| 5 Factors In Favor Of Brazil’s ETF Posted: 02 Apr 2009 11:26 AM PDT Emerging markets are one of the more popular themes in our investing universe and their may be potential for growth in Latin America, most notably Brazil, and their related exchange traded funds (ETFs). Latin American countries have been undergoing large infrastructure programs and they are likely to continue after the global recession has abated, writes Katie Puckett for Building. In Brazil, the government’s growth acceleration program will continue into 2010, and it includes $231 … [visit site to read more]  |
| Posted: 02 Apr 2009 11:23 AM PDT Energy Information Administration — It was anticipated that nuclear generation would decline in 2008. Preliminary data for much of the year seemed to confirm a decline, although the decline was not as great as initially projected. Cumulative monthly data released in the Electric Power Monthly shows nuclear generation for 2008 was actually a fraction of a percent higher than in the record year of 2007 (see chart … [visit site to read more]  |
| Mark To Market Scam: A Guide To Hiding Toxic Assets Posted: 02 Apr 2009 10:17 AM PDT Tomorrow marks an important economic decision regarding FAS 157 and marked to market accounting. This is going to be another reason to, at the very least, question government intentions. The following is a complete look into how marked to market accounting has affected the banks, and what the real intentions behind banning FAS 157 really are. As it’s well documents, credit default swaps are derivative products. That’s just a fancy way of saying that CDS are purchased with … [visit site to read more]  |
| Posted: 02 Apr 2009 09:17 AM PDT After bouncing up off the key 96.00 support/resistance level early this week, price action on USD/JPY, a daily chart of which is shown, has reached all the way up to just a few pips shy of the targeted 100.00 level. This represents a critical juncture for this currency pair, as this level is not only a significant prior support/resistance level, but also a key psychological level. Thursday (4/02/2009) morning’s substantial bullishness in this currency pair was effectively stalled by the … [visit site to read more]  |
| Stock Market Rally Continues Past April Fools Posted: 02 Apr 2009 09:13 AM PDT The 2nd of April, typically a let down day for pranksters has markets rising like the Sun in the East. North American markets had spent March on an absolute tear, had the Madness from the NCAAs spread to the trading floors or was there finally something to be optimistic about? Well, first and foremost the G20 summit has economists, investors and the media talking, which is always a good thing, especially if what’s being talked about is recovery. Not only recovery, but how to get there. … [visit site to read more]  |
| GBP/USD Moves Closer To Last Week’s High Of 1.4777 Posted: 02 Apr 2009 09:07 AM PDT The GBP/USD has been helped today by a better than expected Home Price Index. the Nationwide HPI rose by 0.9% for the month of March and came in down 15.7 for the YoY. The market was expecting -1.5% and -18.1% respectively. This helped push the GBP/USD move up sharply The move higher today has pushed the pair back above the 100 day MA at the 1.4567 level. Last week, the market moved above this key MA for 1 day reaching a high price of 1.4777 but quickly reversed the gain and … [visit site to read more]  |
| The Options Opportunity Matrix Posted: 02 Apr 2009 09:00 AM PDT Maybe I spent too much of my former life in consulting, where 2×2 matrices seem to grow wild on PowerPoint slides, but I have always found that a matrix is a useful way to help compare and contrast the tension between conflicting yet sometimes complementary ideas. I mention this because I have recently fielded several questions about my options trading approach. In thinking about how I might want to discuss the subject, I realized that I have unknowingly been carrying around a 3×3 … [visit site to read more]  |
| The Dow: Elliott Wave Similarities Between 1938 And 2008 Posted: 02 Apr 2009 08:30 AM PDT Earlier, I took a look at “Dow Jones Similarities Between Dow Jones 1937/1938 and Today” and then followed up with “The Resolution of the 1937 Bear Market,” both of which were high-traffic posts. Let’s take a special look now at the Elliott Wave structure as more price bars have developed since that report and the structure is still as eerily similar now as it was then. Dow Jones (^DJI) 1937 -1938 with 5-Wave Structure: One could have interpreted the final wave structure such … [visit site to read more]  |
| USD/AUD Index: The Downside Prevails. Posted: 02 Apr 2009 08:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| USD/CAD Index: The Downside Prevails. Posted: 02 Apr 2009 08:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| The G-20’s Secret Debt Solution Posted: 02 Apr 2009 08:00 AM PDT I’m buried monitoring the markets … scrutinizing them virtually 24/7 … checking every piece of news I can get my hands on. I also have three Dollar Index charts on my trading screen: A monthly chart, a daily chart, and a 60-minute chart to check the short-term moves. That’s because there’s a lot going on in the currency markets. They need to be monitored closely. Miss a development - no matter how small it may seem - and it can cost you big time! That’s especially true now … [visit site to read more]  |
| USD/CHF Index: The Downside Prevails. Posted: 02 Apr 2009 07:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| Posted: 02 Apr 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: 02 Apr 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: 02 Apr 2009 07:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| Futures Outlook For Thursday: S&P, Mini Dow Jones, Crude Oil Posted: 02 Apr 2009 06:45 AM PDT S&P 500 June Contract S&P has reacted perfectly coming back to test 775 and then spring boarding higher through 821 to test 828.40 this morning. There is resistance at 830.50 from previous highs, but this is expected to be dispatched by buyers which would then lead the market higher for 836 to 840.20. Within this band of resistance profit taking is expected and sellers will be testing the water due to the rise of the past two days. You should therefore see the market come lower … [visit site to read more]  |
