s administration is guilty of more than incompetence in the case of the Benghazi attack that resulted in the deaths of Ambassador Chris Stevens and 3 other Americans. “With [...]

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Bill Gross, Bond Rally’s End Not Likely to Be Reminiscent of 1994

Paul A Ebeling Jr — Mon, 20 May 2013 13:04:24 +0000

Bill Gross, Bond Rally’s End Not Likely to Be Reminiscent of 1994 BAC Pacific Investment Management Co.’s Bill Gross said the end of the 30-yr rally in US bonds is unlikely to be reminiscent of the drop in Y 1994, when the US Federal Reserve raised interest rates more than forecast. Markets are entering “a [...]

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Paul Ebeling on Wall Street

Paul A Ebeling Jr — Mon, 20 May 2013 12:15:49 +0000

Paul Ebeling on Wall Street US Fed Chairman Bernanke speaks Wednesday ahead of the FOMC minutes release, earnings reports slow. Right now the DJIA and S&P 500 are approaching their upper channel lines. They will have to crack and break through that resistance to keep moving North. Do not worry, they can do it, we [...]

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Singapore Stock Exchange Preview

Shayne Heffernan — Sun, 19 May 2013 19:25:58 +0000

Singapore Stock Exchange Preview Shayne Heffernan takes a look at the trading week ahead in Singapore Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend [...]

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The Stock Exchange of Thailand Preview

Shayne Heffernan — Sun, 19 May 2013 19:12:20 +0000

The Stock Exchange of Thailand Preview Shayne Heffernan takes a look at the week ahead on The Stock Exchange of Thailand Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish The Ultimate Thailand Stock Research, Thomson Reuters Latest Charting and News Technology call +1 801 265 8886 to get your FREE 30 Day [...]

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Singapore Dollar Weekly Preview

Shayne Heffernan — Sun, 19 May 2013 19:02:36 +0000

Singapore Dollar Weekly Preview Shayne Heffernan takes a look at Singapore Dollar trading for the week ahead. The Singapore dollar is undervalued next to the USD for now, a break above 1.26 is where I will recommence selling USD and buying SGD Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Singapore Dollar [...]

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Thailand: Thai Baht Outlook

Shayne Heffernan — Sun, 19 May 2013 18:51:10 +0000

Thailand: Thai Baht Outlook Shayne Heffernan takes a look at the Thai Baht trading for the week ahead. Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish The Thai Baht is currently 1.2% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility [...]

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USD/JPY Weekly Outlook

Shayne Heffernan — Sun, 19 May 2013 18:41:20 +0000

USD/JPY Weekly Outlook Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bearish Our volume indicators reflect volume flowing into and out of JPY= at a relatively equal pace (Turning Bearish). Our trend forecasting oscillators are currently bullish on JPY but have had this outlook for the last 30 periods. Our momentum oscillator is [...]

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EUR/USD Outlook

Shayne Heffernan — Sun, 19 May 2013 18:31:38 +0000

EUR/USD Outlook Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. EUR is currently 1.3% below its 200-period moving average and is in an downward trend. [...]

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Tactical Trader Advanced Trading Strategies

Shayne Heffernan — Sun, 19 May 2013 17:36:38 +0000

Tactical Trader Advanced Trading Strategies Tactical Trader Advanced Trading Strategies offers THREE complete systems in ONE amazing package. Systems you can begin using today to improve your trades. Time on Target This system uses well known, slightly adapted, indicators that utilize time displacement. It allows you to hone in on trades in a trend or [...]

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The new DVD from Ed Ponsi: FX Educator

Shayne Heffernan — Sun, 19 May 2013 16:54:21 +0000

The new DVD from Ed Ponsi: FX Educator Complete, comprehensive trading course! Nearly 5 hours of professional instruction! Ten detailed technical trading strategies! Contains over 100 color charts and graphs! Complete coverage of fundamental analysis! Professional risk management techniques! Ed Ponsi is the President of FXEducator LLC and is the former Chief Trading Instructor for [...]

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FX Trading With MetaStock XENITH FOREX

Shayne Heffernan — Sun, 19 May 2013 16:45:00 +0000

FX Trading With MetaStock XENITH FOREX The foreign exchange market is unique because of the following characteristics: its huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation: 24 hours a day except weekends, i.e., trading from 20:15 GMT on Sunday until 22:00 GMT [...]

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Gossip in Hollywood: Porn Star Alexis Amore, Gwyneth Paltrow, $2,000,000 Poker

Gossip in Hollywood — Sun, 19 May 2013 15:41:59 +0000

Porn Star Alexis Amore is appearing live at EXXXOTICA South Florida 2013 Porn Star Alexis Amore is appearing live at EXXXOTICA South Florida 2013 THE LARGEST EVENT IN THE USA DEDICATED TO LOVE & SEX Alexis Amore (born December 29, 1978) is the stage name of a Peruvian-born pornographic actress, erotic dancer and model. Gwyneth [...]

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Key West Summer Fishing Adventures

Shayne Heffernan — Sun, 19 May 2013 13:59:23 +0000

Key West Party boat fishing is group fishing at it’s finest in the Florida Keys. In order to save you, the lucky fisherman, money on your party boat fishing trip, and still provide a great Key West fishing experience, we book a group of fishermen on a single chartered fishing trip, which lowers your cost [...]

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Platinum Technical Outlook

Shayne Heffernan — Sun, 19 May 2013 13:43:16 +0000

Platinum Technical Outlook Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting [...]

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USD/ZAR South African Rand Outlook

Shayne Heffernan — Sun, 19 May 2013 13:34:30 +0000

USD/ZAR South African Rand Outlook Shayne Heffernan takes a look at the USD/ZAR USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that ZAR is in to continue for now but reverse and [...]

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China’s Exporters Hit Hard by Rising CNY

Paul A Ebeling Jr — Sun, 19 May 2013 10:59:20 +0000

China’s Exporters Hit Hard by Rising CNY For Chinese exporters who have been facing sluggish demand from European and US markets since last year, the rising Yuan added another burden. According to the latest data from the Bank for International Settlements, the Yuan’s exchange rate index in April was 115.24, or 0.88% higher than in [...]

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USD Long Position Spikes

Paul A Ebeling Jr — Sun, 19 May 2013 10:56:44 +0000

USD Long Position Spikes DXY, AUD, EUR, NZD USD/JPY: 103.12.. EUR/USD: 1.2832 The US Dollar Index broke through the 84.00 level early in Friday’s US session, hitting a high of 84.35 before pulling back slightly. The USD Index held near 84.24, closing at its best mark since July 2010. The net amount of investor cash [...]

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Forex, Trade Idea Update: GBP/USD – Sell at 1.5315

Paul A Ebeling Jr — Sun, 19 May 2013 10:53:46 +0000

Forex, Trade Idea Update: GBP/USD – Sell at 1.5315 Chart by Pro RealTime.com GBP/USD – 1.5201 Original strategy: Sell at 1.5335, Target: 1.5180, Stop: 1.5370 New strategy: Sell at 1.5315, Target: 1.5175, Stop: 1.5350 The Cable has retreated again after meeting resistance at 1.5323 Thursday, so, a break of last week’s low at 1.5173 is [...]

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Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline

Shayne Heffernan — Sun, 19 May 2013 10:50:07 +0000

Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline EUR/USD: 1.2796 Let’s look at the falling trendline that held after a relief rally retreated from 1.2930. The 16 May session saw EUR/USD stuck in consolidation, but the 17 May Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke [...]

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Bob Woodward says, Benghazi Scandal Reminds Me of Watergate

Paul A Ebeling Jr — Sun, 19 May 2013 10:38:50 +0000

Bob Woodward says, Benghazi Scandal Reminds Me of Watergate Bob Woodward, who helped break the Watergate scandal as a Washington Post reporter in the early 1970s, sees a similarity between those events and the Benghazi scandal now embroiling the Obama administration. He pointed to White House laundering of its talking points after last year’s attack [...]

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The Obama Admin Knew of IRS Probe During 2012 Campaign

Paul A Ebeling Jr — Sun, 19 May 2013 10:37:11 +0000

The Obama Admin Knew of IRS Probe During 2012 Campaign Senior Treasury officials were made aware in June 2012 that investigators were looking into complaints from Tea Party groups that they were being harassed by the Internal Revenue Service, a Treasury inspector general said, disclosing that Obama administration officials knew there was a probe during [...]

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Wall St Bubble and Fed Money Printing

Shayne Heffernan — Sun, 19 May 2013 10:26:03 +0000

The Fed’s balance sheet continues to expand at a Fast rate. Reserve bank credit rose $26.8-B or 16.3% Y-Y last week. The rise in liquidity looks to be benefiting the equity market. The 1st chart, below, displays the level of reserve bank credit and the S&P 500. Although the relationship between the Fed’s balance sheet [...]

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Japan: Yen Manipulation Fails Economy

Paul A Ebeling Jr — Sun, 19 May 2013 10:17:04 +0000

Japan: Yen Manipulation Fails Economy Japan’s real GDP grew by a seasonally adjusted 0.9% Q-Q in Q-1, led by strong consumption and exports. This was the fastest rate of expansion since Q-1 of Y 2012, when the Japanese economy grew by 1.3%. On an annualized basis, the measure often quoted in local and international media, [...]

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UAE Economy Seeing a Spring Boom

Paul A Ebeling Jr — Sun, 19 May 2013 10:09:51 +0000

UAE Economy Seeing a Spring Boom HBC Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented economic boom in the Spring of Y 2013. While most Arab countries struggle to generate growth with the challenge of population growth, the UAE, a major [...]

