Tuesday Gold -0.86 DOW +86.90 NAS +18.16 USD -0.143 CRB +5.23 S&P +10.34

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E X T R E M E M A R K E T C O M M E N T A R Y
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The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

The June NASDAQ 100 closed higher on Tuesday due to short covering as it consolidated some of Monday's decline. The mid-
range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought and are turning
bearish signaling that a short-term top might be in or is near. If June extends Monday's decline, the 20-day moving average
crossing at 1176.80 is the next downside target. Closes below the 20-day moving average crossing at 1176.80 would confirm
that a short-term top has been posted. First resistance is last Thursday's high crossing at 1281.75. Second resistance is
February's high crossing at 1285.25. First support is Monday's low crossing at 1203.50. Second support is the 20-day moving
average crossing at 1176.80.

The June S&P 500 index closed higher on Tuesday due to short covering as it consolidated some of Monday's decline. The mid-
range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought and are turning
bearish signaling that sideways to lower prices are possible near-term. If June extends Monday's decline, the 20-day moving
average crossing at 760.09 is the next downside target. Closes below the 20-day moving average crossing at 760.09 would
confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at 830.50. Second resistance is
the reaction high crossing at 833.20. First support is Monday's low crossing at 775.70. Second support is the 20-day moving
average crossing at 760.09.

The Dow closed higher on Tuesday due to short covering as it consolidated some of Monday's decline. The mid-range close sets
the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bearish signaling that sideways to lower
prices are possible near-term. If the Dow extends Monday's decline, the 20-day moving average crossing at 7288 is the next
downside target. Closes below the 20-day moving average crossing at 7288 would confirm that a short-term top has been
posted. First resistance is last Thursday's high crossing at 7931. Second resistance is the reaction high crossing at 7970. First
support is Monday's low crossing at 7437. Second support is the 20-day moving average crossing at 7288.

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INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June T-bonds closed up 24/32's at 129-23.

June T-bonds closed higher on Monday as it extended the rebound off last week's low. The high-range close sets the stage for a
steady to higher opening on Wednesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices
are possible near-term. If June extends the rally off last week's low, the reaction high crossing at 132-18 is the next upside
target. Closes below the 20-day moving average crossing at 127-09 would confirm that a short-term top has been posted. First
resistance is the reaction high crossing at 132-18. Second resistance is the reaction high crossing at 136-17. First support is the
10-day moving average crossing at 128-28. Second support is the 20-day moving average crossing at 127-09.
ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

May crude oil closed higher on Tuesday due to short covering but remains below the 20-day moving average crossing at 49.53.
The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish
signaling that sideways to lower prices are possible near-term. If May extends Monday's decline, the reaction low crossing at
43.74 is the next downside target. Closes above the 10-day moving average crossing at 51.78 would temper the near-term
bearish outlook. First resistance is Monday's high crossing at 52.25. Second resistance is last Thursday's high crossing at
54.66. First support is today's low crossing at 47.77. Second support is the reaction low crossing at 43.74.

May heating oil closed higher due to short covering on Tuesday as it consolidated some of Monday's decline but remains below
the 10-day moving average crossing at 141.69. The mid-range close sets the stage for a steady opening on Wednesday.
Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day
moving average crossing at 131.81 would confirm that a short-term top has been posted. If May renews this month's rally, the
reaction high crossing at 154.67 is the next upside target. First resistance is the 10-day moving average crossing at 141.69.
Second resistance is last Thursday's high crossing at 150.50. First support is today's low crossing at 132.28. Second support is
the 20-day moving average crossing at 131.81.

May unleaded gas closed higher on Tuesday due to short covering as it consolidated some of Monday's decline. The high-range
close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI have turned bearish signaling that
sideways to lower prices are possible near-term. If May extends this week's decline, the reaction low crossing at 125.61 is the
next downside target. Closes above the 10-day moving average crossing at 147.10 would temper the near-term bearish outlook.
First resistance is Monday's high crossing at 149.00. Second resistance is last Thursday's high crossing at 153.72. First
support is today's low crossing at 135.95. Second support is the reaction low crossing at 125.61.

May Henry natural closed higher on Tuesday due to short covering as it consolidates some of last Friday's decline. The high-
range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If May extends this year's decline, monthly support crossing at 3.390 is the
next downside target. Closes above the 10-day moving average crossing at 4.082 would confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at 4.082. Second resistance is the reaction high crossing at 4.380.
First support is today's low crossing at 3.634. Second support is monthly support crossing at 3.390.
CURRENCIES

The June Dollar closed lower on Tuesday due to profit taking as it consolidates some of Monday's rally but remains above the
10-day moving average. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are
bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, the 20-day moving
average crossing at 86.71 is the next upside target. Closes above the 20-day moving average crossing at 86.71 would confirm
that a short-term low has been posted. Closes below the weekly uptrend line crossing near 83.00 would confirm that a major top
in the Dollar has been posted while opening the door for a larger-degree decline this spring. First resistance is Monday's high
crossing at 86.61. Second resistance is the 20-day moving average crossing at 86.71. First support is the 10-day moving
average crossing at 84.79. Second support is the reaction low crossing at 83.14.

The June Euro closed higher due to short covering on Tuesday as it consolidates some of Monday's decline but remains below
the 10-day moving average. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and
the RSI remain bearish signaling that sideways to lower prices are possible near-term. If June extends Monday's decline, the 20-
day moving average crossing at 131.150 is the next downside target. Closes below the 20-day moving average crossing at
131.150 would confirm that a short-term top has been posted. Closes above the 10-day moving average crossing at 134.614
would temper the near-term bearish outlook in the market. First resistance is the 10-day moving average crossing at 134.614.
Second resistance is the reaction high crossing at 137.370. First support is the 20-day moving average crossing at 131.150.
Second support is Monday's low crossing at 131.140.

The June British Pound closed higher due to short covering on Tuesday as it consolidates some of Monday's decline. The high-
range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bearish signaling that
sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.4203 are needed to
confirm that a short-term top has been posted. Closes above the 10-day moving average crossing at 1.4429 would temper the
near-term bearish outlook. First resistance is the 10-day moving average crossing at 1.4429. Second resistance is last Tuesday's
high crossing at 1.4782. First support is the 20-day moving average crossing at 1.4203. Second support is Monday's low
crossing at 1.4112.