| The Risks Today For Major Currency Pairs Posted: 02 Apr 2009 06:36 AM PDT The subdued tone that the G20 has brought on this week continues to transpire, as markets struggle to find a level before the meeting, that some have put on par with the treaty of Versailles and the creation of the League of Nations so many years ago. We are in line with the market consensus view in expecting the ECB to cut its refinancing rate by 50bp to 1.00% and its deposit rate by 25bp to 0.25%. In addition, we believe the ECB must move forward with some level of non-conventional policy … [visit site to read more]  |
| FASB Relaxes Fair Value Measures In Valuing Distressed Assets Posted: 02 Apr 2009 06:25 AM PDT The FASB has relaxed the fair value rules which was expected: FASB agrees the objective of mark-to-market accounting is still what would be received in an orderly transaction in the current inactive market. This will allow banks more … [visit site to read more]  |
| Cartoon Of The Day: Who’s Next To Resign Posted: 02 Apr 2009 06:20 AM PDT |
| Simon Property Group Poised To Take Advantage Of Low Property Prices Posted: 02 Apr 2009 05:47 AM PDT Among the battered real estate industry there are a few REITs that are situated to take advantage of the carnage and profit in the long run. Simon Property Group (SPG) is going to be poised to snatch up properties at rock bottom prices from sellers who simply want to pay down their enormous debt loads. With a market cap of $7.59 billion, SPG is the largest public real estate company in the United States. As of December 31, 2008, SPG owned or held an interest in 324 … [visit site to read more]  |
| GBP/USD Continues Above The 1.45 Psychological Level Posted: 02 Apr 2009 05:40 AM PDT The GBP/USD catapulted after rising above our 2nd tier uptrend line, surging well beyond the psychological 1.45 barrier. In fact, the Cable peaked past our 3rd tier trend line before retreating as investors take profits before challenging March highs. Britain continues to receive good economic data including yesterdays Manufacturing PMI and today’s Construction PMI and Nationwide HPI numbers. In other words, the manufacturing and construction industries are looking up in Britain … [visit site to read more]  |
| EUR/USD Rebounds To March 30 Highs Posted: 02 Apr 2009 05:31 AM PDT The EUR/USD has pushed through March 30 highs, rallying before the ECB announces its monetary policy decision. While the 50 basis point cut analyst expect is likely, investors will be more interested in what Claude Trichet has to say about the ECB’s potential use of quantitative easing. Trichet will likely say the ECB doesn’t need to cut the benchmark rate further. However, this is what the ECB has said after each of their other rate reductions. As a result of investor … [visit site to read more]  |
| Crude Prices Could Stay Down On Continuing Low Demand Posted: 02 Apr 2009 05:22 AM PDT DOE stats were fairly ugly in its own right. Start with crude oil. The amount of crude in US mirrors crude situation around the world. Perhaps we had a few major selling out some of the crude in the north sea last month that created some noise that floating stocks might be cleared. However, the truth is, crude oil is still in heavy contango and does not look like recovering anytime if stock situation remains dire, especially due to real lack of demand. Perhaps stocks in Cushing, having … [visit site to read more]  |
| G20 Meeting Demonstrates How Witless Politicians Are Posted: 02 Apr 2009 05:17 AM PDT Finally the g20 meets today. There have been high hopes that this real summit can reach agreement on major issues that will help to slow the slide into Global Depression and perhaps even mark the bottom of the market so to speak. However, what has been disturbing the past week or so is the divergent politics which are driving the agenda rather than facing up to real problems. Tax Havens - Tax havens did not cause this recession and persecuting them is not going to cure it either. … [visit site to read more]  |
| EUR/CHF Tests Support After Lower Than Expected Cut Posted: 02 Apr 2009 05:11 AM PDT The EUR/CHF was supported this morning on the back of comments by SNB Hildenbrand of intervention if the CHF got too strong. This was a point warned about in last nights video commentary. This moved the pair up to the high for the day at 1.5263. After the ECB announcement the pair corrected to the downside after the upside did not take out the high. The market moved down to the 200 hour MA at the 1.5216 level and rebounded. This level will remain as support today. The … [visit site to read more]  |
| Chile: The One Country That Was Prepared For The Financial Crisis Posted: 02 Apr 2009 05:07 AM PDT Chilean President Michelle Bachelet rebuked British Prime Minister Gordon Brown last weekend, saying the British economy would have more room for fiscal stimulus now if he had pursued responsible budget policies previously, as Chile has. It makes you sit up and take notice when you see a Latin American political leader rebuking a British one for financial irresponsibility, but in this case, Bachelet was completely justified. Great Britain, even more so than the United States, was … [visit site to read more]  |
| Today’s Trading Should Prove Eventful, With Two Key Announcements Posted: 02 Apr 2009 03:45 AM PDT Yesterday’s (Wednesday) protests were nowhere near as bad as feared, though we should probably reserve judgement until the return leg is played today at the G20 meeting. Regardless, after a day spent watching the news yesterday it feels as if the London market is in its starting blocks, looking to sprint out of the gate into Q2. It appears to be a race to see which “risk on” trade can go furthest the fastest; while Macro Man noted yesterday that he thought that there might be some … [visit site to read more]  |