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Preakness Stakes, Oxbow Goes Wire to Wire, 1st in 30 yrs

Paul A Ebeling Jr — Sun, 19 May 2013 10:06:11 +0000

Preakness Stakes, Oxbow Goes Wire to Wire, 1st in 30 yrs Oxbow won the 138th running of the Preakness Stakes, going wire to wire, beating Orb. The winner of the Kentucky Derby, went off a 3-5, the biggest favorite since Big Brown in Y 2008. Rain was not a factor in the race. Final Finish: [...]

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Hollywood Box Office Milestone: ‘Iron Man 3′ Hits $1-B

Monica Petrucci — Sun, 19 May 2013 10:04:45 +0000

Hollywood Box Office Milestone: ‘Iron Man 3′ Hits $1-B The Disney and Marvel Studios TentPole also scaled the $300-M mark at the domestic box office. Taking only 22 days, Shane Black’s Iron Man 3 hit $1-B in worldwide ticket sales Thursday to claim # 16 so far on the list of all-time highest-grossing films. Iron [...]

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Flash Crash Back, Anadarko’s NYSE:ACP Stock Falls to a Penny on the Close

Paul A Ebeling Jr — Sun, 19 May 2013 09:57:03 +0000

Flash Crash Back, Anadarko’s NYSE:ACP Stock Falls to a Penny on the Close NYX The sharp drop that drove Anadarko Petroleum Corp.’s to a penny in the last second of trading Friday exposes a vulnerability in trading rules adopted last month to curb sharp stock swings. Andarko’s stock fell from over 90 a share to [...]

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Myanmar’s President leaves for official visit to Washington

Paul A Ebeling Jr — Sun, 19 May 2013 09:50:21 +0000

Myanmar’s President leaves for official visit to Washington Myanmar President U Thein Sein left Nay Pyi Taw Friday night for Washington to pay an official visit to the United States, official sources said. On his 1st trip to Washington as a Myanmar head of state in 47 yrs, U Thein Sein will meet his US [...]

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Maserati Becomes China’s Most Disliked Auto

Paul A Ebeling Jr — Sun, 19 May 2013 09:39:44 +0000

Maserati Becomes China’s Most Disliked Auto Chinese man put “Hit” on his 2011 Maserati Quattroporte A US$420,000 (tax paid), Y 2011 Maserati Quattroporte was recently hammered in Beijing. The owner, known only by his last name of Wang hired 4 hitmen to destroy the car with sledgehammers. Reports from the Qingdao Morning Post say that [...]

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Chopard Jewels Robbed from Hotel Room at Cannes Film Festival

Paul A Ebeling Jr — Fri, 17 May 2013 20:11:26 +0000

Chopard Jewels Robbed from Hotel Room at Cannes Film Festival $1-M worth of Chopard jewelry has been stolen at the Cannes Film Festival. French police confirmed to LTN, and other news sources, that a thief lifted Chopard’s jewelry from the safe of a Hotel Novotel Cannes room Thursday night. The hotel room belonged to a [...]

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Gold Will Watch the USD and US Fed Chair Bernanke Next Week

Paul A Ebeling Jr — Fri, 17 May 2013 19:59:06 +0000

Gold Will Watch the USD and US Fed Chair Bernanke Next Week The direction of the USD, and comments from US Federal Reserve Chairmen Ben Bernanke will influence the Gold market next week. The USD’s strength was a factor in Gold-price weakness this week, as the USD index rose to its highest level since August [...]

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General Motors NASDAQ:GM Returns to $33 IPO Price After 2 yrs

Paul A Ebeling Jr — Fri, 17 May 2013 19:41:40 +0000

General Motors NASDAQ:GM Returns to $33 IPO Price After 2 yrs F General Motors Co., is set to rejoin the Standard & Poor’s 500 Index, topped its $33 IPO price for the 1st time in more than 2 yrs. GM rose 3.4% to 33.49 at 12:05 p New York time after tapping 33.58. The shares [...]

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IRS Official in Targeting Scandal Now Oversees Obamacare Unit

Paul A Ebeling Jr — Fri, 17 May 2013 19:40:00 +0000

IRS Official in Targeting Scandal Now Oversees Obamacare Unit The Internal Revenue Service official charged with overseeing tax-exempt organizations when conservative groups were targeted for extra scrutiny now runs the agency’s office responsible for implementing Obamacare. Sarah Hall Ingram was commissioner of the office responsible for tax-exempt organizations from Ys 2009 to 2012, ABC News [...]

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The Bounce List: VDSC, EVSV, AEMC

Shayne Heffernan — Fri, 17 May 2013 15:14:06 +0000

ALAS DEFENSE SYS INC (OTCMKTS:VDSC), Enviro-Serv Inc (OTCMKTS:EVSV), ARCHER ENTERTAINMENT (OTCMKTS:AEMC) Looking for the stocks tat may bounce next week? take a look at these 3 VDSC, EVSV, AEMC. Enviro-Serv Inc (OTCMKTS:EVSV) This one has been up in to the cents and is back to .0025, great buying for Monday as another big push is [...]

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Angelina Jolie: Genetic Testing is Surprisingly Easy

Shayne Heffernan — Fri, 17 May 2013 14:38:02 +0000

Angelina Jolie: Genetic Testing is Surprisingly Easy When Angelina Jolie told the world about her double mastectomy, she expressed a wish for all women with a family history of breast cancer: “It is my hope that they, too, will be able to get gene tested, and that if they have a high risk they, too, [...]

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Wall Street Preview

Paul A Ebeling Jr — Fri, 17 May 2013 11:21:56 +0000

Wall Street Preview IBB, CSCO, AAPL, IBM, .VIX Thursday after the close these companies reported earnings: VNET, AMAT, ARUN, ADSK, BRCD, CAE, DELL, ENV, JCP, JWN, SINA, VSAT Futures are higher after hours: S&P 500 futures are +1.29 from fair value of 1648.31 and NAs 100 futures are +1.29 from fair value of 2998.46. Friday [...]

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US condemns Osaka’s Mayor’s remarks on WW II Sex Slaves

Paul A Ebeling Jr — Fri, 17 May 2013 11:20:28 +0000

US condemns Osaka’s Mayor’s remarks on WW II Sex Slaves The United States Thursday denounced the “outrageous and offensive” remarks made by Japan’s Osaka mayor regarding wartime sex slaves exploited by the Japanese military, or the so-called “Comfort Women.” “Mayor Hashimoto’s comments were outrageous and offensive,” department spokeswoman Jen Psaki said, as Toru Hashimoto, who [...]

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Gold demand surges in China, softens Globally

Paul A Ebeling Jr — Fri, 17 May 2013 11:17:23 +0000

Gold demand surges in China, softens Globally China’s demand for Gold rose 20% to 294 tonnes in Q-1 of Y 2013, while global Gold demand slid 13% in the period, according to a new World Gold Council (WGC) assessment. The WGC recorded demand in China for 185 tonnes of Gold jewelry in Q-1, + 19 [...]

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Schwab NYSE:SCHW Eliminates Class-Action Waiver Requirement for Clients

Paul A Ebeling Jr — Fri, 17 May 2013 11:10:30 +0000

Schwab NYSE:SCHW Eliminates Class-Action Waiver Requirement for Clients FINRA Charles Schwab Corp. has reversed course on a requirement that customers must waive their right to participate in class-action lawsuits against the company. On its website Friday, the San Francisco discount brokerage said it’s “modifying its account agreements to eliminate the existing class-action lawsuit waiver for [...]

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China Cuts the ” Red Tape” for Investment Projects

Paul A Ebeling Jr — Fri, 17 May 2013 11:07:55 +0000

China Cuts the ” Red Tape” for Investment Projects HBC In a move to cut the “red tape” and boost economic growth, China has decided to eliminate the need for central government approval for a wide range of investments. Local governments can now give approval for some investment projects, the State Council, or cabinet, said [...]

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Jamie Dimon is a Hero of the Financial Community

Paul A Ebeling Jr — Fri, 17 May 2013 10:53:22 +0000

Jamie Dimon is a Hero of the Financial Community The sharks are circling JPMorgan Chase’s NYSE:JPM Chairman and CEO Jamie Dimon in the wake of the “London Whale,” and all the bureaucrats who have felt the sting of his criticism of Dodd-Frank have their harpoons at the ready. The London Whale, of course, is Bruno [...]

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Obama Under Fire, US House Votes to Repeal Obamacare

Paul A Ebeling Jr — Fri, 17 May 2013 10:52:57 +0000

Obama Under Fire, US House Votes to Repeal Obamacare The US House voted to repeal Obamacare Thursday for the 3rd time since Republicans took over the Chamber in Y 2011 and the 37th time the House GOP has voted to repeal or defund a part of the bill. The 229-195 vote included two Democrats who [...]

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JPMorgan’s NYSE:JPM Jamie Dimon Is Wall Street’s Darling

Paul A Ebeling Jr — Fri, 17 May 2013 10:43:34 +0000

JPMorgan’s NYSE:JPM Jamie Dimon Is Wall Street’s Darling The Street loves Jamie Dimon, 57 anni. It was reported that in a conference room at JPMorgan Chase’s Manhattan HQ on 10 May, the Chairman and CEO fielded questions, town hall-style, from an audience of 300 of the bank’s administrative assistants, 900 more are there by phone. [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Thu, 16 May 2013 20:15:36 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +10.75 points higher or +0.31% higher to 3,452.28, taking the year-to-date performance to +9.01%. The FTSE ST Mid Cap Index declined -0.22% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were Singtel (+0.25%), DBS (-0.58%), GLP (+2.08%), THBev [...]

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California Tuna Fishing Season to Begin

Shayne Heffernan — Thu, 16 May 2013 18:29:34 +0000

California Tuna Fishing Season to Begin EXPLORATORY TUNA TRIP Be on board to catch the FIRST TUNA of the year on the FASTEST boat in the fleet! Fish with Captain Bob Taft and Captain “barefoot” Scottie Hart on theTopGun 80′s first Exploratory trip of the season! TopGun 80 departs at 8 PM on Friday,, May [...]