The June Swiss Franc closed higher on Tuesday due to short covering as it consolidates some of Monday's decline but remains
below the 10-day moving average crossing at .8843. The high-range close sets the stage for a steady to higher opening on
Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below
the 20-day moving average crossing at .8698 are needed to confirm that a short-term top has been posted. Closes above the 10-
day moving average crossing at .8843 would temper the near-term bearish outlook. First resistance is the 10-day moving
average crossing at .8843. Second resistance is the reaction high crossing at .8980. First support is the 20-day moving average
crossing at .8698. Second support is Monday's low crossing at .8672.

The June Canadian Dollar closed higher due to short covering on Tuesday as it consolidates some of Monday's decline. The
low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signaling
that sideways to lower prices are possible near-term. If June extends Monday's decline, the reaction low crossing at 78.48 is the
next downside target. Closes above the Monday's high crossing at 80.84 would temper the near-term bearish outlook in the
market. First resistance is the 10-day moving average crossing at 80.68. Second resistance is the reaction high crossing at
82.09. First support is today's low crossing at 79.08. Second support is the reaction low crossing at 78.48.

The June Japanese Yen closed lower on Tuesday and extended last week's decline. The low-range close sets the stage for a
steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower
prices are possible near-term. If June extends today's decline, the reaction low crossing at .10054 is the next downside target.
Closes above the reaction high crossing at .10435 would temper the near-term bearish outlook. First resistance is Monday's
high crossing at .10435. Second resistance is the reaction high crossing at .10474. First support is today's low crossing at
.10074. Second support is the reaction low crossing at .10054.

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PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

April gold closed higher due to short covering on Tuesday as it consolidates some of Monday's decline. The mid-range close
sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bearish signaling that sideways to lower
prices are possible near-term. Closes below the reaction low crossing at 882.70 would renew the decline off February's high. If
April renews this month's rally, February's high crossing at 1007.70 is the next upside target. First resistance is today's high
crossing at 924.50. Second resistance is the reaction high crossing at 967.80. First support is Monday's low crossing at 908.60.
Second support is this month's low crossing at 882.70.

May silver closed lower on Tuesday as it extends Monday's decline. The mid-range close sets the stage for a steady to lower
opening on Wednesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term.
Closes below last Wednesday's low crossing at 12.955 would confirm that a short-term top has been posted. If May renews this
month's rally, February's high crossing at 14.635 is the next upside target. First resistance is last Monday's high crossing at
13.885. Second resistance is February's high crossing at 14.635. First support is today's low crossing at 12.570. Second
support is the reaction low crossing at 12.465.

May copper closed higher due to short covering on Tuesday as it consolidated some of Monday's decline. The high-range close
sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought, diverging and are neutral
to bearish signaling that sideways to lower prices are still possible. Closes below the 20-day moving average crossing at 174.11
are needed to confirm that a short-term top has been posted. If May renews this month's rally, the 25% retracement level of the
2008 decline crossing at 192.28 is the next upside target. First resistance is last Friday's high crossing at 189.70. Second
resistance is the 25% retracement level crossing at 192.28. First support is Monday's low crossing at 175.25. Second support is
the 20-day moving average crossing at 174.11.
FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

May coffee closed higher on Tuesday due to short covering as it consolidate some of Monday's decline. The high-range close
sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bearish hinting that a short-term top
might be in or is near. Closes below the 20-day moving average crossing at 11.22 are needed to confirm that a short-term top
has been posted while opening the door for a larger-degree decline into early-April. If May renews this month's rally, the 75%
retracement level of this year's decline crossing at 12.021 is the next upside target.

May cocoa closed higher on Tuesday as it consolidates above the 50% retracement level of the February-March decline crossing
at 25.56. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are overbought and
are neutral to bearish hinting that a short-term might be in or is near. Closes below the 10-day moving average crossing at 25.74
would temper the friendly outlook in the market. If May extends this month's rally, the 62% retracement level of the February-
March decline crossing at 26.41 is the next upside target.

May sugar closed higher due to short covering on Tuesday as it consolidated some of Monday's decline. The high-range close
set the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If May extends Monday's decline, the reaction low crossing at 12.42 is the next downside
target. Closes above the 10-day moving average crossing at 13.01 would temper the near-term bearish outlook in the market.

May cotton closed sharply higher on Tuesday and renewed this month's rally following a bullish acreage and stocks report. The
high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI turned neutral to bullish
today signaling that sideways to higher prices are possible near-term. If May extends this month's rally, fib resistance crossing
at 46.72 is the next upside target. Closes below the 20-day moving average crossing at 43.09 would confirm that a short-term
top has been posted.
GRAINS http://quotes.ino.com/exchanges/?c=grains

May Corn closed up 18 1/2-cents at 4.04 3/4.

May corn closed sharply higher on Tuesday following today's planted acreage and grain stocks report. The USDA estimated
this year's corn acreage at 84.986 million acres, which was down 1 million from last year but more than 500,000 above the
average trade guess. At the same time the March 1st corn stocks came in at 6.958 billion bushels, which some 50 million less
than expectations. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are
turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends this month's rally, the
reaction high crossing at 4.13 are the next upside target. Closes below the 20-day moving average crossing at 3.83 1/2 are
needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 4.05 1/2. Second resistance
is the reaction high crossing at 4.13. First support is the 10-day moving average crossing at 3.92 1/2. Second support is
Monday's low crossing at 3.79 3/4.

May wheat closed up 20 1/4-cents at 5.32 3/4.

May wheat closed sharply higher on Tuesday confirming yesterday's key reversal up and closed above the 10-day moving
average crossing at 5.29 1/2 confirming that a double bottom has been posted. The latest USDA report showed that the total
size of 2009 seedings came in as expected, USDA found more winter wheat acres and fewer durum and spring wheat acres than
the trade expected. This friendly report coupled with flooding on the northern Plains supported today's rally in Minneapolis and
Kansas City wheat. USDA's March 1st stocks number was about 25 million bushels below trade guesses. However, old crop
stocks remain burdensome, which will shift the markets focus to growing season weather. The high-range close sets the stage for
a steady to higher opening on Wednesday. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that
sideways to higher prices are possible near-term. If May extends today's rally, March's high crossing at 5.61 is the next upside
target. First resistance is today's high crossing at 5.33. Second resistance is March's high crossing at 5.61. First support is
Monday's low crossing at 5.01. Second support is the reaction low crossing at 4.99.