| US Inventory Weighing On Oil Prices Posted: 02 Apr 2009 02:06 AM PDT In its weekly status report Wednesday, the Energy Information Administration (EIA) reported another build in inventories of crude oil and refined products, which is expected to weigh on oil prices in the coming days. The agency reported that total commercial crude oil stocks increased by 2.8 million barrels from the preceding week, significantly above expectations. This is the fourth consecutive week of inventory build, seriously denting growing optimism about the commodity’s … [visit site to read more]  |
| Global Investment News Briefs: US Home Sales, India Exports, KMPG, Macy’s, Automakers Posted: 02 Apr 2009 02:00 AM PDT U.S. Pending Home Sales Up 2.1%; India Exports Plunge 21.7%; U.S. Manufacturing Gains Traction; Nigerian Market Down 37% This Year; KMPG Sued for $1 Billion; Carmakers’ Incentives Help Sales in March; Macy’s Debt Downgraded to Junk; Billion-Dollar Hedge Funds Drop 40% Pending sales of U.S. homes increased 2.1% from January to February, nearly doubling the expectations of economists polled by Reuters. The National Association of Realtors Pending Home Sales Index, which measures … [visit site to read more]  |
| USD/JPY Holding Strong Above Key Moving Average Posted: 02 Apr 2009 01:24 AM PDT The JPY is softening up across the board as risk appetite is evident in the Forex market. The major European equities are at session highs as is the USD/JPY, currently at 99.32. Yesterday (Wednesday), we saw the 200 Day Moving Average tested but the USD/JPY was unable to breach and run north of the indicator as US auto bankruptcy fears softened up the pair. Today, thanks to the risk appetite, the pair is currently holding strong above this key moving … [visit site to read more]  |
| Fixing The Economy - The Russian Way Posted: 02 Apr 2009 01:20 AM PDT The Business Section of the St Peterburg Times asked readers for ideas on “How Would You Fix the Economy?”. This was the “best” idea: Dear Mr President (1) They leave their jobs. Forty million job openings - Unemployment fixed.  |
| Futures Outlook For Thursday: FTSE, DAX, Eurostoxx Posted: 02 Apr 2009 01:09 AM PDT FTSE June Contract Ftse expected to open sharply higher, which is why support and resistance levels are so far away from the closing price. There was good resistance at 3980 but if the market opens above this, look for this level to support. You could see sellers at the psychological of 4000/4002 coming in to hold FTSE here. Failure to hold below 4010 sees sellers wobble and reverse as this would take the market higher for 4029/34. You will have a large opening gap however, and markets do … [visit site to read more]  |
| Video: 04/02 Market Expectations For G20 Posted: 02 Apr 2009 06:00 AM PDT Sam Stovall, Chief Investment Strategist at Sandard and Poor’s, says the markets are really hoping the G20 countries don’t agree to anything “stupid.” … [visit site to read more]  |
| Why Oil ETFs Can Lose As Prices Increase Posted: 02 Apr 2009 12:12 AM PDT Understanding why the oil exchange traded fund (ETF) occasionally lags behind jumps in oil prices is a simple matter of knowing how it works. United States Oil (USO) is the largest ETF that tracks the commodity. It followed the 77% drop of crude prices between July and December. But Kevin Baker for TheStreet explains that although oil prices have risen 45% since the low in 2008, the ETF went down another 4.3%. What’s happening highlights the challenges that ETFs trading futures … [visit site to read more]  |
| Bullish Reversal Patterns In WFR Posted: 01 Apr 2009 10:26 PM PDT MEMC Electronic Materials (WFR) is forming a rather bullish reversal pattern that can serve as an educational example of how a Rounded Reversal forms, how the “Cradle” sets up, and how a multi-swing positive momentum divergence forms. Let’s see them. A higher timeframe chart will show WFR resembles Crude Oil (and USO) in terms of its decline and then multi-swing positive momentum divergence that began back in October 2008. One divergence can be a signal that the next … [visit site to read more]  |
| I Think This Bear Stock Market Rally Has Seen Its Top Posted: 01 Apr 2009 09:33 PM PDT Well … that was a busy couple of weeks. I hardly had time to follow the stock markets much less analyze the charts and write about them. When last we spoke, we had a nice Bear Market Rally going. We had gone more than 20% off of the lows. Well guess what … we’re still rallying, although it is currently under some pressure. As I mentioned after the third day of the rally, watch out for the 825 level because that appears to be a powerful level of resistance. The reason for … [visit site to read more]  |
| Forex Outlook For Thursday: G-20 Meeting More Than A Photo-Op Posted: 01 Apr 2009 09:29 PM PDT Unlike other G-(insert number) meetings this one will be more than a photo-op as policymakers face some of the worst financial problems in history. There is no time to pass on items at this meeting or save them for the next meeting because waiting in this rapidly changing global economic environment could prove to be disastrous.  |
| EUR/USD Tests 100-Hour Moving Average Posted: 01 Apr 2009 09:25 PM PDT As S&P Futures turned around to the positive side (+7.3) early in the Tokyo session, we see the EUR/USD pair making a run to test the 100 hr moving average. It has traded between the 55 hour and 100 hr throughout the session, a break of the 100hr could lead it higher without much topside resistance before the 200hr and a break of 55 hr should lead it to trendline support as it ranges and awaits the next … [visit site to read more]  |