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ECB’s Liikanen, Bail-Ins, Not Bail-Outs Should Be the Rule

Paul A Ebeling Jr — Thu, 16 May 2013 17:32:36 +0000

ECB’s Liikanen, Bail-Ins, Not Bail-Outs Should Be the Rule Europe needs clear and transparent rules on which creditors will be the 1st to face losses when a bank fails, one that shift the burden from the taxpayer, a member of the European Central Bank’s decision-making panel said Thursday evening. “Bailout, which means government support, should [...]

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Japan In Doubt Over Currency Move

Paul A Ebeling Jr — Thu, 16 May 2013 17:32:14 +0000

Japan In Doubt Over Currency Move BOJ Discussing Potential Impact of Rise in Long-Term Rates Amid concern over a sudden rise in long-term interest rates, the Bank of Japan will discuss the related risks and potential effect on its 2% inflation target at its 2-day policy meeting next week, The Nikkei reported in its Friday [...]

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Buffett’s Berkshire Bought More Wells Fargo NYSE:WFC, Wal-Mart NYSE:WMT

Paul A Ebeling Jr — Thu, 16 May 2013 17:26:42 +0000

Buffett’s Berkshire Bought More Wells Fargo NYSE:WFC, Wal-Mart NYSE:WMT BRK-A, BRK-B, CBI, IBM, WFC, KO, CBI, AXP, DTV, DVA, USB, STARZA, STARZB, NOV, LMCA, ADM, KRFT, MDLZ, MCO Warren Buffett’s Berkshire Hathaway Inc NYSE:BRK-A, BRK-B revealed a new investment in Chicago Bridge & Iron Co NYSE:CBI, and said it has added to its largest equity [...]

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LA Auto Show’s Connected Car Expo

John Heffernan — Thu, 16 May 2013 16:12:41 +0000

LA Auto Show’s Connected Car Expo Top Automotive Tech Influencers Headline LA Auto Show’s Connected Car Expo A Who’s Who of Industry Thought Leaders to Share Insights on Emerging Vehicle Technology No trend in the auto industry is more topical than advanced technology platforms. To underscore that fact, the LA Auto Show confirmed today that [...]

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HSBC NYSE:HBC Plans 14,000 More Job Cuts

Paul A Ebeling Jr — Thu, 16 May 2013 16:01:40 +0000

HSBC NYSE:HBC Plans 14,000 More Job Cuts C, JPM, BCS, BCMXY HSBC is doubling its cost-cutting, including sacking up to 14,000 more employees, as Europe’s largest bank was forced to soften a Key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3-B in additional annual savings by Y 2016, [...]

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US Real Estate News: Mortgage Rates Climb

Shayne Heffernan — Thu, 16 May 2013 14:40:47 +0000

US Real Estate News: Mortgage Rates Climb Mortgage rates moved higher for a second consecutive week, with the benchmark 30-year fixed mortgage rate climbing to 3.71 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.34 discount and origination points. To see mortgage rates in your area, go [...]

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China Real Estate News

Shayne Heffernan — Thu, 16 May 2013 13:42:32 +0000

China Real Estate News The average price of land purchased by Chinese property developers surged 21.1 percent year-on-year in the first four months of this year, according to the latest data. The Shanghai-based E-house China R&D Institute said in a report released on May 14 that the growth rate was 6 percentage points faster than [...]

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Apple’s NASDAQ:AAPL Stock Chart Is Breaking Down Again

Paul A Ebeling Jr — Thu, 16 May 2013 13:27:05 +0000

Apple’s NASDAQ:AAPL Stock Chart Is Breaking Down Again If you care about stock charts and technical analysis, and if you are an Apple investor who is hoping that your shares will go back up to old high you should care about the charts in here. Apple’s stock chart is breaking down again and Wednesday marked [...]

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The Tesla NASDAQ:TSLA Pump and Dilute

Shayne Heffernan — Thu, 16 May 2013 13:26:46 +0000

The Tesla NASDAQ:TSLA Pump and Dilute Tesla NASDAQ:TSLA announces stock, convertible debt sale GS Tesla Motors Inc. said Wednesday evening that it plans to sell stock and convertible notes, raising funds to prepay an Energy Department loan after a recent rally in its share price. The electric car maker’s shares were up 6.1% at 90 [...]

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Amazon NASDAQ:AMZN UK Tax Fight

Shayne Heffernan — Thu, 16 May 2013 09:39:37 +0000

Amazon NASDAQ:AMZN UK Tax Fight Amazon NASDAQ:AMZN came under renewed fire over its British tax status after official figures revealed it only paid £2.4 million on UK sales of £4.2 billion last year. Figures filed to investors in the online retailer will increase the scrutiny on company executives when they appear before a parliamentary committee [...]

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Japan Targets China, ASEAN in Currency War

Shayne Heffernan — Thu, 16 May 2013 09:33:11 +0000

Japan Targets China, ASEAN in Currency War The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry of Commerce said on Thursday. China’s currency the yuan strengthened 6.1 percent against the yen in April, while China’s exports [...]

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Obama trying to defuse controversy, releases Benghazi emails

Paul A Ebeling Jr — Thu, 16 May 2013 09:29:08 +0000

Obama trying to defuse controversy, releases Benghazi emails The White House Wednesday sought to defuse controversy over its handling of last year’s killing of 4 Americans in Benghazi, releasing emails that show how Obama administration officials presented a scrubbed-down version of the attacks to the public. The documents gave a glimpse into the administration’s message [...]

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Wall Street Preview

Paul A Ebeling Jr — Thu, 16 May 2013 09:12:28 +0000

Wall Street Preview IBB, AAPL , GOOG, DE, LUV Wednesday after the close these companies reported earnings: ACXM, ANW, CSCO, DDS, EGLE, JACK, NTES, NQ, SB, SAPE, SVM, SKX, YOKU Futures are lower after hours: S&P 500 futures are -2.05 from fair value of 1656.35 and NAS 100 futures are -0.38 from fair value of [...]

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Obamagate: Jail Time Called for Violators

Paul A Ebeling Jr — Thu, 16 May 2013 09:03:55 +0000

Jail Time Called for Violators in IRS Scandal House of Representatives Speaker John Boehner raised the possibility of jail time Wednesday for law violations in the growing scandal involving the Internal Revenue Service’s targeting of conservative groups for extra tax scrutiny. “My question isn’t about who is going to have to resign, my question is [...]

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China Withdraws Stimulus

Paul A Ebeling Jr — Thu, 16 May 2013 09:00:55 +0000

China Withdraws Stimulus China’s central bank is set to reduce the amount of money in the financial system this week for the 1st time in 3 wks, as the flow of speculative funds from overseas increases the need to avoid oversupply. The People’s Bank of China is likely to drain a net CNY35-B ($5.70-B) through [...]

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Vietnam targets to earn US$40-B from electronics exports by 2017

Paul A Ebeling Jr — Thu, 16 May 2013 08:51:11 +0000

Vietnam targets to earn US$40-B from electronics exports by 2017 SSNLF Vietnam set a target to earn US$40-B from electronics exports by Y 2017, over nearly US$20-B from Y 2012. The remarks were made by Vietnamese Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum (WEF) in capital Hanoi, which drew [...]

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Chinese Concerned About Bloomberg Terminals

Paul A Ebeling Jr — Thu, 16 May 2013 08:48:07 +0000

Chinese Concerned About Bloomberg Terminals Chinese users of Bloomberg terminals expressed concerns Wednesday about Bloomberg News allowing journalists access to data on how clients use the terminals and urged the company to protect client data and ensure financial security. The concerns were in response to media reports Tuesday that China’s central bank and foreign exchange [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Wed, 15 May 2013 20:04:47 +0000

ASEAN Stock Exchange Preview Indonesia Bumi Serpong Damai, an Indonesian property company based in Jakarta, plans to raise as much as Rp 175 billion ($18 million) from the sale of shares in a rights offering this year. The property company plans to sell its 1.75 billion new shares in a limited public offering at a [...]

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Apple NASDAQ:AAPL iPhone Market Share Down in Q-1

Paul A Ebeling Jr — Wed, 15 May 2013 19:45:42 +0000

Apple’s NASDAQ:AAPL iPhone Market Share Down in Q-1 GOOG, NOK, SSNLF, IT In Q-1 of Y 2013, worldwide mobile phone sales totaled nearly 426-M units, up about 0.7% compared with Q-1 of Y 2012. SmartPhone sales comprised about 50% the total, 210-M units, + 42.9% Y-Y. Among mobile phone makers, Samsung Electronics PINK:SSNLF claimed 23.6% [...]

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IRS Chief Lied on Targeting Tea Party Groups

Paul A Ebeling Jr — Wed, 15 May 2013 15:38:50 +0000

IRS Chief Lied on Targeting Tea Party Groups Senator Orrin Hatch declared in an interview that Acting IRS Commissioner Steven Miller “basically misled me and purposefully did so” when he told legislators three times last year that Tea Party groups were not being targeted by the agency. “He purposely misled me because he knew better,” [...]

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Best Short: Tesla NASDAQ:TSLA

Paul A Ebeling Jr — Wed, 15 May 2013 12:50:29 +0000

Tesla NASDAQ:TSLA Stock Has Been on Fire, Will it Last F, GM, GS Remember, Goldman Sachs could not stand TSLA’s valuation almost 20$ lower and if the blow off top that was seen Tuesday mean anything Tesla still has much more risk than reward for investors who do not like the hazards of chasing stock [...]

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KBW Bank Index BKX Over Valued

Paul A Ebeling Jr — Wed, 15 May 2013 12:12:33 +0000

KBW Bank Index BKX Over Valued JPM, GS, MS, C, BAC, WFC J.P. Morgan Chase & Co.’s NYSE:JPM revenue from trading in stocks and bonds in Q-2 is on track to rise 10% to 15% from a year ago, an Bullish projection that helped lift several big US bank stocks to 52-wk highs Tuesday. Speaking [...]