May Kansas City Wheat closed up 18 3/4-cents at 5.73 1/4.

Kansas City Wheat closed sharply higher on Tuesday following today's grains stocks and acreage reports. The high-range close
sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold and are turning neutral to
bullish signaling that a double bottom with the early-March low has been posted. Closes above the 10-day moving average
crossing at 5.77 1/2 would confirm that a short-term low has been posted. First resistance is the 20-day moving average
crossing at 5.73 1/4. Second resistance is the 10-day moving average crossing at 5.77 1/2. First support is Monday's low
crossing at 5.46 1/2. Second support is the reaction low crossing at 5.41 1/2.

May Minneapolis wheat closed up 28-cents at 6.39 1/4.

May Minneapolis wheat closed sharply higher on Tuesday and above the 10-day moving average crossing at 6.23 3/4
confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on
Wednesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If May
extends today's rally, the reaction high crossing at 6.48 1/2 is the next upside target. Closes above the aforementioned resistance
level would renew the rally off March's low while opening the door for a possible test of the reaction high crossing at 6.72 1/2
later this spring. First resistance is March's high crossing at 6.48 1/2. Second resistance is the reaction high crossing at 6.57
3/4. First support is last Friday's low crossing at 6.00. Second support is the reaction low crossing at 5.87 1/2.

SOYBEAN COMPLEX

May soybeans closed up 47 1/2-cents at 9.52.

May soybeans gapped up and closed above the 10-day moving average crossing at 9.39 3/4 on Tuesday confirming that a short-
term low has been posted. Today's USDA report was termed bullish as the USDA estimated this year's soybean acreage at
76.024 million acres, which is up only slightly from last year and at least 3.5 million below trade guesses. At the same time
USDA put March 1 stocks at 1.302 billion bushels, about 20 million less than trade guesses. The report showed that both the
2008 and 2009 balance sheets could see additional tightening. The high-range close sets the stage for a steady to higher opening
on Wednesday. Stochastics and the RSI remain bearish despite today's rally signaling that additional strength will be needed to
turn momentum indicators bullish again. Closes above the previous reaction high crossing at 9.80 are needed to renew the rally
off March's low. Closes below Monday's low crossing at 8.97 would confirm that a short-term top has been posted. First
resistance is today's high crossing at 9.52. Second resistance is the reaction high crossing at 9.80. First support is the 20-day
moving average crossing at 9.08 1/2. Second support is Monday's low crossing at 8.97.

May soybean meal closed up $13.80 at $295.30.

May soybean meal gapped up and closed above the 10-day moving average crossing at 293.30 on Tuesday confirming that a
short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics
and the RSI remain bearish despite today's rally signaling that additional strength is needed to turn momentum indicators
bullish. If May extends today's rally, the reaction high crossing at 309.00 is the next upside target. Closes below Monday's low
crossing at 278.00 would confirm that a short-term top has been posted. First resistance is today's high crossing at 296.20.
Second resistance is the reaction high crossing at 309.00. First support is the 20-day moving average crossing at 283.00.
Second support is Monday's low crossing at 278.00.

May soybean oil closed up 158-cents at 33.62.

May soybean oil gapped up and closed above the 10-day moving average crossing at 32.64 on Tuesday. The high-range close
sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish and will need to see
additional strength before turning bullish again. If June renew this month's rally, February's high crossing at 35.00 is the next
upside target. Closes below the 20-day moving average crossing at 31.67 are needed to confirm that a short-term top has been
posted. First resistance is last week's high crossing at 33.78. Second resistance is February's high crossing at 35.00. First
support is today's gap crossing at 32.34. Second support is the 20-day moving average crossing at 31.67.
LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

April hogs closed down $0.20 at $60.35.

April hogs closed lower on Tuesday as it consolidates below the 20-day moving average. The mid-range close sets the stage for
a steady opening on Wednesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible
near-term. If April extends last week's decline, the reaction low crossing at 58.62 is the next downside target. If April renews
this month's rally, the reaction high crossing at 64.05 is the next upside target. First resistance is the 10-day moving average
crossing at 61.12. Second resistance is the 20-day moving average crossing at 61.60. First support is last Monday's low
crossing at 59.75. Second support is February's low crossing at 56.90.

May bellies closed up $2.80 at $86.55.

May bellies closed sharply higher on Tuesday due to short covering and above the 20-day moving average crossing at 85.98.
The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish
signaling that sideways to lower prices are possible near-term. If May extends Monday's decline, the reaction low crossing at
79.55 is the next downside target. Closes above the 10-day moving average crossing at 87.96 would temper the near-term
bearish outlook in the market. First resistance is today's high crossing at 86.70. Second resistance is the 10-day moving average
crossing at 87.96. First support is today's low crossing at 83.05. Second support is the reaction low crossing at 79.55.

April cattle closed up $1.10 at 83.92.

April cattle closed higher due to short covering on Tuesday as it consolidated some of Monday's decline but remains below the
20-day moving average crossing at 84.09. The high-range close sets the stage for a steady to higher opening on Wednesday.
Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If April extends
Monday's decline, the reaction low crossing at 82.00 is the next downside target. Multiple closes above the 10-day moving
average crossing at 84.49 would temper the near-term bearish outlook.

April feeder cattle closed up $0.97 at $93.17.

April Feeder cattle closed higher on Tuesday due to short covering as it consolidated some of Monday's decline. The high-range
close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If April extends Monday's decline, the reaction low crossing at 91.70 is the
next downside target. Closes above the 10-day moving average crossing at 93.67 would confirm that a short-term low has been
posted.