| Nobel Laureate Stiglitz On The Administration’s Ersatz Capitalism Posted: 01 Apr 2009 09:15 PM PDT Nobel laureate in economics Joseph Stiglitz writes in The New York Times that Treasury Geithner’s $500 billion or more proposal to fix America’s ailing banks, described by some in the financial markets as a win-win-win situation, it’s actually a win-win-lose proposal: the banks win, investors win - and taxpayers lose. The Treasury, argues the professor of economics at Columbia Univesity - hopes to get us out of the mess by replicating the flawed system that the private sector used to … [visit site to read more]  |
| Posted: 01 Apr 2009 07:45 PM PDT Highlights include Citigroup Inc. (C), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), U.S. Bancorp (USB) and Regions Financial Corp. (RF). Currently, 8.3 million or 20% of the mortgages nationwide are in a negative equity position, meaning the homeowner owes more than the house is worth. This has caused a rise in short sales (selling a home fore a price that is less than the outstanding mortgage balance). In fact, individuals that may not be in financial trouble today but … [visit site to read more]  |
| Video: 04/02 Pre Market: G20 And Initial Jobless Claims Posted: 02 Apr 2009 12:00 AM PDT The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]  |
| Record U.S. Job Losses In March, Unemployment Highs In Europe Posted: 01 Apr 2009 06:17 PM PDT The U.S. private sector cut a record 742,000 jobs in March, higher than analysts’ expectations and a leap from the upwardly revised 706,000 jobs cut in February, according to a report from ADP Employer Services. The report is based on data from about 400,000 businesses with an estimated 24 million people on payroll. According to the ADP’s report, businesses with more than 499 employees shed 128,000 jobs. Companies with 50 to 499 workers slashed 330,000 workers from their payrolls. And … [visit site to read more]  |
| The Obama Administration’s Proposed “Responsible Wall Streeter Tax Credit” Posted: 01 Apr 2009 06:12 PM PDT The Administration is about to launch a new plan designed both to stimulate the economy and clean up Wall Street at the same time. The “Responsible Wall Streeter Tax Credit” will provide Wall Street executives and traders a credit against their 2008 income taxes in an amount equal to their individual share of responsibility for the nation’s financial collapse. The Congressional Budget Office estimates overall losses from the collapse to be about $7 trillion but figures only about 10 … [visit site to read more]  |
| ETF Wrap-Up: Can’t Fathom Any Fundamental Reason For Stocks To Rise Posted: 01 Apr 2009 06:02 PM PDT Well, it is April Fools Day, eh? Mr. Market is playing thoughtful investors for fools that’s for sure. You could watch futures down big last night and then this morning was the dreadful ADP jobs report and a sell-off seemed certain. But a funny thing happened on the way to the bear’s den-we got a series of “in-line” (ISM Data), “better than expected” (Pending Home Sales) “less severe than expected” (Construction Spending) reports and we were off to the races. Volume was about … [visit site to read more]  |
| Posted: 01 Apr 2009 05:58 PM PDT Investors should watch the G-20 meeting with very great care and look behind the inevitable, bland ‘groupthink’ final communiqué of superficial cooperation. While this class of grade-A economies looks harmonious, the Anglo-Saxons are most afraid of the impending D’s: deleveraging and decoupling. … [visit site to read more]  |
| How UK Banks Are Coping With The Crisis Posted: 01 Apr 2009 05:48 PM PDT Royal Bank of Scotland (RBS) shares it’s wealth over borders, but after the crash of global markets, and related exchange traded funds (ETFs), the bank retreated and resorted to protectionism for the first time this century. During the recent trend in globalization, Royal Bank of Scotland ventured out into markets, other than those sharing borders, to locales such as Kazakhstan, China and Rhode Island. That flow of credit and capital across borders was pinched as the government took … [visit site to read more]  |
| Posted: 01 Apr 2009 05:45 PM PDT Historically, desktops generated the largest sales for Intel Corp. (INTC), but the revenue crossover point for notebooks happened in the June 2008 quarter. Management stated that the notebook market was changing rapidly. Corporate customers were the primary buyers of notebooks in the past. However, nearly 50% of consumer PC purchases have now shifted to the mobile platform. While this has boosted the demand for notebooks manifold, there has been some negative pressure on margins. … [visit site to read more]  |
| Strange New Taxes In The Making As The Beast Screams To Be Fed Posted: 01 Apr 2009 05:44 PM PDT It’s easy to blame the current push for higher taxes on the Democrats. However, the disastrous state of public finances means the effort is truly a bipartisan affair. Indeed, given the damage caused during the past two years by the bursting housing bubble and the accompanying economic collapse, the writing was on the wall even before last November’s elections brought the red team into power in Washington and elsewhere. I am on record as having said as much, when I told TV host Larry “the … [visit site to read more]  |
| Are Pension Funds The Next To Need A Bailout? Posted: 01 Apr 2009 05:41 PM PDT The Administration has given both General Motors Corp. (GM) and Chrysler a very short leash to avoid bankruptcy. Chrysler has just 30 days to merge with Fiat, and GM 60 days to come up with yet more cuts and concessions from its stakeholders. GM CEO Rick Wagoner, who was opposed to the idea of going into Chapter 11, was pushed out and replaced with Fritz Henderson, who seems more open to the idea. I doubt the Chrysler merger will happen — or that if it does happen, it will be … [visit site to read more]  |