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Biotech industry celebrates Monsanto’s NYSE:MON Supreme Court Victory

Paul A Ebeling Jr — Wed, 15 May 2013 12:12:19 +0000

Biotech industry celebrates Monsanto’s NYSE:MON Supreme Court Victory MSFT Vernon Hugh Bowman, 75 anni, a farmer from southwestern Indiana, thought he had figured out a cheap and legal way to use Monsanto’s genetically engineered Soybeans. Monday, the US Supreme Court ruled, unanimously he had not. The court said Mr. Bowman violated the biotechnology giant’s patent [...]

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EU wants Switzerland to end bank secrecy

Paul A Ebeling Jr — Wed, 15 May 2013 12:10:26 +0000

EU wants Switzerland to end bank secrecy EU finance ministers gave the Green Light Tuesday to start talks with Switzerland and Liechtenstein about surrendering bank data, as Europe stepped up its fight against tax evasion. The move, described as ‘historic’ by Germany’s Finance Minister Wolfgang Schaeuble, redoubles pressure on Switzerland to open up account details [...]

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Medical Marijuana Co, GrowLife OTCBB:PHOT Reports 725% Increase in Q-1 Revenue

Paul A Ebeling Jr — Wed, 15 May 2013 12:08:50 +0000

Medical Marijuana Co, GrowLife OTCBB:PHOT Reports 725% Increase in Q-1 Revenue GrowLife, Inc. OTCBB:PHOT, a provider of highly effective indoor growing technologies and unique lifestyle brands reports financial results for the Quarter ending March 31, 2013. Highlights: Sales of $760,709 in Q-1 Y 2013, up 725% from the same quarter last year Gross Margins increased [...]

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RBS NYSE:RBS expects to complete banks restructure in 2014

Paul A Ebeling Jr — Wed, 15 May 2013 12:02:41 +0000

RBS NYSE:RBS expects to complete banks restructure in 2014 Royal Bank of Scotland expects to go from “bust bank” to “normal bank” and mostly completed the bank restructuring in Y 2014, said the Bank top-level executive on Tuesday. The journey from “bust bank” to “normal bank” would take five years as the rescue of RBS [...]

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Shanghai Free Trade Zone Update

Paul A Ebeling Jr — Wed, 15 May 2013 11:59:53 +0000

Shanghai Plans Free Trade Zone SS:600284 Despite rapid development in the past few years, many die-hard traditionalists in Shanghai still believe in the old adage that a bed in Puxi is preferred to a house in Pudong. But this “wilderness” has now become the focus of the city’s future. And this is not just related [...]

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Boeing NYSE:BA resumes deliveries of Dreamliners

Paul A Ebeling Jr — Wed, 15 May 2013 11:59:38 +0000

Boeing NYSE:BA resumes deliveries of Dreamliners UAL Boeing delivered a Dreamliner made in its Everett plant in Washington to Japanese carrier All Nippon Airways Tuesday. This indicates that the Chicago-based company resumed deliveries of its Dreamliners to airlines after a 100-day grounding of the plane model by the Federal Aviation Administration (FAA) and subsequently aviation [...]

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Obamagate: DOJ to Investigate IRS Targeting of Tea Party

Paul A Ebeling Jr — Wed, 15 May 2013 11:57:46 +0000

Obamagate: DOJ to Investigate IRS Targeting of Tea Party The US Justice Department is opening a criminal investigation into the Internal Revenue Service’s targeting of tea party groups for extra scrutiny over whether they qualified for tax exempt status, Attorney General Eric Holder announced Tuesday. Mr. Holder said the FBI is coordinating with the Department [...]

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Obamagate: IRS Leaked Confidential Documents to Liberal Groups

Paul A Ebeling Jr — Wed, 15 May 2013 11:57:11 +0000

Obamagate: IRS Leaked Confidential Documents to Liberal Groups The Internal Revenue Service gave confidential documents from conservative groups to the investigative website ProPublica, the website reported Monday ProPublica says after the Y 2012 election it requested documents from 67 organizations, and the IRS sent them information on 31 groups, 9 of groups had not yet [...]

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Angelina Jolie, Genomics in Focus

Paul A Ebeling Jr — Wed, 15 May 2013 11:51:41 +0000

Angelina Jolie, Genomics in Focus MYGN, GHDX Myriad Genetics Inc. NASDAQ: MYGN is seeing a benefit in its share price after actress Angelina Jolie wrote that a genetic test using Myriad’s gene sequencing tested positive for the gene with much higher risks for breast cancer and ovarian cancer. The BRCA1 gene’s positive test led Angelina [...]

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Hillary Clinton is the Real ‘Sideshow’ in Benghazi Scandal

Paul A Ebeling Jr — Wed, 15 May 2013 11:49:02 +0000

Hillary Clinton is the Real ‘Sideshow’ in Benghazi Scandal Claims that Republicans are making too much of the Benghazi affair in an effort to discredit likely Democratic presidential candidate Hillary Clinton are false, former Defense Secretary Donald Rumsfeld said Tuesday. “No, that is the Sideshow, the Hillary Clinton piece of it,” Mr. Rumsfeld said Tuesday [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Tue, 14 May 2013 20:03:24 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +3.80 points higher or +0.11% higher to 3,432.76, taking the year-to-date performance to +8.39%. The FTSE ST Mid Cap Index gained +0.25% while the FTSE ST Small Cap Index gained +0.08%. The top active stocks were GoldenAgri (+5.66%), Singtel (+1.79%), DBS (-0.06%), THBev [...]

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Australia Economy Suffers from Wayne Swan

Shayne Heffernan — Tue, 14 May 2013 19:49:03 +0000

Australia Economy Suffers from Wayne Swan Wayne Swan, Australia’s worst ever treasurer has managed to leave Australia worse off then he started, despite a mining boom and potential riches, Mr Swan’s anti business, xenophobic policies kept the country going backwards. Although the Global economy is in some serious doubt there was room over the past [...]

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Thailand CPN Global Expands to Malaysia

Shayne Heffernan — Tue, 14 May 2013 19:40:50 +0000

I-Bhd and Thai mall specialist CPN Global Company Ltd have entered into a joint venture to build a 1.5 million sq ft mall in I-Bhd’s flagship development i-City with a gross development value of RM580mil. I-Bhd would have a 40% stake via i-City Properties Sdn Bhd (ICP) in the joint venture while CPN would have [...]

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Euro Crisis Remains a Threat

Shayne Heffernan — Tue, 14 May 2013 19:36:59 +0000

Euro Crisis Remains a Threat A majority of European investors believes that the eurozone debt crisis is still a threat to financial markets which are rising strongly despite weak activity in Europe, according to Fitch Ratings agency in a report yesterday. The findings were based on a quarterly survey carried out between April 3 and [...]

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Scomi Group Bhd Upgraded

Shayne Heffernan — Tue, 14 May 2013 19:34:42 +0000

Scomi Group Bhd Upgraded Oil and gas services provider Scomi Group Bhd has secured a contract worth RM98.5mil from Dragon Oil (Turkmenistan) Ltd for the provision of drilling and completion fluids services in Turkmenistan. “This win is certainly testimony of the quality of our products and services to our client. Our drilling and completion fluid [...]

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Iskandar Real Estate News

Shayne Heffernan — Tue, 14 May 2013 19:32:00 +0000

Iskandar Real Estate News MMC Corp Bhd plans to further unlock the value of the company’s massive landbank, in excess of 4,500 acres located in Iskandar Malaysia, by strategically developing the land for industrial customers. Group managing director Datuk Hasni Harun revealed that the company, via subsidiaries, has two large pieces of land in Johor [...]

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MOLPoints Come to Indonesia

Shayne Heffernan — Tue, 14 May 2013 19:27:10 +0000

MOLPoints Come to Indonesia MOL Global Pte Ltd’s Indonesia unit has teamed up with retailer PT Sumber Alfaria Trijaya Tbk to sell MOLPoints online to reach out to Indonesia’s 15 million avid online gamers. MOL said on Tuesday its game vouchers would be available through Sumber Alfaria’s Alfamart and Alfamidi outlets in Indonesia. For MOL, [...]

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Lockheed Martin’s [NYSE: LMT] Today and Tomorrow

Paul A Ebeling Jr — Tue, 14 May 2013 19:20:48 +0000

Lockheed Martin’s [NYSE: LMT] Today and Tomorrow Chief Executive Officer and President Marillyn A. Hewson today made remarks in Arlington, Va. at the Corporation’s fourth annual Media Day. During her presentation, Hewson discussed the Corporation’s collaboration with customers to help them meet their current and future challenges. She also outlined how Lockheed Martin is anticipating [...]

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Dell NASDAQ:DELL to Report Q-1 Profit Below Expectations

Paul A Ebeling Jr — Tue, 14 May 2013 18:49:46 +0000

Dell NASDAQ:DELL to Report Q-1 Profit Below Expectations Dell Inc. plans to report quarterly financial results Thursday that are significantly lower than Wall Street expectations of profit, but higher than expected in revenue. Dell is expected to report revenue of about $14-B, and earnings, excluding some expenses, of 20 cents a share for the company’s [...]

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DXY Rallies After ZEW Survey

Paul A Ebeling Jr — Tue, 14 May 2013 18:44:15 +0000

DXY Rallies After ZEW Survey USD, GBP, EUR, JPY 10-Yr: +02/32..1.917%.. USD/JPY: 101.96.. EUR/USD: 1.2978 The US Dollar Index spent most of the overnight sessions attempting to hold the 83 mark. It was successful and now has launched to test 83.40. Helping drive the move was a weaker than expected ZEW Survey out of Germany [...]