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E X T R E M E F U T U R E S
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Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

SM.Z09 SOYBEAN MEAL Dec 2009 263.1 15.4 +6.23
YK.U09 SOYBEANS (MINI) Sep 2009 906.5 52.0 +6.09
S.U09 SOYBEANS Sep 2009 906.5 52.0 +6.07
BO.K09 SOYBEAN OIL May 2009 33.62 1.58 +4.93
YC.K09 CORN (MINI) May 2009 404.75 18.50 +4.79
C.K09 CORN May 2009 404.75 18.50 +4.79
HG.K09 COPPER May 2009 1.8445 0.0785 +4.43
W.K09 WHEAT May 2009 532.75 20.25 +3.96
YW.K09 WHEAT (MINI) May 2009 532.75 20.25 +3.93
PB.Q09 FROZEN PORK BELLIES Aug 2009 83.5 3.0 +3.73

LOSERS

BCX.G10 CBOT SOYBEAN CRUSH INDEX Feb 2010 58.50 -4.75 -8.37
PHX PHOENIX HOME PRICE INDEX 117.11 -6.82 -5.50
MNX MINNEAPOLIS HOME PRICE INDEX 120.18 -6.82 -5.37
TPX TAMPA HOME PRICE INDEX 149.21 -6.83 -4.38
DEX DETROIT HOME PRICE INDEX 77.56 -3.37 -4.16
ATX ATLANTA HOME PRICE INDEX 109.44 -4.43 -3.89
SEX SEATTLE HOME PRICE INDEX 154.37 -5.82 -3.63
POX PORTLAND HOME PRICE INDEX 153.8 -4.7 -2.97
CS2 COMPOSITE 20 HOME PRICE INDEX 146.40 -4.26 -2.83
NGX.M09 5 YEAR INT RATE SWAP (IMPLIED YLD) Jun 2009 2.33161 -0.06682 -2.79

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E X T R E M E S T O C K S
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Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

CNB.PR.B COLONIAL CAP TRUST IV 7.875 6.2400 1.6900 +37.14
CSB COLONIAL 8.875% PR 8.4000 2.1900 +35.27
NBF NB SPLIT CORP 5.50 1.15 +26.44
PLD PROLOGIS 6.50 1.24 +23.57
HLM.PR HILLMAN GROUP CAP TRUST 11.6% 13.00 2.45 +23.22
PULB PULASKI FINANCIAL CORP 5.01 0.92 +22.49
JTX JACKSON HEWITT TAX SERVICES 5.2200 0.8700 +20.00
CPII CPI INTL INC 9.35 1.52 +19.41
ABN.PR.G ABN AMRO CF TRUST VII 6.08 6.70 1.05 +18.58
ABN.PR.F ABN AMRO CAP TRUST VI TRUPS 6.81 1.06 +18.43

LOSERS

TBL.NT TAIGA BUILDING PRODUCTS LTD 17.05 -10.95 -39.11
GRM GENERAL MOTORS CORP 9.25 -3.21 -25.76
ACOR ACORDA THERAPEUTICS INC 19.80 -5.10 -20.48
LEN.B LENNAR CORP CL B 5.69 -1.03 -15.33
LEN LENNAR CORP CL A 7.51 -1.20 -13.78
MYLNG MYLAN INC NOTES 750.0000 -102.0640 -11.98
HEV ENER 1 INC 5.17 -0.69 -11.77
ALTH ALLOS THERAPEUTICS INC 6.19 -0.80 -11.44
BMBLY BRAMBLES LTD UNSP AD 6.4 -0.8 -11.11
CSKI CHINA SKY ONE MEDICAL 11.52 -1.30 -10.14

Financial News & Opinions

An Open Letter To Lawrence Summers And Timothy Geithner About GM

Posted: 31 Mar 2009 12:00 PM PDT

Over the weekend, the administration forced General Motors Corp. (GM) CEO Rick Wagoner to resign (the CEO was “anti-bankruptcy”), and gave GM 60 days to put a viable restructuring program in place. Bondholders must share more of the burden, and a “structured” bankruptcy could occur. The government will provide funds to GM in the interim period, and funds are being set aside to back up warranties.

GM’s presented “plan” would not make the company viable even if the economy recovered. … [visit site to read more]

US Retailers Adjusting To Consumer Behavior

Posted: 31 Mar 2009 11:00 AM PDT

While shoppers are currently looking for marked-down spring and summer apparel, retailers are already looking ahead to the 2009 holiday season. The holidays provide specialty retailers with about 40% of sales and the bulk of their annual profits. When those retailers experience a tough holiday season, their entire year suffers.

However, it appears that the lessons of Christmas Past (2008) have not been lost on retailers. Retailers entered the 2008 holiday season with too much inventory … [visit site to read more]

Is This Just Another Bear Market Rally?

Posted: 31 Mar 2009 09:25 AM PDT

The equity market has taken a turn for the better in the past couple of weeks, reversing losses for many investors who have ridden this market down. It has been a welcome change for investors as we bounce off lows and are beginning to put some faith behind equities again.

The million dollar question: is this the turn around we have all been looking for, or is this just another bear market rally?

In my opinion, this is just another bear market rally. Rallies of 5%+ in one day do not … [visit site to read more]

Losing Faith In US Dollar: China Signing Renminbi Currency Swap With Argentina

Posted: 31 Mar 2009 09:18 AM PDT

This article in FT highlights that the world is slowly losing faith in the US as a reserve currency. China has just entered into a swap agreement with Argentina to receive Renminbi instead of US dollars. The swap aids China in its goal to replace the US dollar with the Remnibi as the world reserve currency. It will not happen immediately, but it is happening.

From FT:
China and Argentina in currency swap

China, which is pushing to end the dominance of the dollar as a worldwide … [visit site to read more]

Halliburton Remains A Sell

Posted: 31 Mar 2009 09:03 AM PDT

Our continued Sell recommendation on Halliburton Co. (HAL) shares reflects the weak fundamentals of the U.S. natural gas market, to which the company enjoys a strong leverage through its leading position in the pressure pumping business.

Weak natural gas prices and the continued credit market turmoil have prompted E&P players to curtail spending plans, significantly affecting the outlook for companies such as Halliburton.

The expected slowdown in overall activity levels - … [visit site to read more]

How Obama’s Climate Plan Could Affect ETFs

Posted: 31 Mar 2009 09:00 AM PDT

President Barack Obama’s cap-and-trade legislation within his climate plan could end up costing the industry, and consumers much more than the proposed $646 billion over eight years; costs may trickle down to businesses, consumers and eventually markets and exchange traded funds (ETFs).