| US Stock Market Recap: Will Google Challenge Microsoft In The Operating System Arena Posted: 01 Apr 2009 05:33 PM PDT The first day of the second quarter greeted investors well as all major indices were up. Dow Jones gained over 2.00% to close the day at 7,761 while the S&P 500 and NASDAQ ended up 1.51% and 1.66% respectively to close at 881 and 1,551. The 10 year saw its yields shrink to 2.66% while Gold and Oil settled at $929.70 and $48.43.The markets surged as better than expected manufacturing, housing, and auto sales data hit the Street. The banks fared well with Citigroup (C) up over a … [visit site to read more]  |
| Mergers And Acquisitions Explained - Part 3 Posted: 01 Apr 2009 05:20 PM PDT Following on from Part I (overview of M&A) and Part II (mechanics and process of M&A), it’s now time to look out for where we’re going to see some M&A action in the near future. It’s true to say that we haven’t seen a lot of merger and acquisition deals lately. Year on year, global M&A volume is down by 36%. Looking specifically at the UK, there’s been a near complete collapse. Excluding government activity, M&A deals in Q1 2009 were 84% lower than last year. So … [visit site to read more]  |
| Daily Forex Analysis: Expected Rate Cut From ECB Likely Well-Factored In Posted: 01 Apr 2009 05:18 PM PDT Looking Ahead to Thursday All times Eastern (-5 GMT) 8:30am USD Unemployment Claims Summary The USD ends mixed today (Wednesday) after another volatile two-way session; some pairs extending their ranges during New York trade. Most action was ahead of the London fix as US fundamentals were released as well as overseas news reports from pre-G-20 meeting participants; traders note that … [visit site to read more]  |
| Green Shoots In The US ISM Report? One Word…Plastics. Posted: 01 Apr 2009 05:15 PM PDT Don’t look now, but it there is a green shoot in the economy. The ISM new orders index increase by 8.1%, with new orders recorded in Plastics and Computer Products. While the new orders diffusion index increased we are still far from a full fledged recovery, but it does appear that perhaps some replenishing of inventories is occurring. In March, customer inventories increased and were regarded as too high, but at the manufacturing level inventories continued to contract. Among the … [visit site to read more]  |
| Introducing The Parabolic Stop And Reverse (SAR) Posted: 01 Apr 2009 05:01 PM PDT Yesterday, a reader asked about the usefulness of the parabolic stop and reverse indicator, sometimes called the PSAR or SAR. Since this is one of my favorite not-quite-mainstream indicators, I thought I would take a moment and mention some of the reasons why I am a fan of the SAR. One thing led to another and before I knew it, my simple response had grown to Tolstoyan proportions. For that reason, I am going to address the SAR over the course of several posts. The SAR was unveiled by … [visit site to read more]  |
| Why It Isn’t All Gloom For Leisure & Entertainment ETFs Posted: 01 Apr 2009 05:01 PM PDT Although the global recession has taken its toll on the leisure and entertainment industry and its exchange traded funds (ETFs), it isn’t all gloom for the industry. Walt Disney (DIS) has been hit hard by the decline in consumer spending, jumps in unemployment and an overall desire to save that extra penny. The entertainment giant has slashed an undisclosed number of workers and plans to consolidate its operations in Florida and California, states Reuters. Starbucks (SBUX) has … [visit site to read more]  |
| Video: 04/01 NYC’s Water Taxi To Cut Service Posted: 01 Apr 2009 06:51 PM PDT The NYC Water Taxi Service Company announced todasy that it will soon suspend service on its Rockland County to lower Manhattan route. … [visit site to read more]  |
| Video: 04/01 Oil Prices Slide On Stockpile Surge Posted: 01 Apr 2009 06:42 PM PDT Oil prices managed to plummet this past trading session as a surprising rise in crude stockpiles led the way for traders to sell off their oil contracts. … [visit site to read more]  |
| Honda To Benefit From GM, Chrysler Spinning Their Wheels Posted: 01 Apr 2009 01:30 PM PDT You know lately, the media has been focused on what is going to happen to some of America’s biggest business icons: GM (GM) and Chrysler While there’s nothing wrong with that, my mind always has “the wheels turning” and wondering how I can profit from what’s going on in the media. So many people watch the news for everything from “entertainment to information”. However, I watch it to derive an investing idea out of it. With the focal point being on a GM/Chrysler bankruptcy, their … [visit site to read more]  |
| Video: 04/01 G20 Is The Talk Of The Street Posted: 01 Apr 2009 05:14 PM PDT The G20 meeting will get underway on Thursday as Wall Street intently watches. … [visit site to read more]  |
| Video: 04/01 Dollar Rises On Positive Data & Market Gains Posted: 01 Apr 2009 05:00 PM PDT The US dollar managed to rise this past trading session as US equity market gains and optimistic economic data weighed heavily on the minds of investors. … [visit site to read more] |
Thursday, April 2, 2009
Daily Markets - Financial News & Opinions
Wednesday, April 1, 2009
Wednesday Gold +4.26 NAS +23.01 USD -0.096 CRB -2.59 S&P +13.21 DOW +152.04
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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 Wednesday 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 Thursday. Stochastics and the RSI have turned 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
1183.32 is the next downside target. Closes below the 20-day moving average crossing at 1183.32 are needed to 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 1183.32.
The June S&P 500 index closed higher on Wednesday 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 Thursday. Stochastics and the RSI have turned 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
764.90 is the next downside target. Closes below the 20-day moving average crossing at 764.90 would confirm that a short-term
top has been posted. If June renews the rally off March's low, February's high crossing at 867.50 is the next upside target. 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 764.90.