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Obama says, DC Gridlock Is Rush Limbaugh’s Fault

Paul A Ebeling Jr — Tue, 14 May 2013 18:35:21 +0000

Obama says, DC Gridlock Is Rush Limbaugh’s Fault US President Obama told Hollywood donors he expected more co-operation from Republicans after beating them in November. What he did not count on, he added, was the power of Rush Limbaugh. Tuesday morning is was reported that Mr,Obama told a group at the Greenwich Village home of [...]

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There is No Magic Bullet for US Economy

Paul A Ebeling Jr — Tue, 14 May 2013 18:31:10 +0000

There is No Magic Bullet for US Economy BAC Bank of America’s NYSE:BAC CEO Brian Moynihan sees nothing special in the comeback of the American economy, just a slow and steady move that will continue. Mr. Moynihan said in an interview Tuesday thate he still sees lots of caution among the bank’s clients, both business [...]

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The Apple NASDAQ:AAPL App Download Count Approaching 50-B

Paul A Ebeling Jr — Tue, 14 May 2013 08:02:34 +0000

The Apple NASDAQ:AAPL App Download Count Approaching 50-B GOOG, MSFT, BBRY Last week Apple launched a Real-Time counter as downloads from the App Store neared a total of 50-B apps. The company promised a $10,000 gift card to the lucky App’er who downloads the milestone app and $500 gift cards to the next 50 people [...]

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Wall Street Preview

Paul A Ebeling Jr — Tue, 14 May 2013 07:53:59 +0000

Wall Street Preview YUM, PFE, GILD, BIIB Monday after the close these companies reported earnings: SVN, EGL, HIIQ, HMIN, IOC, SCTY, SUMR, TTWO, TRQ, VELT, WX Futures were mixed after hours: S&P 500 futures are -0.04 from fair value of 1630.84 and NAS 100 futures are +1.79 from fair value of 2979.21. Tuesday morning before [...]

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Ferragamo PINK:SFRGF Confirms 2013 Outlook, Q-1 Profit Spikes

Paul A Ebeling Jr — Tue, 14 May 2013 07:53:45 +0000

Ferragamo PINK:SFRGF Confirms 2013 Outlook, Q-1 Profit Spikes Salvatore Ferragamo SpA, MI:SFER reported Q-1 profit that exceeded estimates and confirmed its projection for earnings growth this year on rising sales in the Americas. Earnings before interest, taxes, depreciation and amortization rose 26% to EUR 48-M ($62.3-M), the Florence, Italy-based company said Monday in a statement [...]

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Block and Options Trading Alert: Ford Motor Company NYSE:F

Paul A Ebeling Jr — Tue, 14 May 2013 07:48:25 +0000

Block and Options Trading Alert: Ford Motor Company NYSE:F Profile: Ford Motor Company is a producer of cars and trucks. Its business is divided into 2 sectors: Automotive and Financial Services. Ford Motor Company was founded in Y 1903 and is HQ’d in Dearborn, Michigan. Website: http://www.ford.com Headlines: Why Is Ford Stock Stuck in Neutral? [...]

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Visa NYSE:V Ready for China Market Opening

Paul A Ebeling Jr — Tue, 14 May 2013 07:44:33 +0000

Visa NYSE:V Ready for China Market Opening MC, AXP, DSF Visa Inc, the world’s biggest card payments network, is gearing up to participate in Yuan-denominated business in China, as regulators prepare to release rules facilitating foreign players to enter domestic market possibly as soon as July. Jeff Liao, country manager of Visa Information Systems (Shanghai) [...]

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China Real Estate, Property Market Slows, Panic Subsides

Paul A Ebeling Jr — Tue, 14 May 2013 07:43:28 +0000

China Real Estate, Property Market Slows, Panic Subsides The value of new home purchases in China rose at a slower pace in the first four months with home seekers feeling less panicky in April compared to a hectic March. Sales of new residential properties, excluding government-subsidized affordable housing, jumped 65.2% from a year earlier to [...]

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AUD Appears Fragile Ahead of Budget

Paul A Ebeling Jr — Tue, 14 May 2013 07:41:13 +0000

AUD Appears Fragile Ahead of Budget The Australian Dollar traded just below parity with the USD Tuesday ahead of the government’s 2013-14 budget which is expected to confirm a sharp deterioration in finances. The Australian Dollar was trading at US$0.9986–down from US$0.9994 late Monday. It traded at a fresh 11-month low in New York of [...]

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ASEAN Stock Preview

Shayne Heffernan — Mon, 13 May 2013 20:09:03 +0000

ASEAN Stock Preview Singapore The FTSE Straits Times Index (STI) ended -14.81 points lower or -0.43% lower to 3,428.96, taking the year-to-date performance to +8.27%. The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.40%. The top active stocks were THBEV (+3.97%), Croesus RTr (-4.80%), Kep REIT (+4.70%), [...]

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Target, 50% Upside in Boeing NYSE:BA Stock with 787 Dreamliner

Paul A Ebeling Jr — Mon, 13 May 2013 19:46:22 +0000

Target, 50% Upside in Boeing NYSE:BA Stock with 787 Dreamliner Boeing shares have been held back by its woes surrounding the 787 Dreamliner. But, the stock is still very close to a 52-wk high. Now, 1 analyst is out with a new street-high price target, and the implication is that Boeing could even see a [...]

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Melting Ice Cap Draws China, Japan to Explore for Arctic Riches

Paul A Ebeling Jr — Mon, 13 May 2013 19:40:55 +0000

Melting Ice Cap Draws China, Japan to Explore for Arctic Riches OGZPY Japan, China and South Korea are looking to expand their influence in the Arctic as melting ice offers potentially lucrative access to resources and shipping shortcuts in the region. Asia’s biggest economies are among 14 applicants seeking observer status on the 8-nation Arctic [...]

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Lost F-1 Bet Turns Richard Branson Into Virgin Flight Attendant

Paul A Ebeling Jr — Mon, 13 May 2013 19:35:39 +0000

Lost F-1 Bet Turns Richard Branson Into Virgin Flight Attendant Sunday, Virgin Group founder Richard Branson donned blonde wig, bright red lipstick, and a red skirt after losing a bet on a Formula One race that called for him to dress in drag as a flight attendant. Mr. Branson even shaved his legs to honor [...]

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NYSE NYSE:NYX says, Options Open to Exit Euronext

Paul A Ebeling Jr — Mon, 13 May 2013 19:32:43 +0000

NYSE NYSE:NYX says, Options Open to Exit Euronext ICE, NDAQ NYSE Euronext is considering a dual-track process to either sell or spin off a European stock trading business that’s attracting interest from potential private equity suitors. The Euronext arm is due to be separated after the Big Board operator’s planned $10-B acquisition by IntercontinentalExchange Inc. [...]

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Apple Inc NASDAQ:AAPL Trading Week Ahead

Shayne Heffernan — Mon, 13 May 2013 13:57:25 +0000

Apple Inc NASDAQ:AAPL Trading Week Ahead Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Apple Inc NASDAQ:AAPL is currently 15.3% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing [...]

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Enviro-Serv Inc (OTCMKTS:EVSV) Outlook

Shayne Heffernan — Mon, 13 May 2013 13:39:50 +0000

Enviro-Serv Inc (OTCMKTS:EVSV) Outlook Technical Outlook Short Term: Oversold Intermediate Term: Bullish Bollinger Bands are 97.10% narrower than normal. The narrow width of the bands suggests low volatility as compared to ENVIROSERV INC’s normal range. Therefore, the probability of volatility increasing with a sharp price move higher has increased for the near-term. The bands have [...]

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MetaStock Pro with Thomson Reuters XENITH

Shayne Heffernan — Mon, 13 May 2013 11:49:55 +0000

MetaStock Pro with Thomson Reuters XENITH MetaStock Pro 12 is the highly recommended software for Thomson Reuters XENITH! MetaStock Pro 12 is an award-winning charting and analysis software for realtime traders. Implementing state-of-the art technology, MetaStock Pro leads the way with power tools that provide a level of accuracy and precision that helps you find [...]

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Moody’s Warn on China

Shayne Heffernan — Mon, 13 May 2013 11:29:53 +0000

Moody’s Warn on China China’s shadow banking activities have risen nearly 70 percent over the past two years and now total more than half the size of the world’s second-largest economy, ratings agency Moody’s said Monday. Shadow banking includes private lending, off-balance-sheet vehicles and trusts, and allows borrowers to circumvent banks’ formal underwriting standards, as [...]

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Big Three US Auto Co’s Dump Japan

Shayne Heffernan — Mon, 13 May 2013 11:07:47 +0000

Dozens of car, truck and motorcycle makers will be in attendance at the Tokyo Motor Show later this year, organisers said Monday, but the Big Three US automakers will be skipping it again. The 43rd edition of the event, which is held every two years, is scheduled for November 22 to December 1. General Motors, [...]

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Options Trading Alert: American International Group NYSE:AIG

Paul A Ebeling Jr — Mon, 13 May 2013 10:47:19 +0000

Options Trading Alert: American International Group NYSE:AIG Profile: American International Group is a holding company, through its subsidiaries, is engaged in insurance and insurance related activities in the United States and abroad. The company was founded in 1919 is HQ’d in New York City, NY. Website: http://www.aig.com Headlines: Fannie, Freddie, Zombie http://online.barrons.com/article/SB50001424052748704253204578466950395417708.html?ru=yahoo&mod=yahoobarrons Options Trading Alert [...]

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Hong Kong’s economy grew 2.8% in Q-1 of 2013

Paul A Ebeling Jr — Mon, 13 May 2013 10:34:08 +0000

Hong Kong’s economy grew 2.8% in Q-1 of 2013 Hong Kong’s economy grew 2.8% Y-Y in Q-1 On a seasonally adjusted Q-Q comparison, real GDP expanded by 0.2%. Announcing the figures Friday, government economist Helen Chan said the modest growth was mainly backed by a relatively resilient domestic sector, while the external sector is still [...]

