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Stocks looking up thanks to jobs report

Submitted by Some Random Trader on Thu, 09/02/2010 - 13:43

Thursday finally saw a rise in stocks related to the upcoming delivery of a new jobs report.

The Dow gained 50 points, S&P 9 points, and Nasdaq saw a 23 point rise.  The stocks were aided by high sales by U.S. retailers, increased home sales, and a moderate decrease in initial claims for unemployment benefits.

Peter Cardillo, chief market economist at Avalon Partners, noted that these gains might indicate a rally after Labor Day.  

EUR/USD Daily Channel Break

Submitted by birdman on Wed, 08/18/2010 - 15:35
birdman's Chart
Question/Comment: 
Notice the parallel channel break ... look for a retracement forming now and a bounce back down to test the previous swing lows.

Parallel Channel Basics

Submitted by birdman on Thu, 08/05/2010 - 00:01
birdman's Chart
Question/Comment: 
Once points 2 and 3 are formed, you can draw a parallel trendline starting at 1 and extending right. This sets up a buying opportunity at point 4.

Yen On The Rise

Submitted by Benq on Wed, 08/04/2010 - 21:45

The yen is rising due to the USD's stark decline since economic data began to weaken in June.  The dollar last fell due to Federal Reserve officials considering a round of asset purchases to combat the lack of spending of penniless states.  This has left investors unsure of the U.S. economy's recovery and, consequently, the 10-year Treasury note yields just 3%, still a major increase over the 2-year note that now yields it's lowest percentage ever, just 0.5%. 

It's Not Time to Buy Exxon

Submitted by Benq on Thu, 07/29/2010 - 08:39

Thanks to rising oil prices, the oil corp. Exxon Mobil (XOM) has surged in profit as of late.  It has reported $1.60 per share increase in the second quarter, almost twice as it did last quarter.

As Consumer Confidence Falls, So Do Stock Prices

Submitted by Benq on Tue, 07/27/2010 - 11:05

(from CnnMoney.com)

Trendline Buy Setup

Submitted by birdman on Sat, 07/24/2010 - 05:56
birdman's Chart
Question/Comment: 
After points 2 and 3 show up, you can draw a parallel trendline starting at point 1 and extending right. This sets up a buy opportunity at the arrow with high potential and low risk.

Windows in High Demand, Spurs Microsoft Stock

Submitted by Benq on Thu, 07/22/2010 - 16:16

Thursday Microsoft (MSFT) reported large gains on most of its primary product lines.  

The boost in sales is thanks to Windows 7 and an improving PC market.  Net income rose to $4.5 billion (up 48%) in its fiscal fourth-quarter.  The software giant's per-share earnings were 5 cents higher than forecast, at 51 cents compared to the 46 cents per share predicted.

Microsoft plunge

Submitted by birdman on Wed, 07/21/2010 - 11:13
birdman's Chart
Question/Comment: 
Will MSFT bounce down off the MA or bust through it this time?

Aussie Dollar Doing Well

Submitted by Benq on Tue, 07/20/2010 - 10:50
AUD to USD
AUD to USD

The Australian dollar has done well recently due to speculation that the Reserve Bank of Australia would soon raise interest rates.

This increase was also fueled by a higher demand for commodity-linked currencies, thanks to gains in Chinese stocks.

Money markets had forecast a slim chance of a rate rise by December, but the RBA's indication that the bank would raise rates spurred a new forecast of a higher rate rise.

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