The Dow closed higher on Wednesday 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 Thursday. Stochastics and the RSI have turned 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 7326 is the
next downside target. Closes below the 20-day moving average crossing at 7326 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 7326.
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INTEREST RATES http://quotes.ino.com/exchanges/?c=interest
June T-bonds closed up 28/32's at 130-19.
June T-bonds closed higher on Wednesday as it extended the rebound off last week's low. The high-range close sets the stage
for a steady to higher opening on Thursday. 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 127-21 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 129-02. Second support is the 20-day moving average crossing at 127-21.
ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy
May crude oil closed lower on Wednesday and below the 20-day moving average crossing at 49.60 as it extends this week's
decline. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bearish signaling
that sideways to lower prices are possible near-term. If May extends this week's decline, the reaction low crossing at 43.74 is
the next downside target. Closes above the 10-day moving average crossing at 51.77 would temper the near-term bearish
outlook. First resistance is the 20-day moving average crossing at 49.60. Second resistance is the 10-day moving average
crossing at 51.77. First support is today's low crossing at 47.26. Second support is the reaction low crossing at 43.74.
May heating oil closed lower on Wednesday as it extended this week's decline. The mid-range close sets the stage for a steady
opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term.
Closes below the 20-day moving average crossing at 132.41 would confirm that a short-term top has been posted. Closes above
the 10-day moving average crossing at 142.36 would temper the near-term bearish outlook. First resistance is the 10-day
moving average crossing at 142.36. Second resistance is last Thursday's high crossing at 150.50. First support is the 20-day
moving average crossing at 131.81. Second support is today's low crossing at 129.98.
May unleaded gas closed lower on Wednesday as it extended this week's decline. The mid-range close sets the stage for a steady
to lower opening on Thursday. Stochastics and the RSI are 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 147.03 would temper the near-term bearish outlook. First resistance is today's high crossing at
141.39. Second resistance is the 10-day moving average crossing at 141.07. First support is today's low crossing at 134.11.
Second support is the reaction low crossing at 125.61.
May Henry natural closed lower on Wednesday as it extends last week's decline. The mid-range close sets the stage for a steady
to lower opening on Thursday. Stochastics and the RSI are oversold but 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 4.075 would confirm that a short-term low has been posted. First resistance is the
10-day moving average crossing at 4.075. Second resistance is the reaction high crossing at 4.380. First support is today's low
crossing at 3.629. Second support is monthly support crossing at 3.390.
CURRENCIES
The June Dollar closed higher on Wednesday due to short covering as it consolidates some of Tuesday's decline. The mid-range
close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain 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 86.55 is the
next upside target. Closes above the 20-day moving average crossing at 86.55 would confirm that a short-term low has been
posted. Closes below the weekly uptrend line crossing near 83.70 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 the 20-day moving average crossing at 86.55.
Second resistance is Monday's high crossing at 86.61. First support is the 10-day moving average crossing at 84.89. Second
support is the reaction low crossing at 83.14.
The June Euro closed lower on Wednesday but remains above the 20-day moving average crossing at 131.441. The mid-range
close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to lower
prices are possible near-term. Closes below the 20-day moving average crossing at 131.441 would confirm that a short-term top
has been posted. Closes above the 10-day moving average crossing at 134.421 would temper the near-term bearish outlook in
the market. First resistance is the 10-day moving average crossing at 134.421. Second resistance is the reaction high crossing at
137.370. First support is the 20-day moving average crossing at 131.441. Second support is Monday's low crossing at 131.140.
The June British Pound closed higher due to short covering on Wednesday as it consolidates some of Monday's decline. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bearish
signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.4216 are
needed to confirm that a short-term top has been posted. Closes above the 10-day moving average crossing at 1.4449 would
temper the near-term bearish outlook. First resistance is the 10-day moving average crossing at 1.4449. Second resistance is last
Tuesday's high crossing at 1.4782. First support is the 20-day moving average crossing at 1.4216. Second support is Monday's
low crossing at 1.4112.
The June Swiss Franc closed lower on Wednesday but remains above the 20-day moving average crossing at .8707. The mid-
range close sets the stage for a steady opening on Thursday. 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 .8707 are needed to confirm that a
short-term top has been posted. Closes above the 10-day moving average crossing at .8841 would temper the near-term bearish
outlook. First resistance is the 10-day moving average crossing at .8841. Second resistance is the reaction high crossing at
.8980. First support is the 20-day moving average crossing at .8707. Second support is Monday's low crossing at .8672.
The June Canadian Dollar closed unchanged on Wednesday as it consolidates some of Monday's decline. The high-range close
sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If June extends this week's decline, the reaction low crossing at 78.48 is the next downside
target. Closes above the 10-day moving average crossing at 80.61 would temper the near-term bearish outlook in the market.
First resistance is the 10-day moving average crossing at 80.61. Second resistance is the reaction high crossing at 82.09. First
support is today's low crossing at 78.71. Second support is the reaction low crossing at 78.48.