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Yum NYSE:YUM April Same Store Sales Fell 29% in China

Paul A Ebeling Jr — Mon, 13 May 2013 10:30:04 +0000

Yum NYSE:YUM April Same Store Sales Fell 29% in China Yum Brands Inc., the parent company of Taco Bell, Pizza Hut and KFC, said its sales fell 29% at established restaurants in China last month, as a bird-flu scare hit its KFC business. April’s results were in line with Yum’s guidance, the company’s shares fell [...]

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Paul Ebeling on Wall St

Paul A Ebeling Jr — Mon, 13 May 2013 08:56:24 +0000

Earnings are slowing, but this week there is lots of economic for date to make up for the waning pace. Retail sales on Monday, PPI, Production, Capacity, Chicago and Philly PMI, Housing starts, Michigan sentiment. Friday is also options expiration. Added to the economic data there is a good amount of political intrigue in DC [...]

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US Treasury Sold $1.6-B of General Motors NYSE:GM Shares from January to Mid-April

Paul A Ebeling Jr — Sun, 12 May 2013 21:12:42 +0000

US Treasury Sold $1.6-B of General Motors NYSE:GM Shares from January to Mid-April The US Treasury Department Friday said proceeds from the sale of General Motors Co. shares reached about $1.6-B between January and mid-April. In January, the US Treasury said it would steadily sell off its remaining stake in the giant US automaker, which [...]

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ASEAN Market Preview

Shayne Heffernan — Sun, 12 May 2013 18:47:19 +0000

ASEAN Market Preview Malaysia The Strategic Investors’ Association of Malays Malaysia aims to increase liquidity in the stock market by organising the first Malaysia Investment and Stocks Exchange Expo (MISEE). President Norizam Tukiman expects investments to start trickling in following the association’s initiative to encourage active trading on Bursa Malaysia. Post-general election (GE), he expects [...]

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Secrets of the Cannes Call Girls

Paul A Ebeling Jr — Sun, 12 May 2013 11:33:49 +0000

Secrets of the Cannes Call Girls A businessman who was convicted in a Y 2007 prostitution ring bust reveals the Secrets of how models, and even some Hollywood actresses invade the hotels and yacht parties during the Cannes Film fest. Says one escort, it is “the Biggest Payday of the Year.” Lebanese businessman Elie Nahas, [...]

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Obama Attcks the Banks

Shayne Heffernan — Sun, 12 May 2013 11:27:12 +0000

Big Banks Looking to Minimize Collateral Damage STT, BK, JPM Global regulations and changing market dynamics are mandating new, complex requirements for the use of collateral, which are forcing both sell-side and buy-side firms to re-evaluate their need for and use of collateral. Mandatory clearing of OTC derivatives transactions has dealers and swap participants scrambling [...]

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Forex, EUR/USD Tapping at Range Low Under 1.30

Paul A Ebeling Jr — Sun, 12 May 2013 11:24:33 +0000

Forex, EUR/USD Tapping at Range Low Under 1.30 Range low: EUR/USD traded sideways since an early April upswing, and was supported just below 1.30, challenging 1.32 a few times, once breaking above that mark. To the downside, there was a fall to 1.2956, at the end last week’s trading, the EUR/USD cracked 1.30 and is [...]

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Hillary Clinton Directly Responsible for Benghazi Failure

Paul A Ebeling Jr — Sun, 12 May 2013 11:21:34 +0000

Hillary Clinton Directly Responsible for Benghazi Failure Speaking at an event hosted by the Iowa Federation of Republican Women Friday, US Senator Rand Paul, R-KY., said that Hilary Clinton’s alleged failure to prevent the attack on the American consulate in Benghazi should “preclude” her from ever again holding public office again. Sen. Paul says he [...]

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Are Banks Safe?

Paul A Ebeling Jr — Sun, 12 May 2013 11:20:00 +0000

International law enforcement fights rising sophisticated cyber attacks FISV International law enforcement agencies say the recent $45-M ATM heist is one of many scams they are fighting worldwide. Old school robberies by masked bandits are being eclipsed by stealth multimillion dollar cybercrime operations that catch companies and investigators by surprise. “We are seeing an unprecedented [...]

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Bloomberg’s Financial Terminals Leak Confidential Financial Information

Paul A Ebeling Jr — Sun, 12 May 2013 11:17:41 +0000

Bloomberg’s Financial Terminals Leak Confidential Financial Information GS, NYT Users of the Bloomberg’s financial terminals are investigating potential leaks of confidential information, When Bloomberg LP’s CEO Daniel Doctoroff learned of this he said that the company had made a “mistake” by giving journalists access to data on clients’ terminal usage. The financial information and news [...]

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The S&P 500 Is Overbought in Here

Paul A Ebeling Jr — Sun, 12 May 2013 11:10:47 +0000

The S&P 500 Is Overbought in Here Last week looking at the monthly slow Stochastic Oscillator readings for the S&P 500 showed readings of 99.67 and 98.50. This is the highest these readings have been during the past 25 yrs. The slow stochastic indicator, it is a 2 part indicator that measures overbought and oversold [...]

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This Week’s Investor Focus

Paul A Ebeling Jr — Sun, 12 May 2013 11:09:54 +0000

This Week’s Investor Focus; Largest US Retailers Report, Pricing, Consumer Data M. JCP, WMT, JWN, KSS, DE, A, CSCO, IHG, JPM This week’s investors will focus on Quarterly reports from some of the largest US retailers. Macy’s Inc. NYSE:M report Wednesday, followed by Wal-Mart Stores Inc. NYSE:WMT and, JC Penney Co. NYSE:JCP on Thursday. Also [...]

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USD Has 2nd Straight Day of Strength

Shayne Heffernan — Sun, 12 May 2013 10:58:43 +0000

USD Has 2nd Straight Day of Strength EUR, USD, JPY DJIA +35.87 at 15118.49 , NAS +27.41 at 3436.58 , S&P 500 +7.03 at 1633.7 In the foreign exchange market Friday, the US Dollar Index has fallen from its best levels of the session, but still holds solid gains near 83.10. Early buying ran the [...]

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JP Morgan’s NYSE;JPM Lead Director Against Split of Chairman, CEO Roles

Paul A Ebeling Jr — Sun, 12 May 2013 10:56:12 +0000

JP Morgan’s NYSE;JPM Lead Director Against Split of Chairman, CEO Roles The lead director of JP Morgan Chase & Co.’s board Friday told critics who are looking to unseat board members and split the roles of Chairman and CEO in response to last year’s “London Whale” trading debacle. Lee Raymond, the presiding director on the [...]

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Gossip in Hollywood, Brittany Palmer, Liv Tyler

Gossip in Hollywood — Sun, 12 May 2013 10:46:31 +0000

Gossip in Hollywood, Brittany Palmer, Liv Tyler Sexy UFC Girl Britney Palmer Sexy Britney Palmer is hands-down one of the hottest UFC ring girls you’ve ever seen. Nothing tempers the brutality of an MMA fight better than Sexy Britney Palmer’s smiling face. An accomplished artist, spokes model, host, and dancer, Brittney Palmer is a modern [...]

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Michael Dell Must Go

Paul A Ebeling Jr — Sun, 12 May 2013 10:34:47 +0000

Michael Dell Must Go Carl Icahn, My Dell Board Would Remove Michael Dell DELL A Dell Inc. NASDAQ:DELL board of Carl Icahn’s candidates would remove Chairman and Chief Executive Michael Dell, the activist investor said. “If our board is elected, he’s not going to be running the company. I can guarantee that 100%,” Mr. Icahn [...]

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Free Poker Odds Calculator

Shayne Heffernan — Fri, 10 May 2013 23:59:21 +0000

Poker Odds Calculator The Poker Odds Calculator is industry leading poker software that will improve your game by utilizing hand probabilities, win odds, pot odds and opposition patterns to give you the best possible chance to win. This tool also has a hand replayer built-in to help you analyze your game and become a [...]

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US Fed Officials Debate QE’s Effect on Jobs Market

Paul A Ebeling Jr — Fri, 10 May 2013 17:44:51 +0000

US Fed Officials Debate QE’s Effect on Jobs Market Just a week after US Federal Reserve policymakers endorsed a plan to keep buying bonds to boost economic growth and hiring, they are now airing their differences over their easy money policy. “I think we should try as hard as we can” to turn things around, [...]

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Australian Dollar Falls Below $1.00

Paul A Ebeling Jr — Fri, 10 May 2013 17:42:24 +0000

Australian Dollar Falls Below $1.00 The Australian dollar plunged to its lowest level in more than 10 months on concern about the outlook for the country’s economy. The fall Friday extended the Australian dollar’s 3.2% fall against the USD over the past week, outpacing even the fall seen in the Japanese Yen, which slipped below [...]

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iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) Trading Preview

Shayne Heffernan — Fri, 10 May 2013 13:32:24 +0000

iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) Trading Preview Bollinger Bands are 49.24% narrower than normal. The narrow width of the bands suggests low volatility as compared to BCL IPTS&P500 ST’s normal range. Therefore, the probability of volatility increasing with a sharp price move higher has increased for the near-term. The bands [...]

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AUD/USD to Test Parity

Shayne Heffernan — Fri, 10 May 2013 13:20:01 +0000

AUD/USD to Test Parity AUD/USD intraday: the downside prevails. Pivot: 1.0095 Our preference: Short positions below 1.0095 with targets @ 0.997 & 0.992 in extension. Alternative scenario: Above 1.0095 look for further upside with 1.015 & 1.0195 as targets. Comment: the break below 1.0095 is a negative signal that has opened a path to 0.997. [...]