The latest climate plan proposed by the Obama administration seeks to reduce pollution by setting a limit on carbon emissions and allowing businesses and groups to buy allowances, although exact details … [visit site to read more]

EUR/GBP Forms Another Consolidation Pattern

Posted: 31 Mar 2009 08:48 AM PDT

Price action on EUR/GBP, a daily chart of which is shown, has formed yet another triangle consolidation pattern. This currency pair has recently been relatively reliable with regard to forming and breaking these types of consolidations. Although triangles are most often considered continuation patterns, eventually breaking out and continuing in the same direction as prior to the consolidation, they can also often serve as reversal patterns. In any event, a breakout of the triangle in either … [visit site to read more]

Speculation Surrounding G20 Meeting Keeps Forex Markets Volatile & Directionless

Posted: 31 Mar 2009 08:41 AM PDT

The forex markets are volatile, with the US Dollar gaining strength today. There are a few event risks this week which could impact currencies, and one of them is the G20 meeting. However, we think the potential for a surprise from the ECB (at Thursday’s press conference) poses the greatest risk event. … [visit site to read more]

EUR/JPY Moving Higher Off Intraday Support, Helps USD/JPY In The Process

Posted: 31 Mar 2009 08:33 AM PDT

The EUR/JPY and the GBP/JPY both found support against the shorter term moving average this (Tuesday) morning.

The EUR/JPY, like the USD/JPY, had been following the 100 bar MA on the 5 minute intraday chart. When the USD/JPY corrected lower after the trend move higher and broke the intraday MA, the EUR/JPY was lagging by a bit. The EUR/JPY pair dipped below the MA level, but bounced immediately. This demand, helped contribute to the USD/JPY bounce.

One thing to note is … [visit site to read more]

The Slow Death Of General Motors

Posted: 31 Mar 2009 08:15 AM PDT

U.S. President Barack Obama’s firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama - the slow death of GM. The company nameplate may soldier on in some form, but it seems increasingly likely that unless Ford Motor Co. (F) can forever avoid government intervention, the once-unique capabilities of the U.S. automotive industry will be forever lost.

In 1970, GM had nearly 60% of the U.S. … [visit site to read more]

USD/AUD Index: The Downside Prevails.

Posted: 31 Mar 2009 08:10 AM PDT

Update on supports and resistances. … [visit site to read more]

USD/CAD Index: The Downside Prevails.

Posted: 31 Mar 2009 08:10 AM PDT

Update on supports and resistances. … [visit site to read more]

USD/JPY Break Could Not Attract Selling Momentum

Posted: 31 Mar 2009 08:05 AM PDT

The USDJPY break of the 100 bar MA on the 5 minute chart just did not solicit the sellers. The price moved to a low of 98.20 but that was it. The pair moved back above the moving average and moved up to 98.53. The MA is currently up to 98.37.

The trend is more consolidative intraday after the sharp move higher overnight. However, the failure to solicit sellers on the break, suggest a definite upward bias to the pair. Will continue to watch the MA as it is significant. … [visit site to read more]

What Government Cash Means For Infrastructure ETFs

Posted: 31 Mar 2009 07:56 AM PDT

Industrial stocks and basic materials exchange traded funds (ETFs) were getting buried with the market meltdown, but now recent proposed government spending may give these sectors another chance.

Infrastructure ETFs and shares may be getting another chance to build up as recent talks of government spending are allocating $50 billion in stimulus money toward the sector. Trang Ho for the Associated Press reports that estimates within the industry have targeted $2.2 trillion in repairs are … [visit site to read more]

Eight More Painful Observations From Montana

Posted: 31 Mar 2009 07:50 AM PDT

A lot has happened up here in Montana over the past week. And I got so much positive response about my “Eight Not-So-Pretty Observations from Big Sky Country” column that I thought I’d give you some more.

Remember, these aren’t news items that I’ve accumulated over time. These are tidbits - ugly tidbits that popped up in just seven days!

By the way, if you didn’t read last week’s column, I suggest you read that one first.

At this year’s C.M. Russell Art Auction, 24 of … [visit site to read more]

USD/CHF Index: The Downside Prevails.

Posted: 31 Mar 2009 07:10 AM PDT

Update on supports and resistances. … [visit site to read more]

USD/JPY Index: Under Pressure.

Posted: 31 Mar 2009 07:10 AM PDT

Update on supports and resistances. … [visit site to read more]

USD/GBP Index: Capped By A Negative Trend Line.

Posted: 31 Mar 2009 07:10 AM PDT

Update on supports and resistances. … [visit site to read more]

USD/EUR Index: Key ST Resistance At 76.5.

Posted: 31 Mar 2009 07:10 AM PDT

Update on supports and resistances. … [visit site to read more]

US Dollar Rallies Strongly Against The Japanese Yen

Posted: 31 Mar 2009 06:26 AM PDT

The USD/JPY moved sharply higher overnight. Today (Tuesday) is the end of year for Japan and the period can solicit unusual currency flows for the pair. In addition, last night the monthly employment statistics for the month of February was released and it showed increasing weakness. The Unemployment Rate rose to 4.4% from 4.1% last month. The rate has increased from 3.8% in October.

The Job to Applicant Ratio a measure of the depth of the job market fell sharply to … [visit site to read more]

British Pound Up Against US Dollar On Better-Than-Forecast Consumer Confidence Report

Posted: 31 Mar 2009 06:16 AM PDT

The Pound appreciated against the Dollar after GfK Consumer Confidence came in above analyst expectations and British retailing giant Marks and Spencer reported an improvement in earnings. The GBP/USD proceeded to experience considerable strength from our medium-term downtrend line, and is fighting towards our 2nd tier uptrend line as we type. The bounce in the Cable is encouraging considering it happened comfortably above our 1st tier uptrend line.