The June Japanese Yen closed higher due to short covering on Wednesday as it consolidated some of Tuesday's decline. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bearish
signaling that sideways to lower prices are possible near-term. If June extends this week'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 the 20-day moving average crossing at .10252. Second resistance is the 10-day moving average
crossing at .10283. First support is today's low crossing at .10057. 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 Wednesday as it consolidates some of Monday's decline. The mid-range close
sets the stage for a steady to higher opening on Thursday. 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 932.50. 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 Wednesday as it extends this week's decline. The mid-range close sets the stage for a steady to lower
opening on Thursday. 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 the
rally off March's low, February's high crossing at 14.635 is the next upside target. First resistance is the 10-day moving
average crossing at 13.391. Second resistance is last Monday's high crossing at 13.885. First support is Tuesday's low crossing
at 12.570. Second support is the reaction low crossing at 12.465.
May copper posted an inside day with a slightly higher close on Wednesday as it consolidates above the 10-day moving average
crossing at 182.01. The high-range close sets the stage for a steady to higher opening on Thursday. 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 174.84 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 174.84.
FOOD & FIBER http://quotes.ino.com/exchanges/?c=food
May coffee posted an inside day with a lower close on Wednesday as it consolidates below the 10-day moving average crossing
at 11.596. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain
bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 11.253 are
needed to confirm that a short-term top has been posted. If May renews the rally off March's low, the 75% retracement level of
this year's decline crossing at 12.021 is the next upside target.
May cocoa closed higher on Wednesday as it consolidates above the 50% retracement level of the February-March decline
crossing at 25.56. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are
overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. 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. Closes
below the reaction low crossing at 25.15 would temper the friendly outlook in the market.
May sugar closed higher due to short covering on Wednesday as it consolidated some of Monday's decline. Profit taking
tempered early gains and the low-range close set the stage for a steady to lower opening on Thursday. Stochastics and the RSI
are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If May renews Monday's
decline, the reaction low crossing at 12.42 is the next downside target. Closes above the 10-day moving average crossing at
12.96 would temper the near-term bearish outlook in the market.
May cotton closed lower due to profit taking on Wednesday as it consolidated some of Tuesday's rally. Early strength led to a
test of the 50% retracement level of this year's decline crossing at 46.72. The low-range close sets the stage for a steady to
lower opening on Thursday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term.
If May extends this month's rally, the 62% retracement level crossing at 48.08 is the next upside target. Closes below the 20-
day moving average crossing at 43.30 would confirm that a short-term top has been posted.
GRAINS http://quotes.ino.com/exchanges/?c=grains
May Corn closed down 8 3/4-cents at 3.96.
May corn posted an inside day with a lower close on Wednesday as it consolidated some of Tuesday's rally. The low-range
close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling
that sideways to higher prices are possible near-term. If May extends the rally off March's low, the reaction high crossing at
4.13 are the next upside target. Closes below Monday's low crossing at 3.79 3/4 are needed to confirm that a short-term top has
been posted. First resistance is Tuesday'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 3.93 1/4. Second support is Monday's low crossing at 3.79 3/4.
May wheat closed down 7 1/4-cents at 5.25 1/2.
May wheat posted an inside day with a lower close on Wednesday as it consolidated some of Tuesday's rally. The high-range
close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI have turning bullish signaling that
sideways to higher prices are possible near-term. If May extends Tuesday's rally, March's high crossing at 5.61 is the next
upside target. Closes below March's low would open the door for a possible test of December's low crossing at 4.87. First
resistance is Tuesday'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 down 7 1/4-cents at 5.66.
Kansas City Wheat posted an inside day with a lower close on Wednesday due to profit taking as it consolidated some of
Tuesday's rally. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are
oversold and are turning bullish signaling that a double bottom with the early-March low has been posted. Closes above the 20-
day moving average crossing at 5.77 1/4 are needed to confirm that a short-term low has been posted. First resistance is the 20-
day moving average crossing at 5.77 1/4. Second resistance is March's high crossing at 6.12. 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 4 1/4-cents at 6.43 1/2.
May Minneapolis wheat closed higher on Wednesday as it extended Tuesday's rally. The high-range close sets the stage for a
steady to higher opening on Thursday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are
possible near-term. If May extends this week'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. Closes below the 20-day moving average crossing at 6.21 3/4 is needed
to temper the near-term friendly outlook. 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 the 10-day moving average crossing at 6.26 1/4. Second support is the 20-day moving
average crossing at 6.21 3/4.
SOYBEAN COMPLEX
May soybeans closed unchanged at 9.52.
May soybeans closed unchanged on Wednesday as it consolidates above the 10-day moving average crossing at 9.43 1/2. The
low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish
signaling that sideways to higher prices are possible near-term. 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 9.59 1/2. Second resistance is the reaction high crossing at 9.80.
First support is the 10-day moving average crossing at 9.43 1/2. Second support is the 20-day moving average crossing at 9.13.
May soybean meal closed down $1.00 at $294.30.
May soybean meal closed lower due to profit taking on Wednesday as it consolidated some of Tuesday's rally but remains
above the 10-day moving average crossing at 293.80. The low-range close sets the stage for a steady to lower opening on
Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term.
If May extends Tuesday'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 297.20.
Second resistance is the reaction high crossing at 309.00. First support is the 10-day moving average crossing at 293.80.
Second support is the 20-day moving average crossing at 284.40.
May soybean oil closed down 12-cents at 33.50.
May soybean oil closed lower due to profit taking on Wednesday as it consolidated some of Tuesday's rally. The mid-range
close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning neutral hinting that sideways to
higher prices are possible near-term. If June renew the rally off March's low, February's high crossing at 35.00 is the next
upside target. Closes below the 20-day moving average crossing at 31.80 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 Tuesday's gap crossing at 32.34. Second support is the 20-day moving average crossing at 31.80.
LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock
April hogs closed down $0.20 at $60.15.
April hogs closed lower on Wednesday as it consolidates below the 20-day moving average. The mid-range close sets the stage
for a steady opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible
near-term. If April extends the decline, the reaction low crossing at 58.62 is the next downside target. If April renews the rally
off February's low, the reaction high crossing at 64.05 is the next upside target. First resistance is the 10-day moving average
crossing at 60.91. Second resistance is the 20-day moving average crossing at 61.49. 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 $0.45 at $87.00.
May bellies closed higher on Wednesday as it extended this week's short covering rally. The mid-range close sets the stage for a
steady opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-
term. If May renews Monday's decline, the reaction low crossing at 79.55 is the next downside target. Closes above the 10-day
moving average crossing at 87.65 would temper the near-term bearish outlook in the market. First resistance is the 10-day
moving average crossing at 87.65. Second resistance is today's high crossing at 87.80. First support is Tuesday's low crossing
at 83.05. Second support is the reaction low crossing at 79.55.
April cattle closed down $0.15 at 83.77.
April cattle closed lower due to profit taking on Wednesday as it consolidates below the 20-day moving average crossing at
84.05. The mid-range close sets the stage for a steady opening on Thursday. 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 84.51 would temper the near-term
bearish outlook.
April feeder cattle closed up $0.12 at $93.30.
April Feeder cattle closed higher on Wednesday 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 Thursday. Stochastics and the RSI remain bearish signaling that
sideways to lower prices are possible near-term. If April renews Monday's decline, the reaction low crossing at 91.70 is the next
downside target. Closes above the 10-day moving average crossing at 93.71 would confirm that a short-term low has been
posted.
____________________________________________________________________________
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.
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WINNERS
LB.N09 LUMBER (RANDOM LENGTH) Jul 2009 188.0 6.7 +3.70
NK.M09 NIKKEI 225 INDEX Jun 2009 8615 250 +2.98
GCE SGI GLOBAL CARBON INDEX (EUR) 49.95 1.37 +2.82
EPL.M09 EURO/POLISH ZLOTY Jun 2009 0.22124 0.00548 +2.54
PB.N09 FROZEN PORK BELLIES Jul 2009 85.50 1.95 +2.33
EMX MSCI EMERGING MARKETS INDEX 582.50 12.54 +2.21
DJ.M09 DJ INDUSTRIAL AVG Jun 2009 7715 153 +2.03
SP.U10 S&P 500 INDEX Sep 2010 797.6 14.3 +1.84
SMP.Z09 S&P SMALLCAP 600 Dec 2009 216.6 3.0 +1.42
BR.Y$$ BRAZILIAN REAL Cash 0.43917 0.00612 +1.41
LOSERS
BCX.N09 CBOT SOYBEAN CRUSH INDEX Jul 2009 60.75 -3.50 -5.45
DA.M09 MILK CLASS III Jun 2009 12.48 -0.48 -3.74
RB.K09 RBOB GASOLINE May 2009 1.3717 -0.0496 -3.48
CL.K09 CRUDE OIL May 2009 48.39 -1.27 -2.55
C.K09 CORN May 2009 395.75 -9.00 -2.22
YC.K09 CORN (MINI) May 2009 396.00 -8.75 -2.17
NG.K09 NATURAL GAS May 2009 3.695 -0.081 -2.17
RR.U09 ROUGH RICE Sep 2009 11.87 -0.25 -2.10
GI.J09 S&P GSCI COMMODITY INDEX Apr 2009 353.20 -6.30 -1.75
HO.N09 HEATING OIL Jul 2009 1.3994 -0.0240 -1.69
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E X T R E M E S T O C K S
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WINNERS
NSEC NATIONAL SECURITY GROUP 8.75 1.61 +22.55
CTCM CTC MEDIA INC 5.52 0.96 +21.05
PRRFY PREMIER FOODS PLC 5.50 0.90 +19.57
ISLE ISLE of CAPRI CASINOS 6.22 0.93 +17.58
MAC MACERICH CO (THE) 7.31 1.05 +16.77
ASH ASHLAND INC 11.91 1.58 +15.30
PFX PHOENIX CO INC 7.45% 7.99 1.04 +14.96
SNBC SUN BANCORP INC 5.96 0.77 +14.84
MHO M/I HOMES INC 8.02 1.03 +14.74
SHI SINOPEC SHANG PETROCHEM 28.21 3.59 +14.58
LOSERS
TKP POLARIS ACQUISITION CORP 5.75 -3.03 -34.51
GRM GENERAL MOTORS CORP 6.48 -2.77 -29.95
WAC/WI WALTER INVESTMENT MGMT C 7.71 -2.54 -24.78
HLM.PR HILLMAN GROUP CAP TRUST 11.6% 10.000 -3.000 -23.08
APOL APOLLO GROUP INC CL A 66.5000 -11.8300 -15.10
CELG CELGENE CORP 38.47 -5.93 -13.36
LWAY LIFEWAY FOODS INC 7.08 -0.92 -11.50
FCBC FIRST COMMUNICATIONS BANCSHARES VA 10.490 -1.180 -10.11
AUXL AUXILIUM PHARMACEUTICALS 24.95 -2.77 -9.99
AHL.PR.A ASPEN INSURANCE HOLDINGS PR 12.10 -1.33 -9.90