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USD/CAD to Bounce

Shayne Heffernan — Fri, 10 May 2013 13:19:08 +0000

USD/CAD to Bounce USD/CAD intraday: bullish bias above 1.006. Pivot: 1.006 Our preference: Long positions above 1.006 with targets @ 1.01 & 1.0115 in extension. Alternative scenario: Below 1.006 look for further downside with 1.004 & 1.0015 as targets. Comment: the break above 1.006 is a positive signal that has opened a path to 1.01. [...]

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GBP/USD May Test 1.53

Shayne Heffernan — Fri, 10 May 2013 13:17:18 +0000

GBP/USD May Test 1.53 GBP/USD intraday: under pressure. Pivot: 1.5455 Our preference: Short positions below 1.5455 with targets @ 1.537 & 1.5335 in extension. Alternative scenario: Above 1.5455 look for further upside with 1.549 & 1.5515 as targets. Comment: the pair stands below its new resistance and remains on the downside, the RSI is badly [...]

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EUR/USD Headed Lower

Shayne Heffernan — Fri, 10 May 2013 13:16:31 +0000

EUR/USD Headed Lower EUR/USD intraday: under pressure. Pivot: 1.305 Our preference: Short positions below 1.305 with targets @ 1.295 & 1.2915 in extension. Alternative scenario: Above 1.305 look for further upside with 1.308 & 1.311 as targets. Comment: the pair has validated a bearish flag and should face further weakness as the RSI is badly [...]

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Change Your Life, Become a Professional Trader

Shayne Heffernan — Fri, 10 May 2013 10:55:53 +0000

Change Your Life, Become a Professional Trader Live on the beach, travel where ever you want, never have to worry about reporting in to the office, more than a dream it is a reality for many. While I am involved on a variety of business activities there is only one that delivers freedom of choice [...]

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Dubai Emirates Airline annual profit + 52%

Paul A Ebeling Jr — Fri, 10 May 2013 10:36:32 +0000

Dubai Emirates Airline annual profit + 52% Dubai-based carrier Emirates Airline in F-Y 2012-2013 achieved a net profit of 2.283-B Dirham (US$622-M), representing a 52-percent increase year on year, local media reported Thursday. In its annual report, the airline said it benefited from ample demand on most of its routes and the opening of the [...]

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Japan Drunk With Cash

Paul A Ebeling Jr — Fri, 10 May 2013 10:23:45 +0000

Japan Drunk With Cash Official figures released Friday showed bank lending rose 2.1% in April from a year earlier, the largest percentage gain since July 2009. Separate data showed the country’s current account, the broadest measure of trade with the rest of the world, stood at JPY1.25-T ($12.4-B) in March before seasonal adjustment. The robust [...]

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Options Trade Alert: Tesla Motors NASDAQ:TSLA Over Charged

Paul A Ebeling Jr — Fri, 10 May 2013 10:20:26 +0000

Options Trade Alert: Tesla Motors NASDAQ:TSLA Over Charged Profile: Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components, and sells electric powertrain components to other automotive manufacturers. It markets and sells its vehicles through Tesla [...]

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China Auto’s Sell, Economy in Doubt

Paul A Ebeling Jr — Fri, 10 May 2013 10:14:11 +0000

China Auto’s Sell, Economy in Doubt of China-made automobiles continued to post strong growth in April, although economic prospects remained blurred in the world’s second-largest economy, an industry report showed Thursday. A total of 1.84-M vehicles were sold last month in China, a rise of 13.38% compared to a year ago, said the China Association [...]

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Malaysia maintains interest rate at 3%

Paul A Ebeling Jr — Fri, 10 May 2013 10:03:48 +0000

Malaysia maintains interest rate at 3% Malaysian central bank decided to keep the interest rate at 3% Thursday, saying the current stance of monetary policy is “appropriate given the outlook for inflation and growth.” The Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3%, the central bank said in a [...]

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Global Money Printing Hurts China

Paul A Ebeling Jr — Fri, 10 May 2013 10:02:32 +0000

The excess global liquidity and subsequent capital arbitrage in the Chinese market have pushed up the USD/CNY to new highs in recent trading, analysts said. The central parity rate of the USD/CNY strengthened 55 basis points to a record high of 6.1925 Vs the USD on Thursday, after it advanced 103 basis points in the [...]

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Air Lease NYSE:AL Reports, Q-1 Net + 49% on Higher Revenue

Paul A Ebeling Jr — Fri, 10 May 2013 09:56:50 +0000

Air Lease NYSE:AL Reports, Q-1 Net + 49% on Higher Revenue BA Air Lease Corp.’s Q-1 earnings rose 49% as the jet-leasing company recorded higher revenue from the rental of flight equipment. Shares fell 11% after hours to $27.20, as the company’s earnings met analyst expectations, but revenue fell short. Through the close, the stock [...]

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Wall Street Preview

Paul A Ebeling Jr — Fri, 10 May 2013 09:55:52 +0000

Wall Street Preview .VIX, IBB, FRED, TJX, PCP, XLU Thursday after the close these companies reported earnings: BBOX, BEBE, BRKS, NGVC, ABCO, SREV, ASYS, UBNT, UEPS, RICK, DIOD, ECPG, INWK, NVDA, TNGO, LLNW, MDRX, WAGE, ET, PSA, WIFI, SF, PCLN, AGO, DAR, MBI, PANL, AIRM, AL, APEI, BID, GXP, MDVN, NNI, OPTR, PCMI, RNDY, SLXP, [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Thu, 09 May 2013 19:32:36 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +19.76 points higher or +0.58% higher to 3,432.78, taking the year-to-date performance to +8.39%. The FTSE ST Mid Cap Index gained +0.31% while the FTSE ST Small Cap Index gained +0.28%. The top active stocks were DBS (unchanged), Kep Corp (+1.14%), Singtel (+2.08%), [...]

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Apple Inc. (AAPL) What’s Next?

Shayne Heffernan — Thu, 09 May 2013 12:33:30 +0000

Apple Inc. (NASDAQ:AAPL) What’s Next? The next Apple Worldwide Developers Conference (WWDC) could mark 230 days since the company’s last keynote event – but what should people expect to come out of the Keynote on June 10? Apple CEO Tim Cook has been unusually open about plans for the future. He told analysts that they [...]

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China Inflation Sparks Concern, Markets Fall

Shayne Heffernan — Thu, 09 May 2013 10:42:10 +0000

World stock markets were mostly lower Thursday as investors weighed an interest rate cut in South Korea against rising inflation in China. South Korea’s Kospi index jumped 1.2 percent to 1,979.45 after the Bank of Korea lowered its benchmark interest rate for the first time in seven months. In announcing that it was lowering the [...]

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Standard Chartered Earnings Dive

Shayne Heffernan — Thu, 09 May 2013 09:57:17 +0000

Standard Chartered Earnings Dive Standard Chartered (2888) said profit for the first-quarter was “slightly down” on year due to increased expenses and moderate growth. The London-based, Asia-focused lender said weak performances in Korea and Singapore offset double-digit income growth in Hong Kong and Africa, while group expenses grew by a “low single digit percentage.’’ Consumer [...]

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Euro Crisis Unemployment Skyrockets

Shayne Heffernan — Thu, 09 May 2013 09:51:42 +0000

Euro Crisis Unemployment Skyrockets Unemployment in indebted Greece climbed to 27 percent of the workforce in February compared with 26.7 percent a month earlier, the state statistics agency said. The number of unemployed swelled to 1.32 million, while 3.56m were registered as employed. The highest rate was registered for youths aged 15-24, at 64.2 percent. [...]

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USD/CHF Headed to 93

Shayne Heffernan — Thu, 09 May 2013 08:10:58 +0000

USD/CHF intraday: the downside prevails. Pivot: 0.9375. Our preference: SHORT positions below 0.9375 with 0.933 & 0.9305 in sight. Alternative scenario: The upside penetration of 0.9375 will call for 0.94 & 0.9435. Comment: the pair has broken below a rising trend line and remains under pressure. Opinion published is an intraday view. Green Lines Represent [...]

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AUD/USD Improving

Shayne Heffernan — Thu, 09 May 2013 08:10:02 +0000

AUD/USD intraday: the upside prevails. Pivot: 1.019 Our preference: Long positions above 1.019 with targets @ 1.0255 & 1.029 in extension. Alternative scenario: Below 1.019 look for further downside with 1.015 & 1.011 as targets. Comment: the next resistances are at 1.0255 and then at 1.029. Opinion published is an intraday view. Green Lines Represent [...]

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USD/JPY Begins Reverse

Shayne Heffernan — Thu, 09 May 2013 08:08:44 +0000

USD/JPY Begins Reverse USD/JPY intraday: capped by a negative trend line. Pivot: 99.10. Our preference: SHORT positions below 99.1 with 98.6 & 98.4 as next targets. Alternative scenario: The upside penetration of 99.1 will call for 99.5 & 99.75. Comment: the pair is capped by a declining trend line and is challenging its support. Opinion [...]

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USD/CAD Moving Lower

Shayne Heffernan — Thu, 09 May 2013 08:07:34 +0000

USD/CAD Moving Lower USD/CAD intraday: the downside prevails. Pivot: 1.004 Our preference: Short @ 1.003 with targets @ 0.9995 & 0.998 in extension. Alternative scenario: Above 1.004 look for further upside with 1.008 & 1.01 as targets. Comment: the pair is trading in a bearish channel and the RSI is capped by a declining trend [...]

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EUR/USD Trading

Shayne Heffernan — Thu, 09 May 2013 08:06:26 +0000

EUR/USD Trading EUR/USD intraday: the bias remains bullish. Pivot: 1.3100. Our preference: LONG positions above 1.31 with 1.3215 & 1.324 in sight. Alternative scenario: The downside penetration of 1.31 will call for 1.305 & 1.302. Comment: the pair has broken above a declining trend line and remains on the upside, the RSI stands above its [...]