However, the rally is fueled … [visit site to read more]

Gold Showing Positive Correlation With EUR/USD, GBP/USD And U.S. Stocks

Posted: 31 Mar 2009 06:10 AM PDT

Gold is bouncing up while exhibiting a positive correlation with the Euro and Pound. The precious metal managed to avoid a retest of $900/oz. and stabilized on our previous bottom-end of $908.66/oz. We’re noticing a clear theme in terms of correlation. Gold is opting for a positive correlation with the EUR/USD, GBP/USD and U.S. equities. Therefore, we encourage investors to analyze Gold’s correlations before executing a trade on the precious metal. Gold’s uptrend has been … [visit site to read more]

Forex Commentary: EUR/USD To Correlate Positively With S&P Futures Till Thursday’s ECB Meeting

Posted: 31 Mar 2009 06:08 AM PDT

The EUR/USD has recovered well from Monday’s lows despite a lower than expected CPI Flash Estimate. The large movement upwards is a bit confusing considering declining prices imply the ECB may need to get more aggressive with its monetary policy at Thursday’s meeting. Analysts are expecting the ECB to lower its benchmark rate to 1% and the use of quantitative easing is on the table. Monetary easing is normally negative for a currency, hence why the surge taking place this morning … [visit site to read more]

Cartoon Of The Day: Government Motors

Posted: 31 Mar 2009 06:00 AM PDT

Cartoon from Detroit News’ Henry … [visit site to read more]

Pre-US Market Open: The Bear Market Rally Will Probably Remain In Hiatus Until Later In The Week

Posted: 31 Mar 2009 05:31 AM PDT

Unadulterated risk aversion returned on Monday. The day started with the news the US had rejected proposals for auto industry rehab, moved on to a vicious fall in Japanese industrial production but then the mood was briefly lifted by an increase in UK mortgage approvals. However, markets descended back into gloom as Ireland was downgraded by S&P (it was a case of when not if), then focused on the woes of the US auto industry with GM (GM), now equated with Gimmie Money or Government … [visit site to read more]

Gold Somewhat Correlated To Stock Markets In The Very Short Term

Posted: 31 Mar 2009 04:10 AM PDT

Gold fell yesterday (Monday) (both gold and silver were down some 1%) in volatile trade which saw some very determined selling each time gold looked set to break out above $930/oz. There appears to be support at $890/oz to $910/oz and resistance between $930/oz and $960/oz.

As usual gold’s safe haven properties were seen yesterday as most international equity indices were down some 3% to 5% while gold fell only marginally. This has been the pattern in recent months and years when gold … [visit site to read more]

Futures Outlook For Tuesday: FTSE, DAX, Eurostoxx

Posted: 31 Mar 2009 04:01 AM PDT

FTSE June Contract

Ftse plunged lower yesterday (Monday) finding support at 3698. Now the close back above 3722 is quite positive for today, with your first 25% retracement target of 3753 looking to entice. At these higher levels you may see a bit of selling pressure, but after the declines of yesterday this market does need some correction today to ease the short term oversold conditions of the hourly charts.

If the market breaks through this 3756 region fresh buyers will be waiting to … [visit site to read more]

Oil Prices Trading Directionless

Posted: 31 Mar 2009 04:00 AM PDT

The first thing SFOT saw in his list of commentary is this:
We expect the prices to trade in a wide range $45-$55 in the coming weeks. Weak demand keeps it from rising above $55, weak supply keeps it from falling below $45.
A very amateur sounding piece of advise from a typical research analyst whose only knowledge of oil is from the financial view point. Sadly speaking, SFOT agrees with his call, however and dare not go against the mighty strength of the financial flows.

If there is … [visit site to read more]

Obama Rejects Automakers’ Reorganization Plans; Elevates Potential For Bankruptcy

Posted: 31 Mar 2009 04:00 AM PDT

General Motors Corp. (GM) shares plunged more than 25% yesterday (Monday) - sparking a widespread stock-market sell-off - after U.S. President Barack Obama rejected turnaround plans that would have brought GM and Chrysler LLC billions in government rescue money and told the carmakers that bankruptcy might provide the best pathway for them to restructure.

“What we’re asking for is difficult,” President Obama said yesterday. “It will require hard choices by companies. It will require … [visit site to read more]

Global Investment News Briefs: UK Financial Sector, Crude Oil, Ireland, Microsoft

Posted: 31 Mar 2009 03:45 AM PDT

Report: U.K. Financials Cutting More Jobs; OPEC Prez Forecasts $75/Barrel; Oil Falls With Global Stocks; Chalco Scaling Back Spending; S&P Cuts Ireland’s Credit Rating; Investors Paid Cash for 40% of 2nd Home Purchases in 2008; Grain Prices Likely to Fall; Microsoft Settles Patent Suit

The Confederation of British Industry forecasts that the United Kingdom’s financial-services sector may cut up to 15,000 jobs, or 1.4% of the industry’s workforce, in the second quarter, Bloomberg … [visit site to read more]

India Stock Market: The Thud Is Coming

Posted: 31 Mar 2009 03:45 AM PDT

I have not seen any evidence yet that the economy is bottoming - anywhere - and the theory of decoupling is now firmly placed in the trash bin.

So what are we witnessing?

A technical, selling exhaustion rally, which will be followed by increasing volatility and then the inevitable thud. The rally is past; the volatility is upon us, and the thud is … [visit site to read more]

US Dollar Holding Gains; Focus On G20 Meeting

Posted: 31 Mar 2009 03:26 AM PDT

Today’s US Dollar Trading

USD holds gains after a stop-driven rally to highs
Majors hold key support on the dip, large names buying
Technical traders likely in control ahead of US data

Overnight Preview

Look for the USD to remain two-way but off the highs ahead of US data

Looking Ahead to Tuesday

All times Eastern (-5 GMT)

9:00am USD S&P/CS Composite-20 HPI y/y
9:45am USD Chicago PMI
10:00am USD CB Consumer Confidence

Summary

The USD is holding … [visit site to read more]

Futures Outlook For Tuesday: Spot Gold, German Bund

Posted: 31 Mar 2009 03:01 AM PDT

SPOT GOLD

Gold fell lower yesterday (Monday), breaking below 915 for 909. Now there has been a little recovery today, but resistance is above from the 25% fib level of 920.

You should see some selling pressure at these higher levels, with another assault on support located between 911 and 909.

Profit taking is expected at these lower levels thus support should hold. It is only below 909 that fresh selling will appear with 891 looking vulnerable to assault.