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GBP/USD Heads to 1.56

Shayne Heffernan — Thu, 09 May 2013 08:06:02 +0000

GBP/USD Heads to 1.56 GBP/USD intraday: the bias remains bullish. Pivot: 1.5490. Our preference: LONG positions above 1.549 with 1.5565 & 1.56 in sight. Alternative scenario: The downside penetration of 1.549 will call for a slide towards 1.545 & 1.5415. Comment: the pair has broken above its declining trend line and is facing a pull [...]

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China EU Trade War Looms

Paul A Ebeling Jr — Thu, 09 May 2013 07:50:26 +0000

Anti-dumping duties against China to harm EU solar markets Over 450 companies in the European solar industry Wednesday voiced strong opposition to a potential decision by the European Commission to impose provisional anti-dumping duties on imports of Chinese solar panels. The statement was made amid a number of media reports in recent days that the [...]

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Alibaba Profits Rise 171% in Q-4

Paul A Ebeling Jr — Thu, 09 May 2013 07:48:47 +0000

Alibaba Profits Rise 171% in Q-4 TCEHY, TCTZF, YHOO, MS, SINA Alibaba Group Holding Ltd, China’s biggest e-Commerce company, has overtaken Tencent Holdings Ltd PINK: TCEHY, TCTZFto become the China’s most profitable Internet company after its net profit nearly tripled in Q-4 from a year earlier. Analysts said the rapidly growing profit may help privately [...]

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ING NYSE: ING Reports, profits double in Q-1

Paul A Ebeling Jr — Thu, 09 May 2013 07:48:05 +0000

ING NYSE: ING Reports, profits double in Q-1 ING had a higher profit in Q-1 of Y 2013 compared to a year earlier, the Dutch bank and insurer reported Wednesday. Underlying net profits rose to EUR 800-M (US$1-B) from EUR 579-M a year earlier. The total net profit increased to EUR 1.8-B, compared to EUR [...]

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Costco NASDAQ:COST and Other US Chain Stores Report Retail Sales for April Thursday

Paul A Ebeling Jr — Thu, 09 May 2013 07:45:59 +0000

Costco NASDAQ:COST and Other US Chain Stores Report Retail Sales for April Thursday JCP, COST, PSMT, SMRT, SHLD, WMT Same-store retail sales from many of the USA’s largest chains are scheduled to report Thursday. Sales in February and March rose just 2% and 1.4%, respectively, so the most recent projection from Retail Metrics that sales [...]

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Wall Street Preview

Paul A Ebeling Jr — Thu, 09 May 2013 07:39:36 +0000

Wall Street Preview RIO, SLX, GOOG, AAPL, IBM, CTB, DF Wednesday after the close these companies reported earnings: SUPX, QTM, VRTU, CTRP, GCOM, GMCR, MTRX, NWSA, OSUR, SGMO, SWM, ATVI, AVNR, CENT, ETM, AFG, GIVN, LPSN, RAX, CTL, CUZ, CXW, INWK, JCOM, TTGT, CF, MM, DEPO, ETE, ETP, FLTX, MHLD, PPO, PVA, RGP, SXL, SZYM, [...]

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Green Mountain NASDAQ:GMCR Profit + 42% on Stronger Sales, Profit Margins

Paul A Ebeling Jr — Thu, 09 May 2013 07:36:55 +0000

Green Mountain NASDAQ:GMCR Profit + 42% on Stronger Sales, Profit Margins SBUX Green Mountain Coffee Roasters Inc.’s F Q-2 earnings rose 42% from stronger sales of its Keurig single-serve coffee packs and lower Green Coffee costs lifted margins. Green Mountain, known for its Keurig single-serve brewers, is reorganizing its business under new leadership to improve [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Wed, 08 May 2013 20:02:23 +0000

Thailand Tevin Vongvanich, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that the company’s investment feasibility study has been underway in Papua New Guinea. He stated that the plan was conceived to help Thailand achieve energy security in the future when local demand is expected to surpass domestic [...]

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Thailand Red Shirt protests, seeking removal of charter court judges

Paul A Ebeling Jr — Wed, 08 May 2013 19:52:00 +0000

Thai Red Shirt protests, seeking removal of charter court judges Pro-government “Red-shirt” protesters Wednesday demonstrated in front of the parliament and the Constitutional Court as they demanded the removal of charter court judges. A few thousands of protesters led by the Radio Broadcasters for Democracy, a faction of the anti-establishment and pro-government red-shirt movement, demonstrated [...]

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AirAsia X IPO

Shayne Heffernan — Wed, 08 May 2013 19:46:24 +0000

AirAsia X IPO AirAsia X said the total IPO offering will involve up to 790.12 million shares of 15 sen each comprising of 538.01 million shares for institutions and 252.11 million shares for retail investors. The institutional offering of up to 538.01 million shares would comprise of up to 197.53 million offer shares and 79.74 [...]

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Asia FX Peso and Baht Rally

Shayne Heffernan — Wed, 08 May 2013 19:39:27 +0000

In the Philippines the peso inched up on Wednesday as reports of growing Chinese exports and imports lifted outlook on emerging economies. The local currency closed at 40.835 against the US dollar, up by 3.5 centavos from Tuesday’s finish of 40.87:$1. Intraday high hit 40.81:$1, while intraday low settled at 40.86:$. Volume of trade amounted [...]

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Early Redemption of Chesapeake NYSE:CHK Debt Approved

Paul A Ebeling Jr — Wed, 08 May 2013 19:29:01 +0000

Early Redemption of Chesapeake NYSE:CHK Debt Approved XOM, Chesapeake Energy Corp. said a judge has allowed the Nat Gas company to buy back $1.3-B of senior notes maturing in Y 2019 at face value, over the protest of a group of bondholders. In March, the group said Chesapeake failed to give proper notice to buy [...]

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China’s Ocean Development Report (2013)

Shayne Heffernan — Wed, 08 May 2013 19:19:38 +0000

A government report released on Wednesday emphasized maritime security in safeguarding China’s national security. The threats currently facing China mainly come from the sea, according to “China’s Ocean Development Report (2013),” which was released by the China Institute for Marine Affairs under the State Oceanic Administration, Xinhua news agency reports. “Since 2012, the most direct [...]

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Sterling Up Ahead of Thursday’s BOE Decision

Paul A Ebeling Jr — Wed, 08 May 2013 19:05:23 +0000

Sterling Up Ahead of Thursday’s BOE Decision 10-Yr: +06/32..1.763%.. USD/JPY: 98.86.. EUR/USD: 1.3161 The US Dollar Index fell to 81.70 early in the US session, but has managed to regain near-term support in the 81.80 region as trade presses 81.90. EUR/USD is +85 pips at 1.3165 as trade tests the 100-day moving average. The single [...]

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Malaysia: 50,000 Rally Against Illegal Voters, Bogus Ballots

Shayne Heffernan — Wed, 08 May 2013 18:28:35 +0000

Malaysia: 50,000 Rally Against Illegal Voters, Bogus Ballots Opposition leader Anwar Ibrahim’s three-party alliance believes the National Front coalition used illegal voters, bogus ballots and other irregularities in May 5 national polls to extend its 56 years of rule. Prime Minister Najib Razak has rejected the accusations and maintained that the elections were free and [...]

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Sir Alex Ferguson Dumps Manchester United NYSE:MANU

Shayne Heffernan — Wed, 08 May 2013 16:59:31 +0000

Sir Alex Ferguson Dumps Manchester United NYSE:MANU NYSE:MANU valued at $3 billion, has gained nearly 35% since its New York IPO in August 2012, easily outperforming the benchmark S&P 500 index. Sir Alex Ferguson’ departure has hit the stock and it dropped much as 5.5% Wednesday before trimming their losses later in the session. Institutional [...]

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Golden Spike ‘s human lunar expedition architecture

Shayne Heffernan — Wed, 08 May 2013 16:08:32 +0000

Northrop Grumman Completes Lunar Lander Study for Golden Spike Company Study identifies a new minimalist ascent pod lunar lander concept Northrop Grumman Corporation (NYSE: NOC) has completed a feasibility study for a new commercial lunar lander for the Golden Spike Company (GSC). The study confirmed the viability of lander concepts for Golden Spike ‘s human [...]

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Korean Won to Fall as South Korea Maintains Currency War

Paul A Ebeling Jr — Wed, 08 May 2013 14:14:19 +0000

Korean Won to Fall as South Korea Maintains Currency War South Korea’s money supply has continued to grow due to the central bank’s accommodative monetary policy, data showed Wednesday. The country’s M2, or broad money, rose 0.5% from a month earlier to a seasonally-adjusted 1,862.1-T Won (US$1.71-T) in March after increasing 0.7 percent in the [...]

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Whole Foods NASDAQ:WFM, Reports, Raises Outlook, Announces Stock Split

Paul A Ebeling Jr — Wed, 08 May 2013 13:19:47 +0000

Whole Foods NASDAQ:WFM, Reports, Raises Outlook, Announces Stock Split Whole Foods Market Inc.’s F Q-2 profit rose 20% as the supermarket chain reported a jump in sales, while also announcing a 2 for 1 stock split. Shares rose 8.7% to 100.90 in recent after-hours trading as earnings beat Wall Street estimates and its profit margin [...]

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Disney NYSE:DIS Reports, Net Up 32% on Movie Results

Paul A Ebeling Jr — Wed, 08 May 2013 13:16:49 +0000

Disney NYSE:DIS Reports, Net Up 32% on Movie Results Walt Disney Co.’s F-Q-2 profit rose a better-than-expected 32% as the media giant’s movie-studio division swung to a profit and its parks and resorts business showed strong growth. After Disney completed its purchase of Lucasfilm Ltd. for $4-B in December, it has moved to capitalize on [...]

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