However if the market does … [visit site to read more]

What A Banker Has To Say About The Reactions To The Crisis

Posted: 31 Mar 2009 02:10 AM PDT

The next couple of days are expected to see mass demonstrations in London. Protesters are planning to descend upon the City (tomorrow) and the G20 meetings (Thursday), marching against everything from bank bailouts to globalization to climate change. There is an undercurrent of tension, however, as some groups are threatening violence, a development which would be unfortunate but hardly unprecedented. Today features a riposte-in-advance from “Bill the Banker”, presenting his side of the … [visit site to read more]

Video: 03/31 Rick Wagoner’s Tumultuous Time As GM CEO

Posted: 31 Mar 2009 06:00 AM PDT

A look at Rick Wagoner’s tumultuous 9 years as the CEO of General Motors. … [visit site to read more]

The Ten Companies With The Highest Levels Of Short Interest

Posted: 30 Mar 2009 08:22 PM PDT

From the Economist, here is a look at the stocks with the highest levels of short interest:

From the Economist:
WHAT do a coffee company, a financial planner and a shopping-mall operator have in common? All are among the ten listed firms most in the sights of short-sellers, who borrow shares in the hopes of making a profit when their price falls. While there is little doubt that many short-sellers have profited handsomely on the recent misery of financial-services firms, the current … [visit site to read more]

Monday’s Decline In Stocks: Relax, It’s the Break We Anticipated

Posted: 30 Mar 2009 08:16 PM PDT

A little over a week ago, on March 20 in “Financial Stocks are Laggards”, I wrote:
I believe these stocks [financial stocks] will soon reverse direction again and the inverse spikes (the falling knives) will morph into the leading edge of some sort of better defined bottom reversal patterns.
While today’s (Monday) 3.48% drop was led by those financials, it is also the correction described in “Time to Take A Break” last Thursday. I know today’s decline is uncomfortable, painful and gnaws … [visit site to read more]

Recent Financial Sector Component Performance

Posted: 30 Mar 2009 08:10 PM PDT

Back in early December, in Breaking Down the Financial Sector Post-Lehman, I contrasted the broad-based KBW Bank Index ETF (KBE) with several other KBW financial sector ETFs, notably KRE (KRE) (KBW regional banking index), KCE (KCE) (KBW capital markets index) and KIE (KIE) (KBW insurance index.) At that time, the regional banking index was holding up better than its siblings, but had begun to show some weakness.

Fast forward almost four months and in the chart below I contrast … [visit site to read more]

Geithner Hints Banks May Need More Bailout Funding

Posted: 30 Mar 2009 07:58 PM PDT

U.S. Treasury Secretary Timothy Geithner made his first appearances on a host of talk shows on Sunday to promote the Obama administration’s efforts to restart the economy. He also warned against attempts to tax investors who join a federal program to buy so-called “toxic” assets from banks.

While Geithner hinted that he might end up going back to Congress for additional funding for banks, he was dogged by persistent criticism from skeptics now questioning whether he has the right stuff … [visit site to read more]

Oil Crunch, Shorts Punch, Financial Sector Out To Lunch…

Posted: 30 Mar 2009 07:49 PM PDT

S&P 500 (^GSPC) 60 Day, 60 Minute

The only thing I will say about today (Monday) is that the breakdowns that occurred across the board in the financial sector have put a serious damper on the March rally. If you are holding financial sector tickers for the long haul, try to take as much profit as you can from them tomorrow morning. Let’s take a look at some key technicals that took place within the financial sector names in my Weekly Watch List during today’s trading … [visit site to read more]

Forex Chart Of The Day: AUD/USD

Posted: 30 Mar 2009 07:45 PM PDT

(Chart courtesy of FX Solutions’ FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

Price action on AUD/USD, a daily chart of which is shown, has tentatively broken down below both a short-term uptrend support line extending from the 3/10/2009 low, as well as a key horizontal support/resistance level … [visit site to read more]

GM Of The Future

Posted: 30 Mar 2009 07:40 PM PDT

In light of some of the recent news on General Motors (GM), I figured it would be a good time to clarify some of my comments around GM needing to become more efficient to survive, because they could easily be misconstrued as simply advocating for more cost cuts.

Despite all of the posturing around new restructuring plans, the fact remains that GM’s basic strategy (for the last 9+ years) has been to do the following when they get into trouble: cut costs, lay off workers and slash … [visit site to read more]

Humor: The AIG Death Star

Posted: 30 Mar 2009 07:40 PM PDT

Hey don’t look at me like that, you know full well that this is level some of the populist furor over the economy (AIG (AIG) in particular) is starting to reach…

…what else do you call it when people are more upset over the less than 1% of the bailout money that went to bonuses, and aren’t raising a similar ruckus over the people in Congress and the regulators that allowed AIG to happen in the first place?

Disclosure: at the time of publishing the author didn’t own a … [visit site to read more]

USD/JPY Ranging Into Year-End

Posted: 30 Mar 2009 07:30 PM PDT

The year-end USD/JPY bid has yet to develop as news is moving markets these days. With a stimulus package expected out of Japan today, the pair got a strong bid through the 98 handle and then retraced right below. Looking at the pair on a daily retracement analysis we have been examining, the pair seems to be stuck between the 50% and 38.2% levels.

As Japans new fiscal year is upon us, a break north of the 50% retracement and 200 day moving average should lead us higher in the 1st … [visit site to read more]

Stocks To Watch Tuesday - Yahoo, Powerwave Technologies, Rambus

Posted: 30 Mar 2009 07:30 PM PDT

Chart courtesy of stockcharts ( click to enlarge )

Yahoo (YHOO) - It looks like a small bearish rising wedge pattern broken on the Yahoo chart. The pattern seems to have had a downside breakout. The breakout volume in my opinion was not large enough. However, when a validated trendline gets broken, it tends to have some significance. The breakdown put a target of 11.75 in play.

Chart courtesy of stockcharts ( click to enlarge )

Powerwave Technologies (PWAV) - The stock … [visit site to read more]

US Stocks Sold Off On Light Volume

Posted: 30 Mar 2009 07:29 PM PDT

I could have easily have posted “Reality Bites” again but I just did that early in the month and this image works well enough.

So, which will it be? Back to a dreaded trading range, another leg down, or just more profit-taking? It’s too soon to say.

Volume was light on the sell-off which is not a great sign for bears while breadth was highly … [visit site to read more]

Will Canadian Economy, ETF Ride Wave Of Optimism?

Posted: 30 Mar 2009 07:25 PM PDT

Canada tries to hold onto optimistic news as its economy and related exchange traded funds (ETFs) are caught up in the doldrums.

Canadian Prime Minister Stephen Harper advocated a positive economic outlook after announcing $14 billion in new spending for infrastructure and energy, according to CTV. There will also be $2.3 billion investment that will include upgrading the drinking water system.

It is seen that the Prime Minister’s optimism is just and will head off any unnecessary … [visit site to read more]

Federal Pension Insurer Suffers Major Losses: Another Black-Hole-In-The-Making

Posted: 30 Mar 2009 07:25 PM PDT

As is now evident, one of the unintended consequences of the Easy Al Greenspan approach to monetary policy was that it encouraged naive and sophisticated investors to bet the ranch on dangerous risk.

The hunt for yield spurred individuals and institutions to overpay for toxic junk, to cut corners on critical due diligence, and to adopt strategies that were, in many cases, doomed to failure even if just one assumption proved slightly wide of the mark.

However, that wasn’t the end of … [visit site to read more]

TALF And Quantitative Easing Has Created A New Class Of Toxic Assets

Posted: 30 Mar 2009 07:20 PM PDT

The unintended consequences of the TALF and quantitative easing are glaring in the CMBS credit default swap markets. Both the TALF and the Federal Reserves purchases of assets were conceived to thaw the securitization markets by purchasing AAA rated securities.

However, since there is no other market than the one made by the government a huge gap between AAA and lower rated tranches has emerged. The net result is any security rated below AAA is now de facto “toxic”. The charts below … [visit site to read more]

World Bank Predicts 4.5% Contraction For Russia’s Economy, Possible “Social Crisis”

Posted: 30 Mar 2009 07:15 PM PDT

After nearly a decade of double-digit economic growth, Russia’s economy is facing the prospect of a 4.5% contraction this year that will drive unemployment and poverty to “social crisis” levels, the World Bank said.

This is a quick and drastic reversal of the World Bank’s previous forecast of 3% growth in Russia, but Russia’s “real economy has deteriorated more than expected,” said Zeljko Bogetic, the World Bank’s Moscow-based lead economist.

Earlier projections were based on oil … [visit site to read more]

Reemergence Of Risk Aversion Drives US Dollar Higher

Posted: 30 Mar 2009 07:07 PM PDT

The U.S. Dollar traded higher on Monday against most majors except the Japanese Yen as traders have renewed their interest in the Dollar as a safe haven currency.
Bearish news regarding U.S. automakers General Motors and Chrysler triggered profit-taking in stock markets around the world and encouraged investors to move funds into the safety of the low-yielding U.S. Dollar. Once again traders are looking for return of capital rather than return on capital.
Other issues that made traders … [visit site to read more]

US Stocks Decline On Doubts Over Stimulus Plan, Auto Bailout

Posted: 30 Mar 2009 07:04 PM PDT

The markets started the week down, with the Dow closing -3.27% lower. The NASDAQ and the S&P 500 were both down on the day closing at 1501.80 and 787.53 respectively. The 10-year price was up today with yields closing at 2.712%. Both oil and gold contracts were down today with oil settling at $48.41 and gold at $917.70.

The markets were down today on news that the government had rejected GM’s (GM) and Chrysler’s restructuring plan. Share prices fell over -25% as a result … [visit site to read more]

Video: 03/31 Pre Market: Home Prices

Posted: 31 Mar 2009 12:00 AM PDT

03/31 The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

How To Play The Healthcare Sector

Posted: 30 Mar 2009 05:02 PM PDT

The recent volatility from the Healthcare sector has left many investors weary about where to place their money. General market swings aside, M&A activity and legislative developments have intensified the uncertainty in the sector, but have also lead to many investment opportunities.

M&A has been very exciting and has ramped up heavily in the last few months. Pfizer (PFE) and Wyeth (WYE), Roche and Genentech (DNA), Merck (MRK) and Schering-Plough (SGP), Gilead … [visit site to read more]

DailyMarkets.com Reviewed In Technical Analysis Of Stocks & Commodities Magazine

Posted: 30 Mar 2009 05:02 PM PDT

Technical Analysis of Stocks & Commodities is one of the major trading magazines in the US and is distributed internationally. It’s a great magazine which I read frequently and which I’ve written for in the past. So it was great to see DailyMarkets.com featured in a full-page review in the April 2009 edition of the magazine.

The review by the S&C magazine covers a wide range of features found on DailyMarkets.com including the Commitment Of Traders Charts, free Forex trade alerts, and … [visit site to read more]

U.S. Nuclear Power Sector To Rebound - New Profit Plays For Energy Investors

Posted: 30 Mar 2009 05:01 PM PDT

It’s been 30 years since the accident at Three Mile Island effectively killed the commercial nuclear power industry in the United States. But strongly escalating concerns about global warming, growing worries about so-called “Peak Oil,” and greatly improved nuclear-power technology are combining to make nuclear power an increasingly alluring option in the United States, Money Morning has been reporting.

The 30-year anniversary of the Three Mile Island accident - which occurred near … [visit site to read more]

Video: 03/30 Oil Prices Slide On Poor Economic Outlook

Posted: 30 Mar 2009 06:35 PM PDT

Oil prices managed to slide heavily this past trading session as big drops across all markets led the way for further economic concerns. … [visit site to read more]

Video: 03/30 A Breakdown Of The GM & Chrysler Restructuring Plan

Posted: 30 Mar 2009 06:35 PM PDT

The announcement of the Obama Administration’s plan to restructure the US automarket has become the sessions biggest news story as layoffs, deadlines and possible bankruptcy talks have taken over the markets. … [visit site to read more]

Structural Reform And Investor Confidence In The Hedge Fund Industry

Posted: 30 Mar 2009 01:00 PM PDT

Eighty per cent of hedge fund investors continue to believe that hedge funds can provide good, long-term returns, according to a recent survey conducted by IRC Conferences / Terrapinn, a leading global business media company and organiser of London’s HEDGE 2009 congress. Only 20 per cent of investors said that recent global events have shaken their belief in the hedge fund industry.

The survey, which was conducted amongst 273 institutional investors, hedge fund managers and service … [visit site to